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hybrid
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June 02, 2013, 05:09:50 AM
 #21
Quote from: grue on June 02, 2013, 02:23:44 AM
You do realize these "walls" tend to vanish once the the price gets close to them, right?

What would be the motive for somebody doing that?  Why would they try to create a false sense of support at a certain price?
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June 02, 2013, 05:13:25 AM
 #22
Quote from: hybrid on June 02, 2013, 05:09:50 AM
Quote from: grue on June 02, 2013, 02:23:44 AM
You do realize these "walls" tend to vanish once the the price gets close to them, right?

What would be the motive for somebody doing that?  Why would they try to create a false sense of support at a certain price?

The theory goes that by creating a bid wall, a market participant who intends to sell can get a higher price for his coins.
https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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June 02, 2013, 08:25:12 AM
 #23
The wall just fell.

We are dropping fast.

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Jozzaboy
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June 02, 2013, 08:26:02 AM
 #24
What happened? $1.5 million just sold off???
BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF
I also accept precious metals, no paper money please.
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June 02, 2013, 08:27:38 AM
 #25
Quote from: Jozzaboy on June 02, 2013, 08:26:02 AM
What happened? $1.5 million just sold off???
Yep.

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cedivad
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June 02, 2013, 08:28:12 AM
 #26
Quote from: Zotia on June 02, 2013, 08:27:38 AM
Quote from: Jozzaboy on June 02, 2013, 08:26:02 AM
What happened? $1.5 million just sold off???
Yep.
Lol, cool! Cheesy
My anger against what is wrong in the Bitcoin community is productive:
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Hashfast.org - Wiki for screwed customers
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June 02, 2013, 08:28:54 AM
 #27
bye bye wall hello under 120$
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June 02, 2013, 08:29:07 AM
 #28
Not ideal..
Zotia
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June 02, 2013, 08:29:14 AM
 #29
Over 2 million USD sold in the last 10 minutes.

Wow.

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Zotia
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June 02, 2013, 08:33:54 AM
 #30
Quote from: Zotia on June 02, 2013, 08:29:14 AM
Over 2 million USD sold in the last 10 minutes.

Wow.

Over 3.25 million sold now and the order is still being processed.

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.TokenUnion.
█
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Incentivized Holding
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torba
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June 02, 2013, 08:55:11 AM
 #31
And thus an average day in bitcoin
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June 02, 2013, 09:02:41 AM
 #32
Wonder what that guy knows that we don't... hopefully nothing too terrible  Undecided

Not fantastic news for BTC bulls but kinda reassuring that, so far, at least, the markets can accommodate a sell-off this large without a flash-crash.

Anyhow looks like maybe he completed his order or decided that's enough for now @119btcusd.
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June 02, 2013, 09:14:10 AM
 #33
Is there a good chart anywhere that shows net transaction volume across the major exchanges in real-time?
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June 02, 2013, 09:33:29 AM
 #34
2M sold?  Cheesy
2M vanished, removed, canceled, maybe...by its owner!
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June 02, 2013, 09:42:48 AM
 #35
6045.8357  Bitcoins at 125, whats up Bears ? ^^
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June 02, 2013, 09:44:22 AM
 #36
Welcome back  Cool
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June 02, 2013, 03:33:08 PM
 #37
Quote from: Adrian-x on June 02, 2013, 04:13:18 AM
Quote from: grue on June 02, 2013, 02:23:44 AM
You do realize these "walls" tend to vanish once the the price gets close to them, right?
So come on test it?
Apparently it was tested this morning (CET)
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June 02, 2013, 08:11:51 PM
 #38
Quote from: hyunmi on June 02, 2013, 03:33:08 PM
Quote from: Adrian-x on June 02, 2013, 04:13:18 AM
Quote from: grue on June 02, 2013, 02:23:44 AM
You do realize these "walls" tend to vanish once the the price gets close to them, right?
So come on test it?
Apparently it was tested this morning (CET)
Was it eaten, volume looks high enough to justify the claim.
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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June 02, 2013, 08:47:52 PM
 #39
Quote from: Seal on June 01, 2013, 12:46:45 PM
The manipulator is back Smiley
I love watching that bear, it wouldn't be the same without it.

You're actions will be rewarded.
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June 02, 2013, 10:34:27 PM
 #40
Quote from: pirateat4O on June 02, 2013, 08:47:52 PM
Quote from: Seal on June 01, 2013, 12:46:45 PM
The manipulator is back Smiley
I love watching that bear, it wouldn't be the same without it.

You're actions will be rewarded.

copycat troll account. fail haha
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