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I think that your read is a "rather bullish" interpretation of the charts, too. You can see pretty clearly that it did fall, http://bitcoincharts.com/charts/mt
by yebyen 13y ago
I think that your read is a "rather bullish" interpretation of the charts, too. You can see pretty clearly that it did fall, http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g2..., or another way, the last few days have seen above average volatility and a large spike in trading volume following the news.
Now, had you said that only today's spot price, one week after the news, looks basically unmoved by the event from the trades before October, I would have simply agreed with you. But you can't read that chart and tell me there was "no effect."
- craigching 13y agoTo clarify, I was only responding to geuis' interpretation of what the article said, not whether the article was correct or not. I honestly have no idea if the article is correct or not, but I also think that geuis was misrepresenting what the article said as written. EDIT: I think you meant to respond to notahacker and not to me.
- yebyen 13y agoI did read his reply and that's where I heard "rather bullish" to quote, but I meant to respond to you; sorry just being pedantic, I realize you were just trying to respond, but I just thought it should be clear: the market moved, even if it bounced back rather quickly. There was in fact a ton of activity and big motion at the time of the announcement. Definitely not moving from 260 to 130 as one might infer, but certainly a lot more movement than the rest of the week (or month?) prior.