Bitcoin Forum
December 08, 2016, 08:20:08 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: price stagnation  (Read 5957 times)
paulie_w
Sr. Member
****
Offline Offline

Activity: 420


View Profile
June 10, 2011, 11:46:48 AM
 #21

iirc theres ~13000BTC BID @ ~22

Yes, massive order @ 22. The cynic inside me thinks that the fact it isn't a dark pool means its' deliberately there to prop up the price.

do you mean prop down the price? how does this work exactly?
1481228408
Hero Member
*
Offline Offline

Posts: 1481228408

View Profile Personal Message (Offline)

Ignore
1481228408
Reply with quote  #2

1481228408
Report to moderator
1481228408
Hero Member
*
Offline Offline

Posts: 1481228408

View Profile Personal Message (Offline)

Ignore
1481228408
Reply with quote  #2

1481228408
Report to moderator
1481228408
Hero Member
*
Offline Offline

Posts: 1481228408

View Profile Personal Message (Offline)

Ignore
1481228408
Reply with quote  #2

1481228408
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481228408
Hero Member
*
Offline Offline

Posts: 1481228408

View Profile Personal Message (Offline)

Ignore
1481228408
Reply with quote  #2

1481228408
Report to moderator
1481228408
Hero Member
*
Offline Offline

Posts: 1481228408

View Profile Personal Message (Offline)

Ignore
1481228408
Reply with quote  #2

1481228408
Report to moderator
piuk
Hero Member
*****
Offline Offline

Activity: 910



View Profile WWW
June 10, 2011, 12:05:45 PM
 #22

do you mean prop down the price? how does this work exactly?

If the buyer has no intention of actually going through with the order it creates the illusion that there is more demand than there actually is.

For example say i have some coins and i'm watching the price drift down a bit today, I can look at the order book and i know that if the worst comes to the worst there will be a buyer at @ 22. It makes the market more confident.

If the buyer really wanted to buy up a lot of cheap coins it doesn't make any sense for him not to trade in a dark pool (order hidden from the public). However if he also has coins to sell then he can try and keep the price high, with the fake buy, while he gets rid of them.

If you were looking to sell your coins, which one looks better?



** This is all just speculation, it's probably a perfectly legitimate order.

2weiX
Legendary
*
Offline Offline

Activity: 1638


View Profile
June 10, 2011, 12:07:28 PM
 #23

iirc theres ~13000BTC BID @ ~22

Yes, massive order @ 22. The cynic inside me thinks that the fact it isn't a dark pool means its' deliberately there to prop up the price.

do you mean prop down the price? how does this work exactly?

well, just put a big-ass buy order in the market, low enough that it won't get hit, but big enough that it will "support" the market.
this works usually like so: people think that with that bigass order @22, the BTC will NEVAR EVAR go below that price since noone would be selling THAT MANY BTCs at ONCE, and start putting their buy orders at 22.1, then 22.2 etc etc to "catch the low point".

in case it DOES go to 22, they think they can quickly dump their BTCs @22 to the bigass buyer. so the risk is like 1% (they THINK).

so while the manipulator never needs to buy @22, he can easily sell at 25 or so.

ElectricMonk
Jr. Member
*
Offline Offline

Activity: 52


View Profile
June 10, 2011, 12:49:41 PM
 #24

Would be good to see a market for short selling developing. That would give greater price stability.

PS. Love the tidal wave pic. I LOL'd for real.
stic.man
Full Member
***
Offline Offline

Activity: 168


View Profile
June 10, 2011, 12:56:25 PM
 #25

reminder, we are up like 40% since the weekend.

That's pretty damn good
chiropteran
Sr. Member
****
Offline Offline

Activity: 348



View Profile WWW
June 10, 2011, 01:00:46 PM
 #26

reminder, we are up like 40% since the weekend.

That's pretty damn good

Previous week we saw 62% growth vs USD.  This week, even with the "dip" today, we are still way ahead of 62% increase. 62% would be $22.35, so unless we drop another $5 it's still consistently high growth.

NO_SLAVE
Jr. Member
*
Offline Offline

Activity: 56


DEBT IS SLAVERY


View Profile
June 10, 2011, 01:41:15 PM
 #27

The price is flat because the flow of fund into mtgox has been stopped for upgrades.
I imagine a big up or down day when things resolve. 10 days my money has been in limbo.
stic.man
Full Member
***
Offline Offline

Activity: 168


View Profile
June 10, 2011, 01:58:29 PM
 #28

The price is flat because the flow of fund into mtgox has been stopped for upgrades.
I imagine a big up or down day when things resolve. 10 days my money has been in limbo.

jesus, we could be seeing some record breaking volume shortly, either up or down, probably up first though.

There is quite the logjam at $30 though, need some kind soul to drop 6 figures in real quick haha
istar
Hero Member
*****
Offline Offline

Activity: 524


View Profile
June 10, 2011, 02:06:45 PM
 #29

Its also right between two salary and summer.

People trade/buy more once they get pay and during autumn.



Bitcoins - Because we should not pay to use our money
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 10, 2011, 03:02:04 PM
 #30

Does anyone think this stagnation is due to resent SilkRoad news outbreak?
bitcoinaccountant
Newbie
*
Offline Offline

Activity: 9


View Profile
June 10, 2011, 03:18:14 PM
 #31

Look at the volume going through MTGox.  It's clearly an issue with funds being backed up which are trying to flow in to MTGox.  You've seen the threads all over these boards.  Once they get hooked in to Dwolla properly again, you'll see another day like the rush from 19 in to the mid 20s at a minimum.  So many people tried to get funds in before the rush to 30 that have just been waiting to get in now that they see how real the interest is in Bitcoins.

Exactly.  Tons of people seem unable to get their money into Mt Gox to trade.  Look at some other places where people are able to buy bitcoins easier, such as ebay, where they are selling for ~$40+ each.

Whether bitcoins are successful long term or not is debatable, but it seems clear that there is at least a large amount of pent-up demand at MtGox waiting to buy bitcoins.  Certainly this bodes well for the short term prospects of bitcoins.

1C9gGucL4xu9dgDaUSZVE2PC7bkHtpeqSa
Nesetalis
Sr. Member
****
Offline Offline

Activity: 420



View Profile
June 10, 2011, 03:33:48 PM
 #32

109 just sold in the span of 10 seconds on virwox.. i was happy.. sold for equivlant of about 25$ USD and hopefully this weekend it will climb back up :3

ZOMG Moo!
Adam
Member
**
Offline Offline

Activity: 84


View Profile
June 10, 2011, 04:14:16 PM
 #33

I wonder how many of the old timers are finally starting to cash in their bitcoins.  Would it be possible to match the sales data to block explorer data, or does the fact that they are intra-wallet transactions stop you from doing it?

kjj
Legendary
*
Offline Offline

Activity: 1302



View Profile
June 10, 2011, 04:19:04 PM
 #34

I wonder how many of the old timers are finally starting to cash in their bitcoins.  Would it be possible to match the sales data to block explorer data, or does the fact that they are intra-wallet transactions stop you from doing it?

It would be pretty hard to do, particularly if you don't already know either of the endpoints.

You could get mtgox to send you a bitcoin, then track that transaction backwards to see where it came from, and follow the chains forward and backward at each point.  But the more links you have to follow, the less sure you are of who owns the address you are looking at.

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
I routinely ignore posters with paid advertising in their sigs.  You should too.
piuk
Hero Member
*****
Offline Offline

Activity: 910



View Profile WWW
June 10, 2011, 05:25:53 PM
 #35

Quote
Look at some other places where people are able to buy bitcoins easier, such as ebay, where they are selling for ~$40+ each.

A fool and his money are easily parted.

Everybody stop buying for a bit, I just want to know if that order @ 22 is real or not Smiley

Mboy
Newbie
*
Offline Offline

Activity: 7


View Profile
June 10, 2011, 05:42:04 PM
 #36

I just want to know if that order @ 22 is real or not Smiley

I would guess that Mtgox only accept orders, which are properly covered by USD on the account.
jerfelix
Sr. Member
****
Offline Offline

Activity: 266


View Profile
June 10, 2011, 05:48:47 PM
 #37

$51/BTC  A record?

http://cgi.ebay.com/5-Bitcoin-BTC-Bitcoins-/320710734019?pt=LH_DefaultDomain_0&hash=item4aabd970c3

I would guess that Mtgox only accept orders, which are properly covered by USD on the account.
yes, but orders can be cancelled at the last minute.
piuk
Hero Member
*****
Offline Offline

Activity: 910



View Profile WWW
June 10, 2011, 06:06:45 PM
 #38



As i thought, it disappeared from the order book as soon as it looks like it might get filled (or at least halved in size).



Clipse
Hero Member
*****
Offline Offline

Activity: 504


View Profile
June 10, 2011, 08:26:04 PM
 #39

Well thats an issue with how mtgox work, could suck for rest of us who doesnt try and fuck around. sigh

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
piuk
Hero Member
*****
Offline Offline

Activity: 910



View Profile WWW
June 11, 2011, 09:54:13 AM
 #40

2,935 BTC order @ 20 today. Place your bets, is it real or not?

Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!