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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649839 times)
Spaceman_Spiff
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March 19, 2013, 11:20:37 PM
 #14321

And the onslaught begins anew.
Just calmer this time please folks - I had to explain to my client that I wouldn't be charging him for today because I'd spent all day watching the Bitcoin charts!  If I don't intend to sell my coin anytime soon I should really be putting days in to recover my fiat position - so please, just chill with this exuberant trading please? Wink

I also struggle with this problem.

We should probably start a support group.

count me in
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thefiniteidea
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March 19, 2013, 11:21:46 PM
 #14322

And the onslaught begins anew.
Just calmer this time please folks - I had to explain to my client that I wouldn't be charging him for today because I'd spent all day watching the Bitcoin charts!  If I don't intend to sell my coin anytime soon I should really be putting days in to recover my fiat position - so please, just chill with this exuberant trading please? Wink

I also struggle with this problem.

We should probably start a support group.

It would be easier if I were a millionaire already...

then I could just quit my job and sit on these forums all day with no consequence.

Support group is in my sig... thank you for all the support!!!  Grin

humanitee
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March 19, 2013, 11:24:01 PM
 #14323

If that wall at $60 disappears this could once again become interesting.

TomRado
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March 19, 2013, 11:26:17 PM
 #14324

This time gently and in style.

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humanitee
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March 19, 2013, 11:31:26 PM
 #14325

I can't believe how extended the bid side is. I'm surprised someone hasn't dumped a few thousand again.

SkRRJyTC
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March 19, 2013, 11:34:46 PM
 #14326

I can't believe how extended the bid side is. I'm surprised someone hasn't dumped a few thousand again.



You first Smiley
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March 19, 2013, 11:35:00 PM
 #14327

With the way this is going I wouldn't sell.I wonder if this could go ever higher due to the Cypriot problems.

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Piper67
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March 19, 2013, 11:35:29 PM
 #14328

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all
TomRado
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March 19, 2013, 11:41:53 PM
 #14329

MtGox fees are starting to feel ridiculous at this level, especially considering the service  Undecided

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mccorvic
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March 19, 2013, 11:46:23 PM
 #14330

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all

Well, if it stays at 8mil while the price of BTC goes up the respectability of that 8mil goes down.  For an extreme example: If there were only 8mil in bids but 1BTC was a million dollars then all those bids would "only" by 8 BTC.

Probably not the best way to explain it, but the best I'm willing to do Smiley

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laughingbear
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March 19, 2013, 11:58:33 PM
 #14331

MtGox fees are starting to feel ridiculous at this level, especially considering the service  Undecided


+1
humanitee
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March 19, 2013, 11:59:03 PM
 #14332

Spaceman_Spiff
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March 19, 2013, 11:59:48 PM
 #14333

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all

Well, if it stays at 8mil while the price of BTC goes up the respectability of that 8mil goes down.  For an extreme example: If there were only 8mil in bids but 1BTC was a million dollars then all those bids would "only" by 8 BTC.

Probably not the best way to explain it, but the best I'm willing to do Smiley

Yeah, the ratio says more
mccorvic
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March 20, 2013, 12:04:58 AM
 #14334

Right now a small dump could knock us back a few dollars, which, coupled with the recent $10 rise, could cause panic selling.

Welcome to the last 4 months.

What's happened is some bear gets the idea he'll dump and what happens is people snap up the opportunity to buy cheap coins and it sparks a mini-rally.

Bears are literally in a no-win scenario.

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zoinky
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March 20, 2013, 12:06:36 AM
 #14335

Right now a small dump could knock us back a few dollars, which, coupled with the recent $10 rise, could cause panic selling.

Welcome to the last 4 months.

What's happened is some bear gets the idea he'll dump and what happens is people snap up the opportunity to buy cheap coins and it sparks a mini-rally.

Bears are literally in a no-win scenario.

Until everyone gets used to that fact Wink
Ozymandias
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March 20, 2013, 12:09:34 AM
 #14336

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all

Well, if it stays at 8mil while the price of BTC goes up the respectability of that 8mil goes down.  For an extreme example: If there were only 8mil in bids but 1BTC was a million dollars then all those bids would "only" by 8 BTC.

Probably not the best way to explain it, but the best I'm willing to do Smiley

Yeah, the ratio says more

Right now a small dump could knock us back a few dollars, which, coupled with the recent $10 rise, could cause panic selling.

weak hands --> strong hands

None of what you described seems like an issue unless one was planning on buying fiat in the immediate future

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Herodes
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March 20, 2013, 12:17:12 AM
 #14337

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all

Well, if it stays at 8mil while the price of BTC goes up the respectability of that 8mil goes down.  For an extreme example: If there were only 8mil in bids but 1BTC was a million dollars then all those bids would "only" by 8 BTC.

Probably not the best way to explain it, but the best I'm willing to do Smiley

Yeah, the ratio says more

Right now a small dump could knock us back a few dollars, which, coupled with the recent $10 rise, could cause panic selling.

weak hands --> strong hands

None of what you described seems like an issue unless one was planning on buying fiat in the immediate future


Does anyone have money left to buy in MtGox now ? lol..
mccorvic
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March 20, 2013, 12:18:43 AM
 #14338

Does anyone have money left to buy in MtGox now ? lol..

8 million USD just sitting in bids as of right this moment, so yes.

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Ozymandias
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March 20, 2013, 12:19:34 AM
 #14339

Bid side getting a bit thin...

Bid sum's hovering around 8 mil... Not thin at all

Well, if it stays at 8mil while the price of BTC goes up the respectability of that 8mil goes down.  For an extreme example: If there were only 8mil in bids but 1BTC was a million dollars then all those bids would "only" by 8 BTC.

Probably not the best way to explain it, but the best I'm willing to do Smiley

Yeah, the ratio says more

Right now a small dump could knock us back a few dollars, which, coupled with the recent $10 rise, could cause panic selling.

weak hands --> strong hands

None of what you described seems like an issue unless one was planning on buying fiat in the immediate future


Does anyone have money left to buy in MtGox now ? lol..

Only 8 or so million in USD, but I've got a feeling it'll be in the double digit millions come the coinlab merger

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Herodes
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March 20, 2013, 12:21:57 AM
 #14340

Only 8 or so million in USD, but I've got a feeling it'll be in the double digit millions come the coinlab merger

Haha - yeah - it was more of a joke in the regard that there's been so much buying, that the buyers are exhausted, lol.

Does coinlab has the necessary licenses btw ? Fincen wants bitcoin exchanges regulated it seems. Would be a pitty if the merger goes through, then trading is halted indefinately until they get the license. I have no idea how long it will take.

Bank holliday in japan now, it's 9 in the morning there - will it have any effect on the price ?
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