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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811501 times)
DougTanner
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April 02, 2013, 12:00:03 PM
 #17301

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?

No asks / very low asks is a very bad warning sign for me.

It suggests a peak of speculative greed. So the price is purely based on speculation and nothing else. This will end well  Roll Eyes

Yes, that's how I feel too, it means all the available Bitcoins are sitting off the charts, waiting to be sold in market orders after a peak is detected. A good % of those newbies who bought massive amounts in the last 3 months have got to be asking themselves "is 100% profit good enough, do I really want to risk losing it all"?

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samson
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April 02, 2013, 12:07:21 PM
 #17302

Yes, that's how I feel too, it means all the available Bitcoins are sitting off the charts, waiting to be sold in market orders after a peak is detected. A good % of those newbies who bought massive amounts in the last 3 months have got to be asking themselves "is 100% profit good enough, do I really want to risk losing it all"?

If the price goes down by $10 to $15 i have a feeling we would be inundated with realistic asks.

If the asks are there then the price can rise sensibly and so the cycle continues.
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April 02, 2013, 12:07:33 PM
 #17303

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?


It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny yellow streak of bids.
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April 02, 2013, 12:08:40 PM
 #17304

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?


It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny white streak of bids.

Don't you just love newbies coming in to tell us how this is just like 2011?  Grin
DougTanner
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April 02, 2013, 12:20:14 PM
 #17305

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?


It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny white streak of bids.

Don't you just love newbies coming in to tell us how this is just like 2011?  Grin

I was around in 2011, I just wasn't watching wall pics. That's why I was asking...

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Newscastix
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April 02, 2013, 12:28:34 PM
 #17306

Edit: 107.26! 107.30! 107.32! 107.65! 108.00!
oakpacific
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April 02, 2013, 12:45:56 PM
 #17307

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?


It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny white streak of bids.

Don't you just love newbies coming in to tell us how this is just like 2011?  Grin

I was around in 2011, I just wasn't watching wall pics. That's why I was asking...

We have seen several 2011 scale sell-offs already, and yes, a chain-fork.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 02, 2013, 12:51:40 PM
 #17308

This week is going to be batshit insane, practically no walls, massive media attention Cool

Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day?


It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny white streak of bids.

Don't you just love newbies coming in to tell us how this is just like 2011?  Grin

I'm going to have my IT department look into this bitcoin thing. I will let you guys know if it's legit.
lebing
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April 02, 2013, 12:55:14 PM
 #17309


I'm going to have my IT department look into this bitcoin thing. I will let you guys know if it's legit.


Bro, do you even blockchain?
-E Voorhees
DougTanner
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April 02, 2013, 12:56:51 PM
 #17310

$108, anyone know how to get the decimal places on BtcCharts? I seem to remember seeing before them but now they've disapeared?


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ManBearPig
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April 02, 2013, 01:02:31 PM
 #17311

$108, anyone know how to get the decimal places on BtcCharts? I seem to remember seeing before them but now they've disapeared?

I think we can dispense with decimal points from here on in Wink

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 02, 2013, 01:06:18 PM
 #17312

$108, anyone know how to get the decimal places on BtcCharts? I seem to remember seeing before them but now they've disapeared?

Reload page worked for me.
aurora
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April 02, 2013, 01:15:41 PM
 #17313

wonder, what would happened when everybody buys enough coins? welcome to single digits?

Dym.game
Double your money. Use Martingale/anti strategies. 1 to 1 odds
lebing
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April 02, 2013, 01:16:29 PM
 #17314

wonder, what would happened when everybody buys enough coins? welcome to single digits?

huh?

Bro, do you even blockchain?
-E Voorhees
Zomdifros
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April 02, 2013, 01:18:28 PM
 #17315

wonder, what would happened when everybody buys enough coins? welcome to single digits?

If everybody in the whole world would buy so much coins as for them to declare they have acquired enough of them, then yes, a microbitcoin would be notated in single digits.

ManBearPig
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April 02, 2013, 01:33:32 PM
 #17316

wonder, what would happened when everybody buys enough coins? welcome to single digits?

huh?

I'm guessing he meant integers?

I tweet crypto nonsense: https://twitter.com/DunningKruger_
sukiho
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April 02, 2013, 01:36:47 PM
 #17317

lack of asks could just be the nature of this market, you dont need to preset them to catch them, whereas due to gox lag you have to preset buys
samson
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April 02, 2013, 01:53:11 PM
 #17318

lack of asks could just be the nature of this market, you dont need to preset them to catch them, whereas due to gox lag you have to preset buys

If it starts going too low to fast there's no way to cancel them though. It's a risky strategy.
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April 02, 2013, 02:04:00 PM
 #17319

Bitcoin ATM Founder: We Already Have Orders From 30+ Countries

http://www.businessinsider.com/cyprus-bitcoin-atm-guy-responds-2013-4
mccorvic
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April 02, 2013, 02:10:27 PM
 #17320

Bitcoin ATM Founder: We Already Have Orders From 30+ Countries

http://www.businessinsider.com/cyprus-bitcoin-atm-guy-responds-2013-4

As cool as this would be, I'm filing it under "Believe When I See It"

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