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Topic: China Has more of EVERYTHING.. How many bitcoins? - page 2. (Read 5236 times)

sr. member
Activity: 405
Merit: 250
China has more of everything or soon will have


1 International reserves China #1 by a long way

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html

http://www.gfmag.com/component/content/article/119-economic-data/12374-international-reserves-by-countryhtml.html#axzz2lLbOI5sQ

2 Cars /autos

China was #2 in 2010 but now probably #1

According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010

http://en.wikipedia.org/wiki/Motor_vehicle

but 2012 figures

http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html

China Vehicle Population Hits 240 Million

3 Appliances

http://www.nationmaster.com/graph/med_hou_wit_tel-media-households-with-television

example  Tv's in  2002 china had 87% of households ..USA had 98% of households but as China has 5 x more households the number of tvs is more ( same goes for refrigerators etc)

4 Economic indicators

http://www.tradingeconomics.com/china/indicators

http://www.tradingeconomics.com/united-states/indicators

5 Savings 7 Trillion $

http://www.theepochtimes.com/n3/292513-chinese-household-savings-surge-to-50-percent/

USA 5.35 Trillion

http://forecasts.org/economic-indicator/personal-savings.htm

6 Gold..covered above ( 7,000 tons estimate of true holdings)

7 Luxury goods

http://www.mckinsey.com/insights/marketing_sales/tapping_chinas_luxury-goods_market

20% plus of WORLD market by 2015

8 Diamonds

http://www.bain.com/about/press/press-releases/bain-2012-global-diamond-report.aspx

and so it goes on..and on and on.

Whatever you define as something of value they are #1 owners or soon will be

On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs



member
Activity: 84
Merit: 10
And they have trillions upon trillions in cash reserves

That's not hard to do when the people paying you back just keep printing more of it for you


The chinese are smarter than that. The majority of it is government bonds and what not.
sr. member
Activity: 434
Merit: 251
Its impossible to say :/ but think its a lot more than we think ...
sr. member
Activity: 370
Merit: 250
And they have trillions upon trillions in cash reserves

That's not hard to do when the people paying you back just keep printing more of it for you
member
Activity: 84
Merit: 10
I guess being there are more people over there, there would be more of these things there.

Whenever they visit Vegas they literally buy everything in sight. They have a LOT of new money. It makes sense though since the whole world has given it to them haha.
full member
Activity: 182
Merit: 100
I guess being there are more people over there, there would be more of these things there.
full member
Activity: 156
Merit: 100
China has a lot of everything haha.

not in the cawk department
hero member
Activity: 490
Merit: 500
Doubt total ownership in China is yet that high

But they are gonna be massive players long term, unquestionably
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
I think China will be No.4 in terms of BTC maket cap, after the US, EU and Russia.

maybe today no 4 but in 2014 they will be no 1 or 2.

chinese are very familiar with digital currency (qq coin etc). i guess its a great country for btc/ltc
hero member
Activity: 826
Merit: 501
in defi we trust
More of everything , doesn't mean all the good stuff , they have also lots of bad stuff , and more than the whole planet combined.
Also , china =/= chinese people =/= chinese goverment

Also nodes mean....nothing
Lot's of people having 100+ BTC and not running a node. Lots of newbies running bitcoinqt for the first time and not owning a single satoshi but still running a node.
member
Activity: 84
Merit: 10
Well, considering bitcoins are more expensive in china than any other country, there's a good chance the demand there is very large.  Who knows, could be that soon China has more BTC than any other country... What would that do to the price though?
legendary
Activity: 3752
Merit: 1217
I think China will be No.4 in terms of BTC maket cap, after the US, EU and Russia.
member
Activity: 84
Merit: 10
And they have trillions upon trillions in cash reserves
hero member
Activity: 784
Merit: 500
China also has the largest country population, 1.2 billion I think!
member
Activity: 84
Merit: 10
China has a lot of everything haha.
member
Activity: 112
Merit: 10
Several million? Or maybe just 1 million? no clue really Tongue
sr. member
Activity: 405
Merit: 250
China has more of everything or soon will have and that includes Bitcoin.

They also don't like to advertise that much and hide their true holdings in Gold in particular.

Official Gold 1,000 tons..Estimate of actual Gold 7,000 tons

http://dailyreckoning.com/how-much-gold-does-china-have/

so how many bitcoins do they now have?

to start the ball rolling.  I suggest 15% of 2013 bitcoins mined then start adding


As of Nov 20 China has 14.9% of nodes

http://getaddr.bitnodes.io/

http://getaddr.bitnodes.io/188/china/


Can anyone make an estimate?






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