网络科技

    今日:243| 主题:244794
收藏本版
互联网、科技极客的综合动态。

[科技] John Bollinger: ‘Time is Near’ to Pay Attention to China Bitcoin Trading

[复制链接]
红尘醉一宵 发表于 2016-10-10 18:37:16
73 0

立即注册CoLaBug.com会员,免费获得投稿人的专业资料,享用更多功能,玩转个人品牌!

您需要 登录 才可以下载或查看,没有帐号?立即注册

x
Economist John Bollinger has joined rising speculation that a sizable event is due in Chinese Bitcoin activity — but what kind?
                    Also read:           China’s Increasing Debt Burden Could Affect the Bitcoin Economy                    
  Bollinger: Time to ‘Pay Attention’ to Bitcoin/Yuan

      In a tweet Thursday, the father of the Bollinger Band stated “the time is near to pay attention” to the CNY/BTC pair, but that “t    he length of the squeeze suggests a trade rather than a trend.”  
          #BITCOIN      $BTCCNYI suspect that the time is near to pay attention, though the length of the Squeeze suggests a trade rather than a trend.   
    — John Bollinger (@bbands)      October 6, 2016   
    Bitcoin.comlast week reported on the increasing attention on bitcoin as a tool for capital flight from China, Here, investors are increasingly able to circumvent capital controls.  
      Bollinger did not stress that particular result is certain, but rather a shift in the status quo. In      responsesto his original statement, he reiterated that the longer the ‘squeeze’ continues — the period during which positions are sold en masse — the “l        ess likely” we’ll witness a long-term trend.  
  He    addedthat he “uses mostly daily and weekly Bollinger Bands” to make predictions.  
  Pale Yuan Fuels Multi-Angle Bitcoin Optimism

  The yuan is experiencing mixed fortunes in 2016. Despite the IMF adding it to its reserve currency basker only last month — only the fifth to make the grade — its value has    depreciatedby more than 7% since January.  
  A regular media cliche is that drops in CNY fuel interest in ‘back-door’ investment opportunities such as Bitcoin. However more and more commentators appear to give weight to the concept.
  The numbers meanwhile speak for themselves: Quartz    notesthat over 94% of Bitcoin trading was done against CNY in August, whereas in August 2015 it was 60%.  
  “Chinese people are known for their love of gambling,” HaoBTC CMO Eric Mu told the publication. “Bitcoin fluctuates wildly. It’s easy for you to make money, and also to lose money.”
  Bitcoin’s steady stabilizing versus the Yuan’s steady decline could thus be providing the perfect storm for individual investors.
  Not just investors, but predictably the Bitcoin business sector is relentlessly upbeat about the Chinese market. The country’s vast mining operations, for instance, have recently become more outward-facing and created anenhanced presence in Tibet.  
      At a Shanghai fintech forum last month,    Bitmain CEO Jihan Wudescribed China’s existing Bitcoin infrastructure as “excellent.”      
  “In issuing Bitcoin, the earliest dedicated chips for Bitcoin in the world were manufactured and produced in China,” he said.
  “In the trading aspect of blockchain, the technology and trading volume of Chinese exchanges are also excellent.”
  What do you think about John Bollinger’s theory? Let us know in the comments section below.
  Images courtesy of Shutterstock.
  If you’d like to know more about China’s relationship with Bitcoin, search our News section or head over to theBitcoin.com Forum and post your questions for our community to answer.
友荐云推荐




上一篇:UK targets doxxing, hashtags and more in online troll crackdown
下一篇:Command line coffee machine: Hacker shuns app so he can stay at the keyboard for
酷辣虫提示酷辣虫禁止发表任何与中华人民共和国法律有抵触的内容!所有内容由用户发布,并不代表酷辣虫的观点,酷辣虫无法对用户发布内容真实性提供任何的保证,请自行验证并承担风险与后果。如您有版权、违规等问题,请通过"联系我们"或"违规举报"告知我们处理。

*滑动验证:
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

我要投稿

推荐阅读

扫码访问 @iTTTTT瑞翔 的微博
回页顶回复上一篇下一篇回列表手机版
手机版/CoLaBug.com ( 粤ICP备05003221号 | 文网文[2010]257号 )|网站地图 酷辣虫

© 2001-2016 Comsenz Inc. Design: Dean. DiscuzFans.

返回顶部 返回列表