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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1805440 times)
Geddi
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April 15, 2013, 04:31:12 PM
 #23121

Looks to me like it's being slowly bulldozed down by a 1200 coin wall...
you mean beardozed Grin

 Cheesy  Cheesy
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April 15, 2013, 04:44:34 PM
 #23122

Although yesterday we were fighting for $100, today seems to be $96 :/ , considering all of the fiat was meant to hit the market today it's not really having much impression, maybe the bulls are all really bears deep down Smiley

We are above the 24h avg...


It seems obvious that the new accounts won't be in a big hurry to buy; after the drop they'll be hoping to get coins cheaper.  So price will be determined significantly by current coin owners.  Will they sell it down or enforce this price as the minimum?  The next few days will illuminate whether whether this was a correction or a bubble.  If current owners do not value their coins at all medium to long term we'll see attempts to sell into reluctant new accounts -- the bubble drop into "capitulation".  But if owners value the fundamental advantages of bitcoin then we'll see stable or gradually increasing prices.
GreekGeek
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April 15, 2013, 04:46:34 PM
 #23123

Looks to me like it's being slowly bulldozed down by a 1200 coin wall...
you mean beardozed Grin

 Cheesy  Cheesy

going down
http://www.youtube.com/watch?v=_2s7WMVMDjU

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ElectricMucus
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April 15, 2013, 04:46:40 PM
 #23124

Bidwall pull in 3...2...1..
silvermario
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April 15, 2013, 05:06:23 PM
 #23125

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9
GreekGeek
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April 15, 2013, 05:10:00 PM
 #23126

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

oh oh
I should buy back the coins I shorted

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ElectricMucus
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April 15, 2013, 05:11:02 PM
 #23127

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

Doesn't mean they are here to buy either.
There are hordes of miners who want to get some cash out of their effort. Not to mention your random SR seller, people who bought in from other sources and so on.

Those who are there to buy probably think twice before they do it at this point too.
zarl
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April 15, 2013, 05:14:18 PM
 #23128

Could there be a sittiuation, where gox not have the amount of fiat people want out
GreekGeek
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April 15, 2013, 05:16:36 PM
 #23129

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
adamstgBit
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April 15, 2013, 05:17:22 PM
 #23130

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

oh oh
I should buy back the coins I shorted

everyone (ok almost everyone) is making big money in this market.... so its best to live dangerously, let the bears have their moment  Wink

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April 15, 2013, 05:17:53 PM
 #23131

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Of course that wouldn't be the end of Bitcoin Cheesy
ElectricMucus
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April 15, 2013, 05:18:38 PM
 #23132

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.
zarl
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April 15, 2013, 05:18:48 PM
 #23133

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

yes ;(  it can be HUGE amount the need pay the next weeks
adamstgBit
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April 15, 2013, 05:24:55 PM
 #23134

You can feel depression setting in, people are so irrational... keep sucking GOX, soon it will be time to capitalize on the fear   Cool


 Roll Eyes **wonders just how low it will go

Gabi
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April 15, 2013, 05:25:35 PM
 #23135

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.
Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

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April 15, 2013, 05:29:08 PM
 #23136

You can feel depression setting in, people are so irrational... soon it will be time to capitalize on the fear   Cool


 Roll Eyes **wonders just how low it will go

Once they panic.
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April 15, 2013, 05:32:21 PM
 #23137

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.
Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

I read the cargo-cult wiki, but don't get the reference in context of exchanges.
Someone care to enlighten me?

Ente
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April 15, 2013, 05:32:34 PM
 #23138

That wall is taking a beating!!
Geddi
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April 15, 2013, 05:33:22 PM
 #23139


$100 is the new $5
$99 is the new $5
$98 is the new $5
$97 is the new $5

Cool
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April 15, 2013, 05:36:41 PM
 #23140

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.
Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

I read the cargo-cult wiki, but don't get the reference in context of exchanges.
Someone care to enlighten me?

Ente

It's the whole "big finance" attitude that is being parroted, without recognizing what the practical use of BTC really is. All those types pretending to be on wall-street and such, it goes deeper than that... you can read more about it here: http://buttcoin.org/the-cargo-cult-of-bitcoin

It's written a little with a tongue in cheek attitude, but there is some ultimate truth to it.
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