Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1161. (Read 1811599 times)
oh yes I confused the two thanks.
I'm assuming you meant BitPay and not BitInstant.
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?
A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?
Not really, the thing is BTCinstant is refusing to play on the market, hoping to sell the BTC they got from processing BFL orders off the exchange. People buying BTC to pre-order BFLs stuff is what brought us here. (There was something about if they sell they would bring down the price to the 6s again.)
A bunch of hypocrites, stay away from this, the people who ought to order BFLs already did and BFL will need USD at some point... just wait.
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?
A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?
wall at 7.7 is dying 
8k left... I think we're finally going to hit $8.
8k left... I think we're finally going to hit $8.
The bitcoin Market
But this one explains it pretty good I think. Its so simple even a five year old could have drawn it, errrr,.. I mean understand it!
Can someone point me in the direction of an explanation of how this sort of a graph is read?
Thanks.
Thanks.
*smirk*, dont bother junior, thats just bullshit.
But IF you frenetically insist in getting the joke: Imagine on the x-axis the time and on the y-axis the exchange rate of USD for BTC. Now it becomes clearer. Adam projects here the "highly likely" price development of bitcoin over the next year, resulting in an abrupt surge to 100 USD/BTC. Do you get the joke?
I guess I posted my question at the wrong moment. I was not referring to the hand drawn stick graph, rather than one this entire thread seems to be concerning itself over.
i wonder if we'll see the weekend dip again this week. seems to have been skipped last week.
omg look at all these panik sellers^^
better than cinema
i'd be really careful with selling now
cause there are only 2 options:
1. few hours cool down of market, after continue rising
2. test ~7.2 than rise
for me this breakout of this years last high is enormous bullish and will eventually cause a hard rally
anyways great times ahead!!!!
better than cinema
i'd be really careful with selling now
cause there are only 2 options:
1. few hours cool down of market, after continue rising
2. test ~7.2 than rise
for me this breakout of this years last high is enormous bullish and will eventually cause a hard rally
anyways great times ahead!!!!
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40?
Supposedly, in his own words, he is using other people's BTCs instead of pocketing the entire lavish profits himself as a hedge against the exchange rate fluctuation for when he converts his BTC into fiat. Obviously if he is telling the truth then a huge rise in the exchange rate is the event he's hedging against and his clients should bare the losses.
Perhaps people should withdraw their BTC from Pirate's "program"?
Before its too late?
The whole point of borrowing BTC is to hedge against a fall not a rise in the BTC price. The "pet rock" scenario. The risk is that if the BTC price rises fast enough one can get caught in a short squeeze. Now if piratat40 is in fact in this situation and people start withdrawing from his program then this would force piratat40 to use his USD reserves to buy the BTC at market in order to meet redemptions further driving up the price. This is a classic short squeeze. Furthermore setting up an ask wall here can be very dangerous here if there is a buyer waiting in the wings that simply buys the ask wall at market. Now all of this assumes of course that pirateat40 is in fact caught in a short squeeze which may not be the case.
Right. His exposure to up moves is at most a couple hours. We just have to hope it wasn't that hour, but he does most of his trading during normal business hours so he should be okay.
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40?
Supposedly, in his own words, he is using other people's BTCs instead of pocketing the entire lavish profits himself as a hedge against the exchange rate fluctuation for when he converts his BTC into fiat. Obviously if he is telling the truth then a huge rise in the exchange rate is the event he's hedging against and his clients should bare the losses.
Perhaps people should withdraw their BTC from Pirate's "program"?
Before its too late?
The whole point of borrowing BTC is to hedge against a fall not a rise in the BTC price. The "pet rock" scenario. The risk is that if the BTC price rises fast enough one can get caught in a short squeeze. Now if piratat40 is in fact in this situation and people start withdrawing from his program then this would force piratat40 to use his USD reserves to buy the BTC at market in order to meet redemptions further driving up the price. This is a classic short squeeze. Furthermore setting up an ask wall here can be very dangerous here if there is a buyer waiting in the wings that simply buys the ask wall at market. Now all of this assumes of course that pirateat40 is in fact caught in a short squeeze which may not be the case.
Yeah, perhaps not. Just the pirate troll crowd seizing any opportunity to FUD, as usual. That's why hazek is on ignore 
Well, I'll find out the hard way. I have about 1.3K BTC tied up in Pirates Operations right now
Yeah, perhaps not. Just the pirate troll crowd seizing any opportunity to FUD, as usual. That's why hazek is on ignore
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40?
Supposedly, in his own words, he is using other people's BTCs instead of pocketing the entire lavish profits himself as a hedge against the exchange rate fluctuation for when he converts his BTC into fiat. Obviously if he is telling the truth then a huge rise in the exchange rate is the event he's hedging against and his clients should bare the losses.
Perhaps people should withdraw their BTC from Pirate's "program"?
Before its too late?
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40?
Supposedly, in his own words, he is using other people's BTCs instead of pocketing the entire lavish profits himself as a hedge against the exchange rate fluctuation for when he converts his BTC into fiat. Obviously if he is telling the truth then a huge rise in the exchange rate is the event he's hedging against and his clients should bare the losses.
Wow, that 40k wall is the largest single wall I've seen in a long time. Doesn't even look like there's much selling pressure up against it; it just drove the price up and everyone's happy with it now.
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40?
This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
I wonder how much more of this pirateat40 can take before going bust
Assuming of course pirateat40 is caught in a BTC short squeeze at 7% per week.
Well yea.. he said that that is what he does so unless he has some psychic abilities to predict exactly how the price will move to avoid a trap, he should be trapped right now.
I wonder how much more of this pirateat40 can take before going bust
Assuming of course pirateat40 is caught in a BTC short squeeze at 7% per week.
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