OldGeek
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Blitz:The price affects the perception of the news
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February 10, 2014, 08:37:27 AM |
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Even a complete collapse of MtGOX should affect the price only in the longer term, ...
Perhaps. However one shouldn't count out the potential for manipulators to drive the price down short term. I doubt it would last for long, and the weaker hands will no doubt bail out quickest, so it may be a blessing in disguise. |
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Bullcoin
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February 10, 2014, 08:38:41 AM |
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Even a complete collapse of MtGOX should affect the price only in the longer term, ...
Perhaps. However one shouldn't count out the potential for manipulators to drive the price down short term. I doubt it would last for long, and the weaker hands will no doubt bail out quickest, so it may be a blessing in disguise. fully agree. anticipating a quick but noticeable dip = cheap coins. |
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JorgeStolfi
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February 10, 2014, 08:43:44 AM |
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The steady "exceptional" background traffic at MtGOX, that started around 12:00 Feb/7 UTC, seems to be a stream of transactions for 60-70 BTC, about one every 5 minutes or so That is about 700 BTC/hour, 16 kBTC/day. They seem to occur at the low end of the spread.
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OldGeek
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Blitz:The price affects the perception of the news
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February 10, 2014, 08:48:14 AM |
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fully agree. anticipating a quick but noticeable dip = cheap coins.
Yes. The problem being the timing of the purchase. Do you wait until you 'think' the bottom is in? Or do you speculate that it has fallen enough for your tastes? It seems that noticeable dips are most noticeable in hindsight. |
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OldGeek
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Blitz:The price affects the perception of the news
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February 10, 2014, 08:51:21 AM |
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The steady "exceptional" background traffic at MtGOX, that started around 12:00 Feb/7 UTC, seems to be a stream of transactions for 60-70 BTC, about one every 5 minutes or so That is about 700 BTC/hour, 16 kBTC/day. They seem to occur at the low end of the spread.
Would you care speculate on the purpose of these transactions? BTW, I do appreciate your posts. |
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JorgeStolfi
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February 10, 2014, 08:53:22 AM |
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PS. Is that stream of 60 BTC sells that is pushing MtGOX's price down? (I cannot check it because the bitcoinwisdom chart for MtGOX is updatings very slowly and shows only a few transactions in the log.)
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JorgeStolfi
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February 10, 2014, 08:56:13 AM |
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Would you care speculate on the purpose of these transactions?
Thanks... I dont' know, maybe someone is trying to dump some 20-30 kBTC at any price? |
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billyjoeallen
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Hide your women
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February 10, 2014, 08:59:31 AM |
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there it goes!
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OldGeek
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Blitz:The price affects the perception of the news
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February 10, 2014, 09:01:30 AM |
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Yup. 475 coins gone in a flash.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 10, 2014, 09:02:26 AM |
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OldGeek
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Activity: 266
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Blitz:The price affects the perception of the news
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February 10, 2014, 09:06:52 AM |
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PS. Is that stream of 60 BTC sells that is pushing MtGOX's price down? (I cannot check it because the bitcoinwisdom chart for MtGOX is updatings very slowly and shows only a few transactions in the log.)
Go here, Jorge: http://bitcoincharts.com/charts/mtgoxUSD#rg2ztgSzm1g10zm2g25zvJust below the chart is a link that says 'load raw data'. If you select the time period you are interested in, it will give you a detailed listing that is suitable for loading into excel. |
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JorgeStolfi
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February 10, 2014, 09:14:24 AM |
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Thanks! (But it gives only the minute-by minute summary, which merges several transactions into each entry. A transaction by transaction log would be easier to read...) I hope someone is saving the transaction logs of all exchanges. It should be a gold mine for bitcoin historians and statistical market research or all kinds... |
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ShroomsKit
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February 10, 2014, 09:14:56 AM |
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People are pre-panic selling because there might be panic selling.
Everytime when you think it can't get more silly...
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c0dex
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February 10, 2014, 09:15:35 AM |
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Gox is giving intermittent 502 bad gateway errors.
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dedcoin
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February 10, 2014, 09:16:41 AM |
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BTC-e is high when everyone is low, and low when everyone is high... So conservative  |
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viboracecata
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Varanida : Fair & Transparent Digital Ecosystem
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February 10, 2014, 09:18:46 AM |
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The day almost past in Asia, so we almost see the death of Mt.Gox?
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OldGeek
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Blitz:The price affects the perception of the news
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February 10, 2014, 09:19:48 AM |
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People are pre-panic selling because there might be panic selling.
Everytime when you think it can't get more silly...
Now they get to really panic. MtSux is not responding.  |
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surfer43
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"Trading Platform of The Future!"
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February 10, 2014, 09:25:02 AM |
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^^ time to panic sell yet? I am counting on it  |
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Kj1
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February 10, 2014, 09:28:32 AM |
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its panic buying at stamp. Time to short
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