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Bitcoin

China Drives The Markets

After taking a look at some of the top gainers overnight, it is evident that China is driving the markets on some of these top gainers.  Reasoning?  After taking a look at some of the stocks, coins, and shares, and where they are being traded, it is clear that they are being traded on Asian exchanges like BTC38.com and https://www.yuanbaohui.com/coins – where there are new coins being listed that aren’t traded on other exchanges, or even covered by the Coinmarketcap analytics.

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This leads to some disruptive options, and may cause a reaction from the commercial buyers in Europe and North America if the trends continue, which could lead to an battle of the coins!

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These trades are still offering plenty of excitement, but also create barriers to trading, which hasn’t really been an issue prior to this closing off.  In fact, one of the beautiful things about Bitcoin is that it was open, free, and elibilble to be traded by anyone, anywhere, but some of the restrictions on the https://www.yuanbaohui.com/coins exchange prevent foreigners from registering accounts: that is, unless they are able to provide a local phone number.

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When our investigative team did a registration run on the exchange to try and get in on the Stability Shares frenzy by purchasing some, we weren’t able to get past the registration process where a valid phone number had to be entered.  Since we didn’t have a Chinese phone, we were unable to get in on the fun.

 

However, BTC38.com is more open, and you can login there and get in on the Chinese markets, and there is even an option to sign-in using a Facebook account, so there are still options to get in on the Chinese markets.  However, it is going to be interesting to see how these markets drive the prices across the global markets, and if there will be any commercial responses.

 

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