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<p>[QUOTE="Michael K, post: 2920235, member: 78298"]Before these prices became astronomical, I was reading about people who were leaving China and were only allowed to take a certain amount of $ out of the country. What they would do is put the bulk of their assets in Bitcoin, leave the country, and then redeem their funds in Europe, US or wherever.</p><p>So that made a lot of sense to me. How many people are doing that, and is that driving the price up? I also read recently that a futures exchange was going to start taking orders on Bitcoin, and I think that spiked the price as positive news.</p><p>I think they are just taking long and short orders on the price, and don't have any Bit Coins. </p><p>Oct 31st </p><p><font size="4"><b><a href="http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html" rel="nofollow">CME Group Announces Launch of Bitcoin Futures</a></b></font></p><p>Aug 2nd </p><p><font size="4"><b><a href="https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwikvMeEyOLXAhWF4IMKHUAgA0UQFggmMAA&url=https%3A%2F%2Fwww.cnbc.com%2F2017%2F08%2F02%2Fcboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html&usg=AOvVaw0JDeYfQA6QubqLz6CYGHbn" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwikvMeEyOLXAhWF4IMKHUAgA0UQFggmMAA&url=https%3A%2F%2Fwww.cnbc.com%2F2017%2F08%2F02%2Fcboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html&usg=AOvVaw0JDeYfQA6QubqLz6CYGHbn" rel="nofollow">CBOE plans to launch bitcoin futures, announces agreement with </a></b></font>[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 2920235, member: 78298"]Before these prices became astronomical, I was reading about people who were leaving China and were only allowed to take a certain amount of $ out of the country. What they would do is put the bulk of their assets in Bitcoin, leave the country, and then redeem their funds in Europe, US or wherever. So that made a lot of sense to me. How many people are doing that, and is that driving the price up? I also read recently that a futures exchange was going to start taking orders on Bitcoin, and I think that spiked the price as positive news. I think they are just taking long and short orders on the price, and don't have any Bit Coins. Oct 31st [SIZE=4][B][URL='http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html']CME Group Announces Launch of Bitcoin Futures[/URL][/B][/SIZE] Aug 2nd [SIZE=4][B][URL='https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwikvMeEyOLXAhWF4IMKHUAgA0UQFggmMAA&url=https%3A%2F%2Fwww.cnbc.com%2F2017%2F08%2F02%2Fcboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html&usg=AOvVaw0JDeYfQA6QubqLz6CYGHbn']CBOE plans to launch bitcoin futures, announces agreement with [/URL][/B][/SIZE][/QUOTE]
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