Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34065.

Kazu

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Quote from: seleme on April 22, 2013, 10:11:11 PM

Quote from: ?? on ??

because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.

It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.

So, you think this is bearish? (Just asking, no ill will intended).

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Only 6k to $130 now...

In other news, the price in China is still depressed. All the arbitrage bots will be running backwards.

Arthur Randolph

newbie

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Two bluff 1KBTCish bid walls at 129$ got called. Organic bids not ramping up much. It seems like everyone is waiting for a big buyer to show up and do all the work.

seleme

legendary

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Duelbits.com

Quote from: ?? on ??

because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.

It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.

seleme

legendary

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Duelbits.com

each time it come closer to 130$ gox starts lagging

seleme

legendary

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Duelbits.com

Quote from: Kazu on April 22, 2013, 08:48:26 PM

Quote from: seleme on April 22, 2013, 08:42:09 PM

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

That's exactly what I was looking at, how many coins are needed for 130, not how exactly big is that wall itself.

Before that big sale it looked it's going to be eaten in hour or two but as much as that sell off didn't make too much influence on the price, it did slow the trend.

Quote

lol omg 15-20 minutes!! sell sell sell

Why all wannabebullandlookcool think they're funny with such comments.

Kazu

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Quote from: bitarrow on April 22, 2013, 08:51:55 PM

Quote from: Kazu on April 22, 2013, 08:48:26 PM

Quote from: seleme on April 22, 2013, 08:42:09 PM

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

yes this is the bears retreating Grin

Not necessarily, it does increase the "difficulty" of bypassing $130. A lot of speculators are liable to get "bored" and sell their coins if we stay at this level too long potentially causing a decline in the short term.

bitarrow

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Quote from: Kazu on April 22, 2013, 08:48:26 PM

Quote from: seleme on April 22, 2013, 08:42:09 PM

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

yes this is the bears retreating Grin

Kazu

full member

Activity: 168

Merit: 100

Quote from: seleme on April 22, 2013, 08:42:09 PM

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

seleme

legendary

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Duelbits.com

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

Kazu

full member

Activity: 168

Merit: 100

Quote from: ?? on ??

Quote from: tHash on April 22, 2013, 07:52:52 PM

Quote from: Kazu on April 22, 2013, 07:50:53 PM

Quote from: ?? on ??

Quote from: SlipperySlope on April 22, 2013, 07:45:58 PM

Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.

It could be a well-intentioned early adopter trying to cool things down.

Rather than pushing the price down which could trigger panic sell followed by panic buy and random ass shit and lag, it would have been much smarter (and much more profitable) to just put the goddamn order at $129.99 or something and keep the price, you know, stable???

Actually, a 5k wall would have possibly a more destabilizing effect . . . As you can see a few minutes later, there was virtually no effect.

Yes. Oftentimes, when it's apparent that we're heading up, large walls are eaten up in one single buy. This is usually followed by more panic buying.

What?
Imagine if an equally sized single 5k buy were put in now. It would have just as big of a destabilizing effect, if not much more, than if the 5k wall would have been up. The 5k wall would have added to the current 5k wall to form a 10k wall. If a 10k buy order was put in right now, it would still eat away that wall, and take us flying to $132 in one fell swoop causing another huge panic buy with no wall of any measurable amount until $140. With the 10k wall up, the price would have been much more stable and while the wall still would have been eaten, it wouldn't be such a huge gain in a matter of seconds so the panic buys would be reduced by a ton.

Market orders by definition ALWAYS reduce market stability while limit orders always increase it. Why? Because market = reducing market depth, while limit = increasing market depth. Market depth == good & stable.

tHash

sr. member

Activity: 260

Merit: 250

Quote from: Kazu on April 22, 2013, 07:50:53 PM

Quote from: ?? on ??

Quote from: SlipperySlope on April 22, 2013, 07:45:58 PM

Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.

It could be a well-intentioned early adopter trying to cool things down.

Rather than pushing the price down which could trigger panic sell followed by panic buy and random ass shit and lag, it would have been much smarter (and much more profitable) to just put the goddamn order at $129.99 or something and keep the price, you know, stable???

Actually, a 5k wall would have possibly a more destabilizing effect . . . As you can see a few minutes later, there was virtually no effect.

Kazu

full member

Activity: 168

Merit: 100

Quote from: seleme on April 22, 2013, 07:51:18 PM

he barely changed anything, same number of coins needed for 130 as before his dump.

What he changed was he put a few coins into my wallet Cheesy

seleme

legendary

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Duelbits.com

he barely changed anything, same number of coins needed for 130 as before his dump.

tHash

sr. member

Activity: 260

Merit: 250

I don't think it was someone wanting to push the price down. If they were, they would not have limited at $125, they would have just continued to sell down instead of leaving the last few hundred coins sit as a mini wall. I think someone wanted minimum $125 for their 5k coins, and saw an opportunity.

Kazu

full member

Activity: 168

Merit: 100

Quote from: ?? on ??

Quote from: SlipperySlope on April 22, 2013, 07:45:58 PM

Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.

It could be a well-intentioned early adopter trying to cool things down.

Rather than pushing the price down which could trigger panic sell followed by panic buy and random ass shit and lag, it would have been much smarter (and much more profitable) to just put the goddamn order at $129.99 or something and keep the price, you know, stable???

The-Real-Link

hero member

Activity: 533

Merit: 500

You're expecting rational action from traders... oh wait Wink

Yeah price has been quite calm as far as things in Bitcoin are concerned. Hopefully a rally this week again?

oakpacific

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Quote from: SlipperySlope on April 22, 2013, 07:45:58 PM

Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.

The slippage is not that great, consider what we had been having.

seleme

legendary

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Duelbits.com

Quote from: NamelessOne on April 22, 2013, 07:42:37 PM

Quote from: SAQ on April 22, 2013, 07:41:04 PM

wtf just happened?!

From 129 to 125 in 10 seconds

Some panicing fool wants to be the first one to sell and hopefully incite mass panic. I hope they fail miserably and lose coins..

must feel good to sell 4500 coins at 128 though

)

SlipperySlope

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Stephen Reed

Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.

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