[Flash Report] Bitcoin Before China Wakes Up - 12/5 PreAsia

[BitcoinTraderFX]

Bitcoin is attempting it's recovery but showing weakness. I believe bitcoin has a chance to recover, and resume it's climb to a million dollars is buying steps in strongly. I believe China was a scare, but more like a startle. Chinese can still buy and sell bitcoins, but not through banks without Anti-Money-Laundering regulations in place (which is not unusual). Every country has done the same for the most part.

Plus I think Bank of America is mitigating the Chinese "startle". Let's see how it plays out.

As always, control your risk!

: )

cj


*Note: Long Term Trend is showing as Green/Up, but it is rolling over. Confluence has turned.

[eindbaas]

Fool , you think your smart now ?
Bitcoin will rise no mather what. Only the banks of china can not gamble with money.

[BitcoinTraderFX]

I did mention that Chinese citizens can still buy and sell bitcoins. I also mentioned that it's not really a "scare", but just a temporary "startle".

Chinese people already have mechanisms to move big money out of China (much to the government's chagrin). So they will keep using bitcoin. I'm not really worried about it.

: )

cj