Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33175. (Read 26496995 times)
June 11, 2013, 11:52:28 PM
Mysterious walls at Cavirtex are now gone.
June 11, 2013, 11:00:30 PM
June 11, 2013, 10:57:23 PM
Just buy before the storm... we all know Bitcoin is only going up Up UP anyway 
June 11, 2013, 10:50:08 PM
Or the calm before the calm before the storm.
June 11, 2013, 10:48:15 PM
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It is pretty, symmetric even.Like the calm before the storm.
June 11, 2013, 10:00:24 PM
June 11, 2013, 09:00:50 PM
June 11, 2013, 08:41:21 PM
June 11, 2013, 08:33:45 PM
the spike made the crossover, the crossover did not make the spike.
Good point - really hard to tell without a higher resolution. So you think it was a single big buy?
Yup. You're going to need at least 2880×1800 resolution to see it clearly. Macbook Pro Retina is great for this kind of thing.
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June 11, 2013, 08:33:08 PM
I wonder when Loaded will come back to stop the downturn. Perhaps we need to say his name three times.
Loaded, Loaded, Loaded!
Loaded, Loaded, Loaded!
I'd rather think he'll take us to single digits, than buying more coins.
June 11, 2013, 08:31:03 PM
I wonder when Loaded will come back to stop the downturn. Perhaps we need to say his name three times.
Loaded, Loaded, Loaded!
Loaded, Loaded, Loaded!
June 11, 2013, 08:00:21 PM
June 11, 2013, 07:10:02 PM
But it was two buys (400+5000) which pushed us to 110. Not "people following goomboo"
EDIT: well well well
EDIT2: It looks like one sell is executed - like 700BTC, which causes -3USD slippage, and then soon after price is corrected to +3 via a 170BTC buy. Nice way of dumping coins.
EDIT: well well well
EDIT2: It looks like one sell is executed - like 700BTC, which causes -3USD slippage, and then soon after price is corrected to +3 via a 170BTC buy. Nice way of dumping coins.
June 11, 2013, 07:05:39 PM
Good point - really hard to tell without a higher resolution. So you think it was a single big buy?
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I was awake when it happened and described it in detail here:
https://bitcointalksearch.org/topic/what-is-the-logical-explaination-for-a-single-5k-buy-causing-10-dollar-slippage-231934
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I dunno - I'm going to stick with Occams Razor - the simplest explanation is often closest to the truth. The simplest explanation in this context is that enough people may be following Goomboo's 10/21 rule to move the market a bit.
[/quote]
I was awake when it happened and described it in detail here:
https://bitcointalksearch.org/topic/what-is-the-logical-explaination-for-a-single-5k-buy-causing-10-dollar-slippage-231934
[/quote]
I dunno - I'm going to stick with Occams Razor - the simplest explanation is often closest to the truth. The simplest explanation in this context is that enough people may be following Goomboo's 10/21 rule to move the market a bit.
June 11, 2013, 07:00:35 PM
June 11, 2013, 06:52:17 PM
A crash from $266 to 50 is nothing (1/5). A crash from $32 to $2 is nothing (1/16). That's volatility.
A 1/10,000 crash... Well, thats something. That's "a ponzi" that hugely rewards the first in and first out and leave holding the bag everyone else. But still, money it's not infinite even if it seems to be, the burning has to stop at some point... BTC market will always be manipulated as all the markets are, including and especially the commodities ones (prominently gold and silver), but the more BTC grows, the more expensive it becomes to effectively control it. So, this may be an obvious attack to BTC (manipulation), but an expensive one that has an uncertain outcome. I'm also convinced that BTC would survive.
A 1/10,000 crash... Well, thats something. That's "a ponzi" that hugely rewards the first in and first out and leave holding the bag everyone else. But still, money it's not infinite even if it seems to be, the burning has to stop at some point... BTC market will always be manipulated as all the markets are, including and especially the commodities ones (prominently gold and silver), but the more BTC grows, the more expensive it becomes to effectively control it. So, this may be an obvious attack to BTC (manipulation), but an expensive one that has an uncertain outcome. I'm also convinced that BTC would survive.
I assume crashing would mean dumping a lot of coins. So they'd buy all they can get, which drives the price higher and then they dump. But selling coins needs two parties - a seller and a buyer. The after-crash price is determined by demand. What I want to say: I don't think they could ever bring it down to 1/10000 or something, because people will buy in and I assume the ratio between high and low of the after crash (i.e. 1/5, 1/16 you mentioned above) will shrink proportional to the gain before the crash.
Nevertheless. Market manipulation and such would conflict with Bitcoin as stable currency, so their goal to undermine a Bitcoin mass adaption is met at first, but just imagine what could be done with the free money they gave away due to that process to those who want a new system.
I think using the media to create an negative image is a better attack vector, as this would decrese the demand of those who listen to it. Also regulation and attacking the interface between fiat and Bitcoin are to name. But the more they manipulate and restrict, the less people will be satisfied with their behavior..
All in all, I'd say Bitcoin will rise and prevail. And that's why we are here, right?*
*At least this is my opinion and perception.
June 11, 2013, 06:38:24 PM
This was the 10/21 crossover early on June 10 - I missed it because I was asleep but it seems to be holding
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Correct, little grasshopper
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Ah so, Mr Po. For now, I am cultivating patience.
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Correct, little grasshopper
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Ah so, Mr Po. For now, I am cultivating patience.
June 11, 2013, 06:34:41 PM
Quote
the spike made the crossover, the crossover did not make the spike.
Good point - really hard to tell without a higher resolution. So you think it was a single big buy?
I was awake when it happened and described it in detail here:
https://bitcointalksearch.org/topic/what-is-the-logical-explaination-for-a-single-5k-buy-causing-10-dollar-slippage-231934
June 11, 2013, 06:31:14 PM
the spike made the crossover, the crossover did not make the spike.
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Good point - really hard to tell without a higher resolution. So you think it was a single big buy?
[/quote]
Good point - really hard to tell without a higher resolution. So you think it was a single big buy?
June 11, 2013, 06:23:55 PM
Is this a Goomboo Bot Spike?
This was the 10/21 crossover early on June 10 - I missed it because I was asleep but it seems to be holding
This was the 10/21 crossover early on June 10 - I missed it because I was asleep but it seems to be holding
the spike made the crossover, the crossover did not make the spike.
Correct, little grasshopper
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