Nothing unusual there 
Imagine how the Chinese feel trying to read the Satoshi white paper in mandarin using google translate.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30310. (Read 26709251 times)
January 15, 2014, 03:40:12 AM
Imagine how the Chinese feel trying to read the Satoshi white paper in mandarin using google translate.
January 15, 2014, 03:29:58 AM
Nothing unusual there
January 15, 2014, 03:28:09 AM
source:
http://finance.sina.com.cn/stock/t/20140115/134217961703.shtml?qq-pf-to=pcqq.group
From google translate:
Shengsong Cheng : Bitcoin does not have the characteristics of the investment should pay attention to currency risk
At 13:42 on January 15, 2014 Securities Times News Network , I have something to say
Securities Times News Network (www.stcn.com) 01月15 hearing
January 15 , the State Council Information Office held a press conference , the People's Bank of China [ microblogging ] Survey Statistics Division Shengsong Cheng describes the situation in 2013 China 's financial statistics and answered reporters ' questions. Shengsong Cheng said Bitcoin itself is not denominated in the currency , nor as the pricing currency may , for Bitcoin transactions , investments, need to pay attention to risk.
Some media questions about bitcoin question as to how the Chinese central bank Bitcoin development in China perceive you think bitcoin will bring what risks the Chinese government should prohibit the use of bitcoins you
Shengsong Cheng said the question about Bitcoin , the PBOC and other five ministries jointly issued a notice , I would like to emphasize , first, we propose , is not the true meaning of bitcoin currency . Second, we prompt the Bitcoin risk and made the request . Bitcoin is a specific virtual goods . I understand what is first and foremost a medium of exchange currency is widely accepted by society as a whole medium for the exchange of commodities . Monetary developments in the history of thousands of years , once the physical currency , the final form of physical currency is gold and silver . Like Marx said gold ( 1239.20 , -5.50 , -0.44 % ) is naturally currency.
The most essential characteristic of money is a medium of exchange and measure of value . Itself to be valuable, so it can be denominated . Since gold production is limited, it can not meet the growing social and economic development , so the gold standard collapsed . From the later seventies of last century , the world monetary credit system completely behind monetary credit system is a powerful force of national credit and forced the country , so we put the national currency , credit currency called legal tender .
He also said, " we take a look at Bitcoin , Bitcoin is not having the characteristics of these currencies as far as I know, the vast majority of countries do not recognize the Bitcoin currency status . Currency in circulation in addition to the media , the value of scale functions , there is a very important function is denominated instruments . Bitcoin itself is not denominated in the currency , nor as the pricing currency speculation could plunge ● "currency " can be used as currency Bitcoin transactions do good for investment or, it should be noted that the risk of People's Bank and the authorities will continue to monitor the movements of Bitcoin and associated risks , strengthen the monitoring, analysis , and guide the public to establish a correct concept of money and investment philosophy . "
( Securities Times Online News Centre )
Still incomprehensible..What do you think guys?
http://finance.sina.com.cn/stock/t/20140115/134217961703.shtml?qq-pf-to=pcqq.group
From google translate:
Shengsong Cheng : Bitcoin does not have the characteristics of the investment should pay attention to currency risk
At 13:42 on January 15, 2014 Securities Times News Network , I have something to say
Securities Times News Network (www.stcn.com) 01月15 hearing
January 15 , the State Council Information Office held a press conference , the People's Bank of China [ microblogging ] Survey Statistics Division Shengsong Cheng describes the situation in 2013 China 's financial statistics and answered reporters ' questions. Shengsong Cheng said Bitcoin itself is not denominated in the currency , nor as the pricing currency may , for Bitcoin transactions , investments, need to pay attention to risk.
Some media questions about bitcoin question as to how the Chinese central bank Bitcoin development in China perceive you think bitcoin will bring what risks the Chinese government should prohibit the use of bitcoins you
Shengsong Cheng said the question about Bitcoin , the PBOC and other five ministries jointly issued a notice , I would like to emphasize , first, we propose , is not the true meaning of bitcoin currency . Second, we prompt the Bitcoin risk and made the request . Bitcoin is a specific virtual goods . I understand what is first and foremost a medium of exchange currency is widely accepted by society as a whole medium for the exchange of commodities . Monetary developments in the history of thousands of years , once the physical currency , the final form of physical currency is gold and silver . Like Marx said gold ( 1239.20 , -5.50 , -0.44 % ) is naturally currency.
The most essential characteristic of money is a medium of exchange and measure of value . Itself to be valuable, so it can be denominated . Since gold production is limited, it can not meet the growing social and economic development , so the gold standard collapsed . From the later seventies of last century , the world monetary credit system completely behind monetary credit system is a powerful force of national credit and forced the country , so we put the national currency , credit currency called legal tender .
He also said, " we take a look at Bitcoin , Bitcoin is not having the characteristics of these currencies as far as I know, the vast majority of countries do not recognize the Bitcoin currency status . Currency in circulation in addition to the media , the value of scale functions , there is a very important function is denominated instruments . Bitcoin itself is not denominated in the currency , nor as the pricing currency speculation could plunge ● "currency " can be used as currency Bitcoin transactions do good for investment or, it should be noted that the risk of People's Bank and the authorities will continue to monitor the movements of Bitcoin and associated risks , strengthen the monitoring, analysis , and guide the public to establish a correct concept of money and investment philosophy . "
( Securities Times Online News Centre )
Still incomprehensible..What do you think guys?
January 15, 2014, 03:14:43 AM
Dat volume on -e.
Wowzer!
Wowzer!
January 15, 2014, 03:12:21 AM
the lil gox push to 960, might spark huobi into something but it is 1600+ coins to deal with to get to 5200 cny
January 15, 2014, 03:07:33 AM
I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.
Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300 I expect a rally, China was just scaring us away from the cheap coins...
+1
January 15, 2014, 03:03:54 AM
Choo choo 
that support is growing..and resistance is dying for the moment at least
470 coins @ 970 vs 820coins @ 920
January 15, 2014, 03:02:00 AM
Choo choo
January 15, 2014, 02:53:52 AM
Looks like it's already over. We reached 960 which means it's time to panic sell of course.
Ok i'll stop now.
Ok i'll stop now.
So like Adam mentioned if we can bust through resistance points, consolidate and build support and break the next point we can choo choo to ATH. I know that requires a lot of things going the way of the bull but not impossible. From the looks of it +20 dollars has 350 coin wall at 960, and -20 @ 920 has 500 coin support not including the price point in between... however I think if we don't see major dumps by 6am est we'll probably consolidate at this price range 930-950 @ gox ofc
700 coin support at 920 vs 773 resistance at 970
BUILD SUPPORT !!! RESISTANCE IS FUTILE LoL
January 15, 2014, 02:48:04 AM
I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.
Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300 I expect a rally, China was just scaring us away from the cheap coins...
January 15, 2014, 02:37:57 AM
I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.
Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300 January 15, 2014, 02:35:52 AM
0.01 bot is buying not selling 0.01s think the bot thinks were gonna rally lol
January 15, 2014, 02:26:45 AM
I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.
Because I'm pretty sure nothing is going to happen there that day.
Because I'm pretty sure nothing is going to happen there that day.
January 15, 2014, 02:15:02 AM
Granted it is only one sample, I picked blue as the fake data right away.
Good. Can you tell what looked "wrong" with that one?Brownian motion follows a normal distribution. Price changes follow a power law distribution with clustering of high standard deviation data points.
In that interval, in particular, the red curve has larger deviations in the first half, smaller in the middle (from ~120 to ~150) and then intermediate ones near the end.
However, that effect seems to be rather subtle. Perhaps it was the non-normal distribution of the changes that made the red curve look different?
http://www.amazon.com/gp/aw/d/0465043577
^ What I'm currently reading. But from what I understand, the derivative of price does not follow a normal distribution. There are far too many data points with high standard deviations. Instead you need a distribution with so-called fat tails.
January 15, 2014, 02:13:24 AM
anyways going to sleep...hope I wake up to sub 800 coins
you mean sub 80?
Hmmmmm you may wake up with stamp over 900 and gox 1.000.........
Sleep well
January 15, 2014, 02:03:26 AM
Looks like it's already over. We reached 960 which means it's time to panic sell of course.
Ok i'll stop now.
Ok i'll stop now.
So like Adam mentioned if we can bust through resistance points, consolidate and build support and break the next point we can choo choo to ATH. I know that requires a lot of things going the way of the bull but not impossible. From the looks of it +20 dollars has 350 coin wall at 960, and -20 @ 940 has 500 coin support not including the price point inbetween... however I think if we don't see major dumps by 6am est we'll probably consolidate at this price range 930-950 @ gox ofc
January 15, 2014, 02:02:40 AM
January 15, 2014, 01:50:58 AM
Looks like it's already over. We reached 960 which means it's time to panic sell of course.
Ok i'll stop now.
Ok i'll stop now.
January 15, 2014, 01:49:44 AM
I'm just wondering how it's working out for all these guys with lines, fibs, waves
and bear flags
January 15, 2014, 01:47:32 AM
The TLDR version of the China news is that some senior party official banking guy restated the Dec 6 announcement which was that people are free to trade in bitcoin at their own risk.
This is being taken as a signs that nothing will happen on 31 Jan.
This is being taken as a signs that nothing will happen on 31 Jan.
FUD is FUD but we'll see how that develops...however it is just them sticking to the original statement which kept being taken out of context.
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