Wall Observer - MtGoxUSD wall movement tracker

[DoomDumas]

The only thing I'm sure, within 10 days I'll have 1.5k $ of extra money, I'll buy BTC as soon as the money will be availlable in the exchange, no matter what the price will be this evening.  13$ ? 15$ ? 19$ ? 23$ ?  !!!  I'll not speculate, think, wait, place bid or ask.. the night the funds will be available, I'll buy at market price, with no fear at all..

Buying at 13 or 23 do not make such a diff, as I'm long in BTC, and pretty sure it will go over 50 before July !   At 50, I dont think I'll sell neighter !

Just my tought !

[1714223307]

1714223307

[DoomDumas]

I submitted a bet yesterday, around the $19 mark. Some few hours later... $15.35. 

Bets of Bitcoin: MTGOX BTC will touch $25.99 before $14.99

Interesting, bet are almost even on agree and disagree sides !!!   

You trade BTC ?  Why not bet on this one

MTGOX BTC will touch $25.99 before $14.99

[ATC777]

Quick analysis of BTC/USD I did last night for the Bitcoin-OTC channel...



I think the technicals outlined here are panning out so far... waiting for the BTC to find support in the > $14 range, followed by a flat calm... I'm gonna start incrementally buying, in pyramid fashion, and averaging my price down as it sinks. After the coming calm I expect it to break-out again and make a run beyond $21. But give it some time and carefully pick your entry points. Buy in small increments and let the market run its course... it will pay off eventually when the next rip comes! Just don't be a perma-bull pig, or you'll get slaughtered! 

Regards,

--ATC--

[adamstgBit]

Quick analysis of BTC/USD I did last night for the Bitcoin-OTC channel...



I think the technicals outlined here are panning out so far... waiting for the BTC to find support in the > $14 range, followed by a flat calm... I'm gonna start incrementally buying, in pyramid fashion, and averaging my price down as it sinks. After the coming calm I expect it to break-out again and make a run beyond $21. But give it some time and carefully pick your entry points. Buy in small increments and let the market run its course... it will pay off eventually when the next rip comes! Just don't be a perma-bull pig, or you'll get slaughtered! 

Regards,

--ATC--

+1

[adamstgBit]

I believe the drop will be fast and painless.
we should hit bottom next weekend (the 2nd).
their wont be enough to go around at 14, so get ready, send your funds.
as always some crazy bull can come along and change everything. I will keep an eye out, and issue buy alerts  at the appropriate time

[cypherdoc]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

[creativex]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

< $2?

...maybe he works for eBay.

[adamstgBit]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

[adamstgBit]

what you want to do is abuse the dying system
buy stuff ( silver and gold is not the only commodity with intrinsic value)
and above all accumulate dept! ... its almost over

[sounds]

accumulate dept!

It's almost as if the toxic loans leading to a crash in 2008 never happened. Don't accumulate debt unless you're a nation-state and can keep your creditors out by force.

[cypherdoc]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

so if currency wars get started, just which currency is it that isn't going to be debased?  oh wait, Bitcoin!

wouldn't that make it do a moon shot?

[oakpacific]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.

[cypherdoc]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.

yes, very true.  Germany repatriating gold from the US and France is one example.

[ElectricMucus]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.

yes, very true.  Germany repatriating gold from the US and France is one example.

Since you are aware of this you still think that Gold gonna collapse?

[cypherdoc]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.

yes, very true.  Germany repatriating gold from the US and France is one example.

Since you are aware of this you still think that Gold gonna collapse?

i still have the short on.

[sounds]

Gold may devalue a little but if it does the USD will be in hyperinflation, so USD/gold prices won't collapse.

[zby]

After the $30 peak, it took some time before people realised that it had become a bear market.

Exactly.  It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower.  I've got all the time in the world.

proudhon, tell us at what price you'll actually buy and become a bull.  b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now.  when, oh when?

he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.

anything can happen.... <1$ bitcoins is not imposable,

to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.

Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.

It does not need to be a coordinated attack - USA alone is enough to scare investors, sure the anarchists will stay with bitcoin till the end - but USA can destroy the exchanges.

[ElectricMucus]

It does not need to be a coordinated attack - USA alone is enough to scare investors, sure the anarchists will stay with bitcoin till the end - but USA can destroy the exchanges.

mtgox is in Japan. But lets say they shut them down, the volume would be back, distributed among the rest of the platforms within a month, prices in 2 months.
Even if they manage to shut down all the popular exchanges (btc-e is in russia btw, good luck with that) there would be new ones after a week.

[sounds]

I didn't realize btc-e was in Russia. Yes, that would make them harder to actually take down.

You know what we really need? Another large, popular exchange in Brazil.

But, I would add, do not underestimate the reach of the existing fiat banks.

Bribe a Russian official? $1,000,000.
Crash Bitcoin? Priceless.
(for everything else, there's Mastercard)

[oakpacific]

I didn't realize btc-e was in Russia. Yes, that would make them harder to actually take down.

You know what we really need? Another large, popular exchange in Brazil.

But, I would add, do not underestimate the reach of the existing fiat banks.

Bribe a Russian official? $1,000,000.
Crash Bitcoin? Priceless.
(for everything else, there's Mastercard)

Bribing? there are gonna be higher bidders you know? Think where would the dictators of some nations possibly want to store their wealth now that Uncle Sam is on a campaign to strangle them financially by bullying the banks. And Russia would be a very ideal intermediate nation....

Besides, money is important everywhere, but not the only important thing. Consider why would the Russian bureaucrats went out of place to ban American adoptions of Russian children, more adoptions are supposed to mean less financial burden for the government. Sometimes, just posture to stand up against the Americans itself is quite important. We have another example here, why would the Ecuadorian government provide asylum for Assange? Do they really care more about the freedom of speech then the US/UK governments? Perhaps not.

But I agree with you that we should set up exchanges everywhere to spread out the risk.