There is no way that the market could have anticipated all of the latest news that has gone viral.
We are not "stable" until single traders (or small groups) are unable to crash the price to single digits.
We are a house of cards.
You idiot.
Topic: Am I the only one that finds this brief period of stability surprising? - page 2. (Read 2206 times)
November 01, 2013, 12:01:27 PM
We are not "stable" until single traders (or small groups) are unable to crash the price to single digits.
We are a house of cards.
You idiot.
November 01, 2013, 12:01:05 PM
I have a lot of trust and hope for the crypto-currency space, but one thing I have noticed is that there is no real stability. I think of it more like the stock market or even roulette at the casino. Just because for the past x days a stock trades at $y doesn't mean we have any idea if it will go up/down/stay today. Same with roulette - getting black 50 times in a row doesn't mean more black or that red is "due" to hit soon. Same way with this market right now. Things go up and down so quickly and often times for reasons that don't make sense or are obvious to most market players.
That being said, the recent rise to $200 is nice and I hope it stays for a while
That being said, the recent rise to $200 is nice and I hope it stays for a while
November 01, 2013, 11:57:24 AM
There is no way that the market could have anticipated all of the latest news that has gone viral.
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