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Discussion => Off topic => Topic started by: euler2718 on February 06, 2012, 04:00 pm

Title: Bitcoin Fluctuation
Post by: euler2718 on February 06, 2012, 04:00 pm
Has anyone else noticed that it isn't flying around as crazily anymore? Or is this just an illusion in my head... slash... have I not been following it long enough?
-euler
Title: Re: Bitcoin Fluctuation
Post by: bitcoin loan on February 06, 2012, 04:09 pm
There is a great thread about this under SR Discussion. Anarcho really sums it up! Check it out.
Title: Re: Bitcoin Fluctuation
Post by: euler2718 on February 06, 2012, 05:33 pm
There is a great thread about this under SR Discussion. Anarcho really sums it up! Check it out.
Thanks!
-euler
Title: Re: Bitcoin Fluctuation
Post by: demetri on February 06, 2012, 06:35 pm
Has anyone else noticed that it isn't flying around as crazily anymore? Or is this just an illusion in my head... slash... have I not been following it long enough?
-euler

Being a relatively new and very small currency pool which is directly tied to supply and demand markets, its bound to be more volatile than proper established currencies. I think it is still fairly volatile but we are not seeing the big swings we have seen in the past.
Title: Re: Bitcoin Fluctuation
Post by: LexusMiles on February 06, 2012, 06:44 pm
Has anyone else noticed that it isn't flying around as crazily anymore? Or is this just an illusion in my head... slash... have I not been following it long enough?
-euler

Honestly, I think the traders and bots have set their buy / sell margins to tighter line for their buy & sells (longs and shorts). This results in selloffs at at a rice of 70cents and a buyup at a drop of 90cents. So the trend we are seeing is a gradual decline towards the $5.40 from the high at $6.50. Who knows what next though.

*Also*

The 10/21 curve method was revealed to the general population of traders at bitcointalk. Since then, margins have been uber tight.

TL;DR - The BTC platform has become more tightly gripped by currency traders, bots, and speculators. The actual moving of goods and services has become less directly impactful.