Wall Observer - MtGoxUSD wall movement tracker

[jwzguy]

OMG WHAT IS HAPPENING

[1714116140]

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[1714116140]

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[adamstgBit]

After the crash last month from 15.XX USD and just before Pirate officially defaulted, about 100k BTC in SELL orders were placed (and most still are) spread out from 10$ to 13$. You can still see those in the order book.
This could be the same guy (Arrrrrh) trying to entice people to buy up his orders already, so that he can repeat.
Just a thought.

I'm not sure what he could "repeat"

if that wall does in fact belong to pirate then that means he's pretty much done cashing out.

one last manipulative wall to get his last few orders bought into, then he will cash out for good?  (that or actually try to buy back ~2 million dollars in bitcoin)

[yogi]

can't sleep  

no one ever does in Bitcoin World.

Yesterday, my girlfriend told me I was talking about Bitcoin in sleep the other night  

I had a dream the other night. It was dark and a terrible storm was raging, out at sea was the darkest most sinister looking pirate ship I had ever seen.

Do you think that had something to do with bitcoin?

[thezerg]

Larry flynt must have recvd proof...

[Domrada]

OMG WHAT IS HAPPENING

LOL. Brilliant. Tip sent to your signature address.

[evoorhees]

OMG WHAT IS HAPPENING

I LOL'd... this is awesome.

[Spekulatius]

After the crash last month from 15.XX USD and just before Pirate officially defaulted, about 100k BTC in SELL orders were placed (and most still are) spread out from 10$ to 13$. You can still see those in the order book.
This could be the same guy (Arrrrrh) trying to entice people to buy up his orders already, so that he can repeat.
Just a thought.

I'm not sure what he could "repeat"

if that wall does in fact belong to pirate then that means he's pretty much done cashing out.

one last manipulative wall to get his last few orders bought into, then he will cash out for good?  (that or actually try to buy back ~2 million dollars in bitcoin)

If he really had those 500k BTC when he "defaulted", at only 10$/BTC that would equal 5M $ in total. Right now, he seems to have aquired 1.7M USD. He could have changed 170k BTC for ~10$/BTC after the crash. If he sells another 100k BTC (which are lined up on the way to 13$ in the order book) @ on average 12$/BTC, he would have around 1.7M USD + 1.2M USD = 2.9M USD.
Still 230k BTC left in his wallets.

[adamstgBit]

After the crash last month from 15.XX USD and just before Pirate officially defaulted, about 100k BTC in SELL orders were placed (and most still are) spread out from 10$ to 13$. You can still see those in the order book.
This could be the same guy (Arrrrrh) trying to entice people to buy up his orders already, so that he can repeat.
Just a thought.

I'm not sure what he could "repeat"

if that wall does in fact belong to pirate then that means he's pretty much done cashing out.

one last manipulative wall to get his last few orders bought into, then he will cash out for good?  (that or actually try to buy back ~2 million dollars in bitcoin)

If he really had those 500k BTC when he "defaulted", at only 10$/BTC that would equal 5M $ in total. Right now, he seems to have aquired 1.7M USD. He could have changed 170k BTC for ~10$/BTC after the crash. If he sells another 100k BTC (which are lined up on the way to 13$ in the order book) @ on average 12$/BTC, he would have around 1.7M USD + 1.2M USD = 2.9M USD.
Still 230k BTC left in his wallets.

yes your right.

if this is right, and it seems like the most logical assumption.
Gox could tie a real world identity to Pirate.

[smoothie]

OMG WHAT IS HAPPENING

LOL. Brilliant. Tip sent to your signature address.

So whose giant COCK-WALL is that?

I LOLed


wow what a "pump" 

[jwzguy]

OMG WHAT IS HAPPENING

LOL. Brilliant. Tip sent to your signature address.

So whose giant COCK-WALL is that?

I LOLed


wow what a "pump" 

Clearly belongs to our reptilian overlords.

Asks...it's what's for dinner.

[ElectricMucus]

This is driving me nuts, why isn't this showing up on the bitcoincharts order book.

It shows up in the http api too, is there a quick way to check the websockets api? If bitcoincharts doesn't show it because of a bug that would be hell of a coincidence. They are refreshing the prices for sure.

[cypherdoc]

If all the money in that bid got really hungry and suddenly decided to go market, where would that take price?

up?

[bpd]

bpd: ;;market buy 160000
[4:55pm] gribble: A market order to buy 160000 bitcoins right now would take 2245529.3385 USD and would take the last price up to 24.2000 USD, resulting in an average price of 14.0346 USD/BTC.

[jwzguy]

LOL. Brilliant. Tip sent to your signature address.

Thanks!!

[adamstgBit]

If all the money in that bid got really hungry and suddenly decided to go market, where would that take price?

up?

never gana happen....

your looking at pirate's wall thinking hes going to buy coins???

[streblo]

bpd: ;;market buy 160000
[4:55pm] gribble: A market order to buy 160000 bitcoins right now would take 2245529.3385 USD and would take the last price up to 24.2000 USD, resulting in an average price of 14.0346 USD/BTC.

I think setting the amount of USD constant is correct:

;;market buy --usd 1800000
<gribble> A market order to buy 1800000.0000 USD worth of bitcoins right now would buy 137491.04 bitcoins and would take the last price up to 17.0000 USD, resulting in an average price of 13.0918 USD/BTC.

[bpd]

Yep, my bad. Didn't know how to do the USD option.

[Spekulatius]

This is driving me nuts, why isn't this showing up on the bitcoincharts order book.

It shows up in the http api too, is there a quick way to check the websockets api? If bitcoincharts doesn't show it because of a bug that would be hell of a coincidence. They are refreshing the prices for sure.

I just realized, bitcoincharts.com order book locked up before that giant wall was placed. Look a best BID and ASK prices, something like 11.09$/BTC and 11.19$/BTC! Thats why its not showing.

[ElectricMucus]

Since it doesn't look that this wall gonna be sold into how long do you think it will last? When will it get pulled?
A day? A week?

This is driving me nuts, why isn't this showing up on the bitcoincharts order book.

It shows up in the http api too, is there a quick way to check the websockets api? If bitcoincharts doesn't show it because of a bug that would be hell of a coincidence. They are refreshing the prices for sure.

I just realized, bitcoincharts.com order book locked up before that giant wall was placed. Look a best BID and ASK prices, something like 11.09$/BTC and 11.19$/BTC! Thats why its not showing.

Yes I've seen that, this is very suspicious timing.

[smoothie]

Since it doesn't look that this wall gonna be sold into how long do you think it will last? When will it get pulled?
A day? A week?

This is driving me nuts, why isn't this showing up on the bitcoincharts order book.

It shows up in the http api too, is there a quick way to check the websockets api? If bitcoincharts doesn't show it because of a bug that would be hell of a coincidence. They are refreshing the prices for sure.

I just realized, bitcoincharts.com order book locked up before that giant wall was placed. Look a best BID and ASK prices, something like 11.09$/BTC and 11.19$/BTC! Thats why its not showing.

Yes I've seen that, this is very suspicious timing.

I suspect at some point the person will get impatient and will end up buying.