bitcoin; china; btcchina

discussion
mrees999
By mrees999 on Sat, Dec 7, 2013 - 5:28am

What is going on with China? The btincoin price swings are crazy! - from the perspective of one China resident.

People new to bitcoin has seen the price rise from $150 to $1200 in just a few months. Most of this rocket in price was started when the Chinese market exchanges opened for business. It seems they were flooding at the gate at this untapped market. A title wave of interest was pent up demand waiting for a release.