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/biz/ - Business & Finance

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24938250 No.24938250 [Reply] [Original]

Why is bitcoin mooning when no one wants it?

>> No.24938415

>>24938250
trade moved to p2p exchanges and to cash mostly , regulators achieved it.

>> No.24938595

>>24938415
What? No, it's because institutions don't buy from these normie retailer exchanges. You're delusional if you think p2p and cash did this ATH.

>> No.24938679
File: 30 KB, 480x327, WP133.jpg [View same] [iqdb] [saucenao] [google]
24938679

>>24938250
If btc doesn't remain dominant then a true p2p money system emerges and we'll get deflation. That would crush the life out of the corporate system in the west. The high fees and propped up price for btc is essentially the west trying to bribe China into not unleashing the deflationary beast.

>> No.24939112

The trading volumes reported from OKcoin, Huobi and BTCchina were fake and gay.

>> No.24939140

China stocks banned Again
Usd plummeting
Everyone exchanging usd for btc to keep it safe

>> No.24939143

OTC deals are a huge thing now, retail is currently not buying