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Author Topic: Hong Kong Protests Causing Bitcoin Flash Crash  (Read 3745 times)
srgkrgkj
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October 04, 2014, 09:03:30 AM
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Hong Kong has become the center of mass protests and demonstrations aimed at bringing the current communist state to its knees. Thousands have lined the streets in a final attempt to defeat the government. However, Bitcoin has also become a victim to these clashes, as many have reported that it has also suffered in the wake of these events.

Bitcoin has long been a favorite source of investment for many Asian investors and entrepreneurs. With over 60% of all bitcoins traded as part of daily volume originating from Chinese and Japanese investors, a sudden shift in investor trading results in a massive shockwave being sent throughout the Bitcoin markets.

Source : http://www.coinssource.com/hong-kong-protests-causing-btc-flash-crash/

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kaykawa
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October 04, 2014, 11:40:55 AM
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Hong Kong has become the center of mass protests and demonstrations aimed at bringing the current communist state to its knees. Thousands have lined the streets in a final attempt to defeat the government. However, Bitcoin has also become a victim to these clashes, as many have reported that it has also suffered in the wake of these events.

Bitcoin has long been a favorite source of investment for many Asian investors and entrepreneurs. With over 60% of all bitcoins traded as part of daily volume originating from Chinese and Japanese investors, a sudden shift in investor trading results in a massive shockwave being sent throughout the Bitcoin markets.

Source : http://www.coinssource.com/hong-kong-protests-causing-btc-flash-crash/

what happened with Alibaba ipo???  Huh

edited
PandaMac
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October 04, 2014, 08:20:43 PM
 #3

Damn, that explains a lot
inBTCwetrust
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October 04, 2014, 10:13:58 PM
 #4

i do not think that the current BTC crash have any thing related to the Hog Knong protest but i think its because USA tax payers have to claim their profit before the end of the taxation year in December and since btc have no chance to break the $1K before the end of this year which is the price many people buys at they will sell at whatever price to get their tax refund so they can cover their loss .
Omikifuse
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October 04, 2014, 10:22:43 PM
 #5

What is the direct relation between the events?

Also hong kong is just part of china, so I doubt they are related in any way

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fuguebtc
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October 05, 2014, 05:02:39 AM
 #6

lol
More and more reasons 'explaining' bitcoin flash crash
ellen_me
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October 05, 2014, 05:39:17 AM
 #7

That was alarming cause it seems the protests will not end soon based on what I have been watching on the news.  Wink

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October 05, 2014, 11:03:14 AM
 #8

Hong Kong has become the center of mass protests and demonstrations aimed at bringing the current communist state to its knees. Thousands have lined the streets in a final attempt to defeat the government. However, Bitcoin has also become a victim to these clashes, as many have reported that it has also suffered in the wake of these events.

Bitcoin has long been a favorite source of investment for many Asian investors and entrepreneurs. With over 60% of all bitcoins traded as part of daily volume originating from Chinese and Japanese investors, a sudden shift in investor trading results in a massive shockwave being sent throughout the Bitcoin markets.

Source : http://www.coinssource.com/hong-kong-protests-causing-btc-flash-crash/

In the spirit of making random associations and inductive fallacies, how certain are we that Bitcoin's price drop is not caused by a superflare originating from a star in the Canum Venaticorum system?

Buziss
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October 05, 2014, 02:09:31 PM
 #9

That doesn't make sense to me...

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The protests that have been occurring in Hong Kong have been blamed for the massive drop in value Bitcoin has experienced. The recent event could be because investors become subjected to pressure from the government to move their assets due to tensions rising in Hong Kong, or it’s possible that many investors may have also lost faith in Bitcoin due to not seeing a rise in value since the spike to $1200 it experienced nearly a year ago.

Huh? The government push bitcoin investors to move their assets? I can't really understand the argument there...

chanz
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October 05, 2014, 02:29:27 PM
 #10

I really doubt that that's the case if it is then why not the russia banning and bangladesh gov' threating to lock up bitcoiners.
But in any case that's not a single reason at all behind the crash.

My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
barrymac
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October 05, 2014, 09:24:51 PM
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In the spirit of making random associations and inductive fallacies, how certain are we that Bitcoin's price drop is not caused by a superflare originating from a star in the Canum Venaticorum system?



LOL you've got it! the solar flare could wipe out the whole internet!! panic!!
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