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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652680 times)
Technomage
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June 15, 2012, 05:07:35 PM
 #101

We are nowhere near a bubble right now. We might form one later if the momentum keeps rising but I'm skeptical about that. Most of the people in this market are fairly conservative, as long as that's true it's unlikely that we'll have a bubble. With conservative players you'll have increasing amount of fear and expectation of a correction the more the price rises. Last summer was different because we had so many gold diggers and so much of it was just pure hype.

This is Bitcoin growing and increasing its market cap, which is excellent. A bubble is possible but not especially likely I think. I'm keeping all options open though, let's just see how it goes. Of course I'm talking about large bubbles when I refer to a bubble, small ones come and go naturally all the time.

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June 15, 2012, 05:08:04 PM
 #102

I spy with my little eye: 40k at 5.70

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June 15, 2012, 05:10:27 PM
 #103

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.
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June 15, 2012, 05:12:56 PM
 #104

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.
Indeed I honestly feel that this rally is very likely one of the most sound and legitimate increases in Bitcoin's value ever. I'm not discarding mania and a possible bubble later, but I'm not seeing that right now. There is not much panic buying going on, that is a good sign of an impending bubble. Safe for now.

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June 15, 2012, 05:16:56 PM
 #105

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.
Indeed I honestly feel that this rally is very likely one of the most sound and legitimate increases in Bitcoin's value ever. I'm not discarding mania and a possible bubble later, but I'm not seeing that right now. There is not much panic buying going on, that is a good sign of an impending bubble. Safe for now.

Yeah, this not not mania by any means.

I suspect a lot of people are thinking something like "Bitcoin is more mature now and won't rise so much this time, 10-50% is a more realistic rise so I'll sell somewhere in that range", then when they are all exhausted we'll get the flare up and eventually settle at the next level up from here.

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June 15, 2012, 05:20:42 PM
 #106

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June 15, 2012, 05:22:21 PM
 #107

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.
Indeed I honestly feel that this rally is very likely one of the most sound and legitimate increases in Bitcoin's value ever. I'm not discarding mania and a possible bubble later, but I'm not seeing that right now. There is not much panic buying going on, that is a good sign of an impending bubble. Safe for now.

I agree, this rise has a pretty different feel than last spring and summer. But also, let us not forget that last summer's bubble was triggered by the theft of a large sum of BTC from allinvain followed just a few days later by the MtGox hack. Both of these are much less likely to happen now... and even if MtGox was to fold up shop, the volume is quite a bit more evenly distributed among exchanges today than it was then. Not ideal, by any means, but better.

Couple this with the slew of "good" publicity Bitcoin has been getting lately, and this certainly seems like a more organic and authentic kind of growth, for sure.
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June 15, 2012, 05:34:22 PM
 #108

... and even if MtGox was to fold up shop, the volume is quite a bit more evenly distributed among exchanges today than it was then. Not ideal, by any means, but better.

Couple this with the slew of "good" publicity Bitcoin has been getting lately, and this certainly seems like a more organic and authentic kind of growth, for sure.

great points.
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June 15, 2012, 05:34:45 PM
 #109



lmao!
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June 15, 2012, 06:07:24 PM
 #110

wow, there's 20k USD trying to get in at market...
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June 15, 2012, 06:08:54 PM
 #111

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.

uhhh...

we are censored now

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
notme
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June 15, 2012, 06:25:22 PM
 #112

how can anyone say we have a Mania? 

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise?  it's been remarkably civil around here during this latest rise since February.

uhhh...

we are censored now

Good point.

https://www.bitcoin.org/bitcoin.pdf
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12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
thezerg
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June 15, 2012, 06:32:43 PM
 #113

I wonder if Greeks are realizing that is may not matter where the money runs to... if its in Euros and a Greek holds the account its very possible that the banks would be encouraged to "cooperate" by pushing Greek acts back to Greece to ensure an orderly departure.
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June 15, 2012, 06:40:03 PM
 #114

The wall at 5.70 has gone

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Just along for the ride...


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June 15, 2012, 06:44:34 PM
 #115

looks like it moved to 5.90. smaller though.
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June 15, 2012, 08:10:46 PM
 #116

a few weeks ago we were around 5... there is now 340k USD ready to buy above 5...
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June 15, 2012, 10:49:49 PM
 #117

$6.222 WTF  Shocked

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June 15, 2012, 10:52:08 PM
 #118

$6.222 WTF  Shocked

Well Intersango GBP/BTC is at £4.06 and that's $6.38  Shocked

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June 15, 2012, 10:56:29 PM
 #119

matthewh3
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June 15, 2012, 10:57:08 PM
 #120

It's starting to feel like spring 2011 around here again.

Summer bubble incoming.

Its just correction of 2 month stall.

Hopefully but for it to rally an extra $0.10 at 22:00GMT/UTC on a Friday in a matter of minutes makes me think its a bubble.  Maybe some last minute trading before the weekend but looks like the only way is up.

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