Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17458.

Elwar

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Viva Ut Vivas

Quote from: Chevas Regal on April 08, 2017, 07:13:51 AM

can some one tell me what was the highest price at which BTC was there in this year? Is there any chances to break that record? As far as i remember it was around 1300$ a BTC in first week of march. Huh

The price jumped quickly to $1350 then came back down the day of the ETF.

Chevas Regal

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Activity: 378

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www.tgtcoins.com/ico

can some one tell me what was the highest price at which BTC was there in this year? Is there any chances to break that record? As far as i remember it was around 1300$ a BTC in first week of march. Huh

Kramerc

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Activity: 397

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Quote from: becoin on April 08, 2017, 06:43:39 AM

Quote from: Kramerc on April 08, 2017, 06:11:17 AM

So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?

Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?

Makes sense...

It doesn't matter how much does it worth today. What does matter is what % of existing bitcoins does it represent.

Definitely makes sense!

The higher the price goes, the more distributed the coins will be, the less chance that someone is willing to assume the counter party risk of holding thousands of coins on an exchange. Thus, if we're lucky, 5 years from now, 100 btc will be a wall, not 10000 btc :/

bitebits

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Flippin' burgers since 1163.

Quote from: becoin on April 08, 2017, 06:43:39 AM

Quote from: Kramerc on April 08, 2017, 06:11:17 AM

So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?

Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?

Makes sense...

It doesn't matter how much does it worth today. What does matter is what % of existing bitcoins does it represent.

Definitely makes sense!

Not for as long BTC can be bought with infinite USD.

becoin

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Activity: 3431

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Quote from: Kramerc on April 08, 2017, 06:11:17 AM

So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?

Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?

Makes sense...

It doesn't matter how much does it worth today. What does matter is what % of existing bitcoins does it represent.

Definitely makes sense!

Kramerc

sr. member

Activity: 397

Merit: 250

So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?

Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?

Makes sense...

Karartma1

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Activity: 2310

Merit: 1422

Quote from: Elwar on April 08, 2017, 02:58:12 AM

The wall at $1200 is about 1000 BTC.

Huge walls like that tend to be manipulation in the direction of the wall.

I think 1000 BTC wall could have been considered a wall three years ago. Today a thousand BTC wall is more like a wooden fence.

orpington

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Quote from: Kramerc on April 08, 2017, 03:57:20 AM

Quote from: talkbitcoin on April 08, 2017, 03:51:13 AM

Quote from: Kramerc on April 08, 2017, 03:36:29 AM

It would cost them if some bigger whale came and ate their order whole, before taking the price considerably higher. But I suspect a lot of times these market makers have some sort of inside information from the exchanges wrt potential heavy buyers.

very interesting about the walls. i am no expert but i usually see these types of walls be placed deep (under other orders). so if this is true that these walls are placed as "a mental barrier" then that explains it, you can easily use a bot to watch the market and cancel the order and place it deeper if you see some movement.(?)

Of course, that's what they do. It's obvious especially if you observe altcoin markets, where price moves faster. My guess is that the entity holding the wall is quite confident that there is nobody able to swallow him in one bite so he keeps the wall close to the spot price.

The "wall" when placed, is meant to be eaten by design, eventually. At a certain point it just evaporates.

I think its usually the exchanges themselves, knowing some big money just came in. Seen it happen way too much.

Does the "mental barrier" actually affect anyone? lol

machasm

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Quote from: bitebits on April 08, 2017, 04:36:19 AM

Quote from: JayJuanGee on April 07, 2017, 07:50:51 AM

Quote from: bitebits on April 07, 2017, 02:29:58 AM

How many bitcoins must one currently hold, as a citizen of a first world country, to be exited about the bitcoin price (movements)?

Of course, there is no "must" when it comes to this kind of a thing, and even in the "first world" there is a considerable amount of variance in income and in how much someone might have available to invest.

if you are feeling fairly bullish about bitcoin, then holding 10% of your quasi-liquid investments in bitcoin could be a good thing.. and maybe for some people that could be up to 10 bitcoins, but they might not get rich in the shorter term with 10 bitcoins, so maybe 100 would be a better target.. even though 100 might be too difficult to achieve for some people, especially if they are just entering into BTC and 10 might be more realistic.

So 100 bitcoins it is. How many dollars must one currently hold, as a citizen of a first world country, to be considered rich?

>$10,000,000?
I don't think 100BTC would class you as rich since, at todays prices, that would be ~$120,000

bitebits

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Activity: 2242

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Flippin' burgers since 1163.

Quote from: JayJuanGee on April 07, 2017, 07:50:51 AM

Quote from: bitebits on April 07, 2017, 02:29:58 AM

How many bitcoins must one currently hold, as a citizen of a first world country, to be exited about the bitcoin price (movements)?

Of course, there is no "must" when it comes to this kind of a thing, and even in the "first world" there is a considerable amount of variance in income and in how much someone might have available to invest.

if you are feeling fairly bullish about bitcoin, then holding 10% of your quasi-liquid investments in bitcoin could be a good thing.. and maybe for some people that could be up to 10 bitcoins, but they might not get rich in the shorter term with 10 bitcoins, so maybe 100 would be a better target.. even though 100 might be too difficult to achieve for some people, especially if they are just entering into BTC and 10 might be more realistic.

So 100 bitcoins it is. How many dollars must one currently hold, as a citizen of a first world country, to be considered rich?

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: suzanne5223 on April 07, 2017, 11:30:51 PM

Quote from: JayJuanGee on April 07, 2017, 09:16:14 PM

Quote from: JayJuanGee on April 07, 2017, 04:30:09 PM

Quote from: JimboToronto on April 07, 2017, 02:56:44 PM

Quote from: Ted E. Bare on April 07, 2017, 02:47:56 PM

Quote from: JimboToronto on April 07, 2017, 02:27:01 PM

Excuse me for interrupting with a wall observation but the 416 coin ask wall at Stamp caught my attention. Seems someone really wants to keep the price under $1200.

Eaten or pulled?

It is getting eaten now. Very exciting to watch.

The slightly lower one was pulled after being partially eaten.

The slightly higher one was partially eaten and the moved up a notch.

Entertaining indeed.

Pulled while typing.

Edit: Seems they were just intimidation walls and like most bullies, they were cowards.

Push back and they go running home crying to mommy.

Edit: Lawl. Back again, this time a pair of 300 coin walls. Roll Eyes

Walls just dancing in and out.

Yep...

There was another wall at $1196.77 - started out with 527 coins, and then 92 coins were eaten in a matter of minutes, which left 323 coins. Those coins were then pulled... and moved to $1,298.08.

I think that they are going to get eaten, within the coming hours... but really it is not easy to know how many coins each of these whales have and whether they are going to be able to hold off an upward breach of $1,200 - within the next several hours... I'm kind of thinking that the odds for breaking upwards is pretty decent....

Anyone differ?

Edit: now it looks like the 323 guy might have stacked his coins behind another 100 coins at $1198.13.

It is like he would prefer the coins of other people to get eaten first... hahahahahaha

It would be nice to see the totality of the 423 coins to be eaten all at once, so that the 323 guy does not have another chance to pull his coins... but that may just be wishful thinking on my behalf.

I'm quoting myself.. hahahahaha

O.k. at this time, there are about 1,000 coins on Stamp to get us to break $1,200 - Are we breaking $1,200 in the next 24 hours? or at least some time over the weekend? or by monday? I have some difficulty believing that prices would be able to bounce around in a $1,170 to $1,195 arena until monday..... so something has got to happen, before monday, no? One way or another.. which way? Up or down, right? Not sideways, right? Something tells me that if there are several tries, and not able to break upwards, then Cry

we be going dee udder direction.

Yes, we're breaking $1200 in the next 24hours and if we're unable to break the $1200 this weekend. We will break the price next week I'm so sure of it.

Well, that is good to know.

I appreciate the good news. Wink

Kramerc

sr. member

Activity: 397

Merit: 250

Quote from: talkbitcoin on April 08, 2017, 03:51:13 AM

Quote from: Kramerc on April 08, 2017, 03:36:29 AM

It would cost them if some bigger whale came and ate their order whole, before taking the price considerably higher. But I suspect a lot of times these market makers have some sort of inside information from the exchanges wrt potential heavy buyers.

very interesting about the walls. i am no expert but i usually see these types of walls be placed deep (under other orders). so if this is true that these walls are placed as "a mental barrier" then that explains it, you can easily use a bot to watch the market and cancel the order and place it deeper if you see some movement.(?)

Of course, that's what they do. It's obvious especially if you observe altcoin markets, where price moves faster. My guess is that the entity holding the wall is quite confident that there is nobody able to swallow him in one bite so he keeps the wall close to the spot price.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: Kramerc on April 08, 2017, 03:36:29 AM

It would cost them if some bigger whale came and ate their order whole, before taking the price considerably higher. But I suspect a lot of times these market makers have some sort of inside information from the exchanges wrt potential heavy buyers.

very interesting about the walls. i am no expert but i usually see these types of walls be placed deep (under other orders). so if this is true that these walls are placed as "a mental barrier" then that explains it, you can easily use a bot to watch the market and cancel the order and place it deeper if you see some movement.(?)

Kramerc

sr. member

Activity: 397

Merit: 250

It would cost them if some bigger whale came and ate their order whole, before taking the price considerably higher. But I suspect a lot of times these market makers have some sort of inside information from the exchanges wrt potential heavy buyers.

If you think about it, if someone really wants to sell, they would scale their orders to make it almost impossible to know how much they've parted with. Having such a wall only makes sense when there's a lot of liquidity coming at the market and they want out fast, taking advantage of the market's appetite. Most of the times, heavy players need to get out of their positions when the market offers them the chance, not when they would like to.

york780

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Activity: 392

Merit: 250

Quote from: Kramerc on April 08, 2017, 03:26:14 AM

Quote from: york780 on April 08, 2017, 03:18:39 AM

Quote from: Elwar on April 08, 2017, 02:58:12 AM

The wall at $1200 is about 1000 BTC.

Huge walls like that tend to be manipulation in the direction of the wall.

So they want to lower the price. Must be the altcoin whales.

They want to place a mental barrier for people looking to buy and maybe scare some others into selling.

Walls are never resistance points, they're just fun to look at.

Thanks, so its more like a artificial barrier.
But such thing would cost those whales a lot of money?

Kramerc

sr. member

Activity: 397

Merit: 250

Quote from: york780 on April 08, 2017, 03:18:39 AM

Quote from: Elwar on April 08, 2017, 02:58:12 AM

The wall at $1200 is about 1000 BTC.

Huge walls like that tend to be manipulation in the direction of the wall.

So they want to lower the price. Must be the altcoin whales.

They want to place a mental barrier for people looking to buy and maybe scare some others into selling.

Walls are never resistance points, they're just fun to look at.

york780

sr. member

Activity: 392

Merit: 250

Quote from: Elwar on April 08, 2017, 02:58:12 AM

The wall at $1200 is about 1000 BTC.

Huge walls like that tend to be manipulation in the direction of the wall.

So they want to lower the price. Must be the altcoin whales.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The wall at $1200 is about 1000 BTC.

Huge walls like that tend to be manipulation in the direction of the wall.

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: Killerpotleaf on April 07, 2017, 11:24:02 PM

Quote from: gembitz on April 07, 2017, 10:37:04 PM

Quote from: gentlemand on April 07, 2017, 09:30:24 PM

https://www.reddit.com/r/BitcoinMarkets/comments/63zqms/ifinex_inc_bitfinex_et_al_v_wells_fargo_company/

More here about the Bitfinex law suit. It looks like Wells Fargo is fucking with them at an international clearing level which is rather more fundamental than just their own individual accounts.

Let's hope this gets resolved rapidly. I'm surprised it hasn't happened an awful lot earlier. They must groan every time they handle one of their wires.

^looks like TETHER(eth scam token) is getting scrutiny for circumvention of existing wire transfer laws! Shocked

*all eth tokens are scams it seems!~jmho

tether is an OMNI token aka Bitcon Blockchain asset isn't? ( yes bitcoin's blockchain has an asset layer, you didnt know? Cheesy

)

^lol MASTERCOIN! ~ even worse boneheads!! :-D

===>

"We recognize that our implementation isn’t perfectly decentralized since Tether Limited must act as a centralized custodian of reserve assets ..." yawnnn Cool

#gembitztokens ~ buy buy buy them! Wink

suzanne5223

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Activity: 2786

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Want top-notch marketing for your project, Hire me

Quote from: JayJuanGee on April 07, 2017, 09:16:14 PM

Quote from: JayJuanGee on April 07, 2017, 04:30:09 PM

Quote from: JimboToronto on April 07, 2017, 02:56:44 PM

Quote from: Ted E. Bare on April 07, 2017, 02:47:56 PM

Quote from: JimboToronto on April 07, 2017, 02:27:01 PM

Excuse me for interrupting with a wall observation but the 416 coin ask wall at Stamp caught my attention. Seems someone really wants to keep the price under $1200.

Eaten or pulled?

It is getting eaten now. Very exciting to watch.

The slightly lower one was pulled after being partially eaten.

The slightly higher one was partially eaten and the moved up a notch.

Entertaining indeed.

Pulled while typing.

Edit: Seems they were just intimidation walls and like most bullies, they were cowards.

Push back and they go running home crying to mommy.

Edit: Lawl. Back again, this time a pair of 300 coin walls. Roll Eyes

Walls just dancing in and out.

Yep...

There was another wall at $1196.77 - started out with 527 coins, and then 92 coins were eaten in a matter of minutes, which left 323 coins. Those coins were then pulled... and moved to $1,298.08.

I think that they are going to get eaten, within the coming hours... but really it is not easy to know how many coins each of these whales have and whether they are going to be able to hold off an upward breach of $1,200 - within the next several hours... I'm kind of thinking that the odds for breaking upwards is pretty decent....

Anyone differ?

Edit: now it looks like the 323 guy might have stacked his coins behind another 100 coins at $1198.13.

It is like he would prefer the coins of other people to get eaten first... hahahahahaha

It would be nice to see the totality of the 423 coins to be eaten all at once, so that the 323 guy does not have another chance to pull his coins... but that may just be wishful thinking on my behalf.

I'm quoting myself.. hahahahaha

O.k. at this time, there are about 1,000 coins on Stamp to get us to break $1,200 - Are we breaking $1,200 in the next 24 hours? or at least some time over the weekend? or by monday? I have some difficulty believing that prices would be able to bounce around in a $1,170 to $1,195 arena until monday..... so something has got to happen, before monday, no? One way or another.. which way? Up or down, right? Not sideways, right? Something tells me that if there are several tries, and not able to break upwards, then Cry

we be going dee udder direction.

Yes, we're breaking $1200 in the next 24hours and if we're unable to break the $1200 this weekend. We will break the price next week I'm so sure of it.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17458. (Read 26715520 times)