My Steem update!

So, I am not sure if you have read the news from channel news asia these few days. Steem, the digital currency behind the new social media website Steemit, soared more than 1,000 percent in value on Tuesday to over US$150 million, two weeks after it first paid people who posted on its website, according …

China bitcoin & gold buying trends

Was reading a post on the supply and demand of bitcoin and how it influence the bitcoin prices. A comment on this post struck me on the same chord. See the box in red below.   Quoted from Adam Meister at disqus: “People in the Bitcoin world tried to understand what happened. Then another weekend came and …

Analysis of Bitcoin’s new high in China market

12th June 2016 marks a day when the bitcoin price has yet again, hit 2 year-high. Buying a bitcoin from Huobi requires a premium of CNY 200 than buying from Coinbase. This is an analysis of Bitcoin’s new high in China market. MSCI’s decision 12th June 2016 marks a day when China came back from …

Bitcoin, Litecoin and Etherum baidu search trends

From the last two blog posts(here and here), we can summarize a few things: Baidu search trends seems to be an useful tool in estimate Chinese people’s investment habits. Of course, we can’t tell how reliable it is to tell any price rise. The more media sensation (bad news and good news) about bitcoin, the …

Bitcoin more favorable than gold in China

Is bitcoin more favorable than gold in China now that CNY is devalued? We try to get some perspectives from Baidu search Index. We can see clearly when CNY is devalued from Friday 27th May onwards, they move in the same direction but there is double the number of searches for”Buy+bitcoin” than “Buy+gold”. Is bitcoin …

Breaking: Mystery of Bitcoin’s 2016 new high analyzed from Baidu search trends

Just when you were having a great weekend taking a break and having family time, the price of bitcoin has risen a staggering 10% !!! The rise started 27th may (Friday) and the time of writing, it is USD$530.23/bitcoin (from coindesk) The common reason is due to the devalued CNY. Basically, it seems to indicate …