What if some super whale china man dumps his BTC but there isn't

lol no it just wipes the orderbook clean. that happened with ethereum on gdax earlier this year when some whale sold like 40 million usd worth of eth in one sell order all the way down to like 10 cents.

>>3507086
dont post retarded shit like this please, you embarass yourself

>>3507086
use your thinking brain anon. The answer to your question is really simple if you've ever even seen screenshots of an exchange.

>>3507086
Personally i don't think many chinese whales will want to sell all their btc for CNY now because of the halt on fiat deposits/withdrawals in a few weeks for some exchanges. Maybe some of them might need a little cash but most people get into btc for a reason. and china trying to ban it would just make the ones you do have that much more valuable. youtube and google banned in china look how big those are.

>>3507126
>implying they were ever selling for CNY and not USD outside China
Do you even money laundering bro?

>>3507086
Arbitrage nightmare

>>3507142
true that

>>3507126
china doesnt want to control crypto anon its trying to stop capital outflows

but im already tired of explaining it to /biz/ and they rather believe that ten or a hundred billion suddenly matters on the world economy

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74KB, 697x815px

>>3507171
>expecting high-schoolers to understand anything more complex than hodl to the moon
You have some pretty big hopes