Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29191. (Read 26732385 times)
March 03, 2014, 09:35:03 PM
Adam, what is the story behind your penguin avatar? Are you a linux user? If so, which distro?
March 03, 2014, 09:34:22 PM
That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...
Hidden orders are a thing.
March 03, 2014, 09:34:17 PM
That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...
Nothing to see here. Move along please.
March 03, 2014, 09:34:08 PM
There is some resistance at the $700 level on stamp. I am hoping we can break through that and sustain +$700 prices. That would be nice 
March 03, 2014, 09:33:52 PM
That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...
I think its bots filling freshly placed orders really fast.
March 03, 2014, 09:31:51 PM
That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...
March 03, 2014, 09:29:26 PM
Some numbers that may be interesting, collected over ~15 minutes short while ago:
Bitstamp Huobi
-------- --------
average transactions per minute 4.97 23.98
average transaction size (BTC): 4.19 6.26
average trade per minute (BTC): 20.91 150.38
Bitstamp Huobi
-------- --------
average transactions per minute 4.97 23.98
average transaction size (BTC): 4.19 6.26
average trade per minute (BTC): 20.91 150.38
March 03, 2014, 09:28:38 PM
192 btc buy order at $700....that was a nice little nudge in the right direction...today has been a very strong day...
March 03, 2014, 09:28:30 PM
Somebody just decided he needed to buy a lot. Like, just now this decision was reached.
March 03, 2014, 09:23:19 PM
Which retarded bear here is Nikolay Kolev? That fucker is on every Bitcoin blog on the internet talking down Bitcoin. It must be a group of people. No singular retard could cover that much ground and have that many horrible conversations by himself.
https://twitter.com/nikolay
Look at the long list of titles he gave himself, this guy needs some serious help.
March 03, 2014, 09:22:13 PM
This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense.
Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks?
I´m all in BTC, lets go down now like always :|
I'm about 95% in bitcoin... I had been hoping for another downswing... which does NOT seem too likely.. maybe we might get down as low as $650? Maybe? Seeming less and less likely, though.
I can say with almost certainty that we will see $650 again, as we are not even very far above that level now. I am bullish long term on bitcoin for sure, but we definitely have a lot of ups and downs still ahead of us. There will definitely still be some flash crashes in our future (even if they last only a few minutes/hours)....
We would see $650 if someone dumped off about 1500btc right now...
I was really hoping for $510 because last week I sold a small portion of BTC (2) at $525. We continued to drop to $530, but never got to a point that I could profit from that $525 sale.. I took my chance that we would possibly get another price drop, but it never came and NOW it is looking unlikely.
I bought 1 BTC back in at $635. NOW, the best (absent some flash crashes) that we can expect is lower $600s.... I would rather buy back in at a loss (maybe .6BTC), than to miss the trip to the moon... which is likely initially to the $750 to $850 range (in the next week or two), prior to departing to the $1,500 range (in the next 6 months).
March 03, 2014, 09:21:55 PM
So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?
I wouldn't stop there.. maybe the world realized that bitcoin is divine and the code was sent down directly by god. Now there will be a 120 year long age of peace and enlightenment, while the entire world is mining for the same amount of coins, that a small group of people mined in 5 years.
March 03, 2014, 09:20:11 PM
No idea. Perhaps someone out there does know something
https://twitter.com/niccary/status/440598582551674880
soo.. was today an..https://twitter.com/niccary/status/440598582551674880
...insider trading?!
Which retarded bear here is Nikolay Kolev? That fucker is on every Bitcoin blog on the internet talking down Bitcoin. It must be a group of people. No singular retard could cover that much ground and have that many horrible conversations by himself.
LOL, this guy?
www.linkedin.com/in/nikolay
He literally must have 40+ hrs/week to troll articles related to Bitcoin on the Internet. I wonder if his boss knows what he does 6 hrs/day at work...
March 03, 2014, 09:17:27 PM
Just a little more patience before the next leg up. 1, 2 or maybe 3 hours?
I think the whale waits for the bid sum to increase before attempting another pennant.
What do you mean attempting another pennant?
You messing with me? Nope, I don't understand why you say they will attempt another pennant, since a pennant is really just another name for a consolidating range triangle formation. Do you mean to say that the whales are waiting for bids to pile up so that they can dump and break-out of the current pennant that is forming?
That would make sense to me, pump the market to new heights, beef up the bid side, so they have buyers for their coin on the way down.
I don't think your definition of a pennant is accurate. The consolidation and triangle formation follow a breakout. http://www.investopedia.com/terms/p/pennant.asp
A successful pennant should attract new money. Makes sense to wait a bit, then re-pennant.
March 03, 2014, 09:16:32 PM
This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense.
Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks?
Exactly!
What was the max ask quantity seen on GOX? 35K, 40K, 50k? Certainly much less than 10% of what was held there. Better still, what was the max FIAT bid? $15M or so? So that's perhaps 25K coins to be rebought, assuming all the cash lost can easily be replaced and the holders would want to reinvest in BTC. More importantly most coins were mined, and mined coins aren't going to be replaced by buying.
There may be good reason for BTC to rise in value, but gox loss replacement isn't one of them. It's simplistic thinking.
March 03, 2014, 09:16:16 PM
So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?A new perfume perhaps?
March 03, 2014, 09:13:34 PM
This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense.
Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks?
I´m all in BTC, lets go down now like always :|
I'm about 95% in bitcoin... I had been hoping for another downswing... which does NOT seem too likely.. maybe we might get down as low as $650? Maybe? Seeming less and less likely, though.
I can say with almost certainty that we will see $650 again, as we are not even very far above that level now. I am bullish long term on bitcoin for sure, but we definitely have a lot of ups and downs still ahead of us. There will definitely still be some flash crashes in our future (even if they last only a few minutes/hours)....
We would see $650 if someone dumped off about 1500btc right now...
March 03, 2014, 09:08:03 PM
So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?
March 03, 2014, 09:03:06 PM
This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense.
Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks?
I´m all in BTC, lets go down now like always :|
I'm about 95% in bitcoin... I had been hoping for another downswing... which does NOT seem too likely.. maybe we might get down as low as $650? Maybe? Seeming less and less likely, though.
March 03, 2014, 08:59:06 PM
There are no "average actors", people do not act as a homogenous whole. It is not a case of "will people do X or Y" but how many will do each.
Average isn't a homogenous group, it's representative of the net effect of what all do.
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