[2014-04-12] Chinese Investors Divorce Bitcoin, Threshold Value Breached

[aliceHortrex]

http://cointelegraph.com/post/chinese_investors_divorce_bitcoin_threshold_value_breached#.U0lJ4a1_tD8

[bryant.coleman]

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.

[cr1776]

One bitcoin was "worth just $391.05". 

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

[jbrnt]

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?

[bryant.coleman]

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?

[jdun]

If this were true then the Chinese have a buy high and sell low mentality. That sounds promising.

[Bit_Happy]

If this were true then the Chinese have a buy high and sell low mentality. That sounds promising.

That mentality exists in many countries. 

[BitOnyx]

This image is kinda funny

Every action is going to have its own logo now hehe

[bryant.coleman]

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.