Btc after weekends | Bitcointalksearch.org

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: darkangel11 on January 04, 2015, 03:16:54 PM

Quote from: Coinshot on January 04, 2015, 02:57:19 PM

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

There were no news to cause big selling pressure. Slow dump - slow recovery. Anyway btc is looking really weak atm looks like people are simply leaving not selling to buy low like they were doing 6 months ago.

You're proving my point that it probably wasn't "one big entity" that's caused the decline in price.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Coinshot on January 04, 2015, 02:57:19 PM

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

There were no news to cause big selling pressure. Slow dump - slow recovery. Anyway btc is looking really weak atm looks like people are simply leaving not selling to buy low like they were doing 6 months ago.

Coinshot

hero member

Activity: 521

Merit: 500

It has to go to 250-260 before it can move up. A crash with big volume is better as it would swing it up with speed. So far it has been going down slowly which is not what I would have preferred.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Possum577 on January 04, 2015, 12:44:32 PM

Why do you think some big entity is doing the selling? Maybe it's a ton of smaller transactions?

Depends what you consider a smaller transaction. I've seen orders of 500+ BTC appearing in seconds one after another. Those who invested at 300+ got scared that it's not going up and dumped it all back to the ~280 which caused a panic sell that broke below 260...

Check bitstamp for example the price was slowly sliding with some resistance to $280 and then dumped to 255 almost instantly (panic sell). panics usually have a rebound when they end, so the price should go back to ~290 in the coming days.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Why do you think some big entity is doing the selling? Maybe it's a ton of smaller transactions?

hendracaw

full member

Activity: 123

Merit: 100

i think the price no more than $300.

Bitcoin_BOy$

hero member

Activity: 854

Merit: 503

|| Web developer ||

At this rate everyone one will buy and sell the price could not move

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Q7 on January 04, 2015, 07:59:29 AM

Which brings me to the question on why somebody or some big entity decides to sell on weekends instead of doing it on a normal working day.

Why not?

This isn't the stock market where you are limited to working hours from Monday to Friday.

The great thing about Bitcoin exchanges is that you can sell or buy whenever you want 24/7.

Q7

sr. member

Activity: 448

Merit: 250

Which brings me to the question on why somebody or some big entity decides to sell on weekends instead of doing it on a normal working day.

sase007

sr. member

Activity: 364

Merit: 250

I dont think so...

280$ maybe...

teodor87

full member

Activity: 154

Merit: 100

Man is King!

do you think monday or next week btc will be more then 300$ per 1 btc ?

Topic: Btc after weekends (Read 881 times)