Topic: Wall Observer - MtGoxUSD wall movement tracker - page 551. (Read 1811613 times)

What's gonna happen when people in Europe wake up? Will they panic sell or buy for cheap?

What do you think...

Btw. I wrote to MtGox about the big lags - answer: top management is working on it...

So you're saying we're due for a consolidation?

Absolutely nothing.

I had orders about 38 and they got filled.

What's gonna happen when people in Europe wake up? Will they panic sell or buy for cheap?

What do you think...

Btw. I wrote to MtGox about the big lags - answer: top management is working on it...

I had very old orders laying around everywhere. They all got filled, unfortunately the lower ones (30 to 35) had been invalid due to lack of USD

Just woke up. I fell much better today after this healthy correction. Yesterday made me feel uneasy.

I had orders about 38 and they got filled.

Did anyone with buy orders of 36-45 on here actually get them filled during that WTF moment? Curious about what actually happened there.

Great.
Now you manage how much coins? 100k+?

I think today might have rattled the confidence of a few people around here. I'm still holding though  

Good buying opportunity. I, however, am out of funds until the next wire clears.

Did anyone with buy orders of 36-45 on here actually get them filled during that WTF moment? Curious about what actually happened there.

I don't understand.  Did someone put in a sell order for 7500 BTC @ $36 and it just ate up everything so the buy wall has to reform?

Margin trading

Our margin trading feature is unique in the Bitcoin world. Basically, it allows you to borrow funds from lenders (see next feature) to trade bitcoins. If you make a profit, you get the profit and pay the depositor interests. If you make a loss, you reimburse the depositors the whole borrowed amount.
For example, let's say you want to open a long position for 100 bitcoins. That means you want to buy 100 bitcoins hoping to the price will go up. The system will borrow for you 100 * the bitcoin price US dollars (let's say 1300 USD) from lenders, at the best rates available. Your position will have a maximum period (defined by lenders), after which you will have to reimburse the 1300 USD (close the position). Each hour you will be charged an interests rate going to your(s) lender(s). If later you want to increase your position, you can borrow more funds, which will have there own maximum period.
At any time before the expiration date, you can close your position. This will reimburse your lender, and you will keep the profit.
The same goes for short position (selling bitcoins), where you borrow bitcoins instead of dollars.
If there is no lender available, you will not be able to open your position. Your order status will be "NO RESERVE ACTIVE", which means that it will be executed as soon as there is funds available.
The trading wallet is used for margin trading. It does not serves the purpose of buying or selling bitcoins, it serves only as margin requirements; that is, even if you have 1000 US dollars in this wallet, if you open a 10 BTC long position, you will borrow the needed USD. Funds in this wallet are to cover for eventual losses that may occurs. When the losses covers almost all your wallet balances, you may get a margin call and have your position force-closed to avoid further losses.

I don't understand.  Did someone put in a sell order for 7500 BTC @ $36 and it just ate up everything so the buy wall has to reform?

you mean behind