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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652060 times)
Piper67
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March 28, 2013, 05:45:51 PM
 #16301

How did that not move the price even a bit?

1000 BTC won't do much. Lately, even with big dumps of 20k or so, the market dips for a few hours, then pulls back up again.
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mccorvic
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March 28, 2013, 05:47:22 PM
 #16302

Quick look shows both bid and ask depth increasing.  Looks like we are going to have a slug fest over the mid-90s.  The numbers still favor the bulls though, so the bears will (once again) fight a losing fight that no one understands.

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dancingnancy
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March 28, 2013, 05:49:06 PM
 #16303

There are over 800+ people watching clark moody stream right now, most I have ever seen by a lot...
mccorvic
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March 28, 2013, 05:57:30 PM
 #16304

There are over 800+ people watching clark moody stream right now, most I have ever seen by a lot...

People hoping to see the break past $100?  I hate to tell them, but prob won't happen until sometime past midnight Eastern. The American bears are to concerned with selling early to allow it during their prime time.

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Piper67
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March 28, 2013, 06:02:14 PM
 #16305

Quick look shows both bid and ask depth increasing.  Looks like we are going to have a slug fest over the mid-90s.  The numbers still favor the bulls though, so the bears will (once again) fight a losing fight that no one understands.

Hmmm... could be. But it's also the start of a long weekend. If we end the weekend Monday evening anywhere above 80, next week will be epic.
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March 28, 2013, 06:05:36 PM
 #16306

Quick look shows both bid and ask depth increasing.  Looks like we are going to have a slug fest over the mid-90s.  The numbers still favor the bulls though, so the bears will (once again) fight a losing fight that no one understands.

Hmmm... could be. But it's also the start of a long weekend. If we end the weekend Monday evening anywhere above 80, next week will be epic.

Also, if we can go another weekend with out some idiot trying to dump everything and pushing the price down $30 in one go it'll be more epic.  I think a lot of people are sitting hoping for another chance to buy super cheap.

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humanitee
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March 28, 2013, 06:09:03 PM
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Bearway to heaven.
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March 28, 2013, 06:17:35 PM
 #16308

Quick look shows both bid and ask depth increasing.  Looks like we are going to have a slug fest over the mid-90s.  The numbers still favor the bulls though, so the bears will (once again) fight a losing fight that no one understands.

Hmmm... could be. But it's also the start of a long weekend. If we end the weekend Monday evening anywhere above 80, next week will be epic.

Also, if we can go another weekend with out some idiot trying to dump everything and pushing the price down $30 in one go it'll be more epic.  I think a lot of people are sitting hoping for another chance to buy super cheap.

Hmm... its a hard call but I'm guessing no dip this weekend.  Judging by the recent time of day of the price appreciation and which market are leading the charge, USA seems to be selling more volume then buying.  Which makes sense b/c (I've heard) they had the most coins.  So a distribution is to be expected.
 
There's enough fiat on the exchange.  And lots of buyers primed to catch a flash crash since we had a big one recently.  So we'll have a lot of sellers who are too busy with church and family, etc to be making BTC decisions, and a lot of net buyers (Asia and Europe to a lesser extent) who are still raring to go!

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March 28, 2013, 06:21:47 PM
 #16309

http://bitbet.us/bet/316/bitcoin-to-trade-at-100-usd-by-the/ just received 14Ƀ from one of the bulls here Smiley Damn I was betting pro-$100 yesterday when it was at 10%. Now at current rates I'm almost tempted to take the contra-side.

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March 28, 2013, 07:30:35 PM
 #16310

5000 dump just ate all those mini-walls!
mccorvic
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March 28, 2013, 07:30:47 PM
 #16311

Wow, someone is really invested in not seeing BTC get to $100.  Jokes on him though.

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NamelessOne
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March 28, 2013, 07:32:12 PM
 #16312

Wow, someone is really invested in not seeing BTC get to $100.  Jokes on him though.

I would love the joke being on him. He's probably hoping to trigger one final dip before 100 to get cheaper coins.
mccorvic
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March 28, 2013, 07:32:42 PM
 #16313

Wow, someone is really invested in not seeing BTC get to $100.  Jokes on him though.

I would love the joke being on him. He's probably hoping to trigger one final dip before 100 to get cheaper coins.

At best he'll be buying back his coins at a premium.  Hurp-a-derp-a-derp

MEANWHILE: The hamster that runs the MtGox servers is dead. The hamster is expected to replaced shortly.

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ineededausername
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March 28, 2013, 07:37:35 PM
 #16314

They just keep trying... even if it drops to $75 they should realize it's coming back up the next day...

(BFL)^2 < 0
Zangelbert Bingledack
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March 28, 2013, 07:43:57 PM
 #16315

Hah, just wait a few years to see who is really crazy around here!  Cheesy
I have been waiting a few years, and will continue to wait many many more years. Realize that it took over 2 years to get a few lowly internet freemium services to even consider BTC as a legitimate form of money. You're expecting what in a "few years" (and define "few")?

See I'm in it for the long haul, but I'm not about to lose my value over inane speculative bubbles. You just got here, and seem to already believe this is a get rich quick scheme. You're part of the speculative bubble. Just don't get caught at the top.

This is the same reasoning error you've always been making: confusing absolute growth with relative growth.

This error is very expensive  Grin
KTE
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March 28, 2013, 08:06:56 PM
 #16316

Yes, log scale is relative in the sense that at a fixed slope the relative growth for any time point is the same as any other time point.

1 to 10 has the same height on the y-axis as 10 to 100 etc

To be precise, the relativity is a feature of a lin-log scale, that is, one axis is linear (time) and other axis is logarithmic (price)
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March 28, 2013, 08:10:46 PM
 #16317

So I gave my kids each a paper wallet with 10 BTC awhile ago, and every big jump I give them an update (I thought of it like a savings account for doing chores, but they earn more by playing Lego).

Last week I gave my 5 year old the definition of Bull market and a Bear market,  well with all the growth lately, they are feeling bullish, so on the news of the $5 jump to the mud $90's my little one says to me: "wow those bulls are very happy today". (I imagine he sees it literally)


Made me smile. Smiley

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March 28, 2013, 08:13:31 PM
 #16318

Well aside from the extended weekend, it seems that really, Good Friday nor even Easter are outright Federal (US) Holidays.  While some (Christian) banks may be closed Friday, I think most are closed Monday and stock markets are closed.

But then again Gox isn't really a "bank" and just because Wall St. is closed, it doesn't mean BTC stops moving.  We'll probably have a hopefully calm weekend though since most people will be taking a break with families and stuff.  But then again this is Bitcoin so WHO KNOWS?!


Made me smile. Smiley

Same Wink

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
DougTanner
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March 28, 2013, 08:18:44 PM
 #16319

It's dumpin' time.


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ManBearPig
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March 28, 2013, 08:19:01 PM
 #16320



Looks like the bears have gone to shit in the woods. Bye bears. See you after Easter.

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