Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29928.

adamstgBit

legendary

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Trusted Bitcoiner

fuck are we going to put in a new all time recent low?!

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

shmadz

legendary

Activity: 1512

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@theshmadz

whoever that is on stamp with the 730 wall should just let it drop.

let's get some momentum going already.

Sitarow

legendary

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Merit: 1047

billyjoeallen

legendary

Activity: 1106

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Hide your women

Quote from: JimboToronto on February 06, 2014, 09:44:52 PM

Wasn't that a great crash? Why, it surely marked the beginning of the end for Bitcoin as we know it.

Never before has anything crashed that far, that fast. It was dizzying, the intensity of the capitulation all the way down to the mid-700s.

Those people who sold in the 700s sure know how to work the market. Yep.

This is why I am bewildered by those who complain that so many coins are in the hands of too few. Quit selling them back so cheap and maybe we'd spread 'em around more.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: ?? on ??

The gox report showed the transactions which weren't processed before. But gox changed things so that this site isn't able to show anything... things are getting even more interesting.

http://thegoxreport.com/

Try this one

http://coinsight.org/mtgox.html

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

big sell offs going on at bitstamp right now. I just bought some more BTC, but I pulled the trigger too soon, and it is still dropping with more and more sell offs..

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

~~737!~~ 732 Shocked

this is the end of bitcoin, i can feel it! ' Cheesy

shmadz

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Activity: 1512

Merit: 1000

@theshmadz

Quote from: JorgeStolfi on February 06, 2014, 09:29:36 PM

Quote from: shmadz on February 06, 2014, 09:07:31 PM

heh, check virtex orderbook for the lulz

Buying BTC
Created    Amount    Price    Value
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.10002    42.46 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.00002    42.45 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    848.90002    42.45 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.80002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.70002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.60002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.50002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.40002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.30002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.20002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.10002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.00002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.90002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.80002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.70002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.60002    42.38 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.50002    42.38 CAD
Jan. 31, 2014, 8:38 a.m.    2.5726/2.5726    847.50000    2180.28 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.40002    42.37 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.30002    42.37 CAD

that my friends is the Canadian equivalent of Willy... hahahahaaa

This slicing of orders is common. Here is my understanding of why people do that:

If you post a single bid for 21 BTC @ 800, some other jerk may post his bid for 21 BTC @ 800.01, then you will not get anything until hs bid is filled.

If you spread your bid into 21 bids of 1 BTC @ 790, 791, 792, ..., 800, 801, ..., 809, 810, you will ultimately pay the same amount, but now the jerk cannot
get ahead of you by bidding just one penny more.

If he posts 21 @ 810.01 he will lose a lot of money, if he post 21 @ 800.01 you will gobble up 10 BTC before he gets anything,
if he splits his order too at 790.01, 791.01, etc. you both will get served together.

So, splitting seems to be a better strategy than lumping, very roughly speaking.

Does this make sense?

Thank you. That makes perfect sense.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: glendall on February 06, 2014, 09:32:46 PM

Quote from: JorgeStolfi on February 06, 2014, 09:29:36 PM

Quote from: shmadz on February 06, 2014, 09:07:31 PM

heh, check virtex orderbook for the lulz

Buying BTC
Created    Amount    Price    Value
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.10002    42.46 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.00002    42.45 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    848.90002    42.45 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.80002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.70002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.60002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.50002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.40002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.30002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.20002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.10002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.00002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.90002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.80002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.70002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.60002    42.38 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.50002    42.38 CAD
Jan. 31, 2014, 8:38 a.m.    2.5726/2.5726    847.50000    2180.28 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.40002    42.37 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.30002    42.37 CAD

that my friends is the Canadian equivalent of Willy... hahahahaaa

This slicing of orders is common. Here is my understanding of why people do that:

If you post a single bid for 21 BTC @ 800, some other jerk may post his bid for 21 BTC @ 800.01, then you will not get anything until hs bid is filled.

If you spread your bid into 21 bids of 1 BTC @ 790, 791, 792, ..., 800, 801, ..., 809, 810, you will ultimately pay the same amount, but now the jerk cannot
get ahead of you by bidding just one penny more.

If he posts 21 @ 810.01 he will lose a lot of money, if he post 21 @ 800.01 you will gobble up 10 BTC before he gets anything,
if he splits his order too at 790.01, 791.01, etc. you both will get served together.

So, splitting seems to be a better strategy than lumping, very roughly speaking.

Does this make sense?

Thanks. Yes it does make sense, and never thought of that before.

i place tiny orders like that too.

my idea is to provide support or resistance and when they fill i have plenty of ammo left to place more support or resistance.
you don't want to convince yourself that its going up or down and blow your load all at once only to see the market move 5% higher or lower, and feel sad for missing an opportunity
plus this way I get to place orders all day long, and thats tons of fun.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Wasn't that a great crash? Why, it surely marked the beginning of the end for Bitcoin as we know it.

Never before has anything crashed that far, that fast. It was dizzying, the intensity of the capitulation all the way down to the mid-700s.

Those people who sold in the 700s sure know how to work the market. Yep.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: windjc on February 06, 2014, 09:42:54 PM

So, I have been busy with several other things the last few days. Last time I checked Gox was having technical orders that was causing people to not be able to get out bitcoin.

But that doesn't explain why the market is crashing on Gox. I understand that sticky fiat meant inflated prices, but why the hell are people transferring back to fiat? Have fiat withdrawals opened up?

No.

If both fiat withdrawals and BTC withdrawals are blocked, there is no reason for Gox to be higher than the other exchanges. Both Gox fiat and Gox BTC are equally useless.

windjc

legendary

Activity: 2156

Merit: 1070

So, I have been busy with several other things the last few days. Last time I checked Gox was having technical orders that was causing people to not be able to get out bitcoin.

But that doesn't explain why the market is crashing on Gox. I understand that sticky fiat meant inflated prices, but why the hell are people transferring back to fiat? Have fiat withdrawals opened up?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Praeconium on February 06, 2014, 09:32:21 PM

i just have to say that I got failed transactions back from MtGox (since I was writing how I cant get it out, and they were stuck)

I got mine back, than tried to do it in 3 smaller ones and all went to Limbo City again Grin

spooderman

legendary

Activity: 1680

Merit: 1045

bears are so lame.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

Quote from: JorgeStolfi on February 06, 2014, 09:29:36 PM

Quote from: shmadz on February 06, 2014, 09:07:31 PM

heh, check virtex orderbook for the lulz

Buying BTC
Created    Amount    Price    Value
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.10002    42.46 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.00002    42.45 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    848.90002    42.45 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.80002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.70002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.60002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.50002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.40002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.30002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.20002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.10002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.00002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.90002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.80002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.70002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.60002    42.38 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.50002    42.38 CAD
Jan. 31, 2014, 8:38 a.m.    2.5726/2.5726    847.50000    2180.28 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.40002    42.37 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.30002    42.37 CAD

that my friends is the Canadian equivalent of Willy... hahahahaaa

This slicing of orders is common. Here is my understanding of why people do that:

If you post a single bid for 21 BTC @ 800, some other jerk may post his bid for 21 BTC @ 800.01, then you will not get anything until hs bid is filled.

If you spread your bid into 21 bids of 1 BTC @ 790, 791, 792, ..., 800, 801, ..., 809, 810, you will ultimately pay the same amount, but now the jerk cannot
get ahead of you by bidding just one penny more.

If he posts 21 @ 810.01 he will lose a lot of money, if he post 21 @ 800.01 you will gobble up 10 BTC before he gets anything,
if he splits his order too at 790.01, 791.01, etc. you both will get served together.

So, splitting seems to be a better strategy than lumping, very roughly speaking.

Does this make sense?

Thanks. Yes it does make sense, and never thought of that before.

Praeconium

member

Activity: 102

Merit: 10

i just have to say that I got failed transactions back from MtGox (since I was writing how I cant get it out, and they were stuck)

simonk83

hero member

Activity: 798

Merit: 1000

Cheap coins? I accept.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JorgeStolfi on February 06, 2014, 09:02:15 PM

Some of you may have noticed that Thursday Feb/06 was a bit busier than the last few days. Wink

Note that the total trade volume outside China surpassed that in China. When was the last time that happened?

Note also that MtGOX was again the busiest of the non-Chinese exchanges.

Yes, I'd like to thank all our Chinese friends for giving us our coins back. Grin

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: shmadz on February 06, 2014, 09:07:31 PM

heh, check virtex orderbook for the lulz

Buying BTC
Created    Amount    Price    Value
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.10002    42.46 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    849.00002    42.45 CAD
Feb. 6, 2014, 12:13 p.m.    0.0500/0.0500    848.90002    42.45 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.80002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.70002    42.44 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.60002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.50002    42.43 CAD
Feb. 6, 2014, 12:14 p.m.    0.0500/0.0500    848.40002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.30002    42.42 CAD
Feb. 6, 2014, 12:15 p.m.    0.0500/0.0500    848.20002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.10002    42.41 CAD
Feb. 6, 2014, 12:16 p.m.    0.0500/0.0500    848.00002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.90002    42.40 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.80002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.70002    42.39 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.60002    42.38 CAD
Feb. 6, 2014, 12:17 p.m.    0.0500/0.0500    847.50002    42.38 CAD
Jan. 31, 2014, 8:38 a.m.    2.5726/2.5726    847.50000    2180.28 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.40002    42.37 CAD
Feb. 6, 2014, 12:18 p.m.    0.0500/0.0500    847.30002    42.37 CAD

that my friends is the Canadian equivalent of Willy... hahahahaaa

This slicing of orders is common. Here is my understanding of why people do that:

If you post a single bid for 21 BTC @ 800, some other jerk may post his bid for 21 BTC @ 800.01, then you will not get anything until hs bid is filled.

If you spread your bid into 21 bids of 1 BTC @ 790, 791, 792, ..., 800, 801, ..., 809, 810, you will ultimately pay the same amount, but now the jerk cannot
get ahead of you by bidding just one penny more.

If he posts 21 @ 810.01 he will lose a lot of money, if he post 21 @ 800.01 you will gobble up 10 BTC before he gets anything,
if he splits his order too at 790.01, 791.01, etc. you both will get served together.

So, splitting seems to be a better strategy than lumping, very roughly speaking.

Does this make sense?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29928. (Read 26686469 times)