It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
It looks like nobody wants to sell bitcoin cheap no more, nor buy high
Topic: Is the rally train leaving the station at $14? (Read 2713 times)
It looks like nobody wants to sell bitcoin cheap no more, nor buy high
It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
I was thinking bitcoin was quite volatile but its completely changed. I hope it does get moving or I'll have to try my algorithm out on something different.
i did ALOT more trading when i didn't have any transaction fees, so it may keep it down a little bit but i doubt it'd make a huge difference
Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
Not true. Us zero fee traders are back up to 0.3% fees as of a few days ago.
First, with 0.3% on both sides, you need close to an eight cent spread to break even. Second, regardless of fees, if you hold the price against the view of the market, you will lose money. Quit looking for a conspiracy and you just might see things more clearly.
Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
Not true. Us zero fee traders are back up to 0.3% fees as of a few days ago.
Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
Not true. Us zero fee traders are back up to 0.3% fees as of a few days ago.
Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
a couple of large purchases have not been countered by like sales.
The only time there is such a thing as a purchase or a sale is when they are still outstanding. Every big sale requires buyers and every big buy requires sellers.
What I meant was two periods in which prices moved sharply upwards on much higher volume, suggesting perhaps two large orders to buy at market. This behavior is contrary to what happened earlier in the month - from the 11th to the 18th - in which prices moved lower during some periods of atypical high volume, suggesting large orders to sell at market.
Much better
Also, quite true. I'm expecting some nice long-term gains - wouldn't be surprised at all to see $20 before the end of the month.
a couple of large purchases have not been countered by like sales.
The only time there is such a thing as a purchase or a sale is when they are still outstanding. Every big sale requires buyers and every big buy requires sellers.
What I meant was two periods in which prices moved sharply upwards on much higher volume, suggesting perhaps two large orders to buy at market. This behavior is contrary to what happened earlier in the month - from the 11th to the 18th - in which prices moved lower during some periods of atypical high volume, suggesting large orders to sell at market.
a couple of large purchases have not been countered by like sales.
The only time there is such a thing as a purchase or a sale is when they are still outstanding. Every big sale requires buyers and every big buy requires sellers.
The big declines are not upto us. It's upto the holder of 10000 btc
Doesn't seem to be going anywhere... 14.3 is all.
I sold my 12 month hoard of bitcoins at 15.5 on the way down as the bitcoin bubble deflated. In the past week, the price trend has stopped declining, and a couple of large purchases have not been countered by like sales.
This morning I bought back in via small lots at about 14.1. And I've stopped selling my daily mined bitcoins.
Is the bubble deflated and the rally train leaving the station, or do you guys see more bubble deflation ahead?
This morning I bought back in via small lots at about 14.1. And I've stopped selling my daily mined bitcoins.
Is the bubble deflated and the rally train leaving the station, or do you guys see more bubble deflation ahead?
There are going to be lots of rallies and lots of crashes before Bitcoin stabilizes somewhat. Some of them will make last month's rally and crash seem insignificant by comparison.
Agreed I think we have reached a floor at around 11.50-12.50 range where that price is low enough for a lot of people to start buying and then the 15$ range seems to be the ideal sell off point. I see things stuck between this range for a LONG time which imo is not a bad thing if start up business want bitcoin stable so they can predict their costs and income.
There are going to be lots of rallies and lots of crashes before Bitcoin stabilizes somewhat. Some of them will make last month's rally and crash seem insignificant by comparison.
I sold my 12 month hoard of bitcoins at 15.5 on the way down as the bitcoin bubble deflated. In the past week, the price trend has stopped declining, and a couple of large purchases have not been countered by like sales.
This morning I bought back in via small lots at about 14.1. And I've stopped selling my daily mined bitcoins.
Is the bubble deflated and the rally train leaving the station, or do you guys see more bubble deflation ahead?
This morning I bought back in via small lots at about 14.1. And I've stopped selling my daily mined bitcoins.
Is the bubble deflated and the rally train leaving the station, or do you guys see more bubble deflation ahead?
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