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Author Topic: 70k bidwall at $2.65  (Read 3448 times)
mjcmurfy
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November 29, 2011, 12:59:46 AM
 #1

 Shocked

Well, it looks as though the hopes of those elusive $1.xx coins have been well and truly dashed.
This is going to make for an interesting night!

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RyNinDaCleM
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November 29, 2011, 01:01:32 AM
 #2

I'm glad I took a nap!  Cheesy

mjcmurfy
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November 29, 2011, 01:02:02 AM
 #3

I'm glad I got back in at $2.20! Cheesy

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bittenbob
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November 29, 2011, 01:03:12 AM
 #4

holy crap i guess im screwed for trying to buy back in at 2.44

(add)

Good thing its only 3 bitcoins worth.
tulkos
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November 29, 2011, 01:04:22 AM
 #5

whoever it is hates letting their ghostlines disapear

"I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"

RyNinDaCleM
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November 29, 2011, 01:08:11 AM
 #6

whoever it is hates letting their ghostlines disapear

"I should by 70K BTC"
"No I should by 35K BTC"
"No I should by 70K BTC"
"No I should by 35K BTC"
"No I should by 70K BTC"
"No I should by 35K BTC"
"No I should by 70K BTC"
"No I should by 35K BTC"
"No I should by 70K BTC"

Indecisive bot...
Look at me, I'm this tall.  Roll Eyes

phorensic
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November 29, 2011, 01:09:22 AM
 #7

holy crap i guess im screwed for trying to buy back in at 2.44

(add)

Good thing its only 3 bitcoins worth.
I'm in the same boat.  Trading went flat last couple days.  Tried pulling some piddly 2-3% day trades off and buy back in at 2.40-2.45 and *bam*, now this huge spike.  Fail.
mjcmurfy
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November 29, 2011, 01:10:05 AM
 #8

What is interesting, is that for the first time, the manipulator seems to have changed his strategy.

Typically the manipulator would place a wall and wait for bids to accumulate, then there would be a massive sell off followed by pulling of the walls and a huge price drop. A lot of people will have been waiting for that again... but unfortunately for them, this time we saw a huge buy, and a new wall placed well in front of the last. Hope it didn't hurt all our poor shorting bears too much.

Our manipulator has changed from bearish to bullish tactics. This is definitive trend reversal behavior.

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bittenbob
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November 29, 2011, 01:10:45 AM
 #9

The one thing I have to wonder with this bidwall is if it holds the sell walls are lower than the bidwall up to $3. This means we could possibly see $3 bitcoin soon (but probably not).
phorensic
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November 29, 2011, 01:11:02 AM
 #10

Well tell him to reverse the tactic again!  I'm better at trading in a falling market dangit!
Vandroiy
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November 29, 2011, 01:14:01 AM
 #11

whoever it is hates letting their ghostlines disapear

"I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"
"No I should buy 35K BTC"
"No I should buy 70K BTC"

It's a "bug" with gox live. They like displaying orders twice as big first, then let it jump between 1x and 2x display. Just nonsense to irritate traders IMO. Or someone is getting really bad pay and never checked what his code does. Tongue
bittenbob
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November 29, 2011, 01:17:25 AM
 #12

Just speculating (because thats what this forum is for) but maybe this has to do with the fox news story last night? Maybe a new big player just had their money clear and is buying lots of bitcoin. Either that or the manipulator truely figures we have hit the bottom and is buying back in.
mjcmurfy
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November 29, 2011, 01:22:00 AM
 #13

Just speculating (because thats what this forum is for) but maybe this has to do with the fox news story last night? Maybe a new big player just had their money clear and is buying lots of bitcoin. Either that or the manipulator truely figures we have hit the bottom and is buying back in.

Maybe, a little from column A and a little from column B. We could speculate all night on the how's and why's of it. But in the end, what matters is that the downtrend is showing multiple signs of failure. I think we have now reached (and departed from) the bottom of the market. As the days go by, this scenario appears more and more likely.

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Jonathan Ryan Owens
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November 29, 2011, 01:23:20 AM
 #14


bittenbob
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November 29, 2011, 01:24:02 AM
 #15

The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?
Cluster2k
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November 29, 2011, 01:25:08 AM
 #16

Just speculating (because thats what this forum is for) but maybe this has to do with the fox news story last night? Maybe a new big player just had their money clear and is buying lots of bitcoin. Either that or the manipulator truely figures we have hit the bottom and is buying back in.

If somebody new is buying in I really doubt they would put up a nice large bid 'wall' like that.  It's our friend, the market player, coming back in for another spin.

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phorensic
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November 29, 2011, 01:31:06 AM
 #17

The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?
Good question.
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November 29, 2011, 01:31:14 AM
 #18

The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?
Fuck it.

Either everything or nothing. This asshole can wipe me out if he wants to but he has to loose as well in order to do it. (Buy them back higher than he sold)

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
mjcmurfy
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November 29, 2011, 01:33:55 AM
 #19

The real question is show those of us who were trading on small margins and just got burned back buy in now before it goes even further?

That is a difficult one to answer. It depends what your objectives and interests are, what your trading strategy is, and your general outlook for the bitcoin system. If you want hold bitcoins, then definitely yes. If you want to gamble on the probability of the price rising, you probably should. If you think the price is more likely to fall, then you shouldn't. If you are asking for trading advice from the users of this forum... be careful. Words come from the teeth out and interests can become very conflicted here.

As I already mentioned, I bought back in at $2.20 and recommended at the time that others do the same. So I will recommend that again now, because my opinion has not changed. I think we have already hit rock bottom, and that the downward trend of the past several months has finally shown signs of breaking. But also take into consideration that I am already 40c/coin up before you listen to me. My view is of the long term however, and I tend to ignore short term signals because the white noise does nothing but make me question my own decisions.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
bittenbob
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November 29, 2011, 01:36:33 AM
 #20

I want more coins, Im now hoping it goes low enough to get into my bid without freefalling... Im taking a 10% BTC hit on this but if voltatility happens around this price it can still be profitable in terms of bitcoins. I wont be "cashing out" until I can double up on my 6950 or get a decent sized SSD anyways and I have a good feeling about the long term price of bitcoins. I was just playing around hoping to get a few extra coins by riding the waves. Guess I crashed lol.
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