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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652145 times)
ElectricMucus
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July 26, 2012, 03:39:11 AM
 #941

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

+10,000 (number of people who are familiar with this site but don't use it)  And likely many more who are into Bitcoin and could give 2 craps about any of the rhetoric as long as they can send coins from point A to point B and attach some real world value to them.

Yes of course any community has lurkers. But for that statement to be actually the case there would have to be something that's about bitcoin and larger than this forum. Since Lurkers, in some way belong to the community too. Something like the bitcoin subreddit, just bigger.

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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adamstgBit
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July 26, 2012, 04:06:34 AM
 #942

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

+10,000 (number of people who are familiar with this site but don't use it)  And likely many more who are into Bitcoin and could give 2 craps about any of the rhetoric as long as they can send coins from point A to point B and attach some real world value to them.

Yes of course any community has lurkers. But for that statement to be actually the case there would have to be something that's about bitcoin and larger than this forum. Since Lurkers, in some way belong to the community too. Something like the bitcoin subreddit, just bigger.

- bitcoin holders dont visit these forum or the reedit or anything, they just hold their bitcoins and rarely think about it. they get the latest news weekly from friends
- bitcoin SR users, that only see bitcoin as a way to get drugs?
- day traders that have learnt NOT to listen to the BS that fly's around here
- poker players

I think people that come here are fans, and i would assume for every fan there's 10 "normal users"

so yes this community is a very small part of the actual bitcoin economy.

but surely its the most important part, or is it?

sadpandatech
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July 26, 2012, 04:14:00 AM
 #943


I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

+10,000 (number of people who are familiar with this site but don't use it)  And likely many more who are into Bitcoin and could give 2 craps about any of the rhetoric as long as they can send coins from point A to point B and attach some real world value to them.

Yes of course any community has lurkers. But for that statement to be actually the case there would have to be something that's about bitcoin and larger than this forum. Since Lurkers, in some way belong to the community too. Something like the bitcoin subreddit, just bigger.

familiar is not = to lurker. Maybe I could have stated myself more clearly.

but surely its the most important part, or is it?
damn skippy.  Grin

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
adamstgBit
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July 28, 2012, 09:45:56 AM
 #944













































Yuhfhrh
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July 28, 2012, 12:51:21 PM
 #945

Its like a little comic book!
adamstgBit
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July 30, 2012, 09:58:28 PM
 #946


ops i meat 10k Bid wall...

finkleshnorts
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July 30, 2012, 10:03:39 PM
 #947

go nuts and rally?

Well, I just went all in.
adamstgBit
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July 30, 2012, 10:05:15 PM
 #948

go nuts and rally?

Well, I just went all in.

I've been selling,
I think this is some last minute panic buying.

i must say I'm starting to feel the heat...

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July 30, 2012, 10:27:24 PM
 #949

This is one strange little game, isn't it? Smiley

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smoothie
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July 30, 2012, 10:30:30 PM
 #950

at all time highest difficulty (2 million +).....I would be very cautious in trying to sell bitcoins hoping to buy much cheaper at all...at this point.

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adamstgBit
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July 30, 2012, 10:35:13 PM
 #951

at all time highest difficulty (2 million +).....I would be very cautious in trying to sell bitcoins hoping to buy much cheaper at all...at this point.

This is exactly what I've been doing!

should i be panicking?

finkleshnorts
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July 30, 2012, 10:39:05 PM
 #952

at all time highest difficulty (2 million +).....I would be very cautious in trying to sell bitcoins hoping to buy much cheaper at all...at this point.

This is exactly what I've been doing!

should i be panicking?

I'd rather have bitcoins that fall in price than have USD while bitcoin rises without me. So I tend to be easily swayed by bullish movements
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July 30, 2012, 10:39:29 PM
 #953

at all time highest difficulty (2 million +).....I would be very cautious in trying to sell bitcoins hoping to buy much cheaper at all...at this point.

This is exactly what I've been doing!

should i be panicking?

yes
adamstgBit
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July 30, 2012, 10:44:02 PM
 #954

at all time highest difficulty (2 million +).....I would be very cautious in trying to sell bitcoins hoping to buy much cheaper at all...at this point.

This is exactly what I've been doing!

should i be panicking?

yes

oh ok, good to know


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July 30, 2012, 10:57:02 PM
 #955

wall is disappearing for 10s, then appearing again, repeating every 10 min... is it a bot?

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
adamstgBit
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July 30, 2012, 11:01:29 PM
 #956

wall is disappearing for 10s, then appearing again, repeating every 10 min... is it a bot?

ya i noticed that too

also look at all the selling into the wall that's happening

I think this failed rally to 10$ ill bring us down. I expect to see the 8.40 support tested again

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July 30, 2012, 11:04:36 PM
 #957

this rally is going to leave so many of the young kids behind.  what a shame Wink
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July 30, 2012, 11:06:29 PM
 #958

wall is disappearing for 10s, then appearing again, repeating every 10 min... is it a bot?

ya i noticed that too

also look at all the selling into the wall that's happening

I think this failed rally to 10$ ill bring us down. I expect to see the 8.40 support tested again

i dont see it failed, it only needed a colldown corrrection...

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
adamstgBit
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July 30, 2012, 11:12:13 PM
 #959

this rally is going to leave so many of the young kids behind.  what a shame Wink

not to worry, I have a paper wallet  Wink

only playing the trading game with like 20% of all my BTC

and stop spreading false hope, its going down too 8$  if not this week, then next week...


wall is disappearing for 10s, then appearing again, repeating every 10 min... is it a bot?

ya i noticed that too

also look at all the selling into the wall that's happening

I think this failed rally to 10$ ill bring us down. I expect to see the 8.40 support tested again

i dont see it failed, it only needed a colldown corrrection...

it's a panic buy, it wont cause a rally, just more panic buying at the top  Tongue

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July 30, 2012, 11:25:16 PM
 #960

This is like, so far from panic buying than anything. I feel the market is very bullish in general. The weekend was the perfect time for a correction and I was even expecting it but nothing. I think $10 will be tested sooner than $8.

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