molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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February 06, 2013, 09:51:51 AM |
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What the fuck is that wall guy trying to do?
there are 3 possible reasons for putting up this wall
1. to buy cheaper coins or cover shorts cheaper behind the downward pressure from the wall 2. to sell the coins at the wall price 3. to play and have fun as a big bitcoin trader with all the little other traders and fool around
>2. is rather unlikely as he could sell his coind better in small portions at a higher price <1. and 3. are both more probable
what about 4. having some kind of bet that depends on exchange rate being <$21 to be won? could also be it.. did you check on the betting sites?There are quite a few outright bets on bitbet.us and betsofbitco.in regarding the mtgox rate. Also there's futures/options on icbit.se, mpex.co,...
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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giszmo
Legendary
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Activity: 1862
Merit: 1114
WalletScrutiny.com
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February 06, 2013, 10:19:34 AM |
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I think the bids and asks around the equilibrium, or a few hundred coins at either side, is most relevant. Offers further away, small or large amounts, are not so relevant.
If I have money on MtGox, I can move it to wherever I see fit within minutes. That is why I think all the market depth + all the coins and dollars in the wallets there are very relevant. I would never lend my money to MtGox if I wouldn't have the plan to use it there within the next weeks.
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ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology) WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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420
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February 06, 2013, 11:18:52 AM |
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Last price:$20.89139 High:$21.33390 Low:$20.35000 Volume:50045 BTC Weighted Avg:$20.86677
I'm sure we have another top 20 day
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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robocoin
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February 06, 2013, 12:42:13 PM Last edit: February 06, 2013, 05:41:55 PM by robocoin |
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Last price:$20.89139 High:$21.33390 Low:$20.35000 Volume:50045 BTC Weighted Avg:$20.86677
I'm sure we have another top 20 day
I approve this message. / Edit: Fail
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deadweasel
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February 06, 2013, 01:49:42 PM |
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Did the 0.01 bot switch direction today?
It seems so. Is it a bearish sign? How do you follow the bot? Just watch all the .01 trades?
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Liquid
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February 06, 2013, 02:28:25 PM |
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Bitcoin will show the world what hard money really is.
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 06, 2013, 04:57:31 PM |
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Did the 0.01 bot switch direction today?
It seems so. Is it a bearish sign? Yes, directly from your bot overlord
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Bro, do you even blockchain? -E Voorhees
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robocoin
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February 06, 2013, 05:05:58 PM Last edit: February 06, 2013, 05:24:48 PM by robocoin |
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When it happens on the little markets, it happens big. Easy rebuying then.
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ThickAsThieves
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February 06, 2013, 05:17:34 PM |
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What happens if a huge wall gets put up again, except on the weekend?
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deeplink
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February 06, 2013, 05:22:25 PM |
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What happens if a huge wall gets put up again, except on the weekend?
Everyone will start guessing who put it there and why, then wait for it to disappear again. Our own millionaire and soon to be billionaire Mr. Loaded does not want to buy it, so what else is there to do?
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ThickAsThieves
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February 06, 2013, 05:36:17 PM |
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What happens if a huge wall gets put up again, except on the weekend?
Everyone will start guessing who put it there and why, then wait for it to disappear again. Our own millionaire and soon to be billionaire Mr. Loaded does not want to buy it, so what else is there to do? I don't think all of the bitcoin world will just wait. Some people need to sell on weekends.
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robocoin
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February 06, 2013, 09:54:04 PM |
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What happens if a huge wall gets put up again, except on the weekend?
Everyone will start guessing who put it there and why, then wait for it to disappear again. Our own millionaire and soon to be billionaire Mr. Loaded does not want to buy it, so what else is there to do? I don't think all of the bitcoin world will just wait. Some people need to sell on weekends. Looks like it could happen soon *. Can we already call this a resistance around 21.2$? Or am I too early? *I mostly sold
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 06, 2013, 10:11:08 PM |
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Its not a bad thought robo - and thanks for being transparent.
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Bro, do you even blockchain? -E Voorhees
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robocoin
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February 06, 2013, 10:33:40 PM |
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Its not a bad thought robo - and thanks for being transparent. Last time I mostly sold I failed really hard (Sold from 15$ - 15.4$, bought back ~17 ). Lets see how it goes. I am lurking at 20$, waiting for the dumpsters. Meanwhile I'm reading cypherdoc's and lucif's decent fight.
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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February 06, 2013, 11:10:40 PM |
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Did the 0.01 bot switch direction today?
It seems so. Is it a bearish sign? Yes, directly from your bot overlord He's reversed yet again. Painting the tape low.
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cypherdoc
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Activity: 1764
Merit: 1002
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February 07, 2013, 02:34:31 AM |
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 07, 2013, 02:40:44 AM |
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People seem to be market buying in big amounts at about this time at night tues- thursday routinely. I'm guessing its after mtgox sends them a notification that their wire has arrived and they just want to get in as soon as possible.
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Bro, do you even blockchain? -E Voorhees
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cypherdoc
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Activity: 1764
Merit: 1002
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February 07, 2013, 02:58:19 AM |
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People seem to be market buying in big amounts at about this time at night tues- thursday routinely. I'm guessing its after mtgox sends them a notification that their wire has arrived and they just want to get in as soon as possible.
good point. this is about that time.
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cypherdoc
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Activity: 1764
Merit: 1002
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February 07, 2013, 05:32:54 AM |
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 07, 2013, 05:42:03 AM |
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could you zoom in and sharpen the lines... i need to get another 30days on BTCcharts
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