Where is the weekend rally? - page 2.

btc6000

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Activity: 116

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Quote from: CEG5952 on June 07, 2014, 05:07:52 PM

Is this a new thing? The weekend rally?

Apparently so, in the minds of the George Soros wannabes who fail to consider that if the price *always* goes up on a weekend, then nobody would ever sell on a weekend. (And conversely, when we had the weekend dip fallacy for a while).

CEG5952

hero member

Activity: 658

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Buy and sell bitcoins,

Quote from: SirChiko on June 07, 2014, 05:13:12 PM

I don't see the logic behind this...rally on weekends when banks don't work? Just pray for no drop and as soon as it isn't happening (*knock knock*) i think we are fine.

I'm not so concerned about the banking days argument. I don't think there is any basis to say that most or all new money buys immediately once on an exchange. And I imagine after this prolonged bear market, there is still lots of "old money" waiting as well.

pinksheep

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Activity: 196

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Quote from: tupelo on June 07, 2014, 04:54:54 PM

A weekend drop is usually what is to be expected and as long as that is not happening, I'd say we're good Wink

I agree, a drop at the weekend is much more to be expected, where did this idea of a rally come from?

SirChiko

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I don't see the logic behind this...rally on weekends when banks don't work? Just pray for no drop and as soon as it isn't happening (*knock knock*) i think we are fine.

Wilhelm

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Activity: 1652

Merit: 1265

Quote from: tupelo on June 07, 2014, 04:54:54 PM

A weekend drop is usually what is to be expected and as long as that is not happening, I'd say we're good Wink

We should have a bear trap somewhere before the full lift-off so keep calm and HODL or BYU MAOR but do not SODL!!!

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Is this a new thing? The weekend rally? I thought we had been trained to look for a weekend dip. And I think we already had it on that drop to $635 (on Bitstamp).

tupelo

member

Activity: 99

Merit: 10

A weekend drop is usually what is to be expected and as long as that is not happening, I'd say we're good Wink

master-P

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https://keybase.io/masterp FREE Escrow Service

From what I've seen, the price of BTC usually doesn't move much on the weekends. People can't deposit fiat onto exchanges because their banks are closed.

Benjig

sr. member

Activity: 462

Merit: 250

For what i have seen , the rally have always started on sunday morning chinna time, so we are still like 5 hours from the point which has been starting the pumps.

DolanDuck

full member

Activity: 196

Merit: 101

The value has increased too much too fast in these days, a period of calm or a little drop is natural.
...but with bitcoins all is possible.

Torque

legendary

Activity: 3710

Merit: 5286

Quote from: NakedPony on June 07, 2014, 10:43:51 AM

traders switched to NXT Grin

And when the Nxt bubble slowly, agonizingly, drops back down to 0.00005 BTC after a month or two, they will get burned. Again. Wink

NakedPony

newbie

Activity: 27

Merit: 0

traders switched to NXT Grin

Alley

legendary

Activity: 910

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Can't go up 10% every week. Go long or GTFO.

MatTheCat

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Quote from: faalhaas on June 07, 2014, 07:58:22 AM

I don't see it.

Get onto Stamp and go buy some 5K BTC then u dickwad.

faalhaas

newbie

Activity: 42

Merit: 0

I don't see it.

Topic: Where is the weekend rally? - page 2. (Read 2189 times)