Isn't this assuming the price is going down?
I was going to put a low of $200.16. Maybe I didn't read the question right. :p |
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The market has absorbed all the recent investment and news, so the next 3 months may well be like the last three months of 2012. A gentle track with an upward bias, depending upon the success of the v0.8.1 deadline, and the conference this month too.
I have no idea where the Bitcoin market is going, but I'm pretty sure it's not going to be gentle. |
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what do you mean Coinageddon?
is this the day all bears committed suicide at together? It's a mix of Y2K and the Mayan calendar predicting the world will end in 2012. Except Coinageddon is real. |
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Couple of market sells. Someone wants some fiat. Ask wall getting tired of waiting.
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I can see dry paint.
Does anyone have any theory as to why we've stopped at 112-114?
Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being. I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118. The volume is almost half of what it was during the weekend though. Who is in a rush to drop half a million on bitcoins? Let them coin dump and fill your bids you end up with more coins. A lot of those coins were bought 98-110 and tossed up from 110-120. No one is in a rush to pay them off. No one wants to hold so its slow going up ATM. If I'm looking to buy in right now I'm waiting for a drop. Based on the last few weeks those come around a fair bit.  |
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I can see dry paint.
Does anyone have any theory as to why we've stopped at 112-114?
Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being. |
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Are we pretending more than 10% of the buy "support" under $100 is real? If so, why?
Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows. And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place? Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first. |
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Gentlemen, brace yourselves.
Based on the charts that are posted we go through that point every 4 hours. We'll be fine.  I apologize, I wouldn't want to disturb the total lack of action in this thread. Gosh I'm here just for the charts with lines. By all means keep them coming.  Edit: Also 14k BTC until $120, still really steep for $6. Bids are starting to pile up but I think we hover around here for the next while. |
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Gentlemen, brace yourselves.
Based on the charts that are posted we go through that point every 4 hours. We'll be fine. |
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Interesting quote,"I think Bitcoin is Rat Poison".
I agree. The banks are the Rats.
The full quote is even funnier. Gotta love when people admit they have no clue but still go on to share their opinion. Interviewer: Do you understand what they're trying to do with it? Charlie Munger: No. Interviewer: What do you think of it? Charlie Munger: I think it's rat poison. |
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The now known to be fake tasty ask wall at $115 vanished just as trades approached it.
FTFY |
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Vanishing walls
It was eaten. Not pulled. |
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808 coin purchase just went thru!
that was way more then 800 Buy $400,000 worth of Bitcoins. Take the rest of the day off. Must be nice. |
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Way too many asks to move much higher. 20k asks from $114-$120. I'd be surprised to see $2.5M in buys plowing through that. Very little consolidation so I don't think it's mostly fake. Everyone who bought from $100-$110 just threw the coins back up for sale from $110-$120.
Bid side is pretty weak. 5k dump gets you from $114 to $108. 5k buy gets you $114 to $116.
So if you're planning to make some money today, hell of a lot easier to push the market down to $105 then to rally the price up. A lot of those asks probably start dumping once the price slides. Going to have to go down before we go up, way way way too much resistance.
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personally I'm not too interested in peoples life/trading plans being detailed on the wall movement tracker thread...
I also think quitting your job to trade bitcoin is pretty ridiculous - unless your were a successful trader before perhaps - but then why would you need to quit your job...
Of all the bullshit that gets posted on this thread, someone explaining they're trying to make 3-4% a day trading, discussing price points they got into BTC, what price they're holding at now, their trading goals, is probably in the top 10% in terms of meaningful posts. You disagree with the notion someone can make a living day trading BTC, so you're having a snarky response to even the discussion of it. Someone asked him, he answered. If the topic upsets you, stop quoting/talking about it. People pop in with this "ZOMG I NEEDZ WALL TALK! TELL ME WHAT TO DO! TELL ME TO BUY OR SELL PLZ!!". Sometimes there's not much going on. A variety of topics gets discussed, it's a forum, people post stuff, if this upsets you it's time for a break, mmkay? |
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Good luck, wish I was in your position! I don't want to do the demoralizer here, but i think that what you aim for is impossible. First of all, you should try to maximize your profits. If you don't do so, you will have burnt 10 days of lucky work with a single loss of 30% (that will certanly happen to you, sooner or later). Yes 3-4% gains every single day for 100+ straight days is impossible. You'd be a millionaire by Christmas. However it's not impossible to earn a living day trading BTC. It's hard. It's not stable. There will be some very tough weeks. But it's hardly impossible. Some would argue it's easier to day trade BTC then people day trading any other stock/market. It's much easier to spot manipulation in this market, which makes it easier to follow the manipulation up and down to make money. On the DJIA there's still manipulation, big money has an advantage, it's just harder to see it coming and you end up getting run over far more then you do here. BTC volatility is also great for day trading. It's just the whole "Gox bank accounts/servers get seized/frozen and BTC is set back two years and likely crash to $2" that's the scary part. Other than that it's the wild west of opportunity.  |
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A hero has stepped forward on team green (or maybe everyone else just stepped back). Fireworks soon?
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lol, I hope not! I am making mistakes, yes, and I know it - but every one I do, I learn from. Not too well, I know, but I am learning. I too, want a pink Rolls Royce one of these days Very impressed by your determination and honesty. A lot of BS fills this sub-forum it's cool to hear from a regular guy trying to make some money. Don't worry about not being an expert, no one really has a clue where BTC is going. The more you trade, the more you watch, you do get a feel for it. Opportunities come all the time. Don't force it if you just miss one. Consider making a thread logging your journey, trades, ups and downs. It's interesting and can be helpful for you and people might have wisdom to share. |
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Look at the bubbles! I'm concerned!     
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Almost no walls, price not diving nor sky rocketing for very long periods of time...
ATM this thread has no walls to track. This is cool, speculators might be heading up to other commodity.
We do however need more btc adoption in order to make it a good asset with some more stability than what it has now.
Could it possible cool its bursts and booms ans set with a growth of, say, 10%/month? That would be roughly a 2x fold by the end of the year. I for one would be happy with such outcome.
No walls? 1k at 110. 5k to 115, 15k to 120. They're not consolidated but there's a fuck load of asks out there between 110-120. For a $10 span it's well above average. |
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