It's $102 and climbing again... but big walls to chew through to get back over $110.

Yup but at least the selling seems to be over.
I bet a lot of people fucked up real hard this round. Others made good money.

I just read a big Chinese tv channel did a 30 minute special on Bitcoin. Could be good.

Looks like the China news made everyone go crazy.
People are such idiots.

Now it's going up like mad but all it needs is one big dump and everyone panics again and sell their coins and it drops right back to $90.
Panic buying and panic selling. 95% lose money, 5% make big money.

Interesting post in Reddit about it

http://www.reddit.com/r/Bitcoin/comm...what_i_thought

China currently does not allow Bitcoin (or any virtual currency) to be used to purchase real goods. They can only be used for virtual goods, such as games and other online things that are not tangible items. The poster should have known this if he is really Chinese.

:2 cents:

They do love to gamble though :)

Chinese (and Russian) are the main miners and exchangers.

Go check alexa stats, bitcoin.org cn = 5%, satoshidice.com cn = 11% (second country after USA). Look mining sites.. biggest one 38% is btcguild.com , whose first country for traffic is China with 21% (USA follows with 17%); deepbit.net ru 18%, cn 14%, us 12%. Litecoin mining, biggest pool is coinotron.com : us 13%, cn 13%, ru 10%. Look for exchangers.. mtgox.com us 28%, cn 6%, ru 6%; vircurex.com us 22%, cn 18%, second country. aurumxchange.com us 14%, cn 12%, ru 11%.

Now, I think Russia potential is already expressed, while China can grow still a lot, which can kick USA in second place everywhere, potentially.

Still I don't think Chinese or Russian may use bitcoin (or litecoin) to buy things in place of fiat currency: they're into it to mine it and to make profit on exchange. They see it as a way to get dollars from stupid westerns of us,ca,au,uk,de,fr etc.
I think only westerns will use bitcoins to buy stuff, so buy bitcoins with dollars from chinese and russians who mined or traded it, and then spend that because is cool and anonymous.
It could be some may spend it with cams and this is why I follow this thing (not sure for mining or trading, I'm no chinese).

Damn!

http://sourceforge.net/projects/bitc...tes=2013-05-04

Bitcoin client downloads in China.
Yesterday 1,861
Today 23,834

oh wow franck

I was able to get a 20% gain from Friday to Saturday with LTC. I just used that profit to invest in FTC since it sank back to around where it was pre btc-e.

I think that China has their own coin now. CNC Coin.

Mike, if i were you i would invest in lps coins, uir coins and LLECIIKEOE00POL² coins if the price is right.

Almost hit 125 this morning, what do you think it could climb back up to Dirty?

Was just announced on BTC-e for trading

If there is no more bad news I'd expect 140 - 150 by Friday, I think it'll go higher than that though. If it gets to 140 I'm selling no matter what happens to the price

No idea dude.

Good find. I see China was consistently #2 all the April month already.

2013-04-29 -> 1=USA 2,003; 2=CN 1,027
2013-04-30 -> 1=USA 2,141; 2=CN 938
2013-05-01 -> 1=USA 2,746; 2=CN 954
2013-05-02 -> 1=USA 2,824; 2=CN 1,417
2013-05-03 -> 1=CN 10,350; 2=USA 2,431 (China TV...)
2013-05-04 -> 1=CN 23,834; 2=USA 2,484 (China TV peak...)
2013-05-05 -> 1=CN 4,490; 2=USA 1,235

But I think these Chinese was meant to mine coins, to make money, so bitcoin-QT is useless to them. They will run bitcoin-QT client for weeks, thinking (wrongly) they are mining and waiting for some bitcoin cent to be added to balance... which never happens... they should be told (in chinese) to go in mining pools. Instead, chinese sp4mmy sites are probably replacing dialers with mining client malwares. We already seen gaming clients including hidden mining code... the chinese guys install windows executables for everything, they are not paranoids to install as westerns... so expect massive mining trojans installed to million of chinese computers soon. Even if they have just normal gpu's, they are many and can quite sum up.

Actually if i had to guess i'd say 140 and a "crash" back to 110 so.
I can't see it crash to 70's or 80's anymore unless something really bad will happen.
This is just a wild guess based on pretty much nothing so please don't put money on anything i said.

but when it goes it he will take all the credit for anyone who made a buck LOL and he says how he is getting good at this yet he is just guessing at numbers and it is not based on anything other then the number he pulls out of his ass. I get a good laugh at his BS and the idiots who tag along behind him