Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33153. (Read 26465429 times)
June 02, 2013, 04:30:54 AM
well, you guys were asking for volume...
June 02, 2013, 04:29:48 AM
fuck off bitstamp move down!!!!
June 02, 2013, 04:29:19 AM
Pretty random 
June 02, 2013, 04:28:50 AM
Hmm I'm not so sure, the volume says othewise:
WTF?! I was checking clarkmoody and didn't see this
June 02, 2013, 04:28:04 AM
and i just woke up too
bitstamp lagging behind and i got all my fiat on there >>
bitstamp lagging behind and i got all my fiat on there >>
I was on the point to go to sleep. But there's no way I'm missing this!
Wallzilla is gone... what will happen?
June 02, 2013, 04:27:38 AM
Wow. The wall has been eaten
No... 1447 BTC sold (to $127), then the 8k wall vanished.
Hmm I'm not so sure, the volume says othewise:
June 02, 2013, 04:27:26 AM
Wow. The wall has been eaten
No... 1447 BTC sold (to $127), then the 8k wall vanished.
June 02, 2013, 04:27:07 AM
and i just woke up too
bitstamp lagging behind and i got all my fiat on there >>
bitstamp lagging behind and i got all my fiat on there >>
June 02, 2013, 04:27:00 AM
June 02, 2013, 04:26:54 AM
Wow. The wall has been eaten
No... 1447 BTC sold (to $127), then the 8k wall vanished.
and... $125 tested
June 02, 2013, 04:24:50 AM
Wow. The wall has been eaten
No... 1447 BTC sold (to $127), then the 8k wall vanished.
Edit: Well I was wrong it seems. Nom nom nom nom!
June 02, 2013, 04:24:15 AM
Wow. The wall has been eaten
June 02, 2013, 04:23:46 AM
The wall is gone?!?!
PANIC
PANIC
June 02, 2013, 02:02:38 AM
June 02, 2013, 01:57:58 AM
Someone is running a bot on BitStamp that buys exactly 1 BTC at the lowest ask price every minute. (If there is 1 BTC available, otherwise it buys whatever is there.)
Costs about $7700 to run that bot for an hour, let's see how much ammo it's got.
Costs about $7700 to run that bot for an hour, let's see how much ammo it's got.
That isn't a bot - that's Bitstamp creating fake trades to pump its volume numbers and feign liquidity.
That is a bot, who's goal is to raise the price on bitstamp, to at least match the price on Mt.Gox. If someone will sell you 1 BTC every minute, what incentive do you have to stoop down to the highest bid price?
If I had to do such manipulation I'd do with 0.01BTC not 1BTC.
To me it just looks like someone with enough cash and some scripting skills has decided to buy coins and wants to avoid slippage.
June 02, 2013, 01:11:27 AM
Yes, a lot of weird people are buying now. You didn't sell? I did, and I'm from Slovenia. I didn't know that even more screwed up countries exist. Where are you from (some part of Balkan I guess or America)?
bitcodo, Is there widespread recognition of Bitcoin in Slovenia? Are people considering it a safety net in case a Cyprus-like bail-in situation happens to Slovenian banks?
from what i read on european news i have the impression that people in slovenia will have more time to safe their money from bail-ins than in cyprus (which they made an example of and where the bail-in came really fast)
It looks like european commission is playing on time so we'll see if people there prefer other options over btc.
One thing to mention in this case is definitively that bitstamp bank is Unicredit banka Slovenija (slovenian branch from italian UniCredit).
(perhaps most of you know this - i didn't because I don't use bitstamp, just gox and some domestic ones)
that could get interesting in a possible bail-in situation
June 02, 2013, 01:02:45 AM
June 02, 2013, 12:41:06 AM
Volume isn't just lower compared to post-crash, but also before that:
That's probably because of the recent incidents with regulations. Many people are waiting until that is cleared up before they can confidently trade again on Gox. Until then the volume will stay extremely low, with short increases in volume during price changes.
Don't you mean short increases in volume during funding changes?
What are funding changes?
Re Frozenlock's comment
All this talk about low volume is a little parochial, the price has jumped an order of magnitude, so naturally new Bitcoin traders and speculaters, are trading within that new band. If you measure volume in USD, it is roughly trading an order of magnitude higher too, so volume isn't as big of a deterrent given all the profit taking (new Bitcoin registration number plates) I've seen.
June 02, 2013, 12:23:22 AM
not even one person wants a piece of that wall i think i sold too early.... oh well, i'm confident if i wait long enough i'll buy back lower...
fair price discovery is fair. BTC
adam says buy monday night, the latest! ; )
i think i sold too early.... oh well, i'm confident if i wait long enough i'll buy back lower...fair price discovery is fair. BTC
adam says buy monday night, the latest! ; )
I remember you falling into a similar situation when we crossed $15 I believe? Did you ever buy back?
Oh how hard it was for me, yes selling out at an average below $13 and now putting in my bids.
June 02, 2013, 12:09:01 AM
Everyone says bitcoin value is too volatile to be a stable currency.
The US dollar wishes it were as stable as bitcoin has been over the last few weeks.
The US dollar wishes it were as stable as bitcoin has been over the last few weeks.
relative to the canadian dollar the USD has been stable
that doesn't mean much does it
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