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Walsoraj
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August 30, 2013, 09:12:50 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please  Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. You are completely wrong about the "whole lot of nothing and suddenly big buy." That bullshit started after the crash. Prior, there was constant floods of buy/sells and fiat flowed into gox equally strong. |
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Wekkel
Legendary
 Offline
Activity: 3108
Merit: 1531
yes
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August 30, 2013, 09:21:20 PM |
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Then it will be interesting to see what happens the next 2 months.
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MAbtc
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August 30, 2013, 09:23:33 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. |
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Walsoraj
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August 30, 2013, 09:26:47 PM |
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Then it will be interesting to see what happens the next 2 months.
You better pray volume doesn't pick up. That simply means fiat leaving the system faster. THEN CRAASHHHH  |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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August 30, 2013, 09:29:02 PM |
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I suppose that someone were trying to buy quietly like twins did last year, but they could not get enough coin by normal limit order. As soon as a bid wall raised, the ask wall will raise too, resulting poor excute price. The only way to buy a lot of coin is to suddenly eat up all the ask walls above. This is the same as people selling stocks in a very illiquid market, to sell enough amount of stock, you must sell as quick as possible so that the buyers don't have a chance to run away
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 09:29:26 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen.  |
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bitcodo
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August 30, 2013, 09:29:33 PM |
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 bid sum/ask sum WOW |
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Walsoraj
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August 30, 2013, 09:31:10 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and the bitcoin economy entirely. Your chart and Bitstamp's depth actually supports my theory. Thanks. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 09:32:33 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks. bitstamps is 23% of the market quit being wrong |
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Walsoraj
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August 30, 2013, 09:33:16 PM |
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bid sum/ask sum WOW
This does not illustrate demand. This shows how terrified people are of fiat on gox. They aren't moving coins to sell, despite the bid premium they could have. GEE I WONDER WHY! |
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Walsoraj
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August 30, 2013, 09:33:59 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks. bitstamps is 23% of the market quit being wrong On certain days... Why is the bid depth so pathetic compared to gox? How do you explain that one? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 09:37:49 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks. bitstamps is 23% of the market quit being wrong On certain days... Why is the bid depth so pathetic compared to gox? How do you explain that one? you are delusional ? or maybe its me  |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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August 30, 2013, 09:40:37 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Lying does not help your case. Since the price was only ~130 for a short while during the run up, I did 2 weeks until the 9th [10th/11th screwed up volume chart legibility.. for obvious reasons] and 2 weeks until today. Both @ 6hr intervals. Clear differences.   |
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MAbtc
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August 30, 2013, 09:44:24 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen.  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 09:46:06 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. ya mtgox had more market share back them they have been losing market share ever since may. |
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Walsoraj
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August 30, 2013, 09:47:33 PM |
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guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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August 30, 2013, 09:49:27 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. So you're saying that trading volume on MtGox has gone down since April? Gosh who would have thought that after all the Gox screw ups since then? This is really big news to us all... |
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Walsoraj
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August 30, 2013, 09:52:00 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. So you're saying that trading volume on MtGox has gone down since April? Gosh who would have thought that after all the Gox screw ups since then? This is really big news to us all... Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 09:52:31 PM |
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guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
want me to make a poll?  |
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Walsoraj
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August 30, 2013, 09:55:56 PM |
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guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
want me to make a poll? In the official bitcoin forums, filled with irrational turbo-bulls? No thx |
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Poll
