116 million

[gentlemand]

I based my estimates on this information: http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/
and this http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
Also there are many other articles around the web that point me toward this conclusion.

Quoting from the coindesk article

"In September 2013, approximately one CNY trade was carried out per three USD trades. At the moment, the situation is quite different, as CNY accounts for more than two thirds of all deals and on most days it outpaces the dollar by a ratio of at least 1:3."

Every single USD trade, apart from the occasional special offer, is subject to a fee. It's inevitable that there'll be less of them because it costs to buy and sell.

If it doesn't cost you a bean to switch between BTC and CNY then you'll be trading like a mad person.

That's trade volume, not coin ownership. It could be one coin being batted around thousand of times a second.

[Q7]

Well, the size of funding speaks for itself. If weren't because of what bitcoin technology has to offer, I'm sure nobody would be putting that sum of money for investment. It's been a month now since the announcement, just hope that by now they would have come out with something.

[Somekindabitcoin]

I could have sworn it was more than 116 million. Saw this post I think a few weeks ago that it was 166 million including IBM's contribution.

[LiteCoinGuy]

http://www.coindesk.com/21-record-116-million-funding-all-star-investors/

Get ready for the "They don't believe in bitocin because they did not buy bitcoin directly" spamming 

take some time and study this:

http://www.coindesk.com/state-of-bitcoin-q1-2015-record-investment-buoys-ecosystem/

[ashour]

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local  equivalent services. I am not sure if PayPal even available in China.

What's the basis for that figure? The really large amounts in individual hands will have been mined long before China ever knew about Bitcoin.

If you're basing it off exchange volume, we all know how skewed they are in China because of zero fees and probable outright lies. There's probably no shortage of foreigners using them too.

I'm sure a big proportion of coins are in Chinese hands, but the reality is probably more modest than many think.

I based my estimates on this information: http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/
and this http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
Also there are many other articles around the web that point me toward this conclusion.

I'm really interested to see on what they are going to use all the funds. I mean 116 million isn't pocket change, its a huge funding  and they should make the best product with that amount for funding.

[tokeweed]

http://www.coindesk.com/21-record-116-million-funding-all-star-investors/

Get ready for the "They don't believe in bitocin because they did not buy bitcoin directly" spamming 

The sad part is that it probably cause little movement. And people just won't react to positive news at all. I feel like our community only reacts to bad or pseudo-bad news and just miss the great and groundbreaking positive news... Price of bitcoin can be good indicator of this trend.

What!?

How is it that a falling price is the fault of the community?  Because we're scared to lose money on a falling Bitcoin??  Is the falling price even our fault and what we want in the first place?

Just let the price take care of itself.  That's outside the community's control.