China Has more of EVERYTHING.. How many bitcoins?

[qwerty555]

China has more of everything or soon will have and that includes Bitcoin.

They also don't like to advertise that much and hide their true holdings in Gold in particular.

Official Gold 1,000 tons..Estimate of actual Gold 7,000 tons

http://dailyreckoning.com/how-much-gold-does-china-have/

so how many bitcoins do they now have?

to start the ball rolling.  I suggest 15% of 2013 bitcoins mined then start adding


As of Nov 20 China has 14.9% of nodes

http://getaddr.bitnodes.io/

http://getaddr.bitnodes.io/188/china/

Can anyone make an estimate?

[Mondy]

Several million? Or maybe just 1 million? no clue really

[dominicwin]

China has a lot of everything haha.

[AuroraHF]

China also has the largest country population, 1.2 billion I think!

[dominicwin]

And they have trillions upon trillions in cash reserves

[bryant.coleman]

I think China will be No.4 in terms of BTC maket cap, after the US, EU and Russia.

[bitcoinpsftp]

Well, considering bitcoins are more expensive in china than any other country, there's a good chance the demand there is very large.  Who knows, could be that soon China has more BTC than any other country... What would that do to the price though?

[niothor]

More of everything , doesn't mean all the good stuff , they have also lots of bad stuff , and more than the whole planet combined.
Also , china =/= chinese people =/= chinese goverment

Also nodes mean....nothing
Lot's of people having 100+ BTC and not running a node. Lots of newbies running bitcoinqt for the first time and not owning a single satoshi but still running a node.

[LiteCoinGuy]

I think China will be No.4 in terms of BTC maket cap, after the US, EU and Russia.

maybe today no 4 but in 2014 they will be no 1 or 2.

chinese are very familiar with digital currency (qq coin etc). i guess its a great country for btc/ltc

[Sindelar1938]

Doubt total ownership in China is yet that high

But they are gonna be massive players long term, unquestionably

[bitcoinbboyce]

China has a lot of everything haha.

not in the cawk department

[Ecurb123]

I guess being there are more people over there, there would be more of these things there.

[dominicwin]

I guess being there are more people over there, there would be more of these things there.

Whenever they visit Vegas they literally buy everything in sight. They have a LOT of new money. It makes sense though since the whole world has given it to them haha.

[hayek]

And they have trillions upon trillions in cash reserves

That's not hard to do when the people paying you back just keep printing more of it for you

[jeppe]

Its impossible to say :/ but think its a lot more than we think ...

[dominicwin]

And they have trillions upon trillions in cash reserves

That's not hard to do when the people paying you back just keep printing more of it for you

The chinese are smarter than that. The majority of it is government bonds and what not.

[qwerty555]

China has more of everything or soon will have

1 International reserves China #1 by a long way

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html

http://www.gfmag.com/component/content/article/119-economic-data/12374-international-reserves-by-countryhtml.html#axzz2lLbOI5sQ

2 Cars /autos

China was #2 in 2010 but now probably #1

According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010

http://en.wikipedia.org/wiki/Motor_vehicle

but 2012 figures

http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html

China Vehicle Population Hits 240 Million

3 Appliances

http://www.nationmaster.com/graph/med_hou_wit_tel-media-households-with-television

example  Tv's in  2002 china had 87% of households ..USA had 98% of households but as China has 5 x more households the number of tvs is more ( same goes for refrigerators etc)

4 Economic indicators

http://www.tradingeconomics.com/china/indicators

http://www.tradingeconomics.com/united-states/indicators

5 Savings 7 Trillion $

http://www.theepochtimes.com/n3/292513-chinese-household-savings-surge-to-50-percent/

USA 5.35 Trillion

http://forecasts.org/economic-indicator/personal-savings.htm

6 Gold..covered above ( 7,000 tons estimate of true holdings)

7 Luxury goods

http://www.mckinsey.com/insights/marketing_sales/tapping_chinas_luxury-goods_market

20% plus of WORLD market by 2015

8 Diamonds

http://www.bain.com/about/press/press-releases/bain-2012-global-diamond-report.aspx

and so it goes on..and on and on.

Whatever you define as something of value they are #1 owners or soon will be

On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs

[moni3z]

You left out French wines. Typically most of the batches of Petrus and Château Lafite Rothschild wines end up in China as they are now an investment, since a good year will multiply in value. I imported a case of Château Calon-Ségur to Canada that would have been worth 3x what I paid for it if I didn't drink it all lol

[qwerty555]

You left out French wines. Typically most of the batches of Petrus and Château Lafite Rothschild wines end up in China as they are now an investment, since a good year will multiply in value. I imported a case of Château Calon-Ségur to Canada that would have been worth 3x what I paid for it if I didn't drink it all lol

My apologies LOL

http://www.gallus-group.com/DesktopDefault.aspx/tabid-327/488_read-1003


China:

Chinese wine industry: China is in 7th position in the ranking of wine manufacturing countries. The Chinese wine industry has entered a high-speed growth phase in recent years. The international financial crisis in 2008 did not have a severe impact on the Chinese wine industry. In 2008, Chinese wine production totalled 698 million litres, a 5% increase over 2007. In 2009, Chinese wine production amounted to 960 million litres, rising by 37.5% YOY.

The concentration of the Chinese wine industry is much higher than that of the beer and liquor industries. The sales volumes of Changyu, Great Wall and Dynasty account for over 40% of the Chinese wine market. Today, China has more than 60 thousand hectares of wine grapes.

Wine belongs to the fast moving consumer goods market. Competition in the Chinese wine market concentrates on market capacity and sales channels rather than product function, attributes and technology. Sales channels have become the key success factor for competition. Wine consumption in China mainly falls into two categories – restaurants/hotels and retail channels such as shops and supermarkets. According to statistics, restaurants and hotels have a share of more than 50% of the Chinese wine market, while the share of retail channels is less than 50%. Among these retail channels, supermarkets and general merchandise stores account for more than 50%, while convenience stores, exclusive stores, independent food stores, etc. make up the remainder.


http://www.ibtimes.com/chinese-wine-consumption-all-time-high-no-global-shortage-expected-1451582

http://business.time.com/2013/10/31/how-china-became-the-wine-worlds-most-unlikely-superpower/

Unless you are in the market for super-premium or collectible bottles, where Chinese investors do dominate says Veseth, there isn’t actually much to fear from China

Read more: China Grows as a Wine Superpower

[niothor]

China has more of everything or soon will have

2 Cars /autos

China was #2 in 2010 but now probably #1

According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010

http://en.wikipedia.org/wiki/Motor_vehicle

but 2012 figures

http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html

China Vehicle Population Hits 240 Million

and so it goes on..and on and on.

Whatever you define as something of value they are #1 owners or soon will be

On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs

Well ,
List of countries by vehicles per capita
111    China   85
3    United States   797