Topic: China : The next price bump - page 4. (Read 7825 times)
The US and China have been in a military, economical, idealogical, and technological Cold War for a while now. They watch each other's every move, and every action has meaning. I don't have inside information but I know the level of detail the government pays attention to and reacts to. Trust me, there are meetings happening right now.
Sources for so-called "close door" meetings right now? or is that just your opinion?
Satoshi made Bitcoin > The miners made it a community > The spectators made it a market > The media made it a bubble > The venture capitalists made it an industry > China has just made it a threat.
(in the eyes of the US government)
(in the eyes of the US government)
I don't think you all understand the gravity of what China just did.
As in - officials in Washington DC are having frantic closed door meetings right now.
As in - officials in Washington DC are having frantic closed door meetings right now.
What is interesting to note is this;
http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-04-01+to+2013-04-04
Now, as others said, don't take sourceforge as gospel, its just something to get an idea, to 'feel the flow'.
You can see from the states that the recent bubble doesn't seem to have any correlation with interest from China. This sudden spike is.. new/different.
Question is - will these 'spikes' continue? Will we see a sudden surge in Chinese bitcoin businesses? (tech savvy, and trust me, there's plenty of people over there who would be very happy to setup new businesses).
I don't think its going to be another 'bubble spike', because of how April doesn't correlate. But, it could turn into one IF there's nowhere for the newly interested people to spend their bitcoins. Yet mentality is very different from western style indoctrination, in that they're taught to save, westerners are taught to spend.
Maybe CCTV will do a 2nd bitcoin documentary, or blogs and other tv channels in China will follow .. or maybe they won't? Is media Bitcoin bashing over? (it seems to be mostly from the western sphere, sliding into a slight (very slight in some cases) media/journalistic understanding).
One thing I can say for sure is that it will certainly be interesting to watch.
http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-04-01+to+2013-04-04
Now, as others said, don't take sourceforge as gospel, its just something to get an idea, to 'feel the flow'.
You can see from the states that the recent bubble doesn't seem to have any correlation with interest from China. This sudden spike is.. new/different.
Question is - will these 'spikes' continue? Will we see a sudden surge in Chinese bitcoin businesses? (tech savvy, and trust me, there's plenty of people over there who would be very happy to setup new businesses).
I don't think its going to be another 'bubble spike', because of how April doesn't correlate. But, it could turn into one IF there's nowhere for the newly interested people to spend their bitcoins. Yet mentality is very different from western style indoctrination, in that they're taught to save, westerners are taught to spend.
Maybe CCTV will do a 2nd bitcoin documentary, or blogs and other tv channels in China will follow .. or maybe they won't? Is media Bitcoin bashing over? (it seems to be mostly from the western sphere, sliding into a slight (very slight in some cases) media/journalistic understanding).
One thing I can say for sure is that it will certainly be interesting to watch.
You are the one who posted the tunnel vision snapshot of recent downloads. I am sorry you bulls look so alike, so that was the response to someone else. Could have been you.
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
It is huge, actually it is beyond huge...we're talking ginormous. This is not any single TV special, it is a half hour on China's state television channel. It is already and will continue to spark a frenzy of interest in China. But more importantly it is about the the Chinese government tacitly approving of Bitcoin. The Chinese government is immensely powerful, it means that if Western governments try to ban Bitcoin, it will still have a user base in China.
The Chinese love gambling and they love saving, and Bitcoin is great for both. Hence with government approval the stage is set for explosive growth. It is even possible that Bitcoin adoption in China might overshadow adoption in the US.
I think people in China, and perhaps people in Asia, are more accepting of risks. They're also very tech savvy, and are ready to learn when something new and adventurous appear on the scene. That alone makes them very ripe for the adoption and innovation of matters in the Bitcoin. So I agree, given the often "it's a scam! It's not physical! I don't want to learn!'" type of attitude you'll find the States, it's only a matter of time before China's usage of BTC's outgrows America's.
Adding to that, there is the Asian financial crisis in the late 90s affecting mostly the ASEAN countries and then there is the fact that most Chinese alive today have seen a 25%+ inflation rate in the early 90s.
In general people in Asia are more aware of how insecure fiat really is
You are the one who posted the tunnel vision snapshot of recent downloads. I am sorry you bulls look so alike, so that was the response to someone else. Could have been you.
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
It is huge, actually it is beyond huge...we're talking ginormous. This is not any single TV special, it is a half hour on China's state television channel. It is already and will continue to spark a frenzy of interest in China. But more importantly it is about the the Chinese government tacitly approving of Bitcoin. The Chinese government is immensely powerful, it means that if Western governments try to ban Bitcoin, it will still have a user base in China.
The Chinese love gambling and they love saving, and Bitcoin is great for both. Hence with government approval the stage is set for explosive growth. It is even possible that Bitcoin adoption in China might overshadow adoption in the US.
I think people in China, and perhaps people in Asia, are more accepting of risks. They're also very tech savvy, and are ready to learn when something new and adventurous appear on the scene. That alone makes them very ripe for the adoption and innovation of matters in the Bitcoin. So I agree, given the often "it's a scam! It's not physical! I don't want to learn!'" type of attitude you'll find the States, it's only a matter of time before China's usage of BTC's outgrows America's.
You are the one who posted the tunnel vision snapshot of recent downloads. I am sorry you bulls look so alike, so that was the response to someone else. Could have been you.
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...
It is huge, actually it is beyond huge...we're talking ginormous. This is not any single TV special, it is a half hour on China's state television channel. It is already and will continue to spark a frenzy of interest in China. But more importantly it is about the the Chinese government tacitly approving of Bitcoin. The Chinese government is immensely powerful, it means that if Western governments try to ban Bitcoin, it will still have a user base in China.
The Chinese love gambling and they love saving, and Bitcoin is great for both. Hence with government approval the stage is set for explosive growth. It is even possible that Bitcoin adoption in China might overshadow adoption in the US.
I still think there'll be new money coming in. I just don't think it'll be huge. That's why I reckon $150 will be the ceiling on this one before a fall back down to $130 by middle/end of the month.
Why so much rage with everyone? Is everyone on hormones/steroids or something?
Why so much rage with everyone? Is everyone on hormones/steroids or something?
they learned their netiquette over at 4chan.
I agree it will take a little time for the Chinese who saw the program get their money into an exchange, so maybe by the end of the week that's coming up we'll see a big rise from it.
I remember reading a post a while ago where someone said x-amount of monies were coming from x-countries.
Is it actually possible to work out/see this data or was this the product of my overly-active imagination?
Is it actually possible to work out/see this data or was this the product of my overly-active imagination?
Would be really interesting to see that if you could remember. I haven't seen that.
In principle I can't think of a method of how to get significant enough data on that.
I remember reading a post a while ago where someone said x-amount of monies were coming from x-countries.
Is it actually possible to work out/see this data or was this the product of my overly-active imagination?
Is it actually possible to work out/see this data or was this the product of my overly-active imagination?
Gentlemen, stop it, we all that my penis is the biggest anyway.
ok thenpics or it didn't happen
Gentlemen, stop it, we all know that my penis is the biggest anyway.
Yes I did business there for close to 6 months.
So STFU! haha sorry but seriously.
So STFU! haha sorry but seriously.
You are posting from an unknown forum account with 25 posts.
Am I supposed to take your word for that?
Yes, but those sites need to buy Bitcoins,too.
As ElectricMucus said, they already have.
so everyone in China already knew about bitcoin before this CCTV event?
LOL. Everyone that matters at this point.
Have you ever even been to China before? Obviously not or you'd realize how ignorant/stupid that comment was. BTC is relatively nonexistent in China, I would bet by per capita measures USA is easily serval multiples higher in terms of exposure and awareness to bitcoin
Have you?
Yes I did business there for close to 6 months. My mandarin is meh. Please don't act like an expert when you're talking about something you have no clue about. Further more, as far as your wallet comment about how China's increase in adoption is insignificant:
Since 2008 240,000 download
140,000 of them happened in 2013
93,000 of them happened since March
76,000 of them happened since April
36,000 of them happened in May
23,000 of them happened in the last 12 hours...
So STFU! haha sorry but seriously.
I think this summer will be mindblowing...
All the mainstream media news, Cyprus bank issues (remember Cyprus is just a little island)
All the mainstream media news, Cyprus bank issues (remember Cyprus is just a little island)
Yes, but those sites need to buy Bitcoins,too.
As ElectricMucus said, they already have.
so everyone in China already knew about bitcoin before this CCTV event?
LOL. Everyone that matters at this point.
Have you ever even been to China before? Obviously not or you'd realize how ignorant/stupid that comment was. BTC is relatively nonexistent in China, I would bet by per capita measures USA is easily serval multiples higher in terms of exposure and awareness to bitcoin
Have you?
I still think there'll be new money coming in. I just don't think it'll be huge. That's why I reckon $150 will be the ceiling on this one before a fall back down to $130 by middle/end of the month.
Why so much rage with everyone? Is everyone on hormones/steroids or something?
Why so much rage with everyone? Is everyone on hormones/steroids or something?
Mucus is a troll. Also, emotions run wild when positions fail.
I still think there'll be new money coming in. I just don't think it'll be huge. That's why I reckon $150 will be the ceiling on this one before a fall back down to $130 by middle/end of the month.
Why so much rage with everyone? Is everyone on hormones/steroids or something?
Why so much rage with everyone? Is everyone on hormones/steroids or something?
Jump to: