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Author Topic: Holidays slump  (Read 2437 times)
zby
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December 24, 2011, 08:30:08 AM
 #21

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.
What I had in mind already happened when it dropped from 4 to 3.5, it is now back to 3.9 so it might seem inconsequential - but if someone wanted to buy cheap - then he had the occasion.
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December 24, 2011, 01:26:56 PM
 #22

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.

They just limited the number of users at first.  Wise move when you are extending credit if you ask me.  Also, probably required by whoever is extending Dwolla the credit to back this feature.  However, 2 days ago I clicked the 'notify me when available' button and now I'm eligible.  2 days is a pretty reasonable wait time.  So yes, the Dwolla instant effect may not eliminate the weekend/holiday slump effect, it will lessen it as I said.  As it becomes more available it will probably come close to eliminating slumps due to no USD funds available.

https://www.bitcoin.org/bitcoin.pdf
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