Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[MatTheCat]

Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now

Do you know how stamp works at all?

There is no market order option.

There is limit order, or simple.

Limit, you know what that is.

Simple is when you just sell at spot, but as soon as a bot bids 0.0002 lower than you, then spot moves 0.0002 below your sell order and it is not triggered until spot is bid up to sell order. This looks to me like some noob went to dump 10K BTC using SIMPLE!

If that is the case, then we can expect that 10K BTC to disappear as he cancels his sell order, and tries again using limit order.

Either that, or it is a hack.

[1714726554]

1714726554

[solex]

10k creeping down $600, then $595, scaring but not selling?

Wallosaurus going to smack the sellers which front-run him just before gox restarts??

[derpinheimer]

10k creeping down $600, then $595, scaring but not selling?

Wallosaurus going to smack the sellers which front-run him just before gox restarts??

It was never moved. Always 595.18

Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now

Do you know how stamp works at all?

There is no market order option.

There is limit order, or simple.

Limit, you know what that is.

Simple is when you just sell at spot, but as soon as a bot bids 0.0002 lower than you, then spot moves 0.0002 below your sell order and it is not triggered until spot is bid up to sell order. This looks to me like some noob went to dump 10K BTC using SIMPLE!

If that is the case, then we can expect that 10K BTC to disappear as he cancels his sell order, and tries again using limit order.

Either that, or it is a hack.

I dont follow, at all.

Simple = limit order at last trade price?

Limit = sell to your own limit

[creekbore]

Having read through the posts since I slept I can see everyone is a bit fraught....I'd better the throttle the insolence back a bit.

Remember....don't panic


just run!!

[MatTheCat]

10k creeping down $600, then $595, scaring but not selling?

Wallosaurus going to smack the sellers which front-run him just before gox restarts??

It is not $600.

It is $595.18. All 10K of it. It is either a hack or some noob with a shit load of coin who has used Bitstamp's SIMPLE Sell option to dump 10K Bitcoin.

It has not moved since it was made. At the time it was made, it was instantly outbid by a fraction of a Bitcoin.

[zyk]

Who has 10k btc on stamp???  

somebody who wants to GTFO ( cause of Gox) and rather buy some Litcoins you will see

[cbeast]

So what is this persons strategy?

I call it Wall of Intimidation. It will evaporate. Then the Tsunami: A big pump.

[billyjoeallen]

Somebody's trying to train the honey badger. Ain't gonna work.

[MatTheCat]

I dont follow, at all.

Simple = limit order at last trade price?

Limit = sell to your own limit

On Bitstamp. SIMPLE order is not like Market order.

It is a limit order at whatever spot price happens to be. So. If Bitcoin is reported on Stamp as being $595.18, and I use SIMPLE to sell 10K Bitcoin, but in the time that I do this, some bot has made the spot price $0.24 cheaper, then my 10K SIMPLE (Limit) order is not filled.

[UnDerDoG81]

Pretty nice, so lets force the 400´s so my orders get filled  

[creekbore]

Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now

Do you know how stamp works at all?

There is no market order option.

There is limit order, or simple.

Limit, you know what that is.

Simple is when you just sell at spot, but as soon as a bot bids 0.0002 lower than you, then spot moves 0.0002 below your sell order and it is not triggered until spot is bid up to sell order. This looks to me like some noob went to dump 10K BTC using SIMPLE!

If that is the case, then we can expect that 10K BTC to disappear as he cancels his sell order, and tries again using limit order.

Either that, or it is a hack.

I didn't say anything about market orders....you wanna reign in the aggression/condescension please.  

I've engaged with you and disputed your PoV but always politely and respectfully, but you've already called "a worm" for reasons I'm unsure of, so just "cool your jets George."

[empowering]

Creekbore - thanks will check out the thread : )  I have been keeping up as much as possible with goings on in Cyprus.

I have not seen this posted here or mentioned so thought I would post it...

Ben lawsky talk at the New america Foundation - a couple of weeks after the hearings...

http://www.youtube.com/watch?v=zhIZd9b2-Qs

Just listening to it now.

(oh and stamp wtf?)

[cbeast]

Surf's up, Dudes!

[KeyserSoze]

So what is this persons strategy?

this is "old school" Bitcoin trading. The trick is, the price will move in the direction of the huge wall. He's getting people to set their sells lower and lower. He inches his wall down, then BOOM, he'll put the wall much lower and buy up everything in between for cheap, raising the price, catching bears off guard. At least, that's one way the game was played at lower prices on Gox.

[creekbore]

Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now

Uh, how is a 10k sell wall irrelevant when
1. Its completely new
2. Its $10 above current price?

 <---------- being used to suggest irony

Sorry, Sir, I'll sit at the back and shut up

[Tyson95]

I would be afraid that stamp would gox me or something.

[derpinheimer]

Stamp seems to be ignoring the wall. Must think its manipulation (which it may be)

but if its not.. :O

Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now

Uh, how is a 10k sell wall irrelevant when
1. Its completely new
2. Its $10 above current price?

 <---------- being used to suggest irony

Sorry, Sir, I'll sit at the back and shut up

I didnt mean to be rude, sorry I misunderstood you.

[JorgeStolfi]

I suppose that there is no training or exam required in order to trade at Bitstamp, right?  One can learn by doing?

All I need to do is open an account, transfer in my 500,000 BTC, click on random buttons and see what happens; right? 

   <-------- just in case.

[zyk]

I would be afraid that stamp would gox me or something.

therefore he is selling and everbody else will too.....cause Mark is still allowed to go scott-free..astonished?

[JorgeStolfi]

poof