All posts made by Bitcycle in Bitcointalk.org's Wall Observer thread



1. Post 2114485 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_10.58h):

Could go either way from here, but down has a lot more resistance than up.  I wouldn't have gambled selling at 114, but a lot of people seemed to.

A lot of people have been waiting for coins at 112 or less. What if this dip goes up without hitting that level?



2. Post 2134882 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_10.58h):

Quote from: Digikeys on May 13, 2013, 07:39:46 PM
In non-rpietila news..... Big ask wall up at 117.9

Walls seem to have become near useless.  A handful of small players react to them and the price remains unchanged. 

People don't seem to react to much of anything any more.  Big dump?  People just buy the price right back up.  Might be a side-effect of so little volume.



3. Post 2244656 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.00h):

Quote from: FNG on May 23, 2013, 12:13:11 PM
124.5 guy moved some coins up to 125


He's walking us up, bit by bit.  Would like to see support from others too, but take what we get I guess.



4. Post 2265825 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.00h):

Quote from: Voktar on May 25, 2013, 12:30:57 PM

Well, i don't think it was unexpected at all, in fact i was expecting some bear greed. A lot of people just sell to rebuy cheaper, all short term bears here are just long term bulls.

I wish someone push the price to 1000$ spending 20mil$ in one move after a severe dump, lefting all bears that sell back at 128$ with no coins to purchase at Gox.





It was completely expected, the only surprise was that it didn't happen sooner.

I think someone overplayed their hand pushing down to 128.3 though.  We'll see, but I think that the bottom for the weekend won't be much lower than that.



5. Post 2306870 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: rezurect on May 29, 2013, 01:32:55 PM
I speculate that the price will either rise or fall, one of those two.
I speculate sideways...............

For today, I'm giving the slight edge to up.  We held the line after the dumps, so there's not a lot of down sentiment out there.



6. Post 2334246 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: michaelGedi on May 31, 2013, 10:41:49 PM

to quote someone in this thread after the crash.... this is the "white knight of btc"

I'm not selling

Yep, I'm betting on the upside right here. 



7. Post 2335080 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):


If you think the wall is fake, go ahead and show us.  Sell into it.    Grin



8. Post 2336368 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: Frozenlock on June 01, 2013, 02:46:11 AM
Wallzilla killed the volume.

I'm really curious as to why there's a wall in many currencies.

Gox has only one market for all currencies.  The bids/asks in any given currency are converted to show in all other currencies, with a exchange fee built in.  The fee does not go to Gox, since they ironically are not licensed to exchange between various fiat currencies. Instead the fee goes to their bank, which does the actual fiat exchange.

The upshot is that if you place a bid in USD it shows up in Pounds, Euros, Baht, whatever else as well.

Source: MagicalTux in irc a few weeks ago.







9. Post 2347863 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):



Yeah, $50 isn't gonna happen, guys. That train left the station.  If you're waiting for 50 you might as well buy back now.


There's already about 6800 coins in bids on top of the low from that dump.  Keep waiting for "cheap coins" and you'll just be buying higher.




10. Post 2347910 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: IG0BR0KE on June 02, 2013, 11:12:49 AM


Yeah, $50 isn't gonna happen, guys. That train left the station.  If you're waiting for 50 you might as well buy back now.


There's already about 6800 coins in bids on top of the low from that dump.  Keep waiting for "cheap coins" and you'll just be buying higher.



 and yesterday we had 10k on 127...

Spot the difference in the situations.



11. Post 2347989 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: niothor on June 02, 2013, 11:24:01 AM


Yeah, $50 isn't gonna happen, guys. That train left the station.  If you're waiting for 50 you might as well buy back now.


There's already about 6800 coins in bids on top of the low from that dump.  Keep waiting for "cheap coins" and you'll just be buying higher.



Is that what you think it will happen , or what you want to happen?

Spot the difference! Smiley

Keep waiting for those $50 coins!

Talk about a dream...



12. Post 2350555 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: Abandon on June 02, 2013, 05:32:10 PM
Bitstamp is bullish, at $123.

The other exchanges haven't seemed as gullible as gox this morning.



13. Post 2355961 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: gizmoh on June 03, 2013, 07:13:45 AM
Weeeee! 2673 BTC sold!

And the big guy is eatting it right up.
Where do you see a big guy?  Huh

Maybe a very interesting Monday.  Grin


Let the selling start..Notice there is no panic sell, ahh smart Europeans
I wonder how Americans will react when they wake up and see price around 110-115 area..

Or how the clever little bears will react when they wake up and see it around 125.




14. Post 2355994 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

Quote from: BitPirate on June 03, 2013, 07:18:00 AM
Gox being higher than Bitstamp is a thing of the past then :-)

Looks like BTC-E dropped under Gox.  They were above them for a lot of Sunday.



15. Post 2362105 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.01h):

I hope it was worth it selling into that wall at 115 yesterday.  Enjoy your evening, bear cubs.



16. Post 2399521 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.02h):

Sell now while it's still low!



17. Post 2399609 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.02h):

Quote from: rezurect on June 07, 2013, 09:43:26 AM
To 115:
10k btc gox.
Now ,
2.5k btc to 115

And still everyone who sold into the 115 wall last week remain in the red.



18. Post 2400832 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.02h):

Quote from: Rampion on June 07, 2013, 12:34:00 PM
The downward movement we had on Sunday and the one we had today stopped only because sellers stopped to sell, not because buyers started to buy.

Outside of that part where buyers bought.



19. Post 2713615 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_11.10h):


Lots of small fries anxious to sell at 100.

But what will the whales do?



20. Post 8413775 (copy this link) (by Bitcycle) (scraped on 2020-04-04_Sat_13.06h):

About to get ugly for you shorters.  Try not to trample each other too much when you're covering.  Don't worry, there's room for at least 3 or 4 of you to profit!