Topic: Wall Observer - MtGoxUSD wall movement tracker - page 348. (Read 1811611 times)

I don't know. Best ask in bitfinex thread: https://bitcointalksearch.org/topic/betabitfinexcom-first-bitcoin-p2p-lending-platform-for-leverage-trading-119745
 

What is that index? How calculated?

poor irrational bears:

fcmatt you appear to me to be conflating three things here: the risks associated with others selling, those of us (me) selling and an evaluation/estimate of BTC right now.

I'll cover them separately:

i) In the case of the risk of others (a whale) selling I agree with Holliday
Given past performance which is more likely: a selling whale or a buying whale?  Of course if you believe we are at a peak and due for a significant reversal then basing your evaluation on the instance of the seller whale will better reflect your belief.  However, without presenting your reasoning behind dismissing the opposite it seems odd to me to only consider one side.

ii) When it comes to the evaluation of my own BTC holding of course doing the multiplication based on last price is ludicrous especially if a bot a lot of the time is giving us a figure with zero depth.  So yes, without doing the math into the bid depth for an actual calculation based on slippage it is probably not a bad means of estimating, depending on how much you'd be selling, to make a subtraction based on depth.  Personally I wouldn't use MtGox for a major sell because don't trust that a significant chunk would make it out of Japan in a timely manner without additional costs and questions.  Instead being fortunate enough to be in a district within many LocalBitcoin buyers (London) I do a screen scrape of them all to do a calculation based on advertised available amounts and prices to get an 'including slippage' evaluation.  Of course unlike with an exchange I have to assume sellers have the amounts they say they do and that they would honour my order.  However, given that, I don't think clicking 'Sell' for the max for each of the top sellers till I've sold all my coin then spending a day or two driving round London to do the transactions is the worst way of putting a price on my holding.  In actuality I have no intention of buying pounds in any great numbers with my Bitcoin for a very long time if ever - and if I did I would explore the options to try and get the best price preferably from one seller - but if I want to put a provisional figure on it I don't think my method is that unreasonable.

iii) I don't think basing your current evaluation of Bitcoin (irrespective of your own holding) entirely on the assumption of a potential selling whale's actions is likely to give you anything realistic.  There are so many factors to take into consideration, most of which would in my book have a bigger part in my estimation evaluation than your scenario, so I would venture to suggest you may be doing yourself a disservice if you're using your described scenario alone to justify not taking the current price seriously.

Me too, glad I'm all in again. The flash crash was a great opportunity.

Is it lagging?

I guess that's why someone are selling small amounts into the wall, poor guy, mind the hidden wall.

i cant see them either

but they show up on bitcoinity.org

they also show up on http://bitcoincharts.com/markets/mtgoxUSD_depth.html

I don't see the wall on clarkmoody either

No need to hurry, the longer it holds, the stronger a support it will become when it gets resurrected.

I would've been truly happy to stay above 80 for the weekend. If we come anywhere near 100, next week will be remembered for a long time in the history of Bitcoin.

That's a giant monolith of a bid wall... are we going through 100 on a Saturday???

12k in buys since the bidwall went up, another 12k and we hit $99.

Nice buy up to 94.97 94.98

weird.. mine must not be updating correctly

when i refreshed earlier it did disappear, it looked like selling 500 coins would take it back down to $88, i thought they'd taken the walls down, but then the guy sold 2k coins into it, so it was obviously still there, quite weird really, now it's showing again.

edit: now i had to refresh it's gone again

I see 4930 @ 92.10 and 3200 @ 91.95 on clark moody

Clark Moody doesn't show the bidwall that bitcoinity.org does..

Does anyone else see this?

Madness ^_^

Unless you believe price will drop.