There sure is a lot of resistance at $9.
Gotta be resistance somewhere.
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1156. (Read 1811709 times)
Gotta be resistance somewhere.
44K staggered wall makes an appearance
There sure is a lot of resistance at $9.
aaah, another drop 
why the hell didn't we go to $10?!
why the hell didn't we go to $10?!
GUYS! It's already down to $8.95. This is obviously a sign of impending crash! /sarcasm
oh shit, $8.91. come on friggin orderbook execute my sell!! *trollface*
GUYS! It's already down to $8.95. This is obviously a sign of impending crash! /sarcasm
DING DING DING
9$
9$
and there we go, we got $9 without huge 50k bid walls or huge 40k BTC buys. This is the natural price.
DING DING DING
9$
9$
Proudhon is a longterm bull and a midterm bear.
the best kind
the best kind
There is no such thing as buying the whole market. Nobody has that much money because the price will just go up infinitely. I certainly wouldn't be selling all my coins no matter what the price is and I think that there would be others who would keep some as well.
Someone could induce market instability so that no one could actually use bitcoin for anything other than speculation.
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
100million, or 1 billion?
There is no such thing as buying the whole market. Nobody has that much money because the price will just go up infinitely. I certainly wouldn't be selling all my coins no matter what the price is and I think that there would be others who would keep some as well.
As bearish as I am and remain, I've still got a nice stash of bitcoins in offline storage that intend to keep forever, even though recent price movements have been tempting me to sell.
So your bear in your avatar is really a bull wearing a bear suit?
LAWL!
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
100million, or 1 billion?
There is no such thing as buying the whole market. Nobody has that much money because the price will just go up infinitely. I certainly wouldn't be selling all my coins no matter what the price is and I think that there would be others who would keep some as well.
As bearish as I am and remain, I've still got a nice stash of bitcoins in offline storage that intend to keep forever, even though recent price movements have been tempting me to sell.
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
100million, or 1 billion?
There is no such thing as buying the whole market. Nobody has that much money because the price will just go up infinitely. I certainly wouldn't be selling all my coins no matter what the price is and I think that there would be others who would keep some as well.
ya that's what i was fishing for
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
100million, or 1 billion?
There is no such thing as buying the whole market. Nobody has that much money because the price will just go up infinitely. I certainly wouldn't be selling all my coins no matter what the price is and I think that there would be others who would keep some as well.
It's silly that a few USD 100K can push the price of bitcoin around by 10+% or so on a single day. Just shows how small and undeveloped this market is.
Why is that "silly"?"A few USD 100k" is a lot of money in the bitcoin community, because unlike fiat, large quantities of bitcoin credit cannot be magicly created out of thin air. Thats what gives bitcoin value, and why your corrupt fiat money is worthless toilet paper.
+1
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
Thoughts:
What have we learned from this, and what does it mean for the price in months to come?
First of all, we don't need instability for many reasons. (one of my own reasons is that I am still in acquire mode)
Some large player comes in with massive walls to manipulate the price up for a better selling price, and he probably got it. Could he get away with that again? How soon?
Watching the price jump around last night, I felt like if nothing else some new resistance has been established at 9.x as there will be a lot of last night's buyers looking to get back out without a loss on the books. Maybe that's not a bad thing: 9 is the new 6?
Lastly, if there was a way to short BTC, it wouldn't be as easy to manipulate the market like this.
What have we learned from this, and what does it mean for the price in months to come?
First of all, we don't need instability for many reasons. (one of my own reasons is that I am still in acquire mode)
Some large player comes in with massive walls to manipulate the price up for a better selling price, and he probably got it. Could he get away with that again? How soon?
Watching the price jump around last night, I felt like if nothing else some new resistance has been established at 9.x as there will be a lot of last night's buyers looking to get back out without a loss on the books. Maybe that's not a bad thing: 9 is the new 6?
Lastly, if there was a way to short BTC, it wouldn't be as easy to manipulate the market like this.
It's silly that a few USD 100K can push the price of bitcoin around by 10+% or so on a single day. Just shows how small and undeveloped this market is.
Why is that "silly"?"A few USD 100k" is a lot of money in the bitcoin community, because unlike fiat, large quantities of bitcoin credit cannot be magicly created out of thin air. Thats what gives bitcoin value, and why your corrupt fiat money is worthless toilet paper.
well, that was an interesting day...
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