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Author Topic: US Government Shutdown Fueling Chinese Bitcoin Boom?  (Read 331 times)
benjamindees
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October 23, 2013, 05:39:14 AM
 #1

http://www.reddit.com/r/Bitcoin/comments/1p0v4a/hi_all_from_china/ccxldzf

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Yes, my coworker talked to me about after he saw clip on TV 3 months past. At first I dont believe, but bought small amount in case as not many good investments in China. Read much much more to learn about it and now believe bitcoins. Also much more happy to own now that US almost decide not to pay debt and might decide not to in future.

The government boot-lickers in this community are trying to make the case that the current upswing is a result of the shut-down of Silk Road and the "legitimization" of Bitcoin.  I think the facts speak for themselves.  China is driving this rally.  The motivations should be obvious.

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October 23, 2013, 06:18:55 AM
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Yeah this is pretty likely the case however i think it's also a bubble and all bubble's have gotta pop...

Lethn
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October 23, 2013, 09:40:33 AM
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Methinks it's just the effects of inflation but I don't think we'll see a real rise until western countries have a mass panic and capital flight on their hands.

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