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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1651527 times)
smoothie
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LEALANA Monero Physical Silver Coins


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December 21, 2012, 01:01:51 AM
 #6561

i'd love to see this wall get owned but its time for 12.50 now  Grin

Time for $8.47.  Grin

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December 21, 2012, 01:38:29 AM
 #6562


Sorry for my bad english Wink
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humanitee
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December 21, 2012, 01:43:10 AM
 #6563



Popcorn.
ElectricMucus
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December 21, 2012, 02:19:52 AM
 #6564

Somebody short buy into that?

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.
Luno
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December 21, 2012, 02:22:36 AM
 #6565

Sure it make sense, like when Soros decided Gold was to cheap at 300/ounce and began buying. And you know, the world is never gonna run out of USD

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mccorvic
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December 21, 2012, 02:56:05 AM
 #6566

High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

It could be the Gin and Tonic talking at this time of night...but it sorta does.

But I think you are not taking into account the high divisibility of BTC.  If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC.  I'm not sure how, but this seems important. HMMMM

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December 21, 2012, 03:09:20 AM
 #6567

High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

It could be the Gin and Tonic talking at this time of night...but it sorta does.

But I think you are not taking into account the high divisibility of BTC.  If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC.  I'm not sure how, but this seems important. HMMMM

how would the fees stack up then?

currently .0005 is only 7 tenths of a cent $

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December 21, 2012, 03:33:35 AM
 #6568

Time for $8.47.  Grin

Not sure what god you worship, but I'd look into getting a new one.

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December 21, 2012, 04:21:28 AM
 #6569

Time for $8.47.  Grin

Not sure what god you worship, but I'd look into getting a new one.

LMAO!

I love smoothie, he so desperately wants to buy back in, with bitcoin profits  Grin

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Bitcoin: The honey badger of currencies


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December 21, 2012, 04:23:21 AM
 #6570

High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution.

Bro, do you even blockchain?
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฿itcoin: Currency of Resistance!


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December 21, 2012, 04:35:02 AM
 #6571

IT WAS A TRAP!!    O_O

Mercado Forex acessível para todos os Brasileiros que tenham Bitcoins! Cadastre-se hoje mesmo! Bastar acessar aqui: https://1broker.com/m/r.php?i=8879
mccorvic
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December 21, 2012, 04:40:06 AM
 #6572

IT WAS A TRAP!!    O_O

Trololoolol

One day people will learn to never not buy bitcoins. One day.

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December 21, 2012, 04:40:26 AM
 #6573

IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.

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December 21, 2012, 04:40:56 AM
 #6574

IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.

Didn't you hear me? I said to never NOT buy bitcoins.

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December 21, 2012, 04:44:01 AM
 #6575

some walls are still up

but I was the first to predict it on here:

I smell a bear trap

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December 21, 2012, 04:48:13 AM
 #6576

IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.

Didn't you hear me? I said to never NOT buy bitcoins.

lol!

good advice

but every once in a while you should sell some bitcoins, so you can buy back lower or have some money to buy in on a really good crash

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December 21, 2012, 09:18:08 AM
 #6577

Whoa! Where'd all the asks go???  Shocked

16000 up to $14 and 34000 down to $12.50. That sure changed in the last few hours!


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December 21, 2012, 09:38:01 AM
 #6578

High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution.

Distribution makes prices rise, but high prices do not make distribution rise... And because i think that the rate of people getting familiar with btc decreases would be better if the btc price goes down. Personally, i do not care where the price goes...
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chaos is fun...…damental :)


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December 21, 2012, 10:10:26 AM
 #6579

just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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December 21, 2012, 10:29:04 AM
 #6580

just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.



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