So, now it's a race to see who can spam the buy button the fastest?
I sincerely hope that everyone who sold lost thousands of dollars.
+1 I sincerely hope that everyone who sold lost thousands of dollars.
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 224. (Read 1811599 times)
This feeding freezy is enjoyable to watch. Bullsharks, DEVOUR!!!!
So, now it's a race to see who can spam the buy button the fastest?
I sincerely hope that everyone who sold lost thousands of dollars.
I sincerely hope that everyone who sold lost thousands of dollars.
Bitcoinity roller coaster!
Lol! Awesome!
Bitcoinity roller coaster!
I think the lag exacerbates these intraday swings. Bot trading is very risky with the lag and so bots can't act as a stabilizing force when human traders make large orders and sweep the orderbook. Without the lag bots would instantly fill both sides of the spot price after a large order, making the swings less pronounced.
btcchina much more relaxed ...
Up we go... Bitstamp at $190.
Excuse me... $195. You know this for sure because?
Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.
Bitcoin cannot be compared to any other commodity at this point. We are in uncharted territory. Expect this kind of volatility going forward. These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise. Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend
Up we go... Bitstamp at $190.
Almost $10 Bid/Ask spread
You know this for sure because?
Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.
Bitcoin cannot be compared to any other commodity at this point. We are in uncharted territory. Expect this kind of volatility going forward. These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise. Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend
I think we've hit the bottom.
It does seem we have.
not convinced yet, still too much lag ...
edit: ok maybe that was it (or today)
I think we've hit the bottom.
It does seem we have.
Back up! Just temporary?
I think we've hit the bottom.
Down we go again. Am I posting too many wall pics? Tell me to slow down if it's annoying.
Keep'em coming. It's helpful for people who are asleep or aren't able to watch the market all day.
Bought 265BTC for $37.70 for $10k at the beginning of march, sold them all off today at $191 for just over $50k.
It's only fun when i'm fiat D:
didn't you sell @195 & buy back @185?
(see your post above)
Yes, but it makes me sad I did not make more.
alright, now i remember, you've been shorting, selling coins you never owned ...
did you ever "really" buy some?
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