Proof China is leading the current rally

[rogerver]

The Chinese exchanges have been $10 to $15 higher than the USD based exchanges all day throughout the current rally:



Screen shot from: http://bitcoincharts.com/markets/

[Demotruk]

There's apparently a rumor of a Yuan devaluation coming on Monday.

[rogerver]

There's apparently a rumor of a Yuan devaluation coming on Monday.

I can't wait until thinks like Augur and Bitcoin Hive Mind are online so people with the information can make money, and the rest of us can find out sooner what is going to happen.

[milowolf]

There's apparently a rumor of a Yuan devaluation coming on Monday.

I bought some today from Changetip... Wish they would raise that 50$ limit.

[000]

"if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print."
source: zerohedge

[Ishotas]

On another forum someone was joking that the rally was because of this high-profile kidnapping in Taiwan, in which 9 million dollars ransom was demanded to be paid in Bitcoins (later they asked for fiat)
Good news is the kidnapped person was rescued by the police today and is in good condition.

http://focustaiwan.tw/news/asoc/201510280014.aspx

I wonder if crypto will be used as the default payment method for all sorts of ransom in the near future?

[Ishotas]

Follow up news
http://www.newsbtc.com/2015/11/02/taiwa ... gal-asset/

AFAIK this is a proposal that has not been approved or ratified yet by the local government,

[Theo]

I hear that the article about Tawian was not traslated correctly. I cant check because my Manderian is not that great.

[BitcoinXio]

I hear that the article about Tawian was not traslated correctly. I cant check because my Manderian is not that great.

Even so, a $9 million dollar ransom wouldn't drive the price. The price was moved by BILLIONS of dollars in a week. Who was investing billions in and out of bitcoin in just a few days? That is the real question. post5967.html

[Theo]

The price is going up , because

The price is going up.


That is it.

[LiteCoinGuy]

There's apparently a rumor of a Yuan devaluation coming on Monday.

I bought some today from Changetip... Wish they would raise that 50$ limit.

as far as i know, YOU can change that limit in the options.