Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29358.

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: surfer43 on February 23, 2014, 11:55:58 PM

Quote from: Holliday on February 23, 2014, 11:54:03 PM

Quote from: surfer43 on February 23, 2014, 11:51:45 PM

People should announce before they move the market more than 50% Roll Eyes

Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't?

I have BTC there. To fail at taking advantage of the volatility Cool

Really, more than 200% instant profits I can take.

Well I hope for your sake that you are someday able to claim any profits you've earned at Gox.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: ?? on ??

Quote from: spooderman on February 23, 2014, 11:53:04 PM

nice 2 watch a wall get eatn

And the fact its being left to get eaten suggests the seller is more interested in liquidating than manipulating, would you think?

Yeah, they are interested in not manipulating, especially when it is very soon after the buy order is placed. Selling when a wall is there does only fear while selling without a wall causes ⇩...

TheScientist

newbie

Activity: 14

Merit: 0

Quote from: ?? on ??

Quote from: spooderman on February 23, 2014, 11:53:04 PM

nice 2 watch a wall get eatn

And the fact its being left to get eaten suggests the seller is more interested in liquidating than manipulating, would you think?

+ 1 someone wants fiat. plain and simple.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?

Is that accurate, or is there some part I'm missing here?

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: octaft on February 23, 2014, 11:49:07 PM

Quote from: kkaspar on February 23, 2014, 11:46:50 PM

.. visible sell walls like that are bought back by the same people who post them. This is to stimulate demand and to demonstrate how high the buying pressure is.
You will buy into this wall, because it seems that everyone are buying into it and as soon as the wall breaks, it will go to da moon!
But really you are just helping one guy/group to get rid of his/its coins with a fixed price.
With an unregulated market system, it's not hard to be a 0% fee trader.

Then when he dumps the rest, he'll use the money you gave him to buy it all back lower, with a nice profit to go along with it.

This is routine method in the BTC-E/LTC market. Rarely see this with STAMP/BTC though. Means that someone is desperate

I think that's nice..

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: Holliday on February 23, 2014, 11:54:03 PM

Quote from: surfer43 on February 23, 2014, 11:51:45 PM

People should announce before they move the market more than 50% Roll Eyes

Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't?

I have BTC there. To fail at taking advantage of the volatility Cool

Really, more than 200% instant profits I can take.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: spooderman on February 23, 2014, 11:53:04 PM

nice 2 watch a wall get eatn

... 60 seconds after it happened... and only if its in your favour, otherwise you are panicked into hodling

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: JorgeStolfi on February 23, 2014, 11:49:34 PM

Today Sunday Feb/23, the BTC trade volume outside China (excluding MtGOX) was ~53 kBTC, practically the same as yesterday.

On the other hand, the trade volume in China was ~338 kBTC, 20% higher than yesterday's. OKCoin grew more than Huobi.

As a consequence, the Chinese shre of the total volume in all the exchanges (excluding MtGOX) was 86%, up from yesterday's 83%.

Bitstamp was still the leader outside China (~21 kBTC), followed by Bitfinex (~16) and BTC-e (~14)

Interesting. I still dont believe China volume can be fairly compared to "other" volume, though.

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: surfer43 on February 23, 2014, 11:51:45 PM

People should announce before they move the market more than 50% Roll Eyes

Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't?

spooderman

legendary

Activity: 1680

Merit: 1045

nice 2 watch a wall get eatn

iarsenaux

sr. member

Activity: 350

Merit: 250

all who sells below that wall will be shaken out of the train.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

People should announce before they move the market more than 50% Roll Eyes

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Today Sunday Feb/23, the BTC trade volume outside China (excluding MtGOX) was ~53 kBTC, practically the same as yesterday.

On the other hand, the trade volume in China was ~338 kBTC, 20% higher than yesterday's. OKCoin grew more than Huobi.

As a consequence, the Chinese shre of the total volume in all the exchanges (excluding MtGOX) was 86%, up from yesterday's 83%.

Bitstamp was still the leader outside China (~21 kBTC), followed by Bitfinex (~16) and BTC-e (~14)

octaft

sr. member

Activity: 476

Merit: 250

Quote from: kkaspar on February 23, 2014, 11:46:50 PM

.. visible sell walls like that are bought back by the same people who post them. This is to stimulate demand and to demonstrate how high the buying pressure is.
You will buy into this wall, because it seems that everyone are buying into it and as soon as the wall breaks, it will go to da moon!
But really you are just helping one guy/group to get rid of his/its coins with a fixed price.
With an unregulated market system, it's not hard to be a 0% fee trader.

Then when he dumps the rest, he'll use the money you gave him to buy it all back lower, with a nice profit to go along with it.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: KeyserSoze on February 23, 2014, 11:46:47 PM

Quote from: surfer43 on February 23, 2014, 11:43:55 PM

GOX: FIX UR LAG ALREADY

it appears all their issues will be remedied shortly

This lag actually helps. It makes people more rational, albeit out of fear.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

.. visible sell walls like that are bought back by the same people who post them. This is to stimulate demand and to demonstrate how high the buying pressure is.
You will buy into this wall, because it seems that everyone are buying into it and as soon as the wall breaks, it will go to da moon!
But really you are just helping one guy/group to get rid of his/its coins with a fixed price.
With an unregulated market system, it's not hard to be a 0% fee trader.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: surfer43 on February 23, 2014, 11:43:55 PM

GOX: FIX UR LAG ALREADY

it appears all their issues will be remedied shortly

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

holy f*** if you time the volatility right you get rich Shocked

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: kkaspar on February 23, 2014, 11:34:54 PM

Hmm, interesting at stamp with the 8k sell wall. Usually only altcoins get these outrageous visible sell/buy walls, that will magically get eaten in an hour with a volume that equals the entire previous week.

Don't be surprised if soon, it seems like everyone suddenly will start "buying" that wall, and then, after the wall has been "bought", no rise will come, only a slow downfall

wouldn't make much difference... bitcoin often trades well over 60K coins a day

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: surfer43 on February 23, 2014, 11:43:55 PM

GOX: FIX UR LAG ALREADY
I'm losing because I don't know where the market is Sad

now 230 and I didn't know Sad

lol gox fix something

good one

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29358. (Read 26619982 times)