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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652516 times)
relm9
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April 15, 2013, 06:10:44 PM
 #23161

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.
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April 15, 2013, 06:13:15 PM
 #23162

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.

I agree. I held my BTC that use for speculating just to see what would happen today. I sold at 96 and waiting for bottom to buy in again.

BTC: 17BTWGuG3EKaZuTYuEpV1ewVz3UKgUqfEP
LTC: Lf5hcNH5dQPH9dZYC7odSuWvuz37DMi9Gg
MikeH
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April 15, 2013, 06:20:00 PM
 #23163

more likely gold and silver was horribly over priced compared to what it actually cost to bring it out of the ground and sell it.
eventually miners caught up to demand as well as buyers decided they no longer desired to have as much.

nah they're just being manipulated to fulfil some short orders and will recover soon.
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April 15, 2013, 06:21:29 PM
 #23164

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.

I agree. I held my BTC that use for speculating just to see what would happen today. I sold at 96 and waiting for bottom to buy in again.

People see it was under 60 in weekend, waiting for same dip.. or lower
dani
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..yeah


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April 15, 2013, 06:22:29 PM
 #23165

not gonna happen.

Hai
wonkytonky
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April 15, 2013, 06:25:24 PM
 #23166

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..


there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again Smiley there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now Wink hint hint hehe

bfx discount code : FvwrZ545k2 (get 50% back )
https://simplefx.com/?sfx-r=b9acece2-d022-4f9b-a40a-e35cbf9097b0   (get 50% back )
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April 15, 2013, 06:26:36 PM
 #23167

How does the notion of a cargo cult apply here? 

you can't see it at all?  Huh



Cargo cult is imitating the actions of others in the belief that it will bring about circumstances that aren't linked to those actions. I think I see what's being got-at but I don't think it really applies. I'll have to read the buttcoin article later.

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April 15, 2013, 06:29:22 PM
 #23168

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..


there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again Smiley there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now Wink hint hint hehe


Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.


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April 15, 2013, 06:32:01 PM
 #23169

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

I can't speak for gold and silver, but the problem with Bitcoin is its' users all consider themselves 1337 traders and aren't that interested in using it as a currency.
traders use it as a currency to buy $
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April 15, 2013, 06:33:13 PM
 #23170


Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.


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April 15, 2013, 06:37:11 PM
 #23171

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..


there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again Smiley there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now Wink hint hint hehe


Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.


Tongue

so true...

the chart look good, i'm seeing a lot of volume when their is a small push down, everything is just fine

BitcoinAshley
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April 15, 2013, 06:40:08 PM
 #23172

Ok, speculators, here's a twitter post for you to speculate on, this mention by Libertarian Party twitter is sure to result in a $50 increase over the next 2 days...



 Grin Grin Grin
Ok, now that we've got the laughs out of the way -
As for price, confidence was severely shaken by the tumble. You are right that a lot of people are waiting for a couple "big fish" to start a rally before they jump in, because they simply don't know how low it's going to go.

If you were a big fish, and you even wanted to attempt to inspire a rally (with a large purchase) in these circumstances, chances are you would wait till Tuesday-Wednesday when there was a lot more fiat sitting there (some bank transfers will arrive Monday, some Tuesday, etc.)
Just a thought. Of course, who knows what will happen  Cool

seleme
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April 15, 2013, 06:47:47 PM
 #23173

Graphs moving slowly to left..

GreekGeek
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April 15, 2013, 06:49:12 PM
 #23174

 Cry
http://www.youtube.com/watch?v=1lWJXDG2i0A

http://www.youtube.com/watch?v=7HKoqNJtMTQ

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
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April 15, 2013, 06:57:23 PM
 #23175

Remember that the exponential trendline since January (cutting out the post-Cyprus bubble) has the price at around $70 now, with support more like $50. We could easily go that low. I'm only going to start worrying if we get below $30.

HOWEVER, a return to the exponential trendline at $70 may sound bad right now, but that same trendlime has us at $1,000 by September and $10,000 by Christmas. Try not to hate on it too much Wink

Patience.
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April 15, 2013, 07:02:04 PM
 #23176

People are much more aware of a crash now than 2011. Maybe all the weak hands have sold already.

I hope we are bottoming out @90 or even breaking out upwards.


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It's the muffins that must be stopped.


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April 15, 2013, 07:04:35 PM
 #23177

Bear's Innuendo: Terrific Cash Out Is Near
UKMark
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April 15, 2013, 07:12:16 PM
 #23178



It's gotta stop soon, hasn't it?

batcoin
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April 15, 2013, 07:24:55 PM
 #23179



 Grin Grin Grin


This thread is such a goldmine and wealth of information. Thank you all who contribute! xD

If you have more than 0.01BTC and complain about early adopters, please consider donating to this address: 1P11Dz4mhDcJvetHqEJu35KNEVqSRmqo3b
General Tips: 1P4YfrYwQKKtfwszzb2aHgLVLiWQCrJfwi
ElectricMucus
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April 15, 2013, 07:27:39 PM
 #23180

I don't know if that has been posted yet...

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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