Wall Observer - MtGoxUSD wall movement tracker

[Yuhfhrh]

It doesn't feel like we are going to go much lower 

[1714292079]

1714292079

[BoardGameCoin]

It doesn't feel like we are going to go much lower  

But why for not you dump the 100K BTC for the us to be buying at much prices cheaper?

[adamstgBit]

Things I already learned the expensive way:
- first plan often is better than second plan
- decide, then stick to it
- wait long enough for it

+1

I learnt this the hard way too...

[adamstgBit]

It doesn't feel like we are going to go much lower 

yup looks like a bottom ( on one wants to sell coins for less then 10$ )

watching for high  volume / low price moment to make it definite.

[proudhon]

It doesn't feel like we are going to go much lower 

yup looks like a bottom ( on one wants to sell coins for less then 10$ )

watching for high  volume / low price moment to make it definite.

I'm assuming you're just trolling like I do sometimes.

[adamstgBit]

It doesn't feel like we are going to go much lower  

yup looks like a bottom ( on one wants to sell coins for less then 10$ )

watching for high  volume / low price moment to make it definite.

I'm assuming you're just trolling like I do sometimes.

no, i really do think we are at the bottom, and i expect someone to dump into an unlimited amount of support. just wait till you see this high volume / low price moment 1 day candle get painted.

we will stay stable until this candle appears.

[Yuhfhrh]

It doesn't feel like we are going to go much lower  

yup looks like a bottom ( on one wants to sell coins for less then 10$ )

watching for high  volume / low price moment to make it definite.

I'm assuming you're just trolling like I do sometimes.

no, i really do think we are at the bottom, and i expect someone to dump into an unlimited amount of support. just wait till you see this high volume / low price moment 1 day candle get painted.

we will stay stable until this candle appears.

I changed my mind. We are going down. 

[ElectricMucus]

So at what point your theory is toast? ~9.8 something from last week?

[adamstgBit]

It doesn't feel like we are going to go much lower  

yup looks like a bottom ( on one wants to sell coins for less then 10$ )

watching for high  volume / low price moment to make it definite.

I'm assuming you're just trolling like I do sometimes.

no, i really do think we are at the bottom, and i expect someone to dump into an unlimited amount of support. just wait till you see this high volume / low price moment 1 day candle get painted.

we will stay stable until this candle appears.

I changed my mind. We are going down. 

well ya that's unavoidable... no one is about to buy it up, they will however support a stable 10.xx no matter what the cost, hence the prediction of the  high volume / low price moment candle.

[adamstgBit]

So at what point your theory is toast? ~9.8 something from last week?

if ten breaks (for good) then ya, my perdition is toast, and the plunge will dive DEEP

[robocoin]

So at what point your theory is toast? ~9.8 something from last week?

if ten breaks (for good) then ya, my perdition is toast, and the plunge will dive DEEP

I think we're facing a longer bear phase.
I dunno what cypherdoc and S3052 say. But this is still a good viewpoint:
http://btctrading.wordpress.com/2012/10/27/long-term-update-weekly-view-at-mtg

[adamstgBit]

 

the thing is their is no reason for this bearish trend right now.
last year their was some serious bad news and major hacks, and this scared off alot of people.
now there is only good news ( and some exchange site getting  hacked doesn't scare anyone anymore )

IMO when we saw the rise to 15, and then the dump to 8, this was reward halving being priced in;

now people will continue to unload coins until they see some major support Pop-up

and since their is no really good reason for bitcoin's price to drop, this support will Pop-up faster then most think.

we are here now!

10.xx is where the first major support will be, and I don't think the bears are packing THAT much heat, so it could very well be enough support to kill the bears!

[adamstgBit]

can someone please post a wall pic

[Yuhfhrh]

can someone please post a wall pic

[bitboyben]

Low demand in UK keeping prices low? New services might bring it up again.

[byronbb]

Part of me remembers the long slow grind from bubble highs to $2 and I fear we are in some sort of endless downswing. That said, as adam has pointed out there is really no reason to be negative bitcoin right now and I agree. The ECB report was basically amazing. While there is limited traction at the moment in terms of new services accepting bitcoin I don't see the downside as being real. Then again, bitcoins are trading at $10.?? per USD. Ten times the fiat issued by the largest and most powerful country the world has ever seen. Either bitcoins are WAY over priced ,or we have something here that is more revolutionary than the invention of the PRINTING PRESS. (Oh the irony).

[BoardGameCoin]

While there is limited traction at the moment in terms of new services accepting bitcoin I don't see the downside as being real.

'

here's a new service: bitcoinstore.com!!!

https://bitcointalk.org/index.php?topic=122190.0

http://www.bitcoinstore.com/office-printers/printers/hp-laserjet-pro-m451dn-laser-printer-color-600-x-600-dpi-print-plain-paper-print-desktop-703684.html

[Ente]

Then again, bitcoins are trading at $10.?? per USD. Ten times the fiat issued by the largest and most powerful country the world has ever seen. Either bitcoins are WAY over priced ,or we have something here that is more revolutionary than the invention of the PRINTING PRESS. (Oh the irony).

..you shouldn't put too much weight in the absolute price. The relative price movements are much more interesting. If you want to focus on the absolute price, watch the mining costs/difficulty and emission rate..
Or, from a different point of view: How much would change if everyone agreed to make the dollar tenfold as "valuable"? You take existing banknotes and cross out the last zero. Even easier with electronic accounts. Same with price for goods and Forex exchange rates. Maybe call it "nDollar" from then on.
So, what would change? Nothing.

Is the Yen better or worse than US$? Come on, 80,000 Yen for one ounce of gold? Sounds ridiculous, not? ;-)

Oh, and eventually, we will be happy there are eight decimal points in Bitcoin, too..

Ente

[kokojie]

the thing is their is no reason for this bearish trend right now.
last year their was some serious bad news and major hacks, and this scared off alot of people.
now there is only good news ( and some exchange site getting  hacked doesn't scare anyone anymore )

IMO when we saw the rise to 15, and then the dump to 8, this was reward halving being priced in;

now people will continue to unload coins until they see some major support Pop-up

and since their is no really good reason for bitcoin's price to drop, this support will Pop-up faster then most think.

we are here now!

10.xx is where the first major support will be, and I don't think the bears are packing THAT much heat, so it could very well be enough support to kill the bears!

Well pirate40, the bitfloor hacker has to liquidate their millions of dollar worth of coins sooner or later. Plus the latest GLBSE fiasco probably made many people get their coins back from GLBSE or the issuers and sell, since there's obviously a major downtrend going on.

[Yuhfhrh]

I think now is a good time to get ready for rally monday I got my bids up.