Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32673.

rampantparanoia

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Quote from: Walsoraj on September 11, 2013, 08:58:00 PM

Quote from: JimboToronto on September 11, 2013, 08:53:42 PM

Quote from: Walsoraj on September 11, 2013, 08:29:14 PM

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

Jerk.

yes. in the stock market.

Walsoraj

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Ultranode

Quote from: JimboToronto on September 11, 2013, 08:53:42 PM

Quote from: Walsoraj on September 11, 2013, 08:29:14 PM

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

Jerk.

JimboToronto

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You're never too old to think young.

Quote from: Walsoraj on September 11, 2013, 08:29:14 PM

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

JimboToronto

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You're never too old to think young.

Quote from: prophetx on September 11, 2013, 07:21:23 PM

seriously you guys think that a big time investor is gonna transfer boat loads of cash into MTGox ... all they have to do is contact asicminer or other asic outfits to get their hands on a ton of BTC.

The daily total of all block rewards is only 3600btc (approx, subject to adjustments).

Also, any such purchases wouldn't appear on MtGox totals. Some person or organization has indeed been spending millions of dollars a week through July and August purchasing bitcoins and protecting their investments with bidwalls on MtGox.

Walsoraj

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Ultranode

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

adamstgBit

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Trusted Bitcoiner

http://youtu.be/_FPGECVm2kI

prophetx

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he who has the gold makes the rules

seriously you guys think that a big time investor is gonna transfer boat loads of cash into MTGox ... all they have to do is contact asicminer or other asic outfits to get their hands on a ton of BTC.

hey i could be wrong but with about 30k btc left under $200... yea ride the wave but be careful...

adamstgBit

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derpinheimer

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Quote from: ag@th0s on September 11, 2013, 06:55:32 PM

I'm out at $126.76 on Bitstamp - can't see it going higher and I need to take profits as I'm down on trading over 6 months. Will sit down this weekend and work out whether I'd have been better off if I'd bought at held up to this trade, I suspect I would be

Sounds insane to me, bit good luck!

ag@th0s

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I'm out at $126.76 on Bitstamp - can't see it going higher and I need to take profits as I'm down on trading over 6 months. Will sit down this weekend and work out whether I'd have been better off if I'd bought at held up to this trade, I suspect I would be

ScrapOfCat

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OK, here's some real speculation: someone knows that bitcoins have to be much higher price for institutional investors to be interested in them, so they are driving the price through the roof, while simultaneously cleaning out the bears on the way up.

Then they will have a huge stash to sell to the banks when they're worth $5000.

/removes tin hat
/foil is worthless, pass it on.

JimboToronto

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You're never too old to think young.

Quote from: keewee on September 11, 2013, 05:18:24 PM

I wonder if these buy-ups lately are someone, or some group, stacking coins in preparation for an upcoming business venture? Perhaps a new financial service of some kind?

I've been saying that for weeks now.

Le Happy Merchant

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For a well rounded thread: my prediction for the near future is near-stability.

chriswilmer

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Quote from: Kupsi on September 11, 2013, 06:26:28 PM

Quote from: NewLiberty on September 11, 2013, 06:19:47 PM

Hitting a 6 month high might pull some coins out of a few pockets anyway.

I agree. But I don't think this bubble will pop before $500.

+1

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: NewLiberty on September 11, 2013, 06:19:47 PM

Hitting a 6 month high might pull some coins out of a few pockets anyway.

I agree. But I don't think this bubble will pop before $500.

NewLiberty

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Gresham's Lawyer

Hitting a 6 month high might pull some coins out of a few pockets anyway.

Walsoraj

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Ultranode

Quote from: Kupsi on September 11, 2013, 06:11:09 PM

Quote from: Walsoraj on September 11, 2013, 05:32:29 PM

Quote from: oroboras on September 11, 2013, 05:31:48 PM

Quote from: Walsoraj on September 11, 2013, 05:23:31 PM

Careful guys, ask sum is going to be under 40,000 soon. This is when those who are trying to call top get itchy fingers. Price can make leaps upward, but it will be very very hard to sell at top. Trust me. crash incoming

So, since I bought in at $143.39 - should I sell out again, and wait for the crash?

I'm saying it has potential to rocket up because of steep ask depth. But lots of others will try to call the top, bid depth won't be there...

The crash isn't coming because it's under 40k BTC for sale. That's when the fun start. The crash will come when the price has gone too high too fast. We're not there yet.

Yea that is kinda what i'm saying. When the ask sum gets sub-40k, buys tend to cause lots of slippage. This can result in rockets up. But also itchy seller fingers. The fall down will be even more dramatic.

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: Walsoraj on September 11, 2013, 05:32:29 PM

Quote from: oroboras on September 11, 2013, 05:31:48 PM

Quote from: Walsoraj on September 11, 2013, 05:23:31 PM

Careful guys, ask sum is going to be under 40,000 soon. This is when those who are trying to call top get itchy fingers. Price can make leaps upward, but it will be very very hard to sell at top. Trust me. crash incoming

So, since I bought in at $143.39 - should I sell out again, and wait for the crash?

I'm saying it has potential to rocket up because of steep ask depth. But lots of others will try to call the top, bid depth won't be there...

The crash isn't coming because it's under 40k BTC for sale. That's when the fun start. The crash will come when the price has gone too high too fast. We're not there yet.

gizmoh

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