Wall Observer - MtGoxUSD wall movement tracker

[arklan]

In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

How do you not hate yourself for having such bad judgement?

I think I figured out how the proudhon-effect works (I'm not sure he's aware, but probably is): Look how many extremely bullish and wise replies this one measly comment generated. 1 measly bear-comment (by proudhon, no less) == 5-10 insightful bull comments. And of course, insightful bull comments result in immediate buying pressure and hence higher price.

I have suspected for a long while he holds well over 10,000 BTC.

sigh... someday i'll get in that club... might help if i stop spending em though. heh.

[TsuyokuNaritai]

Doesn't gox have a SEPA account somewhere?

Noobs such as myself must queue 2 weeks at Mt.Sloth to get bitcoins with SEPA. Some other exchanges are less than a day. The exchange prices are higher, but compared to the cost of waiting right now it's a no-brainer. I expect lots of us are waiting at Gox because it's the most obvious choice and they haven't done their research.

In any case: it's a good thing. The mtGox centralization is a bit like the sword of damocles.

+1.

[molecular]

hey rpietila (and other who need to buy loads).

I know it's high price, but there's quite the liquidity on bitcoin.de:



a plus for bitcoin.de compared to other exchanges: no wait for SEPA, you can lock in the trade right away and then make the SEPA transfer to the seller afterwards (you have 24 hours to initiate it).

that's 1900 BTC below €79.50 you can take right now without first moving the 150K EUR to some exchange.

[oakpacific]

All the action seems to have come from the Eurozone today -- all movement was during morning hours in Europe and afternoon in Asia.

During US daylight hours, things seem to have slowed down.

Quite a milestone in China, we breached CNY500. That's quite a chunk of change.

Random theory:  A lot of the new money is coming from Asia and Europe while most of the old Bitcoins were mined and held by Americans. As the new money comes in the old, weak, feeble hands of the Americans dump.

Now we have ASICs , here is the grand plan of the imperial army:

1. Mine a few 10Ks of bitcoins;
2. Putting up a Great Chinese wall, in case it's not enough fear, throw a few stones of coins down and scare the shit out of weak American hands;
3. Buy all the coins they dump at low price points;
4. PROFIT!!

[rpietila]

hey rpietila (and other who need to buy loads).

I want.

I know it's high price, but there's quite the liquidity on bitcoin.de:



a plus for bitcoin.de compared to other exchanges: no wait for SEPA, you can lock in the trade right away and then make the SEPA transfer to the seller afterwards (you have 24 hours to initiate it).

that's 1900 BTC below €79.50 you can take right now without first moving the 150K EUR to some exchange.

My last operation did suffer a slippage of 9,7% in about 3 business days. So that is roughly on par with GoxEUR+10% now...

Bitstamp current price $87 + 10% extra would be 150kEUR -> 2000 BTC. It is marginally cheaper, and less hassle I hope.

I might sell in bitcoin.de once I have finished the most urgent purchases first

[MoonShadow]

I've noticed a change in common terminology over the course of this thread.  For the past several years, this forum has been dominated by US membership, thus the most common exchange prices were almost always quoted in US $.  That has been noticablely changing over the past few months, as Europeans continue to join the forum, and now it's at least as common to see a price quote in Euros and I occasionally see them in British Pounds as well as less commonly in South American fiat currencies.

Personally, I find that to be bullish, in a growing bubble kind of way.

[molecular]

All the action seems to have come from the Eurozone today -- all movement was during morning hours in Europe and afternoon in Asia.

During US daylight hours, things seem to have slowed down.

Quite a milestone in China, we breached CNY500. That's quite a chunk of change.

Random theory:  A lot of the new money is coming from Asia and Europe while most of the old Bitcoins were mined and held by Americans. As the new money comes in the old, weak, feeble hands of the Americans dump.

Now we have ASICs , here is the grand plan of the imperial army:

1. Mine a few 10Ks of bitcoins;
2. Putting up a Great Chinese wall, in case it's not enough fear, throw a few stones of coins down and scare the shit out of weak American hands;
3. Buy all the coins they dump at low price points;
4. PROFIT!!

Mine??? Ok, you mean avalon? Well, consider this: China has 3.5 Trillion USD worth in forex reserves they don't know how to spend without devaluing these things too much. Enter Bitcoin.... ;-)

[molecular]

I might sell in bitcoin.de once I have finished the most urgent purchases first

Did you mean "buy"? Not sure because it might make sense for you to sell there, too.

[rpietila]

I might sell in bitcoin.de once I have finished the most urgent purchases first

Did you mean "buy"? Not sure because it might make sense for you to sell there, too.

Sell means "sell". Maybe I will start doing it in a distant future, after my core position is established.

[oakpacific]

I might sell in bitcoin.de once I have finished the most urgent purchases first

Did you mean "buy"? Not sure because it might make sense for you to sell there, too.

Sell means "sell". Maybe I will start doing it in a distant future, after my core position is established.

What's your core position? A bitcoin overlord?

[siggy]

I might sell in bitcoin.de once I have finished the most urgent purchases first
Sell means "sell". Maybe I will start doing it in a distant future, after my core position is established.

What's your core position? A bitcoin overlord?

Take a close look at the screen name..   Its obvious this is just the online presence of the Reptilian Overlords that have been guiding humanity for the past 1000 years.  They've just finally decided Bitcoin would be a nice tool to further enslave the majority of the human population that is still asleep/believing in FIAT.

Sigg

[mccorvic]

You a-holes. I get up for 30 seconds and you spike a new ATH without me.

[Piper67]

You a-holes. I get up for 30 seconds and you spike a new ATH without me.

No no... ATH is still 87.7... you haven't missed anything.

[mccorvic]

You a-holes. I get up for 30 seconds and you spike a new ATH without me.

No no... ATH is still 87.7... you haven't missed anything.

Lol, I forgot I had bitcoinity on 3hour mode.  It only displays the high of the last 3 hours

[WikileaksDude]

Doesn't gox have a SEPA account somewhere?

Noobs such as myself must queue 2 weeks at Mt.Sloth to get bitcoins with SEPA. Some other exchanges are less than a day. The exchange prices are higher, but compared to the cost of waiting right now it's a no-brainer. I expect lots of us are waiting at Gox because it's the most obvious choice and they haven't done their research.

In any case: it's a good thing. The mtGox centralization is a bit like the sword of damocles.

+1.

bitstamp accepts SEPA, my deposited hit within a day at bitstamp.

[mccorvic]

Bids at 9.9mil USD asks at 46k BTC.  We still goin' up.

[Piper67]

Bids at 9.9mil USD asks at 46k BTC.  We still goin' up.

Are you able to get into blockchained.com? It's down for me.

[mccorvic]

Bids at 9.9mil USD asks at 46k BTC.  We still goin' up.

Are you able to get into blockchained.com? It's down for me.

No, I had to go to http://bitcoincharts.com/markets/mtgoxUSD_depth.html and scroll the the bottom :/

[WikileaksDude]

Bids at 9.9mil USD asks at 46k BTC.  We still goin' up.

Are you able to get into blockchained.com? It's down for me.

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[Piper67]

Holey moley!