Bitcoin Forum
December 14, 2017, 10:05:40 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Weekend Price Drop  (Read 429 times)
Poryhack
Newbie
*
Offline Offline

Activity: 1


View Profile
March 21, 2013, 01:23:16 AM
 #1

When I bought my first bitcoins in August of last year there was a very pronounced pattern of significant lulls in price/volume on weekends, presumably because people had a harder time moving money on those days.

Looking at the last month's graph on MtGox I see that price has remained stable through each of the last 4 weekends. Why the change? I suppose this is inevitable as bitcoin gains legitimacy (not entirely fitting but best word I can come up with here) as a currency, but I'd like to hear your thoughts on the matter.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513245940
Hero Member
*
Offline Offline

Posts: 1513245940

View Profile Personal Message (Offline)

Ignore
1513245940
Reply with quote  #2

1513245940
Report to moderator
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
March 21, 2013, 01:34:53 AM
 #2

It's not so much that buying pressure goes down as it is volume in general goes down. This thread might be of interest to you:
https://bitcointalk.org/index.php?topic=63312.0

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!