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Author Topic: Holy Demand Batman!  (Read 1320 times)
YoYa
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June 28, 2011, 06:09:37 PM
 #1



+ 40,000 BTC towards 15.......somebody must be keen to buy some Drugs/Socks/Pizza whathaveyou :p

Don't know about you, but I'm hoping for an interesting evening, also kinda crazy that gox has it's order books full again so quick.
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SgtSpike
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June 28, 2011, 06:12:21 PM
 #2

I think now that everyone who has sold their coins in anticipation of a great big crash has realized that said crash isn't going to happen, and are now looking to buy back in at a low price (probably because they sold even lower).

JMO.
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June 28, 2011, 06:36:32 PM
 #3

Or people are just planting buy walls to keep the price from falling.  Nobody is really trading. 

Another explanation is that people are parking all their money expecting a crash and not really looking at the data. 
proudhon
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June 28, 2011, 06:45:55 PM
 #4

Wow.  Almost $750,000 in bids visible vs a little over $500,000 in asks visible.
YoYa
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June 28, 2011, 07:26:55 PM
 #5

17.003222 (6)329856073
16.507253 (12)15235254098


Real strong support.....a fair bit up since I last looked.
Going towards a bid depth of 50,000 Smiley
DrYe5
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June 28, 2011, 07:31:17 PM
 #6

We've been in this position before.

Previous Run Up to 30

upload gif

Present Run Up to 30?

wordpress image hosting

tips: 14Z1Bwa8bgEWphjD2qqaXMTY9ucutwuTw8
YoYa
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June 28, 2011, 10:41:24 PM
 #7

See, this is what I hate about having to sleep:




In the true spirit of speculation......demand is there, but the miners haven't been offloading too much since Gox reopened.....wonder what I'll wake to Smiley
Oldminer
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June 28, 2011, 10:45:38 PM
 #8

Yea saw this earlier and was going to post about it.

Holy fucking tidal wave!

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
TurboK
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June 29, 2011, 02:01:56 AM
 #9

We've been in this position before.

Previous Run Up to 30

upload gif

Present Run Up to 30?

wordpress image hosting

I really hope we'll hit $30 again, it would make my mood so much better. And then, it should stay at $30 stable for a while too. Or at least, make it fluctuate in some direction. With the difficulty becoming so high, mining is becoming completely useless for single-card users.

There'll be one last hurrah still if the Radeon 7xxx lands next month (if...), but after that, the difficulty will make mining unprofitable compared to the price in electricity.

12zJNWtM2HknS2EPLkT9QPSuSq1576aKx7

Tradehill viral bullshit code: TH-R114411
Jack of Diamonds
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June 29, 2011, 02:39:21 AM
 #10

There'll be one last hurrah still if the Radeon 7xxx lands next month

That's not really going to happen considering they only entered production this month.
Hell, the 6990 just came out a few months ago.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
TurboK
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June 29, 2011, 03:12:57 AM
 #11

That's what I meant by "if". It depends on too many factors anyway:
- the new shader arc needs to perform as good as the old WLIV in bruteforcing applications (so we can get the projected 2x performance based on the shader numeber)
- drivers don't cause issues, existing apps work on the new cards from the getgo
- prices aren't outrageous
- IF performance is indeed a 2x jump, they have to come out before the increase in difficulty invalidates their power from the getgo (so it is economical to invest in the cards - a change from, say, 0.02 to 0.04 btc per card per day won't make it worth the upgrade on current mining rigs, unless btc value jumps to $300 by the time the cards come out).


Also, the previous run to $30 was caused by some wacko buying over 3000 btc in the right moment, jacking the prices up by $4 and causing speculators to buy en masse lest they miss the gravy train. To cause a jump of $4 right now, one would need to buy waaaaaaay over 15k btc. So unless all sellers back out momentarily, I don't see how a run to $30 will happen soon.

But, mtgox only just reopened, so I have a feeling that a real rush has yet to happened. Fun things may happen by thurdsday/friday, once wire transfers go through to dwolla. Maybe.

12zJNWtM2HknS2EPLkT9QPSuSq1576aKx7

Tradehill viral bullshit code: TH-R114411
FooDSt4mP
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June 29, 2011, 04:18:01 AM
 #12

That's what I meant by "if". It depends on too many factors anyway:
- the new shader arc needs to perform as good as the old WLIV in bruteforcing applications (so we can get the projected 2x performance based on the shader numeber)
- drivers don't cause issues, existing apps work on the new cards from the getgo
- prices aren't outrageous
- IF performance is indeed a 2x jump, they have to come out before the increase in difficulty invalidates their power from the getgo (so it is economical to invest in the cards - a change from, say, 0.02 to 0.04 btc per card per day won't make it worth the upgrade on current mining rigs, unless btc value jumps to $300 by the time the cards come out).


Also, the previous run to $30 was caused by some wacko buying over 3000 btc in the right moment, jacking the prices up by $4 and causing speculators to buy en masse lest they miss the gravy train. To cause a jump of $4 right now, one would need to buy waaaaaaay over 15k btc. So unless all sellers back out momentarily, I don't see how a run to $30 will happen soon.

But, mtgox only just reopened, so I have a feeling that a real rush has yet to happened. Fun things may happen by thurdsday/friday, once wire transfers go through to dwolla. Maybe.

Lots of people with free trades = high liquidity = stability and sanity in pricing

As we slide down the banister of life, this is just another splinter in our ass.
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