All posts made by ScrapOfCat in Bitcointalk.org's Wall Observer thread
1.
Post 1953455 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_10.54h):
2.
Post 1997175 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_10.55h):
Asks rising dramatically, bulls failing to get back past 120.
Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back.
If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)
3.
Post 1997327 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_10.55h):
If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)
Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down.
Here's what I was thinking:
You have a large number of coins you want to sell in a fairly short time frame. You know that every time you dump a large number there will be a bounce. You decide to sell the next segment, say 125 to 120. you can be pretty sure that after you sell that segment, the price will bounce back up.
You still intend to sell more coins. So you set up ask walls, say 500 coins, at every $.5 interval back up to 123-124. Now when the bounce happens, you sell coins to people that want to buy before the next drop.
Wait for the volume of people in the bounce to dry up. Repeat.
As I say, I'm a noob. but it seems like a way to maximize if you aren't willing to just wait and sell 500 coins a day or something.
4.
Post 2282122 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.00h):
Didn't get far in the Bitcoin town thread.
Read OP. talked about solar, internet and farms (?!? lol) in New Mexico with no mention of water. Obviously not really familiar with the west...
5.
Post 3117561 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.15h):
Ok, I'll give it a shot:
let's say you wanted to buy a huge number of coins in the near term, but the ask volume means if you buy them all at once, the end price is more than you want to pay. How do you shake some bitcoins loose from the ask tree?
Maybe, you buy ~1/2 of what you mean to buy in one fell swoop, and then put up some large bids and wait.
People sitting higher up on the ask side think "Hm, looks like the activity has peaked and may start to go down. Nice looking bid wall going, guess I'll grab some quick profit." and proceed to sell to the exact same whale that started the whole thing off.
Which raises the question of exactly how many more coins does the whale actually want to buy and at what price. I think if they have a target price north of $135, there are going to be some very unhappy bears soon.
(If my past prediction record is any indication, this means you should sell immediately.)
6.
Post 3128053 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.15h):
someone seems to think 135 is a magic number.
7.
Post 3133111 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.15h):
OK, here's some real speculation: someone knows that bitcoins have to be much higher price for institutional investors to be interested in them, so they are driving the price through the roof, while simultaneously cleaning out the bears on the way up.
Then they will have a huge stash to sell to the banks when they're worth $5000.
/removes tin hat
/foil is worthless, pass it on.
8.
Post 3159755 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.16h):
9.
Post 3273116 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.16h):
Tea time?
10.
Post 3345845 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.17h):
11.
Post 3492909 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.20h):
12.
Post 3497177 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.20h):
I found an interesting fractal when comparing tonight's chart with last week's "mother of all cuphandles". Maybe it forecasts something that's about to happen: We go sideways for a day while drilling away at the resistance and then have a massive breakout?
13.
Post 3527260 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.21h):
14.
Post 3529719 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.21h):
Is it too late to get in?
I bought my last coins at 249 during the bubble, then spent the entire summer paying off credit card debt for coins that were occasionally worth 3+ times less than I paid for them. As you can imagine, I am gun shy as hell.
And yet I'm thinking of buying more coins. I sat around with FRNs while the price rose from 150 through 200 thinking "there they go again, fuck buying expensive coins this time." Same for 250, then 300.
And when it finally occurred to me to figure it out, even at 400, each coin only increases my average buy in cost
per coin by less than the cost of a pizza.
And we all know how that pizza thing works out over time...
15.
Post 3621320 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.24h):
I've been listening to this while the price dives, and laughing my ass off. Thanks for the link
16.
Post 3621375 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.24h):
17.
Post 3621563 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.24h):
Were there actually any whales dumping? Didn't notice to see if there were any 500/1000 BTC dumps. I just saw a lot of small (50 btc) dumps.
50btc are the new whales (snort!)
18.
Post 3712431 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.29h):
Last few days have been just back/forth, as you can see in this chart..
FINALLY a chart I can read
Judging from my reaction:
Up, Up, Up!
19.
Post 3742180 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.30h):
Yep - it's out of date, I was joking - but why not set a new target we can hope for?
m
BTC 1 = $2 by 2013-12-31 23:59?
Easy way to pronounce mbtc?
"embit" "milli-bit" ?
I like "embee" written as mB
20.
Post 3742551 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.30h):
how about mB would be called bit/bits when B is bitcoin/bitcoins, "I paid just two bits for this coffee!"
Shave and a haircut, two bits!
21.
Post 3742601 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.30h):
We need to have a term - and imagine that coffee shop increasing the price in USD and putting it down in BTC often enough for people to realise what inflation REALLY means!
This is brilliant. Fiat is doomed.
22.
Post 3873976 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
Gonna have to run counter to opinion.
I got a funky sensation...
http://www.youtube.com/watch?v=ZicjsqPCccI
23.
Post 3874008 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
I was all in the mood to watch, but it says it doesn't exist
24.
Post 3874168 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
I was all in the mood to watch, but it says it doesn't exist
It must be some random, transient, YouTube failure and not because I left out a character in the URL, because who would ever do that?
https://www.youtube.com/watch?v=bw9CALKOvAI
25.
Post 3874395 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
i think this second bull trap is near complete.
See, the weird part is, I'm a bull and I neither bought nor sold bitcoins recently. How did I get trapped exactly?
26.
Post 3874482 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
i think this second bull trap is near complete.
See, the weird part is, I'm a bull and I neither bought nor sold bitcoins recently. How did I get trapped exactly?
Seriously? You know what bull trap means, there's no reason to get offended... you guys have to pick a fight about everything
I was just being flippant, as is my wont, but now I'm curious. What do you mean?
27.
Post 3874592 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
oic, I'm not trying to pick a fight. Just looking for something to talk about while I obsess about bitcoins.
I love you guys....
28.
Post 3875493 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
BTW, that video was not random. You guys have your charts. I have my funky sensations.
29.
Post 3875582 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
BTW, that video was not random. You guys have your charts. I have my funky sensations.
Maybe I should say ambiguous.
If the price goes down, I can say it was about Bitcoin.
If the price goes up, I can say it was about the USD.
Win-win.
Oh sorry, didn't mean to be vague. To the moon!
30.
Post 3875618 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
Please tell what you have done to earn your money?
I put my foot on the first rung of the ladder.
Anyone that has ever climbed that ladder knows exactly what happens from there.
31.
Post 3875647 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
Please tell what you have done to earn your money?
I put my foot on the first rung of the ladder.
Anyone that has ever climbed that ladder knows exactly what happens from there.
Ah - you're a window cleaner?
Dad?
32.
Post 3875662 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
Oh sorry, didn't mean to be vague. To the moon!
Vague is better. Done correctly, it means you can never be wrong.
I don't want to never be wrong. I've decided to settle for wealthy.
33.
Post 3875722 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.34h):
Ignore my funky sensation ye mighty, and despair!
ok, enough megalomania for one evening. I'm going to try to stop posting....
34.
Post 3902508 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.35h):
As far as Corporate Coins go, a lot of what attracted me to btc in the first place won't be true of whatever they come up with.
I'll probably use them for whatever purpose they serve. But I doubt I would invest in any, unless they convey some type of ownership of the company.
I like bitcoins, because they allow a regular person to have the possibility of owning a small piece of a future financial system. This sounds like I get to use a piece of a system they own, which isn't the same thing at all.
35.
Post 4024542 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.42h):
We got a weed lord calling the shots on BTCe.
Triple bottom was at 420.
Maybe final bottom?
Who's the weed lord?
You should have seen the trollbox earlier..bedlam!!
GanjaCoin?
36.
Post 4110495 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.45h):
The guest host on Rush Limbaugh's show is talking about the 10,000 btc pizza
37.
Post 4110575 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.45h):
got that special tingly feeling that suggests bull case is building up inexorably again ... much wow coming for xmas?!
I'm feeling like big things in January. Beginning of a new year and all that. Not sure about the rest of the world, but in the US lots of people get new budgets in January.
38.
Post 4136937 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.46h):
Merry Christmas, bulls and bears alike.
Peace to all.
That picture is fantastic!
39.
Post 4302859 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.50h):
I got a funky sensation...
40.
Post 4637093 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.57h):
41.
Post 4637273 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.57h):
so gox bux is becoming worthless, $150 between gox and all exchanges.... and most of the action is happening there...
Everyone always hates the powerful
42.
Post 4637710 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.57h):
If bitcoin goes to $1000 I will....
Find your lack of faith amusing....
43.
Post 4638615 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.57h):
this is BITCOINtalk.org, not Dogecointalk. You fuckers are just being rude. I don't go to your house, piss in the flowerpot and shit on your rug. Please do us the same courtesy. You have your own, threads, your own subforum, your own reddit. use them and leave us alone. We don't want you here. You are like juveniles. you missed the early adopter phase and you think it's unfair. tough shit. life ain't fair. It'll be even less fair when your shitcoin tanks but I won't invade your space and gloat about it cuz, you know, I'm better than you. Now do me the favor of fucking off and possibly dying, but that last part is up to you. Thanks.
Reactions like this are part of the reason why dogecoin exists.
No. Dogecoin exists for the sole reason of dumping for Bitcoin at an unknown future point in time. This is the only reason for it's existence.
So what?
44.
Post 4765877 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_11.59h):
No secret rockets to see here, move along
45.
Post 4792303 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.00h):
46.
Post 4851079 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.01h):
To 920 of course. What else.
You are much too conservative. 921 at a minimum.
47.
Post 4868936 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.02h):
48.
Post 4869341 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.02h):
Sorry for repost.....maybe this is why i get hard every time i see a train
SchwingCoin.
Do I have to do all the work?
49.
Post 4869462 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.02h):
I see people are still completely pooping their pants and sell as soon as the price goes up just a few dollars. What is the current fear? Did i miss anything?
We are all scared of the Doge.
50.
Post 4869644 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.02h):
I see people are still completely pooping their pants and sell as soon as the price goes up just a few dollars. What is the current fear? Did i miss anything?
We are all scared of the Doge.
wow
such growth
so mainstream
much capital
how stupid
much Schwing
51.
Post 4906674 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.02h):
The freedom to transmit value instantly across borders, peer to peer, independent of banks and governments? Priceless.
For all else, there's dogecoin.
UnderDogCoin*
https://www.youtube.com/watch?v=tEVsRLhet2k* Yes, I did spell dog correctly. Live with it.
52.
Post 5071656 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.06h):
Bitcoin Bozo always seems to bounce back.
Having to restrain myself from attempting to register "Bitcoin Bozo" everywhere.
53.
Post 5173195 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.10h):
For the love of god, can someone please tell me how I can lay hands on some of these $275 coins?!?
54.
Post 5173245 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.10h):
For the love of god, can someone please tell me how I can lay hands on some of these $275 coins?!?
I think you are better going to buy lottery tickets if you want Gox coins, but you can buy then from
bitcoinbuilder.
not even, thanks though.
55.
Post 5275760 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.15h):
The whalebots are coming.
I lol'd at that. Thanks.
56.
Post 5541806 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.24h):
57.
Post 5798461 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.28h):
good call... we need to go to Roman numerals to conserve space.
Let's save more and go binary
I'll start.
0
1
101010
58.
Post 6014260 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.31h):
Dammit, y'all are falling for it
59.
Post 6166856 (copy this link) (by ScrapOfCat) (scraped on 2020-04-04_Sat_12.36h):
Where's it gonna get rough? 300, then it gets rough.
