Wall Observer - MtGoxUSD wall movement tracker

[humanitee]

another wrong prediction

irrational words verifying wrong prediction

Bears truly don't "get" Bitcoin.

Eventually it won't stop, barring some catastrophic Internet calamity.
Do not underestimate greed's ability to create this market.

Go hack Gox and then we'll talk.

It is a "new age" and old valuation ideas do not apply!
It is different this time!
You would be crazy not to invest! A big dummy!
It is a new paradigm!

That's not even my point.
This thing is gonna deflate harder than anything in the history of economics.

It's a currency acting just like a Ponzi. You think people making hella gains are being quiet about it? Word of mouth + greed will take us into the stratosphere.
The massive amount of coin trading hands in the past month should indicate that this is the real deal. It's cool though, ignore it. Strong hands moving in to position to catch your weakness.

Please sell before the inevitable collapse of our beloved Bitcoin.

[steamboat]

Any thoughts on when the $million bid wall at 30 is gonna get impatient and move up? Think it's there to remind the bears there's big fish in that side of the pond?

side note, slowly crawling back to 60

[fcmatt]

stuff

Aren't you the guy who sold at $29 saying it was the top?  Are you sure you're just not mad?

I sell all the time. Every single day. That has been my plan since day one. I am thrilled the price
is going up. I make more money. I just do not speculate by holding btc. I need USD to do things
with and prefer it.

And that is your post? A silly juvenile jab at someone with a differing opinion? No attempt
at providing a tidbit of humor in it? Nothing more clever then that?

[justusranvier]

It is different this time!

Yes and no.

The ability to transfer arbitrary amounts of currency to anyone on the planet quickly and without prior restraint is a new capability humans have never experienced before. There is a large pent up demand for this capability.

Of course the same rules of supply and demand apply to Bitcoin as much as they apply to anything else.

[mccorvic]

And that is your post? A silly juvenile jab at someone with a differing opinion? No attempt
at providing a tidbit of humor in it? Nothing more clever then that?

So...mad?

I provide the same input your garbage posts did, just in a lot fewer words.  And it's not that you just have a difference of opinion, you have a difference of opinion that is demonstrably wrong yet continue to be arrogant in defense of your very wrongness.  If you were like, "Oh, this is pretty high. It might go higher but I doubt it" then fine.  But instead you spouted off lame one-liners in attempt to mock the very thing that is happening.

[naima53]

31 x 2 = 62  
The bubble-2013

[fcmatt]

another wrong prediction

irrational words verifying wrong prediction

Bears truly don't "get" Bitcoin.

Eventually it won't stop, barring some catastrophic Internet calamity.
Do not underestimate greed's ability to create this market.

Go hack Gox and then we'll talk.

It is a "new age" and old valuation ideas do not apply!
It is different this time!
You would be crazy not to invest! A big dummy!
It is a new paradigm!

That's not even my point.
This thing is gonna deflate harder than anything in the history of economics.

It's a currency acting just like a Ponzi. You think people making hella gains are being quiet about it? Word of mouth + greed will take us into the stratosphere.
The massive amount of coin trading hands in the past month should indicate that this is the real deal. It's cool though, ignore it. Strong hands moving in to position to catch your weakness.

Please sell before the inevitable collapse of our beloved Bitcoin.

So essentially what I said in my first two sentences...

"Do not doubt how gullible people can be. The market can stay irrationally bullish for longer then we can imagine."

Thanks. I got it.

But the way you toss around phrases is just comedy gold to me. Buttcoin really should be back here. He would have a good time.

[TomRado]

It is different this time!

Yes and no.

The ability to transfer arbitrary amounts of currency to anyone on the planet quickly and without prior restraint is a new capability humans have never experienced before. There is a large pent up demand for this capability.

Of course the same rules of supply and demand apply to Bitcoin as much as they apply to anything else.

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market? High volatility, trading bots possibly eating way more than the transaction fee and so forth.
We need somebody to pump way more liquidity in before this can get to be useful on a larger scale.

[befuddled]

An exit strategy. Determine what profit you wanted out of this adventure

You may have chosen the wrong numeraire for your profit.

[justusranvier]

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market?

That's an implementation detail, not a limitation in the Bitcoin protocol. But in any case the implementation is catching up to the capabilities of the technology every day.

[Jaques]

It is different this time!

Yes and no.

The ability to transfer arbitrary amounts of currency to anyone on the planet quickly and without prior restraint is a new capability humans have never experienced before. There is a large pent up demand for this capability.

Of course the same rules of supply and demand apply to Bitcoin as much as they apply to anything else.

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market? High volatility, trading bots possibly eating way more than the transaction fee and so forth.
We need somebody to pump way more liquidity in before this can get to be useful on a larger scale.

true, unfortunatly ... 

[ineededausername]

Ok, let's keep going down, I just sold everything at ~$9.85.

some history for everyone, proudhon selling everything at the October bottom

[Ploo]

Anyone been able to short between 53 and 62?

[Chalkbot]

Anyone been able to short between 53 and 62?

Now THAT would be balls of steel!

[naima53]

[humanitee]

So essentially what I said in my first two sentences...

"Do not doubt how gullible people can be. The market can stay irrationally bullish for longer then we can imagine."

Thanks. I got it.

But the way you toss around phrases is just comedy gold to me. Buttcoin really should be back here. He would have a good time.

Yeah, permanently bullish. That's my point.

Flash crashes aren't doing shit. The blockchain problem didn't do shit (the most bullish indicator imo).

I've been defending this thing all the way up. And if anyone would have followed my advice (why would they), they would have made a killin'.
I vaguely recall asking adam why he didn't jump back on at $17ish and ride the wave up.

"I can't tell the future" he said.

Yeah well I can, and it's Bitcoin.

If you can't understand that the Gox hack catalyzed the downward momentum from the bubble popping then I can't help you. There are 0 parallels between then and now.

Bitcoin at $57.
Holding like a sage.

[chrsjrcj]

31 * 5 = 155

What's the point?

[DougTanner]

Insane volatility 

My bot is loving this, I even had to add a new tier of volatility detection to stop it from maxing out its API limit (it hit 30/hour two hours running).

Which API are you using (and/or on which exchange)?

I'm using XChange on MtGox: http://xeiam.com/xchange.jsp

[Dargo]

Anyone been able to short between 53 and 62?

Now THAT would be balls of steel!

I think the question is whether anyone managed to sell near 62 and buy near 53, which would have been a nice day trade.

[TomRado]

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market?

That's an implementation detail, not a limitation in the Bitcoin protocol. But in any case the implementation is catching up to the capabilities of the technology every day.

I'm still waiting for a sheikh (or two, the more the merry) to suck up a million coins and then guarantee to sell them at price X+5% and buy at X-5% for the next year, as long as supplies last. Would give us a great transitional phase with lots of people (arabic or not) getting into btc i guess. In a sense, that would be the ideal situation to increase adoption.

Unfortunately as the overall supply of new coins diminishes, nobody would want to do that, as other parties would probably buy and hold. In conclusion, we might always have to pay a large premium when shuffling large amounts of fiat through btc., be it because of fluctuation or uncertainty in price or due to costs related to the circumvention of money laundering regulations. The question is: will that be cheapter than what we do today? How much is not having to trust anybody in the middle worth?