Wall Observer - MtGoxUSD wall movement tracker - page 1166.

julz

legendary

Activity: 1092

Merit: 1001

Quote from: GeniuSxBoY on July 03, 2012, 09:48:57 AM

...
You know there are people that exist with millions of dollars and blow it like Kim Dotcom
You know there are people that exist like Kim Dotcom that have already bought into the game and looking to sell
...

Interestingly... A few hours ago, KimDotcom retweeted a comment to him by Falkvinge regarding Bitcoin:

Falkvinge:

Quote

@KimDotcom I'd love to see bitcoin take off - unseizable, transfers in a flash, almost untraceable, and would kill the legacy banking system

https://twitter.com/falkvinge/status/222760194176847872

cheat_2_win

full member

Activity: 215

Merit: 100

Quote from: Spekulatius on July 10, 2012, 02:59:13 PM

Actuall, this seems not no make sense acting so erratically,

BUT:
What we have seen here might have been a signal to all buyers out there: "I will sell, expect me!"

By the size of his wall, I hardly doubt it would have any strong effect. Especially among the recent buying pressure.

I seriously doubt he will sell. Once he sells, he will either have to buy back or will lose the the ability to scare in the future. And even if he sells, where will that take the price to? 6.75.

Only scenario I see him selling is if he has a lot more bitcoin than 30K that he showed.

BoardGameCoin

sr. member

Activity: 283

Merit: 250

Quote from: adamstgBit on July 10, 2012, 02:53:46 PM

The Rally is back on track! Cool

We should clarify that the 40K BTC wall was removed, not purchased through, so caveat emptor.

Spekulatius

legendary

Activity: 1022

Merit: 1000

Actuall, this seems not no make sense acting so erratically,

BUT:
What we have seen here might have been a signal to all buyers out there: "I will sell, expect me!"

By the size of his wall, I hardly doubt it would have any strong effect. Especially among the recent buying pressure.

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

The Rally is back on track! Cool

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Someone get a screen cap of it again..

This is hilarious

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

I'm certainly glad that someone put a stop to this. My new deposits are still on the way. I hope there is a flash crash just in time for my deposits.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: proudhon on July 10, 2012, 01:48:55 PM

Quote from: ineededausername on July 10, 2012, 01:44:22 PM

We broke $7.22...

Let's wait for the wall to go away and we can go to $7.50.

Good luck. I seriously doubt there's another guy out there willing to go through 30,000+BTCs. In all likelihood this marks the end of this rally and we can, hopefully, chill out for a few months. If all those asks are pulled and the market decides to go higher, it's just going to make the inevitable crash all the more spectacular. This guy (re: pirate) stepped in later than I would have liked, but in the long run, it's a good thing he stepped in to cool things off.

I'm pretty sure he stepped in quite a few times before this. What makes you think this time is different?
edit: Market overheating -> manipulator steps in with 30000 wall -> market calms down -> manipulator takes away wall -> market goes up again -> market overheating -> ...

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: ineededausername on July 10, 2012, 01:44:22 PM

We broke $7.22...

Let's wait for the wall to go away and we can go to $7.50.

Good luck. I seriously doubt there's another guy out there willing to go through 30,000+BTCs. In all likelihood this marks the end of this rally and we can, hopefully, chill out for a few months. If all those asks are pulled and the market decides to go higher, it's just going to make the inevitable crash all the more spectacular. This guy (re: pirate) stepped in later than I would have liked, but in the long run, it's a good thing he stepped in to cool things off.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

We broke $7.22...

Let's wait for the wall to go away and we can go to $7.50.

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Its about time!

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: Yuhfhrh on July 10, 2012, 01:31:10 PM

Quote from: Serge on July 10, 2012, 01:30:03 PM

back to $5 we go

Nah. Got to love it when someone dumps 10K BTC and the market just goes "meh" Cheesy

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: Serge on July 10, 2012, 01:30:03 PM

back to $5 we go

Serge

legendary

Activity: 1050

Merit: 1000

back to $5 we go

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: cloon on July 10, 2012, 10:36:11 AM

7.2 broken! Grin

The real high was $7.22... and we stopped at $7.21. Gonna need to wait a little more Wink

cloon

sr. member

Activity: 387

Merit: 250

7.2 broken! Grin

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: proudhon on July 10, 2012, 09:41:09 AM

Maybe. But I think that until adoption significantly increases, movements are going to trend down in intensity. I don't see indications that adoption is increasing that much. Of course, I might be on the verge of being proven wrong in a big way. It's not that I have any more info than most everyone else, I'm just a lot more cautious having gone through the last year.

I'm seeing some indications, eg a guy on SETI at home considering mining, Butterfly Labs products being beautiful and *gasp* legit, and YCombinator investing in coinbase. Another thing surprising, last week a merchant I know was contacted through his site by a local magazine and asked to do an interview.

There's no uptick on google trends yet, but if we get over $10 I bet we see one.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: bitcoinBull on July 10, 2012, 09:26:23 AM

Quote from: proudhon on July 10, 2012, 07:04:30 AM

Quote from: cypherdoc on July 09, 2012, 10:17:24 PM

Quote from: ineededausername on July 09, 2012, 10:15:52 PM

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way. Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went. This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

I agree. We should be hitting $10 soon Grin

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: bitcoinBull on July 10, 2012, 09:26:23 AM

Quote from: proudhon on July 10, 2012, 07:04:30 AM

Quote from: cypherdoc on July 09, 2012, 10:17:24 PM

Quote from: ineededausername on July 09, 2012, 10:15:52 PM

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way. Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went. This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

Maybe. But I think that until adoption significantly increases, movements are going to trend down in intensity. I don't see indications that adoption is increasing that much. Of course, I might be on the verge of being proven wrong in a big way. It's not that I have any more info than most everyone else, I'm just a lot more cautious having gone through the last year.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: proudhon on July 10, 2012, 07:04:30 AM

Quote from: cypherdoc on July 09, 2012, 10:17:24 PM

Quote from: ineededausername on July 09, 2012, 10:15:52 PM

Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way. Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went. This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1166. (Read 1811709 times)