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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649685 times)
just1nmc
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April 14, 2013, 09:19:43 AM
 #22901

Someone sold several thousand coins into the $100 wall


And the lag is 0. I am quite sure that one 12 hours earlier was a DDOS attack

Exactly. After this week it's pretty obvious that the lag creates panic sell offs, and not the other way around.

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Piper67
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April 14, 2013, 09:27:15 AM
 #22902

Thank you bulls for once again allowing me to sell over 100. Please get it above 125 shortly.

Says the guy who sells at any price. How many coins did you sell at $5?

Well in this post he sold 30 BTC around $5 (approximate time of the post). LOL

look on the bright side, its still worth twice as much as a dollar Grin

I doubt that will be the case for long. I decided to sell 30+ BTC just now because I am
tired of holding them and watching them lose value. Better to get something out of it now
then to see it worth 50% less in a couple of weeks.


I can always mine more since I get free power but even then it is quickly becoming not
worth it while the hardware depreciates.

We should all thank him from the bottom of our greedy hearts for all the coins he's undersold.
ManBearPig
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April 14, 2013, 09:28:18 AM
 #22903

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
Coincrazy
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April 14, 2013, 09:32:27 AM
 #22904

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle. ....

most internet based trading systems allow ordinary users to place orders on NYSE or ARCA

orders are executed based on prices @ NYSE , almost instantly (a few seconds lag if at all)

in this internet and computing age, I see the absence / presence of a broker as a hindrance rather than boon

IMHO



regards


_______ Have a nice day folks =:) _______
===I'm wondering why I was slaving away 9 to 5 , NOT knowing Bitcoins earlier ; Regards, CC===
just1nmc
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April 14, 2013, 09:35:42 AM
 #22905

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I don't mind getting some extra coins off it Smiley

There's still people claiming the lag is propping up the price though; I don't understand it. Every sell off has shown the opposite.
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April 14, 2013, 09:42:15 AM
 #22906

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
ManBearPig
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April 14, 2013, 09:46:57 AM
 #22907

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I don't mind getting some extra coins off it Smiley

There's still people claiming the lag is propping up the price though; I don't understand it. Every sell off has shown the opposite.

It's interesting. There is the immediate panic-selling and the predictable pattern of decline based on a few periods of oblivion the exact size of the lag. Now people are beginning to expect it I think it might suppress the price, working AGAINST whoever's orchestrating this.

I still can't believe this an emergent problem of Mt Gox's software.

As a people-watcher, I find it a fascinating lesson in mass psychology though!

I tweet crypto nonsense: https://twitter.com/DunningKruger_
ElectricMucus
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April 14, 2013, 09:49:09 AM
 #22908

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

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.
just1nmc
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April 14, 2013, 09:54:12 AM
 #22909

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

Someone decided to sell a few thousand coins at $100, and the price stopped there because there wasn't lag to provoke more selling.
ElectricMucus
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April 14, 2013, 09:57:23 AM
 #22910

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

Meanwhile on mtgox the price broke through at the lower end....
with zero lag.

Someone decided to sell a few thousand coins at $100, and the price stopped there because there wasn't lag to provoke more selling.

Still we broke the triangle.
You can't have it both ways. It could have been "someone buying a few thousand at 140" but it wasn't. Either accept the market for what it is including all participants or leave TA alone.

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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April 14, 2013, 10:03:08 AM
 #22911

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.

True. The triangle didn't deliver although it was broken to the upside substantially.

EDIT:


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
just1nmc
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April 14, 2013, 10:04:16 AM
 #22912

Quote
Still we broke the triangle.
You can't have it both ways. It could have been "someone buying a few thousand at 140" but it wasn't. Either accept the market for what it is including all participants or leave TA alone.

I never said anything about the triangle though, nor have I ever used TA on here.

I'm only arguing that the lag takes a normal sell off, and makes it much worse due to panic.
ManBearPig
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April 14, 2013, 10:05:11 AM
 #22913

The previous lag-induced, panic-driven sell-off started just below $115 and hit a low of around $87 (thank you for whoever sold to me at that price).

Once I've had my morning cuppa I might try to predict the next one - are you reading this DDoSers? Wink

Edit: today I'm going to use a spare machine to screen-cap Bitcoinity ALL DAY, we'll have a second-by-second record of the lag then.

No, I don't have a life, nor right now. Not yet :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
Monarch
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April 14, 2013, 10:10:50 AM
 #22914

This is my one and only post here. So read it carefully and think about it.

Dear Bitcoiners. I want to share some insights with you.
Recently, we were under serious DDoS attacks and spamming trading-bots attacks as you could see.

Don't you ever think, that these are for our own good? WHAT IF that attacks are placed here from creators of Bitcoin,
because they want to show you the biggest flaws in the whole project? Exchanges? Yes.
The main weakness of the Bitcoin project are the exchanges, and specifically MtGox. Ask yourself.
Are we ready for mainstream? Are we really ready for taking over 1% of worldwide online transactions market cap without bulletproof trading engine?

The project Bitcoin is strong & one-of-the-kind, the planet need it. People need it. We need it. Bitcoin is here for us. It's no doubt that we'll grow big. Protocol is solid rock and community is full of smart people who are thinking outside the box.

But for going mainstream, we need decent trading platform. We must be ready for real attacks from outside of our community. From people with unlimited resources. You know who I am talking about, this is not a game. The world is full of groups who are holding chains and simply don't like this idea.

Please, if anyone competent is reading this message. Dotcom? Here's your chance. We need trading platform, its up to you now.

"Do What Thou Wilt Shall Be The Whole Of The Law"
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April 14, 2013, 10:20:03 AM
 #22915

Been watching the charts earlier and there was a 4.5K ask wall at $100.  But then someone did a 1,114 coin sell, and quite a few 200-500 coin sells past that.  Surprisingly, the wall didn't last that long.

But again, it's a weekend and price has been up and down all day today / tonight.  I would imagine we'd be in cautiously-optimistic rally mode next week.

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
ManBearPig
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April 14, 2013, 10:21:57 AM
 #22916



Ask walls building at $100 and above, Bids down across the board at $80+ prices.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
just1nmc
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April 14, 2013, 10:23:51 AM
 #22917

Been watching the charts earlier and there was a 4.5K ask wall at $100.  But then someone did a 1,114 coin sell, and quite a few 200-500 coin sells past that.  Surprisingly, the wall didn't last that long.

But again, it's a weekend and price has been up and down all day today / tonight.  I would imagine we'd be in cautiously-optimistic rally mode next week.

It's so hard to tell, I can't stop watching haha. I said a few days ago that I'd be happy with anything $90+ coming out of the weekend. I'm surprised the price has stayed in triple digits as much as it has. But you never know when another sell-off could start.
MikeH
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April 14, 2013, 10:30:37 AM
 #22918

this is mad - everyone's gambling they can sell and re-buy for $10+ less - sooner or later it's gonna bite you in the butt.
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April 14, 2013, 10:38:33 AM
 #22919


Beware: Dovahbear!
ManBearPig
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April 14, 2013, 10:47:29 AM
 #22920

this is mad - everyone's gambling they can sell and re-buy for $10+ less - sooner or later it's gonna bite you in the butt.


I was bitten in the butt by not selling in the $200s!

Fortunately my butt's healing with all the new coins I'm sitting on :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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