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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26367084 times)
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StarenseN
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April 20, 2013, 09:49:27 PM
Last edit: April 20, 2013, 10:08:04 PM by StarenseN
 #641

Why this 15K buy within 10 minutes after 20 hours of coma ??  Huh Shocked
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NamelessOne
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April 20, 2013, 09:52:38 PM
 #642

Why this 15K buy within 10 minutes after 20 heures of coma ??  Huh Shocked
More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.
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April 20, 2013, 09:55:29 PM
 #643

There is a lot of money sitting around that is feeling itchy. I suspect the feeling will get worse as the week starts. Although I wish it would remain about the same.
BTC Books
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April 20, 2013, 09:56:12 PM
 #644

Why this 15K buy within 10 minutes after 20 heures of coma ??  Huh Shocked
More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.

That - or fear that it will start to go up faster, netting them less coin.
M4v3R
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April 20, 2013, 09:57:21 PM
 #645

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.
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April 20, 2013, 09:58:24 PM
 #646

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
How do you see that someone just sold for ½m $?
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April 20, 2013, 09:58:40 PM
 #647

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
How do you see that someone just sold for ½m $?

See my edit above.
TheKoziTwo
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April 20, 2013, 09:59:28 PM
 #648

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
How do you see that someone just sold for ½m $?
I just saw that too.
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April 20, 2013, 09:59:53 PM
 #649

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.
How do you see that someone just sold for ½m $?

See my edit above.
I did see the buy and the wall that just dissapeared but are you saying that a new one came up after the first one had dissapeared?
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April 20, 2013, 10:00:26 PM
 #650

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.

It doesn't have to be one particular person, I suspect it's lots of people who get the same "buy" vibe at the same time.
just1nmc
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April 20, 2013, 10:01:08 PM
 #651

Yeah I only saw a ~BTC4k buy wall go up at $130 and then pulled. Maybe I missed a big sell into it though
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April 20, 2013, 10:01:15 PM
 #652

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating.  It's working capital, on a hair-trigger.

If the trend stays solidly up for another $10ish increase in the exchange rate - on a weekend - I wouldn't be surprised to see 10M worth of buying before the end of Sunday.
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April 20, 2013, 10:04:46 PM
 #653

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating.  It's working capital, on a hair-trigger.
How do you know that USD 21m are sitting on mtgox? The total buy wall is worth USD 18m.
just1nmc
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April 20, 2013, 10:05:48 PM
 #654

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating.  It's working capital, on a hair-trigger.
How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com
zemario
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April 20, 2013, 10:09:04 PM
 #655

Why this 15K buy within 10 minutes after 20 heures of coma ??  Huh Shocked
More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.
+1

but now the number of bitcoins for sale balanced the bids. Also... there's a huge wall at 150 and quite a bit of selling pressure. If the market chews this up, it will be in 200 in a few days. But it's much to chew... exciting
NamelessOne
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April 20, 2013, 10:13:16 PM
 #656

Why this 15K buy within 10 minutes after 20 heures of coma ??  Huh Shocked
More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.
+1

but now the number of bitcoins for sale balanced the bids. Also... there's a huge wall at 150 and quite a bit of selling pressure. If the market chews this up, it will be in 200 in a few days. But it's much to chew... exciting
Actually the bids massively outweigh the asks/bitcoins for sale. Yes, there is a hill to climb to $150 but on the entire market, the bids are a tidal wave vs the asks.  I agree it is exciting.
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April 20, 2013, 10:15:10 PM
 #657

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating.  It's working capital, on a hair-trigger.
How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com

Ahh.  Thanks.

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.
Sword Smith
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April 20, 2013, 10:20:25 PM
 #658

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating.  It's working capital, on a hair-trigger.
How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com

Ahh.  Thanks.

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.
Is it? The total volume of one weekday's trading is around USD 20m.
Kazu
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April 20, 2013, 10:23:46 PM
 #659

130 again  Grin
BTC Books
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April 20, 2013, 10:27:13 PM
 #660


Quote
And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.
Is it? The total volume of one weekday's trading is around USD 20m.

It should be there.  Gox changed the rules effective - I think - April 17th.

My understanding is that this 21M is close to an all-time high.  The All Time Bid Sum graph on blockchaind appears to bear that out...
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