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Author Topic: Where is the Monday rally?  (Read 2186 times)
delson
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August 08, 2011, 02:41:04 PM
 #1

Shouldn't it have happened by now, as new money is beginning to flow into accounts?
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coined
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August 08, 2011, 02:48:36 PM
 #2

I don't think its ever been consistent, IT happened a few weeks in a row a while back, and people noticed, then people just kept the idea going talking about the weekend dip's like an urban legend or something, and without checking thats its not consistant or predictable at all anymore,  some of our biggest rally's were during the weekends.
Piper67
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August 08, 2011, 02:51:24 PM
 #3

It also tends to be more of a Tuesday/Wednesday phenomenon, as that's when the fiat currencies make it into the exchanges.
Edward50
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August 08, 2011, 02:55:04 PM
 #4

The rally did happen, it high into the $8's, with people putting up bid walls into the $7's. This may not seem like a rally when you expect last month prices, but with the current state of bitcoin, this is a rally for sure. Expect it to hold for a day or so then start dropping again.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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August 08, 2011, 04:02:52 PM
 #5



When there's a big drop, there's usually a bounce back the next day or two. But not a "rally"; the bounce only recovers about half of the big drop. The long, slow slide then resumes. This has been the pattern since the bubble burst.
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August 08, 2011, 04:13:10 PM
 #6

I was actually expecting a price drop today and had buy order in at under $6. I've moved that up a tad but really would like to see it drop just under $6 which should bring a nice bounce back to $8 or higher fairly quickly. I also like seeing those network hash rates drop which it certainly does at the lower prices.
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August 09, 2011, 02:49:57 AM
 #7

It also tends to be more of a Tuesday/Wednesday phenomenon, as that's when the fiat currencies make it into the exchanges.

I've been reading this same point on the forums for many weeks now: The price falls on weekends, traders don't have money in their accounts to buy bitcoins therefore need to wait until Tuesday or even later to top up their balance before being able to buy bitcoins.  Sometimes this argument is mixed in with complaints about delays with Dwolla.

Problem is, this doesn't make sense.  Why not keep money in the exchange ready for the dips?  Only reason not to do that would be lack of trust in the exchange, in which case it's not worth trading at all there.

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bitcon
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August 09, 2011, 03:58:00 AM
 #8

people don't have enough patience to keep their money ready for dips.

Oldminer
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August 09, 2011, 11:17:55 AM
 #9

lolz

Can someone please explain wtf is going on out there atm?

kthxbye

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MrAnderson
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August 09, 2011, 11:20:04 AM
 #10

FFS $9.75

The moment I get in on the rise / fall stability ride it f**ks off north!

 Angry

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dalamchops
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August 09, 2011, 11:25:29 AM
 #11

lolz

Can someone please explain wtf is going on out there atm?

kthxbye


someone just thinks btc is worth more than $7.
phorensic
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August 09, 2011, 12:16:38 PM
 #12

It also tends to be more of a Tuesday/Wednesday phenomenon, as that's when the fiat currencies make it into the exchanges.
Yep, for weeks it's been a Tuesday rally pattern.
Cluster2k
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August 09, 2011, 12:49:50 PM
 #13

Rebecca Black says the rally is on Friday.  Friday, Friday.

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payb.tc
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August 09, 2011, 12:51:35 PM
 #14

Rebecca Black says the rally is on Friday.  Friday, Friday.

hahahaha that's the day after thursday.
vulgata
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August 09, 2011, 01:24:32 PM
 #15

Rebecca Black says the rally is on Friday.  Friday, Friday.

hahahaha that's the day after thursday.

Fuck both of you guys, now it's going to be stuck in my head all day.  And it's not even FRIDAY.

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August 09, 2011, 01:30:43 PM
 #16

Rallyin’, rallyin’ (Yeah)
Rallyin’, rallyin’ (Yeah)
Gox, gox, gox, gox
Lookin’ forward to the weekend
Cluster2k
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August 09, 2011, 01:37:35 PM
 #17

Rebecca Black says the rally is on Friday.  Friday, Friday.

hahahaha that's the day after thursday.

Fuck both of you guys, now it's going to be stuck in my head all day.  And it's not even FRIDAY.

Kickin' in the up tick
Sweatin' out the down tick
Gotta make my mind up
Which trade can I take?

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kiwiasian
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August 09, 2011, 02:48:50 PM
 #18

Hm probably should have bought more yesterday at 7.7....then agin I don't have a lot of money

As of this writing the current worth is 10.5 per

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JohnDoe
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August 09, 2011, 02:58:20 PM
 #19

Rebecca Black says the rally is on Friday.  Friday, Friday.

I don't care if Mondays black
Tuesday, Wednesday - heart attack
Thursday, never looking back
It's Friday, I'm in love
hmblm1245
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August 09, 2011, 03:06:03 PM
 #20

It became a Tuesday rally
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