They say the 2nd time is always better than the first.
Are we talking about sex or bitcoins? LOL
I'm almost afraid to get excited this time though. Last time we really didn't know what was going on. As far as I was concerned it would go up forever. This time we can be fairly sure it's happening because of the Chinese governments capital controls and their desire to keep yuan from fleeing the country. What happens when the Chinese govt realizes bitcoin is being used to usurp the govt imposed $50k outflow limit? Kind of puts a damper on the whole party spirit.
how would they really stop it though? genie out of the bottle, and all that. the great chinese firewall is farm from impenetrable after all.
I live in a suburb of Beijing (San Francisco lol). I know more Chinese people than any other group and they tend to live in fear of the government (even here which is odd). I have a feeling that any government sanction would start a mass sell off that would spiral out of control. I don't think the government would try to block it directly but enough of the people would voluntarily comply to start a run.
that's fine more for the rest of us... the beauty of this product is that it flows like water, and is needed like water...
mass sell off... we aint even at mass scale yet... how do you get a mass sell off with a few thousand Chinese people... guys in Venezuela and EU and Russia and now India happy to take it from them if they get scared so easily.
fyi - there are parts of the 415 which are not "Beijing" you might want to wander around a bit and get some exposure to other cultures.
