Topic: Chinese bears vs USA bulls, which one will win over? - page 2. (Read 1710 times)

My impression was China was more bullish than the Western traders.
Eventually Chinese sentiment will create the trend so I will go with the Chinese bears.

If one doesn't then we might as well all go home. I assume the Bitlicence will open the way to something worth trusting.

I'm looking forward to the present generation of exchanges turning into irrelevant dust very soon. They're not good enough.

In the long term, bet on the Chinese.

If such exchange appears rather than when.

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

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


US will be the driving force in 2015 and beyond.

According to my observation, most Chinese bitcoin traders are seriously bearish towards the market right now. Why? Because in China, there happens a contagion of bearish sentiment everywhere. 1) The Chinese economy is slowing down to 7% and see no signal of acceleration. 2) The political elites are flighting for power instead of for the economic growth. 3) The RMB is suffering from severe depreciation pressure and 4) Chinese government banned any fiat cashflow into the bitcoin. So there is no new money in China.

While in the USA, the traders are sharing some bullish sentiment towards bitcoin. Why? Because 1) The economy is gaining traction and grew 5% Q-O-Q; 2) Global hot money needs to find a way to ride on the strong dollar index and bitcoin is a perfect tool for the hot money to repatriate into USA. (Legal way means tax for hot money.) 3) This winter is warm and storm-free, which means 1Q15 will have stellar GDP and all risky assets will sky-rocket by the end of 1Q15! 4) The inflow channel of fiat is legal and thriving in the USA with successful exchanges. More friends and families will have a chance to buy a little bit bitcoin.

I personally believe that US traders will dominate the Chinese ones, although Chinese traders can collaborate with their exchange bots to manipulate the price. Why? Because the Wall Street is on our side. Some hedge funds will relocate their assets towards bitcoin from Jan 1st 2015 and well connected traders may already be aware of that. And think why Buffet warned about bitcoin, because he knows something we don't, something like that a billionaire will open a bitcoin fund soon and steal Berkshire's investor base, etc...

So if you are one of the US traders, buy the dip during US night while Chinese bears and their exchange bots attack. And let our long positions destruct their faked short positions! Long live the USA!