China : The next price bump

[ElectricMucus]

Yes, but those sites need to buy Bitcoins,too.

As ElectricMucus said, they already have.

so everyone in China already knew about bitcoin before this CCTV event?    LOL.

Everyone that matters at this point.

proof?

Not exactly. You can't prove this either way, but you can use common sense.
They are reporting on Chinese already involved in BTC and their stories, plus a little bit of what goes on overseas.

I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins.

whats more relevant are the client DL stats from today that have it up from 10k to 30k and the top country being China with 42% of all downloads.

http://sourceforge.net/projects/bitcoin/files/stats/timeline

Nice tunnel vision you have there.
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2008-11-09+to+2013-05-04

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[bitcon]

Yes, but those sites need to buy Bitcoins,too.

As ElectricMucus said, they already have.

so everyone in China already knew about bitcoin before this CCTV event?    LOL.

Everyone that matters at this point.

proof?

Not exactly. You can't prove this either way, but you can use common sense.
They are reporting on Chinese already involved in BTC and their stories, plus a little bit of what goes on overseas.

I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins.

whats more relevant are the client DL stats from today that have it up from 10k to 30k and the top country being China with 42% of all downloads.

http://sourceforge.net/projects/bitcoin/files/stats/timeline

Nice tunnel vision you have there.
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2008-11-09+to+2013-05-04

my stats are the ones that coincide with the China CCTV news. try harder.

[ElectricMucus]

my stats are the ones that coincide with the China CCTV news. try harder.

These are the same stats on an all time graph, there is nothing to "try" I'm just showing you the facts.
You can also look at this picture, china is represented correctly as place 2.

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2008-11-09%20to%202013-05-04

[kooke]

All this talk about China being a price bump is temporary. Once the hosh posh wears off in a few hours/days, the price will be back to $80 or lower.

[anu]

China was in on it on the way to 266. It's the gambling culture over there that's interested, buy low sell high... they are in it for the extra yuan.

Even if all they do is gamble, they need to buy in first to start gambling.

They already have.

All of them?

[ElectricMucus]

China was in on it on the way to 266. It's the gambling culture over there that's interested, buy low sell high... they are in it for the extra yuan.

Even if all they do is gamble, they need to buy in first to start gambling.

They already have.

All of them?

I guess you ask them.

[bitcon]

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

[ElectricMucus]

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

True, but it was you who brought that up.
You're back-peddling.

[bitcon]

the sourcefourge DL graph isn't the "end all, be all" gauge" to predict Bitcoin investors/price anyways. Because:

1. You don't need the client to be an investor.

2. there are other sources to obtain the client.

True, but it was you who brought that up.
You're back-peddling.

no, i believe it was you who brought it up in post #19.  may i refresh your memory?  here:

ElectricMocos:

"I suggest you also look at the client downloads and node statistics from way back.
What also helps is look through the descriptions of the process a potential Bitcoin user goes through, you can also remember your own... As I said downloading the client is a far way from buying coins."

[ElectricMucus]

You are the one who posted the tunnel vision snapshot of recent downloads. I am sorry you bulls look so alike, so that was the response to someone else. Could have been you.


All in all this whole thing is ridiculous. The time when a single TV special causes people to freak out was when we were in the lower single digits.
Now that we have seen press coverage on an almost daily basis this is something of a minor curiosity. In fact that current prices are remotely sustainable pretty much requires a continuation. And if that stops, run...

[Geist]

All this talk about China being a price bump is temporary. Once the hosh posh wears off in a few hours/days, the price will be back to $80 or lower.

I very much doubt it. The fear of yesterday is nothing compared to the greed of the population of the 3rd largest economy in the world. And it will make everyone else in the world greedy. I'm guessing we'll see a massive rally come Tuesday.

[DavidBAL]

Yes, but those sites need to buy Bitcoins,too.

As ElectricMucus said, they already have.

so everyone in China already knew about bitcoin before this CCTV event?    LOL.

Everyone that matters at this point.

Have you ever even been to China before? Obviously not or you'd realize how ignorant/stupid that comment was. BTC is relatively nonexistent in China, I would bet by per capita measures USA is easily serval multiples higher in terms of exposure and awareness to bitcoin

[Inedible]

I still think there'll be new money coming in. I just don't think it'll be huge. That's why I reckon $150 will be the ceiling on this one before a fall back down to $130 by middle/end of the month.

Why so much rage with everyone? Is everyone on hormones/steroids or something?

[humanitee]

I still think there'll be new money coming in. I just don't think it'll be huge. That's why I reckon $150 will be the ceiling on this one before a fall back down to $130 by middle/end of the month.

Why so much rage with everyone? Is everyone on hormones/steroids or something?

Mucus is a troll. Also, emotions run wild when positions fail.

[ElectricMucus]

Yes, but those sites need to buy Bitcoins,too.

As ElectricMucus said, they already have.

so everyone in China already knew about bitcoin before this CCTV event?    LOL.

Everyone that matters at this point.

Have you ever even been to China before? Obviously not or you'd realize how ignorant/stupid that comment was. BTC is relatively nonexistent in China, I would bet by per capita measures USA is easily serval multiples higher in terms of exposure and awareness to bitcoin

Have you?

[wobber]

I think this summer will be mindblowing...

All the mainstream media news, Cyprus bank issues (remember Cyprus is just a little island)

[DavidBAL]

Yes, but those sites need to buy Bitcoins,too.

As ElectricMucus said, they already have.

so everyone in China already knew about bitcoin before this CCTV event?    LOL.

Everyone that matters at this point.

Have you ever even been to China before? Obviously not or you'd realize how ignorant/stupid that comment was. BTC is relatively nonexistent in China, I would bet by per capita measures USA is easily serval multiples higher in terms of exposure and awareness to bitcoin

Have you?

Yes I did business there for close to 6 months. My mandarin is meh. Please don't act like an expert when you're talking about something you have no clue about. Further more, as far as your wallet comment about how China's increase in adoption is insignificant:

Since 2008 240,000 download

140,000 of them happened in 2013

93,000 of them happened since March

76,000 of them happened since April

36,000 of them happened in May

23,000 of them happened in the last 12 hours...

So STFU! haha sorry but seriously.

[ElectricMucus]

Yes I did business there for close to 6 months.
So STFU! haha sorry but seriously.

You are posting from an unknown forum account with 25 posts.
Am I supposed to take your word for that?

[Frozenlock]

Gentlemen, stop it, we all know that my penis is the biggest anyway.

[ElectricMucus]

Gentlemen, stop it, we all that my penis is the biggest anyway.

ok then
pics or it didn't happen