cypherdoc
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Activity: 1764
Merit: 1002
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February 04, 2013, 04:33:12 AM |
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this time we're going thru:  |
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cypherdoc
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Activity: 1764
Merit: 1002
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February 04, 2013, 04:38:48 AM |
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you know we have to abolish this Weekend Dip myth thingy.
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oakpacific
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February 04, 2013, 04:42:37 AM |
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you know we have to abolish this Weekend Dip myth thing.
Please no, people dumping at Saturday is one of my fixed sources of income. |
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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February 04, 2013, 04:44:52 AM |
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you know we have to abolish this Weekend Dip myth thingy.
And call it the weekend rise? |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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cypherdoc
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Activity: 1764
Merit: 1002
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February 04, 2013, 04:46:42 AM |
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you know we have to abolish this Weekend Dip myth thingy.
And call it the weekend rise? that sounds good. |
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cypherdoc
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Activity: 1764
Merit: 1002
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February 04, 2013, 04:53:15 AM |
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you know with lucif missing a 61.5% rally with his TA, you now realize why we won the Cold War.
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oakpacific
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February 04, 2013, 04:57:48 AM |
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you know with lucif missing a 61.5% rally with his TA, you now realize why we won the Cold War.
He couldn't even properly read his indicator, he posted an graph to show that the ADX had topped, like it was in June 2011, but failed to notice that his ADX peak occured just before the rally to $31, when the price was at around $20 something, and immediately afterwards the price rushed up, with ADX only making a lower peak at the all-time top. |
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Third Way
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February 04, 2013, 04:58:26 AM |
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The weekend dip 'myth' is a byproduct of people dumping stocks, shares or securities on wednesdays and thursdays, you knew that, right?
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blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
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cypherdoc
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Activity: 1764
Merit: 1002
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February 04, 2013, 05:00:39 AM |
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i mean its not like he's not smart or anything; he draws all those beautiful lines and numbers. it's a sight to behold. his targets are quite striking; even makes me sit up. and all the different options. wow, that takes effort.
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mccorvic
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February 04, 2013, 05:12:34 AM |
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Unbelievable!
it really does boggle the mind, doesn't it? we all thought we understood this whole bitcoin thing ot one degree or another, but i've yet to see anyone not floored by this action.  seriously, people are dumping dollars like they're worthless! unsustainable crazinessIf I have learned anything about craziness it is that is is surprisingly sustainable. |
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Third Way
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February 04, 2013, 05:37:51 AM |
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I hope to wake up above $21  |
blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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February 04, 2013, 05:38:54 AM |
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I hope to wake up above $21 Okay look you are now above $21 see you're up there ^^^^ |
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²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
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███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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420
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February 04, 2013, 08:39:41 AM |
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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bzzard
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February 04, 2013, 09:10:14 AM |
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dem wall!  |
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420
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February 04, 2013, 09:22:53 AM |
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up or down, up or down.........  |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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robocoin
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February 04, 2013, 09:37:03 AM |
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dem wall! A scare-wall? I need a 15k wall on the bid side @20.65$, until I've finished my coffee!!! C'mon whales! |
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zvs
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Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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February 04, 2013, 09:47:13 AM |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
at least as long as bitcoins aren't shortable.
Why else would you do such a thing?
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 04, 2013, 10:09:15 AM |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
at least as long as bitcoins aren't shortable.
Why else would you do such a thing?
If somebody thinks the price is "good enough". Fraudulently obtained BTC in which case the price isn't that important since they were more or less free. Somebody needing to spend BTC for USD in the case of payment processing with merchants. (This is pretty much the case with the whole bitpay and SR business and Avalon/BFL) |
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zvs
Legendary
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Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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February 04, 2013, 10:23:26 AM |
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I don't see ask-side walls as anything but an attempt to lower the price to buy more bitcoins later....
at least as long as bitcoins aren't shortable.
Why else would you do such a thing?
If somebody thinks the price is "good enough". Fraudulently obtained BTC in which case the price isn't that important since they were more or less free. Somebody needing to spend BTC for USD in the case of payment processing with merchants. (This is pretty much the case with the whole bitpay and SR business and Avalon/BFL) well, you wouldn't scare off buyers by placing that huge of a wall. preferably, you'd set a buy wall far enough back where it wouldnt be hit, then sell gradually as bids build in... or if you don't have the funds to do the buy wall, set smaller walls incrementally, or just do market sells every few hrs, as bids build in if it was fradulently obtained BTC, i'd think they'd be perfectly happy just to do a market sell, and drop it down to $18.50 or so. ed: with depth so easily visible to the public and no way to sell short (maybe I'm mistaken here?), it just doesnt make sense to make a $400,000 wall on the ask side. |
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Luno
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February 04, 2013, 10:24:39 AM |
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Various bear ramblings: 20'ish looks more and more sticky. Is sideways possible at this price level or is this the wavery top pattern we learned to know so well last year? Will the size of dumps increase if we go beyond $21? 16xx Asks and 72xx bids, the orderbook is shrinking, still the ask side is shrinking faster. Avalon preorders created a demand, but are they going to cash out if they fear that their profits are at risk? Number of transactions have been falling since mid January http://blockchain.info/charts/n-transactions-excluding-popular |
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