Wall Observer - MtGoxUSD wall movement tracker

[oakpacific]

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

I am not sure, but the days destroyed metric is notoriously hard to interpret.  Supposedly all the "younger than 1 year" coins are filtered, and instawallet's old cold coins were less than 1 year old. http://blockchain.info/address/1FrtkNXastDoMAaorowys27AKQERxgmZjY

[1714149867]

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[1714149867]

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[1714149867]

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[1714149867]

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[oakpacific]

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

Maybe it's the money used to pump up LTC

Could be.

[chrsjrcj]

oakpacific, can you explain that?

He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say.

If we assume that these coins are the minimum age for that graph (exactly 1 year old), then we can do 16,000,000 days destroyed / 365 days = 43.8k coins moved!

If 43k BTC get dumped all at once, it would drop the price down to ~$85.


Bring on the fire sale!

[mccorvic]

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

This is my thought exactly

This is one of my favorite things about bitcoin.  It allows you to go sleuthing with pure data. I LOVE IT

Weren't they hacked and those coins are now in control of some blackhat hacker? If so, that doesn't bode well. What if he dumps?

https://bitcoin-central.net/

They're saying that the coins are safe.

[oakpacific]

oakpacific, can you explain that?

He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say.

If we assume that these coins are the minimum age for that graph (exactly 1 year old), then we can do 16,000,000 days destroyed / 365 days = 43.8k coins moved!

If 43k BTC get dumped all at once, it would drop the price down to ~$85.


Bring on the fire sale!

Though not sure whose coins these really are, the total amount should be no more than 40K, probably around 30K sans all the noise. Unlikely to crash the market even if all dumped, and amplified by a factor of 2 through some panic selling.

[cedus]

Thread is lagging bad! 890 vs. 1180. POST POST POST!

[DougTanner]

Of course, as I'm getting ready to unwind and head off to bed, the price starts to go up 

[BitcoinTate]

[BitcoinTate]

BTC China now at $137

[mccorvic]

BTC China now at $137

China goin' crazy for them bitcoins.

[oakpacific]

BTC China now at $137

China goin' crazy for them bitcoins.

Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.

[Beta-coiner1]

Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.

Hmmmm....I don't think so.

Check out the issue of government control on spending limits for Chinese citizens and gambling in Macau=Higher BTC pricing.

[oakpacific]

Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.

Hmmmm....I don't think so.

Check out the issue of government control on spending limits for Chinese citizens and gambling in Macau=Higher BTC pricing.

Well, actually it's very easy to obtain dollars for gambling, people here don't do things by the book.

[BitcoinTate]

Yesterday the high at BTC China was $113... for the past couple weeks Gox has been following BTC China a day later. I just cant image Gox hitting $137 tomorrow without a big sell off.

[mb300sd]

Whats the volume on btcchina? Can't seem to find it, I have it on english, but half the site is still in chinese...

[BitcoinTate]

Whats the volume on btcchina? Can't seem to find it, I have it on english, but half the site is still in chinese...

2,284.571

[BitcoinTate]

2,477.113*

[oakpacific]

2,477.113*

http://bitcoincharts.com/markets/

You'd better check here. The time zone used on the BTCChina site is different so it's not comparable.

[NamelessOne]

119 has arrived! 

[WikileaksDude]

119 has arrived! 

Yes it did!