Wall Observer - MtGoxUSD wall movement tracker

[naima53]

31 * 5 = 155

What's the point?

Stop the rally - it's a time when buyers and sellers find a compromise when psychologically be ready to make a deal. I humbly think that the price increase in 2 times - it is psychologically "comfortable" price.

[1714173261]

1714173261

[elux]

Dun dun dun!

[imanikin]

#
Stop the rally - it's a time when buyers and sellers find a compromise when psychologically be ready to make a deal. I humbly think that the price increase in 2 times - it is psychologically "comfortable" price.

If the IRC prediction was true, "they" were going to stop it at 55 today. So, it probably just overshot the target when the sideliners bought back in. 

[Mushoz]

People selling right now must have balls of steel.

No. They're just unapologetically stupid. 

I apparently need to repeat myself.  If you sell below $60 you need a trip back to the 3rd grade and work on your primary school degree.

"Captain, we just saw people willing to buy at $62."

"Well shit, sell at $55!"

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

[arklan]

When you guys inevitably decide to get together and feast on 1 BTC worth of pizza rolls, please invite me.

If I ever attend any sort of Bitcoin meetup or whatever, I'll be sure to do that!

i sure hope there's a LOT of people present...

[humanitee]

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

Really? Because it's back at $57.73. They could have already sold for more.
I'm pretty tired of people comparing this to 2011.

Keep being long bullbro.

[mccorvic]

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

Really? Because it's back at $57.73. They could have already sold for more.
I'm pretty tired of people comparing this to 2011.

Keep being long bullbro.

That's pretty much my sentiment too. 

Even though I'm super bull, my predictions are practically bearish to the outcomes.  And if you sold for $30 because you wanted to buy a house with your proceeds, then cool. No one cares outside of us being happy for you.

What we ARE mocking are people like fcmatt and Proudhon (assuming he's just not engaging in some sort of long-run performance art) who sold because "This is the top and a bubble and lol better sell!" over and over and are wrong. 

We are mocking people who post "Good thing I sold at $30 because there's no way it'll ever get higher" and then are wrong and get all butt hurt and try to somehow rewrite history to say they were in the right somehow.

[Mushoz]

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

Really? Because it's back at $57.73. They could have already sold for more.
I'm pretty tired of people comparing this to 2011.

Keep being long bullbro.

I agree with you in that I also think that it's different this time from 2011, however, that doesn't mean other people can't have different opinions and views. No need to make fun of them, some people honestly think this is the top, and eventhough I think they are wrong, I can't blame them for thinking that. Remember 2011: the first day above 30 also closed below 30. Yet the day afterwards it went back above 30 before finally crashing down. If the same thing is happening right now, selling might not be such a bad idea.

[Mushoz]

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

Really? Because it's back at $57.73. They could have already sold for more.
I'm pretty tired of people comparing this to 2011.

Keep being long bullbro.

That's pretty much my sentiment too. 

Even though I'm super bull, my predictions are practically bearish to the outcomes.  And if you sold for $30 because you wanted to buy a house with your proceeds, then cool. No one cares outside of us being happy for you.

What we ARE mocking are people like fcmatt and Proudhon (assuming he's just not engaging in some sort of long-run performance art) who sold because "This is the top and a bubble and lol better sell!" over and over and are wrong. 

We are mocking people who post "Good thing I sold at $30 because there's no way it'll ever get higher" and then are wrong and get all butt hurt and try to somehow rewrite history to say they were in the right somehow.

I'm sure missing out on the recent rises is already bad enough for them, no need to mock them Let's keep it friendly

[humanitee]

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

Really? Because it's back at $57.73. They could have already sold for more.
I'm pretty tired of people comparing this to 2011.

Keep being long bullbro.

I agree with you in that I also think that it's different this time from 2011, however, that doesn't mean other people can't have different opinions and views. No need to make fun of them, some people honestly think this is the top, and eventhough I think they are wrong, I can't blame them for thinking that. Remember 2011: the first day above 30 also closed below 30. Yet the day afterwards it went back above 30 before finally crashing down. If the same thing is happening right now, selling might not be such a bad idea.

I really don't disagree with you. Going over $62 is not guaranteed. I just thought sellers were being a little emotional selling after a $7 drop had already taken place. They were just hoping for some more down action to take profits on when the downmove was almost finished. We definitely overextended for a moment, but after the $7 drop I was lol'ing at their bear hopes.


The way they run to the bottom reminds me of some Carlin:

[about businessmen] They don't even trust each other. They don't trust one another. When a businessman sits down to "negotiate a deal", the first he does is to automatically assume that the other guy is a complete, lying prick who's trying to fuck him out of his money. So he's got to do everything he can to fuck the other guy a little bit faster and a little bit harder.

[TomRado]

I really don't disagree with you. Going over $62 is not guaranteed. I just thought sellers were being a little emotional selling after a $7 drop had already taken place. They were just hoping for some more down action to take profits on when the downmove was almost finished. We definitely overextended for a moment, but after the $7 drop I was lol'ing at their bear hopes.

I think there isn't any bear hope behind those motions. Bots see a high spread and volatility and try to make a profit. Why not sell at 56 when you can buy back in at 55? That's +EV. I believe there might be quite a few people around that made more than 52->60 today.

[Mushoz]

I really don't disagree with you. Going over $62 is not guaranteed. I just thought sellers were being a little emotional selling after a $7 drop had already taken place. They were just hoping for some more down action to take profits on when the downmove was almost finished. We definitely overextended for a moment, but after the $7 drop I was lol'ing at their bear hopes.

I think there isn't any bear hope behind those motions. Bots see a high spread and volatility and try to make a profit. Why not sell at 56 when you can buy back in at 55? That's +EV. I believe there might be quite a few people around that made more than 52->60 today.

Not to mention those sells near the bottom were most likely 30 minutes old anyway. Gox lag

[rebuilder]

Not to mention those sells near the bottom were most likely 30 minutes old anyway. Gox lag

The lag didn't seem anywhere near that bad this time.

Anyway, sometimes people just want to cash out a bit. 50+ USD per bitcoin probably seems like a good point to sell a few if you bought in, say, end of 2010 or thereabouts.

[Herodes]

Not to mention those sells near the bottom were most likely 30 minutes old anyway. Gox lag

The lag didn't seem anywhere near that bad this time.

Anyway, sometimes people just want to cash out a bit. 50+ USD per bitcoin probably seems like a good point to sell a few if you bought in, say, end of 2010 or thereabouts.

Or if you bought at yesterday, woke up today and see the price is over 50, probably some folks would be happy with that profit and sell out.

[robocoin]

Anyway, sometimes people just want to cash out a bit. 50+ USD per bitcoin probably seems like a good point to sell a few if you bought in, say, end of 2010 or thereabouts.

Or if you bought at yesterday, woke up today and see the price is over 50, probably some folks would be happy with that profit and sell out.

People get those religious feelings about money here, don't touch them at the wrong place. lol  Always pretend to hold, or some Bitcoin Hitler will kick you.

[mccorvic]

People get those religious feelings about money here, don't touch them at the wrong place. lol  Always pretend to hold, or some Bitcoin Hitler will kick you.

Bitcoin Hitler won't need to kick you, as those who sell low will just be kicking themselves.

[ineededausername]

People get those religious feelings about money here, don't touch them at the wrong place. lol  Always pretend to hold, or some Bitcoin Hitler will kick you.

Bitcoin Hitler won't need to kick you, as those who sell low will just be kicking themselves.

+1

[Ozymandias]

People get those religious feelings about money here, don't touch them at the wrong place. lol  Always pretend to hold, or some Bitcoin Hitler will kick you.

Bitcoin Hitler won't need to kick you, as those who sell low will just be kicking themselves.

What if those people ARE Bitcoin Hitler? The plot thickens...

[robocoin]

People get those religious feelings about money here, don't touch them at the wrong place. lol  Always pretend to hold, or some Bitcoin Hitler will kick you.

Bitcoin Hitler won't need to kick you, as those who sell low will just be kicking themselves.

What if those people ARE Bitcoin Hitler? The plot thickens...

I feel busted 

[mp420]

Damn it. My emergency intra-day spike catcher ask was missed by 2 cents.

Might as well remove it now.