Bitcoin Forum
December 10, 2016, 01:23:31 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 [848] 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 ... 1189 »
  Print  
Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652451 times)
Rothgar
Sr. Member
****
Offline Offline

Activity: 375


Tune in to Neocash Radio


View Profile WWW
March 31, 2013, 09:31:39 PM
 #16941


Then you have to concede that the price could go to $0 or to $1M in the next day. In fact the next second. If you use charts before you buy and sell, you are doing technical analysis.

I like your user name by the way.

Of course the price could go to $0 or $1M in the next second.  The chances are slim, but of course this is possible.  A chart tells me what the price was in the past I don't know what's so technical about that.  

I think it is more likely that the BTC price will go above the green line and then below the red line before April 2014.  Does your picture suggest this?  No.  That is my analysis, do you think it's technical?    

Visit http://neocashradio.com for the premier weekly bitcoin podcast.
Follow neocashradio on twitter.  https://twitter.com/NeocashRadio
1481333011
Hero Member
*
Offline Offline

Posts: 1481333011

View Profile Personal Message (Offline)

Ignore
1481333011
Reply with quote  #2

1481333011
Report to moderator
1481333011
Hero Member
*
Offline Offline

Posts: 1481333011

View Profile Personal Message (Offline)

Ignore
1481333011
Reply with quote  #2

1481333011
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
befuddled
Member
**
Offline Offline

Activity: 74


View Profile
March 31, 2013, 09:58:31 PM
 #16942

Dear guy with the 2k sell wall @ 93.5,

                                                    Everyone hates you.

     
                                                                                   Bear

ha ha +1

But it's not always the whole story. Those who actually want to buy are glad to see a wall anywhere they can find it because it lowers the cost at which their market order for a fixed number of BC gets filled. I don't doubt the idea that the motive behind sell walls is to push sellers to sell at a price more favorable for someone who is trying to buy. I bought a sell wall on Bitfloor (when that sell wall was lower than the last price on Gox, at around $10/coin). Not so large as 2K, but large for Bitfloor. So it doesn't always work out for them if that is indeed the intention behind it. Sell walls help the liquidity of the market. Among other things, they also make possible arbitrage bots, which can force the prices at different exchanges to be the same.
Zomdifros
Full Member
***
Offline Offline

Activity: 210



View Profile
March 31, 2013, 10:12:28 PM
 #16943


Is all technical analysis a waste of time then?


Yes


This is very much true, especially considering Bitcoin.

Technical Analysis is based on the assumption that all information regarding a certain asset is available in the market. The price of the asset is the optimal outcome of supply and demand and therefore all the information is reflected in the current and past price and things like volume traded.

In case of Bitcoin there is a huge asymmetry of information. If today everybody in the world who would at any time consider participating in this market knew not only of it's existence, but also profoundly understood the concept and all it's details, Bitcoin would trade for at least $100k right now. That is why it is considered impossible to consistently beat the market, unless you have a very long lucky streak.

Fortunately, information isn't always spread evenly so opportunities to make money do exist, think for example of insider trading, or investing as a venture capitalist in startups. All of us here are extremely lucky to have been presented the opportunity of knowing and understanding Bitcoin before the rest of the world finds out, because Bitcoin is probably going to be the most important startup in the history of capitalism. Investing in Bitcoin truly is the trade of the century.

solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
March 31, 2013, 10:54:02 PM
 #16944


Is all technical analysis a waste of time then?


Yes


This is very much true, especially considering Bitcoin.

Technical Analysis is based on the assumption that all information regarding a certain asset is available in the market. The price of the asset is the optimal outcome of supply and demand and therefore all the information is reflected in the current and past price and things like volume traded.

In case of Bitcoin there is a huge asymmetry of information. If today everybody in the world who would at any time consider participating in this market knew not only of it's existence, but also profoundly understood the concept and all it's details, Bitcoin would trade for at least $100k right now. That is why it is considered impossible to consistently beat the market, unless you have a very long lucky streak.

Fortunately, information isn't always spread evenly so opportunities to make money do exist, think for example of insider trading, or investing as a venture capitalist in startups. All of us here are extremely lucky to have been presented the opportunity of knowing and understanding Bitcoin before the rest of the world finds out, because Bitcoin is probably going to be the most important startup in the history of capitalism. Investing in Bitcoin truly is the trade of the century.

Guys. This graphic best describes the situation. TA is great for short-term trading, FA is needed for long-term analysis. The future of Bitcoin 2 years out must be based upon projection of fundamentals (if you can even guess them all).


phatsphere
Hero Member
*****
Offline Offline

Activity: 739


View Profile
March 31, 2013, 11:29:03 PM
 #16945

What happens on Easter Sunday night on Bitstamp, stays on Bitstamp. Right, Mr. Manipulator?
wachtwoord
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
March 31, 2013, 11:35:35 PM
 #16946


Is all technical analysis a waste of time then?


Yes


This is very much true, especially considering Bitcoin.

Technical Analysis is based on the assumption that all information regarding a certain asset is available in the market. The price of the asset is the optimal outcome of supply and demand and therefore all the information is reflected in the current and past price and things like volume traded.

In case of Bitcoin there is a huge asymmetry of information. If today everybody in the world who would at any time consider participating in this market knew not only of it's existence, but also profoundly understood the concept and all it's details, Bitcoin would trade for at least $100k right now. That is why it is considered impossible to consistently beat the market, unless you have a very long lucky streak.

Fortunately, information isn't always spread evenly so opportunities to make money do exist, think for example of insider trading, or investing as a venture capitalist in startups. All of us here are extremely lucky to have been presented the opportunity of knowing and understanding Bitcoin before the rest of the world finds out, because Bitcoin is probably going to be the most important startup in the history of capitalism. Investing in Bitcoin truly is the trade of the century.

Guys. This is graph best describes the situation. TA is great for short-term trading, FA is needed for long-term analysis. The future of Bitcoin 2 years out must be based upon projection of fundamentals (if you can even guess them all).



The fact that I never hold something for a short period might explain my aversion to TA? Wink

Beta-coiner1
Hero Member
*****
Offline Offline

Activity: 518


View Profile
March 31, 2013, 11:38:34 PM
 #16947

What happens on Easter Sunday night on Bitstamp, stays on Bitstamp. Right, Mr. Manipulator?
Lol,I was thinking the same.There have been a lot of purchases and highs on there or Bitfloor.I suspect 100 will be hit tomorrow through Bitstamp.

If you believe this post has helped,please donate-

1JfwAiV8WbT9HtmQVvnkJ6KwUy9gLjzxdK
Missionary
Full Member
***
Offline Offline

Activity: 224



View Profile WWW
March 31, 2013, 11:55:23 PM
 #16948

What happens on Easter Sunday night on Bitstamp, stays on Bitstamp. Right, Mr. Manipulator?
Lol,I was thinking the same.There have been a lot of purchases and highs on there or Bitfloor.I suspect 100 will be hit tomorrow through Bitstamp.

It's gonna be fun to see what happens when the banks open on monday and tuesday. I guess most european banks have a holiday on monday, right?

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
samson
Legendary
*
Offline Offline

Activity: 1092


View Profile
March 31, 2013, 11:59:55 PM
 #16949

What happens on Easter Sunday night on Bitstamp, stays on Bitstamp. Right, Mr. Manipulator?
Lol,I was thinking the same.There have been a lot of purchases and highs on there or Bitfloor.I suspect 100 will be hit tomorrow through Bitstamp.

It's gonna be fun to see what happens when the banks open on monday and tuesday. I guess most european banks have a holiday on monday, right?

They do have a holiday on Monday in Europe but I believe the Japanese banks are open tomorrow (today in Japan) so there will be new money arriving into MtGox very soon assuming it was sent Thursday / Friday.
Missionary
Full Member
***
Offline Offline

Activity: 224



View Profile WWW
April 01, 2013, 12:10:09 AM
 #16950

They do have a holiday on Monday in Europe but I believe the Japanese banks are open tomorrow (today in Japan) so there will be new money arriving into MtGox very soon assuming it was sent Thursday / Friday.

On that topic: The banking hours in Japan should already have begun.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
SlaveInDebt
Hero Member
*****
Offline Offline

Activity: 701


Your Minion


View Profile
April 01, 2013, 12:34:27 AM
 #16951


"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
zkay
Member
**
Offline Offline

Activity: 112



View Profile
April 01, 2013, 12:51:16 AM
 #16952



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.

Currently trying to learn ruby on rails - - coding is the future. The future is now.

Donations appreciated: 1JFQhMBERjQ6BBGof6YAGCx33SngK4R9Ag
wachtwoord
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
April 01, 2013, 12:52:39 AM
 #16953



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.

Would you care?

zkay
Member
**
Offline Offline

Activity: 112



View Profile
April 01, 2013, 12:55:50 AM
 #16954



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.

Would you care?

Yes, infact I'd be alarmed, seeing as I'm hoping for it to get to a certain valuation before I can cash out and buy a few big ticket items (for me, at least).

Currently trying to learn ruby on rails - - coding is the future. The future is now.

Donations appreciated: 1JFQhMBERjQ6BBGof6YAGCx33SngK4R9Ag
bitarrow
Full Member
***
Offline Offline

Activity: 184



View Profile
April 01, 2013, 01:12:16 AM
 #16955



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.
$40 would be an awesome day! buy buy buy
Zomdifros
Full Member
***
Offline Offline

Activity: 210



View Profile
April 01, 2013, 01:29:48 AM
 #16956



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.
$40 would be an awesome day! buy buy buy

What if Bitcoin itself is some elaborate april fool staged by an anonymous nerd back in 2009?

Only he happened to be a very talented developer and his creation got a life of it's own?

bitarrow
Full Member
***
Offline Offline

Activity: 184



View Profile
April 01, 2013, 01:37:30 AM
 #16957



Heh, wouldn't that be quite the surprise? We all wake up tomorrow and it's down to $40 or something.
$40 would be an awesome day! buy buy buy

What if Bitcoin itself is some elaborate april fool staged by an anonymous nerd back in 2009?

Only he happened to be a very talented developer and his creation got a life of it's own?
Then I would say all developers/programmers that have reviewed the client and protocol code are either idiots or involved with the hoax. Im not worried Smiley
However I wonder if Satoshi has thousands of BTC locked in multiple brain wallets Smiley And cashed it all in On April 1st. This would be more plausible
oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
April 01, 2013, 01:54:02 AM
 #16958


Is all technical analysis a waste of time then?


Yes


This is very much true, especially considering Bitcoin.

Technical Analysis is based on the assumption that all information regarding a certain asset is available in the market. The price of the asset is the optimal outcome of supply and demand and therefore all the information is reflected in the current and past price and things like volume traded.

In case of Bitcoin there is a huge asymmetry of information. If today everybody in the world who would at any time consider participating in this market knew not only of it's existence, but also profoundly understood the concept and all it's details, Bitcoin would trade for at least $100k right now. That is why it is considered impossible to consistently beat the market, unless you have a very long lucky streak.

Fortunately, information isn't always spread evenly so opportunities to make money do exist, think for example of insider trading, or investing as a venture capitalist in startups. All of us here are extremely lucky to have been presented the opportunity of knowing and understanding Bitcoin before the rest of the world finds out, because Bitcoin is probably going to be the most important startup in the history of capitalism. Investing in Bitcoin truly is the trade of the century.

Guys. This graphic best describes the situation. TA is great for short-term trading, FA is needed for long-term analysis. The future of Bitcoin 2 years out must be based upon projection of fundamentals (if you can even guess them all).



I agree with what user "David M" once said, when the price makes a new high, every technical analysis/trend becomes invalidated, you have to start all over again.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
The-Real-Link
Hero Member
*****
Offline Offline

Activity: 530



View Profile
April 01, 2013, 02:49:39 AM
 #16959

More wall pics?  Sure.

The bull run is starting early this week Wink

Also, listentobitcoin is pretty neat.  Didn't see that huge buy ping on it though.




Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
ehoffman
Sr. Member
****
Offline Offline

Activity: 364


View Profile
April 01, 2013, 02:53:19 AM
 #16960

Yup, I just saw the 2K wall-eater buy transaction Smiley

Like my comments?  Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw
Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc Smiley
Pages: « 1 ... 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 [848] 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 ... 1189 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!