Bitcoin Forum

Economy => Speculation => Topic started by: Philj on August 09, 2011, 01:06:57 PM



Title: Entertainment
Post by: Philj on August 09, 2011, 01:06:57 PM
Is it just me, or is watching mtgoxlive.com this morning turning out to be more excitement than this summer's blockbuster films?  ;D


Title: Re: Entertainment
Post by: Elwar on August 09, 2011, 01:07:42 PM
900 people share your sentiments...


Title: Re: Entertainment
Post by: stsbrad on August 09, 2011, 01:37:27 PM
I can't watch it anymore. It's giving me bubble guts lol


Title: Re: Entertainment
Post by: Cluster2k on August 09, 2011, 01:40:22 PM
Is it just me, or is watching mtgoxlive.com this morning turning out to be more excitement than this summer's blockbuster films?  ;D

Sure is.  I'm also enjoying watching the huge cluster of trades on bitcoinmonitor.com.

Trade is down almost 20% from its rapid peak.  I have to wonder what the large buyer's intentions were.  Create a buying wave of higher prices to later sell into?  It didn't last long if that's the case.


Title: Re: Entertainment
Post by: coined on August 09, 2011, 01:55:45 PM
I think that was the intention, is our little free market learning quicker and quicker?
if we do catch on to the professional trader strategies they will just leave the market I think. our ability to be manipulated is the only reason they are here.


Title: Re: Entertainment
Post by: cicada on August 09, 2011, 02:06:30 PM
our ability to be manipulated is the only reason they are here.

l. o. l.

I think churning money out of this tiny, unregulated market is why they're here.


Title: Re: Entertainment
Post by: coined on August 09, 2011, 04:23:31 PM
our ability to be manipulated is the only reason they are here.

l. o. l.

I think churning money out of this tiny, unregulated market is why they're here.

that's what I meant, taking advantage of inexperienced traders in an unregulated environment.


Title: Re: Entertainment
Post by: Oldminer on August 11, 2011, 02:24:05 AM
I have to wonder what the large buyer's intentions were.  Create a buying wave of higher prices to later sell into? 

I think he essentially took a gamble that there were a lot of other buyers waiting for a rally and he simply didnt get the support he expected.

Back to the long slow slide it seems...


Title: Re: Entertainment
Post by: piramida on August 11, 2011, 06:17:40 AM
Back to the long slow slide it seems...

I think you are very wrong here. First of all, he may have wanted to just invest in BTC long-term - many people do. That's why you don't worry if you drive the price up much or not because you don't plan to sell before it hits a 100. Second, right now it does not look like a slide at all, 10 is solid and I don't see any fear, price is retained and individual sales are corrected back again and again. I'm bullish for now.


Title: Re: Entertainment
Post by: old_engineer on August 11, 2011, 07:08:55 AM
I miss the excitement from the weekend.  Right now, watching the charts is like watching paint dry.