Bitcoin has really pushed above everyones exceptions and I'm sure this has turned plenty of sellers into buyer. However, I'm not convinced that this goes on for too long. I think we are setting up for a selloff.
@coinwide, WOW, OKcoin is in serious hot water. I doubt anyone will want to hold BTC for a bit. Im glad though cz it makes the analysis look more realistic. But quick question, whats your take on the impact of the Chinese not being able to withdraw until march?
What i dont understand is can they not use exchanges outside chinese jurisdictions to access BTC market?
coinwide
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@pato, obviously OKC is in serious legal trouble and hasn't give any statement yet - seems like court will has to make a decision
all Chinese exchanges are prohibited to let their customers withdraw BTC until the investigation and KYC adoptions are finished - this is a decision of PBOC (People bank of China)
tourist
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@coinwide, They can withdraw, but only in local currency.
pato
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@tourist, Thanks for that. I'm going to have a look at the Dollar/Chinese yuan pair as well after this information.
coindesk.com/bitcoin-investor-roger-ver-to-push-for-okcoin-liquidation-in-court/