Time for the big rally to begin now

[Empirical1.2]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD...  (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD  ......

I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding  usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc  should be a no brainer now..anyways...

Whether it's ETH USD that gains traction due to better network effect or BTS 2.0 BitUSD/BitAssets they will be very popular as this trend continues. 

- Capital controls will start to decrease the amount of foreign currency you can own.

- Regards keeping money on OKcoin - http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/

I don't what the actual cost is, but you're probably effectively paying like 50% interest a year to keep a USD balance on OKcoin because of the risk of loss.

[mf-tzo]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD...  (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD  ......

I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding  usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc  should be a no brainer now..anyways...

[Empirical1.2]

The nice thing about BTS is the relatively thin sell walls. On genuine, big & popular news, like the 2.0 release,  it can really move a lot.

[btswildpig]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD...  (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD  ......

[liondani]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD...  (or even short it further)

[btswildpig]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

[liondani]

I expect profitable ethereum investors to come over there "slowly"...

[inarizushi]

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

[Ander]

BTS doing well so far, rising at a reasonable pace.

All the hype in on ethereum right now of course, But its nice that we are managing to rise right now.  Almost every coin I look at is being dumped to buy more ETH, but we are up.

Right now BTS is the only coin on btc38 that is in the green.

[Ander]

Up a bit so far.

"The Market - reacting the opposite way you expect to news...since 1602".

[infovortice2013]

[Ander]

Also, never underestimate the ability of the market to ignore news and just do what it wants instead.   The chart now says that the direction of highest probability is up. 

[Ander]

After lack lust announcement... Please resume your regular scheduled selling.

Thank You

I want to see the ironic event of an announcement that some people dont like due to the anti-privacy, resulting in a rise, when the previous announcements that got them excited resulted in nothing happening.

None of the previous announcements involved a sharedrop. 

[lil_jay890]

After lack lust announcement... Please resume your regular scheduled selling.

Thank You

[Ander]

I saw a whale on Bter last night, he made an appearance for a few minutes at 1900...fasten your seat belts the OP might be right for a change! 

Its funny that it now only takes 700k buy to be a whale on bter.  That whale needs to remove his BTS as soon as possible.