Will you Chinese cause another BOOM?

[NiceSoft12]

Now that your country is not so opposed to BTC and we know you love Gold and USD.  Come on get into Bitcoin, litecoin, darkcoin, many nice commodities!   

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[Wei H]

Yeah, maybe, China is really a rich country with lots of richs, but, please don't expect us, we're not stupid.

[Pab]

I dont think so that China so much love usd,thay are to inteligent for that

[Amph]

it seems that once again they are behind the last pump, so they will definitely be the main factor for the next pump

if you think about it, global adoption can occur even if only chinese begin to use bitcoin massively, they are more than 1B after all

[Mickeyb]

Chinese are involved in everything today, not just Bitcoin wise! The thing is that we don't realize that at all but Chinese work really is everywhere we look at nowadays.

In the same way, I think that Chinese involvement into a Bitcoin will stay huge in the near future. Their sheer size of the country is allowing them to do so, to be involved everywhere.

That's why it's very important that Chinese government has soften their stance on Bitcoin lately! And yes, they will probably cause next run up! 

[bitlancr]

Well I do believe that China has a lot to do with how the market of bitcoin moves

So yes I think they are a part of causing these pumps

[randy8777]

china, that's where the big money is. they love to take a mortgage or a loan of a few hundred k to invest it in their stock exchange. if they invest 10% of that money in bitcoin, then you'll see the price go up to what we right now consider unrealistic price levels.

[HarryKPeters]

Now that your country is not so opposed to BTC and we know you love Gold and USD.  Come on get into Bitcoin, litecoin, darkcoin, many nice commodities!   

Lol why do you think bitcoin is being where it is right now..

Yes the chinese.. They control the largest mining pools, exhanges and.. bitcoins..

On a side note.. they are already in.. who is causing this current price rise, Poetin? Obama? or some very wealthy chinese investors...?

[talks_cheep]

China is the proverbial bull in the China shop, when it comes to bitcoins. There's no other quite like it. I keep waiting for India to get in, but they just don't want to. There's cheap electricity in India but it's hot there. So, you have to rule out mining in India. No mining, no bitcoin buy-in, is that it?

[n2004al]

Now that your country is not so opposed to BTC and we know you love Gold and USD.  Come on get into Bitcoin, litecoin, darkcoin, many nice commodities!   

As I told in another my post from China and Chinese people can be waited everything. A people and a country which within 30 years passes from a very poor country in an super powerful economic and soon political one mean much. Even more. Mean extremely much. Now they compete only with United States. It is something impossible. But not for them.

Two years ago no one or only few people in China knew bitcoin and mining. Today the biggest mining pools (and more than 50% of all the mining pools) are in China, the overall numbers of Chinese who mine are the most big figure in this direction. The most big bitcoin capital market is the Chinese market. They were the only country which were able that with its demand to increase the price of bitcoin more than 100% within a week. And may be even more other data connected only with bitcoin that I don't have in mind this moment and cannot mention there. Everything within two years.

Don't be surprised if can be other surprises from that people. Strange and to make "fear" people.

[NorrisK]

Now that your country is not so opposed to BTC and we know you love Gold and USD.  Come on get into Bitcoin, litecoin, darkcoin, many nice commodities!   

Lol why do you think bitcoin is being where it is right now..

Yes the chinese.. They control the largest mining pools, exhanges and.. bitcoins..

On a side note.. they are already in.. who is causing this current price rise, Poetin? Obama? or some very wealthy chinese investors...?

A handfull of chinese is already in. It still needs to be adopted by most of them, jsut like in other countries. But once the ball starts rolling there, the impact will be much bigger than when it starts rolling in USA or Europe.

Also, India may go an play a big role in bitcoin. Many of the ASIC production is outsourced there, so it might catch on.

[traderbit]

I think that it is an closed/secret group which show up time by time.
If they think that its the time to cause another boom they will do it.
They have a good power to pump and dump the bitcoin price.

[Denker]

Now that your country is not so opposed to BTC and we know you love Gold and USD.  Come on get into Bitcoin, litecoin, darkcoin, many nice commodities!  

It is right that china is buying a lot of gold!
Since the last official numbers (2009) China holds at least 1054 tonnes of gold. Expect that to be more as for 6 more years have passed and no new numbers are available.
Concerning the USD however, China is dumping it!
A few months ago I remember China dumped $94 billion in US treasurys in one month!

And yes with the next rally china will play a major rule I'm sure about that!

[Nimbulan]

i think the only question is time when people from china will start investing hard all their funds to bitcoins i think that they are really intelligent people and will do this step when they will can that will mean a big price increase for sure

[hunnaryb]

CNY added to the IMF Basket is possibly a good sign for Bitcoin. Will wait and see..

[BitAurum]

It won't be only china that will cause the next BOOM. It will be the the entire world when bitcoin gets mainstream.

[albert73]

It was China driving the rally above 400 last might. Every move the Chinese exchanges made was followed by the Bitstamp, except Bitstamp lagged behind by 20 ot 30 dollars. The crash afterwards was at bedtime for China, and was probably caused by Chinese traders profit taking before sleep. If there's another BOOM the Chinese will cause it.

[richardsNY]

It was China driving the rally above 400 last might. Every move the Chinese exchanges made was followed by the Bitstamp, except Bitstamp lagged behind by 20 ot 30 dollars. The crash afterwards was at bedtime for China, and was probably caused by Chinese traders profit taking before sleep. If there's another BOOM the Chinese will cause it.

China at this point is the most important market for Bitcoin. Most likely all bull runs and rallies will be due to China. I hope we will stay steady at over $400 for a month at least.

[helloeverybody]

China puts it up, then when they sleep everyone else puts it back down

[mobnepal]

China puts it up, then when they sleep everyone else puts it back down

Haha you are quite right. I think chinese also get tensed when they wakeup and see dump on the price. Chinese may adapt bitcoin as currency rather than adapting USD.