blatchcorn
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October 06, 2014, 07:56:08 AM |
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Studying the charts this morning: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfNEy5Wd.jpg&t=665&c=m4Wa6-_XMkn0Vg)
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ShroomsKit
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October 06, 2014, 07:56:21 AM |
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I didn't read the last 8 hours of posts. He had a 30k wall before. Now the last thing i saw was a 15k wall being eaten. Did anything happen to that other 15k? Is it gone as well?
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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October 06, 2014, 07:56:23 AM |
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There's less than 30k bitcoins to $3000 on stamp.
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ShroomsKit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 06, 2014, 07:57:57 AM |
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There's less than 30k bitcoins to $3000 on stamp.
As always more will be added as we go up.
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micalith
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October 06, 2014, 07:58:43 AM |
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This here makes sense to me: more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp. Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
So sideways-ish for the next 2 months or so
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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October 06, 2014, 08:00:09 AM |
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There's less than 30k bitcoins to $3000 on stamp.
Are you serious ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) we never look at the ask side because always, and I mean always when the price go a bit up new asks shows up, simply because people are not comfortable leaving their coins on an exchange, they send them when they see a good opportunity to sell. in the other side we look at bids because sending money to an exchange is not that fast.
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ChartBuddy
Legendary
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 06, 2014, 08:01:09 AM |
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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October 06, 2014, 08:01:12 AM |
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This here makes sense to me: more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp. Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
So sideways-ish for the next 2 months or so More time for me to sell kidneys to buy more coins!
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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October 06, 2014, 08:01:33 AM |
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Wall is gone. Prepare for nasty drop this week.
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Davyd05
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 06, 2014, 08:02:50 AM |
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This here makes sense to me: more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp. Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
So sideways-ish for the next 2 months or so 3600 is nothing, it is just 12% percent of a wall that just got munched. Thanks for being a cud bear tho So much ignoring and Fonzie has been making more sense then the despair bears left
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Asrael999
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 06, 2014, 08:05:15 AM |
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This here makes sense to me: more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp. Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
So sideways-ish for the next 2 months or so 3600 is nothing, it is just 12% percent of a wall that just got munched. Thanks for being a cud bear tho So much ignoring and Fonzie has been making more sense then the despair bears left I'm not a bear - HODLING with the rest.
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bitsword
Newbie
Offline
Activity: 11
Merit: 0
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October 06, 2014, 08:05:40 AM |
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Wall is gone. Prepare for nasty drop this week.
You mean today? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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magicmexican
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October 06, 2014, 08:05:44 AM |
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When do you think btc-e will reclaim their spot from stamp?
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mooncake
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October 06, 2014, 08:10:10 AM |
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Now that the sell wall is gone, we are going down. How ironic! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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aclass
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October 06, 2014, 08:11:04 AM |
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What else do you expect. The market bought on hype and now it will correct itself
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Bagatell
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October 06, 2014, 08:14:45 AM |
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The market bought on hype and now it will correct itself
That wall was eaten by 100 and 1000 coin bites. Hardly your average market players.
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ShroomsKit
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October 06, 2014, 08:16:18 AM |
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What else do you expect. The market bought on hype and now it will correct itself
Just traders screwing it up. As always.
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aclass
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October 06, 2014, 08:16:43 AM |
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I mean everything after the wall was gone. The 30k wall might have been a trap as well but time will tell. Too much hype ... wayy too much The market bought on hype and now it will correct itself
That wall was eaten by 100 and 1000 coin bites. Hardly your average market players.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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October 06, 2014, 08:18:21 AM |
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The market bought on hype and now it will correct itself
That wall was eaten by 100 and 1000 coin bites. Hardly your average market players. 1000's of new Bagholders that will panic cut loose if another early adopter divest.
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 06, 2014, 08:20:22 AM |
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What a weekend we have survived, eh? Crazy stuff
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