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Title: Markets Stable for the past week... Sign of things to come or something else?!? Post by: CCHarris on January 23, 2014, 11:24:29 AM It really seems as though the trading markets have been really stable over the last several days? Do we think this is something to be expected as BTC becomes accepted and more recognized?
Or is it something that happens from time to time, when I first started trading the market would swing wildly over $150 between the High and Low. Yesterday on BTC-e the market was so stable it only varied $38 from High to Low.... Just wonder if it is common, or do we think it could be the calm before the storm effect?!? Would like to hear from the veteran traders, what their take on the stable market will bring for trading, and if they think trading for profit will become increasingly harder in the future, and if they think the bots are making the market more predicable? Regards, CH Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: AmericanBit on January 23, 2014, 11:34:24 AM It feels like we are going to to be going up soon...unless China drops some crazy shit again
Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: empoweoqwj on January 23, 2014, 12:21:43 PM Bitcoin always have some range-traded periods, they are often followed by large movements. Its like a spring that is getting more and more compressed, potential energy is being stored up that will be released quickly once the market "decides" again. Be prepared.
Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: CCHarris on January 23, 2014, 02:31:34 PM Thanks for the information... I really appreciate the advice!
Regards, CH Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: coinbloke on January 23, 2014, 02:51:11 PM so that spring would drive prices up you think?
Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: CCHarris on January 23, 2014, 03:03:21 PM John999- What makes you think that? Are there indicators that you have picked up on that signifies a drop?
Regards, CH Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: coinbloke on January 23, 2014, 03:31:20 PM so that spring would drive prices up you think? IMO a sharp move down starting within the next 3 days. Of course I can be totally wrong. funny that's exactly what I read somewhere but then they predicted BTC prices around $3-5K by the end of the year. Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: empoweoqwj on January 23, 2014, 03:39:34 PM so that spring would drive prices up you think? IMO a sharp move down starting within the next 3 days. Of course I can be totally wrong. funny that's exactly what I read somewhere but then they predicted BTC prices around $3-5K by the end of the year. A lot of "pundits" are predicting a short term technical decline, and then a big rise in the Spring / Summer. But pundits are often wrong! Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: fr33d0miz3r on January 23, 2014, 04:34:00 PM so that spring would drive prices up you think? IMO a sharp move down starting within the next 3 days. Of course I can be totally wrong. funny that's exactly what I read somewhere but then they predicted BTC prices around $3-5K by the end of the year. ;D Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: JimboToronto on January 23, 2014, 05:22:42 PM Sometimes people can have short memories.
This is hardly a time of stability. Those who ask if $800 is "the new $120" seem to forgotten that the period of stability at $120 lasted a mere month. The closest that Bitcoin has had to a period of stability was in 2012. Maybe we should say that $800 is the "new $5". Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: CCHarris on January 23, 2014, 05:36:54 PM Interesting information, thanks guys! What are some of your predictions for 2014? Do you think the senate hearing at the end of the month help or hurt the BTC community?
Regards, CH Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: T.Stuart on January 23, 2014, 06:44:11 PM http://finance.yahoo.com/blogs/talking-numbers/why-bitcoin-is-poised-to-break-out-to-all-time-highs-141729681.html
Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: segeln on January 23, 2014, 07:21:32 PM Interesting information, thanks guys! What are some of your predictions for 2014? Do you think the senate hearing at the end of the month help or hurt the BTC community? what Senate Hearing are you talking about ?Regards, CH Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: smoothie on January 24, 2014, 01:44:13 AM Calm before the storm. How long the storm lasts is anyone's guess.
Title: Re: Markets Stable for the past week... Sign of things to come or something else?!? Post by: empoweoqwj on January 24, 2014, 04:00:19 AM Calm before the storm. How long the storm lasts is anyone's guess. Feeling pretty stormy now ..... Title: Re: Markets Stable for the past week... Sign of things to come or something else Post by: yogi on January 24, 2014, 04:27:39 AM The bitcoin market has historically always been in one of two states. There are periods of high volittilitty, and then there are the times when it's just about to enter a period of high volitility. I would say we are currently in the second of these two states.
Title: Re: Markets Stable for the past week... Sign of things to come or something else Post by: empoweoqwj on January 24, 2014, 04:35:21 AM The bitcoin market has historically always been in one of two states. There are periods of high volittilitty, and then there are the times when it's just about to enter a period of high volitility. I would say we are currently in the second of these two states. Yes, its been stable for a bit. Lots of potential energy about to be unleashed. I've avoided the word volatility because its such a bitch to type ;) Title: Re: Markets Stable for the past week... Sign of things to come or something else Post by: yogi on January 24, 2014, 04:42:42 AM The bitcoin market has historically always been in one of two states. There are periods of high volittilitty, and then there are the times when it's just about to enter a period of high volitility. I would say we are currently in the second of these two states. Yes, its been stable for a bit. Lots of potential energy about to be unleashed. I've avoided the word volatility because its such a bitch to type ;) Hehe, the touch screen on my palmtop has a scrattttch.. Title: Re: Markets Stable for the past week... Sign of things to come or something else Post by: empoweoqwj on January 24, 2014, 04:43:46 AM The bitcoin market has historically always been in one of two states. There are periods of high volittilitty, and then there are the times when it's just about to enter a period of high volitility. I would say we are currently in the second of these two states. Yes, its been stable for a bit. Lots of potential energy about to be unleashed. I've avoided the word volatility because its such a bitch to type ;) Hehe, the touch screen on my palmtop has a scrattttch.. lol. Sorry, i was being a bitch cheeky, but it is one of the harder words to type for real :) |