Bitcoin Market News @BitcoinAnalysis
I'm talking about how the Bitcoin Market moves, shakes, falls, and rises. Bitcoinia Joined June 2011-
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Portfolio Update: LONG TERM LONG | from 7.51$/btc with 1 unit (100 btc) SHORT TERM LONG | from 18.20$/b... http://bit.ly/kduGmF #bitcoin
Another interesting phenomenon right now is the lack of ppl effectively arbitraging between MtGo and others. Clear sign of lacking Liquidity
Short-Term: The market will interpret the slow as negative sign. Long-Term: Many more people have BitCoins now which will fuel growth.
2) the demand slowly eroding the supply of bitcoin. Almost 1% of bitcoins in existence changed hands on monday, without the rate changing.
1) We've seen explosive demand on more liquid markets over the weekend. MtGox should get more liquid the week in. bitcoincharts.com/charts/bcmPPUS…
There's two factors that make us optimistic about resuming bitcoin growth in the next days:
But the price staying constant for almost the entire day, with buys slowly chipping away the bitcoin supply on mtgox.
Which led to a temporary flatline, and a slight decline. On Monday it then saw another top-ranking trade day, with >$1MM USD changing hands
Over the Weekend BitCoin exploded from $9 right up to around $18. There growth stalled, because buyers couldn't get their cash into mtgox
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