
Bitcoin Trades Over $1000 On BTC China Exchange And Crashes 30% ... Then Rebounds
• http://www.zerohedge.com, Tyler DurdenUpdate: following the 30% drop to under $600 in seconds, BTC promptly rebounded to $800 in a few more seconds, as the entire BTC market is now just an algo arena.
The Chinese were going wild for a little while there. They were dragging the price of Bitcoin all over the place.
If I only were set up with a Torchat buddy in China. I could have sent him some of my bitcoins and sold higher than anywhere else. I just gotta start finding the right people over there.
Here goes the rest of our freedoms over here. Government will have to clamp down somehow, now. This might just be the beginning of the big blowup.
This is kinda interesting. Way back, our Government over here messed with Japanese trade and honor, so the the Japs didn't have any choice but to go to war with us - Pearl Harbor.
Now the Chinese are using the Bitcoin development to push US into an economic and honor war. This should be interesting.