Bitcoin Forum
December 03, 2016, 11:51:55 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Holidays slump  (Read 2436 times)
zby
Legendary
*
Offline Offline

Activity: 1429


View Profile
December 21, 2011, 11:52:31 AM
 #1

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
1480765915
Hero Member
*
Offline Offline

Posts: 1480765915

View Profile Personal Message (Offline)

Ignore
1480765915
Reply with quote  #2

1480765915
Report to moderator
dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
December 22, 2011, 04:35:04 AM
 #2

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
December 22, 2011, 08:43:31 AM
 #3

There are tons of peeps who have "extra" cash to play around with after Christmas so I don't really see much of a slump happening  Wink

Furthermore the 50% fee discount coming into effect on the 25th to the end of the year ought to do something for volume as well.

zby
Legendary
*
Offline Offline

Activity: 1429


View Profile
December 22, 2011, 09:03:16 AM
 #4

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
I don't remember anything specific - but on the way up it was quite common that on weekends and bank holidays there were slumps - because no new money was coming in.  On the way down this effect disappeared - but now we are back on an up trend aren't we?
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
December 22, 2011, 02:05:35 PM
 #5

Can't say this was unexpected.
Absentis
Jr. Member
*
Offline Offline

Activity: 31


View Profile
December 22, 2011, 04:02:32 PM
 #6

Furthermore the 50% fee discount coming into effect on the 25th to the end of the year ought to do something for volume as well.

Could you elaborate? What fee is being discounted?
BadBear
v2.0
Administrator
Legendary
*
Offline Offline

Activity: 1652



View Profile WWW
December 22, 2011, 04:04:17 PM
 #7

Furthermore the 50% fee discount coming into effect on the 25th to the end of the year ought to do something for volume as well.

Could you elaborate? What fee is being discounted?

MtGoxs trading fee

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

Tired of annoying signature ads? Ad block for signatures
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
December 22, 2011, 04:10:45 PM
 #8

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
I don't remember anything specific - but on the way up it was quite common that on weekends and bank holidays there were slumps - because no new money was coming in.  On the way down this effect disappeared - but now we are back on an up trend aren't we?

With Dwolla Instant that effect will be lessened.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
zby
Legendary
*
Offline Offline

Activity: 1429


View Profile
December 23, 2011, 05:47:39 AM
 #9

Hmm - seems that the sell pressure got discharged, maybe there is nothing left for the holidays?
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
December 23, 2011, 05:53:39 AM
 #10

Money doesn't disappear, it changes hands. Stop worrying so much about what other people are doing with their money and start worrying about what you're doing with yours.

Also, if you are so interested in how much money is coming in to Bitcoin, why not do something to get more money into it? Speculation = circle jerk of people who can't "do".

zby
Legendary
*
Offline Offline

Activity: 1429


View Profile
December 23, 2011, 09:14:04 AM
 #11

Money doesn't disappear, it changes hands. Stop worrying so much about what other people are doing with their money and start worrying about what you're doing with yours.

Also, if you are so interested in how much money is coming in to Bitcoin, why not do something to get more money into it? Speculation = circle jerk of people who can't "do".

It is kind of dumb to 'do something' without thinking what you are doing and advising it here is simply trolling.  I predicted this slump and saved a lot of money in this way.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
December 23, 2011, 09:54:35 AM
 #12

I wouldn't call it a slump... It's more like 1 guy cashed out $100,000 worth of bitcoin.  The good news is several people bought all those, so it makes the event harder to repeat.  As soon as the sale finished the price rapidly recovered.  Not fully, but $100,000 is huge volume.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
December 23, 2011, 01:20:36 PM
 #13

I have gone long on bitcoin.  In the very recent past (no, not $4.50+).  Which means, bitcoin is doomed and about to crash.  Everything I buy ends up going the other way in price.  I surely have the death touch when it comes to investing.  Beware.

 Cheesy

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Hotdog453
Full Member
***
Offline Offline

Activity: 120



View Profile
December 23, 2011, 07:29:53 PM
 #14

I have gone long on bitcoin.  In the very recent past (no, not $4.50+).  Which means, bitcoin is doomed and about to crash.  Everything I buy ends up going the other way in price.  I surely have the death touch when it comes to investing.  Beware.

 Cheesy

We can cancel eachother out. When I sell, price goes up.

If you buy, and I sell, at the same exact time, the universe will explode.

ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
December 23, 2011, 08:45:50 PM
 #15

I wouldn't call it a slump... It's more like 1 guy cashed out $100,000 worth of bitcoin.  The good news is several people bought all those, so it makes the event harder to repeat.  As soon as the sale finished the price rapidly recovered.  Not fully, but $100,000 is huge volume.

It's impressive how $100k hardly makes any impact on the closing price these days.  Just a few months ago, $100k could trigger a HUGE 50%-price-drop selloff.

(BFL)^2 < 0
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
December 23, 2011, 10:24:50 PM
 #16

I wouldn't call it a slump... It's more like 1 guy cashed out $100,000 worth of bitcoin.  The good news is several people bought all those, so it makes the event harder to repeat.  As soon as the sale finished the price rapidly recovered.  Not fully, but $100,000 is huge volume.

It's impressive how $100k hardly makes any impact on the closing price these days.  Just a few months ago, $100k could trigger a HUGE 50%-price-drop selloff.

Exactly.  It works the other way too, which is why I'm skeptical of seeing high prices any time soon.
cheat_2_win
Full Member
***
Offline Offline

Activity: 215


View Profile
December 23, 2011, 11:54:34 PM
 #17

I wouldn't call it a slump... It's more like 1 guy cashed out $100,000 worth of bitcoin.  The good news is several people bought all those, so it makes the event harder to repeat.  As soon as the sale finished the price rapidly recovered.  Not fully, but $100,000 is huge volume.

It's impressive how $100k hardly makes any impact on the closing price these days.  Just a few months ago, $100k could trigger a HUGE 50%-price-drop selloff.

Exactly.  It works the other way too, which is why I'm skeptical of seeing high prices any time soon.

High prices now have to be based on the merits and depths of the bitcoin economy rather than on some manipulator buying large sums of bitcoin. On the other hand, I believe, it is easier now to increase the price of bitcoin than to decrease it as more and more bitcoins are in the hands of more and more people. People has now it seems stopped panic selling.
RandyFolds
Sr. Member
****
Offline Offline

Activity: 434



View Profile
December 24, 2011, 01:29:27 AM
 #18

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
I don't remember anything specific - but on the way up it was quite common that on weekends and bank holidays there were slumps - because no new money was coming in.  On the way down this effect disappeared - but now we are back on an up trend aren't we?

With Dwolla Instant that effect will be lessened.

Dwolla Instant is a non-issue. They have already been overwhelmed and had to cut the service off. Another amateur move by dwolla, but did anyone see giving away free money as going well?

Regarding the slump...what slump? Bitcoin is double the price of last month.

▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
▓▓ ONEDICE.ME ▓▓▓▓▓ BEST DICE EXPERIENCE ▓▓▓▓ PLAY OR INVEST ▓▓▓▓▓▓
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
December 24, 2011, 05:21:39 AM
 #19

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
I don't remember anything specific - but on the way up it was quite common that on weekends and bank holidays there were slumps - because no new money was coming in.  On the way down this effect disappeared - but now we are back on an up trend aren't we?

With Dwolla Instant that effect will be lessened.

Dwolla Instant is a non-issue. They have already been overwhelmed and had to cut the service off. Another amateur move by dwolla, but did anyone see giving away free money as going well?

Regarding the slump...what slump? Bitcoin is double the price of last month.

That's true, but it's a little more than 4x less than the price 6 months ago.  Maybe this is a major reversal.  It isn't out of the question, but only time will tell.
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
December 24, 2011, 08:09:14 AM
 #20

So it seems that so many investors waited for the holiday slump that their bids cumulated into a critical mass.  But will the slump arrive?  I think it is still a possibility - after the investors spent the surplus money in the rally.
What is your sample size for this "Holiday Slump" effect?
I don't remember anything specific - but on the way up it was quite common that on weekends and bank holidays there were slumps - because no new money was coming in.  On the way down this effect disappeared - but now we are back on an up trend aren't we?

With Dwolla Instant that effect will be lessened.

Dwolla Instant is a non-issue. They have already been overwhelmed and had to cut the service off. Another amateur move by dwolla, but did anyone see giving away free money as going well?

Regarding the slump...what slump? Bitcoin is double the price of last month.

That's true, but it's a little more than 4x less than the price 6 months ago.  Maybe this is a major reversal.  It isn't out of the question, but only time will tell.

I would venture a theory that 6 months ago, the world got a little too excited and the price shouldn't have shot up to over 30.  Now we've got some balancing of the equation, so I would weight the fact that bitcoin is twice what it was a month ago more heavily than the fact that it's still down 75% from 6 months ago.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!