faalhaas (OP)
Newbie
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Activity: 42
Merit: 0
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June 10, 2014, 03:35:33 PM |
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647-650-653 bounce bounce 647-650-653 bounce bounce 647-650-653. Can anyone explain me why the price is bouncing a bit around? Whats the point?
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Gingermod
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June 10, 2014, 03:47:28 PM |
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647-650-653 bounce bounce 647-650-653 bounce bounce 647-650-653. Can anyone explain me why the price is bouncing a bit around? Whats the point?
That's just how markets naturally move on a day by day basis. Maybe you should go outside and take a little break.
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MatTheCat
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June 10, 2014, 03:47:58 PM |
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647-650-653 bounce bounce 647-650-653 bounce bounce 647-650-653. Can anyone explain me why the price is bouncing a bit around? Whats the point?
The point is that nobody is buying, and nobody is selling, so these figures represent the the very thin spread around the Bitcoin spot price. I think that Bitstamp won't go up until it has went down. Even when the other exchanges ramp, the selling pressure on Bitstamp has proven a few times too great to be impressed by the leveraged/fake volume break outs on the other exchanges. I suspect that some heavy whales entities on Stamp are after a long squeeze on the maxed out state of the leveraged long positions. Perhaps if they keep a heavy lid on any break out attempt, longs on Bitfinex (which routes trades through Stamp), Huobi, and perhaps even BTC-e, will be forced to liquidate their positions by selling their BTC into market. This would mean a glut of cheaper coins for the whales forcing the squeeze, if it were to play out that way. I am finding particularly interesting how Bitstamp never reacted to that Huobi ramp earlier.
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hellscabane
Legendary
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Activity: 896
Merit: 1000
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June 10, 2014, 04:33:35 PM |
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647-650-653 bounce bounce 647-650-653 bounce bounce 647-650-653. Can anyone explain me why the price is bouncing a bit around? Whats the point?
That's about a 1% spread, which is pretty standard in a trading market. These sort of spreads represent a few factors that impact trading price such as fees. As for the relative lack of volatility, things are definitely pretty quiet. But that's not necessarily a bad thing, especially with the amount of action in the last few weeks.
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akujin
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June 10, 2014, 04:39:35 PM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7 LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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DolanDuck
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June 10, 2014, 04:49:45 PM |
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After the huge rally of the last weeks we are passing through some days of consolidation, the value seems stable but in my opinion this won't last long.
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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BitcoinBobbeh
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June 10, 2014, 07:24:39 PM |
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I clicked on this because I thought it was a phone number.
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By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
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Benjig
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June 10, 2014, 08:14:56 PM |
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The bots are who are like playing with the price in that way, and recently its have been quite, i would say "calm before the storm"
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Ilsk
Legendary
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Activity: 834
Merit: 1015
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June 10, 2014, 09:47:28 PM |
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Bitcoins need some days of rest before they can start to climb again.
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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June 10, 2014, 09:59:23 PM |
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647-650-653 first numbers makes 666, influence by Satan himself second numbers make 455, last resistance level third number makes 753, next resistance level
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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URSAY
Legendary
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Activity: 1974
Merit: 1010
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June 10, 2014, 10:02:33 PM |
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I clicked on this because I thought it was a phone number.
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Bitsaurus
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June 10, 2014, 11:06:21 PM |
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and we're stuck
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Alonzo Ewing
Legendary
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Activity: 1040
Merit: 1001
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June 10, 2014, 11:42:53 PM |
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Why did you post my phone number??? NOT COOL!
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BTCfan1
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June 11, 2014, 07:35:08 AM |
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867-5309
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DrG
Legendary
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Activity: 2086
Merit: 1035
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June 11, 2014, 09:17:17 AM |
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867-5309 If you give away any more of my Bitcoin-QT wallet pw I'll have to kill you. And here I was thinking it was super secure.
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percocet
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June 11, 2014, 11:25:56 AM |
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It's called consolidation. We're just getting ready for the next leg up
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hellscabane
Legendary
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Activity: 896
Merit: 1000
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June 11, 2014, 03:29:24 PM |
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647-650-653 first numbers makes 666, influence by Satan himself second numbers make 455, last resistance level third number makes 753, next resistance level You, good sir, deserve a cookie.
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