Whatever it is I don't know if I am feeling to confident about it. I just moved everything I had on Gox off. Better to play it a little safe right now. IMO.

I remember the wall observer threads when the market was bubbling. Zoomed out, the buying wall looked like a tsunami, ready to overflood the gradual upward curve of the selling wall. Some made drawings of surf boarders on the buying waves, and on the selling wall, drawed people fleeing from the wave etc.

Since the crash I've seen the inverse, now the selling wall looks like a wave, sometimes tsunami, ready to overflow the gradual upward curve of the buying wall.

I'm surprised these pictures showing the strong selling tsunami and making funny drawings on it are not posted here though. Or did I miss those?

Exactly my thinking... why would someone sell on stamp for $83 instead at gox for 94$ (13% lower). There is some strange info we don't know yet about.

$115 is when I get excited... not before

It really looks to me that what is being bought on Gox is being dumped on BitStamp in a hurry
I think we could be about to see a REAL price dislocation in the coming days. Something wierd is going on.

I am not an expert on indicators, but isn't the divergence you spotted a hidden bullish divergence? It certainly isn't a regular divergence (indicating bearishness).

Must - resist - short - selling.

You guys gonna buy the $92 wall or not?

I doubt they would hit the block chain. While you are trading at an exchange, you're just playing with numbers in the exchange's database. It's only when fiat/BTC are withdrawn that any action occurs.

That said, I'm sure you will get some people who withdraw all of their trading BTC each night for safe keeping.

What about this indicator:

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&show_header=true&daysAverageString=1&timespan=all&scale=0&address=

What exactly would cause this, as about 5 million people are very interested about bitcoins and seek an entry point, whereas current holders have pretty much emptied what they want?

I entered into bitcoin at exactly this point in late 2011 and have not regretted.

One billion dollar market cap is nothing.

Do you want to say that a country with a currency backed by gold can't get in debt or go bankrupt?
History has so many examples proving the opposite.

Btw , how many times did Greece failed in the past? =)))

What point are you trying to make?

The problem is that this does nothing to address the huge debts that the governments have accumulated and continue to accumulate. We will more than likely see bail-in's in future, and banks being shutdown, but the Gov's (and by extension citizens) are still left holding the overflowing bag they have been forced into carrying thus far. And in the crisis scenario you are talking about, we will end up with economic stagnation. Growth will collapse, The Greatest Depression will be finally revealed to all.

Have you seen the TV series 'Continuum' ? Set partly in a future in which corporations rule the world directly after bailing out countries when their govs collapsed. It is not entirely impossible - pull back the curtain and that is what is already going on. The upcoming cirsis could well provide them with the opportunity to just get rid of the middlemen and appear as saviours. Bringing back all those triliions of offshore dollars and DIRECTLY buying countries, by bailing out the bankrupt govs, rather than just buying political influence. All the while being viewed as 'saviours' by the sheeple.

It is *possible*. The corporate endgame ...
And the first thing they would probably do ... issue a new (digital ?) currency

Like you, I agree that none of this is going to happen overnight (until it does!), but we are not getting out of this without a whole world of pain disproportionately doled out to those who least deserve it.

The governments have made a trap for themselves by bailing out the banks, the banks have them over a barrel and they have no way out now.  If they stop QE and bank bailouts then the banks pull the rug out from under the economy and it collapses.  If they don't stop QE and bailouts then the population become so impoverished, desperate and angry that the result will eventually be a huge angry mob turning up at Parliament to lynch the lot of them.

What the governments should have done was to seize all the assets of the failing banks, jail those responsible and then compensate the people who had money in the banks.  That of course would have been quite a blow to the economy but at least the total cost would have been finite, and possible to pay off and recover from eventually.  Instead because the government and the banks are the same thing they chose the route of bailing out the banks, now they're desperately scrabbling for money to fill this bottomless money pit, a task that is impossible.  The way that they've responded to this situation means that whatever they do the economy is now doomed.

Max Kaiser +1

Another thing that people don't seem to understand is that QE is a very effective way to tax the population without them realising it, they don't have to be sent a bill or made aware of it at all.

Let's take the example of the UK economy, for no other reason than that's where I live.  Suppose the real total wealth of the country and the total amount of Sterling in existence is £1trillion, and that it's divided equally between the government and us the long suffering population.  Next the government prints another £1trillion of fiat and keeps it.  There hasn't been another £1trillion of wealth generated to justify that so the only thing that can happen is for the value of Sterling to halve.  Now two things have happened, the first is that rather than having £500,000,000 of wealth the population only have half of that, they might have the same amount of bank notes but they can only buy half as much with them.  The government has £1,500,000,000 in bank notes now, they too may only have half the value they did but they've effectively arranged it so that rather than the government and the people having a 50:50 share in the unchanged real total wealth of the country it's now 75:25, and nobody has noticed.  Obviously these are fictitious numbers but that's not the point.