The one has sold their coins yesterday, you would better buy them back

[HorseRider]

CCTV-2, the most influential financial television channel in China, has reported bitcoin for half an hour yesterday. the report is very detailed and objective. One of the central bank consultant give some no-hostile, objective opinion over bitcoin. In conclusion, you can take this as Bloomberg or CNN or FOX give a 30 minutes in 20:30, and back in 2011 of America, with a very friendly attitude, with only minor mention of the investment risk and bubble burst blabla at the end of the section. Yes.  THIS IS HUGE.

You can see that the spread between RMB market and USD market increase again, and by the news from largest local bitcoin forum, btcman.com, more than 2,000 new users registered in half an hour after the report.


http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7

[HorseRider]

Just look at the local search trend of bitcoin. Our little baby Bitcoin will just not stop growing stronger and stronger.

http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

[Crypt_Current]

Do not listen to him. CCTV smoCCTV... dump all your coins before it is too late.... suckers.

Now that sounds like greed. 
What are we supposed to do when greed is apparent again?  I forgot

[Frozenlock]

Any chance to have a link to the video?

[nwbitcoin]

Is this the video you are talking about?

http://english.cntv.cn/program/bizasiaamerica/20130413/103298.shtml

[HorseRider]

Is this the video you are talking about?

http://english.cntv.cn/program/bizasiaamerica/20130413/103298.shtml

no, it is this one. http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7

[notme]

Thanks for the tip.  Looks like btcchina is leading again with $112 bitcoins.

[Frozenlock]

Wait... China had a 30 min Bitcoin report, while in Europe, Canada and USA we can't get past 5 minutes?!

[AmazonStuff]

CCTV-2, the most influential financial television channel in China, has reported bitcoin for half an hour yesterday. the report is very detailed and objective. One of the central bank consultant give some no-hostile, objective opinion over bitcoin. In conclusion, you can take this as Bloomberg or CNN or FOX give a 30 minutes in 20:30, and back in 2011 of America, with a very friendly attitude, with only minor mention of the investment risk and bubble burst blabla at the end of the section. Yes.  THIS IS HUGE.

You can see that the spread between RMB market and USD market increase again, and by the news from largest local bitcoin forum, btcman.com, more than 2,000 new users registered in half an hour after the report.


http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7

BTCChina is currently at $115, thanks for sharing! 

[calian]

Do not listen to him. CCTV shmoCCTV... dump all your coins before it is too late.... suckers.

Vladimir the bear. Cracked me up!

[DavidBAL]

The Chinese redefine the word bubble.. if btc catches on in China, even just a little bit, well... we're gonna need some more coins. Can't understate significance of that market, way more important than coinlab/mtgox cluster fuck imo

[xorglub]

Well, if that is true, bye bye double digits for at least May. And we were expecting a slow week end...

[simonk83]

Nice

[goxed]

CCTV-2 looks like an important chinese channel.

http://en.wikipedia.org/wiki/CCTV-2

[EuroTrash]

Question for you:

for Chinese people living in China, what are the methods of funding their newly created accounts in btcchina.com, and how long does it take for the funds to show up?

I assume these transfer methods are available also in the weekend (e.g. right now) because China never sleeps. Correct?

[jl2012]

Question for you:

for Chinese people living in China, what are the methods of funding their newly created accounts in btcchina.com, and how long does it take for the funds to show up?

I assume these transfer methods are available also in the weekend (e.g. right now) because China never sleeps. Correct?

They can use alipay and tenpay (Chinese version of paypal) and wire

On weekdays, deposit is usually cleared in hours. It may take longer in the weekend.

[EuroTrash]

Question for you:

for Chinese people living in China, what are the methods of funding their newly created accounts in btcchina.com, and how long does it take for the funds to show up?

I assume these transfer methods are available also in the weekend (e.g. right now) because China never sleeps. Correct?

They can use alipay and tenpay (Chinese version of paypal) and wire

On weekdays, deposit is usually cleared in hours. It may take longer in the weekend.

Thanks. If I read you correctly this means that no fresh money has arrived to btcchina yet.
So the price rise in btcchina is due to speculation from existing btcchina users after the CCTV-2 news - same users who dumped yesterday.
Things might change tomorrow or Monday when new depositors' money will be available for trading...

[xorglub]

Exactly. Which creates an interesting situation :
If we manage to hold $100 during the week end and the charts look good on Monday, they will buy, sparking another leg up.
If all the speculation sparks a mini-bubble and the price tanks back to $90, they will be a bit more wary about buying, leading to more downside.

[TsuyokuNaritai]

How free from government influence is this station?

If this news report had to be checked as being OK in tone and content with the Chinese government before transmission, then this is even bigger than it looks. It could suggest China isn't going to clamp down on bitcoin, and might even be moving to encourage China to Buy All The Bitcoins! as they already are with physical gold. Or it could just mean it isn't really on the government's radar yet.

[Le Happy Merchant]

they will be a bit more wary about buying, leading to more downside.

If they sent money in already being wary is probably not a big part of their game plan. I also don't think that newcomers being wary to buy could ever cause downside, because up until recently they didn't even know about Bitcoins.

As far as I can see, this is an enormously bullish signal no matter how you slice it.