Wall Observer - MtGoxUSD wall movement tracker

[cypherdoc]

Darn it.   I'm trying to sleep. 

[1713527169]

1713527169

[1713527169]

1713527169

[1713527169]

1713527169

[1713527169]

1713527169

[1713527169]

1713527169

[oakpacific]

What the fuck bitcoin, you don't want to give me some rest during the Spring festival?

[oakpacific]

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

[Savior]

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

[Liquid]

[420]

Let it be known; at this point in time:

Last price:$23.45013 High:$23.40000 Low:$22.24401 Volume:37482 BTC Weighted Avg:$22.69523


Blocks   220341
Total BTC   10.759M
 
Difficulty   3275465
Estimated   3387167 in 1419 blks
 
Network total   23.014 Thash/s
Blocks/hour   5.89 / 611 s

[proudhon]

This is going to turn into another disaster.

[World]

btw,February 9th, 2011 first time Bitcoin / USD parity   amazing

[hazek]

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

Hahahah that's funny!

[molecular]

This is going to turn into another disaster.

for whom?

[molecular]

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

Hahahah that's funny!

And true.

[proudhon]

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid.  I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase.  I'm just mentally preparing for the whole project to get set back another couple years.

[S3052]

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

Hahahah that's funny!

And true.

in downtrends, it is not wise to catch the falling knife
in uptrends like we are in now, it is not wise to try and stop the launched rocket

[molecular]

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

Hahahah that's funny!

And true.

in downtrends, it is not wise to catch the falling knife
in uptrends like we are in now, it is not wise to try and stop the launched rocket

So true. And the hardest thing about trading is: doing nothing.

[thoughtfan]

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

[proudhon]

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

Very close.  I sound like this, though.

[oakpacific]

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid.  I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase.  I'm just mentally preparing for the whole project to get set back another couple years.

OK but why should you care since you have proclaimed its death more than a year ago?

[molecular]

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid.  I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase.  I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

But go ahead, proudhon, try to catch that rocket

[Spaceman_Spiff]

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

Very close.  I sound like this, though.

Haha, I love Eeyore !  He is such a nice character despite his gloominess.

[proudhon]

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid.  I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase.  I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

But go ahead, proudhon, try to catch that rocket

That's an encouraging thought, I'll give you that.  It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out.  But, maybe I've lost sight of bitcoin's appeal.