Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27667.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: hdbuck on May 22, 2014, 07:30:26 AM

Quote from: Cassius on May 22, 2014, 07:27:00 AM

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/

darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.

Oda: various 'gateways', including Stamp and other exchanges. Don't know much about it myself.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: oda.krell on May 22, 2014, 07:15:42 AM

Jorge, it is so painfully obvious that you operate under some seriously constrictive, empirically unsustainable assumptions about markets in general and price discovery in particular that it'd be pointless to discuss this topic with you.

Well, please write for the other readers then. "Never underestimate the pleasure people feel when being told something that they already know." Cheesy

(That was Fermi's IIRC.)

Quote from: oda.krell on May 22, 2014, 07:15:42 AM

Convince yourself of the unlikeliness of (at least the strong forms of) the EMH, or worse, the RWH, and we talk Cheesy

I don't believe in the EMH (and can't even imagine how it could be applied to an insubstantial asset like bitcoin).

Also I do not believe that price is a random process (certainly not for large-scale motions like these). The large drops in the past, and most of the rallies, all had obvious external causes. The Brownian model (with variable variance) is merely the only "technical analysis" model (i.e. model that does not have external factors as inputs) that seems to be validated in practice. Which means that, indeed, I do not see any reason to believe in TA.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Cassius on May 22, 2014, 07:27:00 AM

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/

darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: Cassius on May 22, 2014, 07:27:00 AM

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

Serious question, sorry for the cluelessness... where do they even trade Ripple in quantity?

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: pandacoin on May 22, 2014, 07:07:52 AM

Every time price remaining over 500 is healthy for TA. I'm waiting 2 green candles more tonight.

currently it is still stuck between the 508 support line (it was a resistance line but it turned to support) and the 516 resistance line.

Cassius

legendary

Activity: 1764

Merit: 1031

In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?

elg

full member

Activity: 151

Merit: 104

And the buys, a few hours ago, how can they happen at all exchanges at once?

blatchcorn

sr. member

Activity: 952

Merit: 281

Rally is coming Cheesy

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: el_rlee on May 22, 2014, 06:20:54 AM

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

congratulations to such a smart move

Please explain.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: JorgeStolfi on May 22, 2014, 07:09:57 AM

In all the markets these spurts seem to come out of nowhere, as if one investor or a small group of investors suddenly decided to buy, not caring for slippage (or, on purpose, trying to lift the price). The rest of the market then just accepted the new price (except for the last spurt to 524 USD/3195 CNY, which was soon undone).

Reminds me of the Mar/03 jump, for which I still know of no explanation. That one apparently started with a couple of large buys on bitstamp.

On the other hand, in all markets that I can see these recent spurts are spread over 10-15 minutes, which suggests that they are not local, but are being carried over from some other market by arbitrage. But which is the "source" market then? On Coinbase the spurts seem to be "sharper" than the others, is that the source?

Jorge, it is so painfully obvious that you operate under some seriously constrictive, empirically unsustainable assumptions about markets in general and price discovery in particular that it'd be pointless to discuss this topic with you.

Convince yourself of the unlikeliness of (at least the strong forms of) the EMH, or worse, the RWH, and we talk :D

JorgeStolfi

hero member

Activity: 910

Merit: 1003

In all the markets these spurts seem to come out of nowhere, as if one investor or a small group of investors suddenly decided to buy, not caring for slippage (or, on purpose, trying to lift the price). The rest of the market then just accepted the new price (except for the last spurt to 524 USD/3195 CNY, which was soon undone).

Reminds me of the Mar/03 jump, for which I still know of no explanation. That one apparently started with a couple of large buys on bitstamp.

On the other hand, in all markets that I can see these recent spurts are spread over 10-15 minutes, which suggests that they are not local, but are being carried over from some other market by arbitrage. But which is the "source" market then? On Coinbase the spurts seem to be "sharper" than the others, is that the source?

pandacoin

legendary

Activity: 1554

Merit: 1000

Every time price remaining over 500 is healthy for TA. I'm waiting 2 green candles more tonight.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

vabtc

jr. member

Activity: 55

Merit: 4

Quote from: magicmexican on May 21, 2014, 05:54:57 AM

Quote from: flynn on May 21, 2014, 05:12:39 AM

there is clearly an urgent need for some dinosaurs

I just sat here laughing at this dino pic for literally 5 minutes. I should start working. Thank you magicmexican

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

congratulations to such a smart move

kurious

legendary

Activity: 2604

Merit: 1748

Oooh, just noticed Adam's new poll!

Hmmm... no option for 500-ish...? I will be cowardly and vote next week, I think. To early to say yet Wink

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: Miz4r on May 22, 2014, 06:16:57 AM

Quote from: dreamspark on May 22, 2014, 06:06:36 AM

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere Huh

Have you seen that wall moving around or has it just been there and someone got impatient?

Could also be arbitrage between Bitstamp and Huobi/BTC-e? Stamp is kinda running ahead of the pack right now.

Yes its a possibility, especially if it was a sell wall for a while, could have bought at either of those sent it there and then dumped down to break even price after worrying the price was going to continue to drop.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: dreamspark on May 22, 2014, 06:06:36 AM

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere Huh

Have you seen that wall moving around or has it just been there and someone got impatient?

Could also be arbitrage between Bitstamp and Huobi/BTC-e? Stamp is kinda running ahead of the pack right now.

hd060053

hero member

Activity: 601

Merit: 503

Quote from: dreamspark on May 22, 2014, 06:06:36 AM

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere Huh

Have you seen that wall moving around or has it just been there and someone got impatient?

wall didnt move around, the whale just got impatient. huobi witth strong ask side not really reacting.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: hd060053 on May 22, 2014, 06:05:44 AM

somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere Huh

Have you seen that wall moving around or has it just been there and someone got impatient?

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