Wall Observer - MtGoxUSD wall movement tracker

[oakpacific]

Jeebus.....last winter one of my friends was asking me when I am gonna pay her a visit(she lives quite far away from where I am), at the time bitcoin price was $13.8, so I half-jokingly told her:"I will when the bitcoin price reaches $138." There was no way I could expect the price to rise so fast, now I have to keep my words.........  

Oh, I absolutely love these Bitcon love stories. Might this turn into one?

Well, I said it's a "friend", strictly a friend(I would not have lived so far away if... ). And actually she is already married, but yeah we are in very good relationship.

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[mp420]

I would be surprised if we didn't reach 10,000 dollars per bitcoin before the end of the year.

I would be extremely surprised if we did reach that value. 10,000 dollars per bitcoin would mean 70 times the current adoption which would mean that fees for a SINGLE TRANSACTION would be outrageous, like $100 or even more. Yes, i pulled that number from my ass but it's as good a guess as any. We have 1M hard limit on block size, corresponding to about 7tps, or about 25,000 transactions per hour, and it isn't going to change this year. Bitcoin as it currently exists is not scalable to much higher usage than it already has.

[wopwop]

I would be surprised if we didn't reach 10,000 dollars per bitcoin before the end of the year.

I would be extremely surprised if we did reach that value. 10,000 dollars per bitcoin would mean 70 times the current adoption which would mean that fees for a SINGLE TRANSACTION would be outrageous, like $100 or even more. Yes, i pulled that number from my ass but it's as good a guess as any. We have 1M hard limit on block size, corresponding to about 7tps, or about 25,000 transactions per hour, and it isn't going to change this year. Bitcoin as it currently exists is not scalable to much higher usage than it already has.

you clearly don't understand the mechanics of Bitcoin

as I see it and many here, we could be looking at 10.000$ by the end of this month whether you bears like it or not

[mp420]

I'm not bearish. I expect, in the long term, bitcoin to roughly double in value each year, for the foreseeable future. In my book this is extremely bullish.

The current rally is June 2011 all over again. This time I'm going to profit from this insanity, though.

[Zomdifros]

I would be surprised if we didn't reach 10,000 dollars per bitcoin before the end of the year.

I would be extremely surprised if we did reach that value. 10,000 dollars per bitcoin would mean 70 times the current adoption which would mean that fees for a SINGLE TRANSACTION would be outrageous, like $100 or even more. Yes, i pulled that number from my ass but it's as good a guess as any. We have 1M hard limit on block size, corresponding to about 7tps, or about 25,000 transactions per hour, and it isn't going to change this year. Bitcoin as it currently exists is not scalable to much higher usage than it already has.

you clearly don't understand the mechanics of Bitcoin

as I see it and many here, we could be looking at 10.000$ by the end of this month whether you bears like it or not

Scalability isn't going to be a problem, especially as Bitcoin is more rapidly developing as a store of value instead of a payment system. I have plenty of faith the developers will work this out, there are already good solutions being tested.

Also, you have to look at the total value of all bitcoins, not just to the price of a single coin. A market value of $100 billion isn't far fetched at all.

[oakpacific]

Since when did  not believing in $10,000=bearish....

[Digikeys]

1BTC = ¥1,000.00

[foo]

http://bitcoincharts.com/markets/
Why hasn't btcnCNY moved in past 3 hours? they cant ALL be sleeping lol

It's stuck, but the website itself is up: https://btcchina.com/

It just hit 1,000 yuan! ($161.25)

[Digikeys]

Next will be 1BTC = £100


and to think I first bought at £3... I wish I still had those coins!

[The-Real-Link]

$145!!

[dancingnancy]

I just woke up suddenly in the middle of the night for no reason.. then open my eyes to the current BTC price..

Looks like im not going back to sleep

[oakpacific]

I really want to shout to the bulls:" Stop pounding the bears for a while! They need rest too!"

[Surpbitcoin]

anyone want to bet on if the price is going to hit $150 on Mtgox within the next hour?

willing to bet 0.5 btc on it reaching $150

[crazy_rabbit]

I have to say, this is no longer fun. Now I'm living in real perpetual fear. Heck even litecoin is at $4, I used to have tens of thousands of those before I sold for what I thought was a good deal at an embarrassingly low number. Now I'm looking at my bitcoin paper wallets that I have at home and suddenly I feel like I'm holding a suitcase of treasury notes and I'm scared to death about it. Not to mention being paranoid of hitting my head, getting brain damage and forgetting my "brain wallet".

Seriously- if it could just stay level for a couple days I could feel better about all this. I got on the boat thinking we would all slowly sail to the crypto new world, but instead we're on the Millenium Falcon and Chewie's pumping the gas till the stars start streaking by.

[Le Happy Merchant]

I have to say, this is no longer fun. Now I'm living in real perpetual fear. Heck even litecoin is at $4, I used to have tens of thousands of those before I sold for what I thought was a good deal at an embarrassingly low number. Now I'm looking at my bitcoin paper wallets that I have at home and suddenly I feel like I'm holding a suitcase of treasury notes and I'm scared to death about it. Not to mention being paranoid of hitting my head, getting brain damage and forgetting my "brain wallet".

Seriously- if it could just stay level for a couple days I could feel better about all this. I got on the boat thinking we would all slowly sail to the crypto new world, but instead we're on the Millenium Falcon and Chewie's pumping the gas till the stars start streaking by.

The step from 10 to 100 will be the same size as the step 100 to 1000. There is nothing to be done about it.

[Piper67]

Since when did  not believing in $10,000=bearish....

LOL!

[goxed]

Sell orders now approaching the buy orders

http://bitcoincharts.com/charts/mtgoxUSD/accumulated_orderbook.png

[David M]

Spec-fucking-tacular.

[lebing]

I have to say, this is no longer fun. Now I'm living in real perpetual fear. Heck even litecoin is at $4, I used to have tens of thousands of those before I sold for what I thought was a good deal at an embarrassingly low number. Now I'm looking at my bitcoin paper wallets that I have at home and suddenly I feel like I'm holding a suitcase of treasury notes and I'm scared to death about it. Not to mention being paranoid of hitting my head, getting brain damage and forgetting my "brain wallet".

Seriously- if it could just stay level for a couple days I could feel better about all this. I got on the boat thinking we would all slowly sail to the crypto new world, but instead we're on the Millenium Falcon and Chewie's pumping the gas till the stars start streaking by.

LOL. I feel the same way. I've opted for paper wallets as they are easier to deal with in the case of something happening to me.

[foo]

I have to say, this is no longer fun. Now I'm living in real perpetual fear. Heck even litecoin is at $4, I used to have tens of thousands of those before I sold for what I thought was a good deal at an embarrassingly low number. Now I'm looking at my bitcoin paper wallets that I have at home and suddenly I feel like I'm holding a suitcase of treasury notes and I'm scared to death about it. Not to mention being paranoid of hitting my head, getting brain damage and forgetting my "brain wallet".

Seriously- if it could just stay level for a couple days I could feel better about all this. I got on the boat thinking we would all slowly sail to the crypto new world, but instead we're on the Millenium Falcon and Chewie's pumping the gas till the stars start streaking by.

I'm euphoric and scared shitless in equal measure.

BTC China update: $172