Wall Observer - MtGoxUSD wall movement tracker

[Wekkel]

What the fuck 's happening just now by the way? We're almost at $47.

I'm wondering if some bulls decided to run it all the way upto 50.

Seriously failed. No more new supply unless we take a dive. Orders ready below $40.

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[Technomage]

The scenario where this small correction was just a big bear trap is getting more likely. We have a rare Saturday rally going on which is a bullish sign. Next week is going to be very interesting.

[robocoin]

I don't sleep, I'm tired, I feel wired like codeine
These days, a brother gotta admire me from four fiends away
My pain, wish it was quick to see, from selling 'caine
'til brains was fried to a fricassee, can't lie
At the time it never bothered me, at the bar
Getting my thug on properly, my squad and me
Lack of respect for authority, laughing hard
Happy to be escaping poverty, however brief
I know this game got valleys and peaks, expectation
For dips, for precipitation we stack chips, hardly
The youth I used to be, soon to see a mill'in
No more Big Willie, my game has grown: prefer you call me William

[Bitobsessed]

If you want to get some cheap coins sell now.  Don't thank me later.

Hmm told ya so.

[Liquid]

[waspoza]

Over $5 mil in visible orderbook.

[waspoza]

nice chart, source?

http://www.bitcoinx.com/charts/

[naima53]

Try to take the target 50. SierraChart video

[aurora]

What the fuck 's happening just now by the way? We're almost at $47.

I'm wondering if some bulls decided to run it all the way upto 50.

what bulls?. we all know that only insane buys now

[zkay]

What the fuck 's happening just now by the way? We're almost at $47.

I'm wondering if some bulls decided to run it all the way upto 50.

what bulls?. we all know that only insane buys now

It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

[Wekkel]

What the fuck 's happening just now by the way? We're almost at $47.

I'm wondering if some bulls decided to run it all the way upto 50.

what bulls?. we all know that only insane buys now

It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

Are you buying?

[aurora]

if it keeps going up it will be unheard of in history of markets

it seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

i'm not expecting correction, i'm expecting crash to where its all started

[humanitee]

LOL at people hoping for a crash. Must be either noobs with no perspective on Bitcoin history or silly bears bearin' it up.

I guess everyone keeps forgetting Coinbase is STILL selling out and Coinlab opens officially in 13 days.
Once those fake walls come down, see you later!

[rpietila]

It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

Are you buying?

Okay, I fold. I was anyway thinking of increasing my BTC stash by about $50000. Then came the correction and I was salivating at the idea of being able to buy at $30-$35. I didn't sleep at night, just waiting and waiting and spreading FUD...

Then it started going back up from $45. If you look at the daily chart, there is no correction. Just going up and up. Of course there will be dips and some day there will be crash for sure. The dips, such as the one two nights ago, will take us back maybe 3 days' worth of gains. The crash will nullify the gains of maybe latest 1-2 months (like the one in 2011 did).

If you know what we all know, it makes pretty little sense to do anything except all in (leave enough in silver that you can live comfortably if BTC goes to 0, of course). I am planning to do just that in the coming weeks and I still hope for $30-$35. Today was the deciding factor - up until today I thought there is some coins in the bears' hand that they can sell. Today I realized that the number of bears increased just because more and more people that speculatively sold already, and USD is now burning in their hands. BTC is going up long term for sure. The bears will buy back or be forgotten.

Sorry fella bears that I put the buy orders there. My friend told that I will hurt the ability to buy, if you show it, but I don't know how to use bots

Sorry also for the mini runup. I was panicking

[crazy_rabbit]

if it keeps going up it will be unheard of in history of markets

Depends on how long you mean. If it goes up till it gets to 1000USD per going and then crashes to 500USD you'll be right, and I'll still be happy.

[zby]

if it keeps going up it will be unheard of in history of markets

Because of what?

There is no shortage of bubbles (or however you call it) in the history of markets.  They all have corrections - and the point is that you never know where in the cycle you are.  Personally I am betting that this is just the beginning.

it seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

i'm not expecting correction, i'm expecting crash to where its all started

Aha - why?  Last time in 2011 it did not crash to where it started - why now?

[crazy_rabbit]

It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?

Are you buying?

Okay, I fold. I was anyway thinking of increasing my BTC stash by about $50000. Then came the correction and I was salivating at the idea of being able to buy at $30-$35. I didn't sleep at night, just waiting and waiting and spreading FUD...

Then it started going back up from $45. If you look at the daily chart, there is no correction. Just going up and up. Of course there will be dips and some day there will be crash for sure. The dips, such as the one two nights ago, will take us back maybe 3 days' worth of gains. The crash will nullify the gains of maybe latest 1-2 months (like the one in 2011 did).

If you know what we all know, it makes pretty little sense to do anything except all in (leave enough in silver that you can live comfortably if BTC goes to 0, of course). I am planning to do just that in the coming weeks and I still hope for $30-$35. Today was the deciding factor - up until today I thought there is some coins in the bears' hand that they can sell. Today I realized that the number of bears increased just because more and more people that speculatively sold already, and USD is now burning in their hands. BTC is going up long term for sure. The bears will buy back or be forgotten.

Sorry fella bears that I put the buy orders there. My friend told that I will hurt the ability to buy, if you show it, but I don't know how to use bots

Sorry also for the mini runup. I was panicking

I think you're absolutely right, and I've lost a lot of money too buying into the fear mongering. If I had bought at $32 two years ago I would STILL be ahead. I was thinking I was smart selling at $17 only to buy back in later.

Well I'm tired of that and I don't have the energy to arbitrage all night long and lose sleep over the rate. I've made my peace like this: I believe in Bitcoin and for it to be a success bitcoins are going to be worth a hell of a lot more then $50, so if I just keep buying whenever I can I will still come out on top in the end.

[Bitobsessed]

If you want to get some cheap coins sell now.  Don't thank me later.

Buy back now bro - those walls at 48.5 are not real.

ORLY?

[humanitee]

Really.

[justusranvier]

We have a rare Saturday rally going on which is a bullish sign.

There are no other markets quite like Mt Gox. All the major forex markets close at some point, while Mt Gox is open for trading 24/7, with participants from all over the world.

My guess is that as the traders on Mt Gox become more geographically diverse you'll stop seeing lulls in activity corresponding to weekends and the hours when North American and European traders aren't active.