Yuhfhrh
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December 10, 2012, 11:55:54 PM |
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I'm not so sure we are done with $13.xx yet, there has been a lot of resistance here at $13.10-13.50. IMAGE
180 day please https://ferroh.com/chart
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thoughtfan
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December 11, 2012, 12:11:15 AM |
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i think the normal bulls are tired. this is new guys coming in which have no idea what the price has played in the past, just buying at market price propping it up
Maybe no idea but it's hardly rocket science either to see the price history. However if a whole wave of new people have come on board due to one or more of the news pieces recently maybe they/we don't consider the past price to be that relevant to today's? I don't really know. But then again I like the fact that though I don't know, neither really do those with thousands of post-counts and maybe as many trades. All we each have is our best guess given this that and the other - and we simply trade our belief as to where it's going Good luck all (except those trading against me )!
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420
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December 11, 2012, 12:25:57 AM |
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i think the normal bulls are tired. this is new guys coming in which have no idea what the price has played in the past, just buying at market price propping it up
Maybe no idea but it's hardly rocket science either to see the price history. However if a whole wave of new people have come on board due to one or more of the news pieces recently maybe they/we don't consider the past price to be that relevant to today's? I don't really know. But then again I like the fact that though I don't know, neither really do those with thousands of post-counts and maybe as many trades. All we each have is our best guess given this that and the other - and we simply trade our belief as to where it's going Good luck all (except those trading against me )! all we have is each other ~600btc dropped sub 13.52
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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notme
Legendary
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Activity: 1904
Merit: 1002
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December 11, 2012, 12:48:43 AM |
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All I see is support. 13.10 will hold. Next stop 14.20-14.70.
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Yuhfhrh
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December 11, 2012, 01:00:40 AM |
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All I see is support. 13.10 will hold. Next stop 14.20-14.70.
I think $13.10 will hold too. I just think we are going to be in the $13s for awhile.
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notme
Legendary
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Activity: 1904
Merit: 1002
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December 11, 2012, 01:15:51 AM |
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All I see is support. 13.10 will hold. Next stop 14.20-14.70.
I think $13.10 will hold too. I just think we are going to be in the $13s for awhile. Let's hope so.
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 11, 2012, 03:31:28 AM |
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Pressure is building... their no denying it now, shorting some coins...was a really bad move
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Yuhfhrh
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December 11, 2012, 03:45:21 AM |
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Pressure is building... their no denying it now, shorting some coins...was a really bad move Poor adam...
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420
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December 11, 2012, 03:47:22 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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Yuhfhrh
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December 11, 2012, 03:48:57 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
Its the bot that places a 0.01 ask 0.00001 above the highest bid to try and suppress the price.
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420
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December 11, 2012, 03:53:29 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
Its the bot that places a 0.01 ask 0.00001 above the highest bid to try and suppress the price. how would that suppress price... and how long to take out this 1.4k 13.50 ask wall
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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Yuhfhrh
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December 11, 2012, 03:55:44 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
Its the bot that places a 0.01 ask 0.00001 above the highest bid to try and suppress the price. how would that suppress price... and how long to take out this 1.4k 13.50 ask wall When a normal user logs onto mtgox and is on the buy tab, they see the price of the ask the bot placed, which can cause them to place lower bids than they would have originally. Plus the bot sells 0.01 at market first, so the Mtgox last price always appears lower than it should.
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420
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December 11, 2012, 03:57:43 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
Its the bot that places a 0.01 ask 0.00001 above the highest bid to try and suppress the price. how would that suppress price... and how long to take out this 1.4k 13.50 ask wall When a normal user logs onto mtgox and is on the buy tab, they see the price of the ask the bot placed, which can cause them to place lower bids than they would have originally. Plus the bot sells 0.01 at market first, so the Mtgox last price always appears lower than it should. i dont see how that affects if its only a fraction difference
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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keewee
Legendary
Offline
Activity: 1025
Merit: 1000
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December 11, 2012, 04:01:15 AM |
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whats the point of some people selling .01 coins a fraction at a little less than the next higher ask price?
Its the bot that places a 0.01 ask 0.00001 above the highest bid to try and suppress the price. how would that suppress price... and how long to take out this 1.4k 13.50 ask wall When a normal user logs onto mtgox and is on the buy tab, they see the price of the ask the bot placed, which can cause them to place lower bids than they would have originally. Plus the bot sells 0.01 at market first, so the Mtgox last price always appears lower than it should. i dont see how that affects if its only a fraction difference I would guess that not everyone looks at the order book before placing their bids, many will just go off of the values they see on Mt Gox's trade page
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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Yuhfhrh
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December 11, 2012, 04:03:34 AM |
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i dont see how that affects if its only a fraction difference
The bot always does it, whether the bid/ask difference is 10 cents or 0.0001 cents. I would guess that not everyone looks at the order book before placing their bids, many will just go off of the values they see on Mt Gox's trade page
That's what this bot is going for.
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keewee
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Activity: 1025
Merit: 1000
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December 11, 2012, 04:06:35 AM |
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i dont see how that affects if its only a fraction difference
The bot always does it, whether the bid/ask difference is 10 cents or 0.0001 cents. I would guess that not everyone looks at the order book before placing their bids, many will just go off of the values they see on Mt Gox's trade page
That's what this bot is going for. Which begs the question... How much do these bots distort the true market value?
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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Yuhfhrh
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December 11, 2012, 04:10:19 AM |
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i dont see how that affects if its only a fraction difference
The bot always does it, whether the bid/ask difference is 10 cents or 0.0001 cents. I would guess that not everyone looks at the order book before placing their bids, many will just go off of the values they see on Mt Gox's trade page
That's what this bot is going for. Which begs the question... How much do these bots distort the true market value? The true market value isn't distorted because of this, because you are free to run a bot against him. This bot does have a small effect on the price though.
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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December 11, 2012, 05:17:01 PM |
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annette786
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December 11, 2012, 05:35:25 PM |
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anyone have a match?
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420
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December 11, 2012, 05:42:31 PM |
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anyone have a match?
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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