Author

Topic: 2013-10-16 TGB: Bitcoin Climbs to Highest Price Since April, Led By CNY Movement (Read 1340 times)

legendary
Activity: 1792
Merit: 1000
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.
legendary
Activity: 1232
Merit: 1011

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.

hero member
Activity: 518
Merit: 500
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?
legendary
Activity: 1232
Merit: 1011
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.
legendary
Activity: 2114
Merit: 1031
I am so annoyed with this china story.

somebody should dump already.

lol, seller's remorse?
legendary
Activity: 1232
Merit: 1011
I am so annoyed with this china story.

somebody should dump already.
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
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%."
sr. member
Activity: 400
Merit: 250
the sun is shining, but the ice is still slippery
legendary
Activity: 1190
Merit: 1001
Thanks for the interesting article Smiley
Jump to: