Well, as a day trader, this is really boring and hard to make much money. Volume equals profit in this and there is no volume.
I haven't even bothered trading much the last 2 days. Bought a bit at 115, but not even much, then sold at the high 20s =/
Still worried a bit that this is all just a dead cat bounce and the volume is the data I should be looking at more closely.
Topic: Volumes really down, price really stable. What's happening Apr20,'13. PDT 3.x am (Read 3007 times)
April 21, 2013, 02:29:09 AM
April 20, 2013, 12:54:28 PM
* Volumes are really down
I don't know which charts you are looking at, but I must be reading them wrong. The volume has been insane ever since the peak.
I'm looking at something like the following
https://i.imgur.com/jGyKkpP.png
April 20, 2013, 11:27:42 AM
Hopefully I got some @ 121 just before it rose.
April 20, 2013, 11:18:48 AM
Guess ppl got tired of waiting 
April 20, 2013, 10:54:01 AM
(http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-28zeg2013-04-03ztgSzm1g10zm2g25zv)
Another fine example of what we might be experiencing here
People waiting for the weekend dip = low volumes
No dip happening = shootup in prices in the end of the weekend
April 20, 2013, 10:33:23 AM
Sideways is great. Less volatility = better confidence.
I agree, would much rather see it flat or moving up very slowly rather than huge swings up and down.
How can you expect that with all these newbs constantly crowding in. It's not going to happen without the user base stabilizing first.
April 20, 2013, 10:02:18 AM
Sideways is great. Less volatility = better confidence.
I agree, would much rather see it flat or moving up very slowly rather than huge swings up and down.
April 20, 2013, 09:42:26 AM
Sideways is great. Less volatility = better confidence.
April 20, 2013, 09:02:23 AM
Perhaps we're in a September 2012 post-crash kind of situation.
I've thought about that too, a gradual climb, but generally hovering sideways for months. I think it would be faster this time simply because the market is so much bigger now. 
April 20, 2013, 08:57:29 AM
Perhaps we're in a September 2012 post-crash kind of situation.
April 20, 2013, 08:30:31 AM
Calm before the storm, look at the 6th and 7th of April (also a weekend) where the volume was also very low and price stable at $140. After that weekend it went ballistic and the price shot up to the ATH of $266 in just 3 days. Not saying that's gonna happen again, but I think we can expect quite some action after the weekend.
April 20, 2013, 08:28:12 AM
A small amount of sanity is probably a good thing for a few days
April 20, 2013, 08:15:30 AM
Yes, It's impossible to do day trading with BTCs with this low volatility 
I want the old good 30% changes in a few minutes.
I want the old good 30% changes in a few minutes. April 20, 2013, 07:48:49 AM
Yeah it's way too stable...it's boring and there's not much money to be made 
April 20, 2013, 07:14:02 AM
This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices.
I had some spanish guy PMing me asking to buy my bot. I gave him a reasonable price and he freaked. Hope you warned whoever's using it that it's not a magical profit machine unless you use it right.
I did not want to buy it.
Just ask some help for make my own Bot. I need the root code for mtgox conection.
and $3000 dollars is not a reasonable price for a student...
April 20, 2013, 06:56:55 AM
We've found a reasonable short-term price.
I do notice that the prices are being rounded-off a lot recently, ie. $120.00 dead.
Is this evidence it's mostly being traded and not bought into or cashed out of?
Exuberance at this point is only going land us in a cycle of boom and bust which many long-term holders may get bored (or scared) of.
Good for day-traders while it lasts though.
I do notice that the prices are being rounded-off a lot recently, ie. $120.00 dead.
Is this evidence it's mostly being traded and not bought into or cashed out of?
Exuberance at this point is only going land us in a cycle of boom and bust which many long-term holders may get bored (or scared) of.
Good for day-traders while it lasts though.
April 20, 2013, 06:54:20 AM
This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices.
I had some spanish guy PMing me asking to buy my bot. I gave him a reasonable price and he freaked. Hope you warned whoever's using it that it's not a magical profit machine unless you use it right.
April 20, 2013, 06:28:04 AM
I think its going to explode monday/tuesday. So yeah "quite before the hurricane" is my bet too
[/quote]
This happens sometimes:
https://i.imgur.com/hHplSyrl.png
One might call it the "quiet before the storm".
[/quote]
[/quote]
This happens sometimes:
https://i.imgur.com/hHplSyrl.png
One might call it the "quiet before the storm".
[/quote]
April 20, 2013, 06:04:21 AM
This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices.
April 20, 2013, 06:01:28 AM
I don't find it too surprising; we've seen it before at least.
The people waiting for a weekend dip already sold, and won't buy back in until at least Sunday. There isn't new money coming in, so there is less pressure for the price to go up until Monday.
With all the price swings this week, people are more confused than ever about which direction the market is going to go, and tend to not trade until something happens.
That's how I think about it at least.
The people waiting for a weekend dip already sold, and won't buy back in until at least Sunday. There isn't new money coming in, so there is less pressure for the price to go up until Monday.
With all the price swings this week, people are more confused than ever about which direction the market is going to go, and tend to not trade until something happens.
That's how I think about it at least.
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