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Question: The price Monday April 23 will go...  (Voting closed: April 23, 2012, 09:52:51 PM)
Up - 29 (44.6%)
Down - 16 (24.6%)
No Change - 20 (30.8%)
Total Voters: 64

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Author Topic: Will this weekend slump turn into a Monday bump?  (Read 1570 times)
bittenbob
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April 22, 2012, 09:52:51 PM
 #1

I can't help but notice we have taken a bit of a hit over the weekend. Will we see a rise on Monday or will it continue to fall?
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matthewh3
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April 22, 2012, 09:58:08 PM
 #2

The price often does slump a bit at weekends.

nedbert9
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April 22, 2012, 10:19:14 PM
 #3




down to $3
waspoza
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April 22, 2012, 10:23:02 PM
 #4

Sideways.  Tongue
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April 23, 2012, 12:15:12 AM
 #5

sideways to a bit up.

Stephen Gornick
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April 23, 2012, 12:21:14 AM
 #6

Can Dwolla still be used to move money into, out of and between exchanges?  Or does the new restrictions put a damper on that.   If so, then that's a factor that weighs negatively on the exchange rate.

Will the Blockchain mobile app allow iPhone and iPad users to finally, for the first time, an easy, secure way to use bitcoins -- something they've not been able to use before?  If so, then that's a factor that weighs positively on the exchange rate.

Will BitInstant really have a way where from any of 700,000 locations around the world money can be transferred from cash into bitcoins somehow?   if so, then that's a big factor that weighs positively on the exchange rate.

Are there any entrepreneurs cranking away on some idea that will involve bitcoins in some manner?  If so, then that's a factor that weighs positively on the exchange rate.

As far as this being a "slump" though ... it isn't.  The exchange rate never got below where it was before the weekend, thus no "weekend dip" occurred.  Thus possibly no rally on Monday from those trying to snag the lower price.  Who knows.

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April 23, 2012, 12:44:57 AM
 #7

I'm just waiting for the ask walls to build up

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April 23, 2012, 12:57:29 AM
 #8

I think the new Dwolla restrictions will severely impact its use.  The amount of information they were asking for was enough of an encouragement for me to withdraw my last deposit.

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April 23, 2012, 05:01:25 AM
 #9

4/20's over guys, the spike in bitcoin demand for silkroad users is over and as the dealers cash in their coins this week I think we'll end the week back below $5.
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April 23, 2012, 05:44:07 AM
 #10

still above $5.1 with no wall at $5.2. we'll be above $5.2 tearing down $5.5 by the end of the week.

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April 23, 2012, 05:47:51 AM
 #11

I think we'll end the week back below $5.

You might find it interesting that so does the binary option for that:
 - http://betsofbitco.in/item?id=325

1.09 on agree versus 0.85 on disagree.

So if it the exchange rate is under $5 at the end of the month (end of day Tuesday 4/30) those betting on agree win 90% of the wagers made by those that bet on disagree.  So the odds for that are in the neighborhood of 1.7:1.

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