Topic: The one has sold their coins yesterday, you would better buy them back - page 3. (Read 8731 times)

I'm not sure I buy the claim that high ranking CCP members hold large amounts of bitcoin. Anything to substantiate this claim?

This is generally true of all governments, they only differ in leadership style.

Yeh yeh yeh yeh yeh.

And saw this before. Looks great. <3 china

How it's written can matter more than what it's written in.

Is btcchina.com built on phpBB and it's still handling smoother than Gox..lol

What is this comment based on?

Buy buy buy!
I have just converted my whole month of salary into Bitcoins!

Soooo....buy now, sell later. OK got it thx

The Chinese Communist Party owns/is the media in China. Everything is state-run, period. Any semblance of free market in China is a facade put in place to give the vague impression that the CCP is not as tyrannical and parasitic as it used to be to international observers and the general Chinese public. The purpose is to placate hatred against the CCP so as to extend that collapsing Party's lifespan. The reality is that everything in China revolves around the personal interests of high ranking CCP members.

What you're seeing here is actually the beginning of a pump and dump by high ranking CCP members by bringing investment into BTC by lower levels of the Chinese public while the cadres that hold huge amounts of BTCs and billions of USD worth of fiat will be the ones who profit.

Also, if you think securing BTCs, BTC companies, and exchanges is perilous over here in the free world, imagine how unrealistic it is to do it in a country where 100% of the Internet is controlled strictly by the CCP.

The CCP is actually a huge mafia organization that seized control of the world's largest and oldest country almost a century ago using the banner of a political party as its front. You would be weary as fuck if you were dealing with the Russian/Italian mafia. The CCP is much larger and much more dangerous.

Don't play the Party's game for them.

Hey goat better buy goats not bitcoins

Looks good. I think this will suffice for a good bounce.

Is there a version of this with English subtitles? My mandarin is sufficient 

I was talking about most governments in general. I agree it's possible China will be different. One of the actual upsides of non-democracy is that they can take the luxury of thinking more than 4 years ahead.

I thnk you are confusing China with Western Governments, they don't behave in the same ways.

That's true. OTOH seeing how the current recession / Euro / banking crisis has been handled I think we can safely trust governments to always make the stupidest, most short-sighted decision possible. They rarely really take action, only reaction. The utility of something new and disruptive like bitcoin will fly right over their head until its way too late.

Really? Not just for exchanges? Please could you elaborate or post a link.

Exactly. Nervous money is still better than no money at all, in terms of market cap.

The pessimist in me is a bit wary about just jumping in on news like this though.

I suspect this is a great arb opportunity for those who are into that kind of thing. If money is flowing into the RNB markets then someone needs to be the ones to translate that into the dollar market.

It's kind of interesting if this is a hit in China though - the Chinese government might actually not mind bitcoin as much as western governments will. They have generally been very open to any technology (like linux) that helps break the largely western-dominated status quo.

Not exactly. It depends on the capacity of btcchina. Like gox, they have been "the victim of their own success" in the past month and have seriously delay in processing deposit. By the way, I have just received my tenpay withdrawal today which means they are working on Saturday.

EDIT: From their website, I think they are working 7 days per week now.