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proudhon
Legendary
 Offline
Activity: 2198
Merit: 1311
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April 18, 2013, 11:27:01 AM |
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Not much trading going on, but we've hit $20M in bids. No shortage of money waiting to buy   Was just about to post that. Wasn't expecting to see that so soon. |
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molecular
Donator
Legendary
Offline
Activity: 2786
Merit: 1023
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April 18, 2013, 12:28:55 PM |
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Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested you mean the banking cartel? |
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y2kcamaross
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April 18, 2013, 12:43:22 PM |
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Gox is down here in central illinois and columbus ohio
edit: the homepage works, it just gives a 502 bad gateway when trying to login
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DougTanner
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April 18, 2013, 01:17:02 PM |
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Morning wall pic. Still where we were 24 hours ago but with massive consolidation.  |
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GreekGeek
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April 18, 2013, 01:31:10 PM |
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Morning wall pic. Still where we were 24 hours ago but with massive consolidation. Don't like those huge walls on the bid side if they get pulled a flash crash is inevitable |
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Richy_T
Legendary
Offline
Activity: 2786
Merit: 2435
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 18, 2013, 01:55:26 PM |
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Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.
True A lot of that is ephemeral too though. People are changing their orders all the time. Once things start moving, you can't count on much. The only way to judge support really is to watch how the price moves. |
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awakening
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April 18, 2013, 02:07:05 PM |
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Don't like those huge walls on the bid side
if they get pulled a flash crash is inevitable
I don't think we are gonna see the 80$ and 70$ walls pulled, at least in the next few days. |
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DougTanner
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April 18, 2013, 02:14:28 PM |
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Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.
True A lot of that is ephemeral too though. People are changing their orders all the time. Once things start moving, you can't count on much. The only way to judge support really is to watch how the price moves. But combined with the bid sum being back on track I think those are strong indicators for buying pressure.  (Although we have a healthier ask sum this time so hopefully the rise will be more gradual) |
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DougTanner
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April 18, 2013, 02:33:03 PM
Last edit: April 18, 2013, 02:44:46 PM by DougTanner |
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Well, something is about to happen, that's for sure. I'm betting on "up" personally.  LOL, not 30 seconds later:  Strong break upwards:  |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 18, 2013, 02:37:33 PM |
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Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.
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San1ty
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April 18, 2013, 02:46:09 PM |
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Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.
Already said it a couple of days ago: Gox leads in volume Bitstamp leads in price I have seen huge volumes on bitstamp recently, I guess ex goxxers looking for shelter. |
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Kazu
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April 18, 2013, 02:48:22 PM |
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A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
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DougTanner
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April 18, 2013, 02:51:46 PM |
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A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
Individual walls are meaningless, but the total sum is a very good indicator of ... something. |
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Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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April 18, 2013, 02:55:11 PM |
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A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
Individual walls are meaningless, but the total sum is a very good indicator of ... something. Bid sum just went higher than 20 mil for the first time. |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 18, 2013, 03:00:55 PM |
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Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.
Already said it a couple of days ago: Gox leads in volume Bitstamp leads in price I have seen huge volumes on bitstamp recently, I guess ex goxxers looking for shelter. A week ago it was cheaper in general, indeed I always found it cheaper till today. But yes, larger volumes showing up which convinced me to move over. |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 18, 2013, 03:15:56 PM |
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So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?
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warpio
Member
Offline
Activity: 110
Merit: 10
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April 18, 2013, 03:18:28 PM |
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So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?
lol from what it looks like to me, there was no crash. there was merely a crazy month-long hyper bubble that popped and barely made a dent in the overall growth trend. |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 18, 2013, 03:21:32 PM |
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So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?
lol from what it looks like to me, there was no crash. there was merely a crazy month-long hyper bubble that popped and barely made a dent in the overall growth trend. I think quite a few people are starting to agree with that assessment. It may very well have been a rather incredible correction. One was needed for sure anyway so perhaps that is all it was in the end. |
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