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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649851 times)
aurora
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April 08, 2013, 04:45:01 PM
 #19301



You know this for sure because?

Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.

Bitcoin cannot be compared to any other commodity at this point.  We are in uncharted territory.  Expect this kind of volatility going forward.  These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise.  Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend
and you know this how?
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josiahgarber
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April 08, 2013, 04:46:01 PM
 #19302

Up we go... Bitstamp at $190.
Excuse me... $195.
Jaques
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April 08, 2013, 04:46:27 PM
 #19303

btcchina much more relaxed ...
mp420
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April 08, 2013, 04:48:25 PM
 #19304

I think the lag exacerbates these intraday swings. Bot trading is very risky with the lag and so bots can't act as a stabilizing force when human traders make large orders and sweep the orderbook. Without the lag bots would instantly fill both sides of the spot price after a large order, making the swings less pronounced.
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April 08, 2013, 04:49:11 PM
 #19305

Bitcoinity roller coaster!

Like my comments?  Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw
Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc Smiley
BitcoinTate
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April 08, 2013, 04:49:37 PM
 #19306

Bitcoinity roller coaster!
Lol! Awesome!

- aka The "DigiMan"
mccorvic
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April 08, 2013, 04:49:42 PM
 #19307

So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
NamelessOne
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April 08, 2013, 04:49:51 PM
 #19308

This feeding freezy is enjoyable to watch. Bullsharks, DEVOUR!!!!
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April 08, 2013, 04:50:34 PM
 #19309

So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.
+1

- aka The "DigiMan"
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April 08, 2013, 04:51:03 PM
 #19310

nice little shakeout it was nom nom nom

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
chrsjrcj
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April 08, 2013, 04:51:13 PM
 #19311

Looking like the second highest ever USD volume day on MtGox.
BitcoinTate
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April 08, 2013, 04:51:31 PM
 #19312

Just look at the lag increasing... people going fuck fuck fuck.... buy buy buy!! lol

- aka The "DigiMan"
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April 08, 2013, 04:51:45 PM
 #19313

Definitely going back up.


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
Piper67
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April 08, 2013, 04:52:08 PM
 #19314

Damn. We crashed all the way down to 85% above the price a week ago today  Grin
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April 08, 2013, 04:52:54 PM
 #19315

Damn. We crashed all the way down to 85% above the price a week ago today  Grin
LOL! +1 !  Grin
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April 08, 2013, 04:53:29 PM
 #19316

'Tis but a scratch!!
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Dutyfree.io – defying tobacco taxes since 2009.


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April 08, 2013, 04:54:23 PM
 #19317

Is it really that hard to solve this fucking lag problem? Angry

BitcoinTate
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April 08, 2013, 04:54:38 PM
 #19318

Damn. We crashed all the way down to 85% above the price a week ago today  Grin
And that is why I quit trying to play the dip. After the first two sell high, buy back highers in the $20s and $30s  I learned my lesson Smiley

- aka The "DigiMan"
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April 08, 2013, 04:55:06 PM
 #19319

What? Bitcoin-24 at $240 ?!
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April 08, 2013, 04:55:25 PM
 #19320

Those silly bears http://www.youtube.com/watch?v=yaXaqKZhQYI  Wink
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