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Author Topic: The Great Wall of March 26  (Read 3609 times)
ineededausername
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March 27, 2012, 04:41:28 AM
 #1



This post was made so that months after this wall falls, we will still be able to see exactly how it looked on the day of its construction.

I salute he who has made me believe in rockets again. 

(BFL)^2 < 0
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Crypt_Current
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March 27, 2012, 04:42:52 AM
 #2

Hopefully it falls in the correct manner

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March 27, 2012, 05:28:03 AM
 #3

you on the short side ?   Shocked Shocked

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March 27, 2012, 05:34:05 AM
 #4

he means to the right.
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March 27, 2012, 01:12:09 PM
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wtf, I just randomly noticed this, was sure there must be a thread about it already, sure enough  Cool

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March 27, 2012, 01:16:18 PM
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Wow, it’s impressive to see that the market has learnt to competely ignore indvidual walls. Grin

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"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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March 27, 2012, 01:45:02 PM
 #7

Wow, it’s impressive to see that the market has learnt to competely ignore indvidual walls. Grin

There are only so-many times that "The Hammer" can get used... before people stop looking at the depth (other than for calculating slippage of-course).

One off NP-Hard.
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March 27, 2012, 02:01:45 PM
 #8

the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.
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March 27, 2012, 02:05:41 PM
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the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

nope...
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March 27, 2012, 02:07:24 PM
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the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember.  it was only around $130K.  correct me if i'm wrong.
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March 27, 2012, 02:08:32 PM
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the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember.  it was only around $130K.  correct me if i'm wrong.

Ive seen a pic of the wall at $2 somewhere...
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March 27, 2012, 02:09:38 PM
 #12

We really need historic depth.

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March 27, 2012, 02:13:10 PM
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We really need historic depth.

yes ideally.  but if you're a Bear who's shorting, you'd have to say the same thing about ask depth.
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March 27, 2012, 02:41:04 PM
 #14

Somebody sell into it... I wanna see...
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March 27, 2012, 02:57:53 PM
 #15

I have learned countless times to ignore walls..

They say nothing..

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March 27, 2012, 03:00:39 PM
 #16

the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember.  it was only around $130K.  correct me if i'm wrong.

Ive seen a pic of the wall at $2 somewhere...

The wall at $2.2 was the first thing I thought of when I saw this new wall at $4.6.

It was 50k BTC.  It was removed overnight, but price only dropped to $1.949 (iirc) on weak selling volume.  It was back up the following day.



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cypherdoc
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March 27, 2012, 03:02:32 PM
 #17

I have learned countless times to ignore walls..

They say nothing..

thats not entirely true.

yes, ppl can try to manipulate them but it comes at great risk as they might not be able to get out of the way of a market order which sweeps thru their wall.

also, true buyers and sellers do put up limit orders in plain sight in hopes of catching a wave of buying or selling thru their orders when they're asleep.  they're happy to accept the execution at that price point regardless.

this one is real.  it hasn't budged and any sellers or shorters are welcome to take the money now.
Sergey (imcex.com)
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March 27, 2012, 03:36:14 PM
 #18

Consider the wall at 4.6 to be the declared capability of buying equivalent of $200k bitcoins. Even if the wall disappears.

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March 27, 2012, 03:55:42 PM
 #19

the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

The $2 walls were a much larger portion of the market.  MtGoxLive's graph showed 50K BTC on the bid wall and 25K BTC in other bids... this time it's 45K BTC on the bid wall and 115K BTC in other bids.


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March 27, 2012, 04:27:07 PM
 #20

the last time we had a wall of this size and determination was at $2.  i was a part of that.  i think we have a new bottom.

The $2 walls were a much larger portion of the market.  MtGoxLive's graph showed 50K BTC on the bid wall and 25K BTC in other bids... this time it's 45K BTC on the bid wall and 115K BTC in other bids.




yes but the # of USD's is larger.

there's no denying this is bullish.  i've said $4 is the new $2 psychologically.  you're free to disagree but this bid has been put front and center @ $4.60.  someone wants IN in a big way.
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