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Author Topic: Rally starting at 4 pm EST  (Read 4103 times)
cypherdoc
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January 19, 2012, 08:21:40 PM
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if the Dow ends up, like it looks like it will, it seems to me that i've noticed small rallies beginning right after the close.  

Wall St. traders rotating to the Bitcoin markets?  Cheesy

no guarantees of course.
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StewartJ
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January 19, 2012, 08:32:34 PM
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if the Dow ends up, like it looks like it will, it seems to me that i've noticed small rallies beginning right after the close.  

Wall St. traders rotating to the Bitcoin markets?  Cheesy

no guarantees of course.

Correlation duly noted, every little bit helps.

Wondering, would there not be a lag time in shifting wall street profits over to bitcoin exchanges?

ineededausername
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January 19, 2012, 08:34:15 PM
 #3

if the Dow ends up, like it looks like it will, it seems to me that i've noticed small rallies beginning right after the close.  

Wall St. traders rotating to the Bitcoin markets?  Cheesy

no guarantees of course.

Correlation duly noted, every little bit helps.

Wondering, would there not be a lag time in shifting wall street profits over to bitcoin exchanges?



There would, but I'm guessing that this theory is saying that they have existing funds on the exchanges and when they go home for the night, they're more likely to speculate on Bitcoin when they're up. Smiley

(BFL)^2 < 0
StewartJ
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January 19, 2012, 08:41:35 PM
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if the Dow ends up, like it looks like it will, it seems to me that i've noticed small rallies beginning right after the close.  

Wall St. traders rotating to the Bitcoin markets?  Cheesy

no guarantees of course.

Correlation duly noted, every little bit helps.

Wondering, would there not be a lag time in shifting wall street profits over to bitcoin exchanges?



There would, but I'm guessing that this theory is saying that they have existing funds on the exchanges and when they go home for the night, they're more likely to speculate on Bitcoin when they're up. Smiley

Oh yeah, that's true.
RogerR
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January 19, 2012, 08:42:05 PM
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I could be wrong though, but I don't see why professional traders couldn't just add bitcoins to their list of traded securities even during work hours. In fact, for some it may even be the one thing they could legally trade without having to ask for approval.

It's imho probably more likely that bank transfers simply get approved and released after 4pm on Bitcoinica's MtGox account, which then causes their asterix to disappear for an hour or two.
jojo69
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January 19, 2012, 08:43:25 PM
 #6

I dunno guys

looks soft to me

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
StewartJ
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January 19, 2012, 08:47:00 PM
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I dunno guys

looks soft to me

OK, now look up at the screen...


(sorry couldn't resist)
Serge
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January 19, 2012, 08:51:38 PM
 #8

Asia wakes up after that time
SkRRJyTC
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January 19, 2012, 09:00:56 PM
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4 EST = now
StewartJ
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January 19, 2012, 09:06:48 PM
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I'm going all in at 1 BTC to test cypherdoc's Wall-Street-to-Bitcoin-Rally after effect theory.
cypherdoc
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January 19, 2012, 09:12:25 PM
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maybe they all decided to go get a beer instead?
StewartJ
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January 19, 2012, 09:18:53 PM
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maybe they all decided to go get a beer instead?

maybe the Euro gave them a hard time....
SkRRJyTC
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January 19, 2012, 09:22:50 PM
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It does seem like something is going on... not sure which way yet.
wachtwoord
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January 19, 2012, 09:23:07 PM
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maybe they all decided to go get a beer instead?

Sounds like a plan !

StewartJ
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January 19, 2012, 09:26:08 PM
 #15

The last time we had a long drawn-out and very narrow trading range, like we're experiencing now, we had a good
rally up to next support point.

Hoping for some deja vu.
pirateat40
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January 19, 2012, 09:28:44 PM
 #16

*Calls the bears to the fight.*

SkRRJyTC
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January 19, 2012, 09:31:57 PM
 #17

*Calls the bears to the fight.*

Down she goes?

Up she goes?
cypherdoc
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January 19, 2012, 09:32:44 PM
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*Calls the bears to the fight.*

beers or bears?
proudhon
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January 19, 2012, 09:33:01 PM
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*Calls the bears to the fight.*

They're showing up.
Dutch Merganser
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January 19, 2012, 09:48:16 PM
 #20

maybe they all decided to go get a beer instead?

You got it. If they're screwing around with bitcoins at all right now, they're on their phones playing a game of "Probe The Starfish" between drinks. Lots of "Hey! Watch this!", "Oooh! That was tight!" and hootin' and hollerin'. Then it will be time for dinner. America Drinks And Goes Home  Grin

"Science flies you to the Moon, religion flies you into buildings."
 - Victor Stenger

"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
 - Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
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