rebuilder
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Activity: 1615
Merit: 1000
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June 10, 2014, 02:23:39 PM |
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Someone is desperated about price going over $650 at Bitstamp now for a few days (and have a lot of coins).
ANd here I was, just this morning, looking at the same phenomenon and thinking, here we might have an example of how speculators organically stabilize the market for once. Everyone's antsy, but without a clear opinion on where the market will move in the short term. Speculators therefore go into range trading mode, hoping to catch peaks and drops. They do so by placing relatively low or high bids and are unwilling to trade much near the recent average price. The result - a relatively stable price and low volume, for now. At least that's one explanation. But if this was someone desperately selling to keep the price below a certain point, I'd have expected much more volume of late. |
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ChrisML
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June 10, 2014, 02:49:02 PM |
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Stampie wants to go up. Stampie will go up!
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madmat
Legendary
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Activity: 966
Merit: 1000
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June 10, 2014, 02:59:33 PM |
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Stampie wants to go up. Stampie will go up!
No one is moving. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 10, 2014, 03:01:02 PM |
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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June 10, 2014, 03:02:42 PM |
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It looks like 650 is the new 130.
Now. We. Wait.
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dreamspark
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June 10, 2014, 03:20:41 PM |
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It looks like 650 is the new 130.
Now. We. Wait.
Im thinking along these lines as well. Time to trade a some alts for a few weeks and see where this goes. |
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eat_more_fruit
Newbie
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Activity: 25
Merit: 0
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June 10, 2014, 03:27:20 PM |
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Then you will realize the truth: That it is not the theorem which requires proof; it is only yourself.
Nonsense. Without proof, you cannot tell a theorem from a well formed formula. |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 10, 2014, 03:29:58 PM |
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Relatively uneventful weekend in the market, let's see what Monday has in store for us!
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dreamspark
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June 10, 2014, 03:32:04 PM |
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Relatively uneventful weekend in the market, let's see what Monday has in store for us!
Its Tuesday today ? Can i have some of what your smoking please  |
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Kj1
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June 10, 2014, 03:35:11 PM |
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the whole world is waiting for the game of thrones finale, nothing is gonna happen this week
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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June 10, 2014, 03:36:45 PM |
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Then you will realize the truth: That it is not the theorem which requires proof; it is only yourself.
Nonsense. Without proof, you cannot tell a theorem from a well formed formula. Oh COME ON. Did you not watch The Matrix? |
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blatchcorn
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June 10, 2014, 03:36:48 PM |
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the whole world is waiting for the game of thrones finale, nothing is gonna happen this week
HODLOR! |
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dannyspk
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June 10, 2014, 03:40:48 PM |
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Houbi finally makes a move.
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madmat
Legendary
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Activity: 966
Merit: 1000
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June 10, 2014, 03:42:57 PM |
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Houbi finally makes a move.
Yes, but a little one. Bitstamp doesn't react. |
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hd060053
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June 10, 2014, 03:46:42 PM |
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why is since today bitfinex 10 $ higher than stamp ? looks like stamp is dead. Or bitfinex is the new gox  |
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Carra23
Legendary
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Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 10, 2014, 03:53:44 PM |
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Bitcoin is disappointing us negatively this week.
The poll still seems rather bullish!
That's the problem, everybody is already loaded and have no spare FIAT to buy more. Actually I do have some spare, but I have spread them out from 450 - 550. Always helps to keep a bit of fiat for the sharp drops. As time passes, a large majority of people continue to acquire additional fiat, and then the question becomes how that person wishes to store the value of that fiat b/c the opportunity to buy BTC between $450 and $550 has passed and currently is NOT available. Accordingly, do we consider $650 to be a good value to store fiat in BTC, or do we believe storing fiat in some other investment vehicle or leaving it in fiat would be preferable? Each of us needs to decide for ourselves what is the best storage of that newly acquired fiat. Personally in the past several months, I have been putting my newly acquired fiat into BTC b/c currently, I consider BTC prices to be a good value as compared with other ways that I could store/invest that newly acquired fiat. Keeping it in fiat does NOT seem to be a very prudent approach in my current thinking. I am happy as long as I have more BTCs than to begin with. The remaining fiat is a bonus, if it drops I get more BTC, if it does not I have some fiat to burn. |
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dreamspark
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June 10, 2014, 03:56:00 PM |
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why is since today bitfinex 10 $ higher than stamp ? looks like stamp is dead. Or bitfinex is the new gox In all honesty with their probing KYC/AML it wouldn't surprise me to see new money heading to Finex, VoS etc. |
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Carra23
Legendary
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Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 10, 2014, 03:57:37 PM |
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Someone is desperated about price going over $650 at Bitstamp now for a few days (and have a lot of coins).
We cant do much, just sit here and wait for jump or right time. Let's just hope it happens soon Me want actionz! I have a small sell pending. The swings are quite small but I am bored and want to make something. |
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madmat
Legendary
Offline
Activity: 966
Merit: 1000
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June 10, 2014, 03:58:22 PM |
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why is since today bitfinex 10 $ higher than stamp ? looks like stamp is dead. Or bitfinex is the new gox In all honesty with their probing KYC/AML it wouldn't surprise me to see new money heading to Finex, VoS etc. 24h volume is already in favor of bitfinex : exchange volume % volume ฿ last price Bitfinex 37.22% 8,347.72 663.14 USD Bitstamp 30.13% 6,758.20 653.00 USD https://bitcoinaverage.com/markets#USD |
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Dalmar
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June 10, 2014, 03:59:42 PM |
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why is since today bitfinex 10 $ higher than stamp ? looks like stamp is dead. Or bitfinex is the new gox The insiders are getting out and leaving the peasants behind for a goxing.  |
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Poll
