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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33824. (Read 26499260 times)

Aseras

hero member

Activity: 658

Merit: 500

Quote from: Ivanhoe on May 01, 2013, 02:23:25 PM

The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.

I just dont see how they can lag. The volume of orders could be done faster if it were written by hand in a ledger by a single person who then copied it all online to a spreadsheet. Even then it wouldn't be lag.

underground_

full member

Activity: 123

Merit: 100

Quote from: fitty on May 01, 2013, 02:36:31 PM

Quote from: ScrapOfCat on May 01, 2013, 02:29:46 PM

If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)

Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down.

I don't care to speculate what they're there for, I only know that when they show up, the price goes down. A manipulated crash is still a crash.

fitty

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Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: ScrapOfCat on May 01, 2013, 02:29:46 PM

If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)

Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: fitty on May 01, 2013, 02:26:28 PM

Quote from: underground_ on May 01, 2013, 02:06:32 PM

Asks rising dramatically, bulls failing to get back past 120.

Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back.

Hush..

ScrapOfCat

full member

Activity: 197

Merit: 100

Quote from: fitty on May 01, 2013, 02:26:28 PM

Quote from: underground_ on May 01, 2013, 02:06:32 PM

Asks rising dramatically, bulls failing to get back past 120.

Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back.

If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: Ivanhoe on May 01, 2013, 02:23:25 PM

The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.

There's plenty of bid walls above 100. If anyone wants to sell, they can quite easily. Lag under a minute is pretty minor for MtGox.

Luis_GT

full member

Activity: 126

Merit: 100

Quote from: adamstgBit on May 01, 2013, 02:16:12 PM

Quote from: batcoin on May 01, 2013, 02:14:13 PM

Quote from: Luis_GT on May 01, 2013, 01:53:10 PM

I has buy order @ 109... come on 109!!!

Did you keep your buy listed? Did it get filled?

i'l bet he move it down Tongue

Tongue

It got partly filled... oh well... half and half ain't bad... gonna put the rest at a lower price though

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: underground_ on May 01, 2013, 02:06:32 PM

Asks rising dramatically, bulls failing to get back past 120.

Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back.

Frozenlock

sr. member

Activity: 434

Merit: 250

Who'se trying to catch a falling knife?

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: Ivanhoe on May 01, 2013, 02:23:25 PM

The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.

I haven't seen it over 2 minutes yet. I don't consider that serious lag compared to what it was before.

seleme

legendary

Legendary level

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: adamstgBit on May 01, 2013, 02:20:17 PM

Quote from: seleme on May 01, 2013, 02:17:40 PM

Quote from: rpietila on May 01, 2013, 02:08:12 PM

Quote from: seleme on May 01, 2013, 02:03:28 PM

Quote from: rpietila on May 01, 2013, 01:57:43 PM

This is a ~~sucker rally~~ dead cat bounce, we will not cross $125 before $100.

Might be, but nobody with half brain gives a shit about your predictions anyway.

To be honest, I am wondering why your ignore tag is not yet yellow considering your lack of content, and fixation on me.

Maybe because people don't like you and enjoy what I write to you.

Not that I would remotely care about a color of my ignore button though.

don't be hating in my thread.

sorry mate, I know I shouldn't, I'm just sick of his crap.

Ivanhoe

hero member

Activity: 841

Merit: 1000

The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.

adamstgBit

legendary

Legendary level

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: seleme on May 01, 2013, 02:17:40 PM

Quote from: rpietila on May 01, 2013, 02:08:12 PM

Quote from: seleme on May 01, 2013, 02:03:28 PM

Quote from: rpietila on May 01, 2013, 01:57:43 PM

This is a ~~sucker rally~~ dead cat bounce, we will not cross $125 before $100.

Might be, but nobody with half brain gives a shit about your predictions anyway.

To be honest, I am wondering why your ignore tag is not yet yellow considering your lack of content, and fixation on me.

Maybe because people don't like you and enjoy what I write to you.

Not that I would remotely care about a color of my ignore button though.

don't be hating in my thread.

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Around 10milions dolars are needed for drugs while silkroad is down so massive bitcoins selll off.

shad0wbitz

full member

Activity: 182

Merit: 100

Quote from: seleme on May 01, 2013, 02:17:40 PM

Quote from: rpietila on May 01, 2013, 02:08:12 PM

Quote from: seleme on May 01, 2013, 02:03:28 PM

Quote from: rpietila on May 01, 2013, 01:57:43 PM

This is a ~~sucker rally~~ dead cat bounce, we will not cross $125 before $100.

Might be, but nobody with half brain gives a shit about your predictions anyway.

To be honest, I am wondering why your ignore tag is not yet yellow considering your lack of content, and fixation on me.

Maybe because people don't like you and enjoy what I write to you.

Not that I would remotely care about a color of my ignore button though.

Ignoring people is uber-gay anyways. Something rpretard will be into!

humanitee

hero member

Activity: 1302

Merit: 502

Twelve million dollars coming in outside the order book.

Bulls are still around. Be careful bears.

seleme

legendary

Legendary level

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: rpietila on May 01, 2013, 02:08:12 PM

Quote from: seleme on May 01, 2013, 02:03:28 PM

Quote from: rpietila on May 01, 2013, 01:57:43 PM

This is a ~~sucker rally~~ dead cat bounce, we will not cross $125 before $100.

Might be, but nobody with half brain gives a shit about your predictions anyway.

To be honest, I am wondering why your ignore tag is not yet yellow considering your lack of content, and fixation on me.

Maybe because people don't like you and enjoy what I write to you.

Not that I would remotely care about a color of my ignore button though.

underground_

full member

Activity: 123

Merit: 100

Quote from: shad0wbitz on May 01, 2013, 02:16:33 PM

Quote from: adamstgBit on May 01, 2013, 02:12:22 PM

Roll Eyes

HAHAHA! BUY BUY BUY! Grin

Grin

Here we go to 87... hold on to your pantalones!

I'd say 87, but, since this is bitcoin after all, I'm going to say mid-seventies.

shad0wbitz

full member

Activity: 182

Merit: 100

Quote from: adamstgBit on May 01, 2013, 02:12:22 PM

Roll Eyes

HAHAHA! BUY BUY BUY! Grin

Grin

Here we go to 87... hold on to your pantalones!

adamstgBit

legendary

Legendary level

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: batcoin on May 01, 2013, 02:14:13 PM

Quote from: Luis_GT on May 01, 2013, 01:53:10 PM

I has buy order @ 109... come on 109!!!

Did you keep your buy listed? Did it get filled?

i'l bet he move it down Tongue

Tongue

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