smoothie
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LEALANA Bitcoin Grim Reaper
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April 18, 2013, 09:14:04 PM |
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$21M is still a crazy bid sum compared to the brief peak at $16M before the crash. I'm very surprised it's still rising.
Maybe a few of those 60,000 new Gox customers that signed up in early April still want coins? Nah... that couldn't happen! Of course not. Let us believe it is a few investors who sent millions of $ to mtgox because they just want to manipulate the price lol. So if they ever want to withdraw their millions of $ they can either wait many days to withdraw all of it or buy bitcoins and be done in one day.....lol "It must be a manipulator!" Lol Yes guys it is a few millionaires sending their cash to a Japanese based bitcoin exchange and NOT to buy bitcoins. I love the failed logic of the many noobs here. Rofl lol omfg hahaha ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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michaelGedi
Sr. Member
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"to be or not to be, that is the bitcoin"
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April 18, 2013, 09:14:14 PM |
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i reckon the ddos might be linked to that failed attempt last night to push the price down, they lost about 15k coins with the sell off and walls eaten, maybe they're desperate for their coins back cheaply. Seems quite heavy attacks today.
now comes the big fake walls trying to push the price down in the lag, this is the time when i'd be happy for gox to stop trading, then the idiots doing this can't benefit
I don't understand why someone would want to keep the price down. There's clearly someone or a group of people keeping it below $100. They slammed 4-5k coins into the rally yesterday that reached 98.5 pushing it down to 93-94. Then put up 25k worth of asks from 94-100. Those weren't old sells, half of them were from 94-98.5 that was just eaten. We know those were real because 5-6 hours later half the wall disappeared and someone dumped 11k of coins in 15 seconds into the bid wall trying to push it back. They put up ask walls trying to keep it down at 87. That failed but they're still heavily protecting 95-100. I just don't really see why. 1) It's greatly decreasing volatility. 2) It's stabilizing the price 3) The longer it stays here the more people will actually believe this is a legitimate value for bitcoins (I'm not saying it is or isnt) Which does make it easier to rally it up (above $100) and rally it back up when it goes lower (then $90). Hard to believe someone is investing 2-3-4M to cement the physiological value of BTC. Very little of that has to do with greed or making money at least short term. If they were greedy or wanted to make money they would have let the rally run to 110-120-130 then slammed the coins into it then and made a lot more money. It was clearly a goal to keep it under $100. Can it really be some white knight of Bitcoin trying to stabilize the markets? The only big player who has the coins, has the money, who cares about the long term health of Bitcoin and the market, is MtGox. Clearly someone is manipulating the market. And their goal isn't making money, at least in the short term. I just can't really figure the why or who part out. =) interesting. I would hazard a guess that if it was non altruistic manipulation, short term money gain is nothing compared to a nice bit of market stability to rebuild confidence across the board... Let the media coverage and new retailers consolidate and legitamise bitcoins... so that it grows... but maybe, later, then they can do their dastardly deeds ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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awakening
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April 18, 2013, 09:16:08 PM |
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All this bitcoin drama is making it hard to study. If you didn't know, most American colleges have final exams in mid-late April.
As soon as I saw it rising from 70 a couple days ago, I was all in. I didn't walk away with nearly as many bitcoins as I wanted to, but I still made a slight profit.
I failed one physics exam because of bitcoins.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) And now, I'm gonna close all because I have another exam tomorrow and I want to study.
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michaelGedi
Sr. Member
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"to be or not to be, that is the bitcoin"
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April 18, 2013, 09:17:09 PM |
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$21M is still a crazy bid sum compared to the brief peak at $16M before the crash. I'm very surprised it's still rising.
Maybe a few of those 60,000 new Gox customers that signed up in early April still want coins? Nah... that couldn't happen! Of course not. Let us believe it is a few investors who sent millions of $ to mtgox because they just want to manipulate the price lol. So if they ever want to withdraw their millions of $ they can either wait many days to withdraw all of it or buy bitcoins and be done in one day.....lol "It must be a manipulator!" Lol Yes guys it is a few millionaires sending their cash to a Japanese based bitcoin exchange and NOT to buy bitcoins. I love the failed logic of the many noobs here. Rofl lol omfg hahaha ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) but yeah...
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DougTanner
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April 18, 2013, 09:18:45 PM |
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Some medium-size buys going through. I like this slow-and-steady rise. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOoC3PAC.jpg&t=665&c=VbBfn4xMCqWqpw) Wall @ $98 down. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fw862kR3.jpg&t=665&c=Ibswbd-PWF7LAQ)
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just1nmc
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April 18, 2013, 09:20:00 PM |
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$21M is still a crazy bid sum compared to the brief peak at $16M before the crash. I'm very surprised it's still rising.
Maybe a few of those 60,000 new Gox customers that signed up in early April still want coins? Nah... that couldn't happen! 5,000 verified today apparently ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not sure why people thought they would be scared off by $90 bitcoins when they were happy buying at $200+
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UKMark
Full Member
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Merit: 100
Empty vessels make most noise.
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April 18, 2013, 09:22:05 PM |
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1000+ BTC ASK just eaten ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Ivanhoe
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April 18, 2013, 09:22:12 PM |
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1151 @ 98, nice.
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phelix
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April 18, 2013, 09:23:13 PM |
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But combined with the bid sum being back on track I think those are strong indicators for buying pressure. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FlLieE1z.png&t=665&c=L9GG1H1Cb46Qfg) (Although we have a healthier ask sum this time so hopefully the rise will be more gradual) Please have a look at where the bid sum actually resides. Half of it is below $60/Ƀ, $2M are even below $25/Ƀ. I call manipulators all those that move millions but park them at market – 50%. I would love to see in addition to the above chart a chart with the weighted average bid and the weighted average ask and a chart of that spread which I would call manipulators activity chart. What you describe sounds mostly like it would display the spread. How do you suggest to weight bids/asks, by order volume or by something else? I have experimented quite a bit with orders weighted by the "distance" to the current price. Did not work out well so far but I am open for suggestions.
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fitty
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April 18, 2013, 09:23:23 PM |
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As soon as someone started buying, people started pulling the 98 ask wall back. They're regrouped at 99. But the battle is going to be at 100.
As we speak 100-102 is being reinforced, they pretty much know what is coming. Too much buying pressure building up.
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phatsphere
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April 18, 2013, 09:27:36 PM |
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since this is hardcore:
are trader's penises hard again? (and if you are female, vaginas wet?)
second breakout to the upside just happening…
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bassclef
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April 18, 2013, 09:28:31 PM |
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and here we... go
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StarrManUK
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April 18, 2013, 09:33:18 PM |
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I think this time it will break 100
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Rockford
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April 18, 2013, 09:34:48 PM |
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almost 1k buy atm...
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fitty
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April 18, 2013, 09:37:12 PM |
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UKMark
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Empty vessels make most noise.
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April 18, 2013, 09:39:02 PM |
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Please have a look at where the bid sum actually resides. Half of it is below $60/Ƀ, $2M are even below $25/Ƀ. I call manipulators all those that move millions but park them at market – 50%.
These are just as likely to be lucif and co. waiting for their tea leaf predictions to come true. Hay don't knock tea-leaf predictions! I remember being told the same not so long ago ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh4.googleusercontent.com%2F-lFvAMXdQtPc%2FUW52p7WW-KI%2FAAAAAAAAAJE%2FscjP0wJVzSc%2Fw497-h373%2Ffancy_a_cuppa.PNG&t=665&c=NjIFw_6-WfThKQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh4.googleusercontent.com%2F-6CdI52gLsXc%2FUW526JpB23I%2FAAAAAAAAAJg%2FEM-ABMLbUJk%2Fw497-h373%2Fhalf_a_cup.PNG&t=665&c=XAN5agsHjI002A)
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Rockford
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April 18, 2013, 09:39:19 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2F25.media.tumblr.com%2Ftumblr_m2dzuneMlF1r8jnquo1_500.gif&t=665&c=DmXLnzEAMwyTnQ) nom nom nom
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seleme
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Duelbits.com
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April 18, 2013, 09:39:20 PM |
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20 seconds lag
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awakening
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April 18, 2013, 09:40:02 PM |
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One hundred for sure.. What a hell of bucks being poured in. 99,95
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