Wall Observer - MtGoxUSD wall movement tracker

[adamstgBit]

bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...

we could very well see 1000$ bitcoins b4 the end of the year.

Uh oh. Are you becoming slightly bullish? I guess I need to sell my bitcoins now!

lol. I could see triple digits in 1-2 years, but four digits?! That's still two orders of magnitude away.. let's not get ahead of ourselves.

if bitcoin is viewed as a new commodity / money, anything is possible....

[ElectricMucus]

If anything Adam has consistently exaggerated his targets, whenever bullish or bearish.

[adamstgBit]

http://arstechnica.com/business/2013/02/bitcoin-reaches-an-all-time-trading-high-of-over-33/

now bearish adam would say, this news will inform poeple that bitcoin is at its peak again and its time to sell.

but new bullish adam will say! today is day 1 people... GO!GO!GO! 

[humanitee]

Watching that escalate was really spectacular.
What happens this weekend?

[bitcoinBull]

Watching that escalate was really spectacular.
What happens this weekend?

Dip. Then new money the following week.

[Cubic Earth]

I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.

[humanitee]

[oakpacific]

Let me see if I can get it right, Adam:"Oh, I lost the bet, fuck it was so close! Adding insult to the injury is that I panic sold at $25.5, now all my play money is gone! Bitcoin, why are you so cruel to me? Wait for it, I still get some bitcoins in my paper wallet right?  So maybe someday the price will go to $1000/BTC then I will be.......RICH!!! YAY!! Fuck that bet, I am gonna turn bullish and scream 'BUY! BUY! BUY!' from now on! "

[bitcoinBull]

Thanks, caught that too. He moved it to $38.00, about 2.5k BTC.

[solex]

i sold out to the highest bidder, i lost my bet, whats done is done... i can't take it back and theirs no use being in denial anymore.

 bitcoin is being is now being priced by real big shot investors.

we will continue to move up... 50$ is a given 100$ is inevitable and 1000$ is the target    

Spoken like a true perma-bull.
Welcome to the herd.

[molecular]

Congratulations gentlemen, we've just broken the Bitcoin all-time high.

wooohooooo. I just got up... what a nice morning.

Also, I think adams account got hacked, he's talking bullish.

[Beta-coiner1]

DING DING DING I LOSE!!!!!!

fuck soooo close...

.....But you didn't say Uncle!

On hitting over $33,That is just insane.We need a shuttle pic with bullhorns on the front,lol.

[MoonShadow]

I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.

Wouldn't be to test market depth.  That's a visable metric.

[MoonShadow]

bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...

we could very well see 1000$ bitcoins b4 the end of the year.

Part of it might be that the early investors you speak of are all but cashed out.  I'm pretty close, and most of mine was gone around $1.  I never expected this level of adoption, not even back when it was 6 cents each; so I had been spending my stash the entire way.  Granted, there is no way that I could actually have *lost* value after a certain point, even if the coins I had left went to zero; but if I'm all but busted, who else is?

[poly]

Part of it might be that the early investors you speak of are all but cashed out.

Source to back up your generalizing statement?

[Cubic Earth]

I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.

Wouldn't be to test market depth.  That's a visable metric.

Perhaps then to test if the visible metric could accurately predict the price change of a given (LARGE) sized inflow, structure in a particular way?

[oakpacific]

Part of it might be that the early investors you speak of are all but cashed out.

Source to back up your generalizing statement?

I would not say "all", but definitely they freaked out quite a bit: http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[robocoin]

bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...

we could very well see 1000$ bitcoins b4 the end of the year.

Part of it might be that the early investors you speak of are all but cashed out.  I'm pretty close, and most of mine was gone around $1.  I never expected this level of adoption, not even back when it was 6 cents each; so I had been spending my stash the entire way.  Granted, there is no way that I could actually have *lost* value after a certain point, even if the coins I had left went to zero; but if I'm all but busted, who else is?

How I wish I had known about Bitcoin when you did. I didn't learn about it much later, but my story is the polar opposite of yours. If I'm still all in, who else is?

I'm not trying to troll, just offering a different point of view to the "all but cashed out" option.

In my view its like today. If I tell you now that 1BTC will be worth 1000$ within 2 years, you might lol at me. Same thing for the guys in 2010 when they said something about 10$... A run to 50$, 100$... will let more EAs or even investors from nowadays, "cash out".

[robocoin]

In my view its like today. If I tell you now that 1BTC will be worth 1000$ within 2 years, you might lol at me. Same thing for the guys in 2010 when they said something about 10$... A run to 50$, 100$... will let more EAs or even investors from nowadays, "cash out".

LOL! Only $1000? Ha, good one!

Only 3125% from here

[Cubic Earth]

Someone is making MtGox Live dizzy again!  There were many small buys in quick succession.  I think we are seeing some new kind of HFT testing out the system (just a guess).



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