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Title: If/when China gets on board with Bitcoin, price could skyrocket. Post by: SPC_Bitcoin on October 02, 2013, 06:02:08 AM Sure there may be risk, but there could be huge profits and hedging.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131002000037&cid=1102 I see this as a good sign. Quote The rise of the digital currency Bitcoin is in no small part because of China's market, says a report on the website of Economic Information daily, a business journal operated by Xinhua. The list price of Bitcoin on FXBTC, a China-based platform for the currency, was 765.7 yuan (US$125.08) against the Bitcoin on Sept. 28. Though the numbers look promising, the virtual currency is not issued by the central bank and thus is not as reliable as the public might think. Some investors have suffered substantial losses from severe fluctuations, said the report. Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: Pumpkin on October 02, 2013, 10:37:20 AM China should eventually attempt to dethrone the USD from the world reserve currency status. However, maybe it's too early for them and they're trying to quietly acquire gold/silver/bitcoin in the meantime...
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: polarhei on October 09, 2013, 07:42:50 AM The country is now doing something like that if the debt cannot be paid.
Currently China is still looking on these mathematical issues as CCTV aired about it. Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: fattypig on October 11, 2013, 01:13:00 PM Hurray, but hope they don't come out with super computer to compete with us..
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: Libin on October 14, 2013, 02:43:03 AM china is getting on board now!
the price on btcc is 874 CNY (~143 usd), mtgox is 148.7usd, bitstamp only 137usd Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: viboracecata on October 14, 2013, 03:03:29 AM There are lots of billionares among Chinese.
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: balanghai on October 14, 2013, 03:05:39 AM They are on board already and they are going to kick somebody's ass. Well it will be a game changer. :-)
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: Leehoya on October 15, 2013, 01:08:53 AM Hopefully they don't destroy it..
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: hulk on October 15, 2013, 01:41:46 PM Oh man, here we go, Bitcoin to the moon :)
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: sootedtho on October 15, 2013, 04:54:49 PM whoop lets go...
150+ by weeks end cmonnnnn ;D ;D ;D Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: AU on October 15, 2013, 08:42:02 PM whoop lets go... 150+ by weeks end cmonnnnn ;D ;D ;D we there.. going way up friend :) Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: theonewhowaskazu on October 16, 2013, 04:26:02 AM I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.)
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: justusranvier on October 16, 2013, 04:33:58 AM I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.) Top four daily closing prices ever:2013-04-09: $230.00 2013-04-08: $187.50 2013-04-10: $165.00 2013-04-07: $162.30 Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: p2pbucks on October 16, 2013, 04:43:25 AM we are en route ;D
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: theonewhowaskazu on October 16, 2013, 04:45:26 AM I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.) Top four daily closing prices ever:2010-04-09: $230.00 2010-04-08: $187.50 2010-04-10: $165.00 2010-04-07: $162.30 Wait, 2010? The bubble popped one day after the 230.00 close. After that point we've never closed above $180. This would be the first time (I believe once we closed above $160, but maybe even $170 would be a new closing high disregarding the tip of the bubble). Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: justusranvier on October 16, 2013, 04:47:22 AM Wait, 2010? oops.The bubble popped one day after the 230.00 close. After that point we've never closed above $180. This would be the first time (I believe once we closed above $160, but maybe even $170 would be a new closing high disregarding the tip of the bubble). The highest post-bubble close is $165. We hit a daily high of $166.43 on April 24th, but closed at $154.20.Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: Leehoya on October 16, 2013, 10:26:23 AM Baidu just accepted bitcoins so expect to see increase in bitcoin difficulty and price :)
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: erikspoon on October 16, 2013, 11:26:43 AM or the Chinese gov would decide it doesn't really like that the citizens can actually use money without the big brother watching and would start the regular course of chasing people around to stop it...
p.s. it doesn't matter that Bitcoin is distributed system the Chinese gov can just block the internet itself (remember a few years back the hijacked around 60% of of all the communication around the world?) Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: hulk on October 16, 2013, 01:15:15 PM The price already skyrocket. Its going up non-stop until it hit $1000.
Title: Re: If/when China gets on board with Bitcoin, price could skyrocket. Post by: peonminer on October 16, 2013, 10:13:23 PM Because MTGOX doesn't exist...
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