Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33686. (Read 26462096 times)
April 24, 2013, 02:43:05 PM
any link for satoshi's address?
April 24, 2013, 02:42:03 PM
RPIETILA HERE IS YOUR CHANCE FFS!
I just got back, what's the price? Should I have bought back already or you want me to do it now?
April 24, 2013, 02:41:11 PM
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.
Talk of cashing out is, once again, just a failure of the imagination.
April 24, 2013, 02:36:53 PM
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD.
Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way.
And remember that nobody can wait forever to be filthy rich.
Hope it's just a nightmare tough
April 24, 2013, 02:34:59 PM
I think the point is that the order book is not written in stone. It is dynamic and changes according to circumstance.
Yes i understand this. And if satoshi began to sell large amounts I think there would be more bids put in as the price fell. And the reverse for the reverse scenario. Just thought it was fun to think about the walls out to $1000/btc.
April 24, 2013, 02:32:51 PM
I think the point is that the order book is not written in stone. It is dynamic and changes according to circumstance.
April 24, 2013, 02:31:47 PM
Satoshi is Sosa Kaiser deal with it.
April 24, 2013, 02:29:55 PM
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
April 24, 2013, 02:28:22 PM
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
April 24, 2013, 02:22:35 PM
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
April 24, 2013, 02:04:45 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.
I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.
April 24, 2013, 02:03:03 PM
The last two days looks extremely bullish, though.
(sorry. Couldn't resist)
April 24, 2013, 02:00:21 PM
So pretty. No one knows where to go or what to do.
April 24, 2013, 01:59:23 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
you didn't mind 2 minute frame 159 though
can go anyway as always though
I wasn't claiming bear traps or bull traps or dead cat bounces. I was simply noting the price in relation to the previous post.
April 24, 2013, 01:57:23 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.
I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.
April 24, 2013, 01:56:38 PM
The trend the last two hours look a bit bearish. The last two days looks extremely bullish, though. This current fall fra 168-153 is probably just a small correction with some people taking a profit from their buys between 50-100 where the volume was enormous.
April 24, 2013, 01:55:40 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.
April 24, 2013, 01:54:21 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
you didn't mind 2 minute frame 159 though
can go anyway as always though
April 24, 2013, 01:54:21 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
Normal profit taking from big players, small players should stay away from selling and keep holding. Selling in this market is plain foolish knowing that we are perfectly capable of reaching $250.
April 24, 2013, 01:53:02 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
all the bear encourage each other, sometimes they get overly excited...
then they go to bed and dream of 25cent bitcoin, and all the bears on the other side of the world behave exactly the same way.
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