Topic: We might break $1000 before the end of year because of the number 8 (Read 6580 times)
November 27, 2013, 11:09:50 PM
TO THE MOON
November 27, 2013, 10:37:50 AM
It just did...
November 17, 2013, 06:33:27 PM
i hope that BTC will hit
November 17, 2013, 10:14:21 AM
November 17, 2013, 10:10:14 AM
I wonder if this would happen to USD, you know the debts is uncontrollable..
US dollars will go directly to their e-Heaven (or e-Hell, who knows)...
So, unlike Weimar marks (or Zimbabwean dollars for that matter
), they will be pretty useless for anything! 
November 17, 2013, 10:02:44 AM
Zimbabwe used their currency as toilet paper, I heard rumours that the currency is cheaper then the toilet paper 
In Germany after WWI ovens were fueled with actual banknotes because firewood of the same weight cost more...
I wonder if this would happen to USD, you know the debts is uncontrollable..
November 17, 2013, 09:48:52 AM
So here's my silly theory. The Chinese are really into numerology, with 8 being a very lucky number. As I'm writing this, BTC is 2454 CNY (on BTC CHINA) or $402USD.
I'm thinking that we're going to go to 8888 CNY or $1459USD before we see fireworks.
Can anyone with knowledge of Chinese culture share their insight on the 8's?
Thanks.
EDIT:
Trying not to get this post moved to "Speculation" I found this old Wall Street Journal article online just now.
Chinese Investors Crunching Numbers Are Glad to See 8s
Linked to Good Luck, They Influence Stock Picking; A Real Buy at 8.08 Yuan
http://online.wsj.com/news/articles/SB117994449875112338
I'm thinking that we're going to go to 8888 CNY or $1459USD before we see fireworks.
Can anyone with knowledge of Chinese culture share their insight on the 8's?
Thanks.
EDIT:
Trying not to get this post moved to "Speculation" I found this old Wall Street Journal article online just now.
Chinese Investors Crunching Numbers Are Glad to See 8s
Linked to Good Luck, They Influence Stock Picking; A Real Buy at 8.08 Yuan
http://online.wsj.com/news/articles/SB117994449875112338
Yeah I give u insight. 8 really only for house number, telephone number, floor number, ie something really personal yeah. also, other numbers luck too u know like 9 for instance. I don;t buy the 8888 theory. anyway, i bet 99.9837% know anything about bitcoin other than the price they bought it at. it is bubble ok, ratiionalis all you want.
edits I mean 99.9827% of all chinese investors
November 17, 2013, 08:17:50 AM
Zimbabwe used their currency as toilet paper, I heard rumours that the currency is cheaper then the toilet paper
In Germany after WWI ovens were fueled with actual banknotes because firewood of the same weight cost more...
November 17, 2013, 08:06:11 AM
If there was any credibility to this then we should be able to find evidence in Chinese stock prices when they approach 8's and 4's.
I doubt it matters enough to leave any noticeable sign
I doubt it matters enough to leave any noticeable sign
Do it.
It is doubtful that the BTC price will be driven only by such a small factor. Supply and demand are far more important. The bitcoin price going up continuously means that there are many people wanting to use Bitcoin as a store of value, that can only mean that if supply keeps as it is, the price will explode upwards. If the Chinese buy as a store of value, the value will only go up. It is funny that using bitcoin as a store of value makes it a better one.
November 17, 2013, 07:15:21 AM
Lee says there aren’t many use cases for Bitcoin in China beyond investment and speculation. “China is lagging behind in terms of use cases for businesses, unlike the U.S. and the Western world,” says Lee. “We recognize that and it’s ok. When China’s ready, we’ll be there to serve that market.”
*Bows down to Bobby Lee*
China is about keeping things cheap.
I mean no one likes to get a yuan that is all dirty, but they have bank cards for this. Furthermore, you won't be able to use bitcoins at the smaller places where you are likely to get a dirty yuan note. Those smaller shops won't be able to afford bitcoin terminals or to run a computer 24/7 without the risk of someone running off with their laptop. Theft is common...
I've been to China, and those dirty notes, well you don't know where they have been. My western tour group made fun of the fact that it may have been used as toilet paper as it is a luxury in China's public toilets. So my opinion is that the uptake in China will be severely limited even without government intervention. If the government intervenes, we can only guess what disaster awaits.
Either way, I trust Bobby Lee's judgment.
Zimbabwe used their currency as toilet paper, I heard rumours that the currency is cheaper then the toilet paper
November 17, 2013, 06:14:41 AM
Thats a lame reason to hit $1,000. I will give you a better reason.......
November 17, 2013, 04:30:14 AM
Starting to think you might be right...but for the wrong reason.
November 16, 2013, 10:33:57 AM
What is this about? some lucky number or something?
November 15, 2013, 04:58:58 PM
If there was any credibility to this then we should be able to find evidence in Chinese stock prices when they approach 8's and 4's.
I doubt it matters enough to leave any noticeable sign
I doubt it matters enough to leave any noticeable sign
November 15, 2013, 06:27:56 AM
When I read about wine investing i found information that in china give someone a bottle of Lafite '08 is very decorous. And the key reason is the 8 symbol:
http://www.decanter.com/news/wine-news/504530/lafite-08-bottles-to-feature-chinese-symbol
http://www.decanter.com/news/wine-news/504530/lafite-08-bottles-to-feature-chinese-symbol
November 15, 2013, 05:33:56 AM
Chinese love 4 more then 8.... so its $4444 CNY...
4 is die in chinese, so DIE DIE DIE DIE....
November 14, 2013, 10:39:22 AM
Chinese love 4 more then 8.... so its $4444 CNY...
November 14, 2013, 08:35:51 AM
8-8-88
...
Half life 3 confirmed
...
Half life 3 confirmed
November 14, 2013, 06:46:47 AM
My western tour group made fun of the fact that it may have been used as toilet paper as it is a luxury in China's public toilets
Laughing my ass off!
November 14, 2013, 06:17:22 AM
Lee says there aren’t many use cases for Bitcoin in China beyond investment and speculation. “China is lagging behind in terms of use cases for businesses, unlike the U.S. and the Western world,” says Lee. “We recognize that and it’s ok. When China’s ready, we’ll be there to serve that market.”
*Bows down to Bobby Lee*
China is about keeping things cheap.
I mean no one likes to get a yuan that is all dirty, but they have bank cards for this. Furthermore, you won't be able to use bitcoins at the smaller places where you are likely to get a dirty yuan note. Those smaller shops won't be able to afford bitcoin terminals or to run a computer 24/7 without the risk of someone running off with their laptop. Theft is common...
I've been to China, and those dirty notes, well you don't know where they have been. My western tour group made fun of the fact that it may have been used as toilet paper as it is a luxury in China's public toilets. So my opinion is that the uptake in China will be severely limited even without government intervention. If the government intervenes, we can only guess what disaster awaits.
Either way, I trust Bobby Lee's judgment.
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