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The reason why Bitcoin has enjoyed so much oxygen? It was the easiest way for wealthy Chinese to avoid the draconian prohibitions on currency movements.
As of a week ago the Chinese Gov has moved to restrict trading in Bitcoins. As the Chinese trade in Bitcoins constituted 80%+ of the total world trade in Bitcoin, the Chinese Gov restrictions will have a massive effect on Bitcoin.
Further, the Chinese are unsophisticated in share/currency trading. They have only had a stock exchange for a handful of years. Their exchange has been filled with bubbles and blips as everything that moves is leap upon with unbridled enthusiasm.
If you had the good sense, or good luck to buy Bitcoin low, sell now!
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