Hacker News new | ask | show | jobs
by peteretep 4623 days ago
How do you know that that's why it's risen? Why does that not justify a 50% rise? Why does that imply the price will suddenly crash? Is this idle chat, or have you attempted to significantly short bitcoin somehow to take advantage of the financial gain from your certainty?
1 comments

It's probably not just Baidu, but it definitely has something to do with chinese.

See this: http://bitcoinity.org/markets/btcchina/CNY (click 6 months and compare to USD) - the Chinese Yen volume was off the charts recently, and during the past day was approx. 40% of the USD's volume. It seems as if Chinese began buying into Bitcoin.