Topic: Mt.Gox scares people into selling - page 2. (Read 3490 times)
you're looking too much into it and missing decimal point
Sounds like a case of Arithmophobia
Read the sig
The way that Mt. Gox is set up makes people buy and sell faster. If you keep a constant eye on it, wanting to see when you should sell or buy, you will.
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
Dude, you need to take a chill pill.
It's not their fault and there's nothing wrong with it, but I just think that has an affect on things. It looks like a big change when really, it's very small.
And yes, it's good to set a price and forget it, but I read posts from many people on this forum about how they are always watching prices and panicing
And yes, it's good to set a price and forget it, but I read posts from many people on this forum about how they are always watching prices and panicing
The way that Mt. Gox is set up makes people buy and sell faster. If you keep a constant eye on it, wanting to see when you should sell or buy, you will.
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
I set my bitcoins to sell at the price I choose, set and forget. They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
I don't think it scares people, because anyone like me who doesn't want the stress of slaving over market charts 24/7 will just set the price they want and walk away.
The way that Mt. Gox is set up makes people buy and sell faster. If you keep a constant eye on it, wanting to see when you should sell or buy, you will.
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
You honestly think this scares people? It isn't even mtgox's fault in the first place that they have 8 decimals, what are they gonna do, cut them out? That is senseless.
The way that Mt. Gox is set up makes people buy and sell faster. If you keep a constant eye on it, wanting to see when you should sell or buy, you will.
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
They have made it so that they get much more traffic than needed. They have digits down to the fifth decimal point. When prices change, it looks like a big change (like 13.52470 to 13.34410). I'm not talking about the big transactions, but most of the ones I see are less than a dozen. And when you are trading a small amount of coins, it's hardly any difference in price. But the numbers look bigger because of so many decimal places and people panic or get really excited and buy or sell right away.
Is this true? I know that's what happens in my mind as I watch Mt.Gox Live
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