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August 26, 2012, 06:49:25 AM |
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After keeping an eye on Gox 24 hr, it seems as though the market is a much different animal than it was a few months ago.
The price is solid, considering what we all believe to be TRYING to happen. I just don't see anything of great interest happening with the price in the near future under regular trading.
What I am mainly referring to, are certain features that Bitcoinica Users had in their 'Trading Arsenals' such as GUARANTEED LIQUIDITY TRIGGERS that at one point in Bitcoin's trading history, were so easily manipulated with a decent dump (to trigger said liquidity/dump trigger points) and large buy order(s) waiting below the trigger point and along teh way down......then raise the market back up. Rinse, Repeat and collect mad cash.
Zoutong knew this (and could see it clearly from INSIDE Bitcoinica) and used it to his advantage many timed, hence the term "to be Zoutong'd" was born.
I don't care if I spelled his name wrong, he was a thief....
With smarter traders, less 'hand holding' services and a more confident community, the market now seems to be near to having a stable price by the nuts.
Good Job to everyone. 24 hours with a 0.3 variance is as stable as I have seen it lately.
Congrats,
bitlane
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