Bitcoin Forum

Bitcoin => Press => Topic started by: aliceHortrex on April 12, 2014, 02:23:36 PM



Title: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: aliceHortrex on April 12, 2014, 02:23:36 PM
http://cointelegraph.com/post/chinese_investors_divorce_bitcoin_threshold_value_breached#.U0lJ4a1_tD8 (http://cointelegraph.com/post/chinese_investors_divorce_bitcoin_threshold_value_breached#.U0lJ4a1_tD8)

http://cointelegraph.com/storage/resizer/resize_url/500/?url=http://cointelegraph.com/storage/uploads/view/1226


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: bryant.coleman on April 12, 2014, 04:03:09 PM
Threshold value? There is no threshold value. Some biased journalists would use anything to attack Bitcoin, without caring how much silly their arguments might seem to others.


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: cr1776 on April 12, 2014, 08:34:14 PM
One bitcoin was "worth just $391.05". 

LOL, "just"?????  Do they have no perspective on the last 5 years?



Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: jbrnt on April 12, 2014, 09:08:21 PM
Quote
One bitcoin was worth just $391.05 this morning, as a sell-off by Chinese investors nudged it below the $400 threshold

How did he come to this conclusion? A dip below $400 means Chinese will never buy bitcoin again?


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: bryant.coleman on April 13, 2014, 04:25:01 AM
How did he come to this conclusion? A dip below $400 means Chinese will never buy bitcoin again?

The author is just looking for some silly excuse to tarnish Bitcoin. Before the China boom, the Bitcoin was trading at $300-400 levels. Did that prevented any Chinese from buying it?


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: jdun on April 13, 2014, 04:52:42 AM
If this were true then the Chinese have a buy high and sell low mentality. That sounds promising.


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: Bit_Happy on April 13, 2014, 08:30:12 PM
If this were true then the Chinese have a buy high and sell low mentality. That sounds promising.

That mentality exists in many countries.  :)


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: BitOnyx on April 14, 2014, 01:17:19 PM
This image is kinda funny ;)

Every action is going to have its own logo now hehe


Title: Re: [2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached
Post by: bryant.coleman on April 14, 2014, 01:38:53 PM
If this were true then the Chinese have a buy high and sell low mentality. That sounds promising.

Hopefully they will realize their folly once BTC crosses the $1,000 mark again. But if the Chinese gave up their bitcoin holdings for the fear of arrests or lawsuits, then not much can be expected in future.