Wall Observer - MtGoxUSD wall movement tracker - page 607.

myself

legendary

Activity: 938

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chaos is fun...…damental :)

Quote from: ?? on ??

Quote from: myself on February 28, 2013, 08:28:24 AM

Quote from: ?? on ??

I agree but wonder if it is one or two hedge funds who are expecting 100 hedge funds to move in soon and are buying all the cheap coins now. Honestly if no one wants to sell BTC and millions get poured in daily the price will get crazy stupid quickly.

can you post here the definition for a hedge fund and a short description of how a hedge funds work just to know we are talking about the same thing

http://en.wikipedia.org/wiki/Hedge_fund

bah u did it on the easy way :/

hedge funds get their name because they hedge their positions on the market
example go long on oil futures and long on airlines stocks
1 if oil goes up let the oil futures run in profits cut the airlines stock
2 if oil goes down cut the futures and let the airlines stock run in profits

how you hedge in bitcoin world ?

imanikin

hero member

Activity: 702

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Quote from: ?? on ??

I agree but wonder if it is one or two hedge funds who are expecting 100 hedge funds to move in soon and are buying all the cheap coins now. Honestly if no one wants to sell BTC and millions get poured in daily the price will get crazy stupid quickly.

+1 And there are small investors coming in also, little by little. I DON'T mean the 420 kids at SR either! Cheesy

I am done selling, because whenever i sold, i lost money, no matter which exchange i was using from 2010 to present day. The MtG rate is manipulated now, but at least we can see it, unlike back in the days of the MtG dark pool shenanigans.

Also, it seems to me that B doesn't yet lend itself to tech analysis by anyone except market movers, MtG staff, and traders who go to church regularly, Cheesy

because the biggest possible players are not in the B market YET.

Mushoz

hero member

Activity: 686

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Bitbuy

Quote from: mccorvic on February 28, 2013, 08:33:15 AM

Quote from: proudhon on February 28, 2013, 06:46:57 AM

Quote from: Bowjob on February 28, 2013, 06:29:16 AM

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

You rang? This is surely the top, and a bubble pop is probably just around the corner.

Ok, I think I see where you're coming from. You believe in the "doughnut" shaped market and that we'll eventually go up from $30 and wrap all the way around back to zero.

But as everyone else knows, a Proudhun posting is the clearest sign that we're still in rally mode.

As soon as Proudhorn turns Bullish, I'm selling Grin

MoonShadow

legendary

Activity: 1708

Merit: 1010

Quote from: poly on February 28, 2013, 12:59:56 AM

Quote from: MoonShadow on February 28, 2013, 12:33:52 AM

Part of it might be that the early investors you speak of are all but cashed out.

Source to back up your generalizing statement?

I have no source. Which is why I used the word "might". I was speculating, like everyone else in this thread.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: proudhon on February 28, 2013, 06:46:57 AM

Quote from: Bowjob on February 28, 2013, 06:29:16 AM

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

You rang? This is surely the top, and a bubble pop is probably just around the corner.

Ok, I think I see where you're coming from. You believe in the "doughnut" shaped market and that we'll eventually go up from $30 and wrap all the way around back to zero.

But as everyone else knows, a Proudhun posting is the clearest sign that we're still in rally mode.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: ?? on ??

I agree but wonder if it is one or two hedge funds who are expecting 100 hedge funds to move in soon and are buying all the cheap coins now. Honestly if no one wants to sell BTC and millions get poured in daily the price will get crazy stupid quickly.

can you post here the definition for a hedge fund and a short description of how a hedge funds work just to know we are talking about the same thing

Zomdifros

full member

Activity: 210

Merit: 100

Quote from: myself on February 28, 2013, 07:41:44 AM

well ppl dont want to acknowledge that this push was made by a single trader and its wall at 31 then he pushed the wall at 32 and the price at 33 got bitch slapped with 10K btc and the wall was dead, stuff like this you dont see even on stocks where big banks like jp morgan or golman rule the market, is hard to make a fucking sense of stuff like this but anyone that claims the market as a whole group did took this decision to push is on a different reality.

i go by the say

Quote

when everybody is making money, nobody is making money

now is time to wait for the bait and switch

I agree, I think the market was manipulated. It began with the unusually large ask wall around 31.89 and 32.00, which remained in place for a few days. During the attack somewhere around $1M was pumped in the market with one guy putting up seven 2K BTC blocks on the bid side.

I'm normally not of the tin foil hat conspiracy crowd, but in this instance I can imagine a large buyer intentionally timed the all-time high. It is very well possible that Mt.Gox & Coinlab did this on purpose in order to gain maximum PR value. As a libertarian, I find this absolutely acceptable and good for Bitcoin as a whole.

Quote from: byronbb on February 28, 2013, 05:16:16 AM

http://coinlab.com/chart

Speaking of Coinlab, this is one nice toy to play with!

StarenseN

legendary

Activity: 2478

Merit: 1362

Quote from: proudhon on February 28, 2013, 06:46:57 AM

Quote from: Bowjob on February 28, 2013, 06:29:16 AM

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

You rang? This is surely the top, and a bubble pop is probably just around the corner.

haha you said that already a couple of times earlier.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: proudhon on February 28, 2013, 06:46:57 AM

Quote from: Bowjob on February 28, 2013, 06:29:16 AM

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

You rang? This is surely the top, and a bubble pop is probably just around the corner.

well ppl dont want to acknowledge that this push was made by a single trader and its wall at 31 then he pushed the wall at 32 and the price at 33 got bitch slapped with 10K btc and the wall was dead, stuff like this you dont see even on stocks where big banks like jp morgan or golman rule the market, is hard to make a fucking sense of stuff like this but anyone that claims the market as a whole group did took this decision to push is on a different reality.

i go by the say

Quote

when everybody is making money, nobody is making money

now is time to wait for the bait and switch

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Bowjob on February 28, 2013, 06:29:16 AM

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

You rang? This is surely the top, and a bubble pop is probably just around the corner.

Bowjob

sr. member

Activity: 294

Merit: 250

Is Adam a bull again? Yeah, we need bears to slaughter. How about proudhon? lucif?

deeplink

hero member

Activity: 728

Merit: 500

In cryptography we trust

Quote from: ?? on ??

Quote from: Bowjob on February 28, 2013, 05:26:21 AM

Someone put resistance please.. we'll hit $37 soon.

To do that someone will have to sell. Who wants to sell BTC? You might never get the chance to buy them again!

There are still a few bears left.

The problem is they don't have any BTC left to sell Cheesy

p.s.

Adam, welcome back

Mr. Loaded, I love you

Bowjob

sr. member

Activity: 294

Merit: 250

Someone put resistance please.. we'll hit $37 soon.

byronbb

legendary

Activity: 1414

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HODL OR DIE

http://coinlab.com/chart

phatsphere

hero member

Activity: 763

Merit: 500

bears for breakfest. nom nom nom …

oakpacific

hero member

Activity: 784

Merit: 1000

For the record, here is the trade that broke it:

{"date":1362012123,"price":"31.9099","amount":"1","price_int":"3190990","amount_int":"100000000","tid":"1362012123917624","price_currency":"USD","item":"BTC","trade_type":"bid","primary":"Y","properties":"limit"},{"date":1362012124,"price":"31.9099","amount":"0.00019974","price_int":"3190990","amount_int":"19974","tid":"1362012124220533","price_currency":"USD","item":"BTC","trade_type":"bid","primary":"Y","properties":"limit"},{"date":1362012133,"price":"31.90998","amount":"1.0646","price_int":"3190998","amount_int":"106460000","tid":"1362012133549205","price_currency":"USD","item":"BTC","trade_type":"ask","primary":"Y","properties":"limit"},{"date":1362012147,"price":"31.91","amount":"20","price_int":"3191000","amount_int":"2000000000","tid":"1362012147416084","price_currency":"USD","item":"BTC","trade_type":"bid","primary":"Y","properties":"limit"},{"date":1362012147,"price":"31.91","amount":"9.28879034","price_int":"3191000","amount_int":"928879034","tid":"1362012147530876","price_currency":"USD","item":"BTC","trade_type":"bid","primary":"Y","properties":"limit"},

see here: https://mtgox.com/api/1/BTCUSD/trades

Liquid

hero member

Activity: 826

Merit: 500

Crypto Somnium

BTC = $33

thoughtfan

hero member

Activity: 784

Merit: 506

Surely the announcement of 500,000 goods at zero markup for a month must be having an influence on price too ( http://bitcoinmagazine.com/bitcoinstore-officially-launching-today-0-markup/ and http://codinginmysleep.com/bitcoin-store-announces-official-launch/ )? The chance of getting stuff cheap might be the trigger for many who have been reading about Bitcoin in the recent articles and blogs to actually dive in to buy something with it. And once they've actually experienced buying and spending Bitcoin...

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Cubic Earth

legendary

Activity: 1176

Merit: 1020

Quote from: gimme_bottles on February 27, 2013, 07:36:41 PM

Quote from: Cubic Earth on February 27, 2013, 07:32:12 PM

Quote from: Bowjob on February 27, 2013, 07:24:29 PM

CoinLab will ask customers for their info.. hey if US gov't get a hold of that info, they'd want to take half of your profits!

CoinLab having the info would make it that much easier for the US gov't to get the info, but its best to assume they already have it if you use Mt. Gox. If you use a paper wallet that was generated offline, once you send your funds out of the exchange to that paper address, well there is NO WAY FOR ANYBODY to know who is the owner of that paper address.

in 99.9% of the cases that would be the owner of the gox account the coins were sent from. to leave no trail you would have to use a mixing service.

Agreed - to use a mixing service, tor, etc. to leave no trail. But a trail and plausible deniable are two completely different things. So yes, 99.9% of it would be the same owner, but how can anyone prove you hadn't sold or gifted those coins. Or lost the key. The trail would point to you though, so if the coins became worth millions in the future, you can bet that address would have a government microscope on it. It would be public knowledge what date the coins arrived on the address, and the capital appreciation would also be public knowledge. You would have to take some serious precautions at that point if you wanted to redeem any of those coins and not reveal yourself as the owner.

Keeping less than $5,000 worth of coins per address should might help to avoid unwanted scrutiny. If BTC keep going up, you would have to keep dividing your coins, and though that might be a pain in the ass, it would also be a great problem to have.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 607. (Read 1811611 times)