Wall Observer - China wall movement tracker

[n8rwJeTt8TrrLKPa55eU]

Get ready for the next ride: Bitcoin ATM on Xinwen lianbo https://bitcointalk.org/index.php?topic=320248.0

Here's the clip (starting around the 1:00 mark):

http://tv.cntv.cn/vodplay/e113334ee1144004bd59a55af704e1f2/860010-1102010100

Thank you both.  This is extremely significant as an implicit seal of approval (or at least as an explicit seal of non-disapproval) from the Chinese government.  Kinda equivalent to the March FINCEN ruling in terms of reducing uncertainty and risk, except applied to China instead of the USA.  It opens the door for a dramatic rise in Chinese adoption, investing, and speculating.

[culexevilman]

Get ready for the next ride: Bitcoin ATM on Xinwen lianbo https://bitcointalk.org/index.php?topic=320248.0

Here's the clip (starting around the 1:00 mark):

http://tv.cntv.cn/vodplay/e113334ee1144004bd59a55af704e1f2/860010-1102010100

Thank you both.  This is extremely significant as an implicit seal of approval (or at least as an explicit seal of non-disapproval) from the Chinese government.  Kinda equivalent to the March FINCEN ruling in terms of reducing uncertainty and risk, except applied to China instead of the USA.  It opens the door for a dramatic rise in Chinese adoption, investing, and speculating.

Looks like the dam just opened...

[chriswilmer]

So quiet...

[adamstgBit]

So quiet...

its late, get some sleep, wednesday you want to be ready to buy. till then chill...
 

[BitThink]

It is also interesting to see the pictures of two bosses of BTCChina published in the Weibo. Maybe they chose this moment (BFL) to keep people's confidence on their exchange.

[foo]

According to reddit, Bitcoin was on CCTV again on Wednesday:

http://www.reddit.com/r/Bitcoin/comments/1pjkx6/chinese_state_news_cctv2_reports_on_bitcoin_again/

And just look at that spike in Wikipedia traffic! Wow!

http://stats.grok.se/zh/latest90/%E6%AF%94%E7%89%B9%E5%B8%81

[SheHadMANHands]

According to reddit, Bitcoin was on CCTV again on Wednesday:

http://www.reddit.com/r/Bitcoin/comments/1pjkx6/chinese_state_news_cctv2_reports_on_bitcoin_again/

And just look at that spike in Wikipedia traffic! Wow!

http://stats.grok.se/zh/latest90/%E6%AF%94%E7%89%B9%E5%B8%81

Ya, Chamath talked about it (video in link)... at least China's potential positioning of Bitcoin to combat the US dollar as the world reserve currency.  Doesn't sound like China will be taking strict regulatory action any time soon.  Seems more strategic for them to support it, at least for the foreseeable future.

Starting ~7:30
http://techcrunch.com/2013/10/29/chamath-palihapitiya-owns-5-million-in-bitcoins-wants-to-own-10-15-million/

[LOADING.READY.RUN]

And just look at that spike in Wikipedia traffic! Wow!

http://stats.grok.se/zh/latest90/%E6%AF%94%E7%89%B9%E5%B8%81

Wow! And on the English Wikipedia it's the 2nd most read article in the last 24 hours:

http://wikipedia.trending.eu/en/24hours.html

Something's brewing!

[billington.mark]

And just look at that spike in Wikipedia traffic! Wow!

http://stats.grok.se/zh/latest90/%E6%AF%94%E7%89%B9%E5%B8%81

Wow! And on the English Wikipedia it's the 2nd most read article in the last 24 hours:

http://wikipedia.trending.eu/en/24hours.html

Something's brewing!

Thats impressive. hopefully an interesting weekend ahead!

[LOADING.READY.RUN]

Thats impressive. hopefully an interesting weekend ahead!

I wouldn't bet weekend, but this lays the foundation for a much larger exposure of BTC to the public, which in turn will lead to increased buying to begin in the next weeks/months.

[thoughtfan]

Thats impressive. hopefully an interesting weekend ahead!

I wouldn't bet weekend, but this lays the foundation for a much larger exposure of BTC to the public, which in turn will lead to increased buying to begin in the next weeks/months.

Love it that this is happening and yet the price is not going bananas!  I am hopeful it will stay that way and grow sustainably (however slowly or quickly that is) rather than going through the roof with a massive correction.  One reason is that the market is bigger, broader and more mature now.  Another is that with hardly any exchange having large orderbooks small market orders move the price substantially. But because all exchanges don't always follow suit to the same degree, rather than getting trigger-happy auto-responses exacerbating large price moves we are tending to get considered responses.  I am not saying massive quick price boosts or freefall are no longer possible but I get the impression we're better protected against them happening at a whim - and I think the margin trading at Bitfinex is also helping with this regard.

If I'm right in this respect the consequence should be that more of those finding out about Bitcoin for the first time now are likely to be able to get in and get involved with small amounts at around today's prices so we get better distribution rather than panic buying on a fast rise only for the whales to cause a big correction and cream the extra coins for themselves.

[adamas]

http://stats.grok.se/zh/latest30/facebook
2013-10-30 views: 2249

http://stats.grok.se/zh/latest30/bitcoin
2013-10-30 views: 223

http://stats.grok.se/zh/latest30/litecoin
2013-10-30 views: 140

[wachtwoord]

If I'm right in this respect the consequence should be that more of those finding out about Bitcoin for the first time now are likely to be able to get in and get involved with small amounts at around today's prices so we get better distribution rather than panic buying on a fast rise only for the whales to cause a big correction and cream the extra coins for themselves.

In the end it won't make a difference. The roller-coaster makes it interesting and gives us all some entertaining tales to tell when we're old. I know I have a couple already

[vokain]

interesting... in reference to the Bitcoin Xianwen Lianbo appearance

It is all rather odd. China still has capital controls, so it is strange that the regime would endorse something that allows those controls to be evaded.

I thought the same. Why tell the people about an decentralized money that would allow economic freedom, unless its a trap?
Maybe they will open up a state monitored exchange? It will act as a fish net, and show who doesnt 100% believe in the state economy.

Or China understands that it could become the greatest super power ever. With a huge labor force and control of a lot of resources, they have few bottlenecks. Their leader is intelligent enough to understand that communism fails.  What if they love Bitcoin? They believe it the end all be all. A truly transparent economic system that would allow their country to reach its full potential.

My feeling is that the location of the robocoin atm in question (Vancouver) is significant to the story's coverage on XinwenLianbo.

Despite official capital controls, the party and business elite hold huge amounts of money outside of China and Vancouver is an epicenter for that activity. If you live anywhere in the pacific northwest, you feel this. The PRC's cash is sloshing around and squirting out the seams wherever it can... Just take a gander at the Vancouver condo market sometime to get an inkling.

I think this is very much an indicator that it is okay(ish) to incorporate BTC into one's personal gray market capital flight if one has family, business, or associates in BC...

[Zangelbert Bingledack]

There are a lot of Chinese in Vancouver. It'd be natural for it to become a thing for Chinese expatriates to send money home to their family using the Bitcoin ATM instead of their usual wire transfer or WU or whatever (does WU even work in China?).

[n8rwJeTt8TrrLKPa55eU]

More TV coverage.

Paul Lee's cloud world 20131102 - four years rose three times! * Bitcoin * worth big decryption
http://www.youtube.com/watch?v=s5ISiIL0qRs

[jl2012]

More TV coverage.

Paul Lee's cloud world 20131102 - four years rose three times! * Bitcoin * worth big decryption
http://www.youtube.com/watch?v=s5ISiIL0qRs

That's Taiwan, not China

[hazarun]

Who uses the API btcchina?

[bitcoin carpenter]

Here we go again

[theonewhowaskazu]

Who uses the API btcchina?

Probably lots of people, the transactions are free so it makes sense to trade ultrafast. I know a guy with even a tick-bot, though not sure if it uses BCChina.