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mccorvic
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March 10, 2013, 01:36:02 AM |
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Was the $47 wall just pulled or was it actually bought?
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chriswilmer
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Activity: 1008
Merit: 1000
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March 10, 2013, 01:37:09 AM |
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Was the $47 wall just pulled or was it actually bought?
Looked like it was bought. |
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ineededausername
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March 10, 2013, 01:37:15 AM |
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bought, as will be the $50 walls  |
(BFL)^2 < 0
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oakpacific
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March 10, 2013, 01:37:23 AM |
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Was the $47 wall just pulled or was it actually bought?
Bought, check the volume. |
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laughingbear
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March 10, 2013, 01:39:44 AM |
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every single time some action happens the mtgox sockets go down. Always right as the price jumps
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mpradeep
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March 10, 2013, 01:44:18 AM |
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33K BTC more to reach 50USD
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Ichthyo
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March 10, 2013, 02:42:06 AM |
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This much upward pressure during the weekend.  I'm sorry Adam.  Adam's caught out short again?? Oh, Adam. Adam, Adam, Adam.  Adam and Proudhon... the tragic Heros of the Bitcoin saga They kept there stance of modesty, their believe in sane and moderate growth against a herd of braindead, greedy bulls |
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keewee
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March 10, 2013, 03:10:07 AM |
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How long will these walls hold? ...  |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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rpietila
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March 10, 2013, 05:54:56 AM |
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How long will these walls hold? ... As long as some player with $1 million buys them.. There are 30 million such people in the world, so it'll has to be one of them, or a combination of smaller bidders. My estimate now is that we will reach ATH by Tuesday. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Bitcoinpro
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March 10, 2013, 06:02:34 AM |
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look at the gigantic jumps in price it will start making after $56, no doubt the hoarding of bitcoin has finally commenced the world is our oyster  |
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mccorvic
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March 10, 2013, 06:07:55 AM |
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look at the gigantic jumps in price it will start making after $56, no doubt the hoarding of bitcoin has finally commenced
There will always be those "big jumps" $10 bucks down the road. Don't worry, there will be walls in our future  |
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420
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March 10, 2013, 07:32:41 AM |
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Buy and hold.
If you must sell, you'd be incredibly stupid to do so under $46.
I don't think it'd be incredibly stupid. Incredibly stupid was below $36 on the panic. No, that was unforgivingly stupid.  BITCOIN, BUY ME A CHICKEN SANDWICH this diserved an LOL so here you LOL |
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the hacks, the hacks, secure your bits!
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prof7bit
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March 10, 2013, 08:05:09 AM |
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Over $5 mil in visible orderbook.  Could you (or anyone who has the data) please make a graph that shows: (total_bid / total_ask) vs. time and overlay that with a price graph? It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop. |
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molecular
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March 10, 2013, 09:29:55 AM |
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A fast rise will undoubtedly lead to a correction eventually, that is clear. It would defy all market behaviour in history if it didn't. However, the 2011 situation was different. First of all, the rise was pretty much all hype based on the idea of this new cryptocurrency. There was no economy to speak of, except Silk Road that had just started. There were literally only a few Bitcoin companies in the whole world, and merchants such as Alpaca Socks accepting bitcoins. Then the hype went down, and security problems ran rampant within the community, leading to a total crash.
We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted online, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.
Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no? Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point? Ok, speculation-time: What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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tpantlik
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March 10, 2013, 09:39:11 AM |
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Over $5 mil in visible orderbook. Could you (or anyone who has the data) please make a graph that shows: (total_bid / total_ask) vs. time and overlay that with a price graph? It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop. |
Gods sent us a powerful tool - cryptography - to fight with those who are trying to exploit us. USE IT!!
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zby
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March 10, 2013, 09:43:38 AM |
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What do you guys think about the evacuation of that big wall from 48.20 to 49.98?
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Bowjob
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March 10, 2013, 09:44:33 AM |
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What do you guys think about the evacuation of that big wall from 48.20 to 49.98?
The delay of the inevitable. |
It seemed like a good idea at the time.
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oakpacific
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March 10, 2013, 09:54:27 AM |
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What do you guys think about the evacuation of that big wall from 48.20 to 49.98?
I wish it could be eaten, it's ridiculous to have someone putting out a mere 10,000 BTC messing with the market like that. |
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Wekkel
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yes
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March 10, 2013, 09:58:11 AM |
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What do you guys think about the evacuation of that big wall from 48.20 to 49.98?
I wish it could be eaten, it's ridiculous to have someone putting out a mere 10,000 BTC messing with the market like that. Luring in suckers. |
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ChiangYay
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March 10, 2013, 10:02:18 AM |
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Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no? Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point? Ok, speculation-time: What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them? Hedge-fund? in Malta? Are you serious? "bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?" NO. Lol I suppose they don't have even one bitcoin It must be just an other Maddoff. Definitely e scam IMO. |
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