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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649198 times)
mccorvic
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April 01, 2013, 04:32:16 PM
 #17161

It will take the same amount of BTC to get to $80 and $50,000. Things are starting to get exciting.

But is everyone not in at this moment?
Tongue

waiting list at gox is over 8.5k

That's a whole lot of people crying because they're stuck watching the price go up while they can't buy.
So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol

I think it's probably 50/50.  Flip a coin maybe?

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April 01, 2013, 04:34:27 PM
 #17162

It will take the same amount of BTC to get to $80 and $50,000. Things are starting to get exciting.

But is everyone not in at this moment?
Tongue

waiting list at gox is over 8.5k

That's a whole lot of people crying because they're stuck watching the price go up while they can't buy.
So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol

I think it's probably 50/50.  Flip a coin maybe?

Why not simply $500 to each?

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps? That could bring the price to $200.

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April 01, 2013, 04:34:59 PM
 #17163

It will take the same amount of BTC to get to $80 and $50,000. Things are starting to get exciting.

But is everyone not in at this moment?
Tongue

waiting list at gox is over 8.5k

That's a whole lot of people crying because they're stuck watching the price go up while they can't buy.
So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol

I think it's probably 50/50.  Flip a coin maybe?
Dwolla = Heads, BI = Tails..... Head's it is! lol

- aka The "DigiMan"
notme
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April 01, 2013, 04:35:29 PM
 #17164

Christ bears, we just hit $106 and you're selling at $99?
I weep for your cubs.  Cry


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April 01, 2013, 04:36:19 PM
 #17165

It will take the same amount of BTC to get to $80 and $50,000. Things are starting to get exciting.

But is everyone not in at this moment?
Tongue

waiting list at gox is over 8.5k

That's a whole lot of people crying because they're stuck watching the price go up while they can't buy.
So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol

I think it's probably 50/50.  Flip a coin maybe?

Why not simply $500 to each?

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps? That could bring the price to $200.
I did $500 through Bit Instant last night, and 2 grand a few days before that. Guess I should even it out and support all merchants.

- aka The "DigiMan"
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April 01, 2013, 04:37:07 PM
 #17166

So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol
Bitfloor is a better deal in terms of how much you end up paying in fees compared to Bitinstant.
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April 01, 2013, 04:38:05 PM
 #17167

So should I wait for Dwolla -> Gox or just go down and use Bit Instant? Which will cost me more in the next 5 days if I am going to put another $1000 in? The Bit Instant fees, or missing out on a $20 price jump tomorrow? lol
Bitfloor is a better deal in terms of how much you end up paying in fees compared to Bitinstant.
Is it as fast? I have never used them.

- aka The "DigiMan"
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April 01, 2013, 04:39:01 PM
 #17168



Haha, it's beautiful.
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April 01, 2013, 04:40:31 PM
 #17169

Slowpoke says: happy $100 guys!
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April 01, 2013, 04:46:48 PM
 #17170

I go to lunch break and it's over 100 already.....man the chills.


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rpietila
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April 01, 2013, 04:58:46 PM
 #17171

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps?

Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..

8,500 * $25,000 = $212 million and counting.

Yes, it will take us to $200.

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April 01, 2013, 04:59:50 PM
 #17172

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps?

Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..

8,500 * $25,000 = $212 million and counting.

Yes, it will take us to $200.
That just gave me the chills... ooh!

- aka The "DigiMan"
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April 01, 2013, 05:02:34 PM
 #17173


Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..


No, I am verified, and I invested significantly less than the sum you suggest.
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April 01, 2013, 05:04:30 PM
 #17174

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps?

Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..

8,500 * $25,000 = $212 million and counting.

Yes, it will take us to $200.

I don't think so. Simply because of one thing: Ignorance.

A huge chunk of the newcomers are most likely not very educated regarding what exchange to use and they just pick the biggest, if they know about the alternatives at all. At least that's the impression I have got from speaking to the ones I know.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
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BitcoinTate
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April 01, 2013, 05:05:50 PM
 #17175

I'm wondering what the average amount of money is those standing in line at MtGox are going to invest in Bitcoin. $1000 perhaps?

Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..

8,500 * $25,000 = $212 million and counting.

Yes, it will take us to $200.

I don't think so. Simply because of one thing: Ignorance.

A huge chunk of the newcomers are most likely not very educated regarding what exchange to use and they just pick the biggest, if they know about the alternatives at all. At least that's the impression I have got from speaking to the ones I know.
I still think all these newcomers will push us past the $150 mark.

- aka The "DigiMan"
rpietila
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April 01, 2013, 05:06:15 PM
 #17176


Verification is not even necessary for such small sums except from Europe. I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..


No, I am verified, and I invested significantly less than the sum you suggest.

Please tell me more about it! In Sep 2012 I spend a good 30 days trying to get verified w/ Gox (finally with success). Did you also do yours at that time?

Because now I don't think it is very prudent to wait this long as prices are increasing..

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April 01, 2013, 05:07:50 PM
 #17177



USD on the orderbook barely touched. BTC on the orderbook down to 45k.

Maybe if all those with hopeful bids down low actually bought come coins they could make a profit.
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April 01, 2013, 05:08:38 PM
 #17178

I still think all these newcomers will push us past the $150 mark.

That I don't disagree with.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
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April 01, 2013, 05:10:45 PM
 #17179

4.4k wall at $102... very nice! We might just hit $150 in a couple weeks... but then my bubble radar will be going wild!

If it takes a couple weeks that would actually represent a cooldown. It would quiet any bubble alarms I might have had.

As for reaching $100? Meh. Wake me up when we reach $1,000. (Exponential trendline support has us there by early September.)
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April 01, 2013, 05:17:49 PM
 #17180

...I would say any European that bothers to try his luck with Gox has on average $25,000 or more to invest. Otherwise they would just get verified with Bitstamp, which happens in about 2 days..

8,500 * $25,000 = $212 million and counting.

Yes, it will take us to $200.

I don't think so. Simply because of one thing: Ignorance.

A huge chunk of the newcomers are most likely not very educated regarding what exchange to use and they just pick the biggest, if they know about the alternatives at all. At least that's the impression I have got from speaking to the ones I know.
I agree with the idea most don't know enough and/or don't do the calculations.  There's also the matter of trust and the history of exchange hacking so if people have a smattering of an idea of the history they may just prefer to go with the biggest and most reputable despite the time.

One potential advantage of this is whilst they're waiting for their first opportunity to trade they're doing some reading up and getting to grips with the concepts and potential of Bitcoin.  With any luck those who were going to make a rash jump in to make a quick buck will have learned of the 2011 bubble and will at least know there is no guaranteed profit.  Others may have learned enough to realise it has potential that is not lost were the price to plummet for some months.  The combination of both should reduce the odds of that very plummet because they will in both instances be more prepared to just hold and not lose nerve.  That's my hope at least!  The enforced wait could be the equivalent of the legally required cooling off period of a fiat investment contract!

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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