20.02
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Over 250,000 BTC have now been traded on Mt.Gox within the last 24 hours, an all-time record. The scary part? The day just started.
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Tampilkan postingan dengan label volatility. Tampilkan semua postingan
Tampilkan postingan dengan label volatility. Tampilkan semua postingan
Minggu, 13 November 2011
$125,000 Waiting to Buy Bitcoins
Regardless of these price swings, there is definitely a lot of money sitting in Mt.Gox's accounts, waiting to pick up some Bitcoins.
Wait, make that $250,000:
Wait, make that $250,000:
45000 BTC Sold!
I can't imagine this was done on a whim. Will we discover the motivation behind this massive sale?
Edit: Probably 35,000 sold and 10,000 bought within that short period of time.
Edit: Probably 35,000 sold and 10,000 bought within that short period of time.
Senin, 24 Oktober 2011
Senin, 17 Oktober 2011
Bitcoin Volatility Follow-Up
Holy crap! So much for finding a bottom. Anyone have a barf bag I could borrow?
Minggu, 16 Oktober 2011
Is the Closure of ExchB Driving Bitcoin Prices Lower?
History shows that anytime one of the exchanges goes down, usually due to hacking, the value of a Bitcoin drops significantly. This time around, the site is closing intentionally, but it looks like it may be having the same impact.
I received an email notice from ExchB at precisely the time that the significant drop started, just over an hour ago. The price at the time was $3.72. It is now $3.39. The last time the price was that low was on May 7th!
UPDATE: $3.01. Crazy.
I received an email notice from ExchB at precisely the time that the significant drop started, just over an hour ago. The price at the time was $3.72. It is now $3.39. The last time the price was that low was on May 7th!
UPDATE: $3.01. Crazy.
Rabu, 12 Oktober 2011
Volatility Falls Off a Cliff - Is Bitcoin Finding its Bottom?
This interesting four-week chart is brought to us by Option Stalker:
As volatility falls, it implies that traders are beginning to agree on a longer-term valuation for Bitcoin. I'd be curious to see if volatility has ever been this low since the price peak in June, but I'm guessing that it probably hasn't.
Could this be the bottom?
As volatility falls, it implies that traders are beginning to agree on a longer-term valuation for Bitcoin. I'd be curious to see if volatility has ever been this low since the price peak in June, but I'm guessing that it probably hasn't.
Could this be the bottom?
Jumat, 07 Oktober 2011
I Didn't See This Coming
Okay, I will admit, I didn't see this coming, and it's cost me a few dollars.
When you're as much of a Bitcoin advocate as I am, it can be difficult to understand why others don't feel the same way, and when those others put their money where their mouths are, you get the above chart.
FreeTrade nailed it in his "Mappers vs Packers" post. A lot of "Packers" are not seeing Bitcoin's potential, it's raison d'être, and they're bailing because they think Bitcoin's value will drop to something considerably less that what it can be sold for today.
Meanwhile, the Bitcoin economy continues to grow, and difficulty has barely budged relative to the price drop - miners continue to mine.
If you've been reading this blog for a while, you know I'm more concerned with the long-term potential of Bitcoin, but my blog is called "Bitcoin Trader," so I feel obligated to comment on the short-term price changes.
Are we going lower? Maybe, but there just isn't that much lower we can go. At the end of the day, there is a limit on the number of Bitcoins that will ever exist, and so as long as the Bitcoin economy continues growing, which it is, each Bitcoin will increase in value. Is the entire Bitcoin economy and its perceived potential worth less than $21 million USD, or less than $1 per Bitcoin? No chance in hell - no way.
We're talking about a new paradigm for the way money is moved around the world. Is that worth less than a company that makes little plastic shoes? Well, at the moment of this post, all 21 million Bitcoins would apparently be worth 1/22nd of that company. If the ground-breaking, mind-blowing, change-the-world potential of Bitcoin was worth the same as plastic (okay, I'll admit they're pretty comfortable) shoes, all 21 million of them would be worth $108.10 USD each.
I don't know what's going on with this valuation under $4 per Bitcoin. I definitely didn't see this coming, but I will be buying many many more at these prices, and I doubt I'll be the only one.
Sabtu, 17 September 2011
Bitcoin = Mega-Value at $4.80
We don't know how much a Bitcoin will be worth on the exchanges on a day-to-day basis, but there are a few things we do know:
- Every day, more and more websites, e-businesses, and brick-and-mortar businesses accept Bitcoin as a means of payment;
- New software, apps, and services for Bitcoin are launched every week;
- Hundreds, if not thousands of very intelligent and experienced programmers and entrepreneurs are dedicating their time to Bitcoin's development;
- Bitcoin makes possible previously impossible or costly financial transactions.
What do the above mean? Continuous growth of the Bitcoin economy.
What is continuous growth divided by 21 million? A continuously increasing price for a Bitcoin.
The fall from $32 to $4.80 is literally a bump in the road. Makes you wonder how high it can go, doesn't it?
- Every day, more and more websites, e-businesses, and brick-and-mortar businesses accept Bitcoin as a means of payment;
- New software, apps, and services for Bitcoin are launched every week;
- Hundreds, if not thousands of very intelligent and experienced programmers and entrepreneurs are dedicating their time to Bitcoin's development;
- Bitcoin makes possible previously impossible or costly financial transactions.
What do the above mean? Continuous growth of the Bitcoin economy.
What is continuous growth divided by 21 million? A continuously increasing price for a Bitcoin.
The fall from $32 to $4.80 is literally a bump in the road. Makes you wonder how high it can go, doesn't it?
Minggu, 11 September 2011
Explanation for the 9/11 Volatility
In case you were wondering just what the heck was going on, here's your explanation. For the first time, traders have levered access the Bitcoin market, and it's showing. In just seconds, the market jumped nearly 50% on huge volume.
It remains to be seen if things will settle out, but for the time being, the market remains quite volatile. Bitcoinica is suddenly the second biggest Bitcoin exchange, by volume, and it's been open for less than three days.
***UPDATE*** Bitcoinica now posts their trading volume on their home page - it's now up to 19,000 BTC over the last 24hrs. Incredible.
It remains to be seen if things will settle out, but for the time being, the market remains quite volatile. Bitcoinica is suddenly the second biggest Bitcoin exchange, by volume, and it's been open for less than three days.
***UPDATE*** Bitcoinica now posts their trading volume on their home page - it's now up to 19,000 BTC over the last 24hrs. Incredible.
