n8rwJeTt8TrrLKPa55eU
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October 28, 2013, 11:51:57 PM |
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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.
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culexevilman
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Bitcoin is too valuable to be used as a currency
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October 29, 2013, 12:02:50 AM |
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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...
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chriswilmer
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October 29, 2013, 01:56:30 AM |
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So quiet...
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adamstgBit
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Trusted Bitcoiner
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October 29, 2013, 03:42:47 AM |
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So quiet...
its late, get some sleep, wednesday you want to be ready to buy. till then chill...
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BitThink
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October 30, 2013, 03:20:44 AM |
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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.
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foo
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October 31, 2013, 02:36:31 AM |
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I know this because Tyler knows this.
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billington.mark
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October 31, 2013, 10:04:00 AM |
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Thats impressive. hopefully an interesting weekend ahead!
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BTC - 1MarkBCmVn3yp1SB9RZZ7VfqJzkpV8Hmdo BitMessage - BM-GtZkeAbmKGs77FEoigm9TmsQBSfvMB3N
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LOADING.READY.RUN
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October 31, 2013, 10:43:09 AM |
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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.
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thoughtfan
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October 31, 2013, 11:34:28 AM |
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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.
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adamas
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VIS ET LIBERTAS
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October 31, 2013, 11:46:58 AM |
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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wachtwoord
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October 31, 2013, 12:25:55 PM |
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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
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vokain
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October 31, 2013, 12:27:26 PM |
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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...
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Zangelbert Bingledack
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November 01, 2013, 10:09:16 AM |
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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?).
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jl2012
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November 02, 2013, 06:56:19 PM |
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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hazarun
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November 02, 2013, 09:50:37 PM |
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Who uses the API btcchina?
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bitcoin carpenter
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November 03, 2013, 06:33:11 PM |
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Here we go again
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If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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theonewhowaskazu
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November 03, 2013, 08:44:18 PM |
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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.
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