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Actually the break of price parity between China and Western exchanges is historically very bad news for bitcoin. It will mark China as purely speculative and will break ties with the only force that was keeping the price at the 300 USD level in the past months.

It's similar to what happened with MTGox. When the price parity was over (although there was always a ~1-2% premium on MtGox price) bitcoin crashed hard and never recovered.

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