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Author Topic: How to prevent another black saturday  (Read 2135 times)
digexservice
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June 12, 2011, 01:05:31 PM
 #1

Use forex trading hours. Banks are closed on weekends hence currency exchange grinds to a hault.

Another option is force dark pool trading on lower amounts on weekends
 

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kokjo
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June 12, 2011, 01:07:39 PM
 #2

Use forex trading hours. Banks are closed on weekends hence currency exchange grinds to a hault.

Another option is force dark pool trading on lower amounts on weekends
 
it was not black for me Smiley
just earned 10 btc

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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June 12, 2011, 01:09:10 PM
 #3

1) These are not over regulated traditional markets.
2) There have been huge rallies on Sat, I believe last week was one, if my memory is correct.

MtGox proudly claims they are open 24/7.

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Anonymous
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June 12, 2011, 01:13:06 PM
 #4

A market would just start that is open 27/7

Dont regulate it - the market will come up with a solution.
Macho
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June 12, 2011, 01:14:56 PM
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A market would just start that is open 27/7
OMG! I want such a market ... I would have 3 more hours than everybody else!! Wink
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June 12, 2011, 01:17:18 PM
 #6

A market would just start that is open 27/7
OMG! I want such a market ... I would have 3 more hours than everybody else!! Wink
its because its on a plane, so they get a 27hour or possibly 30hour day, by flying with the day.


"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
AyeYo
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June 12, 2011, 01:17:43 PM
 #7

What day of the week it happened on has jack all to do with why it happened.


Why are people (even in real markets) always concerned with trying to prevent parabolic falls, but no one cares about preventing parabolic increases?

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Jack of Diamonds
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June 12, 2011, 01:29:04 PM
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I'd call it Green Saturday. Easiest $1k ever (give or take) thanks to mass hysteria.

That's not even counting the $10-11 dip earlier today.

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barbarousrelic
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June 12, 2011, 01:30:04 PM
 #9

People will behave differently now that they've seen it crash once. No action is necessary.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
hugolp
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June 12, 2011, 01:33:13 PM
 #10

What day of the week it happened on has jack all to do with why it happened.


Why are people (even in real markets) always concerned with trying to prevent parabolic falls, but no one cares about preventing parabolic increases?

For once, I have to agree with you. Im happy bitcoins went down. It was not normal.

But it has to do with the day because the weekend certain services are closed and can affect the Bitcoin market. I still think it should be open 24/7, but at the end its the decission of the exchanges.
AyeYo
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June 12, 2011, 01:35:37 PM
 #11

People will behave differently now that they've seen it crash once. No action is necessary.

If only that were true.  There will always be a new bubble, and no matter what medium you're trading, peoples' explanations for hysterically buying in will always be the same: "This time is different because _______."

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Vandroiy
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June 12, 2011, 01:49:41 PM
 #12

You act as if the crash is over. I give you a 50/50 that it has only begun.

Look at NASDAQ Echo and DJIA 1929!

If the inflow of money is reduced by current events, you are all about to see what a bust is. I would call the current state the most super-critical we have had so far.
digexservice
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June 12, 2011, 02:09:11 PM
 #13

Im not sayinv regulation, more like a voluntary custom for exchangers.

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AyeYo
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June 12, 2011, 02:23:10 PM
 #14

Im not sayinv regulation, more like a voluntary custom for exchangers.

And what happens when it goes down on a Monday?  Do they stop Monday trading too?

How about no trading on the third full moon after the second Tuesday of October on even-numbered years?  Why don't they just ban selling?  Then it'll only go up!


Boom/bust is a reality of any market in which humans are involved.  The psychology is always the same...





More serious version:





Learn it, understand it, control it, and profit from it.

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hugolp
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June 12, 2011, 02:43:49 PM
 #15

Im not sayinv regulation, more like a voluntary custom for exchangers.

And what happens when it goes down on a Monday?  Do they stop Monday trading too?

How about no trading on the third full moon after the second Tuesday of October on even-numbered years?  Why don't they just ban selling?  Then it'll only go up!


Boom/bust is a reality of any market in which humans are involved.  The psychology is always the same...





More serious version:





Learn it, understand it, control it, and profit from it.

This is not true. There are times that given the legal framework are remarcably stable.
Goldenmaw
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June 12, 2011, 02:50:45 PM
 #16

Bitcoin's little economy is so freakin' tiny that you can expect prices to be all over the place for a long time to come.  Plenty of opportunity in chaos.
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