Wall Observer - MtGoxUSD wall movement tracker - page 1174.

Philj

sr. member

Activity: 388

Merit: 250

Quote from: pirateat40 on July 03, 2012, 09:34:38 AM

Quote from: proudhon on July 03, 2012, 09:02:38 AM

Again, this market is too small for this not to happen pretty regularly. People like to say, "You can mostly ignore market depth", but the fact is that most people do not ignore market depth, and the fact that most people don't ignore it, compels people playing in the market to react based on depth changes, which compels other people to react. This is not going to change until there are many, many more big players than there are right now.

I don't know how many times I've said that to people. This isn't the stock market!

The manipulator speaks. He clearly has access to the bitcoins to put up a huge wall.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: GeniuSxBoY on July 03, 2012, 10:17:11 AM

Everyone wishes they had the power of the Federal Reserve Corporation to stabilize an economy on their own.

Gasp! We solved it.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

Everyone wishes they had the power of the Federal Reserve Corporation to stabilize an economy on their own.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: proudhon on July 03, 2012, 09:58:55 AM

C'mon, pirate, fess up, it's you, isn't it?

I dabble in trading, but more importantly look to stabilize our precious commodity. It's my hope that one day we can all say we were here at the beginning.

N12

donator

Activity: 1610

Merit: 1010

Why would you two want to educate people on that? Do you not like making money? Grin

Also, Bitcoin is super silver.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: pirateat40 on July 03, 2012, 09:34:38 AM

Quote from: proudhon on July 03, 2012, 09:02:38 AM

Again, this market is too small for this not to happen pretty regularly. People like to say, "You can mostly ignore market depth", but the fact is that most people do not ignore market depth, and the fact that most people don't ignore it, compels people playing in the market to react based on depth changes, which compels other people to react. This is not going to change until there are many, many more big players than there are right now.

I don't know how many times I've said that to people. This isn't the stock market!

Internalize that, everyone. It's important. C'mon, pirate, fess up, it's you, isn't it?

GeniuSxBoY

hero member

Activity: 616

Merit: 500

It's a gamble, plain and simple.

A psychological gamble.

Given:
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
You know there are 8,000,000 bitcoins
You know there will be some big UPS and big DOWNS.
You know the big boys will fuck with the charts with walls and manipulations to mess with your head.

Call their bluff or don't.
Win some, lose some
Win all, win nothing.
Win none, lose all.

Shit, I saw the silver drop a $1.00 in a few seconds. Imagine what it takes to move a market of that magnitude. Shocked

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: proudhon on July 03, 2012, 09:02:38 AM

Again, this market is too small for this not to happen pretty regularly. People like to say, "You can mostly ignore market depth", but the fact is that most people do not ignore market depth, and the fact that most people don't ignore it, compels people playing in the market to react based on depth changes, which compels other people to react. This is not going to change until there are many, many more big players than there are right now.

I don't know how many times I've said that to people. This isn't the stock market!

GeniuSxBoY

hero member

Activity: 616

Merit: 500

I was more amazed that the mtgoxlive and clark moody didn't lock up during the ordeal.

Edit: oh great.... it locks up when nothing is happening.

Edit: it's working again

Edit: don't blink

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Spekulatius on July 03, 2012, 08:52:58 AM

Some serious manipulation is going on right now

Again, this market is too small for this not to happen pretty regularly. People like to say, "You can mostly ignore market depth", but the fact is that most people do not ignore market depth, and the fact that most people don't ignore it, compels people playing in the market to react based on depth changes, which compels other people to react. This is not going to change until there are many, many more big players than there are right now.

My guess? As this gains more momentum we fall below $5, and then we'll see a flurry of buying as people try to snatch up more coins in the hope that the price will break the insanely strong resistance around $7.00 and $7.20, but we won't; the price probably won't make a new high beyond $6.80.

Spekulatius

legendary

Activity: 1022

Merit: 1000

Some serious manipulation is going on right now

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Jointops420 on July 02, 2012, 09:49:11 PM

Quote from: proudhon on July 02, 2012, 09:31:06 PM

Quote from: Jointops420 on July 02, 2012, 06:54:52 PM

I am really hoping this wall gets gobbled up before they can withdraw it. These days the chances of that happening are way better than a few months back.

The wall strategy will will continue to work in this market until it gets a lot bigger.

You are right but its still a risk for the builder as they never know when a bigger shark will enter the pond until its to late, and the way people are not panicking so much lately a bigger shark may see it as a nice bite, instead of sitting back slowly nibbling to avoid slippage. What I would like to see, is some comeuppance of 'oh shit I am not the biggest fish here anymore'.

So very true and there is not much behind this wall should it fall.

Jointops420

full member

Activity: 132

Merit: 100

Quote from: proudhon on July 02, 2012, 09:31:06 PM

Quote from: Jointops420 on July 02, 2012, 06:54:52 PM

I am really hoping this wall gets gobbled up before they can withdraw it. These days the chances of that happening are way better than a few months back.

The wall strategy will will continue to work in this market until it gets a lot bigger.

You are right but its still a risk for the builder as they never know when a bigger shark will enter the pond until its to late, and the way people are not panicking so much lately a bigger shark may see it as a nice bite, instead of sitting back slowly nibbling to avoid slippage. What I would like to see, is some comeuppance of 'oh shit I am not the biggest fish here anymore'.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Jointops420 on July 02, 2012, 06:54:52 PM

I am really hoping this wall gets gobbled up before they can withdraw it. These days the chances of that happening are way better than a few months back.

The wall strategy will will continue to work in this market until it gets a lot bigger.

Jointops420

full member

Activity: 132

Merit: 100

I am really hoping this wall gets gobbled up before they can withdraw it. These days the chances of that happening are way better than a few months back.

Serge

legendary

Activity: 1050

Merit: 1000

going back to $5, rinse and repeat

proudhon

legendary

Activity: 2198

Merit: 1311

This one's called "Calling off the rally"

humanitee

hero member

Activity: 1302

Merit: 502

Afterwards, nine tittle moist pants!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Hexadecibel on June 29, 2012, 12:06:08 AM

is "six point crazy" some sort of economist slang? or is adam just 'real' crazy?...

edit: I've been monitoring btccharts all day. Seems to be lots of buying pressure.

we are at six point crazy, and seven dot retarded is coming soon! Cheesy

i forgot who first said "six point crazy" it was a few days ago on this board, but i picked it up, and liked it!

Hexadecibel

vip

Activity: 571

Merit: 504

I still <3 u Satoshi

is "six point crazy" some sort of economist slang? or is adam just 'real' crazy?...

edit: I've been monitoring btccharts all day. Seems to be lots of buying pressure.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1174. (Read 1811599 times)