Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33929. (Read 26714742 times)
May 05, 2013, 02:50:29 PM
I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.
May 05, 2013, 02:48:15 PM
So, panic sell when the $110 disappears? 
Panic sell after he dumps 10k btc.
May 05, 2013, 02:47:45 PM
So, panic sell when the $110 disappears?
May 05, 2013, 02:38:24 PM
That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
We probably can't imagine some of who are involved in BTC. I think that is a fair statement.
For all we know a big buyer (VC) steps up, if that sell is removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.
If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.
For some reason, trading today and yesterday is like a movie...
For me it's clear than the large bid at $100 was just moved to $110.
I think nobody would put all his money on one spot unless he has peanuts - and $2M is no peanuts in the Bitcoin market. You would place bids all over a certain price range, otherwise you are just wittingly pushing the price up, destroying in fact the opportunity to buy below the spot price. It's pure logic: all the buyers will place bids above your wall to be able to buy something, all the sellers will slide their asks up... So, it's clear you are just driving the price up, which someone would normally do before a dump.
Just remember that $2M dollars is MORE than 10% of the TOTAL fiat in the Gox order book, that's a HUGE amount to put in a single spot, and its pointless unless you have no intention to buy and in fact your intention is to sell.
Good description, thx for that. What about on the sell side at $120 though?
May 05, 2013, 02:30:41 PM
That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
We probably can't imagine some of who are involved in BTC. I think that is a fair statement.
For all we know a big buyer (VC) steps up, if that sell is removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.
If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.
For some reason, trading today and yesterday is like a movie...
For me it's clear than the large bid at $100 was just moved to $110.
I think nobody would put all his money on one spot unless he has peanuts - and $2M is no peanuts in the Bitcoin market. You would place bids all over a certain price range, otherwise you are just wittingly pushing the price up, destroying in fact the opportunity to buy below the spot price. It's pure logic: all the buyers will place bids above your wall to be able to buy something, all the sellers will slide their asks up... So, it's clear you are just driving the price up, which someone would normally do before a dump.
Just remember that $2M dollars is MORE than 10% of the TOTAL fiat in the Gox order book, that's a HUGE amount to put in a single spot, and its pointless unless you have no intention to buy and in fact your intention is to sell.
May 05, 2013, 02:24:05 PM
The more volume we see around 120, the less we will ever again visit 100.
Unfortunately, I am short 2000 coins, and have no need for the dollars.
Unfortunately, I am short 2000 coins, and have no need for the dollars.
That's ironic, as I am short 2000 coins, and don't HAVE the dollars =/
I am aiming for them, slowly though. If only I'd stop buying in just as it drops.
May 05, 2013, 02:23:23 PM
That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
We probably can't imagine some of who are involved in BTC. I think that is a fair statement.
For all we know a big buyer (VC) steps up, if that sell isn't removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.
If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.
For some reason, trading today and yesterday is like a movie...
May 05, 2013, 02:13:30 PM
I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then! 
Don't think so. Anyhow, your prediction skills are state of the art, man.
Thanks. Wonder I have any bitcoins left...
I'll sell you some @ $300k/btc :-)
May 05, 2013, 02:08:33 PM
That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
May 05, 2013, 02:00:21 PM
I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.
i waited and am still waiting for 70, if we never get there, oh well.
Why on earth do you think we will go back to 70 any time soon?
I don't need soon.
By soon I mean 2015
Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.
I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs.
If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.
Well to be more clear I was looking for low 70's.
And yes, we might not ever get there again. But in 2 or 3 months? Maybe.
I saw the 32$ to 2$ That took months.
True, but this is truly something that cannot be compared to a traditions currency, stock, protocol, technology, etc.
However, I'm not saying you are wrong. Government intervention might take it down. It depends on the government. Imagine the US is against it but the rest of the world is for it...
On the other hand, the China thing has just started. It can shoot to $1000 and then come back down to $70. We shouldn't get attached here. We are really taking part in one of the
worlds biggest experiments. Since BTC is anti-fragile, I'd say the Universe is on our side.
Realistically, BTC is not about getting rich, it is about a new form of money. And, if it is successful, you will only need 1. Think about that...
IAS
I'm in a win win here,
btc goes down, i get more btc
btc goes up, i get Ferrari
man, i'm in that kind of situation too - everything that will happen is good not matter what. But honestly, I'd rather buy more cheap BTC than spend the money in silly things (no offense taken)
May 05, 2013, 02:00:01 PM
I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!
Don't think so. Anyhow, your prediction skills are state of the art, man.
Thanks. Wonder I have any bitcoins left...
May 05, 2013, 01:55:13 PM
I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!
Don't think so. Anyhow, your prediction skills are state of the art, man.
May 05, 2013, 01:54:56 PM
The more volume we see around 120, the less we will ever again visit 100.
Unfortunately, I am short 2000 coins, and have no need for the dollars. I have devised a rather fancy buyback procedure, but unless we quickly go sub-100, I will make a loss on this one.
Unfortunately, I am short 2000 coins, and have no need for the dollars. I have devised a rather fancy buyback procedure, but unless we quickly go sub-100, I will make a loss on this one.
May 05, 2013, 01:36:24 PM
Where can I see the sell orders?
http://bitcoin.clarkmoody.com/ has real time buy/sell orders listed, for up to 1000 lines.
The site does lag out sometimes though.
EDIT: Beaten to the punch.
May 05, 2013, 01:33:56 PM
I didn't see the sell orders, but yes it is to create lag. Where can I see the sell orders?
On bitcoin.clarkmoody.com. Screenshot.
Let's see, where we go. Chart from Bitstamp, but Gox is similar.
May 05, 2013, 01:26:19 PM
I didn't see the sell orders, but yes it is to create lag. Where can I see the sell orders?
May 05, 2013, 01:22:04 PM
Well, this is a first for me.
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
Yes
May 05, 2013, 01:21:45 PM
To avoid slippage, maybe?
Test the waters with small transactions and stop if the price moves too much.
Test the waters with small transactions and stop if the price moves too much.
May 05, 2013, 01:21:18 PM
- another altcoin could come along the way and steal bitcoin's thunder (bearish)
Do you know what it would take for that to happen?
May 05, 2013, 01:19:52 PM
Well, this is a first for me.
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
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