Kind of figured I was nitpicking there; just wasn't sure.
Topic: Huge swings (Read 1426 times)
Ah, alright.
Kind of figured I was nitpicking there; just wasn't sure.
Kind of figured I was nitpicking there; just wasn't sure.
Umm, Intersango has a a 30 day volume of 223 BTC. The trade price over there is completely irrelevant. It's meaningless. Just because one guy decides to pay $10 for a Bitcoin on an obscure exchange doesn't mean Bitcoins are worth $10.
correct. Forget about bitcoin trading volumes less than a couple of thousand btc per day. It is completely irrelevant.
Umm, Intersango has a a 30 day volume of 223 BTC. The trade price over there is completely irrelevant. It's meaningless. Just because one guy decides to pay $10 for a Bitcoin on an obscure exchange doesn't mean Bitcoins are worth $10.
Well, how I see it now is merely the appeal of a certain exchange to people, than that of others. It seems the player with the best reputability and/or involvement in the Bitcoin development itself... Well, basically it seems that if an up and coming player in the market can prove themselves, then maybe they could swing the pendulum in their favor?
I dunno, but the fact of the matter is clear, that Intersango has seen some recent upward sales. Though now that they've capped off at that, it just seems fitting that possibly other big markets will see upward shifts? Anyone see where I'm getting at?
SECOND THOUGHT: Course, you all would be thinking, "Well how would one exchange influence the price of trades on its competitors, any? Well, I'm merely thinking of slight rises in prices. Give about 1.25 USD or so.
I dunno, but the fact of the matter is clear, that Intersango has seen some recent upward sales. Though now that they've capped off at that, it just seems fitting that possibly other big markets will see upward shifts? Anyone see where I'm getting at?
SECOND THOUGHT: Course, you all would be thinking, "Well how would one exchange influence the price of trades on its competitors, any? Well, I'm merely thinking of slight rises in prices. Give about 1.25 USD or so.
Today's market stocks shows Intersango USD at a position of about 10.50 USD (Rounded out) which is 2.30+ over former market leader MtGox. Does this trend seemingly imply the newfound success in Intersango trade as more people move their trades over there?
That doesn't make any sense. If people can sell coins for 25% more over there then people would buy coins elsewhere and sell them there until there was equilibrium. The only reason I can think that they don't is that it is hard or impossible to withdraw fiat money from them, is that the case?
Today's market stocks shows Intersango USD at a position of about 10.50 USD (Rounded out) which is 2.30+ over former market leader MtGox. Does this trend seemingly imply the newfound success in Intersango trade as more people move their trades over there?
Sorry, I'm learning my speculation terminology, but I've been keeping a watch on the stocks for weeks now, since I first discovered the Bitcoin.
So I thought I might chip in what I've noticed, from the last few days as MtGox USD prices have steadily lowered. (As of this post)
Sorry, I'm learning my speculation terminology, but I've been keeping a watch on the stocks for weeks now, since I first discovered the Bitcoin.
So I thought I might chip in what I've noticed, from the last few days as MtGox USD prices have steadily lowered. (As of this post)
The trading fees have nothing to do with the price moves.
Bitcoin/USD has been in a sideways/triangle chart formation and just broke down a key support zone. This forecast I have given this morning to my subscribers. Short term trend is down now.
Bitcoin/USD has been in a sideways/triangle chart formation and just broke down a key support zone. This forecast I have given this morning to my subscribers. Short term trend is down now.
They are still at 0% at the Intersango sites like http://britcoin.co.uk and http://intersango.eu and http://intersango.us.
Yep.
Looks like now that the trade commissions are no longer at 0% we will be going back to huge swings in prices.
Great time to make some money.
Great time to make some money.
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