freedomno1
Legendary
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Activity: 1820
Merit: 1090
Learning the troll avoidance button :)
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October 28, 2013, 08:09:44 PM |
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Hmm this is interesting I was under the perception that the United States constituted over 80% of all bitcoin trading but if this is true their is a great argument here to say that it is becoming more mixed in its origination.
Thanks
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Believing in Bitcoins and it's ability to change the world
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theecoinomist
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October 28, 2013, 09:08:34 PM |
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The problem of supply and demand of bitcoins can be solved with Fractional Reserve Banking. With 1% margin requirement on bitcoin banks we would have the potential of 2.1 billion bitcoin notes (IOU) issued by banks.
Fractional reserve banking can solve any problem. Ahem. not sure if sarcasm |
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rampalija
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October 29, 2013, 08:35:04 AM |
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The name satoshi is chimesse namr that is the only reasoon chinese ppl knew first for BTC
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qwerty555 (OP)
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October 29, 2013, 01:33:20 PM |
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Hmm this is interesting I was under the perception that the United States constituted over 80% of all bitcoin trading but if this is true their is a great argument here to say that it is becoming more mixed in its origination.
Thanks
Yes true and TODAY the figures so far are China 92.000 bitcoin traded and The "Big 3 " 21,000. more than 4 to 1 I would like to see a chart of daily/monthly volumes on each group since Jan 2013 for comparison and to see if we can spot a trend "predict" future volumes. if anyone is a chart expert and can make one I am sure the community would be eternally grateful...  |
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rampalija
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October 29, 2013, 06:32:11 PM |
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China rules  |
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Bullionado
Newbie
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Activity: 24
Merit: 0
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October 29, 2013, 06:57:23 PM |
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Asian regions as a whole can really add in tons of liquidity into this currency. Something it needs badly for that price stability.
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tclo
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October 30, 2013, 02:09:46 AM |
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Hmm this is interesting I was under the perception that the United States constituted over 80% of all bitcoin trading but if this is true their is a great argument here to say that it is becoming more mixed in its origination.
Thanks
Yes true and TODAY the figures so far are China 92.000 bitcoin traded and The "Big 3 " 21,000. more than 4 to 1 I would like to see a chart of daily/monthly volumes on each group since Jan 2013 for comparison and to see if we can spot a trend "predict" future volumes. if anyone is a chart expert and can make one I am sure the community would be eternally grateful... Great idea! |
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dree12
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Activity: 1246
Merit: 1078
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October 30, 2013, 02:13:59 AM |
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Hmm this is interesting I was under the perception that the United States constituted over 80% of all bitcoin trading but if this is true their is a great argument here to say that it is becoming more mixed in its origination.
Thanks
So instead of America controlling 80% of Bitcoin, China does. I fail to see how this is "more mixed". |
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jonytk
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Activity: 106
Merit: 10
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October 30, 2013, 05:50:31 PM |
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dree : trading volume we are talking about, there's quite a few btc rich in US...
i think the btc china rise is a pump from the chinese manufacturers of asic that want to sell their btc high!
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AndrewWilliams
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Activity: 182
Merit: 100
Fourth richest fictional character
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October 30, 2013, 06:47:47 PM |
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tvbcof
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Activity: 4746
Merit: 1282
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October 30, 2013, 07:05:54 PM |
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Controlling and employing actually bitcoins (secret keys and the value associated with them) is interesting and all, but not that big a deal.
Bitcoin as a protocol is yet young and is evolving rapidly. It is defined by who runs what software, and that is a conscious choice made by individuals (currently at least.) To me this aspect of things will be the most interesting thing to watch from a system analysis point of view as China takes a more central role.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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matt608
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October 30, 2013, 09:28:32 PM |
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i think the btc china rise is a pump from the chinese manufacturers of asic that want to sell their btc high!
Interesting theory, anyone have any thoughts on this? |
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AndrewWilliams
Full Member
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Activity: 182
Merit: 100
Fourth richest fictional character
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October 31, 2013, 06:26:57 PM |
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I do not think it is a coincidence China was feeling very skiddish a few weeks about the US debt they own, with Washington not raising the debt ceiling and with little progress.
China is spreading its risk to Bitcoin; the USD ain't what it used to be, especially with Obama at the helm.
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rampalija
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October 31, 2013, 08:47:52 PM |
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This is actually funny for whoever understands the meme  try it, it is easy to do algoritms |
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eoJ
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November 01, 2013, 02:35:15 AM |
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The name satoshi is chimesse namr that is the only reasoon chinese ppl knew first for BTC
China != Japan. |
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jubalix
Legendary
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Activity: 2646
Merit: 1023
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November 01, 2013, 10:24:07 AM |
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BTC is a soft weapon for CNY and a way to unwind USD position if it can get into the 10T + mark.
Also I sated in Gox thread CNY was the place to go Magical Tux retorted BTC was fully illegal in CNY.
Well get a load of that volume Magical Tux. Oh and get some think tank help
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gollum
Sr. Member
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Activity: 434
Merit: 250
In Hashrate We Trust!
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November 01, 2013, 07:37:07 PM |
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Why dont Chinese people create their own cryptocurrency instead of buying into bitcoin at this high prices?
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tvbcof
Legendary
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Activity: 4746
Merit: 1282
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November 02, 2013, 03:08:09 AM |
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Why dont Chinese people create their own cryptocurrency instead of buying into bitcoin at this high prices?
Makes a lot more sense to absorb a crypto-currency which is already well entrenched and has built up credibility and value. As an open source project, Bitcoin as a system belongs to anyone who is smart enough, capable enough, and rich enough to support the network as a peer...at least these days while there are no jurisdictional constraints effecting it's function. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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November 02, 2013, 10:33:34 AM |
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Why dont Chinese people create their own cryptocurrency instead of buying into bitcoin at this high prices?
Brilliant idea. Every country could make their own digital currency  |
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qwerty555 (OP)
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November 02, 2013, 10:54:13 AM |
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Why dont Chinese people create their own cryptocurrency instead of buying into bitcoin at this high prices?
Brilliant idea. Every country could make their own digital currency I believe eventually they ALL will and this was another reason I am a fan of bitcoin the pioneer, market leader that is well established and gaining acceptance in leaps and bounds I have used a cashless vending system as early as 1993 in a Head office building 200m from the House of Lords. The catering manager was a friend and explained the advantages as the system originally met with resistance. These include 1 Harder to steal 2 Easier to account 3 Much Cheaper to count , handle and store In those early days we had to still start off with loading with cash before use of the electronic card, but there was a machine to do that. Now it can be done with the click of a mouse. Governments and Banks must have spotted this and therefore any reduction in cost or theft is interesting and they will probably adopt once THEY assess that the teething problems are irnoed out and public acceptance has been achieved. Those interested in the COST of handling cash..its here. https://www.google.com.ph/search?q=what+is+the+cost+of+handlin+cash&ie=utf-8&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&gws_rd=cr&ei=etl0UsziKMeCkwX5k4C4AQ |
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