Bitcoin Forum
December 11, 2016, 06:21:37 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trading trends after re-opening  (Read 854 times)
kicir
Jr. Member
*
Offline Offline

Activity: 56


View Profile WWW
June 25, 2011, 06:43:42 PM
 #1

I think I get what's happening: MtGox opening the accounts and blocking trading is causing many users to withdraw their BTC and sell them on TradeHill

the latter has dropped from 17 to 15 in about two hours

by the time MtGox re-opens trading there won't be much BTC to sell so at least prices on the Gox should stay relatively stable

of course, this is just a quick theory based on observation

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481437297
Hero Member
*
Offline Offline

Posts: 1481437297

View Profile Personal Message (Offline)

Ignore
1481437297
Reply with quote  #2

1481437297
Report to moderator
1481437297
Hero Member
*
Offline Offline

Posts: 1481437297

View Profile Personal Message (Offline)

Ignore
1481437297
Reply with quote  #2

1481437297
Report to moderator
1481437297
Hero Member
*
Offline Offline

Posts: 1481437297

View Profile Personal Message (Offline)

Ignore
1481437297
Reply with quote  #2

1481437297
Report to moderator
Mechanizm
Newbie
*
Offline Offline

Activity: 19



View Profile
June 25, 2011, 09:36:17 PM
 #2

I think you're right on.
Atom
Member
**
Offline Offline

Activity: 70


"Basics Of Generational Dynamics" - Look it up!


View Profile WWW
June 25, 2011, 11:59:26 PM
 #3

Frankly the market is pretty stable considering what's happened over the last few weeks.  I hoped I'd have an opportunity at $10 as everyone rushed for the exits, but that doesn't seem to be in the cards.

In the first episode of BitTalk I bet Atlas 5 BTC that the average bitcoin price would be higher next friday than it was this friday, despite all the talk about "bank run on gox" and various other panic stories, and I'm feeling good about that so far!

BitTalk
with Atlas & Atom
A Show for the Bitcoin Universe, Fresh Episodes Weekly!
Episode 3 out now at BitTalk.tv

Liked this weeks episode of BitTalk?  Send us your 2¢ (.02BTC) 
13RVBjpo3xLeDBkB2NM64N8sWK4fariZUu
billyjoeallen
Legendary
*
Offline Offline

Activity: 966


Hide your women


View Profile WWW
June 26, 2011, 12:23:51 AM
 #4

Frankly the market is pretty stable considering what's happened over the last few weeks.  I hoped I'd have an opportunity at $10 as everyone rushed for the exits, but that doesn't seem to be in the cards.

In the first episode of BitTalk I bet Atlas 5 BTC that the average bitcoin price would be higher next friday than it was this friday, despite all the talk about "bank run on gox" and various other panic stories, and I'm feeling good about that so far!

You said on your podcast that you own 20 BTC, so your bet is 25% of your entire bankroll.
I think you'll win the bet though, and Atlas has coin to spare.

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
Atom
Member
**
Offline Offline

Activity: 70


"Basics Of Generational Dynamics" - Look it up!


View Profile WWW
June 26, 2011, 01:08:14 AM
 #5

25% of my entire bitcoin bankroll Wink  In a world as crazy as this, you'd be nuts to put all your eggs in one basket.

One of my limit orders got filled for another 10 @ 12.50LR

BitTalk
with Atlas & Atom
A Show for the Bitcoin Universe, Fresh Episodes Weekly!
Episode 3 out now at BitTalk.tv

Liked this weeks episode of BitTalk?  Send us your 2¢ (.02BTC) 
13RVBjpo3xLeDBkB2NM64N8sWK4fariZUu
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
June 26, 2011, 04:46:21 AM
 #6


Market strength, Bitcoin/USD, TradeHill, Current.

There are a lot more people trying to sell Bitcoins than there were 8 hours ago. But they're trying to get $17 or so, which isn't happening.

There's less buy-side strength than there was 8 hours ago.  The buyers who wanted to buy have bought.  Right now, buying 1000 Bitcoins at market would only move the price up $0.25, but selling 1000 Bitcoins at market would move it down by about $2.

So after all the noise, we're back to around $15, just like the last three days. That seems to be the new normal.
Atom
Member
**
Offline Offline

Activity: 70


"Basics Of Generational Dynamics" - Look it up!


View Profile WWW
June 26, 2011, 05:05:58 AM
 #7

consolodation

BitTalk
with Atlas & Atom
A Show for the Bitcoin Universe, Fresh Episodes Weekly!
Episode 3 out now at BitTalk.tv

Liked this weeks episode of BitTalk?  Send us your 2¢ (.02BTC) 
13RVBjpo3xLeDBkB2NM64N8sWK4fariZUu
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!