Silk Road forums
Discussion => Off topic => Topic started by: euler2718 on February 06, 2012, 04:00 pm
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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
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There is a great thread about this under SR Discussion. Anarcho really sums it up! Check it out.
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There is a great thread about this under SR Discussion. Anarcho really sums it up! Check it out.
Thanks!
-euler
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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.
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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.