A possible explanation for the difference between China and Bitstamp could be that insiders are transferring
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.
Huobi and all Chinese exchanges are going to close! Mark Karpeles was seen on Beijing Airport! Bitstamp is closing their bank deposits, too!
Sell, sell, sell!