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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34105. (Read 26611082 times)

full member
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whale eater
This has been one wild week... I've been dealing with calls and emails nearly 24 hours a day. Managed to keep most of the panic sells between old and new clients and off the market.

So has the panic stopped?  Are we going to see more upwards activity again? Wink

Fundamentally nothing has changed, it is my opinion that the crash was caused by gox and those who sold into the lag, only to see their market orders execute much lower than expected. I currently have >$15M waiting to buy, however the vast majority will be off exchange. Many of these private trades are at individually negotiated prices, sometimes significantly different from market.
hero member
Activity: 868
Merit: 1002
hero member
Activity: 868
Merit: 1002
Bids are rising.


What site are you pulling this from, if you would be so kind?
hero member
Activity: 784
Merit: 506
why is this thread moderated?
sorry for all the confusion guys.
i will not be deleting any posts here
this is just the new thread because the old was was just too big.
hero member
Activity: 784
Merit: 506
So my question is how influential are Adam's wall threads on the market?  Was the settling of the brief uncertainty as to whether we were going to a new thread, to carrying on with the old or both the sign the market needed to have the confidence to start buying in earnest again?  Will Adam's decision to go with the new the sign the market needed to no longer worry about going below $50?

Thank you Adam for rescuing the Bitcoin market Grin

On an (almost) serious note, thanks for flipping over to a new thread and for opening it to off topic too Smiley  I hope the new influx of bitcaintalk members (and us lot who may sometimes be prone to just post anything) won't make it impractically unwieldy too quickly.
full member
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why is this thread moderated?

Adam, you might want to post a link to this thread into the old thread.
sr. member
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legendary
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legendary
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Merit: 1333


Also, could someone please tell me what the green line represents exactly?

The green line is weird on bitcoinium.  It seems to be the price rounded to the nearest whole dollar price.  See how it steps from one dollar to the next, never going part way between dollars?

Edit: you can see the effect even better here:



See how the line steps either side of the $67.5 gridline?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This has been one wild week... I've been dealing with calls and emails nearly 24 hours a day. Managed to keep most of the panic sells between old and new clients and off the market.

So has the panic stopped?  Are we going to see more upwards activity again? Wink

once its clear that it stopped going down.... ya! for sure.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
This has been one wild week... I've been dealing with calls and emails nearly 24 hours a day. Managed to keep most of the panic sells between old and new clients and off the market.

So has the panic stopped?  Are we going to see more upwards activity again? Wink
full member
Activity: 135
Merit: 113
whale eater
This has been one wild week... I've been dealing with calls and emails nearly 24 hours a day. Managed to keep most of the panic sells between old and new clients and off the market.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
legendary
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Merit: 1000
Had me scared for a few minutes there, I thought the party was coming to an end
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
sorry for all the confusion guys.
i will not be deleting any posts here
this is just the new thread because the old was was just too big.
hero member
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Merit: 1000
Web Developer
sr. member
Activity: 434
Merit: 250
It's easy. If you want to buy a million dollars worth of coins, you're probably pretty smart and know what you're doing. And if you know what you're doing, then you don't try to buy them by putting one order in the order book at one price thats been beaten through several times in the last 24 hours.

Sure, but if you have a wall of 1 million, then you must have the money back it up, no?
sr. member
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legendary
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Duelbits.com
3.5k wall on 75 eaten in seconds
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours.

So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.


'tis a valid point.


probably for this reason alone we will not go below $50 my hunch is


with image - 1.11M dollars.... now what i want to know is if this is someone very rich who put that money into the system, or someone who sold a lot of coins at $260ish and now has all that to play with on Gox...? thoughts?

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