Apolo29 (OP)
Newbie
 Offline
Activity: 29
Merit: 0
|
 |
June 11, 2011, 02:54:55 PM |
|
Btc is going crazy, prices go up and down incredibly fast, what`s going on?
|
|
|
|
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Threshold
|
|
June 11, 2011, 02:55:54 PM |
|
Isn't this the normal weekend behavior?
|
|
|
|
|
bcearl
|
|
June 11, 2011, 02:57:02 PM |
|
It's weekend and the old banks don't perfom wire transfers.
So there are only very few transactions, and those few produce a lot of noise.
|
Misspelling protects against dictionary attacks NOT
|
|
|
|
Mark Oates
|
|
June 11, 2011, 02:58:15 PM |
|
Isn't this the normal weekend behavior? FTFY  |
|
|
|
|
hugolp
Legendary
Offline
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
|
|
June 11, 2011, 02:58:53 PM |
|
No, its not normal. Its actually a very fun weeked  |
|
|
|
|
Mark Oates
|
|
June 11, 2011, 03:00:38 PM |
|
Do you think it's also stirred by all the new press?
|
|
|
|
|
|
Findeton
|
|
June 11, 2011, 03:00:58 PM |
|
Well price trend is down right now. You could use it to buy some cheap bitcoins. maybe if you wait till tomorrow you'll find it cheaper even.
|
|
|
|
pengfield
Newbie
Offline
Activity: 5
Merit: 0
|
|
June 11, 2011, 03:23:39 PM |
|
I just think some people want their hard cash. The price has to come when they sell so it's a great time to buy  |
|
|
|
|
bitoption
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 11, 2011, 03:34:58 PM |
|
I'm supposed to be programming, but I couldn't resist buying at 14. .. We'll see what sunday holds!
|
|
|
|
|
[Coins!]
Member
Offline
Activity: 112
Merit: 10
|
|
June 11, 2011, 03:46:15 PM |
|
BTC's are a commodity, so prices will fluctuate.
Regular stock type exchanges and banks are closed on weekends, so a handful of trades are all that MTGOX has to go from to set trends.
It might not be a bad idea to buy when they are down to half the price they were on Friday, since all regular financial institutions will be ready for business
|
|
|
|
mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
|
|
June 11, 2011, 03:50:46 PM |
|
price is still higher then it was 5 days ago. everyone chill
|
|
|
|
|
|
Jaime Frontero
|
|
June 11, 2011, 03:54:34 PM |
|
I'm supposed to be programming, but I couldn't resist buying at 14. .. We'll see what sunday holds!
nice buy! i think you timed it close to perfect. i was asleep.  |
|
|
|
|
|
Dude65535
|
|
June 11, 2011, 04:01:45 PM |
|
I am not worried. The 24h trading volume is still very high.
|
1DCj8ZwGZXQqQhgv6eUEnWgsxo8BTMj3mT
|
|
|
Gregers
Newbie
Offline
Activity: 24
Merit: 0
|
|
June 11, 2011, 04:02:55 PM |
|
Price trend has been down for long time it seems like, or did I screw up the graph?  I don't want this to end now, I just bought my first coins https://i.imgur.com/qrRRv.png |
|
|
|
|
CentroniX
Member
Offline
Activity: 109
Merit: 10
|
|
June 11, 2011, 04:09:24 PM |
|
ITT: People who have no idea how markets work, but came here after reading mainstream media and thought they could print money.
A lot of you should invest in CD's or just regular savings accounts with a set interest rate, so you're guaranteed a return on your investment. With BTC, just like stocks, you could wake up tomorrow a millionaire or flat broke. It's the risk you take playing the markets.
|
|
|
|
|
allinvain
Legendary
Offline
Activity: 3080
Merit: 1080
|
|
June 11, 2011, 04:11:45 PM |
|
Guess the people who bought at the upper 20s were the greater fools of this economy.
Not really because when price goes back up beyond $31 they'll be OK. The insanely high price swing (coming from a traditional trading point of view) no doubt has scared quite a few people. And by price swing I mean downwards. |
|
|
|
allinvain
Legendary
Offline
Activity: 3080
Merit: 1080
|
|
June 11, 2011, 04:21:34 PM |
|
"SELL!" *CRASH* "BUY!" "SELL" *HARDER CRASH*
Guess the greater fool principle of these pyramid scheming debt bubbles works on the way down too.
Just wait until Monday before you come to any illuminating grand conclusions worthy of the golden hindsight award. |
|
|
|
|
Findeton
|
|
June 11, 2011, 04:22:18 PM |
|
"SELL!" *CRASH* "BUY!" "SELL" *HARDER CRASH*
Guess the greater fool principle of these pyramid scheming debt bubbles works on the way down too.
I guess you won't be joking about bitcoin in a month. And you'll surely be crying in a year. |
|
|
|
|
error
|
|
June 11, 2011, 04:24:16 PM |
|
An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.
|
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
|
|
|
RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
|
|
June 11, 2011, 04:29:31 PM |
|
I wonder how much of this is from Tradehill? I thought I read they had 1500 accounts their first day. Did people move a lot of BTC to those accounts or something?
|
|
|
|
|
