2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement

[Arvicco]

http://thegenesisblock.com/bitcoin-climbs-highest-price-since-april-led-cny-movement/

[BitAddict]

Thanks for the interesting article

[mobile]

Buckle your seat belts!

[aigeezer]

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%."

[tarmi]

I am so annoyed with this china story.

somebody should dump already.

[kjlimo]

I am so annoyed with this china story.

somebody should dump already.

lol, seller's remorse?

[tarmi]

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.

[mccorvic]

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?

[tarmi]

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.

[Scott J]

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.

It helps, when on a discussion forum, to explain why you're fed up/happy/indifferent to the topic.

Otherwise every thread would just be full of emoticons.