I feel like the price naturally wants to go down as BTC is well over priced at the moment. Whales are keeping it artificially high with big market orders to ware down other people's confidence that the price is going to go back down. And it seems to be working at least on this thread, if you look back just a few days everyone still thought it was going to go down.
They should stop with the big market orders, every additional time they push it up over $100 the $100 mark becomes less effective to convince the weak to buy in. If it was going to spike up it would have happened already
do people think this Bernanke speech will have any effect on the exchange? also where is it possible to watch online?
loozik, what kind of orgasms the whale wants now?
Daddy promised a few days ago not to make any new predictions.
cause you can't actually predict it
What will happen at the $86 bid wall? 3000 btc tall and doesnt look like people are that willing to sell. how long will it take to break or will it be broken?
said right before a bull run!
BTC, i will never understand you! back above 90
dont get too excited its going to fall more again
When there is very little trading going on, like right now, surely that would result in the price going down?
When there is very little trading going on, like right now, surely that would result in the price going down?
nope, it might just as well been a correction
well if the market is now correct then wouldn't that spark more trading?
When there is very little trading going on, like right now, surely that would result in the price going down?
nope, it might just as well been a correction
well if the market is now correct then wouldn't that spark more trading?
large, single buys/sells spark more trading, nothing else.
ummm yess, when there is more trading, there is more trading, but i'm looking at why that would happen. what i'm thinking is that there would be a certain level of trading when the price is correct. when the price is low the market would be having a higher trading volume, and when it is high there would be less, which is why i think btc is over priced now.
nope, one buy or not sell is not 'more trading'. Well ok, ANY BUY/SELL is one more trade, but I think we mean actual action going on. One 3k buy or sell will trigger volume. 100 30btc buys and sells will not trigger further volume
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dude all im saying is that so far today's low volume in trade shows that btc is over priced. do you agree or disagree?
nope, one buy or not sell is not 'more trading'. Well ok, ANY BUY/SELL is one more trade, but I think we mean actual action going on. One 3k buy or sell will trigger volume. 100 30btc buys and sells will not trigger further volume
dude all im saying is that so far today's low volume in trade shows that btc is over priced. do you agree or disagree?
if bitcoin would be overpriced, then people would be selling them, don't they? If they are not doing this maybe they think that price is too low.
well obviously the people holding on to their coins think its under priced, but since there are few buyers compared to average wouldn't that show something? if someone suddenly needs fiat it will send the price well down, and i think this is much more likely than someone suddenly needing btc