Argentina ready to drive the next Bitcoin price explosion - Beat China ?

[Milotyc]

I don't think Argentina has same deep pockets as the chinese investors have. The chinese pumped a ridiculous amount of money into the bitcoin market. This is a feat that is going to be very hard to match. The only good thing is that since The chinese gov. came down hard on bitcoin exchanges the price hasn't dropped to the original low levels. Nothing like the $30 to $2 drop from a couple of years back.

You never know ... at the moment the Chinese bitcoin exchanges are circumventing the regulation (no payment-provider or bank shall allow to put money into a BTC exchange) by using a voucher system. Seriously, do you think the Chinese government will allow this trick to happen in infinity? Afaik bitcoin is supposed to stop in China before Chinese New Year.
I can imagine another clamp-down and another panic before that date.
Opinions?

My opinion/thought: Everyone in china is hodling regardless of what happens, just like us. Volume on Chinese exchanges dropped drasticly since vouchers, they're not selling out.

[Siegfried]

Some numbers:

• internet users: ~50% but just 25% @ home (cybercafes are really popular)

Not anymore. I think because of widespread adoption of smarthphones, cybercafes are no longer popular as they used to be 4 years ago.

The main problem for adoption in Argentina I think is the lack of exchange service other than localbitcoin. People need somewhere to throw their pesos at and get btc easily. Huge business oportunity that nobody took yet, I can't understand why.

I have read about a bitcoin ATM in Uruguay. I wonder what the border crossing rules are between those two countries. Seems like it would be pretty easy for someone to go across from Buenos Aires to Montevideo and back to get bitcoin.

[Siegfried]

I don't think Argentina has same deep pockets as the chinese investors have. The chinese pumped a ridiculous amount of money into the bitcoin market. This is a feat that is going to be very hard to match. The only good thing is that since The chinese gov. came down hard on bitcoin exchanges the price hasn't dropped to the original low levels. Nothing like the $30 to $2 drop from a couple of years back.

You never know ... at the moment the Chinese bitcoin exchanges are circumventing the regulation (no payment-provider or bank shall allow to put money into a BTC exchange) by using a voucher system. Seriously, do you think the Chinese government will allow this trick to happen in infinity? Afaik bitcoin is supposed to stop in China before Chinese New Year.
I can imagine another clamp-down and another panic before that date.
Opinions?

My opinion/thought: Everyone in china is hodling regardless of what happens, just like us. Volume on Chinese exchanges dropped drasticly since vouchers, they're not selling out.

Not everyone. The smart ones are.

[Kaiji]

I don't think Argentina has same deep pockets as the chinese investors have. The chinese pumped a ridiculous amount of money into the bitcoin market. This is a feat that is going to be very hard to match. The only good thing is that since The chinese gov. came down hard on bitcoin exchanges the price hasn't dropped to the original low levels. Nothing like the $30 to $2 drop from a couple of years back.

You never know ... at the moment the Chinese bitcoin exchanges are circumventing the regulation (no payment-provider or bank shall allow to put money into a BTC exchange) by using a voucher system. Seriously, do you think the Chinese government will allow this trick to happen in infinity? Afaik bitcoin is supposed to stop in China before Chinese New Year.
I can imagine another clamp-down and another panic before that date.
Opinions?

My opinion/thought: Everyone in china is hodling regardless of what happens, just like us. Volume on Chinese exchanges dropped drasticly since vouchers, they're not selling out.

Not everyone. The smart ones are.

That's the only reason I can think of as to why the chinese investors didn't all panic sell. They are being smart and are going to wait out the storm rather than settle for less money than what they started with. But for how long?