Coincrazy (OP)
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April 20, 2013, 10:28:51 AM |
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This almost seems unreal ...
just check the weekly monthly charts and you will see
* Volumes are really down * Price very stable around $115.. 120 * Same scene last 12 hours +..even a little longer
Everyone asleep or is mtgox down or ?
This almost seems unreal
Regards
Cc
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molecular
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April 20, 2013, 10:37:32 AM |
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This almost seems unreal ... just check the weekly monthly charts and you will see * Volumes are really down * Price very stable around $115.. 120 * Same scene last 12 hours +..even a little longer Everyone asleep or is mtgox down or ? This almost seems unreal Regards Cc This happens sometimes: One might call it the "quiet before the storm".
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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April 20, 2013, 10:40:04 AM |
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see what happened next in my example:
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Coincrazy (OP)
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April 20, 2013, 10:40:49 AM |
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This almost seems unreal ... just check the weekly monthly charts and you will see https://i.imgur.com/jGyKkpPl.png* Volumes are really down * Price very stable around $115.. 120 * Same scene last 12 hours +..even a little longer Everyone asleep or is mtgox down or ? This almost seems unreal Regards Cc This happens sometimes: https://i.imgur.com/hHplSyrl.pngOne might call it the "quiet before the storm". Thanks for that image I was wanting to post that sort of an image but you are way better at it I think this is mtgox going slow and frustrating a lot of users Or ?
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Coincrazy (OP)
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April 20, 2013, 10:42:43 AM |
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That gap between April 6 and 7 was mtgox getting hit with ddos or going down due to volumes or something like that ..isn't it But this current lull is far longer and lesser volumes ... Isn't it
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Miz4r
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April 20, 2013, 10:53:33 AM |
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There's always a pretty significant dip in trading volume during weekends, nothing strange going on here.
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Bitcoin = Gold on steroids
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just1nmc
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April 20, 2013, 11:01:28 AM |
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I don't find it too surprising; we've seen it before at least.
The people waiting for a weekend dip already sold, and won't buy back in until at least Sunday. There isn't new money coming in, so there is less pressure for the price to go up until Monday.
With all the price swings this week, people are more confused than ever about which direction the market is going to go, and tend to not trade until something happens.
That's how I think about it at least.
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prof7bit
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April 20, 2013, 11:04:21 AM |
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This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices.
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callezetter
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April 20, 2013, 11:28:04 AM |
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I think its going to explode monday/tuesday. So yeah "quite before the hurricane" is my bet too [/quote] This happens sometimes: https://i.imgur.com/hHplSyrl.pngOne might call it the "quiet before the storm". [/quote]
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ruski
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April 20, 2013, 11:54:20 AM |
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This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices. I had some spanish guy PMing me asking to buy my bot. I gave him a reasonable price and he freaked. Hope you warned whoever's using it that it's not a magical profit machine unless you use it right.
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ManBearPig
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April 20, 2013, 11:56:55 AM |
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We've found a reasonable short-term price.
I do notice that the prices are being rounded-off a lot recently, ie. $120.00 dead.
Is this evidence it's mostly being traded and not bought into or cashed out of?
Exuberance at this point is only going land us in a cycle of boom and bust which many long-term holders may get bored (or scared) of.
Good for day-traders while it lasts though.
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benderr
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April 20, 2013, 12:14:02 PM |
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This almost seems unreal
I publicly posted the code of my balancer bot, so according to common belief this strategy will stop working now immediately. But the only way this actually could ever happen is if volatility would reduce by factor 10 or more. So it seems by posting these 200 lines of python code I finally stabilized BTC prices. I had some spanish guy PMing me asking to buy my bot. I gave him a reasonable price and he freaked. Hope you warned whoever's using it that it's not a magical profit machine unless you use it right. I did not want to buy it. Just ask some help for make my own Bot. I need the root code for mtgox conection. and $3000 dollars is not a reasonable price for a student...
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StarrManUK
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April 20, 2013, 12:48:49 PM |
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Yeah it's way too stable...it's boring and there's not much money to be made
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awakening
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April 20, 2013, 01:15:30 PM |
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Yes, It's impossible to do day trading with BTCs with this low volatility I want the old good 30% changes in a few minutes.
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Mistafreeze
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April 20, 2013, 01:28:12 PM |
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A small amount of sanity is probably a good thing for a few days
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Miz4r
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April 20, 2013, 01:30:31 PM |
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Calm before the storm, look at the 6th and 7th of April (also a weekend) where the volume was also very low and price stable at $140. After that weekend it went ballistic and the price shot up to the ATH of $266 in just 3 days. Not saying that's gonna happen again, but I think we can expect quite some action after the weekend.
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Bitcoin = Gold on steroids
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ineededausername
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April 20, 2013, 01:57:29 PM |
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Perhaps we're in a September 2012 post-crash kind of situation.
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(BFL)^2 < 0
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NamelessOne
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April 20, 2013, 02:02:23 PM |
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Perhaps we're in a September 2012 post-crash kind of situation.
I've thought about that too, a gradual climb, but generally hovering sideways for months. I think it would be faster this time simply because the market is so much bigger now.
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xorglub
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April 20, 2013, 02:42:26 PM |
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Sideways is great. Less volatility = better confidence.
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webchris
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April 20, 2013, 03:02:18 PM |
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Sideways is great. Less volatility = better confidence.
I agree, would much rather see it flat or moving up very slowly rather than huge swings up and down.
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