big fish buying. ill follow.

[XXthetimeisnowXX]

just saw an 80BTC buy then a 60BTC buy then a 296BTC buy then a 330BTC buy another 80 and another 60

i just went to coinbase and bout up all i could afford. not 300 but a lot and i think the big cats know something so im game ill buy.

I know you bears are gunna hate on me but i dont care if i saw a 300 sell and another 300 and all those medium sells i would sell so ill follow the big fish. so many big buys just went in another 80, 60, 40, 25, 180, and sells are like one or two bitcoins. the biggest sell order i see on bitcoinity is for 14.

this works for me about 85% of the time.

i got in at 87.20 on coinbase. now its 89.80 to buy in. keep it up big fish. lets go to 120 then ill sell  

[codesuela]

im sorry but these amounts are pocket change (in terms of market impact) and certainly not what is considered a big fish aka whale. anyway good luck to you friend.

[vokain]

11M bitcoins

[Bitobsessed]

11M bitcoins

This.

[Wagner2014]

If the big fish are buying, why is the volume tiny and the price stagnant? I think you need to rethink your original idea/post.

[Kluge]

[phorensic]

Man I remember the good old days when Gox would do almost 100,000 BTC in a 24 hour period.

[BitChick]

Man I remember the good old days when Gox would do almost 100,000 BTC in a 24 hour period.

Right.  What happened to 100,000?  Sigh.  It seems rather boring now.

[XXthetimeisnowXX]

ha! nice one hahaha love it. ya i know three hundred is not the whale but its a bigger fish then me. ok so im a minnow. no not a hatchling but 50-60 holding and another half that in fiat side for buying when it dips.

but ya if you can afford to buy 300 "oh so risky" chips then ya thats a big fish in my book. There is big fish and then sharks and then Whales. over a mil in fiat or 10,000 BTC and you are a whale. you got 30,000.00 to buy at once on coin than yes you are a big fish. and if you think that thirty thousand is not that much and is nothing then you are a silver spoon. if you are saying "in the grand skeem of things" ya its not a tone but look again. 125k in twenty minutes. that is what i was following. thats all. if you see several 300 buys go buy and the price jumps looks like a rocket then get the cheep. you never know if its a blip (i guess it kinda turned out it was just that) or you could be on the base level of a boom. im still used to seeing it jump up 20 bucks in an hour still liven in February i guess.  and just now big dip. ha damn coins they will be the death of me. just kidding. i gotta make sure people know i am joking. there are some very very literal people on this damn thing.  anyways I hope it goes up for everyone personaly. back to the 150s thats all i ask for.

[Kluge]

Man I remember the good old days when Gox would do almost 100,000 BTC in a 24 hour period.

Right.  What happened to 100,000?  Sigh.  It seems rather boring now.

Gox no longer handles the vast majority of BTC exchange volume. Well - they still do more than all other exchanges combined, but not nearly what they used to do (don't hold me to the chart being accurate within a ~10% range, but it's a fair indicator). http://bitcoincharts.com/charts/volumepie/

I think a strong trend toward private selling (due to a large-enough number of factors that I don't feel like listing them) is also contributing to a lower overall volume on exchanges.

Volume - and this is probably the biggest factor - has also pretty low at this particular moment because the price has been exceptionally stable, so there isn't much volume from traders.... but we all know that could change within a few minutes at any time. The $2xx-~$60 crash took about 7 days and saw nearly 2M BTC trade on Gox alone. Since mid-May, though, it's been unusual for Gox volume to exceed 100k/day. It doesn't help that Gox hasn't processed a USD wire withdrawal since just a bit after that time...

It'll be interesting to see if BTC prices plummet on Gox once (if) they start pushing USD out again. Right now, BTC on Gox commands a 10-15% premium over other exchanges, I assume because it's much easier to move BTC on Gox than USD. Gox could make tens or hundreds of millions just by selling BTC bought on other exchanges with the USD they can't (or won't!) send out to customers.... 

[XXthetimeisnowXX]

take a look at bitcoinity, on usd mt gox, look at those three jumps when you put the selector at 24hrs. the point is there are thee jumps of volume that is between 125 and 150 thousand. price is on the slow up hill and i can dig that. there have been some what significant gains with a few big buys driving it. tell me that is not true. 

[Pruden]

Bitstamp is the same than two days ago due to several dumps in the hundreds and a couple in the thousands... No, it is not true that there have been significant gains. And since you only learned a few days ago how price is determined, I would try to learn more and post less if I were you. 

[MJGrae]

I would consider 300 in one trade to be a player. I work in a pit where we can have 50k contract trades and yet we consider any trade above 1000 contracts to be a player.

[XXthetimeisnowXX]

Bitstamp is the same than two days ago due to several dumps in the hundreds and a couple in the thousands... No, it is not true that there have been significant gains. And since you only learned a few days ago how price is determined, I would try to learn more and post less if I were you.  

when did i say bitstamp? look at gox my man, look at it right now on bitcoinity. I hat repeating my self. look at MT GOX and THE USD THE JUMP UPS. and no i did not just learn a few days ago. i was just bringing up a point. I have been traiding coins since late 2011. haha i was buying them when they were 2.50  I remember dropping only 250 and getting 100 coins. but your right there have not been a 705 169 141 252,268  218 186 coin buys in the last five minutes. haha can you buy seven hundred five coins at one time? thats over 66K in one buy. your right no big fish are buying. go ahead and wait. there is no significant buys going on.

woops there is another 471 coin buy. ya thats just pocket change for me too.... now where did you put that silver spoon?