Quote from: Velaciela on March 28, 2014, 04:20:57 PM

I'm Chinese, and working in a bitcoin website, which famous in Chinese bitcoin community. I want to talk some about the ban to bitcoin price.

First, let's forget the China. before Nov. 2013, there is few(very few) bitcoiners in China. Most Chinese knew bitcoin from TV after the price sharp rise in Nov. In Apr 2013, the price of btc strongly fluctuated by other factors including MTGOX hacking. (oh,fxcking mtgox !)

When I decided to invest in btc, I considered this factors, including value storage, international transfer, and anti-inflation needs, but not illegal usages. If give btc a market cap as Visa or Master for the transfer functions, it means 100 billion USD. If give btc 5% mkt cap of Gold(6000 billion)，will be 300b USD.

It is a great value, and not considered any Chinese or Russian issues. We know, Just in United States, there are 300m populations. even 5% of them have 1 btc each, it need 15 million btc, and the BTC only have 21m.

So, the need of US and Europe is very enough to keep the market cap of btc, if btc can really meet their demands. DO NOT need the extra demand from China or Russia.

The trading volume in Chinese exchanges so large is because they provided FREE TRADE. actually, it is not so many trades. And in my view, 99% Chinese "investors" is speculating in short-term trades. And in China, it is no use of bitcoin except speculating. Of course, it is caused by gov banned business to accept btc.

Only I'm worry about is that gov arrest miners and ban mining.(Yes, it is possible in a totalitarian state) But I think it is not possible now. And even they do that, because miner equipment replaces fast, We can deploy new miner machines in other place.

Just do the right thing, and keep btc safe... Don't consider China anymore, If they ban btc, they have no right to decide the fate of btc.

I'm a Chinese, and I knew the history. A fact that indicate things clearly: in the cold war, the western lives well, even the people starve in East. When United States to da moon (I mean really go to moon) ,the Chinese is still in hunger.

Go on, bitcoin, your future is in free world.

中国人看了别生气，这是事实。各位可能知道我是谁，免喷。

No one can do much about Bitcoin, that is the reality, just keep buying my friend. Some time I might fell like media tools of paper money industry is winning, but reality is It is same like bit-torrents protocol.
More they hate it more it grow. It is just like dogs barking on the Train.
Lets make this wold better place for next generations to come.

agusta

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