Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32869. (Read 26707506 times)
July 22, 2013, 06:01:17 PM
July 22, 2013, 05:48:42 PM
@all: How goo is the signal produced by one wall bought in this case? In other words: Would you buy/sell depending on the outcome of this stand off?
I would discount the event in which one wall would get pulled before substantially reduced by executed orders as a valid signal. So one wall HAS to be bought for this to have any meaning to me.
I would discount the event in which one wall would get pulled before substantially reduced by executed orders as a valid signal. So one wall HAS to be bought for this to have any meaning to me.
I'm not reading so much into it. I thought it's just the minimum sized no-slippage buy possible. Plus, if it gets sold into, another one can go up. Not a bad strategy to prevent from frightening sheep or bots
July 22, 2013, 05:40:52 PM
@all: How good is the signal produced by one wall bought in this case? In other words: Would you buy/sell depending on the outcome of this stand off?
I would discount the event in which one wall would get pulled before substantially reduced by executed orders as a valid signal. So one wall HAS to be bought for this to have any meaning to me.
I would discount the event in which one wall would get pulled before substantially reduced by executed orders as a valid signal. So one wall HAS to be bought for this to have any meaning to me.
July 22, 2013, 05:29:52 PM
It wouldnt suprise me if both walls would belong to the same owner 
July 22, 2013, 05:23:50 PM
I said half of it.
http://en.wikipedia.org/wiki/Gold
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
http://en.wikipedia.org/wiki/Gold
Quote
The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
I would say that ratio remained more or less constant over time. So it should be equal to market capitalisation.
Or are you including gold that hasn't even been mined yet?
I wasn't.
I have no data though, making my argumentation weaker. But most of the worlds gold lies in the form of bars in huge vaults doesn't it? Do you have any figures?
Well you said it.
There are various figures the problem is most of it is distorted depending on where you look. That is actually one of the few advantages Bitcoin has over Gold, you know how much there is of it.
To be honest I don't find this debate very fruitful, at least you give back respectful answers but I was kind of dragged into this and don't really care that much about gold.
My point concerned the similarity with bitcoin, or lack there of which I say is closer correlated with Rhodium, which you can see in another thread.
July 22, 2013, 05:16:53 PM
Maybe this is indeed a "Decision maker". In fact Mr. 91.6 USD Wall may want to provoke a clear decision where price wants to go. If it goes down, he sells, if it goes up, he buys?
July 22, 2013, 05:14:19 PM
I said half of it.
http://en.wikipedia.org/wiki/Gold
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
http://en.wikipedia.org/wiki/Gold
Quote
The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
I would say that ratio remained more or less constant over time. So it should be equal to market capitalisation.
Or are you including gold that hasn't even been mined yet?
I wasn't.
I have no data though, making my argumentation weaker. But most of the worlds gold lies in the form of bars in huge vaults doesn't it? Do you have any figures?
July 22, 2013, 05:12:16 PM
I said half of it.
http://en.wikipedia.org/wiki/Gold
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
http://en.wikipedia.org/wiki/Gold
Quote
The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
I would say that ratio remained more or less constant over time. So it should be equal to market capitalisation.
Or are you including gold that hasn't even been mined yet?
July 22, 2013, 05:04:44 PM
I said half of it.
http://en.wikipedia.org/wiki/Gold
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
http://en.wikipedia.org/wiki/Gold
Quote
The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
July 22, 2013, 05:04:18 PM
Oh please! 
July 22, 2013, 05:01:28 PM
July 22, 2013, 04:59:48 PM
July 22, 2013, 04:50:07 PM
July 22, 2013, 04:44:48 PM
The only question is if the buying whale will place another order at 91.6 (or close) after his current order gets exhausted.
For now his order is a great opportunity to dump your BTC if you feel bearish. After this, the price may slowly decline.
For now his order is a great opportunity to dump your BTC if you feel bearish. After this, the price may slowly decline.
July 22, 2013, 04:42:17 PM
July 22, 2013, 04:40:45 PM
"ssshhhh! Don't move!!!" *looks right and left*
"I think the walls are coming closer!"
July 22, 2013, 04:35:32 PM
July 22, 2013, 04:35:28 PM
Hoping for some fireworks tonight after a boring day.
July 22, 2013, 04:34:34 PM
This should be interesting...
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