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wpalczynski (OP)
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November 22, 2013, 05:07:08 PM
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Hi,

I am looking to get in on this BTC crazyness an was wondering if there are any rough patterns as to the price, for example has there been a drop on the weekend over the past few weeks etc.  Do the prices drop or rise on a daily basis based on time, for example when china wakes up.

Any observations about patterns would be appreciated.

Regards!
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indianplayers
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November 22, 2013, 05:09:15 PM
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Weekends is one. Usually price falls on Fridays and goes up on Sundays. Don't know why because exchanges are open 24/7.
proudhon
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November 22, 2013, 05:28:22 PM
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Quote from: wpalczynski on November 22, 2013, 05:07:08 PM
Hi,

I am looking to get in on this BTC crazyness an was wondering if there are any rough patterns as to the price, for example has there been a drop on the weekend over the past few weeks etc.  Do the prices drop or rise on a daily basis based on time, for example when china wakes up.

Any observations about patterns would be appreciated.

Regards!

If there are any recognizable patterns, they change relatively quickly over time as they're exploited.  The only reliable pattern is growth, overshoot, correct, stabilize, growth...
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November 22, 2013, 05:45:56 PM
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I'm sure there are computer programs from big financial firms day trading it already.  Forget about trying to time it.
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November 22, 2013, 09:50:13 PM
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It goes up when there are news. It goes down after some negative news, a bit. Then it goes back up.

Over the long term, it will keep going up.
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November 22, 2013, 10:00:24 PM
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I'm pretty sure that we already have a fair amount of bots trading, so it is pointless to try and time things, most of the time.
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November 23, 2013, 01:32:17 AM
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fiatleak.com offers a unique insight to daily patterns.  Look for China to be the main player when the sun shines there, and US to be the main player when the sun shines there.  All others are pretenders to the throne.  When the sun shines on China, price movement up is robust.  Otherwise, lackadaisical.  US early adopters may be cashing in their chips already.  But the Wall Street money is not far from the horizon.
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