Topic: . - page 11. (Read 35852 times)

This.  A smart whale would be accumulating for a longer term trade, not just pumping and dumping the daily chart.

I think "smart whale" removed bid (as usually) because he wants buy at lower price. He will wait few days and then he will buy all ask walls.

After watching the evolution of the bid sum / ask sum ratio and also of the money flow index and MACD, I believe tomorrow the conditions
should be similar to those when the smart whale triggered the previous two rallys. If he waits for one more day, there's an increased risk that
the market will slump or we get a correction down. And I believe he wants to preserve the momentum, otherwise the panic buyers won't be willing
to buy his ( soon to be overpriced ) coins. I doubt that a large buy wall will form, a wall that the smart whale could dump into at the very top,
in order to collect maximum profit. So the best solution to maximize profit may be to persuade the panic buyers into buying high.
I already saw new sell orders distributed above 152, but these could belong to other whales, who want to take advantage of the move.
Please remember, this is not TA, it's WMA ( whale movement analysis ), and the smart whale might not act at all. In which case, the market
should still enter a new upward sub-sub-wave, but it will be lame IMO.

I believe it's not related to miners in particular. If the rate of price increase is too fast, the momentum required for a parabolic rise can't build up.
It will fizzle much sooner, although it will reach a peak. And after the peak, it can only go down, making the bears happy. 

Wow, that sounded very mysteriously... Could you elaborate?

I presume this other limiting mechanism is somehow related to coins needed to "feed" the miners, i.e. fresh fiat inflow is required to balance with freshly mined coins. How it does balance depends on the current exchange rate. Right?

Nope, just when the few decide the sheeple are not buying any more and decide to smack the price again

Oh shoot you took away the spolier alert 

LOL

Because the Taliban floods the market with cheap coins they stole by hacking people's wallets? 

on the basis of what? that if people don't think its a bubble cause it rises relatively slow, that a price north of 300 will be sustained? You think we are back on an upwards cain that is sustainable? I thought you said we haven't bottomed out yet?

Sept 11 of course it crashes at a peak of 177 to a crash of 111

hope the whale is still there and hungry.

ya me too i keep pushing up my target 

Sure, the only problem is, the $trade volume to date divided by the current block reward is approaching infinity.

Hint: The problem with this logic is that the price will GO UP.

Certainly coins eventually get enticed out with a high enough price, in the last crash 150k coins instantly appeared, all desperate to sell for something remotely close to the 260 high, a similar rush of coins could easily knock price back to double digits because all the coins offered on Gox are just a smidgin of the total supply.  

The coins held by Gox but not actually offered are clearly very very numerous as the speed at which the 150k appeared could only have come from coins already in the Gox system.  So while their were technically only 20k coins offered their were probably 10 times that number 'lurking' and waiting to pounce once it looked like the market had peaked.  That's why the price was unsustainable, it was a lie that their were really only 20k coins available.

When your supply numbers are so manipulated it's so easy to manipulate the market by withdrawing or moving bids.  This is part of why Gox is so BAD as a market, it allows the out right lie of putting out offers that are never intended to be filled and will be retracted as soon as price approaches them, no legitimate market allows this kind of behavior.  If people were allowed to put in only true bids and offers and not retract them or place them at a panic speed then we would not see bubbles grow to this magnitude.

Also I'm not really convinced someone is pumping the market in preparation for a dump (wouldn't be the least surprised if that was the case though), some BTC whale might really think they are becoming 'wealthier' or are even making everyone with BTC wealthier by driving this thing up, people can really be that dump particularly in BTC land.

I would reformulate this: at the right price, a lot more coins will appear in the order book.
And there is no new fiat entering Gox, together with the suckers who would buy overpriced coins ( this is important ).
On paper, another 1-2 whale buys would deplete the coin reserves, that are visible in the order book.
But I believe there already are about 50k BTC ( or more ) ready to be sold on Gox, mostly in the hands of
bullish whales. They don't show up because the whales know that showing up would badly depress the price.
I imagined a hypothetical situation: the market reaches an ATH of about 300$, but there are
only about 20k BTC buy orders between 150$ and 300$. Who will dump first will make a killing, the rest
will be left behind. And I suspect the first to dump at the top will be the smart whale who starts the whale buys.

By this logic spreads should always be moving outward toward infinity.

The basic idea of a market is that there will always be some for sale. If there were not, I  might put up a fraction of a coin for sale at 10kUSD/BTC. If I just wanted to know, I could just wait for someone else to do the same.

Looks like Mark Karpeles has made enough money and he has no time(motivation) to grow bussiness. He would make better if he sold MtGox to Coinlab.

If the price is right, more coins will come.

AHHHHHHHHHHHHHHHHHH