Quote from: LOADING.READY.RUN on October 31, 2013, 10:43:09 AM

Quote from: billington.mark on October 31, 2013, 10:04:00 AM

Thats impressive. hopefully an interesting weekend ahead!

I wouldn't bet weekend, but this lays the foundation for a much larger exposure of BTC to the public, which in turn will lead to increased buying to begin in the next weeks/months.

Love it that this is happening and yet the price is not going bananas! I am hopeful it will stay that way and grow sustainably (however slowly or quickly that is) rather than going through the roof with a massive correction. One reason is that the market is bigger, broader and more mature now. Another is that with hardly any exchange having large orderbooks small market orders move the price substantially. But because all exchanges don't always follow suit to the same degree, rather than getting trigger-happy auto-responses exacerbating large price moves we are tending to get considered responses. I am not saying massive quick price boosts or freefall are no longer possible but I get the impression we're better protected against them happening at a whim - and I think the margin trading at Bitfinex is also helping with this regard.

If I'm right in this respect the consequence should be that more of those finding out about Bitcoin for the first time now are likely to be able to get in and get involved with small amounts at around today's prices so we get better distribution rather than panic buying on a fast rise only for the whales to cause a big correction and cream the extra coins for themselves.