Wall Observer - MtGoxUSD wall movement tracker

[Gabi]

Well it only moved the price from 34 to 33, only two hours ago. The price didn't notice that

[pinger]

I think normal Wall Street games doesn't work on the Bitcoin side. At least until more Wall Street players starts investing in Bitcoin.

[mccorvic]

I told you so...

What was it you were saying...?

Don't worry, he'll say that he predicted this too.  He does, after all, have magic on his side.

[420]

can't tell if i profited or lost in that trading...hitting so many buttons...

probably broke even.

[creativex]

Coinbase is bought out for the day.

[mccorvic]

can't tell if i profited or lost in that trading...hitting so many buttons...

probably broke even.

The fact that you were able to do anything with the goxxing/lag/whatever is impressive.

[The Fool]

Coinbase is bought out for the day.

Actually they are down for maintenance.

[420]

the storm before the calm

more people may dump now

but more people will be ready to buy up cheaper coins on the dumps...

a coincidence btc-e just re-opened their usd bitinstant deposits right before this?

[thoughtfan]

I think normal Wall Street games doesn't work on the Bitcoin side. At least until more Wall Street players starts investing in Bitcoin.

I was thinking about this earlier after reading the coinlabs news.  The thing is, before Wall Street players can start playing these games with sums on another scale even to what we saw just now they will first have to acquire the Bitcoins to do it.  So unless they've been gradually building up BTC reserves by the time we see them up to their tricks I'm guessing both liquidity and price will be somewhere quite different to what it is today - and therefore able to handle it just as the market just handled this little episode

[ajk]

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3rd or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

[Herodes]

The price is like a fucking rubber band, stretch it either way, and it bounces right back to whereever it was at.

[cheat_2_win]

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3 or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

I cannot agree with you more.

[Chalkbot]

The price is like a fucking rubber band, stretch it either way, and it bounces right back to whereever it was at.

Unless you stretch it upward, it would seem.

[420]

the bids are weak down to the mid 30.XX

Last price:$33.04854 High:$34.51541 Low:$30.90120 Volume:123915 BTC Weighted Avg:$32.59470

what i mean is could be start of new short downtrend maybe a week long. but maybe not


but maybe so

but maybe now

but maybe so

who knows

[BitcoinBA]

MtGox should get some serious hardware... one dump and everything freezes... still can not see Live graph...

[NamelessOne]

I dont know about more sell offs.

we just saw one on a massive scale and we are already recovered from the price,

chalk this up to another win with bitcoin because this is like the 3 or 5th sell off that we've immediately recovered from

I am even doubtful since we are in new territory but when seeing stuff like that it boosts my confidence

40-50 in the next 3-4 months ?

I cannot agree with you more.

At the current rate 50 within two months seems possible.

[ajk]

just want to add this

when the Bid side is usually weak there isnt a sell off (no money to get maximum value), when the bid side is Super filled that is usually when I notice some big action moving

when the Ask side is usually strong there is usually big buys since there are alot of bitcoins sitting waiting to be scooped up,

this is just a observation from watching the price practically 24/7 with my other assets

[Gatekeeper]

I'm guessing it was the same person as yesterday, maybe SatoshiDice cashing out some profit.

Yesterday over 12k btc were dumped rapid style, and the same again today and the market barely notices, i think that's a fantastic thing, such a huge amount of coins have changed hands at $30+

[thoughtfan]

MtGox should get some serious hardware... one dump and everything freezes... still can not see Live graph...

Another reason I don't day trade.  In the critical moments when info needs to be bang on up-to-date and the sequencing and matching of trades needs to be most reliable it gox falls down!  Well done to those of you who did manage to do a quick turnaround with both sells and buys at a price that gave you a profit but...

[cheat_2_win]

just want to add this

when the Bid side is usually weak there isnt a sell off (no money to get maximum value), when the bid side is Super filled that is usually when I notice some big action moving

when the Ask side is usually strong there is usually big buys since there are alot of bitcoins sitting waiting to be scooped up,

this is just a observation from watching the price practically 24/7 with my other assets

That makes perfect sense from both buyers and sellers side.