Bitcoin Forum
May 21, 2018, 08:13:44 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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] 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 ... 1189 »
  Print  
Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1805440 times)
DougTanner
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
April 02, 2013, 11:41:51 AM
 #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?


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
1526890424
Hero Member
*
Offline Offline

Posts: 1526890424

View Profile Personal Message (Offline)

Ignore
1526890424
Reply with quote  #2

1526890424
Report to moderator
1526890424
Hero Member
*
Offline Offline

Posts: 1526890424

View Profile Personal Message (Offline)

Ignore
1526890424
Reply with quote  #2

1526890424
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
April 02, 2013, 11:44:18 AM
 #17302

That said, the price of Litecoins is outrageous right now. Since there are 84 million LTC to be mined in total, that is like a  BTC price of $8, which is a twelfth of what Bitcoin is at now. There is no freakin' way Litecoin is a twelfth as valuable as Bitcoin, by any measure at all. However, since they are about the same the price could equilibriate to something like one-fifth of the BTC price if nothing goes wrong, though that seems ridiculously optimistic.

In any case, any gain in Litecoin is a gain for Bitcoin as well. If it continues with its present function, it will probably be as big as it needs to be to provide an adequate hedge for BTC price. A third redundant coin won't join, because the hedging, tumbling, and testnet/backup functions it could provide would be minimal at the margin.
samson
Legendary
*
Offline Offline

Activity: 1414
Merit: 1010


View Profile
April 02, 2013, 11:45:24 AM
 #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?

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
DougTanner
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
April 02, 2013, 12:00:03 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?

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"?

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
samson
Legendary
*
Offline Offline

Activity: 1414
Merit: 1010


View Profile
April 02, 2013, 12:07:21 PM
 #17305

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.
zby
Legendary
*
Offline Offline

Activity: 1581
Merit: 1000


View Profile
April 02, 2013, 12:07:33 PM
 #17306

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.
Piper67
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
April 02, 2013, 12:08:40 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
DougTanner
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
April 02, 2013, 12:20:14 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 was around in 2011, I just wasn't watching wall pics. That's why I was asking...

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
Newscastix
Sr. Member
****
Offline Offline

Activity: 349
Merit: 250


View Profile
April 02, 2013, 12:28:34 PM
 #17309

Edit: 107.26! 107.30! 107.32! 107.65! 108.00!
oakpacific
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
April 02, 2013, 12:45:56 PM
 #17310

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.
Chalkbot
Legendary
*
Offline Offline

Activity: 894
Merit: 1000



View Profile
April 02, 2013, 12:51:40 PM
 #17311

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
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 02, 2013, 12:55:14 PM
 #17312


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
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
April 02, 2013, 12:56:51 PM
 #17313

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


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
ManBearPig
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
April 02, 2013, 01:02:31 PM
 #17314

$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_
deeplink
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


In cryptography we trust


View Profile
April 02, 2013, 01:06:18 PM
 #17315

$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
Member
**
Offline Offline

Activity: 119
Merit: 10


View Profile
April 02, 2013, 01:15:41 PM
 #17316

wonder, what would happened when everybody buys enough coins? welcome to single digits?
lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 02, 2013, 01:16:29 PM
 #17317

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

huh?

Bro, do you even blockchain?
-E Voorhees
Zomdifros
Full Member
***
Offline Offline

Activity: 210
Merit: 100



View Profile
April 02, 2013, 01:18:28 PM
 #17318

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
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
April 02, 2013, 01:33:32 PM
 #17319

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
Hero Member
*****
Offline Offline

Activity: 520
Merit: 500


View Profile
April 02, 2013, 01:36:47 PM
 #17320

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
Pages: « 1 ... 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] 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 ... 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!