Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cbutters
on 17/12/2013, 18:46:28 UTC
It is going up in the short-term only to go even lower by next week or so. We are eventually headed to the $400-$500 level - maybe slightly lower.

Probably much, much lower, now that the absolute worst has been confirmed by sources and by official PBOC statements.  Get out now.

While the document you linked is scary official looking, and in chinese so nobody can really read it easily, a google translate shows that this document doesn't even mention bitcoin or anything related to policy, it just mentions the characteristics of deposits int foreign currency and basically is a financial report on what happened with the bank in october..... not sure what we are supposed to extrapolate from this information.