KingFisher9 (OP)
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June 17, 2011, 11:04:16 PM |
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Anyone else see BTC jump from $13.5 to $16.5 in minutes?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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deadon
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June 17, 2011, 11:06:16 PM |
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Yeah whoa.
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KingFisher9 (OP)
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June 17, 2011, 11:07:36 PM |
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I actually had to go back and edit the price in my post, thats how quick it moved.
Any theories as to why? According to my understanding bit coin just got some bad press from the 25,000 BTC theft
16.73 now
BUY BUY BUY
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relative
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June 17, 2011, 11:08:12 PM |
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there is very little market depth right now.
you can make the same jump back by selling 1000 BTC
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mjsbuddha
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yung lean
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June 17, 2011, 11:10:00 PM |
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 yep yep yep |
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piuk
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June 17, 2011, 11:10:12 PM |
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 and yet were still rising. The insanity that is bitcoin. |
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Garrett Burgwardt
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June 17, 2011, 11:11:22 PM |
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and yet were still rising. The insanity that is bitcoin. Dark pools, bro. |
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Bitcoin Swami
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June 17, 2011, 11:13:14 PM |
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and yet were still rising. The insanity that is bitcoin. Dark pools, bro. Hey excuse my ignorance, but what is a dark pool? |
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AtomicTrader
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June 17, 2011, 11:14:07 PM |
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Back down she goes. Where she lands no one know.
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SgtSpike
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June 17, 2011, 11:16:02 PM |
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Well that was fun.
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KingFisher9 (OP)
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June 17, 2011, 11:16:37 PM |
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And.....just like that its at 14.8 a few minutes later
Is it normal for a market to have so many more sellers than buyers? Is this happening because of a lack of faith in BTC? Is this a sign that its over valued? Or are the early adopters simply trying to cash in their profits?
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KingFisher9 (OP)
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June 17, 2011, 11:20:04 PM |
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and yet were still rising. The insanity that is bitcoin. 14.21 now where did you get that chart? |
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Grant
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June 17, 2011, 11:22:10 PM |
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Bitcoin Swami
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June 17, 2011, 11:23:41 PM |
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Maybe all the buyers are moving over to trade hill and all the bitcoin sellers are still at good ole mt. gox.
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piuk
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June 17, 2011, 11:24:31 PM |
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And.....just like that its at 14.8 a few minutes later
Is it normal for a market to have so many more sellers than buyers? Is this happening because of a lack of faith in BTC? Is this a sign that its over valued? Or are the early adopters simply trying to cash in their profits?
It's "normal" for bitcoin (although not as drastic as that usually), it's not normal for most markets. http://bitcoincharts.com/markets/mtgoxUSD_depth.html Dark pools, bro.
Your right, someone is still snapping them up around $14. |
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Oldminer
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June 17, 2011, 11:32:44 PM |
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Ever dropped a ball from a roof and noticed what happens when it hits the ground?
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imperi
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June 17, 2011, 11:40:59 PM |
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Ever dropped a ball from a roof and noticed what happens when it hits the ground?
According to linear regression theory, it would continue downwards. |
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Goldenmaw
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June 17, 2011, 11:54:10 PM |
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According to linear regression theory, it would continue downwards.
According to linear progression theory, it will continue upwards! |
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SgtSpike
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June 17, 2011, 11:55:23 PM |
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Ever dropped a ball from a roof and noticed what happens when it hits the ground?
It depends... what material is the ball and the ground made of? |
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