Wall Observer - MtGoxUSD wall movement tracker

[Stapleddiet]

I hope someone comes along soon and takes the market off them with all the trimmings a big exchange needs for the upcoming big players, Trade Hill maybe?

The other thing we need is an easier way for new U.S. investors to get started.  Coinbase would be a great service if it worked.  All they ever say is, "Sorry, Coinbase has reached its maximum number of bitcoin purchases for the moment. Please try again later. We'll continue raising this limit over time."  If your're willing to keep trying the button hour after hour, they might eventually allow you to buy 10 BTC per day.  Whoopee.

Sending international wire transfers to Japan is too expensive, both in time and money.  Dwolla takes forever to set up, limits the size of your transfers, and is down today due to Dos attack.  Other services seem to charge ridiculous fees, if they accept USD at all.  

Why all the entry barriers?

I've been trying to buy bitcoins for weeks with very limited luck.  Can someone tell me a good way to get USD to some exchange where I can actually buy some serious bitcoin?

One thing that's stopping the growth of Bitcoin is how difficult it is to actually buy them!

I live in country Australia where people are not overly interested in Internet things, at least the people I know. It has been easy for me to get money in and out of Gox, its the constant lagging they have that worries me. As far as other exchanges go I worry some about them from the hacks and losses of the last 2 years, Gox seems to have got their act together.
Good luck with getting your BTC, hope it all works out for you, I cant give advice on how to's in the States.

[smoothie]

It seems the USD vol @ end of play was a record breaking

$12,257,633.95

That was a massive amount spent by the bears to get us to....

...not far off where we were this morning!



Night all - and thanks for all the fish

You could also say that people spent $12,257,633.95 to end up below the price we were at earlier.

In other words, what you just said is a biased pile of horse shit and doesn't mean fuck all.

LOL someone is emotional about the bitcoin price rise. hahaha ^

[Richy_T]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

[thoughtfan]

It seems the USD vol @ end of play was a record breaking

$12,257,633.95

That was a massive amount spent by the bears to get us to....

...not far off where we were this morning!



Night all - and thanks for all the fish

You could also say that people spent $12,257,633.95 to end up below the price we were at earlier.

In other words, what you just said is a biased pile of horse shit and doesn't mean fuck all.

In contrast to yours which is full of knowledge-based wisdom of course

What's with the aggression?!  It's just another point of view.  I've tried a number of times to ask you and the couple others on your trip to substantiate what you're talking about but no, you'd rather ignore those posts and just spout more vitriolic bollocks.  WTF?!

[TsuyokuNaritai]

What. The. Actual. F*ck!



Can't believe I missed all the fun! 

[solex]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

I think this behavior is evidence that the distribution of coins is still skewed towards a few hundred early adopters who had the foresight to stockpile. After every major climb some cashing out is done. This is encouraging though:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

[TsuyokuNaritai]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff.

I'm guessing it's just because whenever USD falls sharply against BTC, no-one panics that USD might be falling to zero by the end of the day.

[BitcoinTip]

Hello. I see that you've predicted that the $/btc will be less than $50 in two weeks. You seem like a very intelligent man. Would you like to make a small bet with me?

How about a large bet?

[S3052]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

I think this behavior is evidence that the distribution of coins is still skewed towards a few hundred early adopters who had the foresight to stockpile. After every major climb some cashing out is done. This is encouraging though:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

can you or someone else explain what "bitcoin days destroyed" really means? for a non tech , non geek, please :-)
thanks

[notme]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

I think this behavior is evidence that the distribution of coins is still skewed towards a few hundred early adopters who had the foresight to stockpile. After every major climb some cashing out is done. This is encouraging though:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

can you or someone else explain what "bitcoj days destroyed" really means? for a non tech , non geek, please :-)
thanks

No, I can't explain it to someone completely nontechnical, but I can probably explain it to you.

For each address, calculate the amount received * the number of days that have passed since it was received.

Sum this up for each address and you have "bitcoin days".

When a bitcoin is sent, it resets the bitcoin days to zero.

Sending 1 bitcoin that was received 100 days ago, and 100 bitcoins that were received 1 day ago will each destroy 100 bitcoin days.

Bitcoin days destroyed, especially with a minimum age filter, is a good indicator of when coins move from long term storage.

[oakpacific]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

I think this behavior is evidence that the distribution of coins is still skewed towards a few hundred early adopters who had the foresight to stockpile. After every major climb some cashing out is done. This is encouraging though:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Why don't you check the all-time chart? At this price the recent peak values should have been way higher than the 2011 peaks, but the truth is the opposite.

[thoughtfan]

I think it's interesting that we see these flash crashes but not so much the opposite, the price running up crazy followed by a rapid return to normal. I'm sure it means something, probably about psychology & stuff. If I believed in TA, I might name it something and spout some mumbo jumbo...

I think this behavior is evidence that the distribution of coins is still skewed towards a few hundred early adopters who had the foresight to stockpile. After every major climb some cashing out is done. This is encouraging though:
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

can you or someone else explain what "bitcoin days destroyed" really means? for a non tech , non geek, please :-)
thanks

My understanding is it's a metric to show how much bitcoin that has been sat in the same address for over a year has moved.  The longer it has been sat dormant the bigger the impact it has on the chart.  So lots of activity on the chart indicates a lot of 'old money' is coming into play implying distribution

[ineededausername]

Depth to $70 back up to what it was before the crash

Suck it bears!

[oakpacific]

Bears, what's the problem? Do you mean instead of a 1/3 retracement, we'll have to settle for a 1/4 retracement? Come on, try harder, my fiats are ready, but not ready for such gimmicks?

[mccorvic]

Maybe the dumpers have some big Easter plans and wanted to empty their rectums before they leave???

[ineededausername]

"Better sell 20k BTC all at once to cause a panic, since it worked the last 5 times." :bearlogic:
"Better sell at $78 because crashes never rebound." :bearlogic:
"Better sell at $90 now that it's up here again, because this is just another bulltrap.  This time is different from the last 5 times!" :bearlogic:

[BitcoinTip]

Hello. I see that you've predicted that the $/btc will be less than $50 in two weeks. You seem like a very intelligent man. Would you like to make a small bet with me?

How about a large bet?

How much is large?

Would 20 btc  each be large enough?

I'm in. Signed and sealed.

See you on April 12th.

[simonk83]

Hello. I see that you've predicted that the $/btc will be less than $50 in two weeks. You seem like a very intelligent man. Would you like to make a small bet with me?

How about a large bet?

Go on, I'm listening.

[adamstgBit]

Hello. I see that you've predicted that the $/btc will be less than $50 in two weeks. You seem like a very intelligent man. Would you like to make a small bet with me?

How about a large bet?

How much is large?

Would 20 btc  each be large enough?

I'm in. Signed and sealed.

See you on April 12th.

omg lol!

this is a joke right?

[keewee]