NamelessOne
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Activity: 840
Merit: 1000
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March 26, 2013, 08:59:01 PM |
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Moved to the bigger walls now. It also looks like a triangle is forming. At times I wonder if the Wallmaker actually attempts to manufacture triangles by creating and altering massive walls on the bids and asks. Moving the walls tighter and tighter as needed.
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rpietila
Donator
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Activity: 1722
Merit: 1036
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March 26, 2013, 09:01:57 PM |
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Moved to the bigger walls now. It also looks like a triangle is forming. At times I wonder if the Wallmaker actually attempts to manufacture triangles by creating and altering massive walls on the bids and asks. Moving the walls tighter and tighter as needed.
How many entities do you believe are able to show a BTC10-15k wall? How many actually do it? Single or multiple manipulators?
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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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mccorvic
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March 26, 2013, 09:03:23 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 26, 2013, 09:04:06 PM |
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I think someone mentioned that Coinlab will likely issue 1099's for tax purposes and therefore it seems likely they will require ID verification if it is true.I don't know about the USD redeemable codes though.
That will certainly fix the Goxopoly problem, thus insuring The Scattering ( http://dune.wikia.com/wiki/Scattering) occurs and we remain on God Emperor Satoshi's Golden Path.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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humanitee
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March 26, 2013, 09:05:38 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
Ask side experiencing wall erectile dysfunction.
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| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
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| Whitepaper Medium Reddit
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mccorvic
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March 26, 2013, 09:06:47 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
Ask side experiencing wall erectile dysfunction. Proving what we expected all along: These bear manipulators are really just suffering from defective penile syndrome.
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 26, 2013, 09:08:49 PM |
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I was wondering if you could create some sort of trading card game where the cards are mined and then people take them and use them in a virtual play ground.
Great way to encourage hoarding saving! Tie the quality of items to size/age of a wallet address. The older/bigger your balance, the better skin/sword/level you get. Satoshi would have the Sword of 1000 Truths, of course. Of course, you could simply arrange for a way to let League of Legends trolls players bet BTC on games and get rich much faster.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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The-Real-Link
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March 26, 2013, 09:11:30 PM |
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Paging Loaded, party of 1. Was that you? ;p Was fortunate to look at the chart and caught the massive trade.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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March 26, 2013, 09:13:17 PM |
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Moved to the bigger walls now. It also looks like a triangle is forming. At times I wonder if the Wallmaker actually attempts to manufacture triangles by creating and altering massive walls on the bids and asks. Moving the walls tighter and tighter as needed.
How many entities do you believe are able to show a BTC10-15k wall? How many actually do it? Single or multiple manipulators? I have no clue of course, and only watch what everyone else watches. But I'd imagine there are at least a couple people with that buying power who do the walls, probably others that don't. I tend to think of them as lone wolves or at least a single person controlling the groups money since those walls are never a collection of bids, as they go up and down instantly. I tend to think their goal is to make more coins cheap by placing walls at key times and price points, while also generally 'protecting' the market from lunacy spikes that could cause too much fear. OR there is someone doing one of those, and someone else doing the other. But you can never know for sure so it is damn annoying to watch.
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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March 26, 2013, 09:27:36 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
I'm not sure this measure (bid sum) makes much sense. I just cancelled about $2500 (a lot for me) worth of old bids that never got filled (between $20 and $45). I don't even have to fiat to support these on mtGox, you can just have "invalid" bids. I'm sorry, this is probably common knowledge, but are invalid bids shown in the public order book?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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humanitee
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March 26, 2013, 09:30:38 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
I'm not sure this measure (bid sum) makes much sense. I just cancelled about $2500 (a lot for me) worth of old bids that never got filled (between $20 and $45). I don't even have to fiat to support these on mtGox, you can just have "invalid" bids. I'm sorry, this is probably common knowledge, but are invalid bids shown in the public order book? No.
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| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
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| Whitepaper Medium Reddit
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mccorvic
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March 26, 2013, 10:01:06 PM |
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Does anyone else see no trades coming through? Clarkmoody and bitcoinity haven't updated for me in for about 5 mins.
EDIT: As soon as I posted I did see a mighty 0.1 buy come up.
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Beta-coiner1
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March 26, 2013, 10:03:39 PM |
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Does anyone else see no trades coming through? Clarkmoody and bitcoinity haven't updated for me in for about 5 mins.
EDIT: As soon as I posted I did see a mighty 0.1 buy come up.
Expect things to slow down as Europe sleeps!
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EnergyVampire
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March 26, 2013, 10:11:35 PM Last edit: March 26, 2013, 10:21:47 PM by EnergyVampire |
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Does anyone else see no trades coming through? Clarkmoody and bitcoinity haven't updated for me in for about 5 mins.
EDIT: As soon as I posted I did see a mighty 0.1 buy come up.
I was wondering the same but it appears the other exchanges are rather quiet as well.
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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March 26, 2013, 10:24:55 PM |
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
I'm not sure this measure (bid sum) makes much sense. I just cancelled about $2500 (a lot for me) worth of old bids that never got filled (between $20 and $45). I don't even have to fiat to support these on mtGox, you can just have "invalid" bids. I'm sorry, this is probably common knowledge, but are invalid bids shown in the public order book? No. Thanks. This is correct, I confirmed it empirically. I put 2 orders, 1 open, 1 invalid: [ 4] {f994caed-d6fd-4e42-9fe3-c5e97e2513eb} | bid 1.0 62.62626 - open [ 11] {16706be4-5953-4ad3-98e8-78c90c3d1003} | bid 1.0 42.42424 - invalid
only the open one shows in the public orderbook (fulldepth) # select * from fulldepth where price in (42.42424, 62.62626) and poll_id > 2700; id | poll_id | price | amount | stamp | type ----------+---------+----------+------------+------------------+------ 28529939 | 2718 | 62.62626 | 1.00000000 | 1364336282855010 | 1
So now I agree, this is humongeously bullish. At least 9.5 million USD on mtGox (6 million above $50).
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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ineededausername
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March 26, 2013, 10:27:23 PM |
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Yup, $9.5 mil bids (record) with 53k BTC in asks (relatively low). Takeoff is approaching.
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(BFL)^2 < 0
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molecular
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Legendary
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Activity: 2772
Merit: 1019
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March 26, 2013, 10:33:01 PM |
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Wasn't there a really huge bid wall in the low 30s a while back? That huge wall at 51.03 reminds me of that: price | btc | usd ----------+----------------+----------------------- 51.03000 | 28045.91420000 | 1431183.0016260000000
That's 1.4 million USD in (probably) one order
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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The-Real-Link
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March 26, 2013, 10:36:42 PM |
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Of course I know it works both ways but why be a bear? Saw another huge trade just a bit ago.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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samson
Legendary
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Activity: 2097
Merit: 1070
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March 26, 2013, 10:40:03 PM |
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Yup, $9.5 mil bids (record) with 53k BTC in asks (relatively low). Takeoff is approaching.
I may be mistaken but why do we have record bids all attempting to buy BTC lower than it's currently selling for ? What are they waiting for ? Is there some kind of strange procedure that people follow when purchasing ? Something like this : 1 Get some fresh USD onto MtGox after a long verification process 2 Place an order which oviously won't be fulfulled as the price is rising beyond your bid price 3 Wait for the price of BTC to go up by several more dollars 4 Make your eventual purchase at your leisure with no urgency to 'buy low' whatsoever It doesn't sound right to me
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molecular
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Activity: 2772
Merit: 1019
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March 26, 2013, 10:46:44 PM |
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Yup, $9.5 mil bids (record) with 53k BTC in asks (relatively low). Takeoff is approaching.
I may be mistaken but why do we have record bids all attempting to buy BTC lower than it's currently selling for ? What are they waiting for ? Is there some kind of strange procedure that people follow when purchasing ? Something like this : 1 Get some fresh USD onto MtGox after a long verification process 2 Place an order which oviously won't be fulfulled as the price is rising beyond your ask price 3 Wait for the price of BTC to go up by several more dollars 4 Make your eventual purchase at your leisure with no urgency to 'buy low' whatsoever It doesn't sound right to me look for example at the 18 day exponential average in this chart: I'm guessing people are waiting for a smack-down similar to that. They think the price is too high... until it gets higher. Then they think it was low before and why the f... didn't they buy and at some point decide to screw it and actually buy. It's hard to believe bitcoin can just keep going up ("what goes up has to come down at some point")
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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