Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32947.

vokain

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Quote from: hlynur on July 12, 2013, 05:45:56 AM

Quote from: lucas.sev on July 12, 2013, 05:07:27 AM

Quote from: cosmicblue on July 12, 2013, 05:05:00 AM

Quote from: lucas.sev on July 12, 2013, 04:52:52 AM

Quote from: cosmicblue on July 12, 2013, 04:51:34 AM

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

You are so smart .. Tongue

That was a serious question, you posted a screenshot with no explaination, what were you trying to show?

i suppose he wanted to point out, that the three big buys happenend in nearly constant intervals?
you can watch that quite often (saw same thing last month, some whales seem to like regularity), it's nice to recognize but i wouldn't recommend solely relying on it.

according to whale's schedule next buy could come in about half an hour...or not...

whatever i don't buy that whole thing...whales drove us down and now they lift us up within 2 weeks...and they surely made good profit from it.
so why not drive us down at 105 to 110$ again?
you can just surf the waves or stand aside and enjoy the show while holding your stash.

When you own 200,000BTC, there are only a few things you can do to increase your percentage

hlynur

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Quote from: lucas.sev on July 12, 2013, 05:07:27 AM

Quote from: cosmicblue on July 12, 2013, 05:05:00 AM

Quote from: lucas.sev on July 12, 2013, 04:52:52 AM

Quote from: cosmicblue on July 12, 2013, 04:51:34 AM

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

You are so smart .. Tongue

That was a serious question, you posted a screenshot with no explaination, what were you trying to show?

i suppose he wanted to point out, that the three big buys happenend in nearly constant intervals?
you can watch that quite often (saw same thing last month, some whales seem to like regularity), it's nice to recognize but i wouldn't recommend solely relying on it.

according to whale's schedule next buy could come in about half an hour...or not...

whatever i don't buy that whole thing...whales drove us down and now they lift us up within 2 weeks...and they surely made good profit from it.
so why not drive us down at 105 to 110$ again?
you can just surf the waves or stand aside and enjoy the show while holding your stash.

vokain

legendary

Activity: 1834

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Quote from: cosmicblue on July 12, 2013, 05:39:39 AM

Quote from: Its About Sharing on July 12, 2013, 05:35:34 AM

I can't imagine early adopters trying to bring the price back down though and if they already didn't sell, why do so now?

Well, because as an early adopter I might hold 50,000 coins in my cold wallet and like to play rollercoaster with about 10,000 coins - play money.

farfetched, if they held it this long it is no longer play money my friend. this is very useful trading capital in a small market. Every move is going to be calculated to maximize the holder's advantage. i also imagine specialists are in this market by now, considering the Winklevosses' investment.

see: http://www.investopedia.com/university/electronictrading/trading2.asp

cosmicblue

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Quote from: Its About Sharing on July 12, 2013, 05:35:34 AM

I can't imagine early adopters trying to bring the price back down though and if they already didn't sell, why do so now?

Well, because as an early adopter I might hold 50,000 coins in my cold wallet and like to play rollercoaster with about 10,000 coins - play money.

reactor

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Quote from: lucas.sev on July 12, 2013, 05:21:47 AM

Quote from: Its About Sharing on July 12, 2013, 05:20:05 AM

Quote from: lucas.sev on July 12, 2013, 05:16:33 AM

Quote from: ?? on ??

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

But is it really a "rally" if driven by 1 or two buyers putting down $1,000,000 for each huge leg up?
Seems like we are just along for the ride, really.

That is why it makes me wonder so much.

Isn't that basically the BTC pricing model? He with lots of USD/BTC can push the market at will? Stability in BTC is an illusion, it means someone with lotsa cash/coin hasn't made a transaction in a while.

Its About Sharing

legendary

Activity: 1442

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Antifragile

Quote from: BitPirate on July 12, 2013, 05:21:20 AM

Is it really a crash if it is driven by a few big players dumping?

Anyway, the market is always the same -- in both directions -- the whales set the pace, and the fish try to profit.

I see your point but BTC is different (really, hear me out).

Most of the big holders mined their coins imo. The others bought in at really really low rates and are just holding lots that they paid next to nothing for.
On the flip side of things, someone buying $1,000,000 worth of coins is a really different case scenario than the dumping (though the values are comparable).

I can't imagine early adopters trying to bring the price back down though and if they already didn't sell, why do so now?

I'm mixed up, or is that down? Cheesy

Dalib

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In any event, the next few days will show us where we're going next

MoreFun

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WePower.red

Quote from: dexX7 on July 12, 2013, 04:34:26 AM

Quote from: MoreFun on July 12, 2013, 03:53:39 AM

Quote from: dexX7 on July 12, 2013, 03:47:58 AM

There is a little flaw in this statement. Right now there are bids for 32k BTC down till 70, but actually it's $ 2.64M and the amount of buyable Bitcoin will be less, if the buying price is higher. Those $ 2.64M could buy up coins till 109.77 at the moment.

1k up or down doesn't matter, the point is that matters. You shouldn't think like that... 50%+ of that money on lower bids surely won't buy at those or higher prices.

I'm not sure, if I understand, what you are saying. 100 to almost 110 or to 120 is a very significant difference and depending on range and walls, this difference could be even bigger:

There is $ 5.75M down till 50 or bids for 87.65k Bitcoin. And there are roughly 90k Bitcoin till 250, but for a total amount of around $ 12M. So could you buy all coins up to 250 with the bids down to 50? Of course not, those $ 5.75M only allow you to buy coins up to around 135.

True, I only argued that never happen that all bids would move higher - there would potentialy be new hidden money (not placed on bids till now).

lucas.sev

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Quote from: Its About Sharing on July 12, 2013, 05:20:05 AM

Quote from: lucas.sev on July 12, 2013, 05:16:33 AM

Quote from: ?? on ??

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

But is it really a "rally" if driven by 1 or two buyers putting down $1,000,000 for each huge leg up?
Seems like we are just along for the ride, really.

That is why it makes me wonder so much.

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Is it really a crash if it is driven by a few big players dumping?

Anyway, the market is always the same -- in both directions -- the whales set the pace, and the fish try to profit.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: lucas.sev on July 12, 2013, 05:16:33 AM

Quote from: ?? on ??

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

But is it really a "rally" if driven by 1 or two buyers putting down $1,000,000 for each huge leg up?
Seems like we are just along for the ride, really.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: lucas.sev on July 12, 2013, 05:16:33 AM

Quote from: ?? on ??

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

Why should it? Versus in 2011, we thought we were going to go down past $2 because we thought bitcoin was over, here in 2013 we passed the two year old ATH of $32, and we're staying above it at this point in time. we know full well now bitcoin is not over, when it is in fact is making huge leaps in the background.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: ?? on ??

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: vokain on July 12, 2013, 05:03:39 AM

Quote from: Its About Sharing on July 12, 2013, 04:54:17 AM

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price Grin

We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

http://i42.tinypic.com/2j2ymad.png

so why down, IAS?

As I posted yesterday (and a few others have mentioned), we have made lower highs and lower lows since April 24th or so. (Very clear in the chart)
If we break out above 110 or so then that trend is reversed. Also, we are still in the downward channel - I posted that chart yesterday.

But, this all means nothing if a buyer comes in with lots of money. Ahhhh the pain...

wonkytonky

sr. member

Activity: 411

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Quote from: Its About Sharing on July 12, 2013, 04:54:17 AM

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price Grin

We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

I agree .. if big buys happen.. this could be another up run
but it's friday.. some people switch to fiat on friday.. starting a selloff ..
one thing is sure.. this fast run up will have a correction at some point..

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: cosmicblue on July 12, 2013, 05:05:00 AM

Quote from: lucas.sev on July 12, 2013, 04:52:52 AM

Quote from: cosmicblue on July 12, 2013, 04:51:34 AM

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

You are so smart .. Tongue

That was a serious question, you posted a screenshot with no explaination, what were you trying to show?

cosmicblue

sr. member

Activity: 282

Merit: 250

Quote from: lucas.sev on July 12, 2013, 04:52:52 AM

Quote from: cosmicblue on July 12, 2013, 04:51:34 AM

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

You are so smart .. Tongue

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: Its About Sharing on July 12, 2013, 04:54:17 AM

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price Grin

We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.
Up or Down? I really say down, but can feel the psychological push up.

Yes, I can also see a lot of interesting that we are again just past the support line of lows and breakouts ...

It seems that if we keep above this line (around 97) go up above 120 at least, otherwise we are heading for $ 60

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Its About Sharing on July 12, 2013, 04:54:17 AM

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price Grin

We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

http://i42.tinypic.com/2j2ymad.png

so why down, IAS?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32947. (Read 26609713 times)