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Author Topic: Weekend Price Drop  (Read 429 times)
Poryhack
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March 21, 2013, 01:23:16 AM
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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.
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March 21, 2013, 01:34:53 AM
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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

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