Bitcoin Forum

Economy => Economics => Topic started by: pabloangello on December 07, 2013, 08:52:53 PM



Title: This is what really happened to Bitcoin in China
Post by: pabloangello on December 07, 2013, 08:52:53 PM
Long text but read carefully. Soon we can have big comeback.

http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/

So good opportunity during panic sell.


Title: Re: This is what really happened to Bitcoin in China
Post by: AZIZ1977 on December 07, 2013, 09:42:47 PM
Long text but read carefully. Soon we can have big comeback.

http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/

So good opportunity during panic sell.

I bought some cheap BTC during this panic.


Title: Re: This is what really happened to Bitcoin in China
Post by: CMMPro on December 08, 2013, 02:42:32 AM
Good article...it sums up my thoughts about this correction quite nicely.


Title: Re: This is what really happened to Bitcoin in China
Post by: maurya78 on December 08, 2013, 06:14:45 AM
This is great, thanks for sharing!


Title: Re: This is what really happened to Bitcoin in China
Post by: pand70 on December 08, 2013, 06:28:46 AM
Good article...it sums up my thoughts about this correction quite nicely.

If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.


Title: Re: This is what really happened to Bitcoin in China
Post by: roselee on December 08, 2013, 08:16:41 AM
Good article...it sums up my thoughts about this correction quite nicely.

If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.

sorry but its not a crash even if he said it a 100 times
if you look at the charts
the one in april
there were 20% of the existing bitcoins put in the market for sale
and what happened ? all we saw was a dip back and a slow recovery and slow means in bitcoin times not in stock times
this time with all the bad news
only a 2% of the existing bits went into for sale

that was just a corection nothing more


Title: Re: This is what really happened to Bitcoin in China
Post by: Sharky444 on December 08, 2013, 08:33:25 AM
The article is a great summary of what happened with BTC in the last days.


Title: Re: This is what really happened to Bitcoin in China
Post by: NUFCrichard on December 08, 2013, 01:06:11 PM
Nice article.  I still think it might just be the excuse the market was looking for to make a correction, but I guess we will find out soon enough.


Title: Re: This is what really happened to Bitcoin in China
Post by: sana8410 on April 23, 2014, 06:38:08 AM
 I think all Chinese bitcoin owners are trying to sell all they have and get their money out of the platform, if they don't have a foreign bank account. As far as I know, very few Chinese people have foreign accounts


Title: Re: This is what really happened to Bitcoin in China
Post by: sana8410 on April 23, 2014, 08:49:42 AM
BTC cannot be used to pay for goods and services in China, Transferring a BTC from China to another country has zero effect on the Chinese economy.