Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rpietila
on 13/12/2013, 22:26:07 UTC
All sing: It's a kind of magic! Smiley

How to make a million dollars (from orderbook) go poof Wink

If you want to know what's the point in having walls on the opposite side of what you are doing, the benefit is twofold:

- The price can be pushed higher. It is only between 0.5%-1%, but it adds up when making a large trade.
- The volume can be induced. Bitstamp was dead before the walls, but then there came so many traders that I could sell BTC300 in 40 minutes with positive slippage (while trolling the forum ofc)!

In total I made about $3,000-$5,000 by not crashing the price to 850. In another kind of circumstances that would have been beneficial due to the panic effect but now it does not matter; bitcoin is overvalued and it will slowly come down in the timeframe of 1-3 months.