where are Chinese and what are they doing?

[angrynerd88]

I supposed the price went down in December cause China people were off the game. Now they are newly inside but price is not rising. Wtf is happening? Someone tell china to invest

[1714769695]

1714769695

[1714769695]

1714769695

[tokeweed]

the chinese are really smart investors/traders. they are waiting for btc to fall to 200.

[dharmapuriharithaa]

don't worry, price will start increase soon. Due to mtgox problem people are afraid to invest now.

[kik1977]

Someone tell china to invest

Sure, will make a couple of phone calls..give me a few minutes.

[zorroII]

I think bitcoin fever in china is fading, since there's less and less public media still keeping concerning about it. Nov. last year China's jumping in is because CCTV reported bitcoin on evening news. Any body make CCTV talk something good about bitcoin again, we'll all be rich.

[Chellger]

the chinese are really smart investors/traders. they are waiting for btc to fall to 200.

This I don't believe. They are not very much smarter or dumber then we are.

[angrynerd88]

I think bitcoin fever in china is fading, since there's less and less public media still keeping concerning about it. Nov. last year China's jumping in is because CCTV reported bitcoin on evening news. Any body make CCTV talk something good about bitcoin again, we'll all be rich.

so please someone pay the CCTV speaker to talk about bitcoin a bit more.

[crazywack]

was posted in  another tread but BTC has had plenty of bad news the last few months. Anyone in marketing can tell you bad rep trumps good rep every time...give it a few weeks, we will be higher then the $820 mark we have been hovering around...

[Bitcoinpro]

it would depend how much US dollar debt they have managed to unload first

[Mythul]

I think the chinese are still in the market waiting for the FUD to clear and invest. Who knows, maybe in the near future Bitcoin will be un-banned in China like it is now in Thailand.

[zorroII]

I think the chinese are still in the market waiting for the FUD to clear and invest. Who knows, maybe in the near future Bitcoin will be un-banned in China like it is now in Thailand.

china never banned bitcoin, just said it can't be a formal currency, and exchange in china should deposit and withdraw money directly from bank rather than any third party payment platforms. people are free to trade bitcoin as a virtual products. all exchange site in china are running in full power, those about banning are more likes misreading and fraud.

[Cluster2k]

They got burned buying on the way up to $1.2k and are no doubt wary of buying into another bubble.  Wait and see seems to be the best approach.  There's also the meddling Chinese government that didn't see bitcoin as beneficial and made transferring money into it a lot harder.

[Dalmar]

china never banned bitcoin, just said it can't be a formal currency, and exchange in china should deposit and withdraw money directly from bank rather than any third party payment platforms. people are free to trade bitcoin as a virtual products. all exchange site in china are running in full power, those about banning are more likes misreading and fraud.

The PBOC statement is highly ambiguous and typical of Chinese business culture. It still leaves the option open for closing mainland Chinese exchanges. Hence, why it lead to the epic crash as Westerners and even many Chinese misinterpreted it. But at the present those fears are mostly gone from the market, nevertheless the PBOC can always do as it pleases.

This is what Bobby Lee recently said on the regulation:

''That is the Chinese way. By analogy, a country might say that alcoholic beverages above 50% proof are not allowed, in China they would say anything overly alcoholic is not allowed. This is to leave them a margin to change their mind.At the time we had doubts, we didn’t know if, as a business, we could exist. Two months on it seems we are allowed. As a business we have not been shut down. We were a bit over concerned.''

http://www.cryptocoinsnews.com/2014/02/12/future-bitcoin-china-bobby-lee-speaks/

[MatTheCat]

china never banned bitcoin, just said it can't be a formal currency, and exchange in china should deposit and withdraw money directly from bank rather than any third party payment platforms. people are free to trade bitcoin as a virtual products. all exchange site in china are running in full power, those about banning are more likes misreading and fraud.

The Chinese government perhaps never banned Bitcoin outright. But so much as a disapproving look from them and that will be enough to scare many investors away. All Bitcoin speculation is based on projected future potential and the Chinese government have assured their people that Bitcoin has no future potential in China. They also prevented 3rd party payment providers from processing Bitcoin transactions which i believe took a lot of the anonymity out Bitcoin, thus lessening its use as a means of getting capital out of the country off the radar of the PBOC.

[InCoinsITrust]

I hope they will be back.

[knightcoin]

I think they're bit bored for while ....  or ... time for slow taiji

[sgbett]

title made me think http://www.youtube.com/watch?v=lLl0DVzRksk

[knightcoin]

title made me think http://www.youtube.com/watch?v=lLl0DVzRksk

Thanks ... I followed the link,link and end up at ...

160 Greatest Arnold Schwarzenegger Quotes
http://www.youtube.com/watch?v=pDxn0Xfqkgw

LoL .. lmao

[hellscabane]

The Chinese are all over the world, and they are doing all sorts of things.

Or the Chinese are in China, about to get ready for lunch.

Okay, now seriously, I think the various bans in China slowed down that market. But I also think there is a fairly large alt type of market in China. And let's face it, the vast majority of people in China have no incentive to use BTC as substantially as it could be.