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Author Topic: Big dumps and prices still high?  (Read 940 times)
knight22 (OP)
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December 15, 2012, 02:14:24 AM
 #1

Many big dumps occuring and the buying pressure seems pretty good. Why?
The reasons I see is Wordpress announcment, bitcoin-central banking compliance, block halving... what else?

Largo
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December 15, 2012, 02:33:08 AM
 #2

Maybe the people dumping were sellers and the people buying were their customers?

In that case it would keep the price stable, or going up a bit every day as volume increases.

TraderTimm
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December 15, 2012, 06:56:24 PM
 #3

Market depth must've increased, because large orders aren't pushing things around like they used to. That is a good sign, resting buy and sell orders are accumulating and stabilizing overall volatility, which is key for the market to mature.

I'd like to see a decentralized exchange happen, but for what we have right now the volume trend isn't all that bad.

fortitudinem multis - catenum regit omnia
thezerg
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December 15, 2012, 11:27:00 PM
 #4

order depth on gox usd above 5 was the highest ever at 200000+ coins.  And a huge amount of depth materialized during the event.
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