Wall Observer - MtGoxUSD wall movement tracker

[mccorvic]

144.50

Looks like bids are staying just above 12mil while asks are below 55k and sliiiiiiiding down.  Secret Saturday rally??? 

[laughingbear]

super slow secret saturday surprise surge speculation

[ineededausername]

11k to $150 and one moderately large purchase away from an all time high.

[mccorvic]

11k to $150 and one moderately large purchase away from an all time high.

I'd love to hit an ATH on a Saturday.

[ineededausername]

11k to $150 and one moderately large purchase away from an all time high.

I'd love to hit an ATH on a Saturday.

Or even better, a Sunday.

Gains per day avg: 6 hour intervals, last four are Sunday (I think).

[giszmo]

Get you're bitcoins Sunday before Europe & Asia wake up on Monday, America. Otherwise we'll have another Goxxian failure. I think this Monday will be very big considering all the press we had late last week. A weekend can do amazing things.

Interesting.

On the one hand I'm tempted to keep holding. At my current holdings I'd stand to gain a couple hundred dollars if we shot up more than $10.

On the other hand, there's something I need to buy that I have the money for now (and then some). However, the cost of this item would almost totally wipe out my holdings at the current valuation, leaving me with peharps 1, 1.5 BTC. And I could definitely use the extra few hundred.

Then there's the "Money Flow" thread here https://bitcointalk.org/index.php?topic=167112.40 which is both extremely interesting, and disturbing. The OP in that thread is predicting a massive coming correction.

What to do?

Note also to myself to read next year: I know the queue at Gox is long and the news are coming faster and faster and I love to look at this chart:
realizing the volume i still growing faster than the price but short term if I wanted to put that money on the table for this long over due thing my family never could afford to buy, I would not risk to never buy it just because I was over confident with bitcoin.

Yes, people post how $$ are increasing and ɃɃ are low but a fraction of all bitcoins would still crash the bitcoin to nothing. Serious bad news could do the same job etc.

In December I had to cash out a bit and tried to cash out to my family and friends as this was second best to hoarding myself. Now when friends ask me to sell them some, I feel like steeling money as we might well drop below the current level for months. I see how some that bought from me before, now start asking how they can turn Bitcoins into fiat again and of course there are speculators just waiting for the peak. Don't miss a chance to buy what you really always wanted. If "being rich" is what you wanted, you will never part with any of your bitcoins no matter how high it goes. With 1.5Ƀ you will be guaranteed to hold more bitcoins than the average human anyway. 500 times the average bitcoin stash actually.

[Kazu]

We are just over half a million dollars away from hitting an all time high. It looks like this show might get on the road a little bit earlier than I thought it would. Sad part is that I won't have the fiat I need to buy in to the potential $145 rally into my Gox account until tomorrow :|

[zkay]

Get you're bitcoins Sunday before Europe & Asia wake up on Monday, America. Otherwise we'll have another Goxxian failure. I think this Monday will be very big considering all the press we had late last week. A weekend can do amazing things.

Interesting.

On the one hand I'm tempted to keep holding. At my current holdings I'd stand to gain a couple hundred dollars if we shot up more than $10.

On the other hand, there's something I need to buy that I have the money for now (and then some). However, the cost of this item would almost totally wipe out my holdings at the current valuation, leaving me with peharps 1, 1.5 BTC. And I could definitely use the extra few hundred.

Then there's the "Money Flow" thread here https://bitcointalk.org/index.php?topic=167112.40 which is both extremely interesting, and disturbing. The OP in that thread is predicting a massive coming correction.

What to do?

Note also to myself to read next year: I know the queue at Gox is long and the news are coming faster and faster and I love to look at this chart:
realizing the volume i still growing faster than the price but short term if I wanted to put that money on the table for this long over due thing my family never could afford to buy, I would not risk to never buy it just because I was over confident with bitcoin.

Yes, people post how $$ are increasing and ɃɃ are low but a fraction of all bitcoins would still crash the bitcoin to nothing. Serious bad news could do the same job etc.

In December I had to cash out a bit and tried to cash out to my family and friends as this was second best to hoarding myself. Now when friends ask me to sell them some, I feel like steeling money as we might well drop below the current level for months. I see how some that bought from me before, now start asking how they can turn Bitcoins into fiat again and of course there are speculators just waiting for the peak. Don't miss a chance to buy what you really always wanted. If "being rich" is what you wanted, you will never part with any of your bitcoins no matter how high it goes. With 1.5Ƀ you will be guaranteed to hold more bitcoins than the average human anyway. 500 times the average bitcoin stash actually.

Awesome advice, thank you.

And in my case, it isn't so much something we want, as it is something we need -- a new refrigerator, which I could not otherwise afford if it weren't for bitcoin.

I think I'll cash out either monday or tuesday.

[BitcoinTate]

Get you're bitcoins Sunday before Europe & Asia wake up on Monday, America. Otherwise we'll have another Goxxian failure. I think this Monday will be very big considering all the press we had late last week. A weekend can do amazing things.

Awesome advice, thank you.

And in my case, it isn't so much something we want, as it is something we need -- a new refrigerator, which I could not otherwise afford if it weren't for bitcoin.

I think I'll cash out either monday or tuesday.

I would wait until Wednesday. The price could hit $300 by Tuesday night. I have a feeling we are going to blow through the resistance at $200 and it wont be stopped until around $300. A lot of capital waiting to jump into BTC next week.

[giszmo]

Gains per day avg: 6 hour intervals, last four are Sunday (I think).

Where is this data from? Is there a trend to this as well? Speculators should definitely prevent kind of predictable 5% moves.

[giszmo]

Apparently the MtGox queue is over 14,000 now.

are they all sellers?

That would be a surprise.

I'm wondering what the average investment from these people is though. I'm guesstimating an median of $500 with an average of $1000. $14 million could drive the price up quite a bit.

I'm not wondering about median or average, I'm wondering the total sum as $14million is something some people might move easily alone and for me it is more interesting when such individuals are likely to show up in the queue.

[rpietila]

11k to $150 and one moderately large purchase away from an all time high.

I'd love to hit an ATH on a Saturday.

Oh please guys.. We are going to $200, but not before Wednesday. Saturday is a time of quiet accumulation, not making of an ATH...

[Kazu]

11k to $150 and one moderately large purchase away from an all time high.

I'd love to hit an ATH on a Saturday.

Oh please guys.. We are going to $200, but not before Wednesday. Saturday is a time of quiet accumulation, not making of an ATH...

Listen I take my ATHs when I can get them.

[lunarboy]

Oh me, look at this one.  Here's another graph that is going straight up.  Wonder why the inflection point.  Why was the second derivative negative?

wow, 175 000 users = big incentive for some hardcore black-hats.

^^THIS^^ 

Had someone poking about my account today. Good luck trying to brute force my passwords Mo Fo 

be safe out there kids & don't keep it all in one place

[Kazu]

^^THIS^^ 

Had someone poking about my account today. Good luck trying to brute force my passwords Mo Fo 

be safe out there kids & don't keep it all in one place

Unless that place is a brain wallet

[Hexadecibel]

Oh me, look at this one.  Here's another graph that is going straight up.  Wonder why the inflection point.  Why was the second derivative negative?

wow, 175 000 users = big incentive for some hardcore black-hats.

^^THIS^^ 

Had someone poking about my account today. Good luck trying to brute force my passwords Mo Fo 

be safe out there kids & don't keep it all in one place

You have two factor right?...

[oakpacific]

My favorite scenario would be bears resisting the advance stubbornly for weeks(if not months), and eventually are out of all their bitcoins, while new bulls get their coins, which are distributed evenly, at high dollar cost averaging, then the wheel moves up again.

[Cubic Earth]

At $144.85.  Once we cross $145, which should be any minute now, I think $150 will fall quite soon after.  I'm not looking at the walls, but rather just the pattern of the past few weeks.

[Le Happy Merchant]

At $144.85.  Once we cross $145, which should be any minute now, I think $150 will fall quite soon after.  I'm not looking at the walls, but rather just the pattern of the past few weeks.

Its saturday at midnight (PST), we aren't breaking $150.

[Cubic Earth]

Its saturday at midnight (PST), we aren't breaking $150.

Midnight here in the Pacific Northwest as well.  You can go to sleep, I'll stay up and see the price though $150, maybe you can take over the watch again in the morning.