Topic: China : The next price bump - page 3. (Read 7825 times)

point to good news in a bull market --> "THIS is why the price is going up!"

point to bad news in a bear market --> "THIS is why the price is going down!"

you guys are delusional.

Good observation. The worldwide one has been steadily increasing for 4 days too !

I don't know guys.The rally could be real,especially if you look at Google trends it seems to be indicating interest specifically for China has been increasing lately.

I agree. After the level of media saturation we've seen, I certainly would not be grasping at one single media event as a game-changer.

However, let's not underestimate:
-The possibility that many Chinese may now decide to invest a little in bitcoin - and let's not pass it off by assuming that because a handful of wealthy Chinese elite and basement nerds already know about it, potentially thousands of middle-class folk who didn't already know about it couldn't affect the price at all.
-The fact that the Chinese middle class may be looking for a new investment - classically, they invest in real estate, but that's not looking like such a sweet deal anymore... mom and dad are discovering that the 18-24 generation doesn't want to buy at the top of a bubble and their retirement isn't as safe as they once thought. The slightly more radical among them may decide to throw one of their 12 ghost city condos into cryptocoins.
-Many Chinese people have directly experienced massive inflation
-The political implications. CCP doesn't take its state-run TV channel censorship lightly. Is this a jab at the Western PTB? Not as much as bobdude17 thinks, but let's not completely dismiss this possibility.
-Saying that governments/banks don't see bitcoin as a threat is pretty silly. Sure, they can pass it off for now since its market cap is 1% of some big company, but it's not hard to see that a P2P cryptocurrency that solves the double-spending problem has some pretty hard-hitting potential. Historically, truly revolutionary technology has always been suppressed in favor of pseudo-revolutionary technology that encourages exponentially rising consumption and therefore money-printing (Tesla?) 

I think we have some people overestimating the political implications and the potential adoption bump. On the other hand we have people underestimating the political implications and potential adoption bump. Nothing unusual here. Try to temper y'alls reaction yet don't dismiss obvious possibilities. This is an interesting world that we live in.

Hey, and stop picking on electricmucus, guys

In what way was it out of context? Do you know what that means? He quoted the 3 posts before yours..

Why are you such a bear anyway, did you sell all your bitcoins?

quote mt.gox wall observer:

that's good to know. still tv report is a very bullish sign for development of bitcoin in china

you are the third guy who picks this particular post out of context.

I just started reading the thread, and this is the daftest of the comments you'd posted so far (most of which were just slightly less daft).  I'll probably hit plenty more before I get to the end, but to be honest you never have anything of value to say, rather just relying on bear nonsense whenever anyone dares to post positive or bullish signs.   Now I see why your ignore button is so dark, and allow me to contribute to that.

Good riddance.

Please stop nit-picking one point of an ongoing discussion.

Dude, I get that it's your thing on here to be a bear all the time, but that is utterly ridiculous.

You guys are getting ahead of yourselves again.

Bitcoin isn't perceived as a threat by any goverment nor is it considered something worthwhile of attention. That is the reason it was on Chinese TV in the first place.
It may "change the world", not in the way your Libertarian romantics tell you but more subtle, "under the radar" - in your terms.

Another 1.3 + Billion potential users is definitely something for all bitcoin owners to be happy about!

Spot on. Even though the US is a democracy I wouldn't dream of blaming the American people for being duped into war-mongering. That is simply a result of mass-manipulation by an increasingly small elite. Someone once said that if every American had actually personally known an Iranian then there would be no enmity towards Iran, and I think this is true because as far as I understand the people of both countries have a culture of being extremely friendly and curious about foreigners. It simply is too bad people are so easily scared into submission.


I agree in the sense that it is a long-term fundamental shift, but in terms of actual dollars right now the oil thing is much bigger, and will be for quite some time.

Food for thought : http://www.reddit.com/r/Bitcoin/comments/1dosc3/im_a_chinese_born_us_citizen_heres_what_i_thought/

Perhaps I'm wrong and just a bit too excited about this CCNTV documentary.
But I can't get the numbers out of my brain:

China means rougly 200 to 350 millions (didn't find exact numbers on the net)  of people representing the educated social class (potential buyers would come from this part of society in first place).
Surely other countries were in bitcoin from the beginning and China just got the first big wakeup call concerning media.
E.g. i live in germany and i just stumbled upon some tv reports not longer than 15 min. (widely positive comments as i can think of)

Now if you imagine a state-controlled tv station watched by a wide audience bringing a 30min report showing it in a positive way,
that is a f**ing huge media push.

i don't know if my evaluation is wrong but I just think of bitcoin beginning to spread in a class of chinese society that represents nearly the whole population of USA.
It makes sense in a kind of way for a country being the biggest exporter of goods in the world looking out for new possiblities of financial transactions.

Are there some people from china or with any chinese relation on the forum who can give some feedback and thoughts about this?

I imagine Obama is rallying all his ministers right now, waking them up if necessary and having a long meeting where he demands answers!

His first will be something like "Forget North Korea and that shit, I hear Bitcoin have been at Chinese TV - WTF WTF WTF???"
"How can we deal with the imminent crisis connected to a virtual currency that has a value compared to 1% of Siemens annual revenue?"
"Is Siemens behind this?"
"I WANT ANSWERS..... NOW!"

Followed by more WTF and distressed mumbling.

I agree. I love my country, but my country and my country's military industrial complex empire are two different things.


Exactly. But I think this is far bigger than even the Iranian oil action.

There will be no sources for closed door meetings. But you can infer that they are happening from the geopolitical magnitude of China's move.

It is another attack at USD world reserve status from China after they started buying oil denominated in other currencies than USD from Iran.

Indeed this is very likely. I can't say I'm shedding any tears for the crumbling of the American hegemony though. The only thing is that it's not like Washington can do anything about it, except start another war...and that worries me.