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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1650812 times)
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April 09, 2013, 07:01:01 PM
 #20041

Bear time?

Does look like it's bear o'clock.

http://www.mnn.com/earth-matters/animals/stories/how-to-survive-a-bear-attack

I know this because Tyler knows this.
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April 09, 2013, 07:05:18 PM
 #20042

Can we have a small crash now?? Pleaaaaaaaaase!
A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.
Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

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April 09, 2013, 07:08:00 PM
 #20043

 yea
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April 09, 2013, 07:11:11 PM
 #20044

I just turned down an evening of sex with my new girlfriend just so I can watch my wealth grow, I do not know if thats sad or what

sad ...

Yeah. Doggy position is ideal as a laptop stand.

Great Idea!!! Now I am gonna pump and Dump
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April 09, 2013, 07:12:06 PM
 #20045

The price on the Mt. Gox homepage does not seem to be updating. It is stuck at $236.

BitAlarm.com - Bitcoin Alarm - Wake up to big changes in the market, or listen to beeps as a price is passed in the background.
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April 09, 2013, 07:13:53 PM
 #20046


Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

But everyonez was telling me that no one would spend a deflationary currency. I iz confused.

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mccorvic
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April 09, 2013, 07:16:37 PM
 #20047

Can we have a small crash now?? Pleaaaaaaaaase!
A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.
Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

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April 09, 2013, 07:18:16 PM
 #20048

Can we have a small crash now?? Pleaaaaaaaaase!
A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.
Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

For all we know they could be moves to paper wallets.

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
mccorvic
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April 09, 2013, 07:21:07 PM
 #20049

Can we have a small crash now?? Pleaaaaaaaaase!
A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.
Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

For all we know they could be moves to paper wallets.

While not a massive sum, I did do that exact thing with some of my coins just this morn.

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Roger_Murdock
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April 09, 2013, 07:21:56 PM
 #20050

Guys, this can't go on forever, right?  Grin





...right?  Shocked

No, it can't. There will come a day when people will no longer be willing to trade finite and precious BTC in exchange for unlimited and worthless paper. So best take advantage of the current situation while you can!
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April 09, 2013, 07:22:23 PM
 #20051


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
mccorvic
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April 09, 2013, 07:23:59 PM
 #20052

This is my favorite part of these lag events.  The bulls are starting to rally again, but all the cubs who wanted to catch the dip already sold and can't cancel their orders in time.

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Dutyfree.io – defying tobacco taxes since 2009.


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April 09, 2013, 07:25:52 PM
 #20053

http://www.youtube.com/watch?v=mBS0OWGUidc

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April 09, 2013, 07:28:32 PM
 #20054


 Huh

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April 09, 2013, 07:29:34 PM
 #20055

image
 Huh

It's called bear trap.


The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 09, 2013, 07:31:07 PM
 #20056


 Huh
Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "
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April 09, 2013, 07:35:20 PM
 #20057

Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "

LOL  Cheesy

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April 09, 2013, 07:39:08 PM
 #20058

Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "

lol, who wants Facebook stock anyway?
mccorvic
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April 09, 2013, 07:50:07 PM
 #20059

My god? Have the bears begun to reason?! They're starting to wait until there is SOME depth instead of dumping all their coins with a 10 dollar slide!  Next thing you know they'll start to wear human clothes.

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April 09, 2013, 07:54:07 PM
 #20060

My god? Have the bears begun to reason?! They're starting to wait until there is SOME depth instead of dumping all their coins with a 10 dollar slide!  Next thing you know they'll start to wear human clothes.

That doesn't sound like the bears we've come to know and love
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