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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496304 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. (158 posts by 14 users with 9 merit deleted.)
Frozenlock
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April 30, 2013, 03:22:34 PM
 #2361

I don't think it's a DDOS...
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April 30, 2013, 03:22:45 PM
 #2362

whoever sold....LAWL! SO FAIL! HAHAHA!  Tongue
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April 30, 2013, 03:22:50 PM
 #2363

I still don't understand that dump. We were heading for 150.

Don't try to understand it. Just children playin' with their daddy's money.  Prepare for bear tears soon.
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April 30, 2013, 03:23:33 PM
 #2364

Maybe it was INABA: https://bitcointalk.org/index.php?topic=191600.0  Cheesy
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April 30, 2013, 03:27:28 PM
 #2365

whoever sold....LAWL! SO FAIL! HAHAHA!  Tongue

I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale.

What's to laugh about ?

I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me.
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April 30, 2013, 03:30:09 PM
 #2366

whoever sold....LAWL! SO FAIL! HAHAHA!  Tongue

I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale.

What's to laugh about ?

I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me.


When you sell there isn't always a guarantee you get to buy cheaper. lol
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April 30, 2013, 03:32:06 PM
 #2367

I don't think it's a DDOS...

You really see so many trades to lag the engine? I see a ridiculous amount of trades. If that lags their engine... Wow.
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April 30, 2013, 03:36:20 PM
 #2368

I think $137.5 will likely hold. If not, it is just more coins to the strong hands, and the runup will be that faster..

The cup is now quite tilted to the downside. Expect immediate bounce to about $141.
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April 30, 2013, 03:39:32 PM
 #2369

This is a correction cause the supposed influx of new money has not been consequent !
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April 30, 2013, 03:41:15 PM
 #2370

Has anyone tried to analyze what these short down moves are trying to accomplish?  It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.
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April 30, 2013, 03:42:32 PM
 #2371

All I see are weak hands that will buy back higher or go home.  Tongue
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April 30, 2013, 03:42:59 PM
 #2372

Trying to accomplish? Nothing, people are selling...
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April 30, 2013, 03:45:58 PM
 #2373

Many bought in anticipation of a rally on Tuesday which never came hence the selling pressure.
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April 30, 2013, 03:46:54 PM
 #2374

Has anyone tried to analyze what these short down moves are trying to accomplish?  It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.

Either profit-taking - which is the case for buyers after April 12, or stop loss - which is the case for buyers above current prices. In the first case, the motive is to realize a gain in dollars. In the second case the motive is to prevent further losses. I do not impute a manipulation motive where greed and fear are sufficient.
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April 30, 2013, 03:48:35 PM
 #2375

Has anyone tried to analyze what these short down moves are trying to accomplish?  It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.

Either profit-taking - which is the case for buyers after April 12, or stop loss - which is the case for buyers above current prices. In the first case, the motive is to realize a gain in dollars. In the second case the motive is to prevent further losses. I do not impute a manipulation motive where greed and fear are sufficient.

Well said, I think I am getting it. Thanks
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April 30, 2013, 03:50:59 PM
 #2376

Trying to accomplish? Nothing, people are selling...

I'm skeptical that a 5k market order to sell is the best way to get the most money for your 5k coins. It's also odd to see fairly large asks walls pop up right at the bottom of the drop.
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April 30, 2013, 03:51:43 PM
 #2377

Many bought in anticipation of a rally on Tuesday which never came hence the selling pressure.

probably..
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April 30, 2013, 03:52:05 PM
 #2378

whoever sold....LAWL! SO FAIL! HAHAHA!  Tongue

I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale.

What's to laugh about ?

I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me.


When you sell there isn't always a guarantee you get to buy cheaper. lol

But there is a guarantee that smoothie will laugh at you  Tongue
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April 30, 2013, 03:52:20 PM
 #2379

Trying to accomplish? Nothing, people are selling...

LOL keep telling yourself that when we are at $150+ by week's end.

Oh and by the way...you should sell now and buy back in higher. Thanks  Tongue
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April 30, 2013, 03:57:10 PM
 #2380

Trying to accomplish? Nothing, people are selling...

I'm skeptical that a 5k market order to sell is the best way to get the most money for your 5k coins. It's also odd to see fairly large asks walls pop up right at the bottom of the drop.

Agreed, I asked that question some days ago. There appears to be a significant amount of large-order trading that is sub-optimal, in that certain alternative tactics may be better: a limit order lets the other side come to you with no slippage, or a big order should be sliced up and targeted at select counter offers over a period of time - and program trading can automate that too.
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