Stock Market Watch

by **Icatus** » Tue Apr 01, 2014 9:00 am

Wow... Lots of exchanges made a ton of cash off this collapse...

by **Darmen** » Tue Apr 01, 2014 9:00 am

Of course, I just had to take a shower during the big spike. Drats.

by **Sabah** » Tue Apr 01, 2014 9:01 am

I should have sold at 5$. Damn.

by **Fasdokl** » Tue Apr 01, 2014 9:01 am

Icatus wrote:
Pesda wrote:So what decides the value of ByteCoin?

Same thing that decides the stock market values.

I think there's a correlation between when the stock market crashes whenever a major exchange increases their holdings significantly. The recent crash happened at the same time Testlandia quickly went from ฿200k to over ฿2 million.

by **Sierra Lyricalia** » Tue Apr 01, 2014 9:01 am

Pesda wrote:So what decides the value of ByteCoin?

Like any other live market, the value is decided by what people will pay for it at any given second. If people start to buy it right now, the value will go up until most people start selling. It can get crazy volatile - especially when, as here, the value isn't necessarily tied to any real-world thing that you can take delivery of and sell later. If we were all trading in actual dollars, pounds, yen, euros, rubles, etc. there'd be fewer and smaller spikes.

by **Icatus** » Tue Apr 01, 2014 9:01 am

Will the value ever recover D:

by **Icatus** » Tue Apr 01, 2014 9:02 am

Sierra Lyricalia wrote:
Pesda wrote:So what decides the value of ByteCoin?

Like any other live market, the value is decided by what people will pay for it at any given second. If people start to buy it right now, the value will go up until most people start selling. It can get crazy volatile - especially when, as here, the value isn't necessarily tied to any real-world thing that you can take delivery of and sell later. If we were all trading in actual dollars, pounds, yen, euros, rubles, etc. there'd be fewer and smaller spikes.

This.

by **Great Nepal** » Tue Apr 01, 2014 9:03 am

Icatus wrote:Will the value ever recover D:

Not to $3,000 level anytime soon I predict. Although my last prediction that it would crash after 1,800ish like pattern cost me that big spike...

by **Aeternabilis** » Tue Apr 01, 2014 9:04 am

Only if there's a global war; this is like the NS version of the Depression.

by **Fasdokl** » Tue Apr 01, 2014 9:04 am

Fasdokl wrote:
Icatus wrote:Same thing that decides the stock market values.

I think there's a correlation between when the stock market crashes whenever a major exchange increases their holdings significantly. The recent crash happened at the same time Testlandia quickly went from ฿200k to over ฿2 million.

Actually, the reason that happened was that Bachtendekuppen sold all of their bytecoin. They then rebought it immediately afterwards (when the market crashed) and made a HUGE profit. I think that's what happened, anyway. They now have almost 2 million coins.

by **Thafoo** » Tue Apr 01, 2014 9:04 am

Sierra Lyricalia wrote:
Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna fu... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.

My god, thank you so much for that reference.

by **Thafoo** » Tue Apr 01, 2014 9:05 am

Testlandia is ahead by a long shot and I didn't have much currency to dump at this price meaning I only gained a few coins.

Remember to invest in THAFOO EXCHANGE.

by **Ifreann** » Tue Apr 01, 2014 9:05 am

>sell at 5999.99
>buy at ~950
>haha, I are play market
>price collapses to single digit levels
>FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

by **Kyuji** » Tue Apr 01, 2014 9:06 am

Aeternabilis wrote:Only if there's a global war; this is like the NS version of the Depression.

I'll go set up the nets

by **Sabah** » Tue Apr 01, 2014 9:06 am

spiking!

by **Fasdokl** » Tue Apr 01, 2014 9:07 am

Huge spike under way right now!! going up FAST

by **Rithian** » Tue Apr 01, 2014 9:07 am

I sold at 300 right when the plummet began before it finished down to 3 or whatever.

How do you think I feel right now...

by **Spoder** » Tue Apr 01, 2014 9:08 am

Fasdokl wrote:Huge spike under way right now!! going up FAST

Nope.
It looks big, but the increments are tiny.

by **Great Nepal** » Tue Apr 01, 2014 9:08 am

Three digits, finally!

by **The other Benelux** » Tue Apr 01, 2014 9:08 am

100 now

by **Unibot III** » Tue Apr 01, 2014 9:08 am

Rising... $100+

by **Sabah** » Tue Apr 01, 2014 9:08 am

damn, can't even use fibonacci retracements on this, it''s too sudden.

by **Rithian** » Tue Apr 01, 2014 9:09 am

Back into triple digits at least. Keep spiking!!

by **Icatus** » Tue Apr 01, 2014 9:09 am

Value increase!

by **Thafoo** » Tue Apr 01, 2014 9:09 am

Going to sell mine all as currency if this becomes a significant sort of spike.

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