mah87
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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February 05, 2014, 05:31:21 PM |
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THIS IS CRASHING !!
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 05, 2014, 05:32:31 PM |
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I'm sure you guys have noticed this, but along with the value being relatively flat over the past days, the variance has also dramatically decreased. The high and low prices have gotten down to about a $16/range. That is super stable...
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 05, 2014, 05:38:22 PM |
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I don't think BTC will be trading higher than 840 by the end of this week. I think we are going to be in a stable range of $785-$825 for a little while, unless some huge news comes out to make a big change. As much as I hate to pay over $800 per BTC, I am still adding a little more here and there because I feel long term it will be worth it. I just don't plan on trading the newly purchased coins anytime soon...
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scorp1618
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Activity: 27
Merit: 0
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February 05, 2014, 05:46:10 PM |
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ShroomsKit
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February 05, 2014, 05:48:42 PM |
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I don't think BTC will be trading higher than 840 by the end of this week. I think we are going to be in a stable range of $785-$825 for a little while, unless some huge news comes out to make a big change. As much as I hate to pay over $800 per BTC, I am still adding a little more here and there because I feel long term it will be worth it. I just don't plan on trading the newly purchased coins anytime soon...
Just old coins instead?
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notme
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Activity: 1904
Merit: 1002
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February 05, 2014, 05:49:36 PM |
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Your "green" and "blue" are tough to distinguish.
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podyx
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Activity: 2338
Merit: 1035
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February 05, 2014, 05:53:24 PM |
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I'm sure you guys have noticed this, but along with the value being relatively flat over the past days, the variance has also dramatically decreased. The high and low prices have gotten down to about a $16/range. That is super stable...
bitcoin - a more stable currency then fiat currency since 1 feb-14
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empowering
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Activity: 1078
Merit: 1441
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February 05, 2014, 06:09:34 PM |
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Hey PAUL!
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podyx
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Activity: 2338
Merit: 1035
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February 05, 2014, 06:15:16 PM |
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ShroomsKit
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February 05, 2014, 06:16:08 PM |
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Ok there is your start sign. Now dump all your coins already. Just get it over with.
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empowering
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Activity: 1078
Merit: 1441
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February 05, 2014, 06:18:04 PM |
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ha ha oh dear whoever made this... has too much time on their hands
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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February 05, 2014, 06:38:20 PM |
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Looks bit flat, I feel some tension in the air. I am negative for some other stuff though so it might be a wrong perception.
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ShroomsKit
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February 05, 2014, 06:41:21 PM |
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Ok there is your start sign. Now dump all your coins already. Just get it over with.
Someone sells 250btc and the market doesn't give a fuck... actually it goes slowly up Stamp stable, huobi going up, btc-e going, gox is in his own world... now what? I don't get it anymore. If a whale buys 500 coins people sell right into it and make sure the price goes down again. They refuse to let the price go up for some odd reason. Any hint of bad news and people dump. But when the dumping starts nobody really follows and the price goes back up again. So if the sheep don't want to go down then just stop selling as soon as someone starts buying! Guess what, your coins will be worth more. Yup, it's almost like magic.
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 05, 2014, 06:46:54 PM |
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So, on reading the posts for the last few days, I’m left wondering a few things. I’m not sure that I’m capable of reaching valid conclusions for the questions that I have.
The good news surrounding bitcoin does not seem to advance the price. Any hint of bad news, FUD, seems to drop the price temporarily. Why?
If we disregard MtSux, which seems to be forgone, we are left with a few western exchanges and a group of Chinese exchanges. The China exchanges have been dead since before the ‘holidays’ and the price is mostly flat on the other exchanges. Does this indicate that the Chinese exchanges are the driver for price discovery?
Bitstamp and BTC-e are effectively flat lined. When the bid or ask walls reach some level, an order hits and the price moves. Then a series of orders arrive which brings the price back to the previous level. Can we assume that intentional balancing forces are at work here? 1. If it is intentional balancing, is this the work of a few individuals acting independently or is this the work of a group acting in concert? 2. For what purpose?
From a trading perspective, it seems that we can’t rely on ‘good news’ as a place to buy the rumor and then sell the fact. The converse does seem to be working. Sell the fud and then buy the facts. Why are things about bitcoin price so negative lately?
So many questions and few answers that don’t require a tinfoil hat to answer.
/random thoughts on a snowy day with little trade opportunities.
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ShroomsKit
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February 05, 2014, 07:05:47 PM |
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So, on reading the posts for the last few days, I’m left wondering a few things. I’m not sure that I’m capable of reaching valid conclusions for the questions that I have.
The good news surrounding bitcoin does not seem to advance the price. Any hint of bad news, FUD, seems to drop the price temporarily. Why?
If we disregard MtSux, which seems to be forgone, we are left with a few western exchanges and a group of Chinese exchanges. The China exchanges have been dead since before the ‘holidays’ and the price is mostly flat on the other exchanges. Does this indicate that the Chinese exchanges are the driver for price discovery?
Bitstamp and BTC-e are effectively flat lined. When the bid or ask walls reach some level, an order hits and the price moves. Then a series of orders arrive which brings the price back to the previous level. Can we assume that intentional balancing forces are at work here? 1. If it is intentional balancing, is this the work of a few individuals acting independently or is this the work of a group acting in concert? 2. For what purpose?
From a trading perspective, it seems that we can’t rely on ‘good news’ as a place to buy the rumor and then sell the fact. The converse does seem to be working. Sell the fud and then buy the facts. Why are things about bitcoin price so negative lately?
So many questions and few answers that don’t require a tinfoil hat to answer.
/random thoughts on a snowy day with little trade opportunities.
I don't think there is a specific reason really. The whole atmosphere just changed from 800 is cheap we can only go up from here to holy shit we reached 820 i must panic sell now before it's too late and we go down again. A lot of new people bought at these prices and are afraid we won't go up anymore so they keep dumping as soon as they see 10 dollars profit and that makes everyone afraid. Because...well...sheep. We need to get over this either by going down, let the sheep get rid of their coins and let new people buy at what they call cheap prices, or let it go up without getting into a crazy panic mode right away. People will see there is little to fear if they just stop selling for once. Once it goes up 100 dollars or more they will get confident again. Right now fear and pure greed is stopping both directions. I can't blame the greed part. Nobody wants to lose money but it makes people act dumb and only makes it worse.
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virtualfaqs
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February 05, 2014, 07:06:54 PM |
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Wow. Mtgox within $108 of Bitstamp.
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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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February 05, 2014, 07:07:54 PM |
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Hey PAUL! Don't just stare at it...eat it! haha
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scorp1618
Newbie
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Activity: 27
Merit: 0
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February 05, 2014, 07:14:28 PM |
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Your "green" and "blue" are tough to distinguish. Exactly, it shows BTC-E/Stamp are tightly correlated while Gox is doing its own thing.
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Kramerc
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February 05, 2014, 07:34:47 PM |
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1500 btc dump. Lets see how this pans out.
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 05, 2014, 07:39:18 PM |
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i feel sorry for the guy who dumped these coins LOL to the moon!
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