The long July 4th weekend | Bitcointalksearch.org

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Quote from: mgio on July 02, 2013, 03:24:32 PM

Quote from: AmDD on July 02, 2013, 01:06:25 PM

Why would there be less money put into the market on a long weekend like this? (serious question)
Wouldnt the fact that more people will be off work mean they have more time to spend on the exchanges? Or is the opposite true?

Possibly because many speculators buy and sell while they are sitting at their computers at work.

If they are out at a BBQ and watching fireworks or traveling with the kids to the beach for the long weekend they are definitely NOT buying and selling bitcoins.

We will probably see reduced volume, but who know which way the market will go.

I agree with this assessment, but think it will trend downward into the 80s or high 70s. Don't let it happen! Stay at your computer all weekend!!

samson

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Quote from: AmDD on July 02, 2013, 01:06:25 PM

Why would there be less money put into the market on a long weekend like this? (serious question)
Wouldnt the fact that more people will be off work mean they have more time to spend on the exchanges? Or is the opposite true?

I used to wonder this too. I work for myself from home so I'm always working on and off 7 days a week to some degree.

I assumed a lot of others would be the same but they're not - most people seem to do nothing all weekend.

mgio

hero member

Activity: 546

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Quote from: AmDD on July 02, 2013, 01:06:25 PM

Why would there be less money put into the market on a long weekend like this? (serious question)
Wouldnt the fact that more people will be off work mean they have more time to spend on the exchanges? Or is the opposite true?

Possibly because many speculators buy and sell while they are sitting at their computers at work.

If they are out at a BBQ and watching fireworks or traveling with the kids to the beach for the long weekend they are definitely NOT buying and selling bitcoins.

We will probably see reduced volume, but who know which way the market will go.

samson

legendary

Activity: 2097

Merit: 1070

The perfect storm is forming.

Gox banking issues are all expected to be fixed by tomorrow (it's Wednesday morning here right now)
The price has already been falling in a downtrend for the last month and a half.
Long US weekend

It's going to be an interesting week Shocked

Agricola

newbie

Activity: 31

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Quote from: AmDD on July 02, 2013, 01:06:25 PM

Why would there be less money put into the market on a long weekend like this? (serious question)
Wouldnt the fact that more people will be off work mean they have more time to spend on the exchanges? Or is the opposite true?

I was asking the same thing. I believe a lot of speculators (I would not call them economist) on here make a great deal of exaggerated or flawed generalizations.

AmDD

legendary

Activity: 1027

Merit: 1005

Why would there be less money put into the market on a long weekend like this? (serious question)
Wouldnt the fact that more people will be off work mean they have more time to spend on the exchanges? Or is the opposite true?

MonadTran

full member

Activity: 181

Merit: 100

It might actually be that someone dumped in anticipation, in order to rebuy on the weekend.
I know, I know. Pure speculation.

Jaroslaw

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supernode

we can hit 70$ or even 60$ by this time

Elwar

legendary

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Viva Ut Vivas

Here in the states we have a holiday on Thursday. Most people will be taking Friday off. Look for a long weekend of not much money flowing into the market.

Topic: The long July 4th weekend (Read 944 times)