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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1648443 times)
humanitee
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December 12, 2012, 09:36:02 PM
 #5821

Temporary setback.

I'm actually surprised by the resistance.
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Yuhfhrh
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December 12, 2012, 09:37:08 PM
 #5822

I think the dumps are stupid lol
Unless this guy has 100k+ BTC?
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December 12, 2012, 09:37:17 PM
 #5823

Temporary setback.

I'm actually surprised by the resistance.

As am I.

I'm beginning to doubt the profit motive here, maybe this guy has some other motivations?

Bro, do you even blockchain?
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December 12, 2012, 09:39:04 PM
 #5824

Temporary setback.

I'm actually surprised by the resistance.

As am I.

I'm beginning to doubt the profit motive here, maybe this guy has some other motivations?

we have no idea what time he bought in at

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December 12, 2012, 09:40:55 PM
 #5825

we have no idea what time he bought in at

He might still be getting a profit, but not nearly as much as if he didn't try to do this dumping stuff. 

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December 12, 2012, 09:42:09 PM
 #5826

700 @ $13.70 is gone, we aren't having nearly as much asks being placed as I thought would happen.
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December 12, 2012, 09:42:16 PM
 #5827

Ya it kissed 13.30 then rebounded. Pretty good resistance. Wasn't there some theory about big buys near the end of "daily close"?

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December 12, 2012, 09:46:45 PM
 #5828

I think the dumps are stupid lol
Unless this guy has 100k+ BTC?

even then, whats the point of the dumps/ bot (assuming this is one stubborn person)? why dump huge amounts time and again when u can just milk little bits off as it climbs steadily.

If its not the same guy, I dont believe this guy is too lazy to get a bot/ pay someone else to do that for him. People are lazy, but not THAT lazy.

Bro, do you even blockchain?
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December 12, 2012, 09:47:00 PM
 #5829



Yuhfhrh
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December 12, 2012, 09:49:41 PM
 #5830

I think the dumps are stupid lol
Unless this guy has 100k+ BTC?

even then, whats the point of the dumps/ bot (assuming this is one stubborn person)? why dump huge amounts time and again when u can just milk little bits off as it climbs steadily.

If its not the same guy, I dont believe this guy is too lazy to get a bot/ pay someone else to do that for him. People are lazy, but not THAT lazy.

The only point in my opinion would be to try and create panic so he can buy them all back for less later.
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December 12, 2012, 09:51:41 PM
 #5831

we have no idea what time he bought in at

He might still be getting a profit, but not nearly as much as if he didn't try to do this dumping stuff. 
What evidence do we have that it's just one?

The reasons could be many - from getting money together for a deposit on a house to reducing a temporarily high exposure to the high-risk Bitcoin having gained enough from it to put it in something else etc. etc.

My point is if there's more than one doing it a reason for the apparently strange timing in taking prices lower than we might expect could be to get their dump in before the others!  Hover too long over the sell button and someone else may have got it so they'll have to wait for the bulls to get excited again and bring it back up before having another go.

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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December 12, 2012, 09:55:20 PM
 #5832

The only point in my opinion would be to try and create panic so he can buy them all back for less later.

Imagine that you sell goods for bitcoins in a dollar-exchange rate linked way, and you have a sizable amount of bitcoins available. You have an income stream in bitcoins already, but if you let the price be too volatile you run the risk of having people wait to purchase for spikes in the market, so the majority of your income would start off with a slight exchange rate loss. If you have a projected growth curve for bitcoin, you'd be incentivized to sell whenever it grew too fast to try to mitigate your exchange rate risk.

I don't think this is what is happening, but its an example of an incentive that could cause this type of behavior.

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December 12, 2012, 09:55:34 PM
 #5833

He might still be getting a profit, but not nearly as much as if he didn't try to do this dumping stuff.  
What evidence do we have that it's just one?

None, but it's fun/easier to get all angry if you act as if it's just one guy. Cheesy

Though the one I am pretty sure is just "one guy" is whoever is putting up/taking down that 59.9BTC ask order. What's he doing?!

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December 12, 2012, 10:00:58 PM
 #5834

The only point in my opinion would be to try and create panic so he can buy them all back for less later.

Imagine that you sell goods for bitcoins in a dollar-exchange rate linked way, and you have a sizable amount of bitcoins available. You have an income stream in bitcoins already, but if you let the price be too volatile you run the risk of having people wait to purchase for spikes in the market, so the majority of your income would start off with a slight exchange rate loss. If you have a projected growth curve for bitcoin, you'd be incentivized to sell whenever it grew too fast to try to mitigate your exchange rate risk.

I don't think this is what is happening, but its an example of an incentive that could cause this type of behavior.

-bgc

It would make more sense to sell down to $13.50, and then place asks for all of your coins as $13.55, $13.60, #13.65, etc, and if/when the price starts to drop then sell the rest as a market order. But then again like its said before, someone else could dump $100k coins and you would be out of money. So businesses needing to sell is a valid point.
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December 12, 2012, 10:04:28 PM
 #5835

http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv

this dump was caught and bought back up even faster then others, good sign IMO, there are more bulls then ever!

I always suspected the teens would be a source of major resistance, anyone who bought a large amount back in summer 2011 around 13 is like "FINALLY i can get my money back"

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December 12, 2012, 10:04:53 PM
 #5836

The only point in my opinion would be to try and create panic so he can buy them all back for less later.

Imagine that you sell goods for bitcoins in a dollar-exchange rate linked way, and you have a sizable amount of bitcoins available. You have an income stream in bitcoins already, but if you let the price be too volatile you run the risk of having people wait to purchase for spikes in the market, so the majority of your income would start off with a slight exchange rate loss. If you have a projected growth curve for bitcoin, you'd be incentivized to sell whenever it grew too fast to try to mitigate your exchange rate risk.

I don't think this is what is happening, but its an example of an incentive that could cause this type of behavior.

-bgc

It would make more sense to sell down to $13.50, and then place asks for all of your coins as $13.55, $13.60, #13.65, etc, and if/when the price starts to drop then sell the rest as a market order. But then again like its said before, someone else could dump $100k coins and you would be out of money. So businesses needing to sell is a valid point.

If it were me, I'd just choose not to subject myself to uncertain risks....hmmmm what are the motives here...

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mccorvic
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December 12, 2012, 10:06:53 PM
 #5837

I always suspected the teens would be a source of major resistance, anyone who bought a large amount back in summer 2011 around 13 is like "FINALLY i can get my money back"

I think you've got a point, but I'd say that we could very well see this long slog upwards all the way until we break the peak June 2011 prices.

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December 12, 2012, 10:15:06 PM
 #5838

I always suspected the teens would be a source of major resistance, anyone who bought a large amount back in summer 2011 around 13 is like "FINALLY i can get my money back"

I think you've got a point, but I'd say that we could very well see this long slog upwards all the way until we break the peak June 2011 prices.

we will continue to very slowly go upward until we don't get a dump for like a good 2-3 weeks, then BOOM 32$ and climbing fast! the higher we go the less liquidity we leave behind. A dump of 10,000BTC at 50 will bring us back down to 30 but no panic only a mad dash for digital cash  Wink

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December 12, 2012, 10:32:41 PM
 #5839

Damned, there was a lot of bot trailing to this dump. Tried to get some at 13.43 on the way down and 13.33 on the rebound. However both bids was run through like ghosts!!!

It's that the bots trailing  bid's/ask's get in the way of my manual orders which are executed in que and thus pending to long while a bot got a 1000 ask's in the first 100 milli seconds. This must be an annoyance to others also!!!

Didn't lose anything but feeling a little rigged.

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December 12, 2012, 10:40:09 PM
 #5840

When i wish on a shooting start, I wish for less ways to wish for and more ways to work toward it.

WOW! DA WALLS!

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