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Title: So finally it is what I researched. Post by: bitsum on January 07, 2015, 07:28:17 PM I was researching for quite a couple of days why the bitcoin price was decreasing daily without any prominent reason.Now it has increased almost 8-10% in the last 24 hrs made me think that the the number of bitcoin exchanges controlling maximum volume is the price-determinant and in case of bitcoin the lesser the number more is the rise in price(consider the case of mtgox which was the market player controlling about 80% volume by trade at its time and bitcoin price surged like 10 fold).Think it to be coincidence but as soon as bitstamp halted its trading,bitcoin price rose profoundly which is a bit above $300 as we speak and bitfinex controlling 42% of trade volume.So do u think that if there exists a single bitcoin exchange the price would fly?
Title: Re: So finally it is what I researched. Post by: Flashman on January 07, 2015, 07:37:10 PM It's all about how Elliot waves (To his boyfriend?) and phases of the moon and when bitcoin passes by Mickey Ds for a quarter pounder, or was that crosses the MACD. Then when you can handle your teacup you get signals, or something like that.
Title: Re: So finally it is what I researched. Post by: BittBurger on January 07, 2015, 07:39:03 PM Quote It's all about how Elliot waves (To his boyfriend?) and phases of the moon and when bitcoin passes by Mickey Ds for a quarter pounder, or was that crosses the MACD. Then when you can handle your teacup you get signals, or something like that. ;D ;D ;D ;D ;D And don't forget: http://4.bp.blogspot.com/-eaYed4MXqWk/TiTHW1cIrTI/AAAAAAAAAPY/fHOikYGxsVw/s1600/artworks-000009430975-ppstk3-original.jpg -B- Title: Re: So finally it is what I researched. Post by: QuestionAuthority on January 07, 2015, 07:41:29 PM It's all about how Elliot waves (To his boyfriend?) and phases of the moon and when bitcoin passes by Mickey Ds for a quarter pounder, or was that crosses the MACD. Then when you can handle your teacup you get signals, or something like that. You're getting too technical into the quantum theory of Bitcoin. lol tl;dr Because Bitcoinz Title: Re: So finally it is what I researched. Post by: BitCoinNutJob on January 07, 2015, 07:46:35 PM So do u think that if there exists a single bitcoin exchange the price would fly? A single exchange does have almost total control over the market but the price can still fly with many, the more exchanges the better. Title: Re: So finally it is what I researched. Post by: newIndia on January 07, 2015, 08:16:11 PM So do u think that if there exists a single bitcoin exchange the price would fly? A single exchange does have almost total control over the market but the price can still fly with many, the more exchanges the better. The point here is Big & Trustworthy exchange means more liquidity and hence downward movement of price. As soon as liquidity is gone, price will go up. Title: Re: So finally it is what I researched. Post by: SOAD on January 07, 2015, 08:18:48 PM I was researching for quite a couple of days why the bitcoin price was decreasing daily without any prominent reason.Now it has increased almost 8-10% in the last 24 hrs made me think that the the number of bitcoin exchanges controlling maximum volume is the price-determinant and in case of bitcoin the lesser the number more is the rise in price(consider the case of mtgox which was the market player controlling about 80% volume by trade at its time and bitcoin price surged like 10 fold).Think it to be coincidence but as soon as bitstamp halted its trading,bitcoin price rose profoundly which is a bit above $300 as we speak and bitfinex controlling 42% of trade volume.So do u think that if there exists a single bitcoin exchange the price would fly? Well this is logical to be fair. If a major exchange stops trading then business will go elsewhere. Basic supply and demand but people like to panic buy when they see the price going up (and the opposite when going down). Title: Re: So finally it is what I researched. Post by: gamersglory on January 07, 2015, 08:19:56 PM There aren't that meany Major Bitcoin exchanges out there that work in all places makes sense that BitStamp would hold the most.
Title: Re: So finally it is what I researched. Post by: PolarPoint on January 07, 2015, 08:34:47 PM May be when buyer and sellers gather together on one exchange, a larger order book gives people better views of the market, but also easier to manipulate.
Title: Re: So finally it is what I researched. Post by: astrobitcoin on January 07, 2015, 09:02:00 PM May be when buyer and sellers gather together on one exchange, a larger order book gives people better views of the market, but also easier to manipulate. decentralize damn.. deeeceeentraliiize was the goal once Title: Re: So finally it is what I researched. Post by: mlferro on January 07, 2015, 09:22:04 PM May be when buyer and sellers gather together on one exchange, a larger order book gives people better views of the market, but also easier to manipulate. Does this really happen?hard to imagine how it would be possible to do this. But anything is possible, I just can not imagine how Title: Re: So finally it is what I researched. Post by: bitsum on January 11, 2015, 07:38:09 PM May be when buyer and sellers gather together on one exchange, a larger order book gives people better views of the market, but also easier to manipulate. Does this really happen?hard to imagine how it would be possible to do this. But anything is possible, I just can not imagine how u can see relation does exist bcause after bitstamp returned,the price started to go down again. |
