Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33442. (Read 26496772 times)
May 22, 2013, 10:45:18 AM
Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.
May 22, 2013, 10:34:07 AM
why would someone buy that much at 123...
May 22, 2013, 10:32:53 AM
yep, 660BTC just got bought. That probably wasn't the intent of whomever put that wall there... 
May 22, 2013, 10:30:21 AM
did someone just buy half that wall?
May 22, 2013, 10:20:18 AM
The real wall master is at BTC-E. 900BTC @~116.30
"Come on then, if you think your hard enough"!
"And where do you think you're going?"
May 22, 2013, 10:18:38 AM
The real wall master is at BTC-E. 900BTC @~116.30
"Come on then, if you think your hard enough"!
May 22, 2013, 10:03:27 AM
May 22, 2013, 09:53:18 AM
The real wall master is at BTC-E. 900BTC @~116.30
May 22, 2013, 09:30:31 AM
Probably someone who wants to drive the price down to be able to buy cheaper.
it appears to be well coordinated too: just now on bitstamp a 500BTC ask wall appeared at 118.35
I am curious how much movement this will generate...
I'll wager a prediction: if the price does move down, those two walls will follow.
Then again, I can't image how they expect to get much movement at current volume, with 2000BTC needed just to get below 122BTC on mt.gox.
it appears to be well coordinated too: just now on bitstamp a 500BTC ask wall appeared at 118.35
I am curious how much movement this will generate...
I'll wager a prediction: if the price does move down, those two walls will follow.
Then again, I can't image how they expect to get much movement at current volume, with 2000BTC needed just to get below 122BTC on mt.gox.
Hmmm...interesting. I see the one on Stamp and that's probably going to mess with my plans. At least we have something to look at, even if it turns out to be nothing.
May 22, 2013, 09:26:28 AM
No, it's just that some of us prefer more a considered use of words than just slapping them around. The pity is that you actually add quite constructively to the discussion now and then otherwise I'd just have you on ignore all the time but it's a high price to pay to read through this kind of stuff to get to the odd useful bit.
I wasn't at the convention and of course there were people there paying for their service to get noticed and bigging up their own products and services but from what I understand of the videos and write-ups I've seen it was very much about what is happening. So if someone says 'We added 1,900 in April' what do you want to 'see'? Their proof? If someone says 'We have partnered with x and are providing this service' do you actually need to try out the service for yourself before you believe they're doing it?
Look, you're really blowing this way out of proportion. The convention just ended. All I said was "I" wasn't putting much stock into it at this point. Me...not anyone else, I didn't try to lead people to think as I do, I simply said "I" and especially as it relates to the current price. Whether or not the convention was a success, is something I personally will determine over the next coming weeks. Again, "I" don't think it's going to have any immediate effect on the price or volume and to this point, it hasn't.
May 22, 2013, 09:16:20 AM
Probably someone who wants to drive the price down to be able to buy cheaper.
it appears to be well coordinated too: just now on bitstamp a 500BTC ask wall appeared at 118.35
I am curious how much movement this will generate...
I'll wager a prediction: if the price does move down, those two walls will follow.
Then again, I can't image how they expect to get much movement at current volume, with 2000BTC needed just to get below 122BTC on mt.gox.
it appears to be well coordinated too: just now on bitstamp a 500BTC ask wall appeared at 118.35
I am curious how much movement this will generate...
I'll wager a prediction: if the price does move down, those two walls will follow.
Then again, I can't image how they expect to get much movement at current volume, with 2000BTC needed just to get below 122BTC on mt.gox.
May 22, 2013, 09:16:00 AM
Paint drying tracker...
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.
That's the entire purpose of a conference, is to make people think "things are happening". I won't read much into it until I actually "see" things happening.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
Ahhh, there is the coinseeker we all know and...
Come on now, you are putting BTC and the a lot of the community behind it in a negative light with statements like the bolded above.
If you want to see what is actually happening just follow the bitcoinchannel.com - One of the more interesting bits of news from Bitpay was 6 days ago: "Back in March I noted that the company was putting up mind-boggling growth rate numbers. Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day. " http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets-bitcoin-bug
You guys are so sensitive, it's like talking with a bunch of girls who just finished watching "The Notebook". I've been in sales a long time and have been to countless conventions. They are just shows people. They don't mean anything. You look for what traction comes from those conventions, not the actual convention itself. It's a networking opportunity, display your products and you follow up on leads, from that convention/show. It means nothing, if nothing comes out of it...and that's why I said "see". Sheesh.
No, it's just that some of us prefer more a considered use of words than just slapping them around. The pity is that you actually add quite constructively to the discussion now and then otherwise I'd just have you on ignore all the time but it's a high price to pay to read through this kind of stuff to get to the odd useful bit.
I wasn't at the convention and of course there were people there paying for their service to get noticed and bigging up their own products and services but from what I understand of the videos and write-ups I've seen it was very much about what is happening. So if someone says 'We added 1,900 in April' what do you want to 'see'? Their proof? If someone says 'We have partnered with x and are providing this service' do you actually need to try out the service for yourself before you believe they're doing it?
May 22, 2013, 09:15:54 AM
Manipulation!!!!!
May 22, 2013, 09:14:20 AM
a 1000BTC ASK wall just appeared at 123 on mt.gox 
Someone really doesn't want this to go up do they?
ChartBuddy where are you when you are needed?
May 22, 2013, 09:11:00 AM
a 1000BTC ASK wall just appeared at 123 on mt.gox
Someone really doesn't want this to go up do they?
May 22, 2013, 09:08:35 AM
a 1000BTC ASK wall just appeared at 123 on mt.gox
If it does not get pulled it is enough to reverse our current slow upward creep...
If it does not get pulled it is enough to reverse our current slow upward creep...
May 22, 2013, 09:03:15 AM
May 22, 2013, 08:58:55 AM
Paint drying tracker...
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.
That's the entire purpose of a conference, is to make people think "things are happening". I won't read much into it until I actually "see" things happening.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
Ahhh, there is the coinseeker we all know and...
Come on now, you are putting BTC and the a lot of the community behind it in a negative light with statements like the bolded above.
If you want to see what is actually happening just follow the bitcoinchannel.com - One of the more interesting bits of news from Bitpay was 6 days ago: "Back in March I noted that the company was putting up mind-boggling growth rate numbers. Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day. " http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets-bitcoin-bug
You guys are so sensitive, it's like talking with a bunch of girls who just finished watching "The Notebook". I've been in sales a long time and have been to countless conventions. They are just shows people. They don't mean anything. You look for what traction comes from those conventions, not the actual convention itself. It's a networking opportunity, display your products and you follow up on leads, from that convention/show. It means nothing, if nothing comes out of it...and that's why I said "see". Sheesh.
May 22, 2013, 08:54:59 AM
That to me looks like more a cynical response than a sceptical one. Whether or not you believe there is reason to be hopeful for the future of Bitcoin there is plenty of evidence that some people do. In which case can you not see it would be a reasonable to expect such people to want to meet to talk about what's new and to be in the company of like-minded people?
I said nothing about what people "want" to do, I spoke on the purpose of conventions. To build hype and excitement. Doesn't mean there's anything truly "happening", then again dosen't mean there isn't either. Hence the reason I said when I "see" something happening.
Quote
And regarding your wanting to 'see' what's happening if the price is less of an indicator where are you expecting to be 'seeing' evidence that things are happening?
If price is an indicator of the convention, as you're alluding to, I'd say the convention was flat and low on volume.
Obviously you enjoyed the convention...that's great. Don't get snippy because I didn't break out the pom-pom's. 
May 22, 2013, 08:37:31 AM
Slowly breaking upwards? Super-low volume though.
If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.
If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.
As long as our volume is minimally what it has been lately, I don't see it a problem selling off 3600 coins a day (Plus, who says all those coins are sold off. I'd bet they are not). If there is any problem, it is liquidity in Bitcoins.
The price stability lately is actually quite telling...
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