Bitcoin Forum

Economy => Speculation => Topic started by: Elwar on September 06, 2011, 02:05:17 PM



Title: BTC up 10% in last hour
Post by: Elwar on September 06, 2011, 02:05:17 PM
Price is going up...looks like people are back after the long weekend.


Title: Re: BTC up 10% in last hour
Post by: Raize on September 06, 2011, 07:39:24 PM
No, that was me buying to see how much selling pressure this has. The answer is: A LOT.


Title: Re: BTC up 10% in last hour
Post by: Sekioh on September 06, 2011, 07:48:41 PM
10% of $7 = 0.70, in a volatile market that's like above whether they were serious or not, it's a very small order, most of these are a few dozen coins at each few cent levels. People were talking about a rally in another thread after it went up a buck or two, and that was just one large order punching through. It doesn't mean squat unfortunately to see a spike, that's just someone making a big order. It's got to go up and stay up for a few hours with more than one or two orders at a certain level.