Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33426. (Read 26686356 times)
June 06, 2013, 07:35:26 PM
June 06, 2013, 07:18:15 PM
June 06, 2013, 07:17:00 PM
June 06, 2013, 07:07:22 PM
Damnit, I stopped looking for 2 hours and I miss a move. 
Don't worry, that was just the trailer ... grab your popcorn
June 06, 2013, 07:03:34 PM
Damnit, I stopped looking for 2 hours and I miss a move.
June 06, 2013, 07:02:45 PM
June 06, 2013, 06:43:54 PM
Well that didn't last long.. bears retreated already?
In this market the bulls and bears are just watching from the side lines. It the whales that rule.
June 06, 2013, 06:40:42 PM
Well that didn't last long.. bears retreated already?
June 06, 2013, 06:39:03 PM
I saw at least 1894 BTC being bought in one go 
June 06, 2013, 06:37:40 PM
June 06, 2013, 06:36:40 PM
Eaten - I got a good piece of it myself
June 06, 2013, 06:36:06 PM
June 06, 2013, 06:34:53 PM
Wall gone, nom nom
June 06, 2013, 06:34:30 PM
why else would I buy something using bitcoin instead of dollars?
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Yeah that's the point upon which we agree, it's a thing that could boom. Thing that I can sell 100 of in 10 years and get myself maybe a nice flat? I want to believe in that becuse, hell, who does not want to be rich
But otherwise its only USE that does not involve unnecessary hassle is silkroad. For all other uses there are traditional methods.Sorry, I don't agree that just because it has massively increased in value in 2 years, you can call it a deflationary currency ... it's still a penny stock, not a currency
A penny stock that is exchanged for fiat on a few exchanges and accepted as payment for goods in some other places and also has some great embedded functionality
June 06, 2013, 06:34:26 PM
why else would I buy something using bitcoin instead of dollars?
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Yeah that's the point upon which we agree, it's a thing that could boom. Thing that I can sell 100 of in 10 years and get myself maybe a nice flat? I want to believe in that becuse, hell, who does not want to be rich
But otherwise its only USE that does not involve unnecessary hassle is silkroad. For all other uses there are traditional methods.I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.
June 06, 2013, 06:33:12 PM
why else would I buy something using bitcoin instead of dollars?
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Yeah that's the point upon which we agree, it's a thing that could boom. Thing that I can sell 100 of in 10 years and get myself maybe a nice flat? I want to believe in that becuse, hell, who does not want to be rich
But otherwise its only USE that does not involve unnecessary hassle is silkroad. For all other uses there are traditional methods.edit: and if you are using SR, it already does work for you, even though it doesn't satisfy all your needs yet.
June 06, 2013, 06:28:21 PM
why else would I buy something using bitcoin instead of dollars?
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Yeah that's the point upon which we agree, it's a thing that could boom. Thing that I can sell 100 of in 10 years and get myself maybe a nice flat? I want to believe in that becuse, hell, who does not want to be rich
But otherwise its only USE that does not involve unnecessary hassle is silkroad. For all other uses there are traditional methods. June 06, 2013, 06:27:16 PM
PRO TIP: Do not buy into the Sell Wall. It is designed to bleed money from the bots.
That's interesting information, how does that work?
The volatility bots assume that the price will hover around a certain running average. When they see it dip above or below they are programmed to buy/sell accordingly. If you want to unload a very large number of BTC the optimal strategy is to stabilize/inflate the price with a buy wall for a bit (artificially lowering volatility), wait for the sell orders to build up above you, then sell into them. This will cause some slippage, but by putting a sell wall midway through your big sell the volatility bots will trade into it (incorrectly thinking it's just a momentary fluctuation). That way you sell 20K BTC from, say 119 to 117, and another 5K at 118. ...this maximizes your selling revenues.
You mean for buy orders to build up above me?
Yes, sorry: buy orders. I always get confused between buying and selling...
I understand it as:
Lets say price is 120
1. I put a massive wall at 117
2. Other people think price wont dip because of 117 support, they put bids at 118 and 119.
3. I unload and lower the price to 117.
4. I put a wall at 118
5. Bots think that 118 is a great deal and bite into it
Exactly. Again, this is a Whale's strategy. His alternative is to sell lots in smaller batches - 100 at a time and let the bots keep the price stable, but eventually the bot owners realize they are losing money and the market becomes fatigued. This is exactly what's been going on over the last couple weeks. You see small 100/500 lot sells spaced out so as not to crash the market. ...but it's clear that someone(s) has LOTS of BTC to sell.
June 06, 2013, 06:26:21 PM
The Silk Road talk is so '2011ish. Came on. People sees that there's much more in BTC, besides of the fact that real economy is still reduced and that it's very speculation driven.
This baby needs to grow a little bit, but it's unstoppable.
The question is why the f--k would I want to internationally transfer my money to Japan, wait 4 days, pay transfer fees, buy one bitcoin and then buy a service I could pay for instantly with paypal? The only reason to go through hassle of getting bitcoin is using silkroad. Please tell me, why else would I want to use bitcoin to buy something over using credit card or paypal.
It is a serious question, I expect a thought out answer.
This applies to a lot of people, IMO, including me. There is absolutely zilch that I would use bitcoins for, since it is far more convenient (and safe, considering the short time bitcoin vendors have existed) to use fiat, with the exception of Silk Road. Re Silk Road, however, I can find better drugs for much cheaper, and fuck drugs in mail, so that's no go either. So I am here strictly for speculation. So I wonder..... what do we see among the speculator population if we see months of sideways trading, or a long slow downslide?
Silkroad is great for people that don't want anything to do with dealers, are looking for prescription medication and fuck, drugs in mail!
Jump to: