hlynur
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile Personal Message (Offline)

Ignore
December 18, 2013, 12:38:14 PM

can't stop looking at this pie: http://bitcoincharts.com/charts/volumepie/

and thinking about the fact that chinese have time until 31 Jan to withdraw fiat from their exchanges...(what happens after that date...nobody knows)
i suppose this bear party is just starting...
even if chinese volume is highly distorted by the 0% fee on btcchina (and foreign traders there) market needs time to recover from loosing a big amount of constant money flow.
on top we have christmas holidays, lots of people & merchants probably spending/liquidating some of their coins...

looks like growing a shortterm winter fur during these cold times is not the worst idea...