Wall Observer - MtGoxUSD wall movement tracker

[rpietila]

What do you guys think about the evacuation of that big wall from 48.20 to 49.98?

I wish it could be eaten, it's ridiculous to have someone putting out a mere 10,000 BTC messing with the market like that.

I volunteer to buy it. Will pay $475 000. Terms: can be paid according to my choice in USD bank wire, or gold and silver at market value on settlement date (spot price + 5% fabrication charge because it is in investment products).

Both parties escrow $25 000 with a reputable old world agency.

The BTC and (mostly) silver will change hands in smaller increments so that there is no fraud risk.

Anyone?

ADD (edited): This is a preliminary non-binding proposal. If you are interested, PM me. I hope we could lock-in the price now and arrange the delivery of metals in 2 weeks time. I also have a bank vault in Estonia where some of the metal is currently. www.silverbank.net. If you don't want to take delivery of all of it just yet, it can stay in the vault until you are clear, or you can just become our depository customer. Note: I'm offering this silver up to 8% cheaper than the current market value in Estonia and 12% cheaper than that in Finland. If you prefer Euro to USD, that is even easier for me. Approximately 1/3 or half of the price would be in cash and the rest in metals.

[1714790480]

1714790480

[1714790480]

1714790480

[molecular]

Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?

Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point?

Ok, speculation-time:

What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them?

Hedge-fund? in Malta?
Are you serious?
"bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?"

NO.

Lol

I suppose they don't have  even one bitcoin
It must be just an other Maddoff.
Definitely e scam IMO.

Care to explain how you arrived at this conclusion? Your supposing they don't even have a single bitcoin doesn't have any substance without any sort of explanation.

[Jaques]

Over $5 mil in visible orderbook.

Could you (or anyone who has the data) please make a graph that shows:

  (total_bid / total_ask) vs. time

and overlay that with a price graph?

It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop.

THIS ... +10
(i was looking for something like that but never asked...)

[ChiangYay]

Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?

Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point?

Ok, speculation-time:

What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them?

Hedge-fund? in Malta?
Are you serious?
"bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?"

NO.

Lol

I suppose they don't have  even one bitcoin
It must be just an other Maddoff.
Definitely e scam IMO.

Care to explain how you arrived at this conclusion? Your supposing they don't even have a single bitcoin doesn't have any substance without any sort of explanation.

I don't care to explain it's obvious!

 

[gimme_bottles]

lol

[rpietila]

lol

Um, just want to make sure I get the meaning... So it was the buyer that set the amount, right?

[gimme_bottles]

https://i.imgur.com/BdJhTiL.png

lol

Um, just want to make sure I get the meaning... So it was the buyer that set the amount, right?

yes, he bought 0.1337 BTC multiple times out of the walls at 47,49 and 47,50

[Herodes]

https://i.imgur.com/BdJhTiL.png

lol

Um, just want to make sure I get the meaning... So it was the buyer that set the amount, right?

yes, he bought 0.1337 BTC multiple times out of the walls at 47,49 and 47,50

Some child.

[Spaceman_Spiff]

Over $5 mil in visible orderbook.

Could you (or anyone who has the data) please make a graph that shows:

  (total_bid / total_ask) vs. time

and overlay that with a price graph?

It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop.

THIS ... +10
(i was looking for something like that but never asked...)

+1, does anybody know how to get the raw data?

I made a program to get the raw blockchain.info charts data by the way, if anyone is interested.  It was the first real program I have ever written, so the code might be ugly, but it works .

EDITED for clarity

[crazy_rabbit]

Over $5 mil in visible orderbook.

Could you (or anyone who has the data) please make a graph that shows:

  (total_bid / total_ask) vs. time

and overlay that with a price graph?

It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop.

THIS ... +10
(i was looking for something like that but never asked...)

+1, does anybody know how to get the raw data?

I made a program to get the raw blockchain data by the way, if anyone is interested.  It was the first real program I have ever written, so the code might be ugly, but it works .

'

By "Raw blockchain data" what do you mean? I would be interested.

[GeoRW]

A fast rise will undoubtedly lead to a correction eventually, that is clear. It would defy all market behaviour in history if it didn't. However, the 2011 situation was different. First of all, the rise was pretty much all hype based on the idea of this new cryptocurrency. There was no economy to speak of, except Silk Road that had just started. There were literally only a few Bitcoin companies in the whole world, and merchants such as Alpaca Socks accepting bitcoins. Then the hype went down, and security problems ran rampant within the community, leading to a total crash.

We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted online, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.

Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.

Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?

Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point?

Ok, speculation-time:

What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them?

looks like loaded and his customers to me.

[Spaceman_Spiff]

Could you (or anyone who has the data) please make a graph that shows:

  (total_bid / total_ask) vs. time

and overlay that with a price graph?

It would be interesting to see if it can be used a an indicator for future bitcoin price. I noticed that at the moment total_bid/total_ask = 56.9 BTC/USD (and slowly rising). This number is strikingly close to the bitcoin market price (and it is of the same dimension). It would be interesting to see a graph of historical values of that number, especially how it behaves during the times immediately before a major price drop.

THIS ... +10
(i was looking for something like that but never asked...)

+1, does anybody know how to get the raw data?

I made a program to get the raw blockchain data by the way, if anyone is interested.  It was the first real program I have ever written, so the code might be ugly, but it works .

By "Raw blockchain data" what do you mean?

I mean getting .csv data for any blockchain.info chart

[adamstgBit]

Its a long way down!

Sell now or panic later. 

[nimda]

Its a long way down!

Sell now or panic later. 

I was waiting on this. Now I can buy with peace of mind

[Wekkel]

Balloon is deflating... 

[Spaceman_Spiff]

Balloon is deflating... 

Are you looking at the same chart as me?

[Wekkel]

Balloon is deflating... 

Are you looking at the same chart as me?

You can never be too early (and it keeps the thread going).

[phatsphere]

THE END IS NEAR

[Beta-coiner1]

It seems to me at each end there is a new beginning.If there is a massive sell-off making the price very low [<10] I fully expect all bears to buy and transform into instant bulls,lol.

[molecular]

Now this one Hedge Fund or whatever they are (making bitcoin accessible to more traditional investors) bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?

Now theses dudes also offer to short bitcoin. What keeps a smart contrarian investor to use them to short the shit out of bitcoin at some point?

Ok, speculation-time:

What percentage of the rally was due to them, how many coins do they have and how hard would shit hit the fan should a customer of them borrow the coins and sell them?

Hedge-fund? in Malta?
Are you serious?
"bought themselves some coins (using 2.5 million USD). I don't know when they started the acquisition, but it makes sense it was in January, no?"

NO.

Lol

I suppose they don't have  even one bitcoin
It must be just an other Maddoff.
Definitely e scam IMO.

Care to explain how you arrived at this conclusion? Your supposing they don't even have a single bitcoin doesn't have any substance without any sort of explanation.

I don't care to explain it's obvious!
 

Are we feeling better now?

The world makes much less sense than you think. The coherence comes mostly from the way your mind works. [...] His System 1 constructed a story, and his System 2 believed it. It happens to all.