Due to China BTC Withdrawals Block 1 Exchange Closes, LocalBitcoin Surges in Volume MAD!
Currently BTC/LTC withdrawals are frozen on the biggest exchanges Huobi, OKCoin and BTCC.
This have made price fall below 1000 USD just for a day and price is back up.
HaoBTC one of smaller compared to Top3 exchanges after all the PBoC Measures decided to fully stop operating as an exchange.
On the other hand LocalBitcoins a platform allowing hand-to-hand Bitcoin buying and selling has a mad surge in volume right now.
This means Chinese are still interested in having BTC and controls wont stop them.
Keep in mind prices on LocalBitcoins are a premium everywhere in the world due to anonymity.
Currently Chinese market looks like this
USA is LocalBitcoins trade at:
Current Top10 Exchanges + Prices
Only 3 from China and BitFinex at #1 spot.
Notice how LBTCs trade almost 100USD above those prices.
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Good to see you guys!
This is incredible to watch the direct effects of this war China has been waging on Bitcoins. I have the very strong feeling that China is not the only country involved in this matter and that in itself their move is but a test to evaluate many different aspects of the blockchain technology, but more importantly to see how its communities are moving...
All for one and one for all! Namaste :)
Bitshares Decentralize Exchange also done well .
A frustrating drop in price - took out my stop loss on a trade I had set up in the morning. Lesson: need wider stop losses than just below the last swing low.
Every bad bet if taken as a lesson is just a more or less expensive knowledge piece ;)
remitano.com , peer to peer exchange.
Downvoted to reduce the payout.
Thanks for the support
Enjoying like a midget!
Thanks for the info!!
Upvote and shared on twitter