China Exchanges Closing ? All .CN Coins Pumping Anyways
At end of October biggest Chinese exchanges will stop trading, BTCC, Huobi and OKCoin confirmed it. Some smaller ones already closed and others are in process of stopping.
BTC doesnt seem to care just crossed 4,400 USD mark.
But whats more interesting - coins that are mostly with chinese investors are pumping when everything else is in denial.
Top Gainers
1ST, Walton, Binance are pure chinese coins, traded on chinese markets only. NEO is currently spread among international investors but its "ethereum for china". Vechain is also chinese ICO, trading ie on OpenLedger.
Other Coins from Top100
In top100 Market Capitalization there is few other coins worth keeping eye on with mostly China as investors and all are in good condition. We can expect pumps on some of them so possibly look for good entrance.
- QTUM
- GAS
- HSR
- DGD
- BTM
- GXS
- TRX
- WINGS
- LRC
BTC/CNY out of Top18 Markets
OKC is top19 but crypto/CNY pairs are pretty dead now until this mess clears.
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Here's my theory... the 19th People's Congress is on the 18th... as long as everything goes ok the govt eases off an allows 'approved' exchanges. OkCoin and Huobi never shut down.
@g-dubs I think they are planning something and Chinnese will take advantage of all this news. If not it is diffficult to explain how their coins are pumping as they are. @gold84
I'm surprised poloniex is only 17! I thought it would be much higher
well at least the market isn't crashing yet
NEO and Gas; I loved the connection and how NEO creates Gas. I can't wait to see their future prices. Great post as always! Thanks for sharing!!
As Chinese government is cracking down on exchanges... Mean while In japan
A cake shop is accepting crypto. I wonder what the prices were like in their initial cake offering. :)
Wow! We will see many more businesses, who will accept cryptos in future. Seeing post like this always a good motivation for all of us! Thanks for sharing!
Hong Kong is the China back door.
Thanks for the post. I really focus on BTC, LTC, and ETH primarily. I'm sure I'm missing out on the speculation but I feel safer with the most widely accepted ones.
My bitcoin mentor always taught me to put your money where the strong money will go to in times of worry. The swings may be slightly less but you can handle the storm having more trust the fundamentals look good for the coin. #avoidfud #safercryptos :)
Safer cryptos? No such things.
i have a big bag on wings, hope to see a great pump!
Hope so too!
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The Chinese investors have a serious appetite for Crypto and will find a way to keep investing. They may end up with less options, but their money will still be in Crypto. This means the Crypto they can invest in will see a nice surge as the total investments will be funneled to a small group of Crypto's.
In a way China has made Crypto more appealing to those that invest in it. If Crypto wasn't scaring the Chinese government they wouldn't shut down the exchanges. If the gvmt is scared then those that don't trust their fiat currency see it as an even bigger reason to invest. And where there is a will there is a way...the money will flow.