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

[telemaco]

I think a huge rally to 123 is coming any moment

[1714898257]

1714898257

[1714898257]

1714898257

[MickeyT2008]

I think a huge rally to 123 is coming any moment

If Clarkmoody is correct then it would only take 6BTC to reach $123

333BTC at $122.2227, the market's being manipulated from both sides

[samson]

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  

[Coinseeker]

Have you ever considered that maybe you are wrong?

Why should I, of all people, "know" about the BTC convention? What I do know is why BTC was started and that is for good reasons. So when you spout that crap it doesn't sit right with me, and judging by all the hard responses you get, it doesn't sit right with many on the board. Something to consider again, maybe you are just wrong. Nothing wrong with that. There are better ways of communication and if you just think of what communication is, by definition, you are failing at it (And I don't mean that judgmentally, just observationally.)

Well thanks for the education.  

I think a huge rally to 123 is coming any moment

To 123?     How about through 123.  Still 1300 coin wall on Gox @ 123.

[Coinseeker]

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  

But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage?  I guess it also would depend on the mind of the trader.      Kind of like poker, no two people play it the same. 

[telemaco]

rally to 123 -> joke intended, this is sooo boring !!

Wouldn't mind a medium sized crash down or upwards right now.

[Coinseeker]

rally to 123 -> joke intended, this is sooo boring !!

Thought so...that's why I put a smilie.  I was like, "huh...a 0.8 rally??"   

[telemaco]

first a one month storm in the middle of the ocean, now there is no wind ... what is worse?

[samson]

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  

But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage?  I guess it also would depend on the mind of the trader.      Kind of like poker, no two people play it the same. 

Not really, in the past people have seen other coins sold cheaper while a wall sits there. Then when we hit it the whole thing is eaten in one go.

Posts like this one spring to mind : https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008

[Coinseeker]

Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.

Many people have given this same slippage explaination over and over again since I joined this forum.

The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage  

But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage?  I guess it also would depend on the mind of the trader.     Kind of like poker, no two people play it the same.  

Not really, in the past people have seen other coins sold cheaper while a wall sits there. Then when we hit it the whole thing is eaten in one go.

Posts like this one spring to mind : https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008

   Ha!  That's funny as hell and he threw it in their faces too.  Definitely food for thought.  That's actually why I come here, to learn things like that.  That's awesome.  Thanks~

[telemaco]

i am going to cut my veins with a spoon if this does not reach 123 at least ...

[Coinseeker]

i am going to cut my veins with a spoon if this does not reach 123 at least ...

Be patient, everything is cool.  We were actually at 123 pretty good all morning.  Bitstamp has remained over 118 since. Now with what Samson just laid out, I see "traps" everywhere....I don't know what to do.  

Edit:  Well...there goes that 500BTC over on Bitstamp.

[telemaco]

i am going to cut my veins with a spoon if this does not reach 123 at least ...

Be patient, everything is cool.  We were actually at 123 pretty good all morning.  Bitstamp has remained over 118 since. Now with what Samson just laid out, I see "traps" everywhere....I don't know what to do.  

Edit:  Well...there goes that 500BTC over on Bitstamp.

ok i feel better now. what a hell of a ride. I am going to place a stop loss at 122.3 though

[ChartBuddy]

[dexX7]

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

[Coinseeker]

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

Yeah and another 200+ just got eaten.  My Bitcoinity sounds like a freaking woodpecker over here.     We're pushing 119 now. 

[adamstgBit]

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again 

[dexX7]

By the way, 119 @Bitstamp is highest high since 10. march.

H4:

[Frozenlock]

often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again 

It was at $266.
When is this considered a buying opportunity? 

[telemaco]

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

leverage? not sure that is for me. I have a lot to learn yet and a special ability to sell low and buy high.