Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[rebuilder]

So... increased liquidity leads to decreased volatility, right?

[crazy_rabbit]

Perhaps gox introduced 0% fees to stress test their new interface?

Wow! 0% fee's that's fantastic!!!!!

[gnomesick]

So... who's falling for that stupid game?

This really is stupid. We do not need games just now when there are no fees at gox.

The fact that there are no fees is precisely why games are being played.  Unless Gox is specifically trying to stress test their system upgrades, I can't imagine why they thought this would be a good idea.

[johnblaze]

So... increased liquidity leads to decreased volatility, right?

right.

but we certainly don't have increased liquidity, if thats what you're implying.

it takes 2000 of volume to jump the price $100 each day

check the volumes now and the volumes of a year ago.

[kajigger]

Just for a few days i think. Black friday and such?
@crazy rabbit edit: HMM on the gox site news: 4) Bitcoin Black Friday through Cyber Monday – Trade with Zero Fees!

[dwdoc]

Oops

[crazy_rabbit]

Just for a few days i think. Black friday and such?

Gox is a Japanese company. And the owner is french. FYI.

[Painful Truth]

So... who's falling for that stupid game?

This really is stupid. We do not need games just now when there are no fees at gox.

The fact that there are no fees is precisely why games are being played.  Unless Gox is specifically trying to stress test their system upgrades, I can't imagine why they thought this would be a good idea.

You surprised? Just Gox Being Gox. This shit will continue until fees are back.

[rebuilder]

So... increased liquidity leads to decreased volatility, right?

right.

but we certainly don't have increased liquidity, if thats what you're implying.

it takes 2000 of volume to jump the price $100 each day

check the volumes now and the volumes of a year ago.

Check the volumes in USD...

In any case, I was talking about this 0-fee business.

[johnblaze]

Check the volumes in USD...

In any case, I was talking about this 0-fee business.

you're confused about what liquidity means

[barbs]

come on back to 1190!!!

[kajigger]

Just for a few days i think. Black friday and such?

Gox is a Japanese company. And the owner is french. FYI.

HMM on the gox site news: 4) Bitcoin Black Friday through Cyber Monday – Trade with Zero Fees!



edit: You got me too. I wanted to apologize because i thought i read that a few pages back and just repeated it but i saw it on mt.gox again.
*puts foot out of mouth*

[crazy_rabbit]

Just for a few days i think. Black friday and such?

Gox is a Japanese company. And the owner is french. FYI.

HMM on the gox site news: 4) Bitcoin Black Friday through Cyber Monday – Trade with Zero Fees!

You got me. Didn't even think to check. (Foot in mouth)

EDIT: this is actually a brilliant idea I think. Thanksgiving normally would be a really quiet time, and a perfect time for whales to come out to play, but with Zero fee's maybe everyone will be out to play and thus perhaps prevent a big crash while no one is looking.

[oroboras]

So you just need to be on the right side of the rise/fall to make a profit?

I'll still lose BTC I'm sure

[rebuilder]

you're confused about what liquidity means

Are you referring to my preferring to consider USD volume? If so, I'd like to hear your thinking there. It'd be pretty amazing to see both, BTC volumes from a year ago and today's prices right now. Yet today, selling enough to, say, buy a house compared to selling the same a year ago isn't a very big chunk of the daily trade volume.

Or maybe you take exception to my ribbing about the general idea here that speculation should increase liquidity, therefore decreasing volatility. I could have phrased that better to begin with, but my point was: if that's true, then given the barrier to speculate has now been significantly lowered, volatility should decrease. I guess we'll see!

[Bitcoines]

just made 10 more

[OldGeek]

I suck at predicting, but it looks like a test of the 1000 mark at gox.

[crazy_rabbit]

you're confused about what liquidity means

Are you referring to my preferring to consider USD volume? If so, I'd like to hear your thinking there. It'd be pretty amazing to see both, BTC volumes from a year ago and today's prices right now. Yet today, selling enough to, say, buy a house compared to selling the same a year ago isn't a very big chunk of the daily trade volume.

Or maybe you take exception to my ribbing about the general idea here that speculation should increase liquidity, therefore decreasing volatility. I could have phrased that better to begin with, but my point was: if that's true, then given the barrier to speculate has now been significantly lowered, volatility should decrease. I guess we'll see!

I think you're right. While It's more tempting to maybe "sell" to push around the price as there is no 'cost' for it, it's just as easy to "buy" with no cost to it. So here's hoping volatility does decrease.

[oroboras]

Well, my 0.76 has become 0.71 - like I said, even with 0% fees, I'll still end up with squat. It always, without fail, goes the opposite to what I do.
Maybe I should get a bot and set up to Crazy Ivan....

[johnblaze]

you're confused about what liquidity means

Are you referring to my preferring to consider USD volume? If so, I'd like to hear your thinking there. It'd be pretty amazing to see both, BTC volumes from a year ago and today's prices right now. Yet today, selling enough to, say, buy a house compared to selling the same a year ago isn't a very big chunk of the daily trade volume.

Or maybe you take exception to my ribbing about the general idea here that speculation should increase liquidity, therefore decreasing volatility. I could have phrased that better to begin with, but my point was: if that's true, then given the barrier to speculate has now been significantly lowered, volatility should decrease. I guess we'll see!

you sarcastically said:

"So... increased liquidity leads to decreased volatility, right?"

do you believe that statement to be true or not?

if so, then if you think that we are currently volatile, then that means we must not have increased liquidity

someone is wrong. either you or your quote. you can't have it both ways.

edit: obviously i think that neither measuring volume in USD nor 0% trading fees necessarily have anything to do with liquidity