Author

Topic: vertical wall (Read 1001 times)

legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
February 13, 2012, 12:00:04 AM
#5
I usually hate the "one guy" "manipulator" crap, but this has to be one guy right? How could two different entities exist one that wants to sell as assload at 5.21 and not a penny lower and one who wants to buy an assload at 5.20 and not a penny higher? Unpossible.

But why would one guy spread it at just the fee spread and not 2,3 or 5x the fee?

It is not one actually wants to sell that much at 5.21 and the other wants to buy that much at 5.20.  One is trying to push the price down to buy cheaper coins, and the other is trying to be a benevolent 'bitcoin savior' and prevent this. Seemingly protecting the market and his own investment. They two of them end up ramming these intimidation walls against one another hoping the other will get scared and remove the wall.


I think the buyer has been with us for a while. The seller is someone who got greedy at the price, and wants MOAR! Probably sold some and thought, "If they were $2 again, I could buy double". I think he is going to be an unhappy camper!
legendary
Activity: 840
Merit: 1000
February 12, 2012, 11:54:00 PM
#4
I usually hate the "one guy" "manipulator" crap, but this has to be one guy right? How could two different entities exist one that wants to sell as assload at 5.21 and not a penny lower and one who wants to buy an assload at 5.20 and not a penny higher? Unpossible.

But why would one guy spread it at just the fee spread and not 2,3 or 5x the fee?

It is not one actually wants to sell that much at 5.21 and the other wants to buy that much at 5.20.  One is trying to push the price down to buy cheaper coins, and the other is trying to be a benevolent 'bitcoin savior' and prevent this. Seemingly protecting the market and his own investment. They two of them end up ramming these intimidation walls against one another hoping the other will get scared and remove the wall.
hero member
Activity: 714
Merit: 500
February 12, 2012, 11:49:14 PM
#3
Stupid wall.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
February 12, 2012, 11:19:55 PM
#2
I usually hate the "one guy" "manipulator" crap, but this has to be one guy right? How could two different entities exist one that wants to sell as assload at 5.21 and not a penny lower and one who wants to buy an assload at 5.20 and not a penny higher? Unpossible.

But why would one guy spread it at just the fee spread and not 2,3 or 5x the fee?
legendary
Activity: 1870
Merit: 1023
February 12, 2012, 10:15:57 PM
#1
3:15 UTC

Bid: 5.2    14700

Ask: 5.21   18100

Very steep wall on both sides.
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