Title: a continued inspection of China Post by: zhangweiwu on March 11, 2014, 12:26:01 PM I endeavoured to travel hundreds miles away to Xi'an for last weekend's bitcoin event ( www.yangyang.tv hosted it). Given time I'd write a full report, but in this forum of speculators a few words of sentiments should suffice.
I am only covering a free-to-enter meeting in Xi'an (not nearly as cosmopolitan as Shanghai). The upcoming event in Beijing ( http://www.globalbtcsummit.com ) should offer a chance to have a good look at other players who can afford to pay the 3,800CNY entrance fee (around one bitcoin at the current price), if I can manage to see through Beijing's trademark smog. Big change from 2013: in the past most exchanges run incognito like BTC-E, now most run under a company umbrella. I should not be surprised if interest returns to Bitcoin later this year, as mercurial as Chinese players may be. P.S. In this forum I have fine records of previous speculative opinions. e.g. I bet the price had the gloomy outlook built-in before the Chinese-new-year's dead-line issued by central government, and speculators are wait for nothing. It turns out the price is indeed flat in the days around the deadline. Title: Re: a continued inspection of China Post by: Alonzo Ewing on March 11, 2014, 08:21:41 PM So is it true that the Chinese govt has given implied approval of Bitcoin trading/buying/selling given the fact that the exchanges are seeing heavy volume?
Title: Re: a continued inspection of China Post by: threecats on March 11, 2014, 08:26:16 PM Thanks for the information, please keep posting!
Title: Re: a continued inspection of China Post by: Siegfried on March 12, 2014, 12:19:31 AM I endeavoured to travel hundreds miles away to Xi'an for last weekend's bitcoin event ( www.yangyang.tv hosted it). Given time I'd write a full report, but in this forum of speculators a few words of sentiments should suffice.
I am only covering a free-to-enter meeting in Xi'an (not nearly as cosmopolitan as Shanghai). The upcoming event in Beijing ( http://www.globalbtcsummit.com ) should offer a chance to have a good look at other players who can afford to pay the 3,800CNY entrance fee (around one bitcoin at the current price), if I can manage to see through Beijing's trademark smog. Big change from 2013: in the past most exchanges run incognito like BTC-E, now most run under a company umbrella. I should not be surprised if interest returns to Bitcoin later this year, as mercurial as Chinese players may be. Can you please explain what you mean by "only a few are geeks, and that many non-geek participants in the Xi'an event look as if they scrapes by"? Title: Re: a continued inspection of China Post by: aminorex on March 12, 2014, 12:36:08 AM Can you please explain what you mean by "only a few are geeks, and that many non-geek participants in the Xi'an event look as if they scrapes by"? I am not zhangweiwu, who can speak for himself, but I think he means that the demographic was bimodal: (1) Techies, who are generally above the mean in income and wealth, and (2) gamblers, who are generally below the mean in income and wealth. Title: Re: a continued inspection of China Post by: zhangweiwu on March 12, 2014, 02:06:00 AM I am not zhangweiwu, who can speak for himself, but I think he means that the demographic was bimodal: (1) Techies, who are generally above the mean in income and wealth, and (2) gamblers, who are generally below the mean in income and wealth. True. That is my reading. Techies don't consider themselves rich, but that's because they ignores the poor. Title: Re: a continued inspection of China Post by: Bit_Happy on March 12, 2014, 02:47:39 AM I endeavoured to travel hundreds miles away to Xi'an for last weekend's bitcoin event ( www.yangyang.tv hosted it). Given time I'd write a full report, but in this forum of speculators a few words of sentiments should suffice.
I am only covering a free-to-enter meeting in Xi'an (not nearly as cosmopolitan as Shanghai). The upcoming event in Beijing ( http://www.globalbtcsummit.com ) should offer a chance to have a good look at other players who can afford to pay the 3,800CNY entrance fee (around one bitcoin at the current price), if I can manage to see through Beijing's trademark smog. Big change from 2013: in the past most exchanges run incognito like BTC-E, now most run under a company umbrella. I should not be surprised if interest returns to Bitcoin later this year, as mercurial as Chinese players may be. I'd like to read more when you have time. Title: Re: a continued inspection of China Post by: zhangweiwu on March 12, 2014, 03:38:19 AM So is it true that the Chinese govt has given implied approval of Bitcoin trading/buying/selling given the fact that the exchanges are seeing heavy volume? It is true that Chinese govt has given implied approval of Bitcoin trading/buying/selling given the fact that most exchanges are operating now under real companies/personages. About trade volume: They are major players speaking. In the top-4 exchanges' speakers, 3 of them are either co-founder or CEO, with exception of OKCOIN who sent a customer-service manager to speak. Out of the top-4 exchange's speakers, one accused their competitors of fake trade volumes, one hinted so. Ironically, the accuser looks terribly untrustworthy. If I am to predict a weak link in the chain, I would bet him (a co-founder of huobi, name's Zhu Jun). This very personage also, in an apparent move to discredit competitors, said that [because no one has the integrity] every company would use customer's money when they are losing the game, only winners can keep fiduciary obligation. The safe way is [not to go with honesty but] to go with the winner - and needless to say his company reports highest trade volume. The audience seems to agree with him under the MtGox saga (they are losing so they decided to violate the trust), not awaring that he is begging the question. What is more interesting is that Mr Zhu's competitiors look admiring him and hoping to get an exuberant bold speaker like him on their side. Very interesting. It takes a westerner's view of the world up-side-down. Title: Re: a continued inspection of China Post by: Siegfried on March 12, 2014, 04:18:35 AM Will you be attending the Beijing Bitcoin Conference?
Title: Re: a continued inspection of China Post by: zhangweiwu on March 12, 2014, 04:22:34 AM Will you be attending the Beijing Bitcoin Conference? Expected to be in Beijing around that time anyway, I may pay a visit, but I expect not very fruitful result. The 3,800CNY ticket will frighten off even the rich investors. We (Chinese) watch our wallets tighter than Jews (referring to the legend version of Jews) and we only spend large on displaying social status (buying lux brands and not removing the label). There will not be many people buying entrance (referring to the Chinese sense of "not many people"). Roger Ver is described as being invited to the meeting. For such a down-to-the-earth man I can feel his surprise on seeing only rich investors around. Title: Re: a continued inspection of China Post by: Siegfried on March 12, 2014, 04:30:53 AM Will you be attending the Beijing Bitcoin Conference? I think I will, but I expect not very fruitful result. I don't mind the 3,800CNY ticket, but I believe this ticket will frighten off even the rich investors, as we Chinese watch our wallets tighter than Jews (referring to the legend version of Jews). There will not be many people buying entrance (referring to the Chinese sense of "not many people"). Maybe we should organize a free conference across the street at the same time for the ordinary people. |