samson
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October 21, 2013, 11:10:47 AM

If there's not enough depth in each direction then I'll just sit and wait. I'm no no rush whatsoever.

You have been invested quite long. Has this strategy paid off, compared to simple buy&hold?

Yes it has.

Lets take a look at the ask depth :

8,000 BTC takes the price to $201 - Could be done - not so hard either at the current price point

16,000 BTC takes the price to $248 - The kind of people who went long at $240 and above in April will be buying here

20,000 BTC takes the price to $280 - LOL
 
23,000 BTC takes the price to $500+ - LOL

Unless there's a long period of consolidation where bids and asks are filled either side of the spread it will crash.