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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1805440 times)
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April 09, 2013, 03:34:26 PM
 #19861

I still everyone is underestimating how many people are now becoming interested in bitcoin and buying in.  I've gone from having everyone I've brought BTC up to having gone from "da fuq you sayin'" in 2012 to "Oh yea, I heard about that. It sounds interesting. Tell me more"  The world is a big place people.  Of course, I know that the bears will say "Normal people have heard of bitcoin, therefore bubble" but I disagree. We ain't talkin' bout no beanie babies.

With that said, looks like da bulls beat da bears at their own lag game. WEEEEE

Does that explain BTC "chunk" buys? Don't think so.

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April 09, 2013, 03:35:02 PM
 #19862

Someone hold me :c.
My little ol' body can't take it anymore.

I don't know anyone who will hold you, but I'm sure plenty of peeps will be more than happy to hold your coins Cheesy

But seriously,  this feels roughly like a repeat of when we broke 100.  If I was more inclined, I'd work up some numbers and find the percentage increase when we went over 100 to now when we broke 200.  But I'm not so inclined....

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April 09, 2013, 03:35:57 PM
 #19863

Uh, blockchained just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

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April 09, 2013, 03:36:40 PM
 #19864

I still everyone is underestimating how many people are now becoming interested in bitcoin and buying in.  I've gone from having everyone I've brought BTC up to having gone from "da fuq you sayin'" in 2012 to "Oh yea, I heard about that. It sounds interesting. Tell me more"  The world is a big place people.  Of course, I know that the bears will say "Normal people have heard of bitcoin, therefore bubble" but I disagree. We ain't talkin' bout no beanie babies.

With that said, looks like da bulls beat da bears at their own lag game. WEEEEE
I agree with this to some degree, the amount of people coming into this is incredible. Facebook, Paypal, Ebay. The internet is a huge place.
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April 09, 2013, 03:36:54 PM
 #19865

$218 - that's fine for now.

Phew, tea anyone? Grin

Oh wait. $223.

Shall I fetch biscuits?

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April 09, 2013, 03:37:10 PM
 #19866

Uh, blockchain just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

*sniff*

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April 09, 2013, 03:39:56 PM
 #19867

Uh, blockchain just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

*sniff*

If that 2mil that randomly showed up turns into a big buy, it'll take us well north of 250 Cheesy

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April 09, 2013, 03:41:24 PM
 #19868

Trolol I thought gox had "fixed" this.

they aren't deploying the announced change until april 17th. i don't know about anyone else, but it's the 9th for me. Cheesy

Interesting, so that will in fact test the "lag is preventing the price from crashing" hypothesis.

I still prefer the "nerds remortgaging their houses are preventing the price from crashing" hypothesis.

Despite all the trolling I did in the past that isn't so far from the truth, except they aren't really nerds.

Only something that are falsifiable can become truth.

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April 09, 2013, 03:43:17 PM
 #19869

http://i.imgur.com/M5apmM0.png

Notice how the slope of the exponential is only just now reaching the 2011 bubble slope. That bubble took us up over another order of magnitude before popping. So if this is a short-term bubble there is at least a precedent that it would pop near $1,000.

I don't think we will reach $1000 before some huge swings(something would be considered "crash"), it ain't so easy for everyone to become rich.

if 100=20 then you are correct sir
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April 09, 2013, 03:43:49 PM
 #19870

Is bitcoinity's mtgox lag marker accurate? I see lag increasing a lot at the moment
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April 09, 2013, 03:44:09 PM
 #19871

Trolol I thought gox had "fixed" this.

they aren't deploying the announced change until april 17th. i don't know about anyone else, but it's the 9th for me. Cheesy

Interesting, so that will in fact test the "lag is preventing the price from crashing" hypothesis.

I still prefer the "nerds remortgaging their houses are preventing the price from crashing" hypothesis.

Despite all the trolling I did in the past that isn't so far from the truth, except they aren't really nerds.

Only something that are falsifiable can become truth.

Come on I am making this easy. Notice the subtle "so far from" Wink
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April 09, 2013, 03:44:53 PM
 #19872

This lag is unsettling. Tongue
But we’re kicking through it.

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April 09, 2013, 03:45:43 PM
 #19873

Is bitcoinity's mtgox lag marker accurate? I see lag increasing a lot at the moment

More or less I believe.  Gox lag follows it's own time.

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April 09, 2013, 03:46:06 PM
 #19874



Notice how the slope of the exponential is only just now reaching the 2011 bubble slope. That bubble took us up over another order of magnitude before popping. So if this is a short-term bubble there is at least a precedent that it would pop near $1,000.

I don't think we will reach $1000 before some huge swings(something would be considered "crash"), it ain't so easy for everyone to become rich.

There were "crashes" on the way up to $32 in 2011, too.
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April 09, 2013, 03:46:24 PM
 #19875

Uh, blockchained just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

Fresh fiat getting in, was to be expected. It takes around 1-4 weeks of time between first hearing about Bitcoin and buying bitcoins, so this will continue for some time.

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April 09, 2013, 03:46:27 PM
 #19876

WAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLL


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April 09, 2013, 03:48:16 PM
 #19877

WAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLL

*Pic*

Well, now I know where that 2mil is Cheesy

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April 09, 2013, 03:48:34 PM
 #19878

WAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLL


Fuck, this is dangerous. If that wall is not sincere...

.

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April 09, 2013, 03:48:49 PM
 #19879

Uh, blockchained just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

The jaws are opening...get ready for a whale bite!
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April 09, 2013, 03:50:03 PM
 #19880

WAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLL


Fuck, this is dangerous. If that wall is not sincere...

I dunno. We've seen a coupe mil walls trailing the price for a couple weeks now and no ill has thus befallen us. 

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