crazyivan (OP)
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May 20, 2015, 06:46:57 AM |
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Bitcoin gets a price ticker on New York Stock Exchange and the price does not move?  I really do not understand how is this possible. I am glad to see BTC is going to become a classic stock market traded commodity, like oil, gold or corn. However, all these commodities are EXTREMELY sensible to good/bad news. BTC, still nothing. I know it s still too early to think this way since traders have not invested into BTC to be able to move the price due to these great news but still, not a single $1, price increase, not a single one. |
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Lauda
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Terminated.
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May 20, 2015, 06:51:18 AM |
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Firstly you should have made this thread in the Economics subforum. Someone would have swiftly answered.
This isn't surprising. People try to manipulate the market and accumulate so much more at lower prices. When you factor in everything, it is just a matter of time before it starts going up.
The question is where will it stop and till what point will it bounce back?
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Slark
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May 20, 2015, 06:52:28 AM |
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And this is problem of bitcoin. Bad news travel fast and have tremendous impact on bitcoin price but good news are usually ignored. I noticed this trend before, many good news not only didn't make bitcoin price go higher but soon after that price dropped in value. It was the same when Microsoft accepted bitcoin. I now firmly believe that bitcoin price is manipulated by whales and nothing more.
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crazyivan (OP)
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May 20, 2015, 06:55:29 AM |
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Firstly you should have made this thread in the Economics subforum. Someone would have swiftly answered.
This isn't surprising. People try to manipulate the market and accumulate so much more at lower prices. When you factor in everything, it is just a matter of time before it starts going up.
The question is where will it stop and till what point will it bounce back?
This is no different from any other trade-able commodity. People always try to manipulate the market and buy low. True, it s much easier to move BTC market and keep it suppressed then oil market. However, it s also much easier to push BTC market up. |
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bounst
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May 20, 2015, 06:57:23 AM |
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it could also possible to move down
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Kprawn
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May 20, 2015, 07:02:53 AM |
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It did make a impact... My neighbour knows I am Bitcoin Crazy, and he stopped me in the street, to tell me, he noticed the Bitcoin price ticker on the NYSE. His next question was... Is Bitcoin getting that big now? {This put a smile on my face... He always shot anything down, when I spoke about Bitcoin} I anticipated his next question... Where do you buy your Bitcoin?  People start to notice, and need to figure out where to buy at the lowest price... So it will take time. {Education} |
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sidhujag
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May 20, 2015, 07:11:18 AM |
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It did make a impact... My neighbour knows I am Bitcoin Crazy, and he stopped me in the street, to tell me, he noticed the Bitcoin price ticker on the NYSE. His next question was... Is Bitcoin getting that big now? {This put a smile on my face... He always shot anything down, when I spoke about Bitcoin} I anticipated his next question... Where do you buy your Bitcoin? People start to notice, and need to figure out where to buy at the lowest price... So it will take time. {Education} The guys that put you down will buy during the pump make sure you sell then. I have coworkers in same boat.. I tell them you will buy Bitcoin one day and that's when I sell. |
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louise123
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May 20, 2015, 07:13:26 AM |
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When did it get listed on the New York Stock Exchange?
I only hear about it now.
Got any links to it?
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thebenjamincode
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May 20, 2015, 07:16:05 AM |
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maybe we should wait for a few more weeks until many people get aware about what is bitcoin
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Denker
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May 20, 2015, 08:06:42 AM |
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EternalWingsofGod
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May 20, 2015, 08:17:11 AM |
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That is awesome  Didn't hear about this myself until today so for me this is new at least it will make people notice it more on a daily basis give it some time it likely will have an effect sooner or later. |
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turvarya
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May 20, 2015, 08:22:45 AM |
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That is awesome Didn't hear about this myself until today so for me this is new at least it will make people notice it more on a daily basis give it some time it likely will have an effect sooner or later. It seems to be quite recent news. If you look at the all time graph, it is one straight line from 237.03 USD/BTC on May 18th to 233.31 USD/BTC on May 19th. According to this graph, Bitcoin is doomed  |
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crazyivan (OP)
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May 20, 2015, 08:24:19 AM |
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maybe we should wait for a few more weeks until many people get aware about what is bitcoin
This. I cannot believe this wont have an impact. Maybe we need to wait a bit more. |
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Agestorzrxx
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May 20, 2015, 08:45:52 AM |
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It'a bear market now, you can't expect the price move too much.
Just be patient, the price will rising when people realize bitcoin is a great thing.
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NyeFe
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May 20, 2015, 09:24:06 AM |
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Price = supply and demand not news.
That may be true, but I think OP means that "news," did very little to encourage consumers or investors for that matter, to purchase more bitcoins. I'm surprised that the price hardly shifted as well. |
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crazyivan (OP)
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May 20, 2015, 09:46:37 AM |
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Price = supply and demand not news.
That may be true, but I think OP means that "news," did very little to encourage consumers or investors for that matter, to purchase more bitcoins. I'm surprised that the price hardly shifted as well. This. Knowing limitation of BTC market, it does not take much to swing the price up. Cause supply s very limited compared to most of traditional commodities. Yet, nothing. |
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rayhan
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be your self
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May 20, 2015, 09:54:34 AM |
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i heard too it probably the effect will be felt a few weeks after that, just waiting for the right time i think wait a bit more  |
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