Wall Observer - MtGoxUSD wall movement tracker - page 601.

World

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Quote from: thoughtfan on February 28, 2013, 03:36:36 PM

Quote from: pinger on February 28, 2013, 03:29:48 PM

I think normal Wall Street games doesn't work on the Bitcoin side. At least until more Wall Street players starts investing in Bitcoin.

I was thinking about this earlier after reading the coinlabs news. The thing is, before Wall Street players can start playing these games with sums on another scale even to what we saw just now they will first have to acquire the Bitcoins to do it. So unless they've been gradually building up BTC reserves by the time we see them up to their tricks I'm guessing both liquidity and price will be somewhere quite different to what it is today - and therefore able to handle it just as the market just handled this little episode

More interesting time will be Satoshi<>Wall Street players Grin

Piper67

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Quote from: ?? on ??

Quote from: cheat_2_win on February 28, 2013, 03:52:47 PM

Quote from: ajk on February 28, 2013, 03:48:13 PM

just want to add this

when the Bid side is usually weak there isnt a sell off (no money to get maximum value), when the bid side is Super filled that is usually when I notice some big action moving

when the Ask side is usually strong there is usually big buys since there are alot of bitcoins sitting waiting to be scooped up,

this is just a observation from watching the price practically 24/7 with my other assets

That makes perfect sense from both buyers and sellers side.

I've said before that walls are magnets. People seem to think the opposite for some reason.

Some walls push, some walls pull.

creativex

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Quote from: The Fool on February 28, 2013, 03:36:04 PM

Quote from: creativex on February 28, 2013, 03:31:18 PM

Coinbase is bought out for the day. Wink

Actually they are down for maintenance.

Worked just fine for me, until I tried to buy the dip. Then I got a msg saying they were bought out for the day.

ajk

donator

Activity: 447

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Quote from: ?? on ??

The pattern of price movement changed. The sellers are waiting for a decent amount of bids to build above a certain price point, and then dump down to this price point.

This suggests to me that the piles of stashed BTC are now coming out of hiding, and the price point they are comfortable with seems to be around 31 USD/BTC. The next week or so may indeed be interesting, and not in a way it was "interesting" for the last 6 weeks.

Well, a little bit of diversity may even be refreshing... Wink

Right.. and where did you sell at? and how many bitcoins do you have?

cheat_2_win

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Quote from: ajk on February 28, 2013, 03:48:13 PM

just want to add this

when the Bid side is usually weak there isnt a sell off (no money to get maximum value), when the bid side is Super filled that is usually when I notice some big action moving

when the Ask side is usually strong there is usually big buys since there are alot of bitcoins sitting waiting to be scooped up,

this is just a observation from watching the price practically 24/7 with my other assets

That makes perfect sense from both buyers and sellers side.

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: BitcoinBA on February 28, 2013, 03:43:16 PM

MtGox should get some serious hardware... one dump and everything freezes... still can not see Live graph...

Another reason I don't day trade. In the critical moments when info needs to be bang on up-to-date and the sequencing and matching of trades needs to be most reliable it gox falls down! Well done to those of you who did manage to do a quick turnaround with both sells and buys at a price that gave you a profit but...

Gatekeeper

sr. member

Activity: 358

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I'm guessing it was the same person as yesterday, maybe SatoshiDice cashing out some profit.

Yesterday over 12k btc were dumped rapid style, and the same again today and the market barely notices, i think that's a fantastic thing, such a huge amount of coins have changed hands at $30+

ajk

donator

Activity: 447

Merit: 250

just want to add this

when the Bid side is usually weak there isnt a sell off (no money to get maximum value), when the bid side is Super filled that is usually when I notice some big action moving

when the Ask side is usually strong there is usually big buys since there are alot of bitcoins sitting waiting to be scooped up,

this is just a observation from watching the price practically 24/7 with my other assets

NamelessOne

legendary

Activity: 840

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Quote from: cheat_2_win on February 28, 2013, 03:40:21 PM

Quote from: ajk on February 28, 2013, 03:39:06 PM

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3 or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

I cannot agree with you more.

At the current rate 50 within two months seems possible.

BitcoinBA

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MtGox should get some serious hardware... one dump and everything freezes... still can not see Live graph...

420

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the bids are weak down to the mid 30.XX

Last price:$33.04854 High:$34.51541 Low:$30.90120 Volume:123915 BTC Weighted Avg:$32.59470

what i mean is could be start of new short downtrend maybe a week long. but maybe not

but maybe so

but maybe now

but maybe so

who knows

Chalkbot

legendary

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Quote from: Herodes on February 28, 2013, 03:39:43 PM

The price is like a fucking rubber band, stretch it either way, and it bounces right back to whereever it was at.

Unless you stretch it upward, it would seem.

cheat_2_win

full member

Activity: 215

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Quote from: ajk on February 28, 2013, 03:39:06 PM

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3 or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

I cannot agree with you more.

Herodes

hero member

Activity: 868

Merit: 1000

The price is like a fucking rubber band, stretch it either way, and it bounces right back to whereever it was at.

ajk

donator

Activity: 447

Merit: 250

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3rd or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: pinger on February 28, 2013, 03:29:48 PM

I think normal Wall Street games doesn't work on the Bitcoin side. At least until more Wall Street players starts investing in Bitcoin.

I was thinking about this earlier after reading the coinlabs news. The thing is, before Wall Street players can start playing these games with sums on another scale even to what we saw just now they will first have to acquire the Bitcoins to do it. So unless they've been gradually building up BTC reserves by the time we see them up to their tricks I'm guessing both liquidity and price will be somewhere quite different to what it is today - and therefore able to handle it just as the market just handled this little episode

420

hero member

Activity: 756

Merit: 500

the storm before the calm

more people may dump now

but more people will be ready to buy up cheaper coins on the dumps...

a coincidence btc-e just re-opened their usd bitinstant deposits right before this?

The Fool

newbie

Activity: 56

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Quote from: creativex on February 28, 2013, 03:31:18 PM

Coinbase is bought out for the day. Wink

Actually they are down for maintenance.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: 420 on February 28, 2013, 03:30:26 PM

can't tell if i profited or lost in that trading...hitting so many buttons...

probably broke even.

The fact that you were able to do anything with the goxxing/lag/whatever is impressive.

creativex

sr. member

Activity: 434

Merit: 250

Coinbase is bought out for the day. Wink

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 601. (Read 1811612 times)