gizmoh
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November 14, 2013, 10:37:38 PM

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

Right, chinese are a big X factor, most newcomers are weak hands and many chinese are new to the game.We don't know how much money is being injected, how much volume is real and not traded over and over with 0 fees. Another worst case scenario, Chinese authorities can blacklist btcchina website at a whim and panic will ensue.


The great firewall isn't that great. Easily bypassed with the right tools. And the folks that are investing heavily in BTC from China likely know those tools and their way around TGF.

I've personally gone around TGF on many occasions.

Sure it can be circumvented, panic will ensue because of the message that it would deliver: that authorities would be against bitcoin. And most chinese, by fear, abide by the regime's rules.