Topic: Exchange Market *Special* Report 29 July (Read 8129 times)

Activity: 980
Merit: 1013
July 29, 2010, 06:31:07 PM
I made a bit of cash in the process, but the rise was totally unanticipated, so I missed out. However, it could be worse.

Currency trading is fun, but essentially it's gambling. I strongly advice anybody who earned on the market to pull a portion of what they earned into their little piggy bank, which I plan to do by the end of the week. It's also a good idea to not trade everything you have.
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Today we witnessed a major shift in the two BTC exchange markets.  Bids now outweigh Asks by a margin of about 3 to 1 on GOX (Ask Volume: 3686.57  Bid Volume: 9420.01), and a quick glance at the offers tables at the BCM show many more bids than asks.  It's pretty clear that exchange prices are rising after a slump at the beginning of the week.
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