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oakpacific
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January 25, 2013, 01:55:00 PM |
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I'm still really curious about the lack of orders on both the buy and sell side.
The Americans will get out of bed in 30 minutes and boot their Gox. Then we will know what they think!!! You know they have 6 or 7 timezones depending of how you look at it? almost 7 am in the mountain timezone (utah here...) so east coast is pushing 9 am. the west coast is on the creep to wakefulness. Iwas just about to say"But only east/west shores and Chicago matters"....  Luckily I didn't |
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rebuilder
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Activity: 1615
Merit: 1000
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January 25, 2013, 02:24:04 PM |
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I'm still really curious about the lack of orders on both the buy and sell side.
Price discovery, right? No-one knows what the "true" price of a bitcoin is, and now people are especially unsure of it. In a rally, people wonder if maybe it's higher than they thought previously and so buy. In a crash, they wonder if maybe the folks selling know something about the "true" price and sell. Once the swings cease, we're left with a mexican standoff, with few willing to risk a strong position either way. This is why we'll continue to see huge volatility for a long time to come, yet. Speculators amplify price movements, and with a low market cap still, their effect is quite pronounced. |
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Sitarow
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Activity: 1792
Merit: 1047
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January 25, 2013, 02:38:32 PM |
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Sitarow
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Merit: 1047
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January 25, 2013, 02:46:04 PM |
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Sitarow
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Merit: 1047
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January 25, 2013, 02:51:19 PM |
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cypherdoc
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January 25, 2013, 02:53:02 PM |
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are you trying to show here that mtgoxlive is lagging? seems like you'd want all your different windows in btccharts to be equal in width? (i guess its not that important) |
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Sitarow
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January 25, 2013, 02:56:27 PM |
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Sitarow
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January 25, 2013, 03:01:10 PM
Last edit: January 25, 2013, 04:47:28 PM by Sitarow |
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are you trying to show here that mtgoxlive is lagging?
seems like you'd want all your different windows in btccharts to be equal in width? (i guess its not that important)
Lag is always a factor. However what I am doing apart from showing the present status of things is what the activity was 7hrs ago compared to how it is now. Factors that may have moved the volume up 11k and how the a low volume sell can bring the price back to 16.5 A bird in the hand is worth two in the bush. Unless your a good hunter  |
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mccorvic
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January 25, 2013, 04:22:36 PM |
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Well, here we go again!
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cypherdoc
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January 25, 2013, 04:23:08 PM |
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Bears sitting there with jaws a droppin'.
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Sitarow
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Activity: 1792
Merit: 1047
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January 25, 2013, 04:59:49 PM |
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BitcoinBA
Member
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Activity: 74
Merit: 10
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January 25, 2013, 05:02:42 PM |
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Dead cat bounce
Nope, that was yesterday already.. That was it, I don't think it'll drop more. Hey, I know a new game: *everyone* posting here *has* to state his/her position! This would show why some people write what they write.. ;-) /sticking to his btc Ente I have only about 200 BTC. My "strategy" is NO strategy - just sitting on them. I would have about 250 if I would follow this from the beginning  |
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 25, 2013, 05:11:41 PM |
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bull trap set. dump more coins!  |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 25, 2013, 05:19:02 PM |
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where is Yuhfhrh?
he hasn't been on the forum for at least a week.
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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January 25, 2013, 05:22:08 PM |
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bull trap set. dump more coins! At what price did you panic sell? |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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January 25, 2013, 05:23:00 PM |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 25, 2013, 05:23:11 PM |
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bull trap set. dump more coins! At what price did you panic sell? 16.25 CAD |
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Kupsi
Legendary
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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January 25, 2013, 05:25:51 PM |
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bull trap set. dump more coins! At what price did you panic sell? 16.25 CAD Ouch... |
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thezerg
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Activity: 1246
Merit: 1010
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January 25, 2013, 05:26:02 PM |
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jesus...this isn't even a retracement. Its turning into just an isolated dump... bigger then normal but still quickly repurchased
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 25, 2013, 05:28:54 PM |
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jesus...this isn't even a retracement. Its turning into just an isolated dump... bigger then normal but still quickly repurchased
yes denial runs deep within the community, reality check is in order. |
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