Why the price sticked to 620-630$? - page 2.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Ibian on June 12, 2014, 04:41:37 AM

Ignore the troll.

From what I gather there are a lot of leveraged longs in bitfinex. If the price goes up they will sell, making the price go down, so stamp is not buying.

If I'm completely wrong about that someone please correct me.

Bitfinex came out and said they are pulling their arbitrage program out of Stamp to become a more independent exchange. This is the main reason for why Stamp is suddenly lower, it will find a new equilibrium as new arbitrage bots fill in the gap. Meanwhile profit while you can from this temporary imbalance.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

lol at falllling

In the previous bubbles there was always a gradual rise and then a period of stability before a sharp rally... I might worry if the price is still around $640 at the end of July.

falllling

member

Activity: 112

Merit: 10

Quote from: gondel on June 12, 2014, 04:35:22 AM

Quote from: falllling on June 12, 2014, 04:33:11 AM

Quote from: gondel on June 12, 2014, 04:29:59 AM

$6xx is already the top bubble

What makes you think so? The lost of those coins in MTgox was very long time ago, not sure if this is still affecting the price anymore

do you have any idea how 800k + 200k bitcoins are, how much do they worth, how many new bitcoiners needed to buy them all?
and, without China

It is about 630 Millions right now , yes i know that this is not little amount, but wasnt too far ago? There is some good news these days about BTC so why not the price goes up?
BR

not too far at all, it can last one more year
yes, there are some good news, that's why we are now at $6xx bubble instead of going back to about $7/per coin, however good news are not enough at all, we are still slowly dropping back to $500 $400 $300
lets hope more news come out so the price won't drop too low at least stay above $100, or the market will crash

Ibian

legendary

Activity: 2268

Merit: 1278

Ignore the troll.

From what I gather there are a lot of leveraged longs in bitfinex. If the price goes up they will sell, making the price go down, so stamp is not buying.

If I'm completely wrong about that someone please correct me.

gondel

legendary

Activity: 1960

Merit: 1005

Quote from: falllling on June 12, 2014, 04:33:11 AM

Quote from: gondel on June 12, 2014, 04:29:59 AM

$6xx is already the top bubble

What makes you think so? The lost of those coins in MTgox was very long time ago, not sure if this is still affecting the price anymore

do you have any idea how 800k + 200k bitcoins are, how much do they worth, how many new bitcoiners needed to buy them all?
and, without China

It is about 630 Millions right now , yes i know that this is not little amount, but wasnt too far ago? There is some good news these days about BTC so why not the price goes up?
BR

falllling

member

Activity: 112

Merit: 10

Quote from: gondel on June 12, 2014, 04:29:59 AM

$6xx is already the top bubble

What makes you think so? The lost of those coins in MTgox was very long time ago, not sure if this is still affecting the price anymore

do you have any idea how 800k + 200k bitcoins are, how much do they worth, how many new bitcoiners needed to buy them all?
and, without China

lets say the top bubble is $1000, 1000*1000000=$1000000000, that's One Billion Dollar

gondel

legendary

Activity: 1960

Merit: 1005

$6xx is already the top bubble

What makes you think so? The lost of those coins in MTgox was very long time ago, not sure if this is still affecting the price anymore

falllling

member

Activity: 112

Merit: 10

no worry, a full market crushing to $5xx and $4xx is coming very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, $6xx is already the top bubble

gondel

legendary

Activity: 1960

Merit: 1005

The topic is saying it all:
I am wandering why the price is exactly at this level these days? It is almost not moving, no drops, nothing..
BR

Topic: Why the price sticked to 620-630$? - page 2. (Read 1807 times)