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Author Topic: Why does the price of BTC rise so rapidly at this time of day (Mt Gox)?  (Read 1308 times)
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June 07, 2011, 11:00:15 PM

Im not paying super close attention, but I think its been around this time of day that the last 3 or 4 major value increaces have occurred. This is 11pm - 3am GMT (my time) or Evening time in America; Is this a massive influx of American demand as they with deep pockets come home from work to do a little trading?

Stan?! STAN?!?!
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June 08, 2011, 12:45:18 AM

I would assume more ppl are trading. Ppl aren't at work, maybe Europeans (timezone?) are more active from 6pm - 2am PST
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June 08, 2011, 01:35:41 AM

MagicalTux can only process Dwolla while he's awake. Connect the dots...

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June 08, 2011, 02:54:11 AM

i assume with 99% certanity, (here in europe, (GMT+1), at just 5 hours ago the new day started, )
a lot of noobs (like me) finally had their money in mt. gox via SEPA which takes 2-5 days. and could finally start buying coins.

i just looked accidently at about 2am on my MTGOX account, and my money finally had arrived (at about 4 hours before, 18:03 their timezone). which ment it arrived already on tuesday on the french account, but i don´t know at what time it was booked there (here in germany usally already early in the morning). would really be interested, what delay they have. as this can mean a lot, when the market is moving fast... i put an order for some coins , it said another transaction is processed, try again in a few seconds, and some minutes later i had to bid 1 $ more to get them..

@mt gox: it would be nice to get at least an automated email, when my money is available. for the beginning.
then we can see what the future of 24/7 trading brings.. hey guys, i want some service for 0.65% + 2% fees Wink
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