Wall Observer - MtGoxUSD wall movement tracker

[420]

weekend dip came early

[Spaceman_Spiff]

Down...

Meh, its only down a little.  We could be plateau-ing here for a bit before we move up again.  
I think its likely we'll have support at $19.5.  If not there then $17.7, but I don't think we'll go that low.

[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...

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...

I think I'm a lttle confused about the term "market cap". There are no "shares outstanding". Can this term be used in forex?

 http://www.investopedia.com/terms/m/marketcapitalization.asp#axzz2Ji2ICo2Q

[Spaceman_Spiff]

I think I'm a lttle confused about the term "market cap". There are no "shares outstanding". Can this term be used in forex?

I don't think it is an official term, but it is being used to describe 'BTC price' * 'BTCs in circulation'.
Its like looking at the value of the monetary base of a currency in terms of another currency (here BTC to USD)

[lebing]

Always drops on thursday/friday before starting to pick up saturday night

[adamstgBit]

its going to rain coins all month! 

[keewee]

I observe some walls      They weren't there earlier....

[oakpacific]

Ever since I started trading Bitcoins, I began to like Monday more than weekends.

[smoothie]

I observe some walls      They weren't there earlier....

I guarantee you they are 100% fake. If eaten into they will disappear.

Wouldn't doubt it's pussyat30.

[DoomDumas]

last chance to sell above 20!   

Correction : Too late for those who did'nt buy under 20$ !

Want to buy some ?  Do it quick before it reach 40 forever !!!

[DoomDumas]

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 

Inflation ?   actual CPI calculated of inflation in terms of the 1980's CPI calculation ?  (it so different !!!)

[DoomDumas]

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...

Whan speaking of bitcoin, is deflation a more appropriate term ?  IMO, Bitcoin are in deflation, not inflation !  I'm I wrong ?  if yes,, why ?

[DoomDumas]

its going to rain coins all month! 

Rain coin ?

Why more than usual.. maybe some more because of Avalon, less than a month, Diff will adjust, and no more coin/week as before..

The upward presure due to havling is still in effect !

[keewee]

[the joint]

I'm liking the overlap in the order book.

[420]

Last price:$19.76100 High:$21.10000 Low:$19.73100 Volume:54055 BTC Weighted Avg:$20.51008

[keewee]

10,000btc dump...

[420]

what an alternative to clark moody?


Last price:$19.26514 High:$21.10000 Low:$19.20000 Volume:59298 BTC Weighted Avg:$20.41387

[oakpacific]

Keep in your mind, whenever you panic sell, you are giving us arbitragers a good chunk of your fortune.

[keewee]

18.xxxxx