Minsc (OP)
|
|
September 24, 2011, 01:55:53 AM |
|
So it only moves maybe 10 or 20 cents all day.
Does anyone know what is going on with the market or why it does this?
|
1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
|
|
|
ineededausername
|
|
September 24, 2011, 01:58:38 AM |
|
It happens when Mr Manipulator goes away for a while.
|
(BFL)^2 < 0
|
|
|
joulesbeef
Sr. Member
Offline
Activity: 476
Merit: 250
moOo
|
|
September 24, 2011, 02:10:33 AM |
|
ed?
|
mooo for rent
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
September 24, 2011, 02:22:57 AM Last edit: September 24, 2011, 02:44:25 AM by Cluster2k |
|
Don't worry, now that the gold bubble has burst, investors will be flocking to safe haven assets such as bitcoins. ... I almost typed that without bursting into laughter
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 24, 2011, 02:36:22 AM |
|
The last stagnation had an enjoyable rally. Not that this will be the same, but a bit stagnation over endless dropping isn't terrible.
|
|
|
|
RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
|
|
September 24, 2011, 03:57:58 AM |
|
Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 24, 2011, 02:53:22 PM |
|
Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
Someone just broke and sold 3000 into in down to 5.4. It will take a lot of work to get to 5 though. So we shall see.
|
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
September 24, 2011, 03:24:58 PM |
|
Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
Someone just broke and sold 3000 into in down to 5.4. It will take a lot of work to get to 5 though. So we shall see. They're anticipating we'll be back to 4.6 to 4.8 within the next couple of days.
|
|
|
|
ineededausername
|
|
September 24, 2011, 03:48:28 PM |
|
Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
Someone just broke and sold 3000 into in down to 5.4. It will take a lot of work to get to 5 though. So we shall see. They're anticipating we'll be back to 4.6 to 4.8 within the next couple of days. And that just isn't possible. It'd break all the long term trends and indicators.
|
(BFL)^2 < 0
|
|
|
Minsc (OP)
|
|
September 24, 2011, 03:56:08 PM Last edit: September 24, 2011, 04:35:46 PM by Minsc |
|
Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
Someone just broke and sold 3000 into in down to 5.4. It will take a lot of work to get to 5 though. So we shall see. They're anticipating we'll be back to 4.6 to 4.8 within the next couple of days. And that just isn't possible. It'd break all the long term trends and indicators. No, the price is tricky. It does what you least expect of it. Probably because all the speculators are counting on what they expect of it so it does something else. I want to know though, what makes it stagnate for days on end?
|
1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
|
|
|
gopher
|
|
October 06, 2011, 12:27:43 PM |
|
What ineededausername says, although I don't know about the Manipulator When the traders go away, on vacation or crawling somewhere to lick their wounds and quietly reflect on their life, the trend stagnates. The price is a result of supply and demand, but when there is neither supply nor demand, the price settles on the last traded value and just sits there, waiting for better times, when the traders come back to the market and start doing what they do best - trade.
|
|
|
|
Nagle
Legendary
Offline
Activity: 1204
Merit: 1002
|
|
October 06, 2011, 05:20:11 PM |
|
One thing that does it is that there's a high frequency trading 'bot which trades on several exchanges and, presumably, arbitrages between them when there's an exploitable difference. This has two effects. First, it tends to lock the prices on the different exchanges together. And, indeed, the spreads between exchanges are smaller than they used to be. Second, it makes the inertia of each market behave as the sum of the inertia in all the markets. Any sudden move in one market that creates a difference between markets big enough to make arbitrage profitable will immediately be picked up and profitably exploited, pulling the markets back together. You can see this happening on today's charts. There's Tradehill in black and Mt. Gox in blue, never more than 1.5% apart, even briefly. The difference has to be at least two commissions for a trade to be profitable, so once the spread gets above a threshold, which seems to be about 0.7%, the 'bot should make a trade. That's automated arbitrage in action. The minor exchanges don't track as closely, indicating that the 'bot doesn't trade on them much, if at all. Not enough liquidity, most likely.
|
|
|
|
nmat
|
|
October 06, 2011, 05:32:39 PM |
|
...
Believe me, there are way more than one bot. A lot of people are doing arbitrage at MtGox and TradeHill. CampBX and ExchB also have some players...
|
|
|
|
|