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Also Indian, Venezuelan, Argentinian citizens - their currency is not doing well at all.
by imaginenore 10y ago
Also Indian, Venezuelan, Argentinian citizens - their currency is not doing well at all.
- modeless 10y agoAll true but the volume right now is too low for those to affect the price this much.
- ionwake 10y agoWhat do you reckon it is?
- modeless 10y agoTo me the fact that Chinese exchanges are consistently $20 higher indicates that Chinese buying is probably driving the price. But you should always be skeptical when someone tells you a reason for price movements, because the truth is the only people who really know are the people buying and selling.
- csomar 10y agoThe Chinese premium means nothing since there is capital controls. Bitcoin has a premium where there is capital controls. It's not related to the volume or demand of BTC itself.
- modeless 10y agoIf the premium isn't related to demand or volume then why does it go up every time there's an increase in price and volume, and disappear when volume and volatility are low?
- csomar 10y agoYour confusing the Delta-Premium with the Premium. The premium itself is not synonymous to higher demand. A positive Delta, however, can be.
- gnipgnip 10y agoIndia: Maybe inside the alt.right's religious fever dream. BTCINR volumes are negligible; USDINR has barely moved. Demonetization remains quite popular, and supermarkets remain as full as before.