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Question: Chinese are buying large quantities of BTC because:
They are smart as fox spreading the FUD while buying cheap - 57 (85.1%)
Chinese are dumb couldnt they read in latin alphabet that Bitcoin was banned? - 10 (14.9%)
Total Voters: 67

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Author Topic: All our base are belong to Chinese  (Read 3981 times)
trust (OP)
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March 30, 2014, 09:00:45 PM
Last edit: April 11, 2014, 04:39:21 PM by trust
 #1

Am I only one here using google translate?

Look at giant volumes buying BTC to mainland China.

http://fiatleak.com/

Look at official weibo account of chinese central bank:

http://www.weibo.com/u/3921015143?topnav=1&wvr=5&topsug=1#1395409360529

Now use google translate and connect the dots...

Chinese are riping scared westerners off!

In fact central bank denies ban on bitcoin.

Who is running this "spread panic and sell" scheme?

UPDATE:

Congratulation ladies and gentlemans, now it is official, you have been Chinesed!

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

-------------------

One to rule them all https://bitcointalk.org/index.php?topic=501841.0;all
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CoinRocka
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March 30, 2014, 09:04:55 PM
 #2

Am I only one here using google translate?

Look at giant volumes buying BTC to mainland China.

http://fiatleak.com/

Look at official weibo account of chinese central bank:

http://www.weibo.com/u/3921015143?topnav=1&wvr=5&topsug=1#1395409360529

Now use google translate and connect the dots...

Chinese are riping scared westerners off!

In fact central bank denies ban on bitcoin.

Who is running this "spread panic and sell" scheme?



They love their anime don't they?   (Giggling like the PDB )
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March 30, 2014, 09:06:18 PM
 #3

 【二维码支付业务和虚拟信用卡业务只是暂停,不会终止】人民银行将会同有关各方从技术安全、消费者保护、反洗钱、金融实名制等方面进行论证,以安全为底线,支持有关支付机构在落实相应消费者权益保护制度安排、保护支付资金安全等基础上,按试点先行原则开办相关业务,维护支付市场健康有序发展。



[Two-dimensional code and virtual credit card payment services business only suspended, not terminated] People's Bank will work with all parties concerned to demonstrate the technical safety, consumer protection, anti-money laundering, financial and other aspects of real-name system, in order to secure for the bottom line, support for payment agencies in the implementation of appropriate institutional arrangements to protect the interests of consumers, the protection and safety of funds paid on the basis of the principles set up by the pilot first-related businesses, maintaining a healthy and orderly development of the payment market.



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March 30, 2014, 09:07:34 PM
 #4

Am I only one here using google translate?

Look at giant volumes buying BTC to mainland China.

http://fiatleak.com/

Look at official weibo account of chinese central bank:

http://www.weibo.com/u/3921015143?topnav=1&wvr=5&topsug=1#1395409360529

Now use google translate and connect the dots...

Chinese are riping scared westerners off!

In fact central bank denies ban on bitcoin.

Who is running this "spread panic and sell" scheme?



I translated and searched the word 'bitcoin', but did not get it !!! Which part to read ?

krodmandoon
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March 30, 2014, 09:09:11 PM
 #5

I translated and searched the word 'bitcoin', but did not get it !!! Which part to read ?


Pretty sure that's the two dimensional code.

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March 30, 2014, 09:14:35 PM
 #6

I disagree, all my base belongs to me, who cares about the Chinese.


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EPIC.FUN.
trust (OP)
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March 30, 2014, 09:23:12 PM
 #7

Oh my, leave fiatleak.com open and look at volumes.
Chinese are buying BTC like giant rabbit eating carrots.
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March 30, 2014, 09:25:48 PM
Last edit: April 17, 2016, 10:00:43 PM by Evil-Knievel
 #8

This message was too old and has been purged
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March 30, 2014, 09:27:04 PM
Last edit: April 17, 2016, 10:00:37 PM by Evil-Knievel
 #9

This message was too old and has been purged
trust (OP)
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March 30, 2014, 09:33:27 PM
 #10

BTW: Fiatleak is a hoax i'm afraid.
It says someone bought 0.2 BTC for over 300 EUR. This is ridiculous.

Lets see how this thing will play out it is only 5:30 in the morning and soon will Chinese start waking up.
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March 30, 2014, 10:21:40 PM
 #11

Great title  Tongue

Some people are so poor ALL they have is money
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March 30, 2014, 10:30:48 PM
 #12

Chinese gov't has been buying btc for awhile, while implementing measures to prevent mainstream people there from adopting. They will probably back off once they feel they have a large enough holding and enough control
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March 30, 2014, 10:33:04 PM
 #13



People on this side of the pond are definitely loading up too.

When this thing gets back up to 800+ where it should be at...
trust (OP)
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March 30, 2014, 10:38:51 PM
 #14

http://i58.tinypic.com/bdo1sx.jpg

People on this side of the pond are definitely loading up too.

When this thing gets back up to 800+ where it should be at...

Imagine all these Chinese laughing when we hit that price  Grin
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March 31, 2014, 12:41:30 AM
 #15

Chinese gov't has been buying btc for awhile, while implementing measures to prevent mainstream people there from adopting. They will probably back off once they feel they have a large enough holding and enough control

How do you know that ?

BittBurger
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March 31, 2014, 12:51:14 AM
 #16

Geez.

http://fiatleak.com/

Thats incredible.

Its a nonstop pouring of bitcoins into China ... and nowhere else.

Just china.  Nonstop ... sheesh ...

-B-

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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March 31, 2014, 12:58:37 AM
Last edit: April 17, 2016, 10:00:31 PM by Evil-Knievel
 #17

This message was too old and has been purged
BittBurger
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March 31, 2014, 01:12:42 AM
 #18

Okay so if the news from China was real, why is China buying all the coins while everyone else is holding/selling?

If the news was legit, the last thing the Chinese would be doing is *buying more*.

Apparently they know its not legit news?

-B-

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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March 31, 2014, 01:18:30 AM
 #19

Okay so if the news from China was real, why is China buying all the coins while everyone else is holding/selling?

If the news was legit, the last thing the Chinese would be doing is *buying more*.

Apparently they know its not legit news?

-B-

Wouldn't that be a kicker.  Grin

On a side note, being able to see where coins are going in real time is indicative of just how innovative the Bitcoin protocol truly is for providing a transparent means of transmitting units of value.  Try something like this with the current banking system.

It's marvelous.  
trust (OP)
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March 31, 2014, 01:21:33 AM
 #20

What if China is sickened of USD as world reserve currency and want to open its closed capital markets anyway?
Cryptocurrency is inovative way to do it in 21 century.
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