A friend in China mentioned today there's growing curiosity about BTC there after it was featured this weekend on CCTV. It's made it to the daily hot topic on sina weibo. Anyone want to speculate on whether/when this might be reflected in the exchanges?
Sure : It will make no difference whatsoever.
That is about as extreme as saying it will cause the price to explode to $10,000. I just don't see how advertising to millions or potentially billions of people will have no effect???
It had pretty much no difference the first time hit hit the TV in China.
There was a little price action based on the hype with money already on the exchanges but that soon died out.
That is a very arguable point. Do you not remember the downloads of the QT client exploding? Do you not remember the price climbing coincidentally after that? What about the nodes showing up all over China?
Anyway, in an emerging and explosive market like BTC, I would not really pay much attention to one past event as being a predictor of future actions. That said, something clearly happened.