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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21434087 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (129 posts by 23 users deleted.)
telemaco
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May 22, 2013, 04:33:30 PM
 #10161

first a one month storm in the middle of the ocean, now there is no wind ... what is worse?
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samson
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May 22, 2013, 04:34:09 PM
 #10162

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  Roll Eyes

But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage?  I guess it also would depend on the mind of the trader.   Huh   Kind of like poker, no two people play it the same. 

Not really, in the past people have seen other coins sold cheaper while a wall sits there. Then when we hit it the whole thing is eaten in one go.

Posts like this one spring to mind : https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008
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May 22, 2013, 04:38:23 PM
 #10163

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  Roll Eyes

But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage?  I guess it also would depend on the mind of the trader.   Huh   Kind of like poker, no two people play it the same.  

Not really, in the past people have seen other coins sold cheaper while a wall sits there. Then when we hit it the whole thing is eaten in one go.

Posts like this one spring to mind : https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008

 Grin  Ha!  That's funny as hell and he threw it in their faces too.  Definitely food for thought.  That's actually why I come here, to learn things like that.  That's awesome.  Thanks~
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May 22, 2013, 04:47:32 PM
 #10164

i am going to cut my veins with a spoon if this does not reach 123 at least ...
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May 22, 2013, 04:55:01 PM
 #10165

i am going to cut my veins with a spoon if this does not reach 123 at least ...

Be patient, everything is cool.  We were actually at 123 pretty good all morning.  Bitstamp has remained over 118 since. Now with what Samson just laid out, I see "traps" everywhere....I don't know what to do.   Grin

Edit:  Well...there goes that 500BTC over on Bitstamp.
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May 22, 2013, 05:02:46 PM
 #10166

i am going to cut my veins with a spoon if this does not reach 123 at least ...

Be patient, everything is cool.  We were actually at 123 pretty good all morning.  Bitstamp has remained over 118 since. Now with what Samson just laid out, I see "traps" everywhere....I don't know what to do.   Grin

Edit:  Well...there goes that 500BTC over on Bitstamp.

ok i feel better now. what a hell of a ride. I am going to place a stop loss at 122.3 though
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May 22, 2013, 05:03:04 PM
 #10167

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May 22, 2013, 05:04:23 PM
 #10168

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?
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May 22, 2013, 05:06:33 PM
 #10169

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

Yeah and another 200+ just got eaten.  My Bitcoinity sounds like a freaking woodpecker over here.   Tongue  We're pushing 119 now. 
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May 22, 2013, 05:08:30 PM
 #10170

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again  Cheesy
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May 22, 2013, 05:14:23 PM
 #10171

By the way, 119 @Bitstamp is highest high since 10. march.

H4:

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May 22, 2013, 05:15:06 PM
 #10172

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again  Cheesy

It was at $266.
When is this considered a buying opportunity?  Cheesy
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May 22, 2013, 05:23:18 PM
 #10173

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

leverage? not sure that is for me. I have a lot to learn yet and a special ability to sell low and buy high.
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May 22, 2013, 05:23:38 PM
 #10174

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again  Cheesy

It was at $266.
When is this considered a buying opportunity?  Cheesy

I bought some at $80 but that is way higher than I paid for most of my Bitcoins and way higher than it was only a few short months ago. Give it some time Smiley
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May 22, 2013, 05:23:48 PM
 #10175

Funny how suddenly the Bitstamp wall is more interesting to follow than the MtGox wall. Tongue
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May 22, 2013, 05:30:49 PM
 #10176

Funny how suddenly the Bitstamp wall is more interesting to follow than the MtGox wall. Tongue

I know right.  Fiends for action.   Shocked

Hopefully it's a sign of the times.  It is good for Bitcoin if Gox loses it's dominance. 
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May 22, 2013, 05:33:57 PM
 #10177

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again  Cheesy

because lots of us have that idea, it will never crash to the levels  you wish - unless bitcoin fundamentals
are done with.
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May 22, 2013, 05:34:54 PM
 #10178

leverage? not sure that is for me. I have a lot to learn yet and a special ability to sell low and buy high.

You said you use a stop-loss. I was indirect asking: where do you trade and put a stop loss. Smiley
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May 22, 2013, 05:35:05 PM
 #10179

I couldn't help notice the following statement: "I could careless what people on these boards think"

1st observation: it's care less not careless
2nd observation: if you don't care what people think, then why are you posting on a forum? I mean, it's not like you're here to people watch... :/

just saying...

An observation

If you're going to be a pedant at least get it right ...

Its 'I couldn't care less'

2nd 'observation' of yours makes no sense to me ... people have a multitiude of reasons for reading and posting on forums

Just saying  Grin
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May 22, 2013, 05:36:52 PM
 #10180

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again  Cheesy

It was at $266.
When is this considered a buying opportunity?  Cheesy

I bought some at $80 but that is way higher than I paid for most of my Bitcoins and way higher than it was only a few short months ago. Give it some time Smiley

I got a few more at 80 too, not as much as i should have
I always make the same mistake, i never send enough funds!
 Cheesy
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