hits $250+ then hits ~$100...in 1 day. :eek: total volume dollar wise is still minuscule at ~$20m, wonder if mtgox itself is manipulating their own exchange. wild west x 100
Oh, right there, Pekelo? Why don't we see that equation go for -x2 +x-40? I don't know what the obsession with arcs in financial data is. The presence of change over time is no more a predictor than the underlying capitalization of the capital stock in this currency. By the way, is there any?
WOW $265 down to 115... How do you like them apples Pek? Doesn't help every time it drops Drudge posts it!
The saddest part is that the exchanges can't handle the volume. This is a trader's wet dream, look at the volatility. I think there is enough interest that any super big dip will be bought for a few weeks at least. But the fluctuations! They are incredible, but untradable, unless you put out blind orders and hope they get hit... I have just read, the guy put out a buy order at 140 because he thought he would be statisfied with that price. An hour later once it was filled it is up at 190...
Pekelo, your equations lost over 60%, and were applied inappropriately to non-linear data, which is a requirement to use quadratic equations so it isn't a surprise that when a binary choice between +\-x^2 means the difference between making and losing 50%, obviously that isn't appropriately represented in the data and you should never ever ever ever use those equations to fit a non-linear curve which is to say nothing really about the value of the underlying you were analyzing.
Down to $61.11, according to this article: http://finance.yahoo.com/news/bitcoin-bubble-may-burst-121100786.html
2 hours in Bitcoin time is like 2 weeks in your life. Watch it live: http://bitcoincharts.com/markets/currency/USD.html
I think the bottom is in. Low formed on 71000 volume 4 hours ago. http://bitcoin.clarkmoody.com/widget/chart/ EDIT: Wonder some of the early cheerleaders and proponents on this thread lost how much money!!!!
lol lost money? i think we hit the 2 or 3 week low or something? big deal. yeah, i was worth a shitload more when btc was at $265 each, but with dollar cost averaging, totally not sweating this. i hope it does drop more.