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Topic: Rally!!! - page 2. (Read 4872 times)

Red
full member
Activity: 210
Merit: 115
October 30, 2011, 10:53:39 AM
#27
These were the largest transactions:
Quote
Oct29 04:49:57 mtgox    2,040.0000 @     3.35       USD
Oct29 04:50:07 mtgox    1,000.0000 @     3.48       USD
Oct29 04:50:08 mtgox       850.0000 @     3.48455 USD
Oct29 04:50:09 mtgox    4,456.3342 @     3.50       USD
Of course, this could have been the same person. But this shows that there was at least one individual throwing around thousands of coins.
There's lots of smaller transactions of a few hundred BTC too.

Edit: Also note the sheer speed with which this went. ~10k BTC within 12 seconds, and this is just the large sums.

I'm curious, did anyone check to see if these coins came out of MTGox? I mean:
1) Did someone "redeem" them for actual block list BTC so they could transfer them to someone else?
2) Or are they still sitting in a hidden MTGox account?

The first case would seem like a large (maybe international) money transfer.
The second case seems more like speculation.

hero member
Activity: 1138
Merit: 523
October 30, 2011, 10:07:12 AM
#26
Umm a lot of bots aren't operating atm on Mtgox (heard in IRC) unless I'm much mistaken that should put us back to the weekend dump Monday correct situation we had a while back.
legendary
Activity: 1386
Merit: 1000
October 30, 2011, 09:57:39 AM
#25
we will probably have a test of $3 soon

It is time to become bear:

legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
October 30, 2011, 09:37:35 AM
#24
Looks like we're in for a drop right now. It's a fairly crucial situation for the short term, if we bounce back to $3.60+ there could be an extended rally. But if not, we will probably have a test of $3 soon.
legendary
Activity: 2100
Merit: 1000
October 30, 2011, 07:40:39 AM
#23
I do agree with this. There are way too many threads in this category. Way too many. We could cover all the topics people usually discuss in like 3 threads. Tongue

this makes a lot of sense. One suggestion can be to discuss all technical factors related to bitcoin trading / investing / speculation in the bitcoin technical analysis thread.

I can not review and comment all threads, but will try to be as active as possible in this one thread.

https://bitcointalk.org/index.php?topic=1493.1500
sr. member
Activity: 364
Merit: 250
[#][#][#]
October 30, 2011, 06:53:52 AM
#22
back to topic then:

Rally!!!

 Cool
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
October 30, 2011, 06:13:21 AM
#21
I do agree with this. There are way too many threads in this category. Way too many. We could cover all the topics people usually discuss in like 3 threads. Tongue
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
October 29, 2011, 05:47:28 PM
#20
We don't seem to have a good rally thread going. So I decided to start one.

I have been wanting so say this for a while: is it just me or all the threads in the speculation forum are the same? I mean, the initial posts are usually related to the thread title, but after a couple of pages everybody is talking about market predictions, log charts, trends, etc.

When I open the forum I feel that clicking in "9 days - 8 green 1 red is this unprecedented?", "How many of you Bears have ever been a victim of a Short Squeeze?" or "Is the price slowly climbing?" is the same. I will just see random content unrelated to the thread title.

+1.  We should clean up this forum or something. lol.
hero member
Activity: 602
Merit: 502
October 29, 2011, 05:40:11 PM
#19
We don't seem to have a good rally thread going. So I decided to start one.

I have been wanting so say this for a while: is it just me or all the threads in the speculation forum are the same? I mean, the initial posts are usually related to the thread title, but after a couple of pages everybody is talking about market predictions, log charts, trends, etc.

When I open the forum I feel that clicking in "9 days - 8 green 1 red is this unprecedented?", "How many of you Bears have ever been a victim of a Short Squeeze?" or "Is the price slowly climbing?" is the same. I will just see random content unrelated to the thread title.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 29, 2011, 04:15:34 PM
#18
We might be in one of those time periods when people should not be putting up bids or asks that they do not feel pretty compfortable making.  Unless they have a personal relationship with the owners of the exchange at least.


It is always one of these times, people tend to forget that and that's when they usually loose.
legendary
Activity: 4760
Merit: 1283
October 29, 2011, 04:12:24 PM
#17
I don't think it was a particular trader, a lot of people bought just as it broke above the previous bounce.
Hmm, let me check my logs for individual sales on mtgox, to see if I can find anything…

These were the largest transactions:
Quote
Oct29 04:49:57 mtgox    2,040.0000 @     3.35       USD
Oct29 04:50:07 mtgox    1,000.0000 @     3.48       USD
Oct29 04:50:08 mtgox       850.0000 @     3.48455 USD
Oct29 04:50:09 mtgox    4,456.3342 @     3.50       USD
Of course, this could have been the same person. But this shows that there was at least one individual throwing around thousands of coins.
There's lots of smaller transactions of a few hundred BTC too.


Edit: Also note the sheer speed with which this went. ~10k BTC within 12 seconds, and this is just the large sums.

About the price of a decent car maybe.  Really just pocket change to a lot of people.  If a single person in the proverbial '1%' took a serious interest in Bitcoin we could see moves like this quite regularly.  And it is likely that such an individual would retain the services of a trader who understood the market and was able to move gracefully in it.

We might be in one of those time periods when people should not be putting up bids or asks that they do not feel pretty compfortable making.  Unless they have a personal relationship with the owners of the exchange at least.

legendary
Activity: 1764
Merit: 1002
October 29, 2011, 03:48:10 PM
#16
How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?

within seconds
hero member
Activity: 630
Merit: 500
October 29, 2011, 01:56:40 PM
#15
How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?
It's pretty much instant.  If I put in an order that is just a few cents away from the current price, and the price just trickles over the price of my order, I will instantly see 3-4 transactions that completed my order.
hero member
Activity: 938
Merit: 1002
October 29, 2011, 12:21:46 PM
#14
Of course, this could have been the same person. But this shows that there was at least one individual throwing around thousands of coins.

Could be bitcoinica too, does it support buy-stop orders? Well, it's old news anyway... Wink
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
October 29, 2011, 10:32:33 AM
#13
How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?
I don't know, but please let me know before you try it out Cheesy
^This, definitely!^
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 29, 2011, 09:59:21 AM
#12
How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?
I don't know, but please let me know before you try it out Cheesy
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 29, 2011, 09:18:35 AM
#11
I don't think it was a particular trader, a lot of people bought just as it broke above the previous bounce.
Hmm, let me check my logs for individual sales on mtgox, to see if I can find anything…

These were the largest transactions:
Quote
Oct29 04:49:57 mtgox    2,040.0000 @     3.35       USD
Oct29 04:50:07 mtgox    1,000.0000 @     3.48       USD
Oct29 04:50:08 mtgox       850.0000 @     3.48455 USD
Oct29 04:50:09 mtgox    4,456.3342 @     3.50       USD
Of course, this could have been the same person. But this shows that there was at least one individual throwing around thousands of coins.
There's lots of smaller transactions of a few hundred BTC too.


Edit: Also note the sheer speed with which this went. ~10k BTC within 12 seconds, and this is just the large sums.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
October 29, 2011, 09:11:59 AM
#10
Hahahaha yay!  Grin
hero member
Activity: 938
Merit: 1002
October 29, 2011, 09:08:41 AM
#9
Someone bought 20k coins nearly within an instant.

I don't think it was a particular trader, a lot of people bought just as it broke above the previous bounce.

I've been finding myself having to acquire new coins to keep my balance stable. I think the general sentiment is that Bitcoin as a currency is here to stay and there is enough commerce to justify a bottom close to the current exchange rate, which is a fact supported by the decline in naysayers in this forum. It's a good time to buy if you plan to spend soon, so I'm guessing a lot of people are buying in small amounts for pure commercial purposes. I also personally don't feel like buying as an investment at this point, which for me is a somewhat positive indicator that the price isn't fully motivated by greed. Wink Probably there are a lot of investors waiting to jump in if it bounces to a new high after testing 3 again but I think it's a good thing that this time they are wary.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 29, 2011, 08:32:03 AM
#8
Someone bought 20k coins nearly within an instant.

That started off the huge spike to 3.8
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