Warning to bears: Big players in China - page 3.

ElectricMucus

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Quote from: oakpacific on February 25, 2013, 04:36:49 AM

Quote from: ElectricMucus on February 25, 2013, 04:28:21 AM

Quote from: oakpacific on February 25, 2013, 04:25:57 AM

Quote from: SomeWhere on February 25, 2013, 03:46:02 AM

On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

What's interesting is btcchina had always traded at lower than Mt.Gox price, until recently.

take into account the rising yuan.

Btcchina displays the rate in both currencies.

Care for a link? I'd like to check that myself. I only see the yuan prices on their site.

oakpacific

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Quote from: ElectricMucus on February 25, 2013, 04:28:21 AM

Quote from: oakpacific on February 25, 2013, 04:25:57 AM

Quote from: SomeWhere on February 25, 2013, 03:46:02 AM

On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

What's interesting is btcchina had always traded at lower than Mt.Gox price, until recently.

take into account the rising yuan.

Btcchina displays the rate in both currencies.

ElectricMucus

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Quote from: oakpacific on February 25, 2013, 04:25:57 AM

Quote from: SomeWhere on February 25, 2013, 03:46:02 AM

On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

What's interesting is btcchina had always traded at lower than Mt.Gox price, until recently.

take into account the rising yuan.

ElectricMucus

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The spread between different currencies and mtgox usd is usually related to volatility.

basically non-mtgox-usd < mtgox-usd < mtgox-other < non-mtgox-other. This has been pretty much consistent mostly and if you take into account how arbitrage works it makes sense.

oakpacific

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Quote from: SomeWhere on February 25, 2013, 03:46:02 AM

On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

What's interesting is btcchina had always traded at lower than Mt.Gox price, until recently.

molecular

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Quote from: SomeWhere on February 25, 2013, 03:46:02 AM

On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

Yep. Do you recall when it changed? It was trading only marginally higher last year.

Is the rally driven by non-US people mainly?

molecular

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Quote from: adamstgBit on February 25, 2013, 12:25:15 AM

lol

bulls grasping at straws, Grin

cool

I bet you're having a good time with all that renewed hope and your bet looking good. Enjoy!

SomeWhere

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On a related note, the BTC trades usually for 1-2 EUR higher on bitcoin.de.

Nemesis

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Quote from: notig on February 25, 2013, 12:36:42 AM

From what I've read... I think macao is a huge potential for bitcoin. Why? Because they have issues with getting money back and forth across the chinese border. I read that they basically have to get paid once they are back in china since they can't bring money across the border or something.

If anything Hongkong should be the next largest exchange.

Bringing money from and to mainland is never a problem in HK. And HK has the best banking network with the Western. If BTC needs to grow in China, HK is the hub for it.

oakpacific

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Quote from: dree12 on February 25, 2013, 01:42:02 AM

Quote from: jl2012 on February 25, 2013, 01:14:06 AM

Quote from: oakpacific on February 25, 2013, 12:44:06 AM

Very well-informed article, and I could supplement it with the following picture, the Google trend for the Chinese phrase of "bitcoin":

You need to look at Baidu trend since google is blocked by the Chinese government.

http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

The Baidu trend is still at about 60% of the 2011 bubble. However, it has increased by 4-time since 2013, with the peak during Avalon shipping.

While looking at this I learned that red means "up" in China. Interesting.

That's true.

dree12

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Quote from: jl2012 on February 25, 2013, 01:14:06 AM

Quote from: oakpacific on February 25, 2013, 12:44:06 AM

Very well-informed article, and I could supplement it with the following picture, the Google trend for the Chinese phrase of "bitcoin":

You need to look at Baidu trend since google is blocked by the Chinese government.

http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

The Baidu trend is still at about 60% of the 2011 bubble. However, it has increased by 4-time since 2013, with the peak during Avalon shipping.

While looking at this I learned that red means "up" in China. Interesting.

ElectricMucus

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Quote from: jl2012 on February 25, 2013, 01:15:56 AM

Quote from: ElectricMucus on February 25, 2013, 01:09:35 AM

Quote from: niko on February 25, 2013, 12:49:00 AM

Add to the list that the so far only two groups to successfully deploy mining ASICs are both based in China.

They are probably responsible for the exchange volume during the current bubble.

If the selling pressure in China is high, the rate at btcchina should be lower than gox. However, it's 4% over gox, which means buying pressure is even higher.

They received USD which probably got converted in yuan when pitpay issued them a IBAN transfer so yeah..
If they want to get BTC they'd have to buy in yuan.

jl2012

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Quote from: ElectricMucus on February 25, 2013, 01:09:35 AM

Quote from: niko on February 25, 2013, 12:49:00 AM

Add to the list that the so far only two groups to successfully deploy mining ASICs are both based in China.

They are probably responsible for the exchange volume during the current bubble.

If the selling pressure in China is high, the rate at btcchina should be lower than gox. However, it's 4% over gox, which means buying pressure is even higher.

jl2012

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Quote from: oakpacific on February 25, 2013, 12:44:06 AM

Very well-informed article, and I could supplement it with the following picture, the Google trend for the Chinese phrase of "bitcoin":

You need to look at Baidu trend since google is blocked by the Chinese government.

http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

The Baidu trend is still at about 60% of the 2011 bubble. However, it has increased by 4-time since 2013, with the peak during Avalon shipping.

ElectricMucus

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Quote from: niko on February 25, 2013, 12:49:00 AM

Add to the list that the so far only two groups to successfully deploy mining ASICs are both based in China.

They are probably responsible for the exchange volume during the current bubble.

Cluster2k

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For Chinese citizens going to Macau to gamble, bringing enough money with them presents a problem.

http://emergingmoney.com/china/macau-casino-pawn-shop-lvs-mpel/

"Because of capital controls imposed by the Chinese government, Mainland citizens coming to the Macao Special Administrative Region are only allowed to bring in 20,000 RMB, or a little over $3,000. "

"Pawn shops in Macau allow Chinese residents to use debit cards to purchase high-end merchandise such as rolexes, then immediately re-sell the good back to the pawn shop for cash. The pawn shop takes a nominal fee and the gambler has managed to acquire the cash necessary for gambling."

niko

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There is more to Bitcoin than bitcoins.

Add to the list that the so far only two groups to successfully deploy mining ASICs are both based in China.

oakpacific

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Very well-informed article, and I could supplement it with the following picture, the Google trend for the Chinese phrase of "bitcoin":

notig

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From what I've read... I think macao is a huge potential for bitcoin. Why? Because they have issues with getting money back and forth across the chinese border. I read that they basically have to get paid once they are back in china since they can't bring money across the border or something.

oakpacific

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Quote from: jl2012 on February 25, 2013, 12:20:23 AM

Quote from: ElectricMucus on February 25, 2013, 12:18:41 AM

Newsflash! New exchanges increase in volume.

cool story bro tell it again.

It's not new. It has been running since July 2011

You can't wake up someone who pretends to be asleep, even when it's an earthquake. Wink

Topic: Warning to bears: Big players in China - page 3. (Read 5157 times)