Author Topic: What is the reason for big price rise?  (Read 1304 times)

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Offline dritz3r

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What is the reason for big price rise?
« on: February 15, 2016, 08:33:06 am »
I noticed a huge increase in prices. Does anyone know why? Judging from the news should be reversed.

Offline Riverhead

Re: What is the reason for big price rise?
« Reply #1 on: February 15, 2016, 09:37:33 am »
I noticed a huge increase in prices. Does anyone know why? Judging from the news should be reversed.

The volume of MUSE transactions on Yunbi and elsewhere is very low. It doesn't take many buys on Yunbi to really push the price up. Unfortunately the reverse is also true.

Offline MrJeans

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Re: What is the reason for big price rise?
« Reply #2 on: February 15, 2016, 04:32:24 pm »
What bad news?

Offline Marky0001

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Re: What is the reason for big price rise?
« Reply #3 on: February 15, 2016, 04:38:20 pm »
What bad news?

cob said something will be released in march... well lets face it. it wont happen.


Offline MrJeans

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Re: What is the reason for big price rise?
« Reply #4 on: February 15, 2016, 04:39:35 pm »
What bad news?

cob said something will be released in march... well lets face it. it wont happen.
Hahaha its only Feb, is this really the bad news?

Offline Marky0001

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Re: What is the reason for big price rise?
« Reply #5 on: February 15, 2016, 04:42:55 pm »
What bad news?

cob said something will be released in march... well lets face it. it wont happen.
Hahaha its only Feb, is this really the bad news?

bad news is that cob doesnt show up again to keep us up to date and learn from his mistakes. But hey, at least the daily volume dropped under 1000USD again so we are experiencing "business as usual"

Offline MrJeans

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Re: What is the reason for big price rise?
« Reply #6 on: February 15, 2016, 06:41:23 pm »
What bad news?

cob said something will be released in march... well lets face it. it wont happen.
Hahaha its only Feb, is this really the bad news?

bad news is that cob doesnt show up again to keep us up to date and learn from his mistakes. But hey, at least the daily volume dropped under 1000USD again so we are experiencing "business as usual"
Hmm I guess the price rise must be a result of low liquidity. It looked like the market was running out of sellers on openmuse so people who really wanted to buy pushed up the price.

Offline Endless

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Re: What is the reason for big price rise?
« Reply #7 on: February 15, 2016, 07:03:01 pm »
Someone mentioned a faucet server in another topic that was down/rebooted, would that have any effect on price if people can not trade? Someone else taking advantage of this to make the market price higher?

Offline Riverhead

Re: What is the reason for big price rise?
« Reply #8 on: February 15, 2016, 07:08:46 pm »
Someone mentioned a faucet server in another topic that was down/rebooted, would that have any effect on price if people can not trade? Someone else taking advantage of this to make the market price higher?
Let's say you wanted to buy 200k muse. Not a large amount but more than can be bought at Yunbi without walking the order book. Since volumes are so low such a purchase really moves the market.