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Author Topic: To what time trade/buy people?  (Read 577 times)
porcupine87
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November 26, 2013, 10:38:10 PM
 #1

So, everybody talks always about "wait, until China wakes up". But do there really wake up and buy after the first coffee? We know, we have 3 world regions: East Asia (0), Europe( +6), America (+12). How much volume would you assigne to this regions? 30%,30%, 30%?

But to what time do people buy or just react (could be selling, too):
- When they wake up? How many traders are professional?
- after the work day? They come home at 6p.m. and then spend some time on the computer or they heard of Bitcoin from colleagues at work and try to buy after work?

Thoughts?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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November 26, 2013, 10:48:30 PM
 #2

interesting

i guess that is like in the nyc stock market where you can always "buy cheap at lunchtime" ?

id like to know the answer to this too since i am trying to get some coins sometime in the near future - hopefully for christmas  Kiss
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November 26, 2013, 11:43:51 PM
 #3

So, everybody talks always about "wait, until China wakes up". But do there really wake up and buy after the first coffee?

They buy after they pull down their trousers and squeeze out their first morning dump (which is always glorious). They then go straight back to bed. They're also trolling.

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November 27, 2013, 02:57:49 AM
 #4

I don't think China is leading the price any more. Just buy when you are comfortable. Choose a price a bit below the current price that you are comfortable with, then place a bid just below that, and wait. Short timescales in bitcoin are just random noise, ignore them.

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