tabnloz
Legendary
*
Offline Offline

Activity: 961
Merit: 1000


View Profile Personal Message (Offline)

Ignore
January 03, 2017, 02:36:28 PM





*Edit3:  The reason of this stagnation is the dollar getting stronger by 2-3% vs. other currencies. (this is from what I see from the currency exchanges)

Stronger dollar = weaker emerging market currencies (& most other currencies) = generally increasing bitcoin price (especially as Yuan weakens further).

As bitcoins price has really diverged recently from Yuan devaluation line, maybe a bigger deval is coming?