samson
Legendary
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Activity: 2097
Merit: 1070
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August 27, 2013, 11:03:14 AM |
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Lift-off commencing!  This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. |
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VolanicEruptor
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August 27, 2013, 11:05:28 AM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.  |
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Ray Anastasio
Newbie
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Activity: 40
Merit: 0
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August 27, 2013, 11:13:45 AM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130. |
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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August 27, 2013, 11:24:51 AM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130. It looks like a stalemate situation for now then. I know I'm not buying anything at this price. |
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barbs
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August 27, 2013, 11:39:40 AM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130. It looks like a stalemate situation for now then. I know I'm not buying anything at this price. this is what is making me nervous too about the price. I love bitcoin but this is clearly manipulation of the price and has been for some time now. I suppose those of you with the balls to take the risk do deserve the reward  |
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JimboToronto
Legendary
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Activity: 4018
Merit: 4505
You're never too old to think young.
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August 27, 2013, 11:44:18 AM |
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Damn. Went to bed early to catch up on sleep after a weekend of partying to find I missed what we'd all been waiting for.
After several days of absence, our hoarder whale friends returned with a vengeance. Nice to see the big bidwall following the giant buy.
Seems whoever called the possibility of a hammer was spot on. Was last week's 125 askwall owned by the same people?
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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August 27, 2013, 11:45:37 AM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130. It looks like a stalemate situation for now then. I know I'm not buying anything at this price. this is what is making me nervous too about the price. I love bitcoin but this is clearly manipulation of the price and has been for some time now. I suppose those of you with the balls to take the risk do deserve the reward The price on BTCe is $114.59 |
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JimboToronto
Legendary
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Activity: 4018
Merit: 4505
You're never too old to think young.
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August 27, 2013, 11:48:22 AM |
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That's why TA is more or less useless. Market volume and liquidity is not nearly large enough to make it meaningful.
Bingo. |
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bitcryptonit
Member
Offline
Activity: 93
Merit: 10
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August 27, 2013, 11:50:24 AM |
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soon there might be no bitcoins for sale
ive seen that before.. and thats when the bubble crashed now is slightly different situation, people don't fear bubbles any more because they cant kill bitcoin and price will recover anyway. there will be volatility but me thinks we are going up faster and faster. |
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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August 27, 2013, 12:01:03 PM |
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soon there might be no bitcoins for sale
ive seen that before.. and thats when the bubble crashed now is slightly different situation, people don't fear bubbles any more because they cant kill bitcoin and price will recover anyway. there will be volatility but me thinks we are going up faster and faster. "people don't fear bubbles any more" Well, if you said it, it must be true. |
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xxjs
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August 27, 2013, 12:08:38 PM |
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Could it be ... gosh .. end of the world ... someone who wanted 10K coins?
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samson
Legendary
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Activity: 2097
Merit: 1070
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August 27, 2013, 12:09:03 PM |
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Could it be ... gosh .. end of the world ... someone who wanted 10K coins?
Not a chance. |
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JimboToronto
Legendary
Offline
Activity: 4018
Merit: 4505
You're never too old to think young.
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August 27, 2013, 12:31:00 PM |
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Could it be ... gosh .. end of the world ... someone who wanted 10K coins?
Not a chance. True. They wanted much more than 10k. This was just a single day's acquisition, albeit a big one. It cost considerably more than the 11k buy on July 28. It looks like somebody's amassing quite the BTC holding. Who though? Could be anyone from a large corporation like Paypal to small but wealthy long-term investors like the Wankervoss twins. It's probably not day-traders. |
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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August 27, 2013, 12:32:09 PM |
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Lift-off commencing! This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127. The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price. Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126. 4 million dollar buy is artificial. right.  |
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ManBearPig
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August 27, 2013, 12:54:16 PM |
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I still maintain that Bitcoin's next spike won't take two years to come around. Buy and hold now for a VERY merry Xmas I too am fascinated by conspiracy theories and have even been known to fashion headwear from pressed aluminium. But hey, it could just be that people want a lot of BTC because they believe in it or at least think it's going up in value a lot in a short space of time. But what role does Occam's Razor have in this market?  |
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 27, 2013, 01:02:21 PM |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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August 27, 2013, 01:28:55 PM |
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Hey MBP, do you have an updated chart perchance? I loved your take on things.
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Richy_T
Legendary
Offline
Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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August 27, 2013, 01:47:29 PM |
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If ChartBuddy was a little more innovative, every 1 out of 100 charts would be a 100-frame animated version..
I think that would be cool and not very hard to do. Ant not very practical Not terribly tricky actually. I'm pretty familiar with all the tools needed. |
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xxjs
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August 27, 2013, 01:53:47 PM |
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But what role does Occam's Razor have in this market? Attach a formula to it, like the double derivative of sin(), through it to the even-toed ungulates, and see what happens. |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 27, 2013, 01:59:16 PM |
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Where the hell is the 180 I was promised?
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