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Author Topic: [2016-01-12] Shanghai exchange crash not to create demand for bitcoin  (Read 225 times)
milaliss
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January 12, 2016, 08:32:43 PM
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Shanghai exchange crash not to create demand for bitcoin
The recent slump of China Shanghai Composite index did not result in another rally of bitcoin. Chinese demand for the digital currency is already much above the usual level.
http://www.coinfox.info/news/4400-shanghai-exchange-crash-not-to-create-demand-for-bitcoin
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January 12, 2016, 11:15:21 PM
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It won't happen directly. It will take time before these investors open their eyes and mind for something exciting as Bitcoin. If the markets around the world keep free-falling, then they might be open to look for another investment options. At this point they seem to find holding fiat a better solution.
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January 12, 2016, 11:20:16 PM
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There are many financial experts who recommend being in cash during market crisis. I believe Chinese investors are waiting for a better entry point. Not sure that will happen for them, but you never know.
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