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Title: oh joy Post by: Hunterbunter on March 27, 2012, 03:44:52 AM I wonder if anyone with ~45k coins is game. What are the chances of someone actually saying "fine I'll take it" and selling the coins?
http://i41.tinypic.com/2rdkrhe.jpg Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 03:45:29 AM thats a pretty big wall.
Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 03:46:33 AM thats a pretty big wall. yeah like $200k worth. Although saying that makes me realize just how small this market really is. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 03:50:36 AM and it ain't movin. :D
Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 03:52:37 AM and it ain't movin. :D lol...yeah I think anyone who's going to be affected by a wall that like that has either already been milked dry or isn't watching. Title: Re: oh joy Post by: RyNinDaCleM on March 27, 2012, 03:53:47 AM Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 03:54:21 AM its starting to.
Title: Re: oh joy Post by: bitcool on March 27, 2012, 03:54:30 AM good deal.
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 03:56:51 AM thats a pretty massive bid ask asymmetry.
Title: Re: oh joy Post by: Electricbees on March 27, 2012, 03:56:59 AM That is a massive wall... :o
Price go up now, please, thanks. (Or just go up for a bit, peak at april 15th, and then go do whatever. That would be lovely...) Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 03:58:42 AM That is a massive wall... :o Price go up now, please, thanks. (Or just go up for a bit, peak at april 15th, and then go do whatever. That would be lovely...) What's happening on April 15th? The last two times I've seen walls like this ended up being pump and dumps. Title: Re: oh joy Post by: RyNinDaCleM on March 27, 2012, 04:00:42 AM thats a pretty massive bid ask asymmetry. I know! It's been months since we've seen 160,000B on the left side of Goxlive. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:02:38 AM this is very good. don't forget; $4 is the new $2. ;)
Title: Re: oh joy Post by: Electricbees on March 27, 2012, 04:03:27 AM That is a massive wall... :o Price go up now, please, thanks. (Or just go up for a bit, peak at april 15th, and then go do whatever. That would be lovely...) What's happening on April 15th? The last two times I've seen walls like this ended up being pump and dumps. If the price isn't desirable, I will be forced to hold my BTCs. :-\ Pumping and dumping would be really not so good for this desire to move upward. I really hope this isnt the third time you see that happen. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:07:46 AM just a matter of time now before price starts rising.
Title: Re: oh joy Post by: N12 on March 27, 2012, 04:09:38 AM just a matter of time now before price starts rising. I would never rely on a single wall.Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:09:45 AM there we go. shorts beginning to cover...
Title: Re: oh joy Post by: N12 on March 27, 2012, 04:10:37 AM http://www.youtube.com/watch?feature=player_detailpage&v=kdvTkddp1F0
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:11:37 AM http://www.youtube.com/watch?feature=player_detailpage&v=kdvTkddp1F0 hey man, congrats on becoming a Moderator. since when? Title: Re: oh joy Post by: mb300sd on March 27, 2012, 04:12:47 AM Looks like the wall had the intended effect. NOW KEEP GOING!
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:14:47 AM Looks like the wall had the intended effect. NOW KEEP GOING! yes MOAR MONIES ;-D Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:15:35 AM it will. soon it'll start chasing the price up.
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:16:43 AM perfect time to make a move. all the wild speculators are gone.
Title: Re: oh joy Post by: N12 on March 27, 2012, 04:16:54 AM http://www.youtube.com/watch?feature=player_detailpage&v=kdvTkddp1F0 hey man, congrats on becoming a Moderator. since when? Guys, you know that this wall has a single owner who can cancel it at anytime? It can also attract a big seller, but as long as it stands, of course noone can cover <4.6. ;D Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:17:14 AM Why do these interesting events always seem to occur right before I plan to go to bed, and have important things to do in the morning??
Title: Re: oh joy Post by: N12 on March 27, 2012, 04:18:08 AM Why do these interesting events always seem to occur right before I plan to go to bed, and have important things to do in the morning?? That’s the market’s plot to disrupt your life!Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:18:16 AM http://www.youtube.com/watch?feature=player_detailpage&v=kdvTkddp1F0 hey man, congrats on becoming a Moderator. since when? Guys, you know that this wall has a single owner who can cancel it at anytime? It can also attract a big seller, but as long as it stands, of course noone can cover <4.6. ;D SELL! Buy? Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:18:32 AM Why do these interesting events always seem to occur right before I plan to go to bed, and have important things to do in the morning?? lol, its called torture. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:19:50 AM actually, this new money makes sense and all with that idiot Ben muttering about more "accommodation" this morning.
Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 04:20:03 AM Pumping and dumping would be really not so good for this desire to move upward. I really hope this isnt the third time you see that happen. Seeing as it's the only wall...it's either that, or someone actually wants to buy those coins for that price...which...is possible I suppose. Indicators are pointing to overbought as far as I can see...so when that bid's removed I only see this going one way. This might actually be a very good thing for the price in general if you have the stomach to ride the rollercoaster. As for the upwards move...there's amazing support down in the mid 3's...if this wall causes that to happen sooner rather than later, I think we'll bounce quite nicely and you'll get a better car than you bargained for in the end. Title: Re: oh joy Post by: N12 on March 27, 2012, 04:20:07 AM Why do these interesting events always seem to occur right before I plan to go to bed, and have important things to do in the morning?? lol, its called torture. http://www.ricestandard.org/wp-content/uploads/2009/10/porte1.JPG Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:21:00 AM Why do these interesting events always seem to occur right before I plan to go to bed, and have important things to do in the morning?? lol, its called torture. I guess it could be worse... btccharts.com could have the Don't Get Zhoutonged song on repeat in the background... ::: shudder ::: Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:24:46 AM someone really wants in.
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:27:33 AM lol MOAR just now with the wall :o
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:28:07 AM $306K @ $4.60?
lollollol Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 04:29:24 AM Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:29:27 AM lol MOAR just now with the wall :o no bed fo u! Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:31:15 AM this seems somehow appropriate:
http://youtu.be/LQ8Ng6yibT8 Title: Re: oh joy Post by: waveaddict on March 27, 2012, 04:31:37 AM just noticed the wall...wow!
64,000 at $4.6 Title: Re: oh joy Post by: mysteriousawake on March 27, 2012, 04:35:33 AM Last time I checked you can sell bitcoins to yourself, so the wall is nothing.
Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 04:36:14 AM I wonder if that's 100% of available funds for that person...they've staggered it...maybe to cancel on if the other is sold into or something?
Or maybe they're going to walk it up Last time I checked you can sell bitcoins to yourself, so the wall is nothing. Why would anyone do that? 1% fee for nothing? Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 04:37:50 AM just noticed the wall...wow! 64,000 at $4.6 ya me too thanks OP! like I've been saying 8$ here we come :D Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:38:05 AM Some of the bids at 4.5 moved up a bit...
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:39:32 AM yeah and someone stepped in front of $4.6 with 21K btc's @ $4.61
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:40:42 AM Why would anyone do that? 1% fee for nothing? answer: they wouldn't. it would be a loss. Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 04:41:25 AM yeah and someone stepped in front of $4.6 with 21K btc's @ $4.61 Its the same person I think...the $4.6 bid shrunk. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:43:18 AM yeah and someone stepped in front of $4.6 with 21K btc's @ $4.61 Its the same person I think...the $4.6 bid shrunk. its not one person. Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 04:45:43 AM yeah and someone stepped in front of $4.6 with 21K btc's @ $4.61 Its the same person I think...the $4.6 bid shrunk. its not one person. i wish their was a way to know for sure... but would it make a difference? Title: Re: oh joy Post by: mysteriousawake on March 27, 2012, 04:45:57 AM didnt think of the 1% , just selloff is coming. wall is fake hope
Title: Re: oh joy Post by: Xmufa23X on March 27, 2012, 04:48:22 AM I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? :-[
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:50:46 AM I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? :-[ Support / resistance. The orange side (support) is a graphical representation of all the bids on the order book, blue (resistance) is all the asks. It's a fun show, but doesn't really help determine anything. Title: Re: oh joy Post by: beckspace on March 27, 2012, 04:51:07 AM I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? :-[ by ineededausername: https://i.imgur.com/dZQGb.png Title: Re: oh joy Post by: pirateat40 on March 27, 2012, 04:51:32 AM its not one person. You sure about that? Time to make some side bets? Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 04:53:33 AM I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? :-[ LOL sure!orange is people trying to buy coins, hover your mouse on this line and you will see how many coins is required to bring the price down blue is people trying to sell their coins, hover your mouse on this line and you will see how many dollars is required to move the price up right now we see someone is trying to buy a fuck load of coins really close to last price.... when we first see this, we are filled with joy :D, but then we think, well may someone is just flashing their money trying to bring the price up :-X Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:53:45 AM its not one person. You sure about that? Time to make some side bets? one person wouldn't separate their bids by only $0.01. they'd set up wider bid points like $0.25 or $0.50 apart. the $4.61 bid wall is likely someone who wants to cut in front of the person at $4.60 Title: Re: oh joy Post by: pirateat40 on March 27, 2012, 04:55:33 AM its not one person. You sure about that? Time to make some side bets? one person wouldn't separate their bids by only $0.01. they'd set up wider bid points like $0.25 or $0.50 apart. the $4.61 bid wall is likely someone who wants to cut in front of the person at $4.60 Oh then let me fix that. Sorry, I didnt know the trading etiquette. Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 04:56:13 AM anyone see this wall being tested yet?
i mean if the price drops to the wall and the wall holds that would be ... a first Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 04:56:46 AM this is more than just a flashing a price to try and manipulate up the price. this would be too dangerous if the manipulator really didn't want to buy b/c its too close to last price. a seller could sweep thru with a market order and sell into the wall before the manipulator had a chance to take it down.
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:56:58 AM its not one person. You sure about that? Time to make some side bets? one person wouldn't separate their bids by only $0.01. they'd set up wider bid points like $0.25 or $0.50 apart. the $4.61 bid wall is likely someone who wants to cut in front of the person at $4.60 whoever it is just got MOAR EAGER Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 04:58:12 AM this is more than just a flashing a price to try and manipulate up the price. this would be too dangerous if the manipulator really didn't want to buy b/c its too close to last price. a seller could sweep thru with a market order and sell into the wall before the manipulator had a chance to take it down. Bah, sounds like bull-dada ;D Title: Re: oh joy Post by: Kluge on March 27, 2012, 05:01:11 AM its not one person. You sure about that? Time to make some side bets? one person wouldn't separate their bids by only $0.01. they'd set up wider bid points like $0.25 or $0.50 apart. the $4.61 bid wall is likely someone who wants to cut in front of the person at $4.60 Oh then let me fix that. Sorry, I didnt know the trading etiquette. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 05:01:22 AM got more ppl cutting in front.
Title: Re: oh joy Post by: N12 on March 27, 2012, 05:02:55 AM Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 05:03:21 AM the ask wall just looks pathetic now... did it get smaller? or is it just me
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 05:05:37 AM the ask wall just looks pathetic now... did it get smaller? or is it just me It flattened out quite a bit within the last 24 hours. Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 05:07:26 AM anyone see this wall being tested yet? i mean if the price drops to the wall and the wall holds that would be ... a first It'd be fun, but perhaps not a first... I'm pretty sure I've seen large walls get eaten alive by huge selloffs before. Maybe I was hallucinating though. The walls probably weren't as large as this one though. Title: Re: oh joy Post by: bbit on March 27, 2012, 05:08:13 AM what does this all mean ??? :o is price going up/down/around/under .....
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 05:08:29 AM humpf, flacid so soon??
Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 05:08:55 AM what does this all mean ??? :o is price going up/down/around/under ..... Yes! Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 05:09:45 AM one of them may be starting to hit the asks right now.
Title: Re: oh joy Post by: Xmufa23X on March 27, 2012, 05:09:58 AM I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? :-[ LOL sure!orange is people trying to buy coins, hover your mouse on this line and you will see how many coins is required to bring the price down blue is people trying to sell their coins, hover your mouse on this line and you will see how many dollars is required to move the price up right now we see someone is trying to buy a fuck load of coins really close to last price.... when we first see this, we are filled with joy :D, but then we think, well may someone is just flashing their money trying to bring the price up :-X Title: Re: oh joy Post by: Hunterbunter on March 27, 2012, 05:11:28 AM anyone see this wall being tested yet? i mean if the price drops to the wall and the wall holds that would be ... a first It'd be fun, but perhaps not a first... I'm pretty sure I've seen large walls get eaten alive by huge selloffs before. Maybe I was hallucinating though. The walls probably weren't as large as this one though. Yeah I've only ever seen 10-15k walls get eaten alive by actual sales...was an awesome sight. Title: Re: oh joy Post by: bbit on March 27, 2012, 05:12:02 AM what does this all mean ??? :o is price going up/down/around/under ..... Yes! ^^ I KNEW IT! ^^ :o Title: Re: oh joy Post by: evoorhees on March 27, 2012, 05:12:18 AM Thanks, I understand it a little better now. But I don't understand how to factor in the graphs with the lines. On orange, you can buy 80,000BTC at $4.20? It means if you sold 80,000 right now at market price, it will push the price down to $4.20, because you'd "eat up" all the orders of people offering to buy. Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 05:15:25 AM k so here's what i'm thinking
these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6" the market will respond in 1 of two ways 1) fill the order 2) make a counter offer since 4.6 is a really low price i think #2 is more likely we'll see a nice big fat ask wall form around 4.8 at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4 edit: secret option #3 order will not be filled counter offer will not appear which means up up up :D Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 05:16:17 AM Thanks, I understand it a little better now. But I don't understand how to factor in the graphs with the lines. On orange, you can buy 80,000BTC at $4.20? It means if you sold 80,000 right now at market price, it will push the price down to $4.20, because you'd "eat up" all the orders of people offering to buy. another way to say it is that if you go from the right end of the orange line up the mountain to the left, you are cumulatively stacking the number of btc's to be bought at a certain price on top of the btc's to be bought from the previous prices. Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 05:21:11 AM the longer this wall stays in place the more buying pressure sellers will feel. shorts will start to get nervous and we've already seen some short covering i'm sure. the price should slowly rise; or even faster if the buyers forming the bid wall get impatient and decide to start hitting the ask prices.
Title: Re: oh joy Post by: proudhon on March 27, 2012, 05:22:20 AM Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
Title: Re: oh joy Post by: cypherdoc on March 27, 2012, 05:23:24 AM Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night. don't forget to "cover" up before you go to sleep. ;) Title: Re: oh joy Post by: Crypt_Current on March 27, 2012, 05:23:44 AM Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night. Good to see you're still dancing with the bear Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 05:24:50 AM Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night. lmao, this is why you won the poll proudhon +1 Title: Re: oh joy Post by: bbit on March 27, 2012, 05:30:27 AM Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night. lmao, this is why you won the poll proudhon +1 +1 +1 lol Title: Re: oh joy Post by: guruvan on March 27, 2012, 05:58:28 AM I think the "pump & dump" Hunterbunter referred to is mostly just teh bots. I've seen a few popular ones the last few days, and the quick visual backtest suggests many people using the same few very simple, very predictable bots.
I do like this wider range we've been in. Much easier to grab a few pips every day :) I also like those really solid walls - a clear clear bottom or top to work within. Title: Re: oh joy Post by: adamstgBit on March 27, 2012, 09:40:25 PM k so here's what i'm thinking these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6" the market will respond in 1 of two ways 1) fill the order 2) make a counter offer since 4.6 is a really low price i think #2 is more likely we'll see a nice big fat ask wall form around 4.8 at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4 edit: secret option #3 order will not be filled counter offer will not appear which means up up up :D looks like we are going for secret option #3 , oh joy! :D Title: Re: oh joy Post by: Technomage on March 27, 2012, 09:41:32 PM Indeed. Breakout is imminent.
Title: Re: oh joy Post by: notme on March 29, 2012, 12:54:51 AM Title: Re: oh joy Post by: Electricbees on March 29, 2012, 01:03:25 AM Indeed. Breakout is imminent. I hear Proactiv has a number of creams and face-scrubs for that...Title: Re: oh joy Post by: guruvan on March 29, 2012, 01:14:55 AM but meanwhile there were lulz (some of the not lies in this https://bitcointalk.org/index.php?topic=74494.0 ) |
