oda.krell
Legendary
 Offline
Activity: 1470
Merit: 1007
|
 |
September 20, 2013, 04:56:42 PM |
|
... They are agents in the market and rather than complain about them it would be more productive to understand their influence by the evidence. So far I do not see a lot of that happening.
I see cause and effect and what I think is evidence, however I may be limited by my own judgment, (the mass less trolling aside) what evidence based influence, are you not seeing happening? To be clear, I am saying that the evidence is not being understood. What I see is that the intermediate price movement has occurred on the basis of an entrenched dynamic, more akin to a damped oscillation than any rational response to news, or any other driver. The only evidence of forcing I have been able to see was on the runup to $166. The rest has simply been a roller coaster ride to an equilibrium, with each swing having a lower volume than the last. Speculation I have seen here seems to anticipate forcing either to the up side or to the down side, but right now I do not see any evidence of that. What happened to your hypothesis of a "sustained buying program by uber-whale, carefully controlling price without pushing it too far in either direction"? Doesn't that count? |
|
|
|
|
yefi
Legendary
Offline
Activity: 2842
Merit: 1511
|
|
September 20, 2013, 06:29:24 PM |
|
probably this thread could merge into an overall orderbook and wall tracker
bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall
looks more like 2000 to me. Good night, Bitcoin. Good morning, Blightcoin.  1000 btc was probably already whale food (plankton) .. eaten away... Wall still stands strong @ 1784 Wall gone. Incidentally, why do I have Aztec architecture on my mind, hm... |
|
|
|
|
RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
September 21, 2013, 04:03:31 PM |
|
Wauw, not a single post in 24h. Speculation on btc exchange rate mtgox is now officially dead. Luckily there is always action somewhere in bitcoin land. Just-Dice got cleaned again by some whale. |
|
|
|
|
|
bucktotal
|
|
September 21, 2013, 04:35:50 PM |
|
Wauw, not a single post in 24h. Speculation on btc exchange rate mtgox is now officially dead. Luckily there is always action somewhere in bitcoin land. Just-Dice got cleaned again by some whale. fk me :/ |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
September 21, 2013, 04:44:19 PM |
|
mtgox isn't dead yet it still has volume during volitale movements.
|
|
|
|
|
RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
|
|
September 21, 2013, 05:08:55 PM |
|
mtgox isn't dead yet it still has volume during volitale movements.
You are right, and I do think mtgox will come back with a vengeance - if - they succeed in solving their banking problem. Even if their turnover dies totally in the meantime. But I'm surprised bitstamp already has double the turnover on slow days. Bitcoinland does evolve quickly. |
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
September 21, 2013, 05:58:24 PM |
|
probably this thread could merge into an overall orderbook and wall tracker
bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall
shouldn't this "deeper fall" have happened by now? |
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
September 21, 2013, 06:13:33 PM |
|
probably this thread could merge into an overall orderbook and wall tracker
bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall
shouldn't this "deeper fall" have happened by now? I think so too, but as long as MtGox doesn't want to play with it I doubt it will happen. And since not many people are happy selling on MtGox we seem to have reached some sort of stalemate situation. |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 21, 2013, 06:18:45 PM |
|
LOL WTF? Saturday idiot?
|
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
September 21, 2013, 06:49:17 PM |
|
<irrelevant exclamation without context/>
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
September 21, 2013, 06:50:12 PM |
|
lol wtf is going on here  where's chart buddy? |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 21, 2013, 06:56:00 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. |
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
September 21, 2013, 06:57:43 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. nope. what happened? |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 21, 2013, 07:02:45 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. nope. what happened? You can look at them now. |
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
September 21, 2013, 07:03:46 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. nope. what happened? ~300 buy followed by ~1500 sell...? Not really sure what the big deal is. Nothing uncommon at all happened. |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 21, 2013, 07:10:08 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. nope. what happened? ~300 buy followed by ~1500 sell...? Not really sure what the big deal is. Nothing uncommon at all happened. Wasn't a huge deal, but random out of nowhere on a rather slow Saturday. Pretty much a 'Saturday idiot' scared for no reason, selling and bringing the price back to the rising July trendline. OR someone trying to induce a panic on a slow day... but still only selling to bring the price to the trendline and no one else seems to be biting the fear bait. If they genuinely just want the money, it wouldn't be that hard to sell in chunks and get a better price. |
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
September 21, 2013, 07:21:42 PM |
|
<irrelevant exclamation without context/>
I guess you weren't watching the charts half an hour ago. nope. what happened? ~300 buy followed by ~1500 sell...? Not really sure what the big deal is. Nothing uncommon at all happened. Wasn't a huge deal, but random out of nowhere on a rather slow Saturday. Pretty much a 'Saturday idiot' scared for no reason, selling and bringing the price back to the rising July trendline. OR someone trying to induce a panic on a slow day... but still only selling to bring the price to the trendline and no one else seems to be biting the fear bait. If they genuinely just want the money, it wouldn't be that hard to sell in chunks and get a better price. I doubt that. Im sure if someone bought 1500 you wouldnt have said a thing, although I would say that person is a moron. Everyone has their criteria for when to sell and buy. This person might have said, "Hey look, even $10 lower, still.. no one is buying." After the tiny 300 buy. Someone always has to be the leader. Are those who sold above $140 idiots, currently? No. Were they before, according to your criteria? Yes. |
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
|
September 21, 2013, 07:26:48 PM |
|
Wow, 300 you say? I'm glad I woke up early this weekend.
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
September 21, 2013, 07:33:47 PM |
|
dont worry guys, i'll buy buying it up till the end of time do you appect bitcoin as payment  |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 21, 2013, 07:34:18 PM
Last edit: September 21, 2013, 07:58:31 PM by NamelessOne |
|
Currently we are not at a top, but at the bottom of a rather large triangle AND a trendline that has been climbing since July. The sell hit the trendline perfectly, and there were no panic sells to follow, probably because of the trendline support. The price had also been stabilizing for two days so it was rather random. Perhaps this persons goal was to simply hit the trendline again to further convey its supportive strength to others in the market.
Selling at the 140s would have been selling close to the top of the triangle and could be smart if the plan is to buy at the bottom of it. Buying at the lower end of the triangle would a a reasonably smart idea. Selling at the bottom of the triangle, but not selling enough to burst through the supporting trendline... not so smart unless you need 150k immediately and can't wait a couple hours to slowly sell and make more money.
|
|
|
|
|
|
Poll
