Wall Observer - MtGoxUSD wall movement tracker

[420]

as a miner who sells all the time every time i really hope it stays above 10.
monday will bring people wanting to buy so it should have some support.
weds will finally bring some info about pirate' scheme/payout and a better idea where we will go.

Why do you sell all the time?

because i learned my lesson last year about speculating. it can end poorly ;-)

i mine. i have free electricity. so i have been running 2+ gh/s for more then a year. non stop.

about the only time i hold btc when the price is below 5. at that point i might as well wait
until i have 25-50 btc built up before bothering transfer to mtgox. but that is just due to
laziness when I know 10 btc is only 50 bucks or less.

bitcoinica, trading with amounts > 250 dollars, trying to time the market. blah.

steady income in USD makes me happy. a bird in hand is better then two in flight when it comes to bitcoin.

Congraulations. I would just take that and only play the broad moves. Day trading takes a lot of time energy research and will power [Yup I forgot to add commas, no stopping to edit, just pushing ahead]

[smoothie]

10k wall at $9.75?

lol

[smoothie]

someone just bought another 9k bitcoins in 30 seconds lol

[humanitee]

The fleecing shall commence soon!

[smoothie]

The fleecing shall commence soon!

Already happen.........fleecing does happen on the way down as also on the way up.

Selling at $7.50 and buying back at $10 is fleecing lol

[420]

The fleecing shall commence soon!

Already happen.........fleecing does happen on the way down as also on the way up.

Selling at $7.50 and buying back at $10 is fleecing lol

if fleecing also includes the sheep going inside and saying "yes i would like my fur cut off"

[sadpandatech]

The fleecing shall commence soon!

Already happen.........fleecing does happen on the way down as also on the way up.

Selling at $7.50 and buying back at $10 is fleecing lol

no doubt. This sheep is;
trimmed on both sides..

[Yuhfhrh]

Aaaaand we're going back down folks

[smoothie]

Aaaaand we're going back down folks

lol.......

[Kupsi]

That was a real weekend-dip 

Adam, are you alive?

[sadpandatech]

That was a real weekend-dip 

Adam, are you alive?

He's likely fainted from rapidly clicking the sell button as quickly as possible for days on end. ;p

[Serge]

I see there was fun weekend in bitcoin land

[Spekulatius]

I see there was fun weekend in bitcoin land

If only the main trading activity wouldnt happen during American Afternoon hours! I seriously need to return to some healthy sleep rhythm.

[420]

I see there was fun weekend in bitcoin land

If only the main trading activity wouldnt happen during American Afternoon hours! I seriously need to return to some healthy sleep rhythm.

i was asleep when it was under 9.50. went to bed it was about 9.50 i think. wokeup same i missed the volatility

[Cablez]

At last you guys were around to play.   I was away for a long weekend and I come back to see a golden opportunity pass me buy by.

Well at least I still have my coins. Now how fast can I get money in to the exchange........

[420]

At last you guys were around to play.   I was away for a long weekend and I come back to see a golden opportunity pass me buy by.

Well at least I still have my coins. Now how fast can I get money in to the exchange........

just call up bernanke to mine some more USD

[420]

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this. Of course there is less immediate inflation which could be argued that a price rises after the block reward reduction.... but saying prices rise currently because of said price rise as a speculative motor is just too far fetched.

This theory would only work if everyone already knew about bitcoin, and about the block reward halving. The way it works, though, is likely a lot more organic than that. As new people come in, they first find out about bitcoin, then about the block reward drop. That would push the price up.

I'm not saying this is the reason behind this particular rise. But the notion that all aspects of Bitcoin are already accounted for only works if everyone knows about them, and right now most people have no idea what a bitcoin is (though some may think it's the plot line of a Good Wife episode :-)

[Kupsi]

Update...

[Coincomm]

Pirate doesn't have enough Bitcoins. He will try to bring it down but he needs to buyback soon.

[niko]

Pirate doesn't have enough Bitcoins. He will try to bring it down but he needs to buyback soon.

What in the world makes you think he "needs to buy back"?