The price fail to crash the $250 support 3 times, and minutes ago someone bought/impulse with big walls a lot to back to $260s to stabilize the price and calm the panic, i think is reasonable to think 250 is a bottom after $300 ago, $50 of difference is a good number of margin to rebuy.
I wonder why btcchina and okcoin cny are low ( arround 7200 cny / 1050 usd ). If these markets dont go up I think other markets cant go up to 1300.
I wonder why btcchina and okcoin cny are low ( arround 7200 cny / 1050 usd ). If these markets dont go up I think other markets cant go up to 1300.
because PBOC. No free btc withdrawal there.
Mmmm ok but it cant justificate it, is another thing. Simply I think there are no demand to push up the price up to 1200 in these markets, and it can cause a drop on other markets probably. ( sorry if my english is not 100% correct ).
I wonder why btcchina and okcoin cny are low ( arround 7200 cny / 1050 usd ). If these markets dont go up I think other markets cant go up to 1300.
It does not matter if there are price difference that exist in various locations.
When the price decides to move up, for example, those other exchanges (even in china) will likely move up too - whether the arbitrage spread continues to be in the 10% to 15% territory or if it becomes a different amount is another story. These situations are not locked in, and one part of the world does not control bitcoin prices, even if there can exist some causes and effects and some price pressures in one direction or another because of those kinds of dynamics that you mention.
I know that but it is precisely what has not just happened. The price did not rise to the par of the other exchanges and it stopped in 1030 - 1050 when it always was to the pair more or less.