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Author Topic: How has the stock market crash in Shanghai and other markets affected Bitcoin?  (Read 296 times)
titulng
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September 21, 2015, 03:46:10 AM
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ACN: How has the stock market crash in Shanghai and other markets affected Bitcoin?

Cho: Earlier this year the stock market heated up and attracted an enormous amount of money from everywhere, including the bitcoin market. Now the plummet obviously released some of the money back to alterative investment vehicles, and bitcoin is one of them. As you can see the price rose moderately in the past a few weeks. Hardcore bitcoin advocates have to realize that bitcoin is still a minority, even in ALT asset classes. The price stays low. Scandals after scandals. Stolen coins and compromised wallets. Politics and dog fights. There’s still a long way to go to regain public’s attention and confidence.

What we can do at LakeBTC is to make our exchange a safe, liquid, and fair market for everybody. As a matter of fact we are probably the only exchange without any stolen coins or scandals since inception. We have a sizable user base and work with market makers and liquidity providers to better execute trade orders. And, we are the one exchange that cares about and stresses on fairness of a marketplace. We have market surveillance programs, carefully designed products, and no under-the-table deals with any bodoy. Unlike some other places, our business model is not to rip off the users.





Excerpts from Q&A with LakeBTC http://allcoinsnews.com/2015/09/18/qa-chinese-exchange-lakebtc-offers-btc-eur-trading/

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September 21, 2015, 06:39:56 AM
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 The stock market crash in Shanghai has been a while and has recovered a little bit. Although investing stock makeket is risky but many ppl still like to  invest into it, not like bitcoin. There is no many ppl who know it.

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September 21, 2015, 07:09:45 AM
 #3

So far, none of the stock market money has entered into a Bitcoin, or this amount is very low. We haven't seen any major increase in price that event like this would cause surely.

As for the non-stop drama in Bitcoin community, I completely agree. There is something all the time. Just few days ago we found out about alleged Bitpay hack. As long as these controversial situation don't stop happening, we have nothing to look for in the mainstream. This is a sad but very true.
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