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Question: Price of bitcoin U$S 103.8 What are you doing?
I'm buying
I'm selling
I'm waiting for a dip
I'm mining only
I'm kicking myself in the nuts
FINE, I'm holding like a MoFo!

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Author Topic: Price of bitcoin U$S 103.8 What are you doing?  (Read 3991 times)
samson
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April 02, 2013, 11:40:14 AM
 #41

What's not right is the fact that there's not many sellers.

Look at the depth on the asks side.


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If someone purchases 7200 BTC in the above scenario the price will rise to $109.

If someone then purchases another 5000 BTC they will pay nearly $120 for some of their Bitcoins even though the starting price was only $109.

This is what's not right and it will lead to nobody purchasing any more until the asks are filled.

If the asks remain unfilled then it's not valued correctly and I would expect some kind of correction to happen.

When the asks are like this I don't buy.
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April 02, 2013, 02:59:38 PM
 #42

I'd like to go on the record again saying that Bitcoin price increases are just getting started.

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April 02, 2013, 03:00:23 PM
 #43

I'd like to go on the record again saying that Bitcoin price increases are just getting started.
noted!

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April 02, 2013, 09:45:21 PM
 #44

god damit !! i went to sleep just about to buy at 105 and wake to this ****!! Son of a ....

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April 02, 2013, 11:25:19 PM
 #45

god damit !! i went to sleep just about to buy at 105 and wake to this ****!! Son of a ....
Make sure you click on the kicking myself in the nuts option.  Thank you

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April 02, 2013, 11:32:57 PM
 #46

Reluctantly i must use that option so as to remind my self the costs of sleeping!

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April 03, 2013, 06:41:17 AM
 #47

Continuous Nut Kicking for a while  Grin
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