920 wall pulled on Gox. Hmmm.
to da moon
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31223. (Read 26731159 times)
December 13, 2013, 05:49:38 PM
December 13, 2013, 05:47:18 PM
Ask sum has been steadily increasing all day and is likely to continue doing so over the weekend. Lots of selling pressure building up...
December 13, 2013, 05:47:06 PM
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'.
December 13, 2013, 05:46:27 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.
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?
December 13, 2013, 05:45:25 PM
920 wall pulled on Gox. Hmmm.
December 13, 2013, 05:44:43 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.
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?
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?
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!!!
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.
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!!!
December 13, 2013, 05:41:50 PM
I will tell you ultimate truth: anything can happen 
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.
December 13, 2013, 05:41:03 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.
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...
December 13, 2013, 05:36:11 PM
I will tell you ultimate truth: anything can happen
December 13, 2013, 05:33:46 PM
Usenet is not going away.
I concur. It's not fully decentralized though.
December 13, 2013, 05:32:35 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.
December 13, 2013, 05:32:32 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.
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?
December 13, 2013, 05:32:17 PM
Many downtrends start slow and then arc down. Right now were still clinging on to a couple support levels on the chart.
December 13, 2013, 05:29:51 PM
im hoping btc is gonna go to 500usd 
December 13, 2013, 05:29:31 PM
rpietila smart.
not a poor farmer anymore.
good luck to you spending that fiat. you will be runned over, sooner or later.
not a poor farmer anymore.
good luck to you spending that fiat. you will be runned over, sooner or later.
December 13, 2013, 05:26:07 PM
All sing: It's a kind of magic!
How to make a million dollars (from orderbook) go poof
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.
December 13, 2013, 05:25:04 PM
The way I see it, we go sideways for about 5 weeks.
December 13, 2013, 05:20:30 PM
I think the longer we keep going slightly downwards, the better. It insures we won't drop to 542 overnight again
That's only until someone forces a sell-off. Remains to be seen.... 
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
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