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Author Topic: Trading so slow and flat = boredom  (Read 3150 times)
geek-trader
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June 28, 2011, 11:56:32 PM
 #1

Both MtGox and Trade Hill are way down in volume right now and the price of BTC is flat for hours.

Makes for a boring day trading.

Seriously, if it's just going to hang out at 17.0 all day, I can find better things to speculate with.  Roll Eyes

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BitcoinPorn
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June 28, 2011, 11:58:05 PM
 #2

Nice, there are days when it sucks to be in the market, days when it sucks to be a miner, and days when it sucks to be a hoarder.  The only people enjoying Bitcoin are the ones that keep it flowing to other people.

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June 29, 2011, 12:12:56 AM
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Nice, there are days when it sucks to be in the market, days when it sucks to be a miner, and days when it sucks to be a hoarder.  The only people enjoying Bitcoin are the ones that keep it flowing to other people hackers picking them up for free.

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bitcoininnj
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June 29, 2011, 12:14:37 AM
 #4

Huge demand sitting on the buy side.
Charts look strikingly similar to the previous run past $30.

Run-up very soon.
cmh
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June 29, 2011, 12:29:41 AM
 #5

Everybody is scared and just watching. It will break soon. There has been a lot of media recently, but it takes a day or two to move money in.
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June 29, 2011, 12:31:54 AM
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I don't blame the miners for not wanting to sell at current prices, since the difficulty did slash all mining nearly in half.
qualia8
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June 29, 2011, 12:42:50 AM
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This is what a psychologist friend of mine predicted: if prices go stable, speculators will miss their dopamine releases and be even more upset than when price is plunging, which is at least exciting.  Random, unpredictable, positive reinforcement is the best way to train behavior, and that has been the story of bitcoin for the past year or so.
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June 29, 2011, 02:12:31 AM
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Oh, I hope it stays relatively stable for a few months. Then we can get more merchants on board.

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BCwinning
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June 29, 2011, 02:21:55 AM
 #9

Both MtGox and Trade Hill are way down in volume right now and the price of BTC is flat for hours.

Makes for a boring day trading.

Seriously, if it's just going to hang out at 17.0 all day, I can find better things to speculate with.  Roll Eyes
We could use some more oil speculators in the market. Tongue

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June 29, 2011, 02:22:12 AM
 #10

This is what a psychologist friend of mine predicted: if prices go stable, speculators will miss their dopamine releases and be even more upset than when price is plunging, which is at least exciting.  Random, unpredictable, positive reinforcement is the best way to train behavior, and that has been the story of bitcoin for the past year or so.
I'd say your friend has me completely figured out.

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June 29, 2011, 03:11:56 AM
 #11

I like it staying low. I take part of my paycheck and buy a little bitcoin as I can after child support and bills. After viral smartphone apps and Point-of sales products are released, bitcoins will boom in price.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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June 29, 2011, 03:37:24 AM
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OP is trolling, a single entity is keeping prices stable at $17/BTC, and the market is as unstable as ever minus said single entity.

#trufax
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June 29, 2011, 03:41:09 AM
 #13

might see a bunch of buying tomorrow after 5pm. i'm not sure how long it takes for everyone else's bank to get money into dwolla, but when i talked to Dwolla on the phone today he said my Transfer initiated on Saturday wont be available until tomorrow (wednesday) at around 5pm PST. i'm sure Many buyers trying to take advantage of these low prices are just waiting for the funds to clear before they can buy.  And like i mentioned in another post, i'm sure a person working at Dwolla would be at a good friend to have if they could let you know when large amounts of money were being transferred to the hill or the gox.

NO_SLAVE
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June 29, 2011, 03:42:45 AM
 #14

OP is trolling, a single entity is keeping prices stable at $17/BTC, and the market is as unstable as ever minus said single entity.

#trufax

is CIA floating our boat?
geek-trader
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June 29, 2011, 03:51:10 AM
 #15

OP is trolling, a single entity is keeping prices stable at $17/BTC, and the market is as unstable as ever minus said single entity.

#trufax

Not trolling.  Genuinely bored with the market today (and to a lesser extent, yesterday)

If your "single entity" theory is true, I wish he'd stop.

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Ricochet
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June 29, 2011, 04:03:19 AM
 #16

Eh, the "single entity" thing has already been explored by a few other threads recently, similar to the conditions at the $20 mark before MtGox was hacked.  I was simply trying to add some small bit of humor, 'tis all.

Though I would advise a bit of patience overall.  Such rapid swings, while "interesting" for speculators, are mostly detrimental to the general health of the Bitcoin economy.
flug
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June 29, 2011, 08:02:52 AM
 #17

Seriously, if it's just going to hang out at 17.0 all day, I can find better things to speculate with.  Roll Eyes

Unless someone hacks an exchange and sends the price to zero or someone pledges to invest his life savings in bitcoins sending the price to the moon soon, there's a danger the excitement might wear off and people will just start using it as money. omg.
beeph
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June 29, 2011, 08:08:37 AM
 #18

all it takes is for one G20 country to declare their economy shall be run in bitcoins to send the price to da moon!!!

jashan
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June 29, 2011, 08:47:30 AM
 #19

Seriously, if it's just going to hang out at 17.0 all day, I can find better things to speculate with.  Roll Eyes

I really hope that's what a lot of the people speculating with Bitcoins think. I'm sorry this is spoiling the fun for you - but people speculating like crazy with Bitcoins is spoiling the fun for the people actually using Bitcoins and that's the people who actually give Bitcoin true value. Driving them away is one of the things you can do to assure that Bitcoin will eventually die.

So less people speculating with Bitcoins won't hurt the Bitcoin economy. Quite the contrary.

It'll become fun for you again when the dollar dies and everyone tries to escape to Bitcoin. Let's hope this happens when Bitcoin is already more or less well established. The wise thin

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killer2021
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June 29, 2011, 08:57:06 AM
 #20

Well looks like the price has stabilized. Now we can all start buying/selling goods and realistically make money at it.

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