Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[olli]

Yeah I just canceled my buy at 601 because I want to see how far the wall pushes the price down ... but I agree, seems a bit too noobish

[virtualfaqs]

What site you guys using to see the walls? bitcoincharts.com doesn't refresh that quickly.

http://bitcoinity.org/markets/bitstamp/USD

Cool! Thanks!

[windjc]

Wow, he keeps moving it down. This is actually entertaining to watch.

[windjc]

This wall is going to push Bistamp under BtcChina price in 3...2...1

[Bitcoines]

Gox doesnt care  

[adamstgBit]

why cant we have a million dollar wall on virtex, no cheap coins for canadians???

[olli]

Actually, maybe it's not such a bad idea ... seems to troll all the bots.

[windjc]

This wall is going to push Bistamp under BtcChina price in 3...2...1

And its done. lol

[virtualfaqs]

Gox doesnt care  

Dammit. Come on Gox, don't let me down!!!! Give us a piece of the action.  

[byronbb]

Gox doesnt care  

Gox orderbook looks like someone dropped an A-Bomb into the middle of it.

[MAbtc]

Should have learned my lesson after Stamp bottomed so low last time..... I want my fiat on Stamp! 

[spooderman]

Guys, can we stay on topic?

[MAbtc]

Gox doesnt care  

Gox orderbook looks like someone dropped an A-Bomb into the middle of it.

Whoa, didn't notice, only 3915 coins to 530?

[EuroTrash]

603...602...601...

EDIT: KABOOM!

[virtualfaqs]

Gox doesnt care  

Gox orderbook looks like someone dropped an A-Bomb into the middle of it.

Whoa, didn't notice, only 3915 coins to 530?

Would be hilarious if he did market order while moving it around.

[spooderman]

Wanna start a countdown adam?

[adsdas]

Goodbye bitcoin, atleast you had a nice run

[gandhibt]

What site you guys using to see the walls? bitcoincharts.com doesn't refresh that quickly.

http://bitcoinity.org/markets/bitstamp/USD

Cool! Thanks!

http://trading.i286.org/bitstamp/?item=btc&currency=usd this is a lot better

(im using RTBTC )

[macsga]

Well, to be fair, the adoption curve does not move in a straight line on the exponential scale.   Adoption comes in spurts, so we may lag behind the curve for a while then shoot over it for a while.   Look at early this year, after spending a long time in the $10 range, we shot up to a "stable" $100ish, with a few (not so)minor bumps along the way.  

I don't expect that our growth will always be along the line, and to be sure, at some point we will fall way below the predicted trend and stay there.   People don't find out about and enter bitcoin at a set rate.   Events, etc. accelerate or stagnate the adoption.  

Quick piece of math for you to do, Gox just announced they crossed 1 million customers.   I am sure the other exchanges have at least some customers that never signed up on Gox, so that is a lot of people.   How many coins are out there to go around?   We know how many have been mined, but there are a LOT in cold wallets, lost, etc.   There are not enough coins for those people to have even 4 each probably, and the price would be astronomical once they did.

Short term may still have some bear left in it, but I think the manipulators/accumulators are doing a pretty good job of keeping even reasonable people bearish.   As long as they are successful, it is a bear market.   Take advantage of it, but there is a great risk of getting burned at some point.  

Try not to make it look like you are telling someone they are stupid because they have different opinions than you do . . .

One of the MOST correct posts here in this thread. Someone please copy-paste it every 2 mins. Kthxbye.

[CryptStorm]

This is nutz. And, much better entertainment than the last 10 minutes of Woochi on Netflix.