Post
Topic
Board Speculation
Re: Good time to buy BTC?
by
Agricola
on 25/06/2013, 02:53:30 UTC
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.

I don't understand why people think this. The average hourly wage in China is about $2 an hour. How will they ever manage to find any money to buy bitcoins when one bitcoin is 50 hours of work?

While the average wage might only be $2, China commands a population of 1.3 billion people. That's an astounding number and def. commands significant buying power.