Looks like China is leading the rally if I am reading the chart right.
I thought Chinese exchange can no longer accept deposit from the general public?
That's what I thought too, but the Chinese exchanges seem to have most of the total trading volume. How can the Chinese general public deposit there?
bitcoin is going to nowhere but down, dead cat bounces won't save the price
old stuff first:
51% pool fear (easy came easy gone easy return so it can't be fixed and never be fixed)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k), yes, they are still slowly cashing out and will continue for a long long time
no new money, everyone is selling / spending
governments warning and banning
scam IPOs many including Ethereum and others
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..
some latest news:
BitLicense comment period an additional 45 days, bitcoin will be seriously limited and people will lose interest and leave bitcoin, you will see more shits like this coming out later, please call it "a hidden US ban on bitcoin"
China central bank has a new ban coming soon, under the name of "anti money laundering" because ALL chinese exchangers are using "illegal coupons through 3rd party" to deposit/withdraw, they can't do it legally because ALL chinese banks REFUSED to work with them months ago, it's like central bank saying to exchangers: "You have been warned not engage in any bitcoin business since long time ago but you carried on regardless, so don't blame me if i kick your ass hard time by time"
