Hong Kong Bitcoin Trading Volume Spikes to Highest Levels Ever Recorded

[ice098]

Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.

Article source

Yes it seems they already transferring their funds or their money . They may be afraid that banks may be close due to some problems and their money could not be withdrawn. It is somehow their plan to save their money so that when they want to go to other countries they can go with their money with them money wont be trace.

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[figmentofmyass]

it seems like each time there is a spike in the volume that localbitcoins reports, one of these yellow news sites writes an article about how there is something "big" going on over in that country as if that's a thing. most of the times the volume is not even that high, in this case $1.6 mil is somewhat high but still not something to get excited about not to mention LBC's reports aren't that reliable to begin with.

given their harsh new KYC policies and the removal of p2p cash trades (which could easily be done outside the escrow system) i reckon their volume numbers are more reliable than ever before.

but yeah 173 bitcoins traded over a week is piddly. definitely nothing to get excited about.

[jarhed]

it seems like each time there is a spike in the volume that localbitcoins reports, one of these yellow news sites writes an article about how there is something "big" going on over in that country as if that's a thing. most of the times the volume is not even that high, in this case $1.6 mil is somewhat high but still not something to get excited about not to mention LBC's reports aren't that reliable to begin with.

given their harsh new KYC policies and the removal of p2p cash trades (which could easily be done outside the escrow system) i reckon their volume numbers are more reliable than ever before.

but yeah 173 bitcoins traded over a week is piddly. definitely nothing to get excited about.

It’s good that the trading volume is increasing, this shows the interest of Bitcoins. I think it’s better to invest in Bitcoin now. I expect that in the spring of 2020, the price of Bitcoin will be more than $ 14,000.

[judeafante]

Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.

Article source

After the recent event that happens on Hongkong investing in Bitcoin is a good option now, they just want to prepare for any eventualities and migrating to other country that is Crypto friendly is a good option no need, no screening on how huge money they are taking, they ca leave and take everything on them, our Chinese brothers are wise to foresee any circumstances.