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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1651537 times)
TheJuice
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April 04, 2013, 01:00:58 AM
 #18261

This is so stupid, why do they keep dumping? The price is obviously going back up.

Could be the same person that then buys; taking money from the panic sellers.

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ManBearPig
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April 04, 2013, 01:01:45 AM
 #18262

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
humanitee
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April 04, 2013, 01:02:54 AM
 #18263

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.
ManBearPig
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April 04, 2013, 01:05:11 AM
 #18264

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

As volume increases I get the feeling Mt Gox just cannot handle this. Could be make or break for Bitcoin in the short-term.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
Nemesis
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April 04, 2013, 01:05:20 AM
 #18265

This is so stupid, why do they keep dumping? The price is obviously going back up.

The only thing thats stupid is trying to make sense of someone else's trade.

ineededausername
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April 04, 2013, 01:09:54 AM
 #18266

There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.





edit: no embedding?

(BFL)^2 < 0
David M
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April 04, 2013, 01:10:10 AM
 #18267

The only thing thats stupid is trying to make sense of someone else's trade.

Well said.

A million opinions = price.
solex
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April 04, 2013, 01:11:22 AM
 #18268

Caller 2 was me who tried to keep talking to get as much in as I could first explaining physical bitcoins was what he was talking about was just one minor means of storing bitcoins, other options being wallets on pcs, on smartphones, on a printed piece of paper and as a brain wallet which could be carried anywhere in the world.  Also (although I don't recollect using any full stops!)  ...

I heard you! Listened to the LBC online feed and your points were well said. Lots of useful info for listeners except from the idiot going on about a roast-beef sandwich :-)

mccorvic
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April 04, 2013, 01:13:52 AM
 #18269

There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.

I think it's more that the depth hasn't had a chance to build up a lot yet.  Someone sells 1 btc and the price drops a buck and it feel huge.  It may actually be a sign that people are taking their BTC ot other exchanges (finally).  It'll get there, don't worry.

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ManBearPig
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April 04, 2013, 01:14:17 AM
 #18270

I think I'm done with Mt Gox. This isn't good enough. I'm all for Bitcoin and am long-term bullish but I can't handle that lag.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 04, 2013, 01:15:23 AM
 #18271

There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.





edit: no embedding?


Bitcoincharts seems to have disabled direct links to their images... Probably trying to get the site to not die under load.

I know this because Tyler knows this.
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April 04, 2013, 01:17:48 AM
 #18272

I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.

PHP can do ANYTHING!



https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
louisBSAS
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April 04, 2013, 01:19:42 AM
 #18273

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

As volume increases I get the feeling Mt Gox just cannot handle this. Could be make or break for Bitcoin in the short-term.

Mtgox is not the only exchange.  I left - voice your opinion of them and pull your money like I did.

Mining at : 12t4H9FdmimXvjMLPzgxCTs3Mwi7LWcnro
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ManBearPig
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April 04, 2013, 01:26:12 AM
 #18274

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

As volume increases I get the feeling Mt Gox just cannot handle this. Could be make or break for Bitcoin in the short-term.

Mtgox is not the only exchange.  I left - voice your opinion of them and pull your money like I did.

Doing just that. Which exchange(s) do you use?

I tweet crypto nonsense: https://twitter.com/DunningKruger_
BitcoinTate
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April 04, 2013, 01:39:05 AM
 #18275

I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.

PHP can do ANYTHING!



I love PHP, I use it every day. But I would never use it for a world class trading platform.

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kylelgk
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April 04, 2013, 01:48:53 AM
 #18276

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

As volume increases I get the feeling Mt Gox just cannot handle this. Could be make or break for Bitcoin in the short-term.

Mtgox is not the only exchange.  I left - voice your opinion of them and pull your money like I did.

Doing just that. Which exchange(s) do you use?

I use BTC-E
josiahgarber
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April 04, 2013, 01:57:51 AM
 #18277

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

This isn't a grown up currency.  It's just the beginning if Bitcoin is to be successful.  I think in the long run the chances are pretty good.
DoomDumas
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April 04, 2013, 01:58:55 AM
 #18278

anyone here use Cavirtex?

i have a question, not sure why my trigger limit order thingy didn't work

https://bitcointalk.org/index.php?topic=166343.0

it was suppose to sell a bit if price dropped below 125, price dropped, trigger didn't fire  Cry

I use CaVirtex, but no limit order yet..  Look to the news, faqs, I think there is something about it !

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oakpacific
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April 04, 2013, 02:01:08 AM
 #18279

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

1. Bitcoin exchanges have no daily limits, unlike that of many other financial instruments.
2. By percentage variation, this volatility is significantly smaller then when it was at the 2011-12 bottom.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
DoomDumas
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April 04, 2013, 02:02:32 AM
 #18280

Mt.Gox is embarassing. It's not like they haven't had time to fix this issue. I can't understand that someone with 80% of BTC trade, with that responsibility, is so nonchalant about this. Are they stupid?

Not stupid, but millionnaire since few years and do not care about customer !  Gox could close tonight, the owner will still be multi millionnaire..

Soap for BTC - Pure, Natural, Unique..   - PDF - BTCTalk - Email
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