Topic: China : The next price bump - page 5. (Read 7825 times)

Quote from: Frozenlock on May 04, 2013, 02:18:07 PM

Quote from: kooke on May 04, 2013, 02:50:34 PM

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? Roll Eyes

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

Geist

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All this talk about China being a price bump is temporary. Once the hosh posh wears off in a few hours/days, the price will be back to $80 or lower.

I very much doubt it. The fear of yesterday is nothing compared to the greed of the population of the 3rd largest economy in the world. And it will make everyone else in the world greedy. I'm guessing we'll see a massive rally come Tuesday.

ElectricMucus

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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...

bitcon

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Quote from: ElectricMucus on May 04, 2013, 02:57:41 PM

Quote from: bitcon on May 04, 2013, 02:56:09 PM

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

True, but it was you who brought that up.
You're back-peddling.

no, i believe it was you who brought it up in post #19. may i refresh your memory? here:

ElectricMocos:

"I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins."

ElectricMucus

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Quote from: bitcon on May 04, 2013, 02:56:09 PM

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

True, but it was you who brought that up.
You're back-peddling.

bitcon

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Activity: 2212

Merit: 1008

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

ElectricMucus

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Quote from: anu on May 04, 2013, 02:52:29 PM

Quote from: ElectricMucus on May 04, 2013, 02:14:49 PM

Quote from: Birdy on May 04, 2013, 02:13:16 PM

Quote from: ElectricMucus on May 04, 2013, 01:58:53 PM

China was in on it on the way to 266. It's the gambling culture over there that's interested, buy low sell high... they are in it for the extra yuan.

Even if all they do is gamble, they need to buy in first to start gambling.

They already have.

All of them?

I guess you ask them.

anu

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Quote from: ElectricMucus on May 04, 2013, 02:14:49 PM

Quote from: Birdy on May 04, 2013, 02:13:16 PM

Quote from: ElectricMucus on May 04, 2013, 01:58:53 PM

China was in on it on the way to 266. It's the gambling culture over there that's interested, buy low sell high... they are in it for the extra yuan.

Even if all they do is gamble, they need to buy in first to start gambling.

They already have.

All of them?

kooke

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All this talk about China being a price bump is temporary. Once the hosh posh wears off in a few hours/days, the price will be back to $80 or lower.

ElectricMucus

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Quote from: bitcon on May 04, 2013, 02:46:13 PM

my stats are the ones that coincide with the China CCTV news. try harder.

These are the same stats on an all time graph, there is nothing to "try" I'm just showing you the facts.
You can also look at this picture, china is represented correctly as place 2.

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2008-11-09%20to%202013-05-04

bitcon

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Quote from: ElectricMucus on May 04, 2013, 02:42:03 PM

Quote from: bitcon on May 04, 2013, 02:37:50 PM

Quote from: ElectricMucus on May 04, 2013, 02:30:50 PM

Quote from: ElectricMucus on May 04, 2013, 02:22:10 PM

Quote from: Frozenlock on May 04, 2013, 02:18:07 PM

Quote from: bitcon on May 04, 2013, 02:37:50 PM

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? Roll Eyes

LOL.

Everyone that matters at this point.

proof?

Not exactly. You can't prove this either way, but you can use common sense.
They are reporting on Chinese already involved in BTC and their stories, plus a little bit of what goes on overseas.

I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins.

whats more relevant are the client DL stats from today that have it up from 10k to 30k and the top country being China with 42% of all downloads.

http://sourceforge.net/projects/bitcoin/files/stats/timeline

Nice tunnel vision you have there.
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2008-11-09+to+2013-05-04

my stats are the ones that coincide with the China CCTV news. try harder.

ElectricMucus

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Quote from: ElectricMucus on May 04, 2013, 02:30:50 PM

Quote from: ElectricMucus on May 04, 2013, 02:22:10 PM

Quote from: Frozenlock on May 04, 2013, 02:18:07 PM

Quote from: ElectricMucus on May 04, 2013, 02:30:50 PM

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? Roll Eyes

LOL.

Everyone that matters at this point.

proof?

Not exactly. You can't prove this either way, but you can use common sense.
They are reporting on Chinese already involved in BTC and their stories, plus a little bit of what goes on overseas.

I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins.

whats more relevant are the client DL stats from today that have it up from 10k to 30k and the top country being China with 42% of all downloads.

http://sourceforge.net/projects/bitcoin/files/stats/timeline

Nice tunnel vision you have there.
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2008-11-09+to+2013-05-04

bitcon

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Quote from: ElectricMucus on May 04, 2013, 02:22:10 PM

Quote from: Frozenlock on May 04, 2013, 02:18:07 PM

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? Roll Eyes

LOL.

Everyone that matters at this point.

proof?

Not exactly. You can't prove this either way, but you can use common sense.
They are reporting on Chinese already involved in BTC and their stories, plus a little bit of what goes on overseas.

I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins.

whats more relevant are the client DL stats from today that have it up from 10k to 30k and the top country being China with 42% of all downloads.

http://sourceforge.net/projects/bitcoin/files/stats/timeline

ElectricMucus

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Quote from: ElectricMucus on May 04, 2013, 02:22:10 PM

Quote from: Frozenlock on May 04, 2013, 02:18:07 PM