expect a set of 3 articles about China situation and a prediction following - page 3.

y3804

sr. member

Activity: 406

Merit: 250

Quote from: zhangweiwu on April 30, 2014, 07:03:24 PM

Quote from: windjc on April 30, 2014, 12:45:13 AM

Well you should tell us your prediction before the third article, but judging from your first paragraph of this article when you said you had been too optimistic, I assume you think its going to get worse.

True, but I wish to find out in which way to get worse and its impact (or lack of) on global market, need to introspect my prediction too, a few more days helps.

Lack of? ..

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: zhangweiwu on April 29, 2014, 09:27:23 PM

I've been guest writing for bitcoinblog.de for a while. The latest article is the first of a serial of 3 articles after 15th April.

http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/

Excellent article. You provide an insight that is both candid and refreshing.

zhangweiwu

sr. member

Activity: 313

Merit: 250

Quote from: windjc on April 30, 2014, 12:45:13 AM

Well you should tell us your prediction before the third article, but judging from your first paragraph of this article when you said you had been too optimistic, I assume you think its going to get worse.

True, but I wish to find out in which way to get worse and its impact (or lack of) on global market, need to introspect my prediction too, a few more days helps.

C. Bergmann

hero member

Activity: 803

Merit: 500

Hallo, editor from bitcoinblog here. I am lucky to publish Zhangs insightful articles, and I am lucky to read you like them.

Currently blockchain.info accepts nominations for the blockchain award, and one category is "most insightful journalist". If you think like me Zhangs articles are the most insightful source of information about one of the most important (price-forming) issue in the temporary bitcoin seen I would be glad if you take some seconds to nominate him.

Just click here https://blog.blockchain.com/2014/04/16/the-first-annual-blockchain-awards/

Thank you

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Quote from: MrBlacky on April 30, 2014, 01:09:50 AM

This supports the idea that something doesn't add up with all this China "ban" thing. If BTC is so small for China then why is the PBOC so concerned with it...
Why do they want the price to go down? Is the PBOC interested in buying BTC ?

This is a great insight and makes good logical sense, but still I am missing the justification for the PBOC behavior.
For instance, in the story with the nightclub, the justification for the official's actions was that they wanted a bigger bribe.

Good question! It feels like someone is trying to take advantage of Bitcoin with all the fud going around and PBOC seems to be a potential culprit. The OP is very informative, thanks.

MrBlacky

newbie

Activity: 41

Merit: 0

This supports the idea that something doesn't add up with all this China "ban" thing. If BTC is so small for China then why is the PBOC so concerned with it...
Why do they want the price to go down? Is the PBOC interested in buying BTC ?

This is a great insight and makes good logical sense, but still I am missing the justification for the PBOC behavior.
For instance, in the story with the nightclub, the justification for the official's actions was that they wanted a bigger bribe.

chunglam

donator

Activity: 229

Merit: 106

Hi OP, would you explore the reason behind the fact that I can still deposit Yaun to Bank of China account of BTC China a few days ago. I plan to deposit more fund because of the arbitrate opportunity between BTC China and Bitstamp although the gap is closing, 2-3% a week ago and now it is only 0-1%

windjc

legendary

Activity: 2156

Merit: 1070

Well you should tell us your prediction before the third article, but judging from your first paragraph of this article when you said you had been too optimistic, I assume you think its going to get worse.

If everything you say is true, its pretty amazing that the PBOC has felt so threatened by this "small" thing called Bitcoin. It seems like Bitcoin should have been below their pay grade. They must be scared as hell of capital flight.

Because their concern over their poor chinese citizens fallng victim to a bad investment really sounds crazy when you suggest that bitcoin is so small in comparison to so many other things. Obviously, "protecting" their citizens was and is an excuse.

R2Pleasent

full member

Activity: 139

Merit: 100

Owner@ CryptoFundingTracker.com

Would you like a handjob now or later?

Siegfried

sr. member

Activity: 266

Merit: 250

You are a wise man.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Great. Further balanced insight into the ChinaFUD situation is needed.

zhangweiwu

sr. member

Activity: 313

Merit: 250

I've been guest writing for bitcoinblog.de for a while. The latest article is the first of a serial of 3 articles after 15th April.

http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/

The prediction will come after the set of 3 articles because it only make sense after readers get a grasp of China's realities.

My previous articles for bitcoinblog.de are here:
http://bitcoinblog.de/category/english/ (look for my name)

It may be possible that I will be slowed by my recent eye problem, that reality happens before I finish the whole set and the prediction.

-----
P.S.
For your information my past records on prediction on China issue were not bad:

Predicted 9th January. PBOC will not ban bitcoin but cripple its operation. Check.
https://bitcointalksearch.org/topic/m.6044999

Predicted 24th March: the PBOC order exists and was unintentionally revealed. Check.
http://bitcoinblog.de/2014/04/03/exclusive-truth-and-rumor-and-chinese-perspective-on-the-situation-of-chinese-exchanges/ (most were blaming the order a rumour by then, I said "That means that we (PBOC) were not sure how to deal with bitcoin in the beginning. Now, though, we have made up our mind: forget it. We will simply force you out of business."

Predicted 4th April: OKcoin will move to Hong Kong. Still waiting for that news.
http://bitcoinblog.de/2014/04/03/exclusive-truth-and-rumor-and-chinese-perspective-on-the-situation-of-chinese-exchanges/

Predicted 10th April: the bottom is in, don’t wait any longer. There will be no dip in price on 15th April.
https://bitcointalksearch.org/topic/m.6153829
Check (real bottom of 350$ occurred that day and repeated the next day - only)

Topic: expect a set of 3 articles about China situation and a prediction following - page 3. (Read 4729 times)