Wall Observer - MtGoxUSD wall movement tracker

[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.

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.

so what?

the proper way to think about this is that politicians and their crony bankster friends consist of only 0.02% of the population.  as well, Bitcoin security exists at the level of the laptop, metaphorically speaking.

when the average person in the other 99.98% of the population truly understands Bitcoin, his laptop will automatically become a server in the network.  there is absolutely no way for any gov't to shut down 99.98% of the population of the world from expressing their opinion, unless you believe they will shut down the Internet itself.

which will never happen.

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[oakpacific]

To be honest, I think proudhon is a nice bear.  From what I have seen he just states his beliefs in a respectful way. 

he says the same tired dirbble he's been spouting for over a year.

I know, but if bitcoin had been going down for the last year, we would be saying "its gonna go back up" too, no?

He set all kinds of targets, confidently. And when they all get broken, he still repeated the same thing, and sometimes he was a bit like"whatever I am seeing now, it is gonna collapse next minute". Which is quite a bit weird for me.

[Spaceman_Spiff]

To be honest, I think proudhon is a nice bear.  From what I have seen he just states his beliefs in a respectful way. 

he says the same tired dirbble he's been spouting for over a year.

I know, but if bitcoin had been going down for the last year, we would be saying "its gonna go back up" too, no?

He set all kinds of targets, confidently. And when they all get broken, he still repeated the same thing, and sometimes he was a bit like"whatever I am seeing now, it is gonna collapse next minute". Which is quite a bit weird for me.

Yeah that's true    Maybe he is just putting up a show for the fun of it?

[01BTC10]

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is.  i've got my connection down to 7h via wire exchanges.  and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in mine there is none.

[cypherdoc]

To be honest, I think proudhon is a nice bear.  From what I have seen he just states his beliefs in a respectful way. 

he says the same tired dirbble he's been spouting for over a year.

I know, but if bitcoin had been going down for the last year, we would be saying "its gonna go back up" too, no?

He set all kinds of targets, confidently. And when they all get broken, he still repeated the same thing, and sometimes he was a bit like"whatever I am seeing now, it is gonna collapse next minute". Which is quite a bit weird for me.

whats weird is that he keeps showing up here.  i used to think he was a bull in hiding but no, he really is a permabear.  even ElectricMucus is starting to come around.  proudhon, not.

[cypherdoc]

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is.  i've got my connection down to 7h via wire exchanges.  and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire?  b/c that would depend on the banks.

[01BTC10]

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is.  i've got my connection down to 7h via wire exchanges.  and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire?  b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

[ElectricMucus]

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is.  i've got my connection down to 7h via wire exchanges.  and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire?  b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

hear, hear
Yes, bottom-up wot style like ripple. But good luck convincing the statists in here.

[World]

Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

[cypherdoc]

for those of you who haven't seen it yet, i just watched this on my tv On Demand:  http://wearelegionthedocumentary.com/

was very well done and i think you would enjoy it.

[cypherdoc]

What we need is a reliable peer-to-peer exchange. The problem is to connect this system to the fiat economy...

it already is.  i've got my connection down to 7h via wire exchanges.  and even if gox gets shutdown, the connection will always be there on the streets via person to person exchange.

Gox is not peer-to-peer. What I'm talking about is a completely online peer-to-peer exchange where you could wire money. Maybe in your area you can find other peoples to do in person exchange but in my are there is none.

do you really mean wire?  b/c that would depend on the banks.

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

well, it sounds like Bitcoin Central is the closest we have at the moment.

[jl2012]

Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

Could be coincidence. The first one happened when Pirate declared the close of BTCST

[Beta-coiner1]

Purely speculation on my part,but I think with the current price hovering at so high an average the next price spike could very likely be over 20 for a high!

[S3052]

Its looks like someone in west coast US timezone probably CA state has a weak hands.
Why correction come in the same time?

Could be coincidence. The first one happened when Pirate declared the close of BTCST

why west coast US timezone? bitcoin trading is global and at that time, there are more regions who can trade bitcoins

[adamstgBit]

dump alert! 

[cypherdoc]

dump alert! 

huh?

[adamstgBit]

dump alert! 

huh?

What Adam is trying to convey is that he is about to start dumping random pictures of bulls and bears in his thread again. Bull or bear depends on which way the wind is blowing in Canada today.

ok fine I'll stop posting alerts, your on your own, now be a good little bull and buy.

[adamstgBit]

i kid you bulls  

I'm just saying is that 17.20 is not going to break (as pitiful as that wall is) and b4 you know it we'll be talking 16.xx

[adamstgBit]

dump alert! 

huh?

What Adam is trying to convey is that he is about to start dumping random pictures of bulls and bears in his thread again. Bull or bear depends on which way the wind is blowing in Canada today.

ok fine I'll stop posting alerts, your on your own, now be a good little bull and buy.

I don't trade, I'm only here for the LoLz. 

me too, i just like being right, and being a hotdog about it.

[thoughtfan]

I mean peer-to-peer system like in BitTorrent and Bitcoin. If we could have an exchange connected to the conventional banking system build on a decentralised infrastructure it would be impossible to shutdown.

I think I'm getting you here - and if I have and this is new might it be more appropriate to have a new thread somewhere like projects to discuss this?

So are we talking about an open source p2p system with something like a distributed blockchain whereby I download the client that uses something like UseMyFunds to log into my bank account.  If I'm selling my fiat the client verifies I have the funds available and places the order on the p2p exchange.  Likewise if selling Bitcoin I give an address that the client verifies with the Bitcoin blockchain.  The client displays the orderbook with everybody's orders as if it were a private central-server-based exchange service and transfers Bitcoin and fiat between accounts and addresses when a transaction is made.  All the banks see are free personal transactions between bank accounts and need have no idea what it was for

It would require a substantial amount of trust but I sort-of see that as potentially working.