Bitcoin sellers in panic mode are wrong

The first two weeks of 2017 will go down in Bitcoin history.  Bitcoin reached a high of $1161 exciting Bitcoiners everywhere as well as mainstream media such as Bloomberg, BBC, CNBC.  Bitcoin in the spotlight and no doubt pricked the interest of many who still do not know what Bitcoin is. Just as we were wondering when this massive bull run was going to slow down, the ball finally dropped.  On the 5 January, Bitcoin price fell by 20%.  The sudden drop could be related to the Chinese Central bank…

Read More

Bitcoin Adoption in China

Bitcoin adoption in China – the land known for the Great Wall of China and almost 1,4 billion people! Watch this video to find out more about China’s GDP, Internet coverage, Smart phone use… and how much the Yuan has depreciated to the dollar. China has been on the Internet intermittently since May 1989 and on a permanent basis since 20 April 1994 2008 – China became the largest population on the Internet 2014 – 480 million smartphone users in China 2016 – approximately 50 percent of China’s population has…

Read More

Bitcoin Price reaches two year high in China!

Bitcoin Today 3 December 2016 – The Bitcoin price has just reached a two year high in China! Traded volume over October and November 2016 has been the highest ever. The Bitcoin price varies from country to country dependent on Geo Political influences. China has devalued the Yuan and the economy is under pressure. The government has imposed a new capital flight law and all mergers and acquisitions have to be approved by the government. The Chinese investors are looking to Bitcoin to be a hedge against the Yuan and…

Read More