True, feels to me like calm before the bear attack, probably down atleast to 90 before the weekend. Sold @112
I smell the lack of confidence of bulls despite all the good news flowing around, I won't be surprised if that really happens. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33648. (Read 26496348 times)
May 08, 2013, 10:52:48 AM
May 08, 2013, 10:41:23 AM
If you look the howl stats now...
this price is a bad joke.. we will see us at 10$ again ^^
this price is a bad joke.. we will see us at 10$ again ^^
May 08, 2013, 10:41:10 AM
They're holding the price at 113, whilst bitstamp just saw a $2.5 drop. Coincidence?
I saw that drop, but there was almost no volumen (< 10 BTC) involved. It's more the fact that there isn't much money/coins +-2 around. That's were the price oscillates. But things like that can ignite a wildfire.
After bigger market moves where the gap between the walls is huge, people refer to this oscillation as ebb and flow, I think.
May 08, 2013, 10:27:33 AM
Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
Is it a signal among a team of traders? Does anyone do such a thing?
Noticed the exact same thing.
But don't project anything into this yet. People get bored, when nothing is happening.
Btw. would I be allowed to make a bot that posts bank holiday information here every 24 hours? Do I need permission from the Mod Team or someone else?
I can only speak for myself, but some kind of calendar with important events would be useful anyway.
Quote
In case you didn't saw.. Short clip with Bill Gates, Warren Buffett and Charlie Munger on Bitcoin. Nothing special, but I think it's quite positive to see Bitcoin become a regular topic to talk about in public television.
They're holding the price at 113, whilst bitstamp just saw a $2.5 drop. Coincidence?
May 08, 2013, 10:13:42 AM
The calm before the storm
May 08, 2013, 10:11:42 AM
Ok? What the hell? We go from Armageddon to watching grass grow. Sheesh! 
May 08, 2013, 10:07:48 AM
Well, the oscillations (gravy train) are essentially over on the mother-of-all-triangles. We are entering the pinch point. The next few days will be interesting.
In all metrics you could go either way:
In all metrics you could go either way:
Apologies for quoting a day old post on a topic that moves as fast as this, but I wanted to say thanks for a very interesting analysis. By all means, keep on posting
Thanks! I suppose the tl;dr; takeaway from my post is that trading this situation is just gambling. So instead use the little dips or rises to re-position yourself for moves in either direction.
Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
1337 refer to word "leet"Is it a signal among a team of traders? Does anyone do such a thing?
http://en.wikipedia.org/wiki/Leet
Maybe some gamer hooked his frag count to his trading bot?
May 08, 2013, 10:07:21 AM
May 08, 2013, 10:06:35 AM
Bulls' new tactic - bore the f*#$ out of the bears till they remove the ask walls?
May 08, 2013, 10:01:00 AM
Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
Is it a signal among a team of traders? Does anyone do such a thing?
Noticed the exact same thing.
But don't project anything into this yet. People get bored, when nothing is happening.
Btw. would I be allowed to make a bot that posts bank holiday information here every 24 hours? Do I need permission from the Mod Team or someone else?
I can only speak for myself, but some kind of calendar with important events would be useful anyway.
Quote
In case you didn't saw.. Short clip with Bill Gates, Warren Buffett and Charlie Munger on Bitcoin. Nothing special, but I think it's quite positive to see Bitcoin become a regular topic to talk about in public television.
May 08, 2013, 10:00:03 AM
Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
1337 refer to word "leet"Is it a signal among a team of traders? Does anyone do such a thing?
http://en.wikipedia.org/wiki/Leet
May 08, 2013, 09:58:16 AM
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
That would impossible to tell as we're not finished yet!
Wednesday trade for 2013: note that 9th Jan 2013 was VERY quiet, right before launching quietly into the dominant trend of the year so far!
Edit: 9th busiest Wednesday ever in USD volume and we have 9 hours to go.
Where did you get this data? Is it easy to access? Thanks for a reply.
May 08, 2013, 09:54:19 AM
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
That would impossible to tell as we're not finished yet!
Wednesday trade for 2013: note that 9th Jan 2013 was VERY quiet, right before launching quietly into the dominant trend of the year so far!
This was @ 10:30 it's now around 37,000.
Thanks for the data, very interesting indeed. So volume is not so low, we had slower Wednesdays not only in January... But also in February!
Memory is a bitch. I guess it's just me, anxiously waiting for the tipping point we should see soon enough.
May 08, 2013, 09:52:07 AM
Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
Is it a signal among a team of traders? Does anyone do such a thing?
May 08, 2013, 09:50:21 AM
History repeating itself?
If you mean "The price goes up and the price goes down", yes.
Lulz, this was my exact thought as well
May 08, 2013, 09:49:39 AM
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
That would impossible to tell as we're not finished yet!
Wednesday trade for 2013: note that 9th Jan 2013 was VERY quiet, right before launching quietly into the dominant trend of the year so far!
Edit: 9th busiest Wednesday ever in USD volume and we have 9 hours to go.
May 08, 2013, 09:48:31 AM
History repeating itself?
If you mean "The price goes up and the price goes down", yes.
May 08, 2013, 09:42:58 AM
May 08, 2013, 09:38:26 AM
History repeating itself?
May 08, 2013, 09:36:49 AM
I figure 194 bitcoins mined per hour at this rate. Interesting to compare that number with hourly trading volume - which was 1095 in the last complete hour at Mt. Gox.
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