justusranvier
Legendary
 Offline
Activity: 1400
Merit: 1009
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May 05, 2013, 11:18:53 PM |
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This wall @110 is making me nervous.... just sitting there, doing nothing... silently judging me... mocking me.
I know what you're up to wall, I'm onto you. You can't fool me, wall. Nobody can fool me. Not after what happened last time.
Just do something already, wall, don't just sit there!!!!
'k. Time to go to bed.
Sleep? What's that? |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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keewee
Legendary
Offline
Activity: 1025
Merit: 1000
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May 05, 2013, 11:27:07 PM |
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This wall @110 is making me nervous.... just sitting there, doing nothing... silently judging me... mocking me.
I know what you're up to wall, I'm onto you. You can't fool me, wall. Nobody can fool me. Not after what happened last time.
Just do something already, wall, don't just sit there!!!!
'k. Time to go to bed.
Sleep? What's that? He didn't say sleep. Have iPad, will travel  |
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Nightowlace
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May 05, 2013, 11:32:00 PM |
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I love all this talk about "the wall". This thread is in speculation for a reason, because nobody knows wtf the wall is for.
Could be a pump and dump
Could be a toothless redneck lottery winner trying to buy some coins
Could be someone wanting to diversify their investment portfolio
Could be someone who heard the news in China
Could be anything. You should all just turn it off, go grab an ice cold brew, and relax. Start over tomorrow.
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TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
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May 05, 2013, 11:35:30 PM |
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Heck, it could even be this guy:  ...or this guy  |
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awakening
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May 05, 2013, 11:55:20 PM |
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The code that generates the 3D charts is in github or somewhere.. ?
I remember reading that the code was in perl but I don't remember if it was released or something..
Thanks
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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May 06, 2013, 12:28:03 AM |
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... you're still there, aren't you?  |
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dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
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May 06, 2013, 12:41:22 AM |
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The code that generates the 3D charts is in github or somewhere.. ?
I remember reading that the code was in perl but I don't remember if it was released or something..
Thanks
I think you refer to this post. |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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May 06, 2013, 12:41:52 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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May 06, 2013, 12:48:42 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? |
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Ares
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May 06, 2013, 01:02:54 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten |
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Nightowlace
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May 06, 2013, 01:27:16 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten Unless they don't give a shit because they HAVE 2 million to play with |
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ineededausername
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May 06, 2013, 01:32:07 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten Unless they don't give a shit because they HAVE 2 million to play with You don't earn $2m by screwing around like that. |
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fitty
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May 06, 2013, 01:35:06 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten It's not about buying BTC. He's stabilizing the market and removing volatility. That wall is preventing the market from going down. The same as the ask walls usually prevent the market from going up. Any of the big Bitcoin businesses would be interested in stability, including of course MtGox. Arguably, Bitcoin is MtGox. They probably care about the perception of Bitcoin more then anyone. They stand to make 10s of millions if Bitcoin continues to grow. They have the money and coins to do whatever they want with the market. If you owned MtGox, would you "let the market do whatever it wants" or would you "actively protect the market". Seeing as you'd make millions if Bitcoin grows, might perceive volatility as a negative, I'd be surprised if they didn't manipulate things for their own good. There's also a number of people who have 50k-300k coins who probably have cashed out 1-5M. If I owned that many coins, I'd keep a nice chunk of cash on MtGox to prop up Bitcoin as needed. It's a way of protecting your investment. You can instantly remove panic, calm the market down, just by putting up a wall. Or even buying up coins, reducing supply, calming everything down. The interesting thing is, the coin dumps have stopped. No one has sold a huge chunk of coins. No one wants to cash out anymore? More evidence the coin dumps are to move the market down, not to take profit. The market is small enough one person can push it up and keep it up. And one person can push it down and keep it down. Which means the market price of BTC has little to do with how well Bitcoin is actually doing. The exchange is its own ecosystem and doesn't directly translate to how well Bitcoin is doing. Price going up doesn't mean Bitcoin is doing well. Price going down doesn't mean it's doing bad. It's a whole bunch of people trying to make some money and Bitcoin is without question secondary on the exchange. |
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BitPirate
Full Member
Offline
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 06, 2013, 01:36:40 AM |
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The wall is not necessarily all from one person.
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oroboras
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May 06, 2013, 01:39:40 AM |
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It is definitely not one person, but I am certain the vast majority is one person
(If the White, rather than Grey sum number on ClarkMoody denotes multiple sources, which I am 99.9% certain it does - as the $110 sum is white, rather than grey)
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Frozenlock
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May 06, 2013, 01:54:59 AM |
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White is for round numbers.
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oroboras
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May 06, 2013, 02:06:19 AM |
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So it is! I knew I'd learn something being here! Thanks for the pointer - it was so obvious, it was no surprise I missed it!
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Frozenlock
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May 06, 2013, 02:10:36 AM |
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Well, seems the triangle is complete. Up we go? Edit: I can drawz too!  |
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Nightowlace
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May 06, 2013, 02:13:42 AM |
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It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser? If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten Unless they don't give a shit because they HAVE 2 million to play with You don't earn $2m by screwing around like that. That's not entirely true. Inheritance, Trust Fund, Lottery, Someone who has made millions and has been studying BTC and decided it was a good time to try it out, Someone who feels like for that price it would be worth scooping them up, someone who dumped them for profits and now realizes they aren't dropping low enough so he is cutting his losses, etc. etc |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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May 06, 2013, 02:37:10 AM |
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My gut is telling me that it is not someone new, just the same old BS on a different day. See you guys on the low side of 90.  |
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