nanobrain
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December 17, 2013, 09:41:43 AM

Well ladies and gents, this flushing is going to tell us A LOT about the state of bitcoin and where the money has come and is coming from.  

We won't be able to see the full picture for months or at least weeks, but when we can see it, we will know much better about what kind of investors made up the rally in the East, which ones are long term and where future money can and can't come from there - AND maybe more importantly, we will know how much of the rally really came from the East and how much really came from the West.

And I suspect we will never have to worry about China "leading" the markets again. Which is A - O - K  with me.

I was with you up until the last sentence, Honey Badger, why the antipathy towards China?

I was never quite confident that China had any real long term future with bitcoin. And I would rather, in an ideal world, have bitcoin be driven by people in countries that have more freedoms, because from a PR standpoint it makes bitcoin appear more solid as well.

Places where freedom is dear, need it more.
Without need, no reason for bitcoin.
Unless the money is free, the people never can be.
Do not blame the people for the governments under which they suffer, many may be just like you in more ways than you might imagine, but less free to admit it.
Eloquently put...