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Author Topic: what to do about 'dat $48.20 wall  (Read 1242 times)
paulie_w (OP)
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March 10, 2013, 01:27:58 AM
 #1

any ideas? Smiley
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mccorvic
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March 10, 2013, 01:29:40 AM
 #2

It'll melt away magically as we get closer.

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March 10, 2013, 01:31:03 AM
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It'll melt away magically as we get closer.

Or get eaten away, what's 500 thousand dollars when you have seen several $5M days already?

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March 10, 2013, 02:16:09 AM
 #4

Pull it and replace with a staircase. Then watch the price climb.

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March 10, 2013, 02:50:02 AM
 #5

What to do about that $48.20 wall?

LUNCH!!!

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March 10, 2013, 09:39:53 AM
 #6

It is evacuated to 49.98 - looks like it's a fake.
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March 10, 2013, 10:38:24 AM
 #7

It is evacuated to 49.98 - looks like it's a fake.

Well, i'm surprised.


Bro, do you even blockchain?
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zby
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March 10, 2013, 10:48:52 AM
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It is evacuated to 49.98 - looks like it's a fake.

Well, i'm surprised.



I am a bit - there is not much probability that it would be bought in one chunk - and a failed attack would only generate additional profit for the wall keeper as it would bounce deeply.
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March 10, 2013, 01:47:20 PM
Last edit: March 10, 2013, 02:04:17 PM by BitcoinAshley
 #9

Well after pushing close to 50, we retreated back to the low forties for a little while, just hanging out there, biding our time. And of course there was some interesting volatility.
Now we're back up to the late 40s and tomorrow is Monday when a bit of fiat will hit the exchanges.

The wall will be like us eating our wheaties for breakfast Monday morning and we will break $50 this week.

Says me.
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March 10, 2013, 01:53:24 PM
 #10

I don't think this is gonna be an easy wall to jump over. The sheer quantity put on the asks is astonishing. It would take a massive scale of demand (or,most likely, a pull down of the wall by the people who put it up) for the price to even approach 50.

We need 10,760 BTC just to get to 48.60. Come monday the walls might move closer to 50 but we'd need real good news or demand for the wallmasters to let the price run above 50

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March 10, 2013, 01:59:13 PM
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I don't think this is gonna be an easy wall to jump over. The sheer quantity put on the asks is astonishing. It would take a massive scale of demand (or,most likely, a pull down of the wall by the people who put it up) for the price to even approach 50.

We need 10,760 BTC just to get to 48.60. Come monday the walls might move closer to 50 but we'd need real good news or demand for the wallmasters to let the price run above 50



10k wall? pffft. Every one of those days was over 100k BTC volume. The walls just make the slippage less and therefore more attractive for the buyers.

Bro, do you even blockchain?
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