I guess this is why I asked. I understand every single person has their own agenda's and goals(in the market and in life) and these vary wildly. Just trying to get a better understanding of this one aspect of the market.Thank you for your input.
Topic: Price bouncing.. (Read 1529 times)
Good point. I guess this is why I asked. I understand every single person has their own agenda's and goals(in the market and in life) and these vary wildly. Just trying to get a better understanding of this one aspect of the market.
Thank you for your input.
I guess this is why I asked. I understand every single person has their own agenda's and goals(in the market and in life) and these vary wildly. Just trying to get a better understanding of this one aspect of the market.Thank you for your input.
Um ok...are you implying I'm Edward50? I don't know who that is honestly...
I was just trying to figure out the logic of the small trades.
I was just trying to figure out the logic of the small trades.
Sorry, I meant bot trading as opposed to a manual one and professional/investment miners (there is a clear balance when you hoarded more than your initial investment and chose to recoup it or expand, those who expand until major investment is required). That is to say off cause - those miners have cheap enough/free electricity whether legally or not.
So you do agree with me that most of the current traded volume just goes back and forth with only enough slack given to keep it within ‘healthy’ market indicators?
Why not to go for more volatility, I wonder?
So you do agree with me that most of the current traded volume just goes back and forth with only enough slack given to keep it within ‘healthy’ market indicators?
Why not to go for more volatility, I wonder?
Judging by the pattern, one reach enough person trades his funds (at least a certain amount of them) to and forth to make some negligible profit. It is not so negligible if multiplied by the volume, however, and most of the work is done by bots anyway. This person is currently profiting from bid pressure and can indeed lose significantly if the price goes down >10%. (This is provided he going short and uses most of his funds and not just a portion). Same person, in my view, using a pretty clear visual stimulus makes bid side less abrasive than ask side just to control the indicator ‘waves’ and make a favourable (for him) impression.
Higher volatility would mean better profits but bigger risk, obviously, so the current price is somewhat constrained (at a minor loss sometimes) to keep it that way. As much as I want to think that it is a ‘free’ market, unfortunately it is too small and not diversified enough to be such. Furthermore, taking into account ‘experience’ and divergence of traders it would likely remain such unless the price raises 20x+ and all unprofessional investors are relieved of their bitcoins.
In any case I believe that the downward movement is currently aided by the significant mass of the mining community selling off their proceeds as soon as possible. Therefore the upward movement we see now is a clear bullish indicator
Higher volatility would mean better profits but bigger risk, obviously, so the current price is somewhat constrained (at a minor loss sometimes) to keep it that way. As much as I want to think that it is a ‘free’ market, unfortunately it is too small and not diversified enough to be such. Furthermore, taking into account ‘experience’ and divergence of traders it would likely remain such unless the price raises 20x+ and all unprofessional investors are relieved of their bitcoins.
In any case I believe that the downward movement is currently aided by the significant mass of the mining community selling off their proceeds as soon as possible. Therefore the upward movement we see now is a clear bullish indicator
No offense...
But this is riddled with errors..
The bitcent trades are for bots, from bots, for bots to get price without relying on the market tickers which go down constantly..
And as a miner, I dont sell my coins as soon as possible, most miners are like me or hoarding
Food for thought
Judging by the pattern, one reach enough person trades his funds (at least a certain amount of them) to and forth to make some negligible profit. It is not so negligible if multiplied by the volume, however, and most of the work is done by bots anyway. This person is currently profiting from bid pressure and can indeed lose significantly if the price goes down >10%. (This is provided he going short and uses most of his funds and not just a portion). Same person, in my view, using a pretty clear visual stimulus makes bid side less abrasive than ask side just to control the indicator ‘waves’ and make a favourable (for him) impression.
Higher volatility would mean better profits but bigger risk, obviously, so the current price is somewhat constrained (at a minor loss sometimes) to keep it that way. As much as I want to think that it is a ‘free’ market, unfortunately it is too small and not diversified enough to be such. Furthermore, taking into account ‘experience’ and divergence of traders it would likely remain such unless the price raises 20x+ and all unprofessional investors are relieved of their bitcoins.
In any case I believe that the downward movement is currently aided by the significant mass of the mining community selling off their proceeds as soon as possible. Therefore the upward movement we see now is a clear bullish indicator
Higher volatility would mean better profits but bigger risk, obviously, so the current price is somewhat constrained (at a minor loss sometimes) to keep it that way. As much as I want to think that it is a ‘free’ market, unfortunately it is too small and not diversified enough to be such. Furthermore, taking into account ‘experience’ and divergence of traders it would likely remain such unless the price raises 20x+ and all unprofessional investors are relieved of their bitcoins.
In any case I believe that the downward movement is currently aided by the significant mass of the mining community selling off their proceeds as soon as possible. Therefore the upward movement we see now is a clear bullish indicator
They are getting the price, without the market tickers by trading miniscule amounts..
What's causing the trades at both 4.86 and 4.92 simultaneously? No person in their right mind would buy something more expensive when for the same amount of effort they could get it cheaper. I guess these are small transactions and its a bot. I guess I just don't see how they affect the over all price and what the purpose is.
Hmm are they constantly shifting pennies to make hundredths of a cent? I guess the dust eventually accumulates. If it's to avoid fees also, that's kind of lame.
Hmm are they constantly shifting pennies to make hundredths of a cent? I guess the dust eventually accumulates. If it's to avoid fees also, that's kind of lame.
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