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ineededausername
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December 17, 2011, 03:47:30 AM |
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nice build up, better pull my shorts
$4 by Christmas, anyone?
This is starting to look huge.... I don't think I've ever seen 120k bitcoins on the bid side on mtgoxlive! The ask side looks flat compared to that giant wave. edit: Comparison of the depths: 20k BTC to 3.38, 20k BTC to 3.10 20k more to 3.75, 20k more to 3.00 Didn't we have a huge bid wall sitting there right before the last "crash" to $2? No... we had a small bid wall, I think it was only 10k BTC. We DEFINITELY didn't have this massive depth at any point in Bitcoin's history, I think. 120k BTC visible on mtgoxlive is a record, at least for me. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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old_engineer
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December 17, 2011, 03:55:46 AM |
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This is starting to look huge.... I don't think I've ever seen 120k bitcoins on the bid side on mtgoxlive! The ask side looks flat compared to that giant wave.
edit: Comparison of the depths:
20k BTC to 3.38, 20k BTC to 3.10
20k more to 3.75, 20k more to 3.00
Didn't we have a huge bid wall sitting there right before the last "crash" to $2? Nope, this is what it looked like on Nov. 13th right before the crash from $3 to $2:  Then during the crash, someone instantly and dramatically popped up a huge bidwall at one point:  So yeah, one big player has a lot of cash, and all the bids could be the same big player subtlely building up the bid orders. I don't think that's the case, but I wouldn't doubt that half the bid orders is this same big player. |
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ineededausername
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December 17, 2011, 04:39:59 AM |
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wow... see, people, there is definitely a single Manipulator (or a group of people under one leader, acting together)
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ineededausername
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December 17, 2011, 05:02:39 AM |
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wow... see, people, there is definitely a single Manipulator (or a group of people under one leader, acting together)
wow... see, people, there is definitely a group of Manipulated (or a larger group of people under one leader, responding together) ... Do you deny that there is a person with deep pockets playing the market? Do you deny that his moves cause volatility? Do you deny that the volatility his moves cause is not limited to only his initial sell/buy? Do you deny that, potentially, this could make money for the Manipulator? |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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December 17, 2011, 06:35:35 AM |
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nice build up, better pull my shorts
$4 by Christmas, anyone?
This is starting to look huge.... I don't think I've ever seen 120k bitcoins on the bid side on mtgoxlive! The ask side looks flat compared to that giant wave. edit: Comparison of the depths: 20k BTC to 3.38, 20k BTC to 3.10 20k more to 3.75, 20k more to 3.00 We may have never seen 120k bitcoins demanded, but we've definitely seen more money on the bid side of things. When the price was higher just a couple months ago there was a period of time when the bids outnumbered the asks by a lot and there was something like $700,000 of visible bid orders on MtGoxLive. Versus ~$350,000 visible bid orders on MtGoxLive right now. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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julz
Legendary
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Activity: 1092
Merit: 1001
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December 17, 2011, 01:30:09 PM |
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We may have never seen 120k bitcoins demanded, but we've definitely seen more money on the bid side of things. When the price was higher just a couple months ago there was a period of time when the bids outnumbered the asks by a lot and there was something like $700,000 of visible bid orders on MtGoxLive. Versus ~$350,000 visible bid orders on MtGoxLive right now.
Yeah.. we've definitely seen some decisive moves in the opposite direction to that which would be intuitively predicted by looking at the bid/ask curves. While I'd take a punt that the current bid dominance will provide a little upwards movement in the next few weeks, I wouldn't bet big on it. |
@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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ineededausername
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December 17, 2011, 02:26:37 PM |
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wow... see, people, there is definitely a single Manipulator (or a group of people under one leader, acting together)
wow... see, people, there is definitely a group of Manipulated (or a larger group of people under one leader, responding together) ... Do you deny that there is a person with deep pockets playing the market? Do you deny that his moves cause volatility? Do you deny that the volatility his moves cause is not limited to only his initial sell/buy? Do you deny that, potentially, this could make money for the Manipulator? No. Nor do I care. If people are that easily "motivated" then I applaud anyone able to take advantage of it. Plus it supplies hours of entertaining reading material. ...And this is why we talk about the manipulator  |
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