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sent you a few bitdimes ;-)
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this is Ultra Cool, Man!  thanks |
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PS : propose a better title that fits my question and I will change it.
"Cause of MtGox exchange rate rise?"
I like that, so yes, >>>btc, please change it.[/b] As explained also by others, yesterday's rise was absolutely normal. I followed the market almost every 30mins over daytime, since I do not work this week. Some observations over the past 7 months since I started to cover bitcoins as analyst: 1) The BTC/USD exchange rate follows technical patterns known from other financial markets in an almost textbook manner. There is herding psychology involved as for every other market: Flat, almost dead periods are followed by sharp rises or declines. As for stocks, commodities, etc. typically markets move in only 20% of time, but this makes up for more than 80% of the price changes. 2) The specific rise yesterday was predictable on the 10 day chart where prices coiled under the 50 day exponential moving average and once breaking above this line, accelerating quickly to much higher levels (0.8, 0.82..)  3) The spread is typically in the range of 0.5-5%, depending on the market dynamics. The small spread you observed yesterday was within the normal range and changed back to typical 2-3% right after. The spread just depends on what people put as bid and ask orders, and it can always happen that they get very close. Nothing special about that. by the way, you will find my analysis soon also on bitcoincharts.com and if you would be so kind, please change the thread title now. |
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>btc: Seriously: can you please rename the title of this thread into something less invasive?
Feel free to discuss about market fundamentals and learn how markets work, but stop this manipulation talk (or are you again Baron?).
If I were an owner of an exchange, I would get an injunction against you granted you for this accusation.
The rise yesterday was a normal market movement.
Sorry, but I'm not claiming the market operator is manipulating the exchange rate, so there is no reason why anyone should be offended. In this case, the manipulation would not come from the exchange owner but from some participants, so no harm intended to exchange owner (/ creator). And those 'manipulating participants' would just smartly use the system, which is legitimate in a way. I don't see yesterday's rise as a normal movement, and I've explained why. Maybe you could answer my questions ? This is exactly about learning market fundamentals : can the market be "manipulated" when you have 1000+ btc. Do you know approx. how many active distinct users are on MtGox ? PS : propose a better title that fits my question and I will change it. o.k.I will explain more later (I am on the run now and will get back to you this evening) |
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>btc: Seriously: can you please rename the title of this thread into something less invasive?
Feel free to discuss about market fundamentals and learn how markets work, but stop this manipulation talk (or are you again Baron?).
If I were an owner of an exchange, I would get an injunction against you granted you for this accusation.
The rise yesterday was a normal market movement.
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Prices on MtGox are rallying today, must be because they all want to buy coins to send to noagendamarket ...
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I predicted this recent decrease in early Feb, http://bitcointalk.org/index.php?topic=3396.0And people were all saying I am wrong. Right now it's going to continue decreasing before we see the next expansionary stage within 3 months as a) new exposure occurs b) services open. I doubt it's going to drop to 0.6. We're starting to see a few (not many) useful purposes for Bitcoin. 2 days ago I saw Bitcoin being discussed on 4can (as a way to buy drugs using silk road + tor). Expect more of this. Especially with Nefario's stock market and client improvements/forks. You were right that 1.1 $ was a significant high. The only thing that was wrong was the title, because it was not a bubble, but a standard correction. Bubbles lead to a massive crash and typically take the shape of a x-mas tree. As discussed in my analysis, we see a standard consolidation from the high. It is currently printing a textbook style bull flag, poised to break out to the upside again. |
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The poll is again open for fresh voting!
Please go ahead.
I will publish results in April.
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Yes, I love it+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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sounds like I will need to look for flights to London at that day, would love to pay beer with bitcoins+
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It was a great get-together and we are already looking forward to the next one. We really talked about 3 hours about bitcoins, and we could have gone on much longer... The only thing that was disappointing was that we could not pay our 20+ beers and applejuices with bitcoin in the end |
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Will be there too!
Looking forward to the movie;
How will we recognize ourselves? Bitcoin logos on the tables? Anyway, I will try to find you between 4:30 and 5 PM today in Lord Nelsons Pub. |
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Best joke for the week  Thanks If this would work, this would be a new milestone in financial trading ;-) |
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Dear Amso,
thanks so much for this great effort.
I want to transfer the BTC asap to you. Will you send the address?
thanks again+
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In any case, Mtgox trading is very lame and prices are falling, potentially at least for another test of 0.8 $
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