Topic: CNN: Money is flying out of China - page 3. (Read 2744 times)
Chinese money is flying that's why we are getting chance to ride on bitcoin price. We may attain new ATH in next year and i strongly believe on it as this time rise in price has reason to justify, Chinese are buying.
Money is flying out of China
On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.
Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.
http://money.cnn.com/2015/12/07/news/economy/china-foreign-exchange-reserves-shrinking/index.html
On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.
Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.
http://money.cnn.com/2015/12/07/news/economy/china-foreign-exchange-reserves-shrinking/index.html
I bet that most of the money out of China are going in the form of bitcoin. If are measured or known such transactions (or amounts) or not this is another thing. But all this monetary activity and all that existing demand in China for bitcoin cannot be not reflected in such kind of activity. Who know how many Chinese people will want to hide their money from the tax system or only to not be known by no one their savings or earned amounts of money.
The biggest trading volume is not coming from China, Coinbase had 142,463 BTC traded today, and BtcChina only 97,865 bitcoins. { In the last 24 hours }
The capital controls cannot be the reason for this movement alone, there must be something bigger coming. The Chinese are smart people, and if they moving loads of bitcoins,
we should investigate a little further.
The capital controls cannot be the reason for this movement alone, there must be something bigger coming. The Chinese are smart people, and if they moving loads of bitcoins,
we should investigate a little further.
That might explain the huge volumes at OkCoin and Huobi. I only think the majority of the money that is flowing out of China is being invested ultimately in real estate, and stocks.
well right from the first pump, China is behind it because of their capital control law and this cause many consequences. And here we are with the price of bitcoin at 450 
I personally guessed this. Well so americans may start selling low in somewhere to take profit and exit.
(Just like old jump)
(Just like old jump)
Thats probably why when you look at www.fiatleak.com all the bitcoin seems to be going to china, its crazy but good for bitcoin.
but good for bitcoin. 
I'm not surprised, it's actually really smart of them to do. Instead of spending all the money when business is booming, they are making a back up.
Just in case something happens with their economy, they will still have a buffer to fall back on.
Just in case something happens with their economy, they will still have a buffer to fall back on.
Yes this might be one of the reasons why chinese exchanges are running like hell since weeks.
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
The volume in Chinese exchange cannot be taken seriously. There are 0% fee there. So the volume is 100 times than it should be.
Yes this might be one of the reasons why chinese exchanges are running like hell since weeks.
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Greece is kind of a different case. The crisis had already hit when bitcoin came in. In China, there were many business uportunities that sparked the interest to begin adopting bitcoin. In Greece however, there are no interesting bitcoin startaps giving locals any more reason to use bitcoin instead of cash money electronic transfers.
Yes this might be one of the reasons why chinese exchanges are running like hell since weeks.
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
This is probably the reason why we see the rise of bitcoin price. China is at it again Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Yes this might be one of the reasons why chinese exchanges are running like hell since weeks.
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Good for Bitcoin!The chinese aren't that dumb or naive as the greeks.
When shit hits the fence you have to be prepared!Or better to feather one's own nest!
Money is flying out of China
On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.
Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.
http://money.cnn.com/2015/12/07/news/economy/china-foreign-exchange-reserves-shrinking/index.html
On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.
Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.
http://money.cnn.com/2015/12/07/news/economy/china-foreign-exchange-reserves-shrinking/index.html
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