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2081  Economy / Speculation / Re: OMG CRASH! on: March 06, 2013, 10:02:20 AM
ok damn that was a quick recovery. hoped my buy orders at $40 will get filled. but nobody panicked enough Sad don't you people need fiat money anymore? Smiley Ask "BTC Economist", we're definitely seeing single digits next week! (but maybe in groups of two or three).

No, it's not a recovery, it's a  dead cat bounce! Keep it on topic! Cheesy
2082  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 09:56:26 AM
Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

But to delay real human orders for multiple 0.01 BTC bot orders is just stupid, they should still limit such activities.

We'll have to agree to disagree on that point.  Isn't some 'organization' being allowed to 'limit activities' exactly what BTC aims to prevent?  Why don't we limit your trading activity since it might delay mine?  If a person wants to trade .01BTC, should we delay that order because it looks like its probably a bot?

Is there really something wrong with expecting Gox to keep up with their trade volume?  Are they on that much of a shoestring budget?

Enigma

You could just give every IP address a quota, rather than outright ban bot activities, there is no reason someone could issue 10000 orders per hour while all others have to settle with 10 orders or something, it's quite simple: if your number of orders per a certain time duration exceeds a certain number, your order is given a low priority, I think it's fair enough.

About hardware upgrade: if we want to find excuses for them, one could be that bitcoin trades 24*7, so it's harder for them to upgrade than the stock exchanges.
2083  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 09:48:43 AM
Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

But to delay real human orders for multiple 0.01 BTC bot orders is just stupid, they should still limit such activities.
2084  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 09:45:31 AM
Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.
2085  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 09:40:36 AM
There are a huge amount of cold storage coins coming out and probably being thrown into the lava at Mt Gox.

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

well, i tried to market sell some bitcoins on mtgox and they've been sitting there for 10 minutes

ok, after i wrote this i went and relisted it as a sell at $1 and it sold for 45

it was $46.85 or something like that when i initially put it in as a market sell

Gox hardly refreshes their latest price quote, by the time you issue the order the bid you saw could have been long gone.
2086  Economy / Speculation / Re: OMG CRASH! on: March 06, 2013, 09:25:42 AM
Holy crap, only 250K BTC in bids to $2, some big bears are gonna eat all of them for lunch, in just 15 minutes we will reach the 2-years low! Shocked
2087  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 09:20:57 AM
There are a huge amount of cold storage coins coming out and probably being thrown into the lava at Mt Gox.

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

It is by no means huge if you look at the historical levels, especially at this price point it's not huge.

I hope it's because most of the early adopters have all but cashed out, let's see.
2088  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 08:57:30 AM
As if 7 dollars per day is not enough....
2089  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 07:27:05 AM
Any bear who dares to stand up and fight against the tide is my hero, this dizzy speed is rather unsettling.
2090  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 07:08:28 AM
have you been buying again Mr.Loaded? make sure to warn us before you decide to sell off a ton of coins  Grin

Have been selling all along. Just on a different market.

Who else is enjoying the ride? More to come.

I am!
Thanks for paying off my student debt, lmfao.

Thank my clients, and several other large buyers here.

If you're actually still trying to acquire coins for clients, why would you say "more to come," allowing anyone on the forum to front-run you/them? Why wouldn't you be trying to talk the market down instead? Smells a tad fishy.

This little subforum really doesn't matter so much........
2091  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 04:58:38 AM
I just wanna say, that my strategy of buying and holding has been paying off. Everyone take note!

Yeah, why not? Think about it, are you going to spend your money buying stocks? Bonds? PMs? Or stockpile them under your bed? Or put them into a bank to get, like 1% AER?  Buy bitcoins and you won't regret!

PS: For those who want to spend on hookers and blows, you can often get a better price using bitcoins.
2092  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 04:24:59 AM


after adam ran out of breath, the train kept going and going far into the distance.
Adam was very thirsty and he could see a vending machine back at the train station...
he went to buy a water bottle when he realized... it only
accepted bitcoin! all day adam was asking people to trade 100USD for 0.032BTC
so he could buy a bottle of water... sadly adam died that day of dehydration caused by
lack of bitcoin. Cry



That guy looks like Ben Bernake with glasses! Does he become a vending machine operator after FED closed? Cheesy
2093  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 04:03:41 AM
I know it hasn't been that long ago, but this epic price action just deserves this repost  Grin:

(engine is sputtering a little bit atm though)

I'm still on board!

Of course, who else could add surfing bulls to our intergalactic space maps?

So you guys have all switched to intergalactic flights these days? Nobody cares about the good old train that was the first to leave Adam in dusts? Huh
2094  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 03:59:10 AM
this little ditch down is reassuring...

yeah, shocked im happy to see btc correct down $3

It ain't a correction at all if this 3k puny drop is all they can squeeze out, it would be a jumping off the cliff.
2095  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 03:28:09 AM
To all out there: don't try to go long on too much borrowed money now(high leverage), the price could easily swing by a large percentage when it rallies wildly, as it takes time for the buy walls to build up, I'm saying this as a dollar lender.
2096  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 03:16:12 AM
have you been buying again Mr.Loaded? make sure to warn us before you decide to sell off a ton of coins  Grin

Have been selling all along. Just on a different market.

Who else is enjoying the ride? More to come.

I am!
Thanks for paying off my student debt, lmfao.

Thank my clients, and several other large buyers here.

Thanks to you all and thumb up for the right decision!
2097  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 03:12:53 AM
Who else thinks it's driven by the money they made off the stock market?
2098  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 03:10:28 AM
Would anyone think of the bears?  Sad Wink
2099  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 02:54:16 AM
Just look at the USD volumes lately! There have to be some big players getting in.



No increase in real volume, just an increase in price

That last candle is in the process of being made. It's got many hours to go before it's done. It'd be more appropriate to look at yesterday.

I always have admiration for some peoples' uncanny ability to find bearish indicators in every trend.
2100  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 06, 2013, 02:35:06 AM
You know it's crazy when you have to post it 5 times a day.
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