Gold collapsing. Bitcoin UP.

[Stephen Gornick]

I'm a little embarrassed to admit that I didn't know there was such a metric.  Would you mind sharing how this is determined?  

http://mtgoxlive.com/orders?dark

Oh, .. mtgoxlive.  Yes, that's different.  I thought somehow the number of web visits to mtgox.com and/or connections for their API were being reported somehow.

Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Trading volume for a 10% move like this (since the weekend's $4.72 low) is pretty weak.  Bitcoinica shows 10K for 24 hour volume.  I think during the runup yesterday it was about 25K if I remember correctly -- way lower than the 100K to 200K earlier this year.  Mt. Gox 24 hour volume is 45K at the moment.

Transaction volume is really zipping up though.  Hope that isn't fabricated.  60 day history, 7-day average:
 - http://blockchain.info/charts/n-transactions?showDataPoints=false&timespan=60days&show_header=true&daysAverageString=7&scale=0

[realnowhereman]

Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.

[cypherdoc]

Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.

ok, i need and education then.  i thought the Connected on mtgoxlive meant the users connected to their accts to trade, not just connected to mtgoxlive.  am i wrong?

[SkRRJyTC]

Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.

ok, i need and education then.  i thought the Connected on mtgoxlive meant the users connected to their accts to trade, not just connected to mtgoxlive.  am i wrong?

Yes. It counts the number of clients on mtgoxlive.  When mtgoxlive used to go down more often you would see this number get wiped out to 0 as the feed was trying to come back up, but trading would resume as normal.

[cypherdoc]

this may be the last time Apple sees $600.  $500, here we come!

[SkRRJyTC]

Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Tuesday, April 24, 2012 at 2:00 p.m. PT

[cypherdoc]

Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Tuesday, April 24, 2012 at 2:00 p.m. PT

place your bets!

[silverbox]

FTJ baby!!

AAPL is 600+ all the way!!

[cypherdoc]

FTJ baby!!

AAPL is 600+ all the way!!

I love u man...  Can't fault a man for exuberance, misguided as it may be!

[SkRRJyTC]

Ok I'm sick of guessing... wtf is ftj?

[cypherdoc]

Ok I'm sick of guessing... wtf is ftj?

FUEL THE JETS! as in:

[cypherdoc]

Bye, bye $600's.  It was nice knowin' ya!

[silverbox]

Fuel that baby up for the party were gonna be having with all the moneys we be makin'..

I prefer the G650, but to each his own..

So fly like a G6..







http://www.gulfstream.com/products/g650/

[cypherdoc]

Fuel that baby up for the party were gonna be having with all the moneys we be makin'..

i agree...from Bitcoin that is.

[cypherdoc]

oh noes, Sisyphus wants to say somethin'.

[cypherdoc]

Actually, Sisyphus says if you don't want to hear from him, he's got this friend of his named Cassandra if you'd prefer.

[cypherdoc]

What?  No one likes my thread anymore?

[tvbcof]

What?  No one likes my thread anymore?

Things are getting weird over the last several weeks in ways I have trouble characterizing (my not being a professional.)  I'm holed up waiting to see what happens.

I would not want to be out of either PM's or Bitcoin at the moment.  Of course I never want to be out of these two items so that isn't saying much, but I would be extra concerned about missing the boat right now simply on the basis of the behavior of various things in the various markets.

[miscreanity]

Things are getting weird over the last several weeks in ways I have trouble characterizing (my not being a professional.)  I'm holed up waiting to see what happens.

Feels like a Norman Rockwell painting but instead of it being admirable and calming, you're on edge and panicky, sensing that something is amiss?

Welcome to the illusion: behind the painting is a noxious black mold eating away at the canvas. Whether Europe, Japan, or the US erupts in May, something is going to give way very soon - and it won't be physical gold.

How to preserve wealth. It's worked for ages, only now Bitcoin fits into the mix alongside gold.

[tvbcof]

Things are getting weird over the last several weeks in ways I have trouble characterizing (my not being a professional.)  I'm holed up waiting to see what happens.

Feels like a Norman Rockwell painting but instead of it being admirable and calming, you're on edge and panicky, sensing that something is amiss?

Welcome to the illusion: behind the painting is a noxious black mold eating away at the canvas. Whether Europe, Japan, or the US erupts in May, something is going to give way very soon - and it won't be physical gold.

How to preserve wealth. It's worked for ages, only now Bitcoin fits into the mix alongside gold.

Maybe like that Dorian Grey story.  QE is keeping up some appearance of health and vibrancy, but behind the facade the actual corpus is decomposing to a thoroughly putrid state.

Actually, as I remind myself of the story by looking it up on wikipedia http://en.wikipedia.org/wiki/The_Picture_of_Dorian_Gray, I think it more fitting to consider the reserve currency status of the USD as the mojo which allows various malfeasance...including QE.  So to slightly re-arrange the wikipedia text:

  "Bernanke's wish is fulfilled, plunging him into debauched acts."