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Author Topic: Why haven't we sufficiently decoupled from the Chinese market?  (Read 1693 times)
r34tr783tr78
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May 05, 2014, 01:11:17 PM
 #21

A quick ban would make a tsunami on western markets, because of the negativism and because traders would expect a fast influx of sell orders of bitcoins from China on western markets.
But a slow death, with lower volumes, lower demand caused by the end or lower influx of CNY and a continuous drop of price on chinese exchanges, with chinese traders cleaning their portfolio of bitcoins, would be worst. It would be another Gox on our hands.

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May 05, 2014, 01:28:36 PM
 #22

A quick ban would make a tsunami on western markets, because of the negativism and because traders would expect a fast influx of sell orders of bitcoins from China on western markets.
But a slow death, with lower volumes, lower demand caused by the end or lower influx of CNY and a continuous drop of price on chinese exchanges, with chinese traders cleaning their portfolio of bitcoins, would be worst. It would be another Gox on our hands.

This is whats been happening for the last few months..
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May 05, 2014, 01:43:31 PM
 #23

Until now, I haven't seen a consistent drop in volumes at the chinese exchanges: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h
But that is the next step I'm waiting to see.

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