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Author Topic: We're flatlining again  (Read 697 times)
Dan The Man
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October 28, 2011, 08:47:12 PM
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What's the deal with that? For the second time in a week, the price hits a perfectly dead flat plateau. I looked through the history and couldn't find other times where it was similarly consistent for that length of time.

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October 28, 2011, 08:52:27 PM
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*Rubs his defibrillator pads together.*
CLEAR
*jumpstarts the bitcoin price again*

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October 28, 2011, 09:04:47 PM
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What's the deal with that? For the second time in a week, the price hits a perfectly dead flat plateau. I looked through the history and couldn't find other times where it was similarly consistent for that length of time.

Oh Oh! So tomorrow someone will be cashing out again, pushing the price to 2.53. Then it'll climb again to 3.10 and then flatline again.... It's groundhog day.

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October 28, 2011, 09:09:27 PM
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*Rubs his defibrillator pads together.*
CLEAR
*jumpstarts the bitcoin price again*

*hands the doc the adrenaline shot*

Hope you get er live again.....

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October 28, 2011, 09:24:01 PM
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What's the deal with that? For the second time in a week, the price hits a perfectly dead flat plateau. I looked through the history and couldn't find other times where it was similarly consistent for that length of time.

My guess is: since the advent of the "liquidity provision bot" (https://bitcointalk.org/index.php?topic=49910.msg594071#msg594071), day trading has become a lot more unattractive, because low volume does not move the market that much any more. Therefor everyhing is slower and, as we can see, at time, no trades happen for quite long periods.

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