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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652011 times)
The-Real-Link
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April 16, 2013, 12:22:17 AM
 #23301

Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s.  Any chart shows there's been a decline for two hours already.  Do people not like their profit?  If they were desperate to cash out, IDK, $90 seems better than $70.  Maybe it's just me.


Remember, not all sells are people cashing out at a miserable loss.

-Sold at $88
-Bought at 86
-Sold at 87
-Bought at 84
-Sold at 85
-Bought at 81
-Bought at 80
-Sold at 83
-Sold at 81
-Bought at 78
-Sold at 81

And so on and so forth. Some people have the patience and skillz to sit there and make money on the minute-to-minute. They're the "evil speculators" that our stereotyping occupy-wall-st bear crowd likes to complain about.

Oh no, I totally agree.  With the fees in place though, it's a pain to cycle funds at anything less than $2 difference.  They'd be earning profit but I'd imagine could also risk getting burned.

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
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April 16, 2013, 12:36:57 AM
 #23302

Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s.  Any chart shows there's been a decline for two hours already.  Do people not like their profit?  If they were desperate to cash out, IDK, $90 seems better than $70.  Maybe it's just me.


Remember, not all sells are people cashing out at a miserable loss.

-Sold at $88
-Bought at 86
-Sold at 87
-Bought at 84
-Sold at 85
-Bought at 81
-Bought at 80
-Sold at 83
-Sold at 81
-Bought at 78
-Sold at 81

And so on and so forth. Some people have the patience and skillz to sit there and make money on the minute-to-minute. They're the "evil speculators" that our stereotyping occupy-wall-st bear crowd likes to complain about.

Oh no, I totally agree.  With the fees in place though, it's a pain to cycle funds at anything less than $2 difference.  They'd be earning profit but I'd imagine could also risk getting burned.

Having watched these charts for months now doing nothing but holding I was today toying with the idea of doing some trading but after a couple of times putting ask orders on that didn't quite hit before it went tumbling down again in the end decided to stay out of trading and once again to simply stick with my holding strategy.

It had taken me a while after we didn't get an immediate recovery after the big drop to realise the trading conditions since fall within my parameters for the first time (for me) .  Contrary to many here what I would be trading with would be my bitcoin because all the fiat I am prepared to risk on Bitcoin is already all in.  So the advice I was once given 'never trade into a falling market' means in the normal bitcoin bull market I would be trading into a falling fiat market.  Here though what we've had is a rising fiat relative to bitcoin.  But in the end I do believe it will turn around sometime and with a reasonable possibility of it happening quite quickly and sharply.  The risk associated with that, combined with my inexperience means I'll likely tomorrow return the temporary bitcoin funding I put on mtgox back to my wallet and go back to watching:)

Well done to all of you who are doing well from it and good luck to those playing it now.  I know by just holding I am contributing to the scarcity but I also appreciate what you guys are doing for liquidity Smiley

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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April 16, 2013, 12:41:56 AM
 #23303


Very nice, where did you get the picture of Like a Sir with Nyan Cat?

It seemed like a good idea at the time.
TheKoziTwo
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April 16, 2013, 12:43:28 AM
 #23304


Very nice, where did you get the picture of Like a Sir with Nyan Cat?
Found it on google search, here you go:

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April 16, 2013, 12:47:40 AM
 #23305

that was fast

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April 16, 2013, 12:53:34 AM
 #23306

Hmhm, I set it up as my wallpaper.. but its not high res enough

It seemed like a good idea at the time.
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April 16, 2013, 12:56:21 AM
 #23307

Hmhm, I set it up as my wallpaper.. but its not high res enough
Let me know if you find it in high res, I would like that too.

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April 16, 2013, 12:59:58 AM
 #23308

that stupid feeling when it might fail more and you don't have fiat anymore Sad

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April 16, 2013, 01:11:26 AM
 #23309

Great! I'm perma-bull so I don't whine too much about not selling high but you packed in some great ideas! Very creative.
I guess you don't consider fixing some minor glitches here and there? Tipping you anyways 0.01Ƀ.
Meh Sad Paid 5% in fees. So much for low fees and micro transactions.

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April 16, 2013, 01:19:49 AM
 #23310

Thanks Smiley Not sure what glitches you are referring to, but if you mean the random noise appearing here and there near the price, then nah... thought it looked ok, and was tired working on it so just wanted to get it out.

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April 16, 2013, 01:28:24 AM
 #23311

Great! I'm perma-bull so I don't whine too much about not selling high but you packed in some great ideas! Very creative.
I guess you don't consider fixing some minor glitches here and there? Tipping you anyways 0.01Ƀ.
Meh Sad Paid 5% in fees. So much for low fees and micro transactions.

ROFL! That song is awesome!
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April 16, 2013, 01:33:17 AM
 #23312

I wonder if the phrase, "I got goxed" will make it into the mainstream
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April 16, 2013, 01:33:53 AM
 #23313

I wonder if the phrase, "I got goxed" will make it into the mainstream


"You goxxed this one up bigtime"

CoinLenders - Bitcoin Bank Script / Demo
1v.io/kazu - 15ccW7m6RxDFWEKc3P1NdwWpX1N1pU7gZ8
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April 16, 2013, 01:34:21 AM
 #23314

Sent some BTC to Gox to try and catch the swing but no sign of it yet Sad Oh well, maybe just hold after all.

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April 16, 2013, 01:41:48 AM
 #23315

Yes, Gox is slow adding funds. Tried some arbitrage with Bitstamp, but because of this "lag" I made very few profits.

Now it's going down again.

Wouldn't be the worst if we test the 50's support again.


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April 16, 2013, 01:46:19 AM
 #23316

Thanks Smiley Not sure what glitches you are referring to, but if you mean the random noise appearing here and there near the price, then nah... thought it looked ok, and was tired working on it so just wanted to get it out.
I don't mean to be rude. I wish I had a voice 10% as great. The glitches I meant were some spots where the version by Adele gives me a shiver and the singer in your version can't deliver. The other thing is the long sentences that are impossible to squeeze into the song but you tried nevertheless. Rhymes give me a shiver now and then though Wink

Having said all that, I'm listening to it just right now waking my neighbor Grin

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April 16, 2013, 02:08:36 AM
 #23317

Bitcoin: going down faster than Monica Lewinsky during Bill Clinton's lunchbreak.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 16, 2013, 02:20:22 AM
 #23318

Oh, lol, gold lost more in one day than bitcoin.
Gold lost 2 years.
Bitcoin lost 2 weeks.

Grin

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April 16, 2013, 02:27:28 AM
 #23319

Oh, lol, gold lost more in one day than bitcoin.
Gold lost 2 years.
Bitcoin lost 2 weeks.

Grin

It's clearly a ponzi scheme!
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April 16, 2013, 02:28:35 AM
 #23320


1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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