Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25230.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: Elwar on October 06, 2014, 02:56:23 AM

There's less than 30k bitcoins to $3000 on stamp.

Are you serious ? Cheesy

we never look at the ask side because always, and I mean always when the price go a bit up new asks shows up, simply because people are not comfortable leaving their coins on an exchange, they send them when they see a good opportunity to sell.

in the other side we look at bids because sending money to an exchange is not that fast.

micalith

hero member

Activity: 894

Merit: 501

This here makes sense to me:

Quote from: Asrael999 on October 06, 2014, 02:18:09 AM

more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp.
Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.

So sideways-ish for the next 2 months or so

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Elwar on October 06, 2014, 02:56:23 AM

There's less than 30k bitcoins to $3000 on stamp.

As always more will be added as we go up.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

There's less than 30k bitcoins to $3000 on stamp.

ShroomsKit

hero member

Activity: 672

Merit: 500

I didn't read the last 8 hours of posts.
He had a 30k wall before. Now the last thing i saw was a 15k wall being eaten. Did anything happen to that other 15k? Is it gone as well?

blatchcorn

sr. member

Activity: 952

Merit: 281

Studying the charts this morning:

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: ShroomsKit on October 06, 2014, 02:54:14 AM

I hope i'm wrong. But i rarely am. So i'm probably right. I wish i could be delusional like so many here.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: ShroomsKit on October 06, 2014, 02:50:59 AM

As pretty much always i was right.

LOL Mr Infallible.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Wolf Rainer on October 06, 2014, 02:51:29 AM

All green candles at Huobi Grin

Till the next dump. We'll soon be below 300 again i think. I hope i'm wrong. But i rarely am. So i'm probably right. I wish i could be delusional like so many here. It certainly would make life easier. Maybe i should pick up a religion.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ShroomsKit on October 06, 2014, 02:47:46 AM

So everyone got crazy at 300. 1000's of coins were panic bought and at 320 everyone is like meh, not gonna buy at these levels?

Not much money on the exchanges to buy much more.

They need a recharge.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

In the best case scenario, someone just took 9mil.$ out of bitcoins already thin market .. and people are celebrating Tongue

The most interesting question for me is, if another similar size wall will appear soon or not. I tend to guess that this wall was eaten by it's owner. Seems like the market doesn't consider 320$+ coins as very cheap at the moment. Not so long ago, people were talking about racing to get their fiat to the exchanges. Now it seems that they consider 325$ coins as too expensive.

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

I don't understand what this fuss is all about it's normal bitcoin trading sell low buy high. Grin

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

All green candles at Huobi Grin

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: ShroomsKit on October 05, 2014, 11:23:44 AM

Quote from: seleme on October 05, 2014, 11:20:53 AM

Quote from: Tzupy on October 05, 2014, 11:11:41 AM

I was expecting to see a 5k ask wall at this market stage, but this I couldn't imagine.
Maybe he knows something really bearish, otherwise it doesn't make sense to me. Huh

If he'd knew something very bearish he'd send those 30k to 5-6 different exchanges and slowly sell them.

He just wants to buy cheaper.

Or he is like fuck it, i'm going to be a multi millionaire anyway and i'm not gonna sit here watch the price drop even more while i'm setting up all this stuff.

As pretty much always i was right.
All these crazy theories while i explained he simply wanted to get rid of his coibs and didn't care about losing some money in the process.

ShroomsKit

hero member

Activity: 672

Merit: 500

So everyone got crazy at 300. 1000's of coins were panic bought and at 320 everyone is like meh, not gonna buy at these levels?

esse83

hero member

Activity: 545

Merit: 500

Sad to see bearwhale go, reminded me of earlier times Cry

Oh Mark I miss you!! Come back and wreak havoc on the markets like you used to! We don't mind if its all fake..

Back to a slow grind to double digits..zzz

mikeh2

newbie

Activity: 50

Merit: 0

bummer, couldn't find a way to buy from the whale and really don't want to leave fiat in an exchange.. tried circle but it's buggy and the limits too small anyway

Darkmatter12

full member

Activity: 155

Merit: 100

Quote from: mmitech on October 06, 2014, 02:42:18 AM

the easiest $400 I ever made.... now watching if price will continue the downtrend.

BTW: seems that people cancelled their bids and bought into that wall, because look how thin the bid side looks like now @ Bitstamp.

One dump and it will go back to $300, but I hope it doesn't go downwards of $300 again.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

the easiest $400 I ever made.... now watching if price will continue the downtrend.

BTW: seems that people cancelled their bids and bought into that wall, because look how thin the bid side looks like now @ Bitstamp.

Davyd05

hero member

Activity: 574

Merit: 500

But you said it was deadd.....

Lol

Back to Fridays price level.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25230. (Read 26608255 times)