Sunday, 29 May 2016

Another theory of why China is buying more than selling

I believe that Chinese people haven't started buying Bitcoins more than before, but as the miners know that they can't sell the same amount of bitcoins as they were doing after the halvening, and don't want to invest into new ASIC before the halvening, they already started to sell less BTCs. To put it in other words, Chinese miners are HODLing.



Submitted May 29, 2016 at 02:16PM by xiphy http://bit.ly/1U4Beri

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