Extreme panic on the Stamp.
Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange - page 31. (Read 89302 times)
October 02, 2013, 01:20:25 PM
LOL
Extreme panic on the Stamp.
Extreme panic on the Stamp.
October 02, 2013, 01:12:59 PM
13% drop on BitStamp, even though SR is a drop in the bucket (and that's being generous).
October 02, 2013, 12:24:22 PM
lets see what the take over will do to the price. im my guess it will be sub 100 tomorrow. im pulling all my holdings. selling and duming. im going to buy back in in three days when i see a 30% profit margin. it will drop and it will be lowest 80s then jump to mid 90 then hold there.
you really liked SR didnt you.
dont worry, i bet you some new p2p sr will emerge to supply the demand, meanwhile bitcoin continues to facilitate e-commerce of all types.
October 02, 2013, 12:21:47 PM
lets see what the take over will do to the price. im my guess it will be sub 100 tomorrow. im pulling all my holdings. selling and duming. im going to buy back in in three days when i see a 30% profit margin. it will drop and it will be lowest 80s then jump to mid 90 then hold there.
October 02, 2013, 05:50:32 AM
Speaking about walls, I'm quite happy to see that, finally, some real market depth on bitstamp starts to form.
In the past few months, trade volume picked up nicely: on several days volume on bitstamp being higher than on mtgox. On average, volume on here is about 60 to 70% of mtgox volume.
Market depth however didn't follow at all. Last time I checked, bitstamp depth was probably less than 10% of mtgox depth. But now that appears to have changed. At a glance, depth near market price is around 80% of mtgox.
Sure, there's a lot of additional depth farther away from the market price, plus funds and coins hidden on mtgox that are not yet on the book, so I'm sure the 80% figure doesn't hold universally, but I'm very pleased to see that you can finally trade more than a few btc without incurring huge slippage.
In the past few months, trade volume picked up nicely: on several days volume on bitstamp being higher than on mtgox. On average, volume on here is about 60 to 70% of mtgox volume.
Market depth however didn't follow at all. Last time I checked, bitstamp depth was probably less than 10% of mtgox depth. But now that appears to have changed. At a glance, depth near market price is around 80% of mtgox.
Sure, there's a lot of additional depth farther away from the market price, plus funds and coins hidden on mtgox that are not yet on the book, so I'm sure the 80% figure doesn't hold universally, but I'm very pleased to see that you can finally trade more than a few btc without incurring huge slippage.
October 01, 2013, 09:49:30 PM
It's one order slowly moving down.. the orderbook on their site doesn't print it right
lol, great success for that guy.
October 01, 2013, 09:39:41 PM
ah, my bad. that makes more sense, anyway 
October 01, 2013, 09:38:24 PM
It's one order slowly moving down.. the orderbook on their site doesn't print it right
October 01, 2013, 09:28:09 PM
Hm, I only see one 1k ask. Have they all been pulled? Thats really odd.
October 01, 2013, 09:19:49 PM
What's up with the ask walls on bitstamp? Are a bunch of people buying on bitstamp and selling on gox? It does really look like, to me, people are trying to cap bitstamp prices for some reason...
October 01, 2013, 08:44:57 PM
So much action on BitStamp that one guy can drive the market down several percentage with 400btc ask walls.
September 30, 2013, 05:01:11 PM
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
wrong, daily coin supply is constant.
In absolute terms it's roughly constant for the next 3 years, yes.
However, in relative terms (think: inflation), it's indeed constantly falling:
@johnyj: this should already be priced in since it's known, don't you think?
If this market would be mainly driven by professional traders, institutional investors, etc., then, yes, maybe. (cue: "lol banks are fail. expect hyperinflation tomorrow!") In reality, I'm not sure at all if it is priced in, especially because it touches on the central question of pretty much all of our current trading: how to accurately price something that has huge potential, but also a rather large chance of failing. If our little experiment turns out to be successful, the gradual realization of the reality of coin supply will drive price up at a breakneck speed. If it fails, for whatever reason, the coin supply won't matter anyway.
September 30, 2013, 04:07:32 PM
Interesting, chinese have not proven yet to have much vision, copying won't cut it. To understand the value of bitcoin you need a desire for freedom, independence, sovereignity for the individual. Not their strongest side.
I beg to differ.
The chinese people have seen many a paper currency come and go, they save in gold.
The chinese government has a strong need for a sound reserve currency. The USD quite obviously doesn't cut it any longer. These people are not stupid and are enabled to think in longer time horizons than until the next election.
September 30, 2013, 04:01:49 PM
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
wrong, daily coin supply is constant.
In absolute terms it's roughly constant for the next 3 years, yes.
However, in relative terms (think: inflation), it's indeed constantly falling:
@johnyj: this should already be priced in since it's known, don't you think?
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
September 30, 2013, 02:33:01 PM
Volume has been a joke for days now, anyone care to explain to an amateur why the price is rising?
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
Who are these people joining the game? The chinese? Google trends shows a further drop in interest.
Interesting, chinese have not proven yet to have much vision, copying won't cut it. To understand the value of bitcoin you need a desire for freedom, independence, sovereignity for the individual. Not their strongest side.
September 30, 2013, 02:27:35 PM
Volume has been a joke for days now, anyone care to explain to an amateur why the price is rising?
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
Who are these people joining the game? The chinese? Google trends shows a further drop in interest.
September 30, 2013, 08:51:06 AM
Volume has been a joke for days now, anyone care to explain to an amateur why the price is rising?
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
Who are these people joining the game? The chinese? Google trends shows a further drop in interest.
September 30, 2013, 08:26:01 AM
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
wrong, daily coin supply is constant.
September 30, 2013, 07:27:25 AM
Volume has been a joke for days now, anyone care to explain to an amateur why the price is rising?
The price will always rise, due to shrinking daily coin supply and more and more people joining the game
September 29, 2013, 03:44:37 PM
Volume has been a joke for days now, anyone care to explain to an amateur why the price is rising?
Because Bitcoin is massively
Jump to: