Bitcoin Forum
December 04, 2016, 12:34:31 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Maybe it's just because it's late  (Read 1017 times)
Findeton
Full Member
***
Offline Offline

Activity: 126


View Profile
June 04, 2011, 11:27:08 PM
 #1

Perhaps it's silly, as I'm new to bitcoin and to currency trading so i'm sorry if this sounds stupid: Perhaps when night arrives people just leave their ask orders in mtgox and go to bed/whatever, and as there's more people bitcoin hungry they buy at those prices. Ask orders are mostly not updated because they are mostly sleeping so buyers just keep rising the price.

Then you wake up and bitcoin has moved from $14.2 to $17.4.

Bitcoin Weekly, bitcoin analysis and commentary

14DD7MhRXuw3KDuyUuXvAsRcK4KXTT36XA
1480854871
Hero Member
*
Offline Offline

Posts: 1480854871

View Profile Personal Message (Offline)

Ignore
1480854871
Reply with quote  #2

1480854871
Report to moderator
1480854871
Hero Member
*
Offline Offline

Posts: 1480854871

View Profile Personal Message (Offline)

Ignore
1480854871
Reply with quote  #2

1480854871
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480854871
Hero Member
*
Offline Offline

Posts: 1480854871

View Profile Personal Message (Offline)

Ignore
1480854871
Reply with quote  #2

1480854871
Report to moderator
1480854871
Hero Member
*
Offline Offline

Posts: 1480854871

View Profile Personal Message (Offline)

Ignore
1480854871
Reply with quote  #2

1480854871
Report to moderator
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
June 04, 2011, 11:51:01 PM
 #2

People use bots, and "night" is relative, so I don't think the effect you're describing is strong.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
jjVon
Jr. Member
*
Offline Offline

Activity: 42


this is America's "Value"


View Profile
June 05, 2011, 01:03:06 AM
 #3

People use bots, and "night" is relative, so I don't think the effect you're describing is strong.
  Kinda my thought as well.  There do seem to be spurts of pricing.  If you look at the charts available, there can be wide swings.  Although the charts and 'current price" are the most recent closed sale, not based on when the sale was originated.

After all is said and done, there is usually more said than done.
NetTecture
Full Member
***
Offline Offline

Activity: 140


View Profile
June 05, 2011, 04:33:03 PM
 #4

People use bots, and "night" is relative, so I don't think the effect you're describing is strong.

I dont think many real buyers use bots. Traders do. Miners may to sell, but retail buyers will NOT.

Don't forget that a lot of the infrastructure for trading is offline on weekends. Including the ability to SEND MONEY IN - you can then only buy with the money already there.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!