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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 815. (Read 1811599 times)

legendary
Activity: 896
Merit: 1001
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
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legendary
Activity: 896
Merit: 1001
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
its gone

Mr. Money is definitely reading this forum!

EDIT: But it's not me!  Cool
420
hero member
Activity: 756
Merit: 500
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Can someone explain to me the concept of a "fake wall"?

For example, a big buyer wants to initiate a large position, but in this market, his buy order would easily move the Bitcoin price to $16 or more. So he uses his coins to create a fake wall at $15.72, it's a rather safe price that won't be reached in a hurry, but it puts up a barrier so all the sellers who wanted to sell at $16, will now sell below $15.72, because they think no way this 11000 wall is going to be eaten any time soon. So this big buyer gets to buy coins below $15.72, instead of buying at $16+

Oh so it's a fake sell so mr money bags can safely buy BTC?

its far from safe, but yeah it manipulates some times.

He got away this time, but soon enough someone is going to eat his lunch (that person might be me in a few months)
newbie
Activity: 46
Merit: 0
its gone
full member
Activity: 238
Merit: 100
Can someone explain to me the concept of a "fake wall"?

For example, a big buyer wants to initiate a large position, but in this market, his buy order would easily move the Bitcoin price to $16 or more. So he uses his coins to create a fake wall at $15.72, it's a rather safe price that won't be reached in a hurry, but it puts up a barrier so all the sellers who wanted to sell at $16, will now sell below $15.72, because they think no way this 11000 wall is going to be eaten any time soon. So this big buyer gets to buy coins below $15.72, instead of buying at $16+

Oh so it's a fake sell so mr money bags can safely buy BTC?

legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Can someone explain to me the concept of a "fake wall"?

For example, a big buyer wants to initiate a large position, but in this market, his buy order would easily move the Bitcoin price to $16 or more. So he uses his coins to create a fake wall at $15.72, it's a rather safe price that won't be reached in a hurry, but it puts up a barrier so all the sellers who wanted to sell at $16, will now sell below $15.72, because they think no way this 11000 wall is going to be eaten any time soon. So this big buyer gets to buy coins below $15.72, instead of buying at $16+


He can also do this off exchange. As MTGOX is the defacto "price", if someone can successfully manipulate it, he can make cheap deals off exchange without the need to risk upsetting the price on mtgox itself. I have a suspicion this is what was happening for the last month or so....
sr. member
Activity: 476
Merit: 250
20% rise for the month with 2 weeks left.  Incredible.

On the way down from the all time high in July 2011, I paid $16.15/BTC for a block.  

I will be buying another block when it breaks $16.15 again just for giggles.  
legendary
Activity: 1806
Merit: 1003
Can someone explain to me the concept of a "fake wall"?

For example, a big buyer wants to initiate a large position, but in this market, his buy order would easily move the Bitcoin price to $16 or more. So he uses his coins to create a fake wall at $15.72, it's a rather safe price that won't be reached in a hurry, but it puts up a barrier so all the sellers who wanted to sell at $16, will now sell below $15.72, because they think no way this 11000 wall is going to be eaten any time soon. So this big buyer gets to buy coins below $15.72, instead of buying at $16+
420
hero member
Activity: 756
Merit: 500
The time I want to be taken lightly seriously everyone only sees the harry potter comment.  Grin

I read it all and it was good

then I heard EXPECTO BITCOINICA! BOOM!

and eyes were back to clark moody


Can someone explain to me the concept of a "fake wall"?

from a person who goes "oh shit!" when either his wall is approached quickly or even when 10% of his wall is eaten immediately when he expected it to take all day and he then pulls the wall from existence"
full member
Activity: 238
Merit: 100
Can someone explain to me the concept of a "fake wall"?
legendary
Activity: 896
Merit: 1001
The 11,000 at 15.72 might be a "fake wall" like the 8,000 one a couple of hours ago.

I was thinking the same thing. In which case, this thing could go nuts at any moment.
donator
Activity: 2772
Merit: 1019
I prefer a steady and conservatively increase in value.

I've been thinking the last 5 hours had been "too hot" and it would drop hard. But it seems the bulls keep going.

The 11,000 at 15.72 might be a "fake wall" like the 8,000 one a couple of hours ago.
full member
Activity: 238
Merit: 100
The time I want to be taken lightly seriously everyone only sees the harry potter comment.  Grin
full member
Activity: 193
Merit: 100
I prefer a steady and conservatively increase in value.
donator
Activity: 2772
Merit: 1019
donator
Activity: 2772
Merit: 1019
next stop 17, then we wait for the dumps... if they don't come... the jig is up, no one is selling and people need drugs! 100$ here we come.

... love that shit. its spring/summer 2011 style  Smiley Smiley Smiley

'the jig is up'

better not. I didn't enjoy fall 2011.
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