omfg i placed my order to buy from the wall seconds before it disappeared and it didnt fill
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Large buying activity on stamp in 200-400 blocks. Walls getting demolished. Looks like bottom.
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I sold the 450s at 470 as soon as I saw those walls pop up and have now rebought some in the lower 400s. This is where bottom was suposed to be, though I am concerned about how fast it has gotten here.
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I'm not sure we'll go much down from here.
+1, I'm not selling for 450, fuck this shit. Gox's dead was priced in good part anyway. I just bought a bunch more at 450 that wasn't in my buy orders. it felt like a local bottom.
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Bottoms used to be much easier to read in 2013 on mtgox. You'd get to some level and there'd already be 20K of buy orders at a certain level waiting and then it would bounce.
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The trick of every bottom on bitstamp is to make every bottom look like theres no walls and it's about to fall of a cliff. The big players are all using dark orders.
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
U will not go lower? I have them going all the way to 280..
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
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Well this is it. Possibly the beginning of the bottom leg of the final capitulation. When is wallstreet, the twinkies, bit, fortress, whales etc. going to start buying?
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Wow I just flipped goxbtc from .106 to .199 in 2 minutes and made 90% profit.
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Your regularly scheduled logarithmic gox-crash is continued after a brief interruption with anti-FUD pump&dump.
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The price on gox has not changed and the price on bitcoinbuilder has increased 30% now.
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I just missed the 0.19 after my docs were verified and btc confirmed. now its back to 0.23 already. It seems like you could make some good profits here without even actually sending coins to mtgox. Just use bitcoinbuilder like a trading exchange. They should add it to bitcoinwisdom.
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Think about what that poster said. How much money would people be comfortable with to have sitting on an exchange? This amount doesn't change much over time and is actually valued in USD. So I think it's obvious that the BTC walls become smaller as its value in USD grows.
Maybe once we get better exchanges like something in forex or wall street, people will trust them with more money and the walls will increase.
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I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
It's simply because bitcoin worth a lot more now, so people are not taking the risk to put too many on an exchange. The value of the ask wall (in terms of USD) is not that low. USD is a bad way to measure things. For example, let's say that tomorrow bitcoin was worth $100,000,000 per bitcoin. To achieve a 1 million dollar wall, you would only need 0.01btc. Would 0.01btc still substantiate as a wall because of its USD value?
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I think I'm going to hodl my buy orders on Stamp.
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I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
coins are worth 10x what they used to be.... This statement (in and of itself) is not enough to tell me why there would be less coins on order books. The value of the coins does not change the amount of coins in circulation. Look at this chart (green and yellow): In both corrections of 2012 and in the correction of 2013, there were the same amount of coins on the book, even though the value was increasing by 5x each time. It would probably be similar in 2011 if I could find that too. Now look at 2014. Suddenly there is an order of magnitude less coins. I would attribute this to exchange diversification and gox dying (this started all the way back in June 2013). However, if Bitstamp is becoming the biggest and most well respected exchange then it should have more than 20K. Even with exchange diversification , Bitstamp should have at least 50K. In any case, the valuation of the coins is an irrelevant argument.
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I'm suprised there haven't been more of these types of walls all along. They used to be normal, and then disappeared in July. The mtgox orderbook used to have 200K COINS on it during bear markets. Bitstamp currently has only roughly 20K coins. If Bitstamp is becoming the major exchange and then rest of the exchanges are either dying off or being proven to have fake volume, then I should expect bitstamp to be at least somewhat more like mtgox used to be. For example 80K coins on the book might be appropriate.
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