1K bidwall at 120 just went up.
Yum.
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Only 48k coins left on the Ask book on gox according to clarkmoody?
Lots of panic buying to move wealth out of the place...
this. people fed up with mtux not getting his shit together and leaving for good, taking the price higher and higher in the process. other exchanges follow with a lag. this could ignite quite a rally we can then "thank" magicaltux for. Its 60k, but yes, its still pretty incredible.
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Wall to $100 was 30k BTC this morning, 45k BTC now, are all the new 1k walls the same guy?
Almost certainly yes, and probably the guy who made the purchase that brought us up in the first place
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what is the effect of this kind of bid-ask swapping?
I'm not sure it could either be just a really stupid bot with alot of coins or some kind of DOS. It basically keeps the bid sum / ask sum ratio the same while filling the orderbook with "fake" orders. Let's say the market starts trending down, which means people are creating more ask orders than bid orders, now everytime someone places an ask order, i remove the same amount of coins from the ask side. This would cause the orderbook to keep looking bullish while in fact it's quite bearish. Or I could do the opposite and create fake orders everytime someone removes an ask order, the orderbook would look the same while in fact it's pretty thin on the ask side.. If i'd want to do a whale buy I could pull all my fake ask orders and I'd just have to buy the little rest of "real" ask orders. This would require alot of coins though and I'm still not sure if I believe there's someone messing around with >$3m. Impossible, because the price points are the same. To maintain the bid sum, you would never be able to have the exact same bid price as the person adding their own bid there. Also, I dont see anything odd at all in chartbuddy. Bitcoinity is its typical terrible self and showing things that arent happening as happening in its chart. Its been doing that for weeks [Constant Add/Removal of walls]. Almost every time, it never happened.
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OK, so I see a bid of say 110.7
Then, someone steps in a places a bid at 111.7
Not, 110.70001...NO! It must be 111.7...a full $ higher.
So, who's trying to push the price up? Why? And for how long?
It's called panic buying. It's either bozos or manipulators. This much is true. If its a big wall, its manipulation or panic. If its small guys, its stupidity. [If you are buying 4 coins, you will spend what - a dollar more for market order rather than offering the lowest likely to be filled bid? And since someone like that picks something pennies away from the lowest asks, they save much less than a dollar, while still risking the potential for a whale buy. Stupid.
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Yep, not as good as the single 15k sell at 90 before that though
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Not really, but I dont think down either. Im just clueless Mid term I think up for sure, but long term down.
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Wow, crazy bid/ask sum changes. 14m USD bids, we meet again This rally aint real til 100k to 60. Only 98k! WEAK!
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Mr. BittBurger, what you've just said is one of the most insanely idiotic things I have ever read. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this thread is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
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Whats up with the bid sum spike? I dont see any megawalls me neither... there's a 9k wall at 90 which I don't remember whether or not was already there. But where'd the rest go, that's a 20k jump. I watch the amount of coins needed to go down to $80 and as the price was sliding yesterday it dropped to around 44k coins, then it suddenly jumped to the 60k mark, so a good 16k+ coins appeared all at the same time basically. From my watching, $90 used to be about 5k and went up to 12k and a 1k wall became 5k at $91, so about 11k coins went on $91 and $90. At the time we were only about 2-3k coins down to $100 so most of the rest went to bulk up the $100 wall by about 3k and the last 1-2k went on $101 and $102. That's pretty much all of it accounted for, but we did slowly slide down from 60k coins to $80 down to 44k, then suddenly back to 60k in an instant, so it's down to 1 person i'd say. its 44k righht now and still 13mill bids??? Weird. EDIT: Nevermind, 44k to $90, not $80! That explains it quite well then, the cash is on 90. I thought maybe the dozen "500" walls in the low 90s were the source. I dont remember the smooth glide in depth charts. That spike never receded, so 1.5Mill USD came on the orderbook at once, and it cant be found with any degree of certainty. lol.
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Whats up with the bid sum spike? I dont see any megawalls
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Wednesday, August 22, 2013 $124
You do not believe we will touch 99? hmmm, its a good possibility, if we don't break below 100 today, i'd say the mid term looks crazy bullish. if we do break 100 today, mid term will still be bullish this dump is what the market had been waiting for, the more coins we can get here the better, soon we will climb a little higher and wait for more dumbass bears to sell coins. What worries me for example is that there are people like the guy who accidentally posted an mtgox screenshot with almost 13000 in BTC (1 million 300k USD (1300000 USD)) and 40k USD funds (which is 4k BTC at current price). And 14 open orders, so this is money that is actively used. Thats a 30:1 ratio of BTC to USD which means that his BTC exposure is REALLY high, I don't think he will be buying more anytime soon. And if he decided to sell, he would bring us down to 94. He alone, the panic that would follow obviously would bring us further down. What picture is this??? Also 40k USD is only 400 coins
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Seriously, if chartbuddy cant pull data for all points consistently, it has zero value. Its had missing points [and a lot of them] lately. Please feel free to forward your complaints to MtGox for unless their API actually supplies the points, ChartBuddy has no way of obtaining them by telepathy. There was a gap yesterday. The storms had knocked out power. ChartBuddy is on a UPS but when the internet is out, again, no telepathy. Large gaps arent a big deal. Its the small ones that make a potentially useful chart useless. Cant it try to poll a set again, if the first one failed, a few seconds later?
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Seriously, if chartbuddy cant pull data for all points consistently, it has zero value. Its had missing points [and a lot of them] lately.
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As always, as soon as things start moving, MtGox gains a lot more volume than Bitstamp, easily twice as much.
Thats because it has more depth and whales still go there. Bistamp is more representative of small/medium players. I hate to see Gox go because of how their stupidity causes market action, but.. its well deserved. 24hr volume, Gox only leading by 70%
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Is this the part where we go, "STABLE AT LAST!!!" ?
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I got all excited about a page 1403 and it was just someone complaining about a lack of posting activity.
FML
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4 minutes, well here we go Six minute.
Eh, this has happened before, and it never ended up causing any panic. Now, if a whale sold right now, and Gox didnt fix the lag.. well... I think it caused a bit of panic on the 10th of April. Long time ago with a lot more lag [in the hours]
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4 minutes, well here we go Six minute.
Eh, this has happened before, and it never ended up causing any panic. Now, if a whale sold right now, and Gox didnt fix the lag.. well...
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only 14k to 100. Down from 21k. Whats happening ?
Nothing yet, just a big chunk of the $105 wall got pulled. volume suggests like it was sold into. Heh, no, about 8k of bids are gone. No where near that much selling.
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