Clarkmoody lagged on me... was the wall bought, or removed?
Bought, bit by bit across a period of 60 seconds or so, which is puzzling.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33387. (Read 26497429 times)
May 27, 2013, 03:23:15 PM
Bought, bit by bit across a period of 60 seconds or so, which is puzzling.
May 27, 2013, 03:19:27 PM
Damn missed the cheap coins.. why does the fun always happen when I'm at work? 
If $124 is cheap for you, you'll have them all right.
It was at $120 on Bitstamp, but I had to sell some coins first to take advantage of the cheap coins so I missed the opportunity. Not going to sell now at $125, way too risky for me.
what do u mean "too risky", too small of a profit or less chance to buy back cheaper?
The risk that some big buyers arrive at the scene to take the price back up to $130+ before I can buy back cheaper.
May 27, 2013, 03:18:53 PM
i wonder if that wall was suppose to be eaten.. was it all part of the plan? we will never know..
or did the guy had some other trickery behind this move.. i cannot imagine this was not orchestrated with this amount of btc
it defininately wasn't cashing out.
he did not have the time to buy back cheaper..
maybe if he had 60% on bids.. sitting there and 40% (ask wall) it could make sense. but that means he is fucking rich ! :-).
or did the guy had some other trickery behind this move.. i cannot imagine this was not orchestrated with this amount of btc
it defininately wasn't cashing out.
he did not have the time to buy back cheaper..
maybe if he had 60% on bids.. sitting there and 40% (ask wall) it could make sense. but that means he is fucking rich ! :-).
Might have had some shorts elsewhere. Want to cashout? Use the power of leverage to maximize your gain.
But as you say, we'll never know.
May 27, 2013, 03:18:02 PM
It was bought in rapid, multiple chunks. Kind of looked like someone buying their own wall, mixed with a few panic buyers and bots. Either that, or there where a lot of buyers ready to buy.... if it was one buyer it would have made sense to just buy it all in one go.
Can somebody explain to me what the purpose of that would be?
The only thing I can think of is somebody trying to prop up mtgox volume relative to other exchanges, is that it?
May 27, 2013, 03:17:22 PM
Damn missed the cheap coins.. why does the fun always happen when I'm at work?
If $124 is cheap for you, you'll have them all right.
It was at $120 on Bitstamp, but I had to sell some coins first to take advantage of the cheap coins so I missed the opportunity. Not going to sell now at $125, way too risky for me.
what do u mean "too risky", too small of a profit or less chance to buy back cheaper?
May 27, 2013, 03:16:07 PM
I'm hoping this is just a shakeout to get the weak hands out and to accumulate some cheap BTCs.
I think most weak hands already left. Not too long ago a few 1k dumps would drop the price by 20 dollars easily.
Early today a 2.5k sell and the price didn't move. Then 1 hour ago a 3.5k sell and we dropped 3 dollars.
Well, that Fibonacci retracement chart with the nice support line...not sure how useful that support line is at this point.
Hehe
May 27, 2013, 03:15:31 PM
Damn missed the cheap coins.. why does the fun always happen when I'm at work?
If $124 is cheap for you, you'll have them all right.
It was at $120 on Bitstamp, but I had to sell some coins first to take advantage of the cheap coins so I missed the opportunity. Not going to sell now at $125, way too risky for me.
May 27, 2013, 03:14:05 PM
i wonder if that wall was suppose to be eaten.. was it all part of the plan? we will never know..
or did the guy had some other trickery behind this move.. i cannot imagine this was not orchestrated with this amount of btc
it defininately wasn't cashing out.
he did not have the time to buy back cheaper..
maybe if he had 60% on bids.. sitting there and 40% (ask wall) it could make sense. but that means he is fucking rich ! :-).
or did the guy had some other trickery behind this move.. i cannot imagine this was not orchestrated with this amount of btc
it defininately wasn't cashing out.
he did not have the time to buy back cheaper..
maybe if he had 60% on bids.. sitting there and 40% (ask wall) it could make sense. but that means he is fucking rich ! :-).
May 27, 2013, 03:13:22 PM
Clarkmoody lagged on me... was the wall bought, or removed?
Bought, bit by bit across a period of 60 seconds or so, which is puzzling.
The way the wall would be constantly brought down to kiss the best bid screams 'big scary wall of doom' manipulation attempt. At the same time as buys started coming in the seller had plenty of time to cancel the offer and keep his coins which suggests this may have been a genuine attempt to sell his coins. The other theory is the wall was self-bought bit by bit which is also silly because if this really were the bottom there'd be buyers one way or another, what's 7k coins worth at $126 when we were at $134 few hours ago.
But hey, let's hope the coins were an early adopters who wished to cash out and they're now distributed across multiple buyers.
May 27, 2013, 03:12:43 PM
I saw some massive buys around 125. I kinna wonder who is behind $500k buys. Hedge funds? Rich eccentrics?
The guy who sold 17k at $130 perhaps?
May 27, 2013, 03:12:27 PM
It was bought in rapid, multiple chunks. Kind of looked like someone buying their own wall, mixed with a few panic buyers and bots. Either that, or there where a lot of buyers ready to buy.... if it was one buyer it would have made sense to just buy it all in one go.
+1
May 27, 2013, 03:11:11 PM
Damn missed the cheap coins.. why does the fun always happen when I'm at work?
If $124 is cheap for you, you'll have them all right.
May 27, 2013, 03:10:53 PM
It was bought in rapid, multiple chunks. Kind of looked like someone buying their own wall, mixed with a few panic buyers and bots. Either that, or there where a lot of buyers ready to buy.... if it was one buyer it would have made sense to just buy it all in one go.
May 27, 2013, 03:09:43 PM
quite a risk to sell 127 -128 now ...
Yup, cleary. You won't get away with it anymore.
May 27, 2013, 03:09:15 PM
Damn missed the cheap coins.. why does the fun always happen when I'm at work?
May 27, 2013, 03:08:45 PM
I'm hoping this is just a shakeout to get the weak hands out and to accumulate some cheap BTCs.
I think most weak hands already left. Not too long ago a few 1k dumps would drop the price by 20 dollars easily.
Early today a 2.5k sell and the price didn't move. Then 1 hour ago a 3.5k sell and we dropped 3 dollars.
May 27, 2013, 03:08:34 PM
I read the other day that the stock exchange in London want to use lasers to speed up trading, maybe Mt Gox should follow suit and throw their 28k dial up modem out and get something better too.
28k is an upgrade for them
May 27, 2013, 03:08:11 PM
Clarkmoody lagged on me... was the wall bought, or removed?
Bought, all of it... Wow. So it was a real seller?! (Or he was just caught off guard?)
And also... that much less $ chasing coins...
May 27, 2013, 03:07:08 PM
I read the other day that the stock exchange in London want to use lasers to speed up trading, maybe Mt Gox should follow suit and throw their 28k dial up modem out and get something better too.
May 27, 2013, 03:06:56 PM
I think this is our launchpad.
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