Topic: Chinese bears vs USA bulls, which one will win over? (Read 1710 times)

In all fairness, the chinese exchanges have a degree of manipulation that dwarfs US exchanges, just like that of corruption comparison in both sides.

Yep. Zero fee Chinese exchanges will simply be ignored once a regulated US exchange with heavy depth comes onboard.

If that's what you think about bitcoin why don't you dump what you have for whatever you can get for it as quickly as possible?

there are countless exchanges in Euro and people from europe buy with euro cuz that's what they have. So the reality is: the demand from europe is less than tradevolume of course. So i think demand (fresh money) from all of european continent right now shouldn't be more than few hundred coins every day.

And that's a continent with half a billion inhabitants.

Chinese tradevolume is fake. Transaction and adress numbers are fake. All the numbers are faked to look good.
There is really no demand for this inflation-shitshow right now.

Bitcoins dilemma is: the people who could be dumb enough to buy it aren't intelligent enough to use it and the people intelligent enough to use it are not dumb enough to buy it.

So what we are left here with are:
-some early adopters promoters who need to sell to you (permabulls)
-some druglords, pedobears and scammers who use it for it provides some functional value for them
-some people who got caught in the last hype and bubble over its novelty and now wait to get out (that's me)

the only value bitcoin provides is pump and dump value for some whales

I'm sure loads of europeans trade on exchanges like bitstamp where the prices are in dollars. I doubt there are many exchanges where you can trade the euro against bitcoin besides the kraken (which also has a BTC/USD market).

As a Chinese,I can only say that volume could be fake, why? Many traders dropped out while the volume keep going up? I'm not stupid.

The next bitcoin boom phase will be driven by the USA.

Or so I suspect, at least.

We've just seen large investments in US-based bitcoin companies by savvy VC firms. Circle and Coinbase are both saying that they're going to make bitcoin easier for people to acquire and use. I'm sure they'll be successful in that, but they're also probably targeting next-gen uses of the blockchain (see Naval Ravikant, Co-founder/CEO of Angellist's "The Internet of Money": http://startupboy.com/2013/11/07/bitcoin-the-internet-of-money/ ). Seeing some real apps along those lines will drive another wave of excitement, and convince yet another slice of the populace that bitcoin has merit and is here to stay.

Along the way, someone is going to solve the money-transmission licensing problem. The reason we don't have any solid US-based exchanges is due to state-by-state MTL requirements, and specifically, the surety-bond coverage requirements for businesses to obtain such licenses. Either Coinbase, Circle, or some new well-funded entity will go through the expensive work of getting the licenses, or start a fund/company that's knowledgeable about bitcoin and willing to underwrite the bond coverage. Solving this problem will lead to much better liquidity in the US, and allow for some of the next-gen services outlined above, as well as advanced trading and hedging.

That leads to the beginning of real integration with Wall St. It seems like they're *starting* to shift from completely mocking bitcoin to dipping their toes in the water. They need *much* better liquidity to do anything significant, but unleashing real US exchange platforms will make that possible. Additionally, vehicles like SecondMarket's Bitcoin Investment Trust are already proving popular, and that trend will continue. The potential issue of near/medium term regulatory uncertainty was removed with last month's senate hearings, and further financial integration and products will come as a result, in due time.

In any event, these things are all inter-related and tend to snowball. The hard parts of getting the ball rolling and reducing regulatory uncertainty have already happened.

China can do what they want; I think it's far more likely that the US ends up housing the most robust and sophisticated bitcoin ecosystem.

the west is insignificant in bitcoin trades. China controls the lions share of the trade of the token. So the muricans need to understand: they lost this game to the east (didn't hold, sold it all to china). Now live with it lovely delusional american obese white trash ...


CNY is where it's at


last 24h tradevolume:

CNY: 460k coins
USD: 33k coins
EURO: 1500 coins
RUR: 300 coins (insignificant russian market)

these numbers are what's normal trading action these days. China had 1300% more volume than the western exchanges. That's the norm now.
You americans think of yourself as way more important than what you actually are.

You also see from these numbers:

Whole of European continent doesn't even trade 50% of daily inflation of the coins (3600 new coins every day)
So since nobody is interested in the coins price keeps going down thanks to (not) brilliant fundamental idea of satoshi to give it big inflation.

But most of you don't even have half a brain

...
Big inflation? Are you aware that bitcoin has exponentially reducing inflation? Of course you know that the inflation was twice as 'big' before the last halving?
...

But back in the real world we all know that no fee trading for Chinese exchanges means the volume is entirely meaningless.

Big inflation? Are you aware that bitcoin has exponentially reducing inflation? Of course you know that the inflation was twice as 'big' before the last halving?

At least try and troll with some grasp of the facts.

Do you know those 460K coins are mostly faked through exchange bots? How naive you are to trust their numbers? I talked with several Chinese, even themselves don't believe in their trading volume.

the west is insignificant in bitcoin trades. China controls the lions share of the trade of the token. So the muricans need to understand: they lost this game to the east (didn't hold, sold it all to china). Now live with it lovely delusional american obese white trash ...


CNY is where it's at


last 24h tradevolume:

CNY: 460k coins
USD: 33k coins
EURO: 1500 coins
RUR: 300 coins (insignificant russian market)

these numbers are what's normal trading action these days. China had 1300% more volume than the western exchanges. That's the norm now.
You americans think of yourself as way more important than what you actually are.

You also see from these numbers:

Whole of European continent doesn't even trade 50% of daily inflation of the coins (3600 new coins every day)
So since nobody is interested in the coins price keeps going down thanks to (not) brilliant fundamental idea of satoshi to give it big inflation.

But most of you don't even have half a brain