Bitcoin price increase attributed to rising Chinese demand for cryptocurrency

[BTCC_Official]

Thought you guys might be interested in this TV interview about bitcoin's recent price increase:

https://www.youtube.com/watch?v=V3z-VXbk9_o

[Yakamoto]

I kind of like that video. Nothing related to fear mongering, mostly completely factual information, decent amounts of speculation and stuff to get the mind thinking about, good representation overall imo.

I'm a bit more interested in seeing what else comes out of this news channel, since it seems like they actually know what they're talking about and not acting like a lot of western media.

[BTCC_Official]

Yep, news is not as commercialized in other countries, as it is in the US.

[MingLee]

Looks like they did a good job, I kind of skipped through it but it looked a lot like a "Bitcoin 101" from what I did see, which isn't necessarily a bad thing for most people.

I'm more curious as to why a majority of it was in English instead of Chinese, but I could be missing something and it was just a voiced-over translation, considering how you said it was a TV interview in what I would assume was China.

[RocketSingh]

Thought you guys might be interested in this TV interview about bitcoin's recent price increase:

https://www.youtube.com/watch?v=V3z-VXbk9_o

I like to see Bobby talking. Absolutely no nonsense factual talks...

[JasonXG]

It looks like more and more people are accepting bitcoin. I think in China they will be paid better if they paid in bitcoin and they migh t pay little or even no tax. No banking fees or large transfer fees and its quick and easy. Remember they a pool country so dealing with money in an easy way like bitcoin makes a lot of sense.

[ufaiz50]

i like and interested with this chanel they are broad-minded about bitcoin and China one of the countries driving the price of bitcoin

Thought you guys might be interested in this TV interview about bitcoin's recent price increase:

https://www.youtube.com/watch?v=V3z-VXbk9_o

I like to see Bobby talking. Absolutely no nonsense factual talks...

i like too 

[BTCC_Official]

Looks like they did a good job, I kind of skipped through it but it looked a lot like a "Bitcoin 101" from what I did see, which isn't necessarily a bad thing for most people.

I'm more curious as to why a majority of it was in English instead of Chinese, but I could be missing something and it was just a voiced-over translation, considering how you said it was a TV interview in what I would assume was China.

Many people in larger Chinese cities like Shanghai understand English, having learned it to get ahead at work or in business. So there are quite a few major English-language TV stations.

[olubams]

For me, all the explanation for the increase in the price of Bitcoin or its decrease is most likely a part of the explanation or even a coincidence and not necessarily the absolute explanation. what if we now have a situation of low price, could we also attribute to the fact that Chinese people no longer believe in Bitcoin, thereby dumping it...

[Kakmakr]

For me, all the explanation for the increase in the price of Bitcoin or its decrease is most likely a part of the explanation or even a coincidence and not necessarily the absolute explanation. what if we now have a situation of low price, could we also attribute to the fact that Chinese people no longer believe in Bitcoin, thereby dumping it...

We rarely get good information from the Chinese and most of it is translated into bad English, so this is a breath of fresh air. The Chinese will have more bitcoins in circulation on their exchanges because most of it is mined there and they have zero trading fees on their exchanges.

So NO, I do not think that they are dumping bitcoins. They are just closer to the source. ^smile^ 

[davis196]

Thought you guys might be interested in this TV interview about bitcoin's recent price increase:

https://www.youtube.com/watch?v=V3z-VXbk9_o

What price increase?

The price decreased from 748$ to 730$ during the last few days.

I`m still waiting for the huge price increase and it isn`t coming.

[~Bitcoin~]

What price increase?

The price decreased from 748$ to 730$ during the last few days.

I`m still waiting for the huge price increase and it isn`t coming.

Don't look at short period graph, better you look at long term trend price have jumped from $400 to over $700 within last few months.

Thought you guys might be interested in this TV interview about bitcoin's recent price increase:

https://www.youtube.com/watch?v=V3z-VXbk9_o

More like promotion for BTCC rather than discussion/news regarding bitcoin price surge. 
But video is nice.

[BTCC_Official]

We thought the community would be interested in the video.

[Red Fish]

Most Bitcoin users are from USA, China only have Bitcoin mining farms and cheap mining farm building costs. Chinese people can not switch to Bitcoin, because Internet in China is local type, not international. Only may be some official staff can go worldwide via Web. Therefore Bitcoin demand can not be due to Internet restriction.

[BTCC_Official]

Most Bitcoin users are from USA, China only have Bitcoin mining farms and cheap mining farm building costs. Chinese people can not switch to Bitcoin, because Internet in China is local type, not international. Only may be some official staff can go worldwide via Web. Therefore Bitcoin demand can not be due to Internet restriction.

Anyone in China can go onto the internet...

[macedoniantable]

Nothing to look at here...
move along...

no increase happened if anything it has gone down.

[franky1]

More like promotion for BTCC rather than discussion/news regarding bitcoin price surge. 
But video is nice.

I do not think that they are dumping bitcoins. They are just closer to the source. ^smile^ 

[Wind_FURY]

I agree with franky1's view on this. Do not listen to those guys they have their own self interest and agenda and that comes first for them.

In the final part of the video it said that the Bank of China is planning to create a blockchain for "digital Yuan". It also mentioned that it is based in Bitcoin's technology. So will it use Proof of Work?

[Carpeaux]

then why isn't the price increasing even more if the situation swill is the same?

[traderethereum]

its interesting video, but i will only view it and not thinking too much about that video. let the market and the people choose what will they want with the price of bitcoin. actually i don't trust any news beside of what is happen in the market and from the buy order and sell order on the market.