Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31222.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

virtualfaqs

hero member

Activity: 700

Merit: 500

Quote from: macsga on December 13, 2013, 05:46:27 PM

Quote from: Syke on December 13, 2013, 05:44:43 PM

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

Because it's a win-win situation? (for him) Grin

Depends on the odds. But most likely rpietela can calculate them to his advantage. Too much math for me.

gandhibt

full member

Activity: 238

Merit: 100

china will go thru 5500 soon, they already punctured it and now they are oversold

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: JimboToronto on December 13, 2013, 05:45:25 PM

920 wall pulled on Gox. Hmmm.

to da moon

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Ask sum has been steadily increasing all day and is likely to continue doing so over the weekend. Lots of selling pressure building up...

TERA

hero member

Activity: 728

Merit: 500

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Syke on December 13, 2013, 05:44:43 PM

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

Because it's a win-win situation? (for him) Grin

JimboToronto

legendary

Activity: 4284

Merit: 5206

You're never too old to think young.

920 wall pulled on Gox. Hmmm.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

Quote from: rpietila on December 13, 2013, 05:41:03 PM

Quote from: adamstgBit on December 13, 2013, 04:24:43 PM

and i think that even if the market goes down, their wont be enough asks for you to effectively buy back the coins you sold.

this is pure speculation on my part.

Facts do not support your speculation. There have been 4 major high-volume crashes in the last month, the 5-minute volume in one exchange alone in the bottom of the crash is easily BTC2,000. Example chart&data.

I am prepared to trade the final capitulation in 4 exchanges, spreading the volume.

If I was an order of magnitude bigger, then I could not hide my buys in the orderbooks and it would be complicated. But then I would own an exchange and oh boy...

GAWD HEWLP US!!! Grin

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: tutkarz on December 13, 2013, 05:36:11 PM

I will tell you ultimate truth: anything can happen Tongue

I have a feeling staying over 900 all weekend is highly unlikely - am in more fiat than usual, I think we might see some cheap coins this weekend.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: adamstgBit on December 13, 2013, 04:24:43 PM

and i think that even if the market goes down, their wont be enough asks for you to effectively buy back the coins you sold.

this is pure speculation on my part.

Facts do not support your speculation. There have been 4 major high-volume crashes in the last month, the 5-minute volume in one exchange alone in the bottom of the crash is easily BTC2,000. Example chart&data.

I am prepared to trade the final capitulation in 4 exchanges, spreading the volume.

If I was an order of magnitude bigger, then I could not hide my buys in the orderbooks and it would be complicated. But then I would own an exchange and oh boy...

tutkarz

hero member

Activity: 546

Merit: 501

I will tell you ultimate truth: anything can happen Tongue

Richy_T

legendary

Activity: 2688

Merit: 2399

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Erdogan on December 13, 2013, 10:58:06 AM

Usenet is not going away.

I concur. It's not fully decentralized though.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Patel on December 13, 2013, 05:18:05 PM

I think the longer we keep going slightly downwards, the better. It insures we won't drop to 542 overnight again

Actually a slow slide downwards often turns into an avalanche at some point. People holding bitcoins hate seeing its value slowly sliding down and down and at some point the twig just breaks. So far not seeing that here because we're still sitting at the same price level where we were yesterday for a long time but if we slide below 840-850 on Gox (830 Bitstamp) a real sell-off is very easily triggered.

DaRude

legendary

Activity: 2938

Merit: 1951

In order to dump coins one must have coins

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

TERA

hero member

Activity: 728

Merit: 500

Many downtrends start slow and then arc down. Right now were still clinging on to a couple support levels on the chart.

ibrahim11

hero member

Activity: 777

Merit: 500

im hoping btc is gonna go to 500usd Cheesy

tarmi

legendary

Activity: 1232

Merit: 1011

rpietila smart.

not a poor farmer anymore.

good luck to you spending that fiat. you will be runned over, sooner or later.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: rpietila on December 13, 2013, 05:10:40 PM

Quote from: Nemo1024 on December 13, 2013, 05:07:34 PM

All sing: It's a kind of magic!

How to make a million dollars (from orderbook) go poof Wink

If you want to know what's the point in having walls on the opposite side of what you are doing, the benefit is twofold:

- The price can be pushed higher. It is only between 0.5%-1%, but it adds up when making a large trade.
- The volume can be induced. Bitstamp was dead before the walls, but then there came so many traders that I could sell BTC300 in 40 minutes with positive slippage (while trolling the forum ofc)!

In total I made about $3,000-$5,000 by not crashing the price to 850. In another kind of circumstances that would have been beneficial due to the panic effect but now it does not matter; bitcoin is overvalued and it will slowly come down in the timeframe of 1-3 months.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31222. (Read 26731007 times)