Wall Observer - MtGoxUSD wall movement tracker - page 1137.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Mike Jones on August 01, 2012, 03:44:14 PM

Quote from: Kupsi on August 01, 2012, 03:34:49 PM

Quote from: Mike Jones on August 01, 2012, 03:20:59 PM

How long did Bitcoin stick to a $1 price point?

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

It jumped up to $30 shortly afterwards? Really?

Atlas, we know its you, why are you playing dump? yes after 1$ their was alot of news about bitcoin and SR, everyone thought bitcoin was their ticket to millions of dollars ...

you know the story better then most.

Mike Jones

newbie

Activity: 14

Merit: 0

Quote from: Kupsi on August 01, 2012, 03:34:49 PM

Quote from: Mike Jones on August 01, 2012, 03:20:59 PM

How long did Bitcoin stick to a $1 price point?

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

It jumped up to $30 shortly afterwards? Really?

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: Mike Jones on August 01, 2012, 03:20:59 PM

How long did Bitcoin stick to a $1 price point?

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

It's funny to read the speculation forum after two weeks vacation. Proudhon has admited he's a bull and adamstgBit has turned into a bear

Mike Jones

newbie

Activity: 14

Merit: 0

How long did Bitcoin stick to a $1 price point?

cypherdoc

legendary

Activity: 1764

Merit: 1002

bye bye Adam Wink

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Kupsi on August 01, 2012, 11:48:10 AM

Quote from: ElectricMucus on July 15, 2012, 06:01:19 PM

Quote from: Kupsi on July 15, 2012, 05:59:14 PM

Quote from: humanitee on July 15, 2012, 05:38:28 PM

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false×pan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.

You still think it's topped out?

Nope

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: ElectricMucus on July 15, 2012, 06:01:19 PM

Quote from: Kupsi on July 15, 2012, 05:59:14 PM

Quote from: humanitee on July 15, 2012, 05:38:28 PM

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false×pan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.

You still think it's topped out?

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Spekulatius on August 01, 2012, 04:10:05 AM

Quote from: Yuhfhrh on August 01, 2012, 02:15:35 AM

Quote from: adamstgBit on August 01, 2012, 02:11:52 AM

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.

No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.

That's a small price to pay to sample supply and demand. You can then use this information to inform your trading.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

everybody else Tongue

zhalox

full member

Activity: 176

Merit: 106

XMR = BTC in 2010. Rise chikun.

Quote from: adamstgBit on July 31, 2012, 11:34:53 PM

The bears

The bulls

^^This^^ made my day hahaha Grin

So true...

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: Mushoz on August 01, 2012, 07:43:02 AM

Ehhhh, look at the volume on those "down" movements. Hardly any coins are being dumped, especially compared to the size of that wall. This isn't the same person.

~5k BTC at least has been sold over the past 9 hours, and I've witnessed at least 3 "mini-dumps" where the buy wall wasn't hit at all. I'm suspicious!

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Ehhhh, look at the volume on those "down" movements. Hardly any coins are being dumped, especially compared to the size of that wall. This isn't the same person.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: GoWest on August 01, 2012, 12:16:08 AM

Does 10,000 BTC for sale @9.5 on Bitcoinary.com count as a wall?

https://www.bitcoinary.com/en/trades/657

Maria is a troll.

She also makes claims of being a millionaire, having ties to The Underground™ and an algorithmic trading wizard.
Don't take anything for granted coming from this alias.

Yuhfhrh

full member

Activity: 238

Merit: 100

Not a single .001 went into the buy walls from these last 2 dumps, which is adding further to my belief the person with the wall is cashing out as much as he can at 9.40 and above.

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: Cablez on August 01, 2012, 06:43:54 AM

The whole incremental process seems very orchestrated to increase the price. Will there be a downside or will everyone just sheeple along?

People want to be sheeple, because everyone wants the price to go up. But then there will probably be a dump of "no return" where we will head back down to the 5-7s. Just my 2 satoshi.

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

The whole incremental process seems very orchestrated to increase the price. Will there be a downside or will everyone just sheeple along?

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: Spekulatius on August 01, 2012, 04:10:05 AM

Quote from: Yuhfhrh on August 01, 2012, 02:15:35 AM

Quote from: adamstgBit on August 01, 2012, 02:11:52 AM

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.

No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.

Since I have been watching at least, no bitcoins have been sold into the buy wall, but bitcoins have been bought through the sell wall. (A.K.A. someone bought 2000 btc at 9.30 or less, watches this fiasco, puts a buy wall up of 7k btc at 9.40 without buying any coins, puts a smaller sell wall of 2k at 9.40001, and people gobble up the sell wall looking at the larger buy wall)

Spekulatius

legendary

Activity: 1022

Merit: 1000

Quote from: Yuhfhrh on August 01, 2012, 02:15:35 AM

Quote from: adamstgBit on August 01, 2012, 02:11:52 AM

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.

No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: adamstgBit on August 01, 2012, 02:11:52 AM

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.

Edit: Your hope has been eaten alive, followed by more support.
Edit2: This is exciting! Only ~22.5k BTC on the orderbook until $10!

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1137. (Read 1811594 times)