Wall Observer - MtGoxUSD wall movement tracker

[NamelessOne]

Arrgg lag was down to below 2 minutes, but is back at 4.  

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[just1nmc]

This is actually going very well for 10+ minutes of lag at points.

Only a bit more than a 5% dip.

[phelix]

Another strong rally stopped cold thanks to the incompetence of  the folks at Mt. Gox.

By now I wonder if the lag is on purpose. I can not imagine how the engine could be so slow by itself.

[only]

By now I wonder if the lag is on purpose. I can not imagine how the engine could be so slow by itself.

+1

[BitcoinTate]

BTC China currently @ $214.24. We will break $200 sometime today or tomorrow morning at the latest.

[DougTanner]

Well this is boring... either break $200 already or drop down to $150 for some nice volatility.

(Yes Bitcoin exists solely to amuse me)

Seems to be stabilizing around $185, my guess is that the rally resumes in 10-15 minutes:

[only]

Or to some double digits, perhaps?

[laughingbear]

and that.... is what we were being set up for

[DougTanner]

Seems to be stabilizing around $185, my guess is that the rally resumes in 10-15 minutes:

Ok, more like 2 minutes.



Fucking lol, two 1000 BTC transactions within seconds of each other in opposite directions. These people need to talk to each other.

[chrsjrcj]

Bear: Someone bought 300 at $190, quick, I must sell 300 at $182!!

They never learn.  

[NamelessOne]

Wow, tantum of 1000 at 181.

[laughingbear]

It is becoming clear to me that Mtgox is being manipulated by some semi big players.  I think its time for me to move exchanges.

[DougTanner]

Big sell wall @ $181

Thanks for making my lunch hour interesting 

[humanitee]

Big sell wall @ $181

Most likely a bot.
If it doesn't spark a sell it will disappear in 5 minutes.

[pokerman]

The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.

[humanitee]

The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.

More people are interested in Bitcoin therefore crash.
QED

[DougTanner]

The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.

On a log chart, the current rise is actually linear. "Going parabolic" is exactly what you would expect at the current phase of adoption.

[NamelessOne]

Wow, tantum of 1000 at 181.

Tantrum wall destroyed!

[Nikolaj06]

Woah 180 bid wall was bought up..

Edit. Silly bears, selling 1 k BTC at 10$ lower than what they can get if they just used their heads..

[NamelessOne]

Wow, that tantrum continues.