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S&P 500
5,561.98
(
1.04%
)
US TECH 100
19,305.16
(
1.55%
)
Dow Jones
40,421.89
(
0.33%
)
Brent Oil
81.60
(
-0.83%
)
Bitcoin
67,645.44
(
-0.75%
)
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The70th

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The70th

Re: Hooka post# 403

Friday, 12/06/2013 12:31:11 PM

Friday, December 06, 2013 12:31:11 PM

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These dips have been shaking out loose hands for weeks. The Chinese government issued a slightly obscure press release, and now we're just shaking loose hands out of the Chinese tree.

Wall Street Journal ran an article on Wednesday about one of the largest Chinese holders of Bitcoin, Li Xiaolai, and his stance is still hold.

This is a healthy correction, and will lead to a lot of fresh pressure on the buy side. JMHO
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