China : The next price bump - page 6.

ElectricMucus

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Quote from: Birdy on May 04, 2013, 02:15:21 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.

Why do they need to download the clients then?

Seeing what this curiosity is all about. What this does is helping to establish a bottom, not make the prices rise.
People who are downloading the client are far from buying coins.

Birdy

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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.

Why do they need to download the clients then?

Quote

No, they can short. Wink

Yes, but those sites need to buy Bitcoins,too.

Okey they could bet without buying something, but that wouldn't influence the BTC price at all and they wouldn't need to download clients for that.

Frozenlock

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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.

No, they can short. Wink

bitcon

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Activity: 2212

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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.

Did you actually read the translation of the CCTV piece? It's not exactly what I would call "bullish".
In fact they even conclude that it's a bubble at the end.

i read this, and i call it bullish Grin

cheers

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

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

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.

Birdy

sr. member

Activity: 364

Merit: 250

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.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Frozenlock on May 04, 2013, 02:08:49 PM

How does that work? I win if I take the longest, right?

I think so.

Frozenlock

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How does that work? I win if I take the longest, right?

ElectricMucus

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Marketing manager - GO MP

Quote from: Crazy on May 04, 2013, 02:03:37 PM

This China hype machine is roaring now.

Bulls grasping yet another straw.

Crazy

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This China hype machine is roaring now.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

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.

Did you actually read the translation of the CCTV piece? It's not exactly what I would call "bullish".
In fact they even conclude that it's a bubble at the end.

Inedible

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Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

After the CCTV (Chinese TV station) broadcast their Bitcoin documentary, I believe the price will rise to approximately $150 within the next 10 days.

The price rise won't come into effect till end of next week as it'll take time for people to read and understand about Bitcoin before putting money into the system. Putting money into the system will take time too.

Despite the number of users signing up from China, the volume of each user will be lower due to lower incomes.

See you at the top...

Edit: The reason why I don't think there will be a massive increase in price is because the people that bought near the top of the last spike will be looking to exit and might just be looking to limit their losses.

Some Fun

For China is a country that will bring us to our knees.

http://www.youtube.com/watch?v=58mE7Vy1Xrc

Or if that's blocked in your country, try this one:

http://www.youtube.com/watch?v=ikOvrPmsYDw (this one was performed infront of the Queen of England)

Topic: China : The next price bump - page 6. (Read 7825 times)