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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649406 times)
Yuhfhrh
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August 01, 2012, 06:48:28 AM
 #1021

Its about time for one of your drawings adam!
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adamstgBit
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August 01, 2012, 06:50:05 AM
 #1022

oh sweet a glimmer of hope for my 8$ buy back!



Its about time for one of your drawings adam!

lol! soon  Cheesy

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August 01, 2012, 06:53:19 AM
 #1023

oh sweet a glimmer of hope for my 8$ buy back!



Its about time for one of your drawings adam!

lol! soon  Cheesy


I inverted it for you lol

What I don't understand is why someone wants to sell his btc at 9.415 instead of just tearing down the buy wall at 9.40... UNLESS he has more BTC to sell than the entire buy wall  Lips sealed

Edit:
Adam, your glimmer of hope is crazy: "9.40 is not nearly enough! I must have 9.40019!"
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August 01, 2012, 07:11:52 AM
 #1024

LOL!

Yuhfhrh
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August 01, 2012, 07:15:35 AM
 #1025

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.

Edit: Your hope has been eaten alive, followed by more support.
Edit2: This is exciting! Only ~22.5k BTC on the orderbook until $10!
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August 01, 2012, 09:10:05 AM
 #1026

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.


No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.
Yuhfhrh
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August 01, 2012, 09:16:36 AM
 #1027

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.


No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.

Since I have been watching at least, no bitcoins have been sold into the buy wall, but bitcoins have been bought through the sell wall. (A.K.A. someone bought 2000 btc at 9.30 or less, watches this fiasco, puts a buy wall up of 7k btc at 9.40 without buying any coins, puts a smaller sell wall of 2k at 9.40001, and people gobble up the sell wall looking at the larger buy wall)
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August 01, 2012, 11:43:54 AM
 #1028

The whole incremental process seems very orchestrated to increase the price. Will there be a downside or will everyone just sheeple along?

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
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August 01, 2012, 11:53:48 AM
 #1029

The whole incremental process seems very orchestrated to increase the price. Will there be a downside or will everyone just sheeple along?

People want to be sheeple, because everyone wants the price to go up. But then there will probably be a dump of "no return" where we will head back down to the 5-7s. Just my 2 satoshi.
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August 01, 2012, 12:36:00 PM
 #1030

Not a single .001 went into the buy walls from these last 2 dumps, which is adding further to my belief the person with the wall is cashing out as much as he can at 9.40 and above.

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August 01, 2012, 12:42:03 PM
 #1031

Does 10,000 BTC for sale @9.5 on Bitcoinary.com count as a wall?

https://www.bitcoinary.com/en/trades/657
Maria is a troll.

She also makes claims of being a millionaire, having ties to The Underground™ and an algorithmic trading wizard.
Don't take anything for granted coming from this alias.

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.
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August 01, 2012, 12:43:02 PM
 #1032

Ehhhh, look at the volume on those "down" movements. Hardly any coins are being dumped, especially compared to the size of that wall. This isn't the same person.

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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August 01, 2012, 12:48:32 PM
 #1033

Ehhhh, look at the volume on those "down" movements. Hardly any coins are being dumped, especially compared to the size of that wall. This isn't the same person.

~5k BTC at least has been sold over the past 9 hours, and I've witnessed at least 3 "mini-dumps" where the buy wall wasn't hit at all. I'm suspicious!
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August 01, 2012, 12:58:56 PM
 #1034



The bears
The bulls

^^This^^ made my day hahaha  Grin

So true...

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August 01, 2012, 01:15:07 PM
 #1035


everybody else  Tongue

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.
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August 01, 2012, 04:14:13 PM
 #1036

LOL!

Think the person with the buy wall is the same person with the sell wall? If so, its working.


No, it doesnt. For it in order to work, the trader playing ping pong would at least have to make enough to cover the tx fee charged by MtGox (0.25% minimum per tx). If 9.40$ is the BID wall, then (9.40*1.0025=) 9.4235 would have to be the minimum for the ASK wall to be put to break even.

With the current setup (both walls put at 9.40XX$) this trader would operate at a loss of just under 0.25% with every tx.

That's a small price to pay to sample supply and demand.  You can then use this information to inform your trading.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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9.9.2012: I predict that single digits... <- FAIL


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August 01, 2012, 04:48:10 PM
 #1037

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:


http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.
You still think it's topped out? Smiley
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August 01, 2012, 05:04:32 PM
 #1038

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:


http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.
You still think it's topped out? Smiley

Nope

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.
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August 01, 2012, 08:18:19 PM
 #1039

bye bye Adam  Wink
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August 01, 2012, 08:20:59 PM
 #1040

How long did Bitcoin stick to a $1 price point?

Don't you worry about Bitcoin, let me worry about Bitcoin.

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