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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26369894 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
haightst
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November 12, 2013, 12:32:59 AM
 #40361

Tomorrow might be an important day. Make or break on 400.

500 is coming(flip at 475ish lol) imho!!!~ nobrainer  Wink

that's exactly what I thought about 400 and so far was true.

by >>> EOD?  Wink


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solex
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November 12, 2013, 12:52:33 AM
 #40362

What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.

There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too.
BitcoinAshley
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November 12, 2013, 12:55:36 AM
 #40363

so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.

Why don't you stop making shit up. Overlay the charts from different exchanges over the last 2 months. You can clearly see which exchange leads each move provided the X axes line up. Sometimes one exchange leads, sometimes another exchange leads - it's not as simple as "X exchange sets the price." There's a lot of back-and-forth now that the volume is evened out. This isn't april so stop pretending that Gox has 80% of the volume.... that's another thing you can check rather than making shit up. Go look at volume charts.

Don't be a noob: "Today, I saw Gox lead a move, therefore, MTGOX sets the price of the market. QED!"

Don't get goxxed!  Wink

As for price movement - we've been trading in a very narrow range for the last 10 hours. Something's gotta give. This is bitcoin, remember. Stability is usually rare and short-lived. Nice wall at 385 there but it's gonna get destroyed.
Richy_T
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November 12, 2013, 12:56:03 AM
 #40364

What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.

I agree with others that if you're not sure, 50/50 is probably the way to go.
theonewhowaskazu
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November 12, 2013, 12:58:08 AM
 #40365


so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.

Why don't you stop making shit up. Overlay the charts from different exchanges over the last 2 months. Sometimes Gox leads, but sometimes BTCchina leads. This isn't april so stop pretending that Gox has 80% of the volume.... that's another thing you can check rather than making shit up. Go look at volume charts.

Don't get goxxed!  Wink

Seriously, nobody even likes gox any more. People wanting to get money in and out of Bitcoin... shouldn't use gox for fairly obvious reasons, reasons that are in such a large quantity, that I shouldn't even need to list them. People wanting just to trade Bitcoin, for the sake of daytrading & the like, should just use BTCChina as its free, if they don't intend to withdraw anyway & aren't chinese. So I don't know how Gox is even a thing any more.
ChartBuddy
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November 12, 2013, 01:01:46 AM
 #40366

solex
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November 12, 2013, 01:06:51 AM
 #40367

What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.

There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too.

400 today, when china awakes?

400 on gox today, I think likely. 400 on a real exchange (stamp/btce etc) maybe by the weekend.

As an aside, just reading about this new exchange. Looks professional and has $5m VC funding (according to genesis block)
http://thegenesisblock.com/category/news/
https://www.itbit.com/


gox is going to fade fast with all this new competition.
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November 12, 2013, 01:19:06 AM
 #40368

What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.

There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too.

400 today, when china awakes?

400 on gox today, I think likely. 400 on a real exchange (stamp/btce etc) maybe by the weekend.

As an aside, just reading about this new exchange. Looks professional and has $5m VC funding (according to genesis block)
http://thegenesisblock.com/category/news/
https://www.itbit.com/


gox is going to fade fast with all this new competition.

Hopefully it will happen fast. The best thing Mark Karpeles could have done for MtGox was to own it but not run it himself, he should have had a team of people doing everything for him while he just enjoyed profits. Once the Gox era is gone it will be the close of chapter. "Oh remember MtGox? Ha, the Netscape of Bitcoin! But Netscape was run better"
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November 12, 2013, 01:21:41 AM
 #40369



 Cheesy
bobdude17
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November 12, 2013, 01:22:17 AM
 #40370

Ok what the living fuck.
barbs
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November 12, 2013, 01:22:52 AM
 #40371

Goxed again? lmao

what a fail
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November 12, 2013, 01:25:48 AM
 #40372

Goxed again? lmao

what a fail
Clearly it is time for the MtGox team to go back to sleep.   Tongue
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November 12, 2013, 01:28:04 AM
 #40373

NamelessOne
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November 12, 2013, 01:37:05 AM
 #40374

The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.
TheKoziTwo
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November 12, 2013, 01:40:54 AM
 #40375

Odalv
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November 12, 2013, 01:45:12 AM
 #40376

The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.

fuck gox, hope it dies in a fire caused by a train

It is better to have 3 exchanges instead of 2.
DougTanner
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November 12, 2013, 01:48:42 AM
 #40377

China is awake. I think this is going to be a big week.

solex
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November 12, 2013, 01:50:03 AM
 #40378

The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.

fuck gox, hope it dies in a fire caused by a train

It is better to have 3 exchanges instead of 2.

Some people have been waiting months for fiat withdrawals. That is unacceptable.
I was a huge fan of gox until June when they messed me around. Would not touch them with a bargepole until ALL their problems are resolved.
FWIW Their api is much better than stamps however.

TheKoziTwo
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November 12, 2013, 01:51:08 AM
 #40379

Well, except from reporting you for being a terrorist, holding the bitcoinica funds hostage, laggy engine, leaking 60k user accounts, ddos panic crash, delayed fiat withdraws, networks congestion delayed btc withdraws, ltc 6 months++ delay and rude support replies. Mark seems like a pretty cool guy.
solex
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November 12, 2013, 01:53:59 AM
 #40380

Well, except from reporting you for being a terrorist, holding the bitcoinica funds hostage, laggy engine, leaking 60k user accounts, ddos panic crash, delayed fiat withdraws, networks congestion delayed btc withdraws, ltc 6 months++ delay and rude support replies. Mark seems like a pretty cool guy.


Could fill a book with that "The Rise and Fall of MtGox"
Calling John Grisham!
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