q question, is there already a definition for a "tick" for bitcoin? 0.01?
You mean a pip? 0.001?
Wait a second a communist country with the firewall of china blocking facebook, youtube, twitter etc... Has two different currencies (CNY CNH) for mainland and others, and only allows their citizens to withdraw $50k a year out of the country didn't embrace a revolutionary free currency it cannot control with open arms?!?! No way!!! Although to be fair i expected it to be a bit further in the game
I'll just leave this here:
Chinese appetite for Australian residential property hits $5.4 billion as demand for luxury property rises
The value of Australian residential property purchased by Chinese-based buyers reached $5.4 billion in the 2013 financial year, according to figures from Chinese property portal Juwai.com.
This is around a 25% increase on US$4 billion ($4 billion to $4.2 billion in local currency) of Australian property purchased by Chinese buyers in 2011.
"Chinese make up the fastest growing buyer group in an otherwise relatively slow Australian real estate market,” says Simon Henry, co-CEO of Juwai.com.
http://www.propertyobserver.com.au/china-watch/
....the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.
It won't be that way for much longer though.
The head of VTB Bank has urged Russia to start transitioning to ruble payments with all its trading partners, including China and Western Europe, adding that export companies should lead the way in adopting the change.http://rt.com/business/russia-payments-rubles-trade-977/