Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29348. (Read 26630380 times)
February 24, 2014, 06:46:38 AM
They are. Just their orders are too small to see on the chart.
February 24, 2014, 06:46:18 AM
Why people isn't selling in front at this 6000btc wall? pls 
cause they are still hoping that some whale will remove it, or buy it.
but, if that wall stays there long enough, they eventually will.
people just love to panic sell. just be patient.
February 24, 2014, 06:45:40 AM
Someone just dumped all the way down to 0.19 on bitcoinbuilder
February 24, 2014, 06:45:05 AM
Why people isn't selling in front at this 6000btc wall? pls
February 24, 2014, 06:43:29 AM
Why people isn't selling in front at this 6000btc wall? 
pls
February 24, 2014, 06:37:08 AM
Why people isn't selling in front at this 6000btc wall?
February 24, 2014, 06:32:58 AM
http://www.reddit.com/r/Bitcoin/comments/1ysaz2/sarahcoinbit_from_mtgox_support_says_there_is_no/
I mean I don't know how much this will quell panic but it is but a glimmer of hope
I mean I don't know how much this will quell panic but it is but a glimmer of hope
Meh, an IRC message from a support agent. Not sure how much weight that carries. If I were running a company that faced similar issues, I'd be screaming from the rooftops that all funds are safe, because in a situation like this, that is exactly what customers want to hear. Unless of course, funds are not safe...
February 24, 2014, 06:26:12 AM
http://www.reddit.com/r/Bitcoin/comments/1ysaz2/sarahcoinbit_from_mtgox_support_says_there_is_no/
I mean I don't know how much this will quell panic but it is but a glimmer of hope
I mean I don't know how much this will quell panic but it is but a glimmer of hope
February 24, 2014, 06:22:06 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
I think it is a collection of the following facts:
1. exchange diversificatoin. Probably the biggest one. Gox used to be 80%+ of the market. Now it's 20% tops and its own kind of game. Stamp has nowhere near that kind of market share.
2. hodlers. Crashes are often thought of as the "shaking off of weak hands". Therefore it follows that stronger hands remain and stronger hands bury their coins in cold wallets and don't trade on impulse. Lot of coins are just not for sale, or are tied up somewhere like it Second Market BIT or the WinklEFT.
3. coins being worth more. I do think this is a factor.
4. because of recent events people might be more reluctant to have a lot of coins in exchanges. If I were inclined to trade I know I'd be. it doesn't take that long to transfer coins into an exchange, after all so the opportunity cost of missing the action while waiting for coins to be credited to your trading account might be outweighed by the perceived risk of having coins in an exchange.
February 24, 2014, 06:19:54 AM
Think about what that poster said. How much money would people be comfortable with to have sitting on an exchange? This amount doesn't change much over time and is actually valued in USD. So I think it's obvious that the BTC walls become smaller as its value in USD grows.
Maybe once we get better exchanges like something in forex or wall street, people will trust them with more money and the walls will increase. February 24, 2014, 06:17:51 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
It's simply because bitcoin worth a lot more now, so people are not taking the risk to put too many on an exchange. The value of the ask wall (in terms of USD) is not that low.
Think about what that poster said. How much money would people be comfortable with to have sitting on an exchange? This amount doesn't change much over time and is actually valued in USD. So I think it's obvious that the BTC walls become smaller as its value in USD grows.
February 24, 2014, 06:13:29 AM
So I slept 8 hrs. What happened to that 10K sell order on stamp? Looks like the bottom was only ~560.
February 24, 2014, 06:08:03 AM
Another 1k mini-wall infront of the big wall just added.
February 24, 2014, 05:47:21 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
coins are worth 10x what they used to be....
Right now 1k coin is considered a "wall" - albeit a small one - and rightfully so, as the value of the coins has skyrocketed.
You also seem to forget tht in 2011, 2012 and 2013 MtGox was THE exchange - Gox handled 90% of the market. Now Gox is 30/40% of the market at best, therefore to have a more accurate figure of the total coins on sale and compare it to the past you should add Bitstamp's and Gox's order books.
February 24, 2014, 05:47:04 AM
February 24, 2014, 05:43:22 AM
February 24, 2014, 05:43:01 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
It's simply because bitcoin worth a lot more now, so people are not taking the risk to put too many on an exchange. The value of the ask wall (in terms of USD) is not that low.
February 24, 2014, 05:38:49 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
It's simply because bitcoin worth a lot more now, so people are not taking the risk to put too many on an exchange. The value of the ask wall (in terms of USD) is not that low.
Go re-read his post about why he thinks the valuation doesn't factor in to this question.
However I agree the hodlers have bought eveything lool
February 24, 2014, 05:35:38 AM
I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
It's simply because bitcoin worth a lot more now, so people are not taking the risk to put too many on an exchange. The value of the ask wall (in terms of USD) is not that low.
February 24, 2014, 05:34:01 AM
If Mtgox close tomorrow morning and closes only can claim FIAT, a Japanese lawyer will be necessary?
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