Scaredy-cat walls.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33677. (Read 26496880 times)
May 07, 2013, 10:52:08 AM
Wow.
Scaredy-cat walls.
Scaredy-cat walls.
May 07, 2013, 10:51:58 AM
how ever ...
average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher
source: http://bitcoincharts.com/markets/mtgoxUSD.html
average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher
source: http://bitcoincharts.com/markets/mtgoxUSD.html
Good point
May 07, 2013, 10:51:16 AM
no more double digits? 
I won't say so, there is still a long day to go May 07, 2013, 10:50:07 AM
Thank you for all the coins. Rpietila has bought 2,500,000mBTC, left the trading desk, and will join the guests in his conference.
I love it when supernodes go 3rd person.
Back to the wall, that ask wall is pulling back slightly. He really doesn't want anyone eating it up.
May 07, 2013, 10:50:04 AM
May 07, 2013, 10:49:24 AM
Thank you for all the coins. Rpietila has bought 2,500,000mBTC, left the trading desk, and will join the guests in his conference.
Speaking of oneself in the third person is a bad sign indeed, my friend
May 07, 2013, 10:48:10 AM
no more double digits?
May 07, 2013, 10:47:03 AM
Thank you for all the coins. Rpietila has bought 2,500,000mBTC, left the trading desk, and will join the guests in his conference.
May 07, 2013, 10:45:52 AM
Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
IMO the whales are the market. What percentage of traded BTC do you think they own?
I agree.
If you take out market buys of 50k or more and market sells of 500 or more of BTC, the market is extremely stable. It's the big dumps/buys that move the market, then it just chills. Sadly there's money to be made pumping/dumping which is where almost all of the volatility comes from.
I'd say 80% of the BTC/USD on Gox is owned by 40 people.
May 07, 2013, 10:39:12 AM
This lag is so getting on my fucking nerves. Fix your shit Mt.Gox 
max 50 sec as far as i saw ... not to bad
Not too bad? It's completely unacceptable.
not in serious/professional markets, your are absolutely right
but hey, this is bitcoin!, this is MtGox!
what do you expect?
based on earlier experience every lag below 1 minute is a low lag
didn't you know before entering the market?
May 07, 2013, 10:38:48 AM
And down we go.
May 07, 2013, 10:36:42 AM
Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
IMO the whales are the market. What percentage of traded BTC do you think they own?
May 07, 2013, 10:34:11 AM
This lag is so getting on my fucking nerves. Fix your shit Mt.Gox
max 50 sec as far as i saw ... not to bad
Not too bad? It's completely unacceptable.
May 07, 2013, 10:34:00 AM
so go compare with daily volumes of the last 90 days and tell me something more about roofs again please ...
edit: added a "s" for plural of roof
edit: added a "s" for plural of roof
What you want 70k from the 266 drop? Obviously I am not predicting that kind of movement... At any rate we will see. I'll be happy to be wrong and I'll be happy to be right. I'm win-win at this point.
how ever ...
average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher
source: http://bitcoincharts.com/markets/mtgoxUSD.html
May 07, 2013, 10:33:55 AM
Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
May 07, 2013, 10:33:36 AM
You're going to see a run up to 110 in just a few minutes.
The problem is someone with 5-7k in coins is doing his best to prevent that. Fake or not, they work. Given the coin dumps, the aggressive bid walls, the market response was fairly bullish.
True and I'm still learning to read these charts. Was putting positive into the universe.
May 07, 2013, 10:33:20 AM
Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..Only till someone buys it up
May 07, 2013, 10:32:16 AM
Nice bear pennant!
May 07, 2013, 10:32:05 AM
Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..Only till someone buys it up
May 07, 2013, 10:31:43 AM
Jump to: