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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811506 times)
mccorvic
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December 14, 2012, 04:43:10 PM
 #6021

The once 1k wall at 13.82 is diminishing quickly. Just 135BTC left. Nom nom nom.

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molecular
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December 14, 2012, 05:09:02 PM
 #6022

Can't believe they still have these bugs in their system. Anyway these spikes are usually followed by a massive upswing.

yeah, all the bots confused Wink Maybe it's intentional... that'd be quite unethical.


Its not a bug, its something to do with people buying in a different currency than usd and how gox converts it or something... there have been threads on that before but I can't find it on this stupid phone.

well that's not a good solution then. If markets are combined in any way it should still be consistent in the sense that there aren't any out-of-band trades happening.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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December 14, 2012, 05:43:29 PM
 #6023

The temper tantrum continues! "Fall fall fall! Why won't you fall! Waa waaa!"
mccorvic
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December 14, 2012, 05:43:56 PM
 #6024

Heh, another major dump! Only took us down to about $13.60 though.

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December 14, 2012, 05:53:44 PM
 #6025

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December 14, 2012, 05:56:20 PM
 #6026

I exited with 80% at 13.787$. Am I too anxious?  Tongue

You better hope this weekend is good to you!

I hope so, I entered with the dump yesterday and would like to do it again Wink




So don't panic!  Grin
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December 14, 2012, 06:08:45 PM
 #6027

pig time
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December 14, 2012, 06:11:09 PM
 #6028

Someone must really hate their bitcoins.
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December 14, 2012, 06:19:12 PM
 #6029

Someone must really hate their bitcoins.

What if it's a bot. Logic:

1. buy up bitcoins over time, with assumption the price is going up.
2. while buying coins, gauge exposure to risk vs. potential profits of selling. Set a sell threshold based on past price / magic (depends on the bot I guess), trying to optimize the profits from selling and preventing getting caught out by a dip in the price. As the profit collected increases, the downswing required to trigger a sell will probably become smaller and smaller.
3. trigger sell, cash in profits, set aside what you made, start re-investing your base.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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December 14, 2012, 06:19:56 PM
 #6030

The 13.80 wall is back and fully fortified for whenever the price gets back there. This is tiresome.
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December 14, 2012, 06:26:56 PM
 #6031

Is there any reason a mining pool owner might want the BTC price to go down?
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December 14, 2012, 06:28:18 PM
 #6032

The 13.80 wall is back and fully fortified for whenever the price gets back there. This is tiresome.

not sure why we aren't letting them win?

no one wants cheep coins?

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December 14, 2012, 06:30:56 PM
 #6033

Is there any reason a mining pool owner might want the BTC to go down?

More miners with GPu's coming back on because of lower Diff?
adamstgBit (OP)
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December 14, 2012, 06:32:26 PM
 #6034



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December 14, 2012, 06:32:47 PM
 #6035

The 13.80 wall is back and fully fortified for whenever the price gets back there. This is tiresome.

not sure why we aren't letting them win?

no one wants cheep coins?

Who's "we"?

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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adamstgBit (OP)
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December 14, 2012, 06:33:20 PM
 #6036

The 13.80 wall is back and fully fortified for whenever the price gets back there. This is tiresome.

not sure why we aren't letting them win?

no one wants cheep coins?

Who's "we"?


the bulls

the bears appear to let the price rise, and then take big dumps, and repeat

why don't the bulls let the price fall and then Buy big, and repeat

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December 14, 2012, 06:33:43 PM
 #6037

Someone must really hate their bitcoins.

What if it's a bot. Logic:

1. buy up bitcoins over time, with assumption the price is going up.
2. while buying coins, gauge exposure to risk vs. potential profits of selling. Set a sell threshold based on past price / magic (depends on the bot I guess), trying to optimize the profits from selling and preventing getting caught out by a dip in the price. As the profit collected increases, the downswing required to trigger a sell will probably become smaller and smaller.
3. trigger sell, cash in profits, set aside what you made, start re-investing your base.

buy & hold is easier and probably more profitable

Bro, do you even blockchain?
-E Voorhees
adamstgBit (OP)
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December 14, 2012, 06:37:48 PM
 #6038

Someone must really hate their bitcoins.

What if it's a bot. Logic:

1. buy up bitcoins over time, with assumption the price is going up.
2. while buying coins, gauge exposure to risk vs. potential profits of selling. Set a sell threshold based on past price / magic (depends on the bot I guess), trying to optimize the profits from selling and preventing getting caught out by a dip in the price. As the profit collected increases, the downswing required to trigger a sell will probably become smaller and smaller.
3. trigger sell, cash in profits, set aside what you made, start re-investing your base.

buy & hold is easier and probably more profitable

not for someone looking to play with 1 million dollars plus

adamstgBit (OP)
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December 14, 2012, 06:48:36 PM
 #6039


this is the effect of block reward halving, hash rate crashing   Tongue

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December 14, 2012, 06:48:46 PM
 #6040

Its panic time.
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