Wall Observer - MtGoxUSD wall movement tracker

[adamstgBit]

lol wtf
https://www.youtube.com/watch?v=q_3GFtFY3uU
the end is good. 

[420]

lol wtf
https://www.youtube.com/watch?v=q_3GFtFY3uU
the end is good. 

haha

austin powers

[GoWest]

lol wtf
https://www.youtube.com/watch?v=q_3GFtFY3uU
the end is good. 

When I was insolent I was placed in a burlap bag and beaten by seals... with clubs!

[notme]

Adam, just hit the buy button! 

no, I have absolute confidante in bitcoin ability to out of the blue crash down 10-30% 

I had over BTC1000 the fist time we passed $2.  Now I'm so happy to have over BTC100.  I won't be making the same mistakes again.

[420]

2.5k sell order removed

[thefiniteidea]

[420]

market cap new high

i dont think new buyers would think of that

how is that resistance?

[ElectricMucus]

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation 

[robocoin]

This data doesn't show how much fiat is actually spend on Bitcoin. You can't use this statistic for anything. There were simply a few million less Bitcoins available in 2011...  There are 10,728,725 BTC mined atm and the pseudo market cap is calculated by multiplying it with the current price. So its for the lulz. With money from different exchanges, BTC-OTC and private exchanges you can't really see how much Dollars and Euros are flooding in. We could guess. I guess its less than 200 mio USD.

[adamstgBit]

last chance to sell above 20!   

[420]

last chance to sell above 20!   

you ass

[thefiniteidea]

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation  

Oh, and its a big deal for you guys mostly, at least it should be... not so much the average buyer. They could care less about technical indicators like this.

But you know what else is real interesting? The DJIA index has been making new highs lately. Right now, it's at around 14,000.

But is it really making new highs?

Pulled from http://home.earthlink.net/~intelligentbear/com-dj-infl.htm




Not even god damned close... the sham of inflation 

[oakpacific]

Adam, just hit the buy button! 

no, I have absolute confidante in bitcoin ability to out of the blue crash down 10-30% 

How conservative you have become! Where are my $12.5 bitcoins?

[robocoin]

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

market cap new high

i dont think new buyers would think of that

how is that resistance?

that'll be an interesting explanation  

Oh, and its a big deal for you guys mostly, at least it should be... not so much the average buyer. They could care less about technical indicators like this.

But you know what else is real interesting? The DJIA index has been making new highs lately. Right now, it's at around 14,000.

But is it really making new highs?

Pulled from http://home.earthlink.net/~intelligentbear/com-dj-infl.htm

[img]http://home.earthlink.net/~intelligentbear/dj-lt-infl.gif
[img]http://home.earthlink.net/~intelligentbear/dj-compare-1964-1984.gif

Not even god damned close... the sham of inflation  

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

[thefiniteidea]

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

Bitcoin price in USD X amount of Bitcoins in circulation. Pretty simple. What's not to understand?

Calculating Bitcoin inflation is easy. We have the data right in front of us. Calculating USD inflation is much harder, sure, but thats not what we're talking about.

Also, don't really understand why you're suggesting that I need to create a chart when Blockchain.info already has... like I said, it's pretty simple...

[Spaceman_Spiff]

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

inflation adjusted bitcoin market cap = btc price, no?
I think the market cap is a good thing to look at.  Probably the best way to judge bitcoin is something between btc price and market cap.

[thefiniteidea]

Think of it as looking at a BTC price chart adjusted for inflation against USD.

So essentially, what you're looking at is the real value of Bitcoin hitting the all-time high of 2011, relative to USD.

Remember, Bitcoin does inflate.

This gives you a better indication of the actual, real, inflation-adjusted value of BTC at the moment, as opposed to the nominal price of about $20.00 USD currently.

Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it.

I think that's kind of a big deal... like breaking through the all time high of $31.00/BTC here...

I get your point, but why don't you create a inflation adjusted Bitcoin market cap graph?
"Basically, Bitcoin is as at least as valuable as it was at the high in 2011, and looks like it is even beginning to surpass it." So check your inflation statement against it. Nethertheless do you even understand blockchain.info's market cap graph? Its for the lulz. And you try to get serious on it.

inflation adjusted bitcoin market cap = btc price, no?
I think the market cap is a good thing to look at.  Probably the best way to judge bitcoin is something between btc price and market cap.

BTC market cap, in USD = BTC value adjusted for BTC rate of inflation, in USD

It's not the exchange rate, or the "price", in USD. But it does display value more accurately, rather than the exchange rate.

In my opinion, value is way more important than price when it comes to trading. Which is why I focused on it here.

To answer your question, spaceman, yes lol and I agree that price is relevant as well. Especially even numbers 10, 20, 100...

[420]

The Link:

https://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[keewee]

Down... been a bit of selling today, wonder what the weekend will bring?

[oakpacific]

The spread is quite big.