hdbuck
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April 13, 2014, 03:24:03 AM

Thanks for the link!

It seems inevitable that the Chinese exchanges will shrink considerably after April/18. (Just compare BTC-China before and after the December decree.)  Who knows whether their "overseas" reincarnations will succeed.

I am still puzzled by the price movements since Mar/26.

It seems that the only permanent effect of all the developments so far was the drop by ~550 CNY on Mar/27, after the Caixin leak.  That drop makes sense.

But when the report was confirmed on Apr/03 by BTC38 and FXBTC, and re-confirmed by Huobi on Apr/10,  there were additional large but temporary price drops.  These I do not understand:

  * if these drops were  dumping by traders who had doubted the Caixin report, why would the price recover in the next couple of days?

  * if all the traders had believed the Caixin report when it came out, why would them dump when it was confirmed?


I was reading the stuff on page 3.  all of a sudden it's a 404!  

http://bitcoinblog.de/2014/04/12/its-not-a-survivors-game-its-a-losers-game/3/

EDIT:  they pulled the whole article! hmm

EDIT 2:  still there in German http://bitcoinblog.de/2014/04/12/es-ist-kein-spiel-der-uberlebenden-sondern-der-verlierer/

wait what shmuck i would have liked to read that article (dont read german)  Undecided

@Jorgestolfi yup thats right i like your questioning. now we are getting to that big picture where news are just a smoke screen to hide daddy's real game: making money.