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Why is it funny? Is there some obvious explanation for this I am missing? Seen it a couple of times now.
by ThomPete 9y ago
Why is it funny? Is there some obvious explanation for this I am missing? Seen it a couple of times now.
- RexetBlell 9y agoIt's funny because the trading volume of Bitcoin is huge - about 250 million dollars worth of Bitcoin is bought and sold per hour around the world, 24/7. My guess is that the reason we see the horizontal lines is because let's say someone places a large sell order (say 1000 Bitcoins) at $11600. It takes a few minutes for the market to absorb it. The price stays flat until the entire order is bought.
- ThomPete 9y agoYes, which is why I was asking. I have had bitcoin since early on so I am aware of increased trading volume. Thanks for the explanation.