Bitcoin Forum
September 30, 2016, 06:39:04 AM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Stable Exchange Rate?  (Read 5954 times)
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 01, 2010, 09:48:03 PM
 #41

volatility is low predominantly because psychology is balanced. Market participants are split between the belief of a rally or a decline.
volume is only a consequence of the former.
like with any other global market we are in a consolidation/ sideways pattern which is almost always accompanied by low volume.
only if expecation balance changes in any direction, volume will pick up substantially.

Example:
more people think BTC will increase in value. Some of them want to anticipate that and buy coins. To get the amount they want the bid prices up above last weeks high. Others see that and jump on the boat, driving prices further up. Some others whi did not trade for a while find out later and are worried to miss the rally and bid prices further up... Volume rises a lot..

The inverse happens to the downside.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
1475217544
Hero Member
*
Offline Offline

Posts: 1475217544

View Profile Personal Message (Offline)

Ignore
1475217544
Reply with quote  #2

1475217544
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1475217544
Hero Member
*
Offline Offline

Posts: 1475217544

View Profile Personal Message (Offline)

Ignore
1475217544
Reply with quote  #2

1475217544
Report to moderator
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 02, 2010, 09:31:32 AM
 #42

..and the low volatility and stable exchange rate helps increasing the stake .. :-)

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
October 04, 2010, 08:02:54 AM
 #43

Quote
A guy brought lot of bitcoins on mtgox and it didn't exactly goes as planned.

How do you know what his plans were? Maybe it went exactly as planned. Maybe he knew that 30,000 BTC wasn't enough to crash the market and he was only trying to lull traders into a false sense of security.

Or maybe those 30,000 were a weather balloon.

Maybe next time he will dump 1 million bitcoins.

GPG ID: FA868D77   bitcoin-otc:forever-d
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 04, 2010, 06:45:24 PM
 #44

--> foreeverdamaged
You are right that with 1 million bitcoins the market would crash, but to do that, he would get less than 0.02 for his remaining 960,000 bitcoins and for most of them even less..

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
MoonShadow
Legendary
*
Offline Offline

Activity: 1666



View Profile
October 04, 2010, 07:05:03 PM
 #45

--> foreeverdamaged
You are right that with 1 million bitcoins the market would crash, but to do that, he would get less than 0.02 for his remaining 960,000 bitcoins and for most of them even less..


And there is no certainty that even that even such a hard crash would keep the market price down.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 04, 2010, 07:07:06 PM
 #46

Agree, if psychology and confidence in bitcoins would still be good during this crash, traders and BTC investors would step in big time and buy at cheap prices, similar to the May 6 flash crahs

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 05, 2010, 10:00:39 PM
 #47

The bitcoin market has picked up in volume massively over the past 48 hours. We are almost at an all time high volume.

Let's see that sign this will bring...

https://mtgox.com/trade/history

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 05, 2010, 10:16:08 PM
 #48

The bitcoin market has picked up in volume massively over the past 48 hours. We are almost at an all time high volume.

Let's see that sign this will bring...

https://mtgox.com/trade/history

High volume! Not much fluctuation in price, for now.

S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 05, 2010, 10:18:29 PM
 #49

Correct.

Biggest resistance is at 0.062. There is a 10,000 BTC+ sell order at that level. If this can be broken, then there is little resistance (=few sell orders) until 0.064

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 06, 2010, 10:57:05 AM
 #50

I agree that the automated trading helps providing liquidity.

At the same time, there is accumulation happening overall in the btc market , with a breakout to the upside more likely than a decline.

On by the way, idont hold large positions, I am not talking the market up. I just offer my technical analyst experience for perspective.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
October 06, 2010, 07:55:23 PM
 #51

Does anybody know of open source software that performs automated trading?

I found http://www.geniustrader.org/ but perhaps there are others.


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
October 06, 2010, 10:24:47 PM
 #52

Does anybody know of open source software that performs automated trading?
I found http://www.geniustrader.org/ but perhaps there are others.

How do you interface your auto trading program with MtGox? Do you simulate keyboard input or is there  a less clumsy way of doing it?

GPG ID: FA868D77   bitcoin-otc:forever-d
jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
October 06, 2010, 10:29:13 PM
 #53

Does anybody know of open source software that performs automated trading?
I found http://www.geniustrader.org/ but perhaps there are others.

How do you interface your auto trading program with MtGox? Do you simulate keyboard input or is there  a less clumsy way of doing it?

MtGox is easy:  it's all JavaScript, which means the code that handles login, buy, sell, add, withdraw is publicly visible, available for inspection and study.  It uses HTML form values, HTTP cookies and JSON data.  Any web programmer worth his salt knows how to use those.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 07, 2010, 05:05:53 AM
 #54

Massive quantity of volumes are exchanged in a few days in a row. Possible slight movement in price.

I also noticed the high activity rate for the last 5 days or so and the appearance of a few new highly active users. Perhaps bitcoin community growth has fueled the volume? Or not, we can't be sure anyway.

Pages: « 1 2 [3]  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!