Wall Observer - MtGoxUSD wall movement tracker - page 44.

ElectricMucus

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Marketing manager - GO MP

Quote from: just1nmc on April 14, 2013, 04:54:12 AM

Quote from: ElectricMucus on April 14, 2013, 04:49:09 AM

Quote from: ManBearPig on April 14, 2013, 04:42:15 AM

Quote from: molecular on April 14, 2013, 02:22:18 AM

nice triangle:

bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

Someone decided to sell a few thousand coins at $100, and the price stopped there because there wasn't lag to provoke more selling.

Still we broke the triangle.
You can't have it both ways. It could have been "someone buying a few thousand at 140" but it wasn't. Either accept the market for what it is including all participants or leave TA alone.

just1nmc

sr. member

Activity: 280

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Quote from: ElectricMucus on April 14, 2013, 04:49:09 AM

Quote from: ManBearPig on April 14, 2013, 04:42:15 AM

Quote from: molecular on April 14, 2013, 02:22:18 AM

nice triangle:

bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

Someone decided to sell a few thousand coins at $100, and the price stopped there because there wasn't lag to provoke more selling.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ManBearPig on April 14, 2013, 04:42:15 AM

Quote from: molecular on April 14, 2013, 02:22:18 AM

nice triangle:

bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: just1nmc on April 14, 2013, 04:35:42 AM

Quote from: ManBearPig on April 14, 2013, 04:28:18 AM

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I don't mind getting some extra coins off it

There's still people claiming the lag is propping up the price though; I don't understand it. Every sell off has shown the opposite.

It's interesting. There is the immediate panic-selling and the predictable pattern of decline based on a few periods of oblivion the exact size of the lag. Now people are beginning to expect it I think it might suppress the price, working AGAINST whoever's orchestrating this.

I still can't believe this an emergent problem of Mt Gox's software.

As a people-watcher, I find it a fascinating lesson in mass psychology though!

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: molecular on April 14, 2013, 02:22:18 AM

nice triangle:

bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: ManBearPig on April 14, 2013, 04:28:18 AM

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I don't mind getting some extra coins off it

There's still people claiming the lag is propping up the price though; I don't understand it. Every sell off has shown the opposite.

Coincrazy

newbie

Activity: 28

Merit: 0

Quote from: thoughtfan on April 14, 2013, 02:41:09 AM

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle. ....

most internet based trading systems allow ordinary users to place orders on NYSE or ARCA

orders are executed based on prices @ NYSE , almost instantly (a few seconds lag if at all)

in this internet and computing age, I see the absence / presence of a broker as a hindrance rather than boon

IMHO

regards

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: smoothie on April 14, 2013, 04:18:20 AM

Quote from: ?? on ??

Quote from: fcmatt on April 13, 2013, 10:55:54 PM

Thank you bulls for once again allowing me to sell over 100. Please get it above 125 shortly.

Says the guy who sells at any price. How many coins did you sell at $5?

Well in this post he sold 30 BTC around $5 (approximate time of the post). LOL

Quote from: fcmatt on October 19, 2011, 01:09:47 PM

Quote from: sukiho on October 19, 2011, 01:05:14 PM

look on the bright side, its still worth twice as much as a dollar Grin

I doubt that will be the case for long. I decided to sell 30+ BTC just now because I am
tired of holding them and watching them lose value. Better to get something out of it now
then to see it worth 50% less in a couple of weeks.

I can always mine more since I get free power but even then it is quickly becoming not
worth it while the hardware depreciates.

We should all thank him from the bottom of our greedy hearts for all the coins he's undersold.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: jl2012 on April 14, 2013, 04:14:42 AM

Quote from: just1nmc on April 14, 2013, 04:11:21 AM

Someone sold several thousand coins into the $100 wall

And the lag is 0. I am quite sure that one 12 hours earlier was a DDOS attack

Exactly. After this week it's pretty obvious that the lag creates panic sell offs, and not the other way around.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: ?? on ??

Quote from: fcmatt on April 13, 2013, 10:55:54 PM

Thank you bulls for once again allowing me to sell over 100. Please get it above 125 shortly.

Says the guy who sells at any price. How many coins did you sell at $5?

Well in this post he sold 30 BTC around $5 (approximate time of the post). LOL

Quote from: fcmatt on October 19, 2011, 01:09:47 PM

Quote from: sukiho on October 19, 2011, 01:05:14 PM

look on the bright side, its still worth twice as much as a dollar Grin

I doubt that will be the case for long. I decided to sell 30+ BTC just now because I am
tired of holding them and watching them lose value. Better to get something out of it now
then to see it worth 50% less in a couple of weeks.

I can always mine more since I get free power but even then it is quickly becoming not
worth it while the hardware depreciates.

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: just1nmc on April 14, 2013, 04:11:21 AM

Someone sold several thousand coins into the $100 wall

And the lag is 0. I am quite sure that one 12 hours earlier was a DDOS attack

just1nmc

sr. member

Activity: 280

Merit: 250

Someone sold several thousand coins into the $100 wall

thoughtfan

hero member

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Quote from: cul on April 13, 2013, 06:08:31 PM

Betfair (sports bet exchange) can handle more transactions per second than the NYSE. They invented a technology called Flywheel which, apparently, allows them to do it with only 2 x $50,000 servers.

They wouldnt touch bitcoin with a bargepole, but if someone could hire their programmers, or license their technology things would be much improved.

http://www.hpts.ws/papers/2007/HPTS%20Workshop%20-%20Betfair%20-%20Flywheel.pdf

50,000 transactions per second.

Thanks for the Betfair 'Flywheel' link. Until you mentioned it I hadn't realised my period of trading on Betfair a while back was probably what had set my expectation level for a reasonable processing capacity for a trading platform. I was not aware the fluctuation in demand and sheer volume had meant they actually had to develop an exceptional system. Maybe it's too late for MtGox - maybe we'll look at them in a few years as the AltaVista that led the way for a short while - but surely some of the new VC-backed trading platforms that appear to be on their way to open this market up nicely should at least be looking at the principles behind the Betfair system.

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle. I'm no programmer but I kinda like where you're coming from with this cul.

el_rlee

legendary

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Merit: 1014

It's just them Americans sleeping. Still I say if we get over the weekend without loosing too much (i.e. not more than yesterday) we will continue the rally next week.

just1nmc

sr. member

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Merit: 250