byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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October 21, 2013, 12:57:58 AM |
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Time to take a shot at 200 imo.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 01:02:05 AM |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 21, 2013, 01:06:32 AM |
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Well the orderbook looks a lot better now that the one guy staggered 1.5mill in bids from 165 - 175. Weird that anyone still has that kind of money on Gox.
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Dhuum
Newbie
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Activity: 47
Merit: 0
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October 21, 2013, 01:39:34 AM |
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c'mon 200!!
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arklan
Legendary
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Activity: 1778
Merit: 1008
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October 21, 2013, 01:40:34 AM |
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c'mon 200!!
Gonna take a bit too bust 190... |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 02:02:08 AM |
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DougTanner
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October 21, 2013, 02:33:23 AM |
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China's going a bit crazy.   |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 03:01:58 AM |
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bobdude17
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October 21, 2013, 03:31:57 AM |
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China's going a bit crazy. Confirmed. China's going crazy. |
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Sitarow
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Activity: 1792
Merit: 1047
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October 21, 2013, 03:32:28 AM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 04:02:05 AM |
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bobdude17
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October 21, 2013, 04:47:45 AM |
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189 just got eaten up. Definitely Chinese driven
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 21, 2013, 04:57:59 AM |
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189 just got eaten up. Definitely Chinese driven
You do realize buys of this size [small, under 1k] come all the time and is likely totally unrelated to the Chinese rally? |
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bobdude17
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October 21, 2013, 04:59:27 AM |
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Yes. However I think its too much a coincidence that these buys just started happening now that the Chinese got underway.
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arklan
Legendary
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Activity: 1778
Merit: 1008
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October 21, 2013, 05:00:16 AM |
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...am i seeing this right, the wall is actually at 190.08?
ignore me, was reading it wrong.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 05:01:58 AM |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 21, 2013, 05:03:07 AM |
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...am i seeing this right, the wall is actually at 190.08?
You're mistaken; just 600 on 190. The other day there were some odd walls at random cent values like $180.02, and they kept going on and off.. so maybe you caught one of them? |
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TERA
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October 21, 2013, 05:04:31 AM
Last edit: October 21, 2013, 05:15:34 AM by TERA |
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Well the orderbook looks a lot better now that the one guy staggered 1.5mill in bids from 165 - 175. Weird that anyone still has that kind of money on Gox.
It's not entirely out of the question that someone would still wire money to gox. First you have newbies that don't know any better. Then, you have deep pocketed investors who want to get as many COINS as possible regardless of the price. Gox has liquidity. Let's say they want, say, 30,000 coins, they have information that btc is about to take off like a rocket, and they don't have time to fool around. They see the order books on other exchanges and know they couldn't possibly accumulate that many coins there without causing massive slippage and accelerating the rally out of their reach, so they so go for the 30K they can see on the books at gox or that they know the giant gox bots will feed them. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 21, 2013, 05:12:49 AM |
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Well the orderbook looks a lot better now that the one guy staggered 1.5mill in bids from 165 - 175. Weird that anyone still has that kind of money on Gox.
It's not entirely out of the question that someone would still wire money to gox. First you have newbies that don't know any better. Then, you have deep pocketed investors who want to get as many COINS as possible regardless of the price. Let's say they want, say, 30,000 coins, they have information that btc is about to take off like a rocket, and they don't have time to fool around. They see the order books on other exchanges and know they couldn't possibly accumulate that many coins there without causing massive slippage and accelerating the rally out of their reach, so they so go for the 30K they can see on the books at gox or that they know the giant gox bots will feed them. Thats true. But you can buy 10k coins <$200 on bitstamp and mtgox right now [both right around 10k] it just doesnt make sense to stagger 1.5mill in bids like that, its just jet fuel, as if this rally needed any more. BTW, I think gox bots are overrated. They were blamed for the sharp rise to $195 too. I think its very easy that this is just humans being human (stuipid). "Price just rose $10? SHIT!!", and then others follow at $15,... etc. These bots are apparently awful traders, so why would any one run them with large sums of money? |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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October 21, 2013, 05:56:35 AM |
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If there's not enough depth in each direction then I'll just sit and wait. I'm no no rush whatsoever.
You have been invested quite long. Has this strategy paid off, compared to simple buy&hold? |
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