And I bet you still buy stocks. Even though Enron, wcom, bear, Madoff, financial crisis, LTCM. 90's bubble....cmon man.
China is not the best trader. How did their copper trade from two years ago work out? How about USG paper that they can't sell without crashing the market (and the value of their holdings). How about buying gold now that the parabola has come and gone..... How about following in the footsteps of he US housing bubble after seeing it practically destroy our financial system? The Chinese are a very estudious race, but they don't seem to be the best traders. They copy ideas and hope they will have value, long after their time has come and gone. Chinese buying of BTC is just another sign of the top, although they usually buy after the top :eek: