Big market price swing in China not equalizing with other markets?

[Quantus]

OKCoin is showing a 24% increase in price but American exchanges are only up 13%. (now 14)That's a pretty big gap.

(This would be a great time to buy)


I don't understand why is it taking so long to equalize?

[Kakmakr]

Well, people are saying this is due to some capital flight going on in China at the moment, so this will reflect a bigger volume on the Chinese exchanges, IF this was true. I do not have any details on this, but it's the rumor going around now. The Dragon has farted, and the Bitcoin world is on fire ^smile^

[bryant.coleman]

Last time also, it was the Chinese who took the exchange rates close to $1,000 per coin (although it was order book rigging by the Mt Gox criminals which enabled BTC to cross that mark). In that case, I will be keenly observing the LTC/BTC exchange rates as well. LTC is quite popular among the Chinese investors. In December 2013, the demand from China propelled LTC exchange rates to above $50 per coin.

[Quantus]

Is it because it's memorial day weekend and the banks are closed?

Every one in the US is passed out drunk? Who would sell for 10% less then the going rate in china?

China sets the price and they maintain the price so if they are saying its worth 10% more today then yesterday why on earth would people be selling at yesterdays prices?

If it was me I would cancel my sell order and place a new one at a higher price.