Bitcoin Forum

A chinese group has purchase the site bitcoins4currency.com and they are paying 10% over bitcoins price, Their strategy is to hold the maximum of bitcoins out of the market for those who remain in the market to increase the price(less coins, high price), bitcoins is turning a commoditie speculation, what you guys think of about it?

those US dollars are starting to surface quickly

can feel the sharks starting to circle on China's US dollar holdings already I hope they know what they are doing








http://media.thereadystore.com/mktg/blog/shark-attack.jpg

Considering that there's over $10 billion USD marketcap, and over $20 million USD traded every day, this investment group would need to have serious capital to affect the market.
Also, paying 10% over is retarded no matter how you slice it.

If they owned 100% of bitcoins, bitcoins would be worth 0.

They shouldn’t stockpile them. They should trade with them. Use them as currency to buy/sell goods&services.  It is this that would increase the value of bitcoin.

China has 3.3 Trillion dollars in US holdings you think they are going to care how much Bitcoin they hold when the US dollars catch on fire.


http://www.noisypost.com/wp-content/uploads/2011/08/dollar-fire-39450434.jpg

The Chinese politicians are just trying to get their friends and family through the doors before the next %1000 jump in price. Screw the worthless USD, the Chinese have printed $15 TRILLION in Yuan in the last 6 years. There are still $100s of Billions to get out of China before history repeats itself there, and all the connected Chinese know it all too well. And the stupid West is strengthening the Yuan... The Chinese will take it, they certainly can't manage anymore real estate in Canada, Australia, or the US.

Pretty clear now that Bitcoin will be the official currency for the ultra rich, and the rest of us will have Peso's or National Currency issued by the central banks. When it was revealed a couple of months ago that the Chinese had printed $15 Trillion Yuan, the toilette paper analogy became obsolete.  As the USD strengthens the US and British banks will be printing like never before.

Bitcoin is now becoming both the risk and the opportunity. It's looking like it'll be the black swan that ends the economy for 5-10 years. I know what side of it I'm going to be on.

That is with an alternative now out there to the IMF 'fiat' where they aren't all relative to each fiat currency printing to the moon, so it's all the same relatively... Relative becomes irrelevant with Bitcoin as an alternative. You see, the world, and especially market capitalism, need the central banks to paper over the business cycles so the economics of markets will at least appear less volatile.
If bitcoin gives the real money a way out of the merry go round, then our market economies are f*cke}. Why do you think they've been pounding down gold, there can be no alternative, or the relative insanity becomes irrelevant to each individual actor, and as each individual pulls out to the alternative, then the fiat merry go round has no power to keep actual exchange of value going within it. This is bad at a systemic level. The global economy will almost certainly crash now. We BTC holders will be able to buy shit cheap, or go to jail for holding BTC. The rich will want our BTC though (probably why we'll go to jail while their British Virgin Island BTC servers will insulate the money families of yore). Interesting paradox.

lol

China having any influence in anything is just hilarious. Don't base any financial means on what the Chinese are doing

fake story.

Chinese will quick USA as s  in few years, they arent fools anymore.

A chinese company purchases a site hosted on a free website builder hosting?
And plans to buy all the BTC?

Can I laugh?


Edit:
Website registered on the 1st , your account on the 2nd , you only talk about this website in your posts..

I smell a f*   scam =)))

the evidence is increasing that China is making some fundamental mistakes which are going to dictate the future of their people

we can try and help them but you have to help yourself really to get out of a mess before its too late

it seems a SCAM  to me.   >:(

What a great way to scam.  Offer a 10%  higher price, deliver a few real real pieces of fiat, then take in large amounts of BTC and never pay out.  A perfect way to play on peoples inner greed.  A shame that this works. 

its not a scam, they change more than 500 btc every day, im a costumer form this site.

Common , you're such a moron I can't even imagine you how you can think of scamming like this

You own a crappy website , on a crappy shared webhost , your whois can reveal your lies and you keep posting only about this subject like a broken watermill , this is so suspicious even a 4 yo old would laugh.

Strong work...smells like urine in asparagus season...