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Author Topic: Chinese buying vs. Americans  (Read 606 times)
SilverandBitcoins (OP)
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January 06, 2014, 12:02:05 AM
 #1

Are the Chinese citizens currently buying a lot more Bitcoins then Americans? 

Cause, I aint proud - BTC: 1DyXSR8nsB56yhTUhR5HMKLzB6UpytiWnK
jackjack
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January 06, 2014, 12:32:39 AM
 #2

No

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
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SilverandBitcoins (OP)
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January 06, 2014, 01:27:48 AM
 #3

I didn't think the Chinese were buying as much BTC as Americans, but unless I'm reading the Fiat Leak site wrong it appears the Chinese are buying more BTC then the U.S.A.

Cause, I aint proud - BTC: 1DyXSR8nsB56yhTUhR5HMKLzB6UpytiWnK
bitco.in
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January 06, 2014, 01:31:07 AM
 #4

Looking at fiatleak, it seems the only countries buying are the U.S. and China.
beetcoin
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January 06, 2014, 01:37:33 AM
 #5

www.bitcoincharts.com

answer is no. it used to be that there was more buying in china than the rest of the world combined, about a month ago or so.. but not these days. it's still a major exchange though.
goatonastick
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January 06, 2014, 02:03:31 AM
 #6

China recently cracked down on BTC, so that was a big punch in the gut to its growth there.

http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html

which led to

http://www.nytimes.com/2013/12/19/business/international/china-bitcoin-exchange-ends-renminbi-deposits.html
hyunsookmom
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January 06, 2014, 05:29:47 AM
 #7

You can't really kill Bitcoin, a few banks not accepting it isn't going to do much. Asia generally has capital controls so any way for the rich to get their money out will be wanted, plus china and Asia are by nature savers and investors.


I live in Korea and just like in the West the news about Bitcoin has been super negative and has warned the majority off.

I asked a friend what she thought about Bitcoin, she said oh I heard its risky and people steal your money? That's the current mainstream belief. Once that changes expect a flood in.

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January 06, 2014, 10:27:26 AM
 #8

I asked a friend what she thought about Bitcoin, she said oh I heard its risky and people steal your money?
Shocked

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
hilariousandco
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January 06, 2014, 11:43:04 AM
 #9

I asked a friend what she thought about Bitcoin, she said oh I heard its risky and people steal your money?
Shocked

Haha. Isn't it risky owning lots of fiat as it's risky and people try to steal it?

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R0yalAir
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January 06, 2014, 06:39:49 PM
 #10

No

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