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A more accurate description would be "cryptocurrency confusion among Chinese startups attempting to float ICOs". Exchange rates for BTC and ETH vs USD (or CNY
by jpatokal 9y ago
A more accurate description would be "cryptocurrency confusion among Chinese startups attempting to float ICOs".
Exchange rates for BTC and ETH vs USD (or CNY, for that matter) have barely budged:
https://www.tradingview.com/symbols/BTCUSD/ https://www.tradingview.com/symbols/BTCUSD/
https://www.tradingview.com/symbols/BTCCNY/ https://www.tradingview.com/symbols/BTCCNY/
https://www.tradingview.com/symbols/ETHUSD/ https://www.tradingview.com/symbols/ETHUSD/
...at least in cryptocurrency terms, where a 10% rise/fall in a day happens regularly anyway and usually for no discernible reason.
- tluyben2 9y agoExactly; there is no chaos here. There have been a lot of things that could be called chaos but this not really. Most speculators I know made a lot less when they heard the media shout chaos this time than previous times as well.
- baby 9y agoLitecoin went from 90USD to 60USD.
- FrozenTuna 9y agoIt was ~80 dollars a week ago. At no point in the past week has it been near 90 dollars. It has hardly budged as a result of this news.
- baby 9y agoIn any case, the news is definitely not making it go up. https://i.imgur.com/8V4grFt.png https://i.imgur.com/8V4grFt.png