Title: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: Arvicco on October 16, 2013, 03:12:13 PM http://thegenesisblock.com/bitcoin-climbs-highest-price-since-april-led-cny-movement/
Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: BitAddict on October 16, 2013, 03:38:28 PM Thanks for the interesting article :)
Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: mobile on October 16, 2013, 03:40:44 PM Buckle your seat belts!
Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: aigeezer on October 16, 2013, 03:43:26 PM Fascinating piece. A nice summary of various recent events.
Remember that correlation does not necessarily mean causation, but still: "Perhaps not incidentally, CNY price movement has been a notable leader in the latest rally. Overlaying CNY/BTC and USD/BTC trading history, it becomes clear that USD/BTC trading has been largely responsive to the Chinese markets. The graph below shows bitcoin trading in CNY markets, as well as USD/BTC levels converted to CNY for comparison. Overlaid on top of them is the differential between their prices at any given time. The differential tends to normalize around 2-3% and spikes/sinks periodically with price movement. In reviewing this chart, a consistent pattern becomes clear: CNY price movement occurs first, increasing the differential, with USD catching up much later and eventually sending the differential back down towards 3%." Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: tarmi on October 16, 2013, 03:46:15 PM I am so annoyed with this china story.
somebody should dump already. Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: kjlimo on October 16, 2013, 03:56:14 PM I am so annoyed with this china story. somebody should dump already. lol, seller's remorse? Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: tarmi on October 16, 2013, 04:03:34 PM I am so annoyed with this china story. somebody should dump already. lol, seller's remorse? nope, I feel pretty good actually. I just get fed up quick with those stories. Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: mccorvic on October 16, 2013, 04:04:57 PM I am so annoyed with this china story. somebody should dump already. lol, seller's remorse? nope, I feel pretty good actually. I just get fed up quick with those stories. Maybe stop reading them I guess? Just a thought. Do you also sit around listening to Katy Perry on your iPod and complain how sick of her you are? Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: tarmi on October 16, 2013, 04:10:46 PM Maybe stop reading them I guess? Just a thought. Do you also sit around listening to Katy Perry on your iPod and complain how sick of her you are? well, I am not reading them. Just saw another thread on this subject here, in press. I expect those kind of threads in the speculation lounge, not here. Title: Re: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement Post by: Scott J on October 16, 2013, 04:12:29 PM I am so annoyed with this china story. somebody should dump already. lol, seller's remorse? nope, I feel pretty good actually. I just get fed up quick with those stories. Otherwise every thread would just be full of emoticons. |