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RE: Latest News From Chinese Bitcoin Exchanges 9/15/2017
Nice post mate. I think the low prices are also due to the fact that Chinese are not able to deposit fiat anymore. That instantly creates less demand for cryptos while the supply is unchanged. In my view that causes the large price difference when converting Yuan to US Dollar price for BTC and others.
Eventually the Chinese will be allowed back into the Bitcoin markets but this will provide a nice time of stability and consolidation.
This is a great opportunity for the international community since Bitcoin prices will definitely rebound! All of this is GOOD for the market overall since it's getting rid of the bad players right now and providing an amazing accumulation phase. Bitcoin may be in a temporary bear market but low prices are fantastic for Bitcoin users.