China is driving Bitcoin Price Again (or we can say still!).

in #bitcoin7 years ago

As we know PBoC - Peoples Bank of China made top exchanges to get fees and stop huge leverages.
The volumes and price there went down for a week or so.

Just few days ago i have made a post where we saw this top10 volumes:

Situation today is different:

This means all people saying China is making everything on fake volumes wasnt right - it IS China that drives the price and volume at this point. They also have the biggest number of miners.

If we sort all currency pairs by volume Asia will also be first.

This counts leverage platforms and BitMex takes the 4th spot. Located in HongKong but made by Americans. So i kept it out of the screen.

BTC Futures trade at 1032 USD

If we check OkCoin futurtes for 17th February (next week) we can see they predict price of 1032 USD at this moment with spot at 1030 right now.

Means the trend should stay similar and just slowly going up.

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Phalluses

It doesnt come up much (thankfully anmd also get it come up) , but the plural is phalli.

But my bot works. which is always nice. Phalanx seems like a word that i won't actually use in the wrong place and get trigger it by accident.

Haha, funny you should say that I actually googled it first... but decided it would be more tounge in cheek if the Phalluses were involved.

Does this work with anyone?

huh? the bot. No for now just me. At some point, i might set it to react to others, since im not around very much, and add all my small accounts into it.

the point of it is to unhide posts and comments. But apparently @berniesanders objects to it being called for some reason or other (i could hazard a guess as to why, but why bother)..

I have it set up pretty neat. It can protect a specific post from downvotes, counter the DV's of a specific user, or protect a specific user from downvotes.

Now that bernie is DVing me whenever i call it, ill just be using expiring posts to call it.

I've been using Cryptocompare for the last week or so to check which exchanges are 'hot' and rarely have the Chinese exchanges been in the top three... https://www.cryptocompare.com/coins/btc/markets/USD

What source are you getting info from?

Nice post. I am new Steemit user.

Good to have china back in the game again. Up to the new ATH.

1300 this year is almost sure, lets see what else!

I think we will see 1300 before july. End of this year 1400-1500.

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