No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
Topic: Bitcoin Price from 237.00 to 262.00 In One Day with NO NEWS - page 3. (Read 4302 times)
Lol you must be new. Welcome to bitcoin.
It doesn't mean that you will need a news event for the price to jump. A wise and shrewd trader would have bought earlier even before the news event is announced. Else what's the point on buying on a higher price after the news have come out. The investor will probably have insider information before hand so you will never know. And it's never meant to be a fair trading in the first place.
But if you where watching the markets at the time you would see it was several orders hundreds of them for different amounts.. Also I have been trading for some time and the movement was very strange.. Suddenly buy orders would come in like 700 right in the middle of the market dumping.. for example .. Humans dont do that.. they gauge the markets and make and cancel orders depending on conditions.. Unless they are set and forget orders..
Here is a real thin orderbook.
Here is a real thin orderbook.
I personally think it jumped on the news of the derivatives trading platform (http://www.coindesk.com/former-goldman-director-launches-bitcoin-derivatives-exchange/). But I could be wrong. On Coinbase it was a sudden surge in price around 10 PM EST, suggesting it may have been driven by someone with deep pockets suddenly buying up a lot of BTC.
Im I the only one that sees something wrong with this orderbook. So Thin -- and all bids jump to keep the price up -- with no sellers to speak of.. If yo
ur a trader you will know what im saying.. you seen it yourself.. Please comment.
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