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chairforce1
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July 03, 2013, 01:09:15 AM |
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lol these 0.1 BTC bids  edit - $89 wall just lost 1k |
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Frozenlock
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July 03, 2013, 01:12:33 AM |
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lol these 0.1 BTC bids edit - $89 wall just lost 1k Yup, huge wall at Bitstamp gone too. Brace yourselves...  |
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chairforce1
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July 03, 2013, 01:15:54 AM |
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lol these 0.1 BTC bids edit - $89 wall just lost 1k Yup, huge wall at Bitstamp gone too. Brace yourselves... coordinated effort to drop the price? |
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Frozenlock
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July 03, 2013, 01:17:04 AM |
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And it's back. Stop playing with my emotions! Edit: Gone again! |
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Jozzaboy
Member
 Offline
Activity: 98
Merit: 10
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July 03, 2013, 01:20:04 AM |
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And it's back. Stop playing with my emotions! Just Skynet testing market sentiment. It will probably try something a little more painful soon |
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Frozenlock
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July 03, 2013, 01:26:24 AM |
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coordinated effort to drop the price?
If anything, it was to push UP the price. |
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chairforce1
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July 03, 2013, 01:30:42 AM |
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coordinated effort to drop the price?
If anything, it was to push UP the price. I was thinking they would try to create false hope and have people buy a little feeling safe with a floor beneath them. Then pull the floor out from underneath everyone and try to cause some panic sales. |
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Kazu
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July 03, 2013, 01:30:47 AM |
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How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
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telemaco
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July 03, 2013, 01:34:08 AM |
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How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
They should have done this instead ...  |
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chairforce1
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July 03, 2013, 01:35:21 AM |
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How does that push up (or down) the price?
attempt to freak people out
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Frozenlock
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July 03, 2013, 01:38:24 AM |
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How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
Ok, say I put a 2k wall at $89. If you want to buy, you are most likely to put your bids before me, so >$89. Before long, there's a bunch of little orders going up to say $91. Now I move my wall to $90. Again, you are most likely to put your bids before me. Doing this repeatedly, you can prop up the price of a few dollar and sell higher. Once you are out, just remove your wall. There's also this: https://bitcointalk.org/index.php?topic=60501.msg736626#msg736626 |
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Kazu
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July 03, 2013, 01:49:54 AM |
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How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
Ok, say I put a 2k wall at $89. If you want to buy, you are most likely to put your bids before me, so >$89. Before long, there's a bunch of little orders going up to say $91. Now I move my wall to $90. Again, you are most likely to put your bids before me. Doing this repeatedly, you can prop up the price of a few dollar and sell higher. Once you are out, just remove your wall. There's also this: https://bitcointalk.org/index.php?topic=60501.msg736626#msg736626Except they didn't put their wall in much higher. Plus, if you want to sell putting up a buy wall seems like seriously outthinking yourself. IMO its simple, some guy wants to buy, he puts wall up, damn, nobodys selling at that price, removes it, hopes that price falls, it doesn't, oh well no harm done, up goes the wall. |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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July 03, 2013, 01:57:16 AM |
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Wall on bitstamp is gone! Price dropped a dollar! Yes, there really is that little activity going on. I'm so bored!   |
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giszmo
Legendary
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Activity: 1862
Merit: 1105
WalletScrutiny.com
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July 03, 2013, 02:01:10 AM |
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Seriously, all you've been doing is talking this down, people like you are not exactly helping anything for the BTC cause, just posting about how smug you are about the price drop..
Yeah all I've done in 2 years is trying to talk the twitch.tv casters into Bitcoin, accepting it in all my businesses and freelancing, talking to everyone and anyone about it, invested in it, convinced some co-workers to tip their toes in it, tipped bitbills (now worth thousands) to my local restaurants... But you know, if I think that the price got carried away and we need to go down, I'm somehow bad for the "cause". What have YOU done? Yep. If all were permabullish no matter what, it wouldn't help the cause at all. It would only lead to some noobs getting a blody nosy. |
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ChartBuddy
Legendary
 Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 03, 2013, 02:01:31 AM |
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Nightowlace
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July 03, 2013, 02:03:11 AM |
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You want action wait until we hit $50. Then we will see fireworks.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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July 03, 2013, 02:04:34 AM |
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Maybe mr. 89 bid wall was the same guy with the 94 ask? They disappear at the same time. Sorry guy, its gonna take more than a 2k bid wall to incite a rally. |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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July 03, 2013, 02:06:54 AM |
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wallzirra' we need you!
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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July 03, 2013, 02:14:22 AM |
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Looks like only wallzirra jr was available Come on, 500 coins on 90?! Thats the best we've got? YOU GUYS SUCK! What happened to the cool guys on the 24th? Where did all of them go? All of the buyers on that day are now at a loss. And the sellers... can buy back at quite a profit. |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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July 03, 2013, 02:50:18 AM |
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Plus, if you want to sell putting up a buy wall seems like seriously outthinking yourself.
IMO its simple, some guy wants to buy, he puts wall up, damn, nobodys selling at that price, removes it, hopes that price falls, it doesn't, oh well no harm done, up goes the wall.
How innocent of him. |
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