China temporarily out of the Bitcoin game?

prodigy8

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Quote from: Torque on October 29, 2015, 08:07:24 AM

When I started this thread months ago, people didn't really see it or agree.

Now we're seeing it play out. The Chinese stock market rallied and crashed. The U.S. and Euro markets are waffling and may be starting a bear turn. PMs are flat.

So where are all the HNW traders going to go? They'll revisit markets that haven't had a bull run for a while. You can guess which one they're coming back to now. Wink

Well now i just read a topic here that China wants to buy bitcoin.
Here is the link: https://bitcointalk.org/index.php?topic=1229206.msg12819678;topicseen#new
If that will really start happening then the bitcoin price will really be increased to the moon.

Torque

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When I started this thread months ago, people didn't really see it or agree.

Now we're seeing it play out. The Chinese stock market rallied and crashed. The U.S. and Euro markets are waffling and may be starting a bear turn. PMs are flat.

So where are all the HNW traders going to go? They'll revisit markets that haven't had a bull run for a while. You can guess which one they're coming back to now. Wink

Hollingsworth

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The Chinese government cannot stop the asian horde from buying and selling bitcoin.

To this day, china pumps alt coins.

People of China, we who invest in bitcoin, litecoin and Ripple, salute you!!!

Torque

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http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/24/meet-the-worlds-biggest-stock-market-bubble-since-the-dot-com-boom/

It's sad to me that the majority of Chinese retail stock investors are going to get burned, as they were of course late to the party. Once it pops, their stock bubble will continue to fall over the next 6-12 months, maybe even longer.

Instead, they could have bought bitcoin at the bottom of the bitcoin market (i.e., like NOW), and just waited it out for demand to increase. Just imagine if all those billions of Chinese stock investments from the last 2-3 months had instead got pushed into the Bitcoin market now? We'd definitely have a new rally.

I think their gov't neutered the bitcoin rise in Dec 2013 on purpose. I think their gov't saw all of the pent up demand that their own people had for investing, and knew that if their people invested in bitcoin it would not directly benefit anyone in their own country or their domestic economy. But if they could engineer and rally a Chinese stock bubble instead, and then promote it from within, then their corporations and executives would directly benefit.

Their poor, uneducated people just unwittingly participated in one of the largest "bail ins" in history. All coordinated and endorsed by the Chinese gov't.

Amph

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Quote from: prodigy8 on June 21, 2015, 05:03:11 PM

check the volume , if chinese were afraid and selling BTC then after crashing why same people are purchasing huge amount of BTC?

there is still no ban there so people can do whatever they want, there no official rules made by their governement, only itimidation at most

so they are free to buy in bulk, i guess their government in the end will regulate it and taxed, it if they see a huge money influx in their economy, like Russia is planning to do

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: BillyBobZorton on June 21, 2015, 08:46:33 PM

Look at this:

www.fiatleak.com

China still #1 in the Bitcoin game. These guys aren't that dumb to get scared by some barking of their local goverment.

Agreed, it's just a matter of redistributing wealth to hop on to profit wagon, and as soon as the party is over, it's back to bitcoin.
Given the recent positive legal topics regarding Swiss, they may get some good healthy competition though, and they it's just a matter of time until is spreads out to entire EU.

cheers

gentlemand

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Welt Am Draht

Quote from: BillyBobZorton on June 21, 2015, 08:46:33 PM

Look at this:

www.fiatleak.com

China still #1 in the Bitcoin game. These guys aren't that dumb to get scared by some barking of their local goverment.

That site is based off the Chinese zero fee exchanges hence the overwhelming flow. There's no question China's the daddy but Papua New Guinea would be dominating that site if it hosted zero fee exchanges.

roadbits

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Quote from: BillyBobZorton on June 21, 2015, 08:46:33 PM

Look at this:

www.fiatleak.com

China still #1 in the Bitcoin game. These guys aren't that dumb to get scared by some barking of their local goverment.

exactly ,China taking over the Bitcoin market and only time will tell if it is for better or worse.

BillyBobZorton

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Look at this:

www.fiatleak.com

China still #1 in the Bitcoin game. These guys aren't that dumb to get scared by some barking of their local goverment.

prodigy8

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check the volume , if chinese were afraid and selling BTC then after crashing why same people are purchasing huge amount of BTC?

ssmc2

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Quote from: Torque on June 19, 2015, 10:48:57 AM

And down she goes....

http://money.cnn.com/2015/06/19/investing/china-stocks-shanghai-correction/

China soon to be back in the Bitcoin game? Grin

Torque

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And down she goes....

http://money.cnn.com/2015/06/19/investing/china-stocks-shanghai-correction/

luciann

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i think all this china talk being out of bitcoin is a bit naive talking..

if anything it should be some price manipulation of seeing how the market reacts, and seeing they can get a deal once announcing its back with bitcoin again.

chmod755

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If CNN already calls it a bubble it may not last for too long, but it could be one of the reasons of why we're just floating near $200

Cluster2k

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A Chinese relative came home after visiting China last week. She said many middle-upper class people she spoke with who had previously invested in property were now piling money into shares over there. She mentioned two comments she heard:

"The share market is easy. We're collecting red envelopes from the government" (red envelopes being cash gifts)

"The government won't let the share market fall"

It's little wonder that Chinese investors and speculators would be fleeing bitcoin in favour of opportunities locally.

Some investors she spoke with were thinking of financing a foreign project that guaranteed 17%pa income. Very, very high by Western standards. What did the Chinese investors think? It's way too low, because they can get 40%pa financing local projects. Think about that for a moment. Many investors in China consider doubling your money within two years as a good return, and anything less as "poor".

fred930

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Quote from: leopard2 on June 09, 2015, 06:07:33 PM

soon the pendulum will swing back: when the stock bubble bursts, the money is not lost, money never vanishes in a fiat money system

it will just be CHANGE HANDS and from there, flow back into other investment vehicles, such as BTC

So when all that Chinese money flows out of stocks, it could flow into Bitcoin again, and this time it will reach higher highs, way above the $1200 we saw before

I know the Chinese can buy vouchers to convert cash into bitcoins, but I thought direct bank transfers to exchanges were banned. How can really big money from China flow into bitcoin again through a voucher system? For example I doubt it's easy to buy $100k worth of vouchers there.

leopard2

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soon the pendulum will swing back: when the stock bubble bursts, the money is not lost, money never vanishes in a fiat money system

it will just be CHANGE HANDS and from there, flow back into other investment vehicles, such as BTC

So when all that Chinese money flows out of stocks, it could flow into Bitcoin again, and this time it will reach higher highs, way above the $1200 we saw before

mrhelpful

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Last time I checked they said the same thing a year, ago.

But I confirmed with my chinese friend it was just more a price play then anything thats over there. And people do it on a local level.

CyberSuzy

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I am surprised they laster this long

Torque

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Still climbing, which will make the subsequent fall even worse. Their stock market will take years to completely deflate and bottom out.

http://www.bloomberg.com/news/articles/2015-06-08/the-6-5-trillion-china-rally-that-s-making-stock-market-history

Hopefully the smart ones will sell early (like now) and come back to Bitcoin.

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