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Mondy
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November 21, 2013, 05:11:11 AM |
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Several million? Or maybe just 1 million? no clue really ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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dominicwin
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November 21, 2013, 05:13:29 AM |
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China has a lot of everything haha.
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AuroraHF
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November 21, 2013, 05:16:34 AM |
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China also has the largest country population, 1.2 billion I think!
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lmao
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dominicwin
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November 21, 2013, 05:20:19 AM |
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And they have trillions upon trillions in cash reserves
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bryant.coleman
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November 21, 2013, 07:37:31 AM |
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I think China will be No.4 in terms of BTC maket cap, after the US, EU and Russia.
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bitcoinpsftp
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November 21, 2013, 09:05:52 AM |
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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?
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niothor
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November 21, 2013, 10:07:35 AM |
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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.
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LiteCoinGuy
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November 21, 2013, 12:25:10 PM |
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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
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Sindelar1938
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November 21, 2013, 04:33:29 PM |
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Doubt total ownership in China is yet that high
But they are gonna be massive players long term, unquestionably
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bitcoinbboyce
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November 21, 2013, 05:53:23 PM |
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China has a lot of everything haha.
not in the cawk department
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Ecurb123
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November 21, 2013, 06:32:42 PM |
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I guess being there are more people over there, there would be more of these things there.
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dominicwin
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November 21, 2013, 06:44:48 PM |
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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.
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hayek
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November 21, 2013, 07:22:52 PM |
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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
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jeppe
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November 21, 2013, 08:26:05 PM |
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Its impossible to say :/ but think its a lot more than we think ...
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dominicwin
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November 21, 2013, 08:27:48 PM |
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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.
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moni3z
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November 22, 2013, 05:52:08 AM |
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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
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qwerty555 (OP)
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November 22, 2013, 06:03:39 AM |
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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-1003China: 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-1451582http://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
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niothor
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November 22, 2013, 09:37:47 AM |
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Well , List of countries by vehicles per capita 111 China 85 3 United States 797
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