lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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April 30, 2013, 08:37:36 AM |
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What part of "Wall Observer" am I CONSTANTLY misunderstanding?  Some people just wake up on the wrong side of the bed. Don't sweat it. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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April 30, 2013, 08:38:13 AM |
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What part of "Wall Observer" am I CONSTANTLY misunderstanding? Don't just observe the walls. Be the walls. |
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zebedee
Donator
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Activity: 668
Merit: 500
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April 30, 2013, 08:41:01 AM |
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Bank holiday == no bank wires right?
Yep...although I just realized that it's 2:00pm Tuesday in Japan right now, which is not a bank holiday. The coming week is full of holidays. Monday : Japan Wednesday : Most of the western world, especially lots of countries in Europe. Friday : Japan, again ! Monday 6th May - UK holiday Monday 6th is also a Japan holiday. We love holidays here. |
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David M
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April 30, 2013, 08:57:42 AM |
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Don't just observe the walls. Be the walls.
Nicely said. But I never fully understood the waiting. Are we trading or swinging dicks? Hit the offer or piss off. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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April 30, 2013, 09:11:03 AM |
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Don't just observe the walls. Be the walls.
Nicely said. But I never fully understood the waiting. Are we trading or swinging dicks? Hit the offer or piss off. I'm not trading. I'm adding liquidity and either selling a bit or rebuying sold bitcoins cheaper. Bitpay needs bids to hit and so do you. Lucky for you, I'm nice enough to provide asks too. |
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David M
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April 30, 2013, 09:18:00 AM |
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I'm not trading. I'm adding liquidity and either selling a bit or rebuying sold bitcoins cheaper. Bitpay needs bids to hit and so do you. Lucky for you, I'm nice enough to provide asks too.
That's the side of trading I have no experience in. I've always thought of market makers as this weird creature forced to trade because somehow he keeps getting them and does not know what to do with them. |
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notme
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Activity: 1904
Merit: 1002
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April 30, 2013, 09:30:47 AM |
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I'm not trading. I'm adding liquidity and either selling a bit or rebuying sold bitcoins cheaper. Bitpay needs bids to hit and so do you. Lucky for you, I'm nice enough to provide asks too.
That's the side of trading I have no experience in. I've always thought of market makers as this weird creature forced to trade because somehow he keeps getting them and does not know what to do with them. For me it's a win win. I have quite a few bitcoins. I'm willing to sell small amounts at these prices or higher. I'm also long term bullish, so I'm willing to rebuy any sold bitcoins for cheaper. If there is a big uptrend, I can get washed out, but bitcoin usually retraces. If it doesn't, I have student loans to pay down. |
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Atruk
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April 30, 2013, 09:36:02 AM |
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If I wasn't all in, this would be a safe point to go speculative long. (We intend to short it at higher levels today, perhaps $180.) EDIT: I mean it'll have to breach $150 first but I kind of see it getting there  Braver than I am. Earlier this year sell on Monday and buy on Thursday was a fairly reliable strategy. Price movement has slowed quite a bit though this past week or two. It would take a fairly aggressive move up that holds through Friday morning for me to take any serious short position lower than $7.50/BTC under my sale this week. |
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stereotype
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Activity: 1554
Merit: 1000
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April 30, 2013, 09:51:02 AM |
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What part of "Wall Observer" am I CONSTANTLY misunderstanding? In the UK, it would translate into the 'Wally Observer' ! |
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phatsphere
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April 30, 2013, 10:25:12 AM |
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In the UK …
… no,a wall-e observer:  |
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zebedee
Donator
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Activity: 668
Merit: 500
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April 30, 2013, 10:29:03 AM |
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Hit the offer or piss off.
Dude, as any savvy trader would tell you, one doesn't hit offers. One hits bids, one lifts offers. |
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loanexpress
Newbie
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Activity: 56
Merit: 0
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April 30, 2013, 11:05:25 AM |
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Ok, how about an actual wall chart again. This is the most "balanced" I've seen the walls on both sides for a long time. Pretty deep depth, but also pretty evenly spread out. https://i.imgur.com/Mbkpmaa.png |
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StarenseN
Legendary
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Activity: 2478
Merit: 1362
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April 30, 2013, 11:14:09 AM |
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Stability is a blessing for the economy. Hope it will stay like this a while (understand: a couple of days  ) |
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loanexpress
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Activity: 56
Merit: 0
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April 30, 2013, 11:17:37 AM |
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Stability is a blessing for the economy. Hope it will stay like this a while (understand: a couple of days ) Yes I apologize in advance for the imminent crash I just initiated by posting that chart.  |
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DougTanner
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April 30, 2013, 11:41:48 AM |
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Slow steady rise for the last 18 hours, it's just a matter of time until the first whale takes a nibble and all the rest follow.  |
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molecular
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Activity: 2772
Merit: 1019
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April 30, 2013, 11:42:59 AM |
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Stability is a blessing for the economy. Hope it will stay like this a while (understand: a couple of days ) Yes I apologize in advance for the imminent crash I just initiated by posting that chart. crash or rally, we don't know that. We know, however: it can't remain like this for long. Days is a stretch in my mind. |
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rpietila
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Activity: 1722
Merit: 1036
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April 30, 2013, 12:02:17 PM |
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It is good to remember that there are no fake bid walls, but fake ask walls abound...  It seems quiet, but be ready for serious action to the upside any time from now. If the sellers are not staring their screens, there is not much for sale once we clear the resistances of $167 and $267. |
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jubalix
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Activity: 2632
Merit: 1023
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April 30, 2013, 12:07:21 PM |
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It is good to remember that there are no fake bid walls, but fake ask walls abound... It seems quiet, but be ready for serious action to the upside any time from now. If the sellers are not staring their screens, there is not much for sale once we clear the resistances of $167 and $267. no fake bid walls wat??? |
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ManBearPig
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April 30, 2013, 12:10:23 PM |
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Stability is a blessing for the economy. Hope it will stay like this a while (understand: a couple of days ) Yes I apologize in advance for the imminent crash I just initiated by posting that chart. crash or rally, we don't know that. We know, however: it can't remain like this for long. Days is a stretch in my mind. Not days! Oh the agony :p I don't think we'll stay in this channel for that long but I also would be fine with it |
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BitcoinAshley
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April 30, 2013, 12:27:09 PM |
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[...] Pretty deep depth [...] How profound  |
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