wall report:
mt.gox: 129.0$ getting eaten fast (400BTC so far)
bitstamp: 330BTC bid wall at 124.72$ just appeared. No interest in touching it, just buys eating away at the ask walls.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33423. (Read 26496943 times)
May 24, 2013, 07:49:39 AM
May 24, 2013, 07:48:05 AM
Buy and hold does seem like the best strategy right now.. until we get into a new volatile phase again. 
May 24, 2013, 07:46:11 AM
Why is volume on gox so low though? Last week we still had 100k+ volume
Some of the low volume has to be because although the price is climbing it isn't fluctuating much, this means that with Mt Gox's commission there's little to gain by daytrading at the moment.Edit: Daytrading is risky right now too because you could easily sell, then get left behind and have to buy back for more than you sold for.
May 24, 2013, 07:45:36 AM
Gotta love it...
Unfortunately, this video is not available in Germany because it may contain music for which GEMA has not granted the respective music rights.
May 24, 2013, 07:41:16 AM
Why is volume on gox so low though? Last week we still had 100k+ volume
May 24, 2013, 07:36:47 AM
bitstamp:
Sliding ask wall at 124.57$ broken through! (It started around 124.40$, ended at 124.57$, and varied in height but was up to 1000BTC tall, and if I count restockings, I'd guess between 1500BTC and 2000BTC overall.)
1200BTC to reach 126$, which means that the spread between bitstamp and mt.gox is growing again, bitcoins can't be bought up fast enough.
Sliding ask wall at 124.57$ broken through! (It started around 124.40$, ended at 124.57$, and varied in height but was up to 1000BTC tall, and if I count restockings, I'd guess between 1500BTC and 2000BTC overall.)
1200BTC to reach 126$, which means that the spread between bitstamp and mt.gox is growing again, bitcoins can't be bought up fast enough.
May 24, 2013, 07:30:35 AM
Has anyone else noticed that when there's memes or GIFs in this thread, that the their implied predictions more often than not tend to be dead wrong, or at least mildly wrong..?
I wonder if that's something to do with the emotional traders, who are not logical and robotic enough, that resort to unrelated past experiences to justify their beliefs. .
Alas, let's see what tomorrow holds!
I wonder if that's something to do with the emotional traders, who are not logical and robotic enough, that resort to unrelated past experiences to justify their beliefs. .
Alas, let's see what tomorrow holds!
I think they're just meant to be sarcastically ironic and funny, GIFs aren't that deep
Thank you. Someone needs a spliff...
May 24, 2013, 07:29:20 AM
There was just an interesting ask wall of 130BTC at 122.75 on bitstamp. It did not last long...
But interesting because it gave me the chance to rebuy the coins I foolishly sold at 123.0 yesterday. Still a small loss after fees, but almost nothing.
I am all in again
It was cool to eat that wall But interesting because it gave me the chance to rebuy the coins I foolishly sold at 123.0 yesterday. Still a small loss after fees, but almost nothing.
I am all in again
Actually it did last long for so good price - 1 minute. 
May 24, 2013, 07:12:12 AM
Bulls: We're hungry! NOMNOMNOM
May 24, 2013, 07:07:05 AM
Eat them up, yum yum.
May 24, 2013, 07:05:57 AM
It's Friday rally day again? 
May 24, 2013, 07:05:22 AM
Murica says: "Goodmorning bitcoin!"
May 24, 2013, 07:05:14 AM
May 24, 2013, 07:04:14 AM
99€ is a nice figure.
May 24, 2013, 07:03:04 AM
Have you bought your bitcoin yet as the choo choo leaves the station?
Get it now...
Get it now...
(man, we used to post this pic when we had a 30% increase in one day, but....)
May 24, 2013, 07:00:42 AM
I am seeing a very interesting technique being used on bitstamp right now:
Instead of placing a huge ask wall, someone is setting down ~40BTC orders spaced 0.01 apart. But only a few at once, and filling them up as they get eaten.
This means that the upward trend does not get broken, it just slows down to a crawl. And the person gets to sell all of his BTC at high prices, because the confidence of the buyers is unshaken.
Pretty slick operator, if you ask me...
Instead of placing a huge ask wall, someone is setting down ~40BTC orders spaced 0.01 apart. But only a few at once, and filling them up as they get eaten.
This means that the upward trend does not get broken, it just slows down to a crawl. And the person gets to sell all of his BTC at high prices, because the confidence of the buyers is unshaken.
Pretty slick operator, if you ask me...
You have to ask yourself why someone's so desperate to sell off a large amount of Bitcoin.
May 24, 2013, 06:59:26 AM
That spike was no doubt instigated by the transfer of most of my coins into cold storage.
Bitcoin's way of saying to me, "Oh so you don't want to trade eh?"
That wall at $130 is being eroded.
May 24, 2013, 06:58:50 AM
Have you bought your bitcoin yet as the choo choo leaves the station?
Get it now...
Get it now...
May 24, 2013, 06:58:22 AM
You have to ask yourself why someone's so desperate to sell off a large amount of Bitcoin.
Looking at the buy pressure on both bitstamp and mt.gox - not enough for me to follow his lead, not even short term.And yes, ask wall at 128.0$ on mt.gox just got eaten! (850BTC)
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