Huobi is dying, if I read this right.
http://bitcoinblog.de/2014/04/12/its-not-a-survivors-game-its-a-losers-game/
Thanks for the link!http://bitcoinblog.de/2014/04/12/its-not-a-survivors-game-its-a-losers-game/
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)

@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.