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

[ag@th0s]

I'm out at $126.76 on Bitstamp - can't see it going higher and I need to take profits as I'm down on trading over 6 months.  Will sit down this weekend and work out whether I'd have been better off if I'd bought at held up to this trade, I suspect I would be

[derpinheimer]

I'm out at $126.76 on Bitstamp - can't see it going higher and I need to take profits as I'm down on trading over 6 months.  Will sit down this weekend and work out whether I'd have been better off if I'd bought at held up to this trade, I suspect I would be

Sounds insane to me, bit good luck!

[adamstgBit]

[prophetx]

seriously you guys think that a big time investor is gonna transfer boat loads of cash into MTGox ... all they have to do is contact asicminer or other asic outfits to get their hands on a ton of BTC.

hey i could be wrong but with about 30k btc left under $200... yea ride the wave but be careful...

[adamstgBit]

http://youtu.be/_FPGECVm2kI

[Walsoraj]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

[JimboToronto]

seriously you guys think that a big time investor is gonna transfer boat loads of cash into MTGox ... all they have to do is contact asicminer or other asic outfits to get their hands on a ton of BTC.

The daily total of all block rewards is only 3600btc (approx, subject to adjustments).

Also, any such purchases wouldn't appear on MtGox totals. Some person or organization has indeed been spending millions of dollars a week through July and August purchasing bitcoins and protecting their investments with bidwalls on MtGox.

[JimboToronto]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

[Walsoraj]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

Jerk.

[rampantparanoia]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

Jerk.

yes. in the stock market.

[Walsoraj]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

It's called a "bot", short for "robot". It's an application or script programmed to trade by proxy on behalf of the programmer.

**sheesh - noobs***

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

Jerk.

yes. in the stock market.

A continual spam of sells is typical before a crash or a rocket? Or both?

I'm curious because the past few weeks I've notice spurts (hour or so) of continual small buys (usually 0.01 or less). The current 1btc sells have been going on all day long with almost no interrupts.

[JimboToronto]

I was hoping for more insight. For ex, whether someone has observed this kind of bot behavior in the past before a crash or panic buy.

This has actually been happening a lot lately on both buys and sells and both bids and asks.

Jerk.

Mmmm.

[prophetx]

seriously you guys think that a big time investor is gonna transfer boat loads of cash into MTGox ... all they have to do is contact asicminer or other asic outfits to get their hands on a ton of BTC.

The daily total of all block rewards is only 3600btc (approx, subject to adjustments).

Also, any such purchases wouldn't appear on MtGox totals. Some person or organization has indeed been spending millions of dollars a week through July and August purchasing bitcoins and protecting their investments with bidwalls on MtGox.

And how much btc did avalon, asicminer, bfl (I know scam...), etc rake in to produce?  Those factories that produce those chips require cash in the 6 figures to produce... think about it...

[rolling]

Could a whale buy 2-3000 BTC at once to push the price up and then sell them 1 at a time every few seconds to prevent the price from crashing.  Rinse and repeat?

[adamstgBit]

Could a whale buy 2-3000 BTC at once to push the price up and then sell them 1 at a time every few seconds to prevent the price from crashing.  Rinse and repeat?

lol!  

maybe!

[adamstgBit]

i can't wait to try the bitcoin atm coming to canada soon!  

[Walsoraj]

Could a whale buy 2-3000 BTC at once to push the price up and then sell them 1 at a time every few seconds to prevent the price from crashing.  Rinse and repeat?

i dunno wtf is going on but I am convinced 99% of trading is done by bots. Their primary directive is to play games with each other, keeping the price stagnant or rising. Eventually the humans become irresistibly tempted to move their bids up. The bots then sell into it.

Resistance is futile.

[ktttn]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

Redistribution of wealth scale. Who's buying? Are there trends there?

[JimboToronto]

Could a whale buy 2-3000 BTC at once to push the price up and then sell them 1 at a time every few seconds to prevent the price from crashing.  Rinse and repeat?

Absolutely.

[Walsoraj]

What's the deal with the continual sell of 1 btc every 10 seconds? Been going on for hours, prob all day.

*edit*

if you want to see what im talking about go to http://trading.i286.org/ and check the "summarize trades" option.

Redistribution of wealth scale. Who's buying? Are there trends there?

Maybe I should throw a golden apple at those bots with a market sell order of my many thousands of btc. I wonder how they would react.