Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 31/03/2014, 18:47:26 UTC
Yeah, but what is the profile of the average BTC chinese investor?  Maybe they are NOT regular chinese people.  We have to recall that probably less than 5% of chinese have heard about BTC and probably less than .1% have taken any steps towards purchasing any BTC and probably less than .01% have any significant BTC holdings of more than 10 BTC.  In other words we are referring to a subset of a subset of a group.

Those percentages are extremely high, in my opinion.



I am pretty sure that you are correct.  Since i was just talking by guestimating, I was being a bit generous to give benefit of the doubt... but even with the numbers that I am asserting, it shows that the earlier claim is preposterous to try to suggest that BTC is even coming close to approaching some kind of mainstream phenomenon in China that would somehow affect "regular" chinese people.

Another poster, Xell, made the point much more directly than me.  Here:  https://bitcointalk.org/index.php?topic=178336.msg6001631#msg6001631