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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1651357 times)
befuddled
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April 03, 2013, 03:09:51 AM
 #17541

Things are kind of reaching a fever pitch here. Anyone else scared? Even a bit?

Yes, a bit. The forum is showing that giddy kind of euphoria with lots of swagger and bravado and posts about huge anticipated prices that once often sees at the top in a market.

However. Keep in mind this is just the forum. Which is the tiniest sliver of the world. Sentiment indicators tell you it's a top when the sentiment is at a max. But the vast majority of potential bitcoin buyers probably don't know it exists yet. So I wouldn't take the sentiment you see here as any kind of broad indicator. Just read the comments in the latest Zero Hedge article that might mention bitcoin. They are almost uniformly hostile towards it, and so complacent in their ignorance. And those are relatively well-informed people who should know better.

Here are a couple things I think give some perspective:

The Fed's open market operations are buying up ~$80B every month. New money into the monetary base. At the current price bitcoin's total value (valued at $100/coin) is about $1B (order of magnitude). So the fed is "spending" 80x bitcoin's market cap every single month. That's a lot of dollars looking for somewhere to go.

If the bitcoin were regarded as an equal asset class as gold, such that the value of all bitcoins had the same dollar value as all gold in existence, bitcoins would be worth ~ $1 million/coin. (based on ~$10 trillion being the value of all gold in existence, and the current ~10 million bitcoins).

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ineededausername
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April 03, 2013, 03:11:52 AM
 #17542

Bull 1: Where's proudhon in this picture?
Bull 2: Oh, right there maybe!  Enhance!
Bull 1: Don't see him.  Wait, I have an idea, let me zoom out!
Bull 2: Still no proudhon.
Bull 1: Wait hold on, zoom out a little more. Just a sec.
...
There he is!
Bull 2: I can't see him.
Bull 1: Right there, back at $8.  He sold everything at $8.  Ha!  We sure left him behind...

(BFL)^2 < 0
BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!


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April 03, 2013, 03:13:40 AM
 #17543

Things are kind of reaching a fever pitch here. Anyone else scared? Even a bit?

Yes, a bit. The forum is showing that giddy kind of euphoria with lots of swagger and bravado and posts about huge anticipated prices that once often sees at the top in a market.


This always gets trotted out during gains. I've only been active on these forums for a few short weeks (since ~$30-odd), but it seems that it's like clockwork: After every big gain, people get nervous and start calling out irrational exuberance.

However, it seems the real irrationality is usually always on the side of the bears.

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April 03, 2013, 03:14:26 AM
 #17544


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
mccorvic
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April 03, 2013, 03:14:59 AM
 #17545

Things are kind of reaching a fever pitch here. Anyone else scared? Even a bit?

Yes, a bit. The forum is showing that giddy kind of euphoria with lots of swagger and bravado and posts about huge anticipated prices that once often sees at the top in a market.


This always get trotted out during gains. I've only been active on these forums for a short weeks (since ~$30-odd), but it seems that it's like clockwork: After every big gain, people get nervous and start calling out irrational exuberance.

However, it seems the real irrationality is usually always on the side of the bears.

Also, the forums aren't all of bitcoin.  We're actually a minority.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
iCEBREAKER
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Crypto is the separation of Power and State.


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April 03, 2013, 03:15:52 AM
 #17546


The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
Loaded
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April 03, 2013, 03:16:26 AM
 #17547

Haven't seen Loaded around for quite some time.

Took a small loss the last time I posted prior to a trade, although I am unsure how much that had to do it with the current rally.

However, since I no longer promise any prices prior to having funds in hand...

More fun times ahead.

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bitcoind signmessage 1BqcwhKevdBKeos72b8E32Swjrp4iDVnjP "I am 'Loaded' of bitcointalk.org."
Hw6QbEy+Z5BNwiv0kPTyizzgU5T1H88RnPRvk7730VoGTReJndKzZ4Jnn1JjIkNiVwBIXsx19RwXQWVfWrZjW+M=
jl2012
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April 03, 2013, 03:16:33 AM
 #17548

Mr. Loaded is online  Grin

Donation address: 1CiZPrEJdN4FJcqdLdgVLzT8tgCXxT5ion
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April 03, 2013, 03:17:07 AM
 #17549

sweet mother of fuck

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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April 03, 2013, 03:17:49 AM
 #17550

I'm hoping for a this bubble to pop resulting in a massive crash on the order of 90%. That way I can afford to buy more! (Besides, I haven't bought above 12, so a 90% fall would be alright!)

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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April 03, 2013, 03:18:51 AM
 #17551

Things are kind of reaching a fever pitch here. Anyone else scared? Even a bit?

Yes, a bit. The forum is showing that giddy kind of euphoria with lots of swagger and bravado and posts about huge anticipated prices that once often sees at the top in a market.


This always get trotted out during gains. I've only been active on these forums for a short weeks (since ~$30-odd), but it seems that it's like clockwork: After every big gain, people get nervous and start calling out irrational exuberance.

However, it seems the real irrationality is usually always on the side of the bears.

Also, the forums aren't all of bitcoin.  We're actually a minority.

Also, perhaps everyone here says things to trick people into doing the opposite of what they say. Maybe all these bulls sold at $100? Anyway, true value is 1 years rent in a decent urban neighborhood.
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April 03, 2013, 03:19:30 AM
 #17552

BTC China still leading the rally up to $148 right now Smiley

- aka The "DigiMan"
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April 03, 2013, 03:21:23 AM
 #17553

$125!

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
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April 03, 2013, 03:21:39 AM
 #17554


- aka The "DigiMan"
dancingnancy
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April 03, 2013, 03:21:55 AM
 #17555

omg yess!! Smiley
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April 03, 2013, 03:22:06 AM
 #17556

125 Thats it, gonna celebrate with a bottle of beer. I love this game.
ineededausername
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April 03, 2013, 03:22:21 AM
 #17557

Mr. Loaded is online  Grin

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%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits Grin

(BFL)^2 < 0
thoughtfan
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April 03, 2013, 03:23:04 AM
 #17558


Er... I'm not good at math, how many percent has it gone up in two days again? Wink

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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April 03, 2013, 03:27:00 AM
 #17559


Er... I'm not good at math, how many percent has it gone up in two days again? Wink


125-95 = 30 

30/95 = .315

31.5 %

Visit http://neocashradio.com for the premier weekly bitcoin podcast.
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April 03, 2013, 03:30:10 AM
 #17560

The whales hath spoken!  (and they said buy buy buy glurb glurb glurb)


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
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