Wall Observer - MtGoxUSD wall movement tracker

[Richy_T]

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

But everyonez was telling me that no one would spend a deflationary currency. I iz confused.

[mccorvic]

Can we have a small crash now?? Pleaaaaaaaaase!

A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.

Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

[DougTanner]

Can we have a small crash now?? Pleaaaaaaaaase!

A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.

Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

For all we know they could be moves to paper wallets.

[mccorvic]

Can we have a small crash now?? Pleaaaaaaaaase!

A crash is definitely coming soon but don't know when.I believe someone mentioned within the next month on Reddit.The thing is someone has done this before with even more BTC at about a month ago but the Gox market just absorbed it like it was a hiccup.

You are talking about a major crash, not a small weekly crash to shake out the newbies. Although a major crash followed by a longer period of stagnation is not impossible, with the current rate of global Bitcoin adoption I see absolutely no reason to support that hypothesis.

Well,the news I read mentioned individuals with over 1 million dollars in BTC and in some cases over 10 Million will either be cashing out majorly or just some of their stash.It seems to be happening actually.

That news was perhaps based on this article: http://qz.com/72118/yes-people-are-hoarding-bitcoins/
Which in turn was based on this statistic: http://blockchain.info/charts/bitcoin-days-destroyed

Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.

I haven't found the bitcoin days destroyed to be much an indicator of anything.  We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

For all we know they could be moves to paper wallets.

While not a massive sum, I did do that exact thing with some of my coins just this morn.

[Roger_Murdock]

Guys, this can't go on forever, right?  





...right?  

No, it can't. There will come a day when people will no longer be willing to trade finite and precious BTC in exchange for unlimited and worthless paper. So best take advantage of the current situation while you can!

[Richy_T]

[mccorvic]

This is my favorite part of these lag events.  The bulls are starting to rally again, but all the cubs who wanted to catch the dip already sold and can't cancel their orders in time.

[only]

http://www.youtube.com/watch?v=mBS0OWGUidc

[TheKoziTwo]

 

[ElectricMucus]

image
 

It's called bear trap.


The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress.

[justusranvier]

 

Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "

[TheKoziTwo]

Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "

LOL 

[deeplink]

Don't forget 2012-12-24: "At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. "

lol, who wants Facebook stock anyway?

[mccorvic]

My god? Have the bears begun to reason?! They're starting to wait until there is SOME depth instead of dumping all their coins with a 10 dollar slide!  Next thing you know they'll start to wear human clothes.

[y2kcamaross]

My god? Have the bears begun to reason?! They're starting to wait until there is SOME depth instead of dumping all their coins with a 10 dollar slide!  Next thing you know they'll start to wear human clothes.

That doesn't sound like the bears we've come to know and love

[mccorvic]

My god? Have the bears begun to reason?! They're starting to wait until there is SOME depth instead of dumping all their coins with a 10 dollar slide!  Next thing you know they'll start to wear human clothes.

That doesn't sound like the bears we've come to know and love

You're right. Most likely a coincidence.

[Gordonium]

image
 

It's called bear trap.


The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress.

No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin.

It hasn't even begun.

[DougTanner]

The market is so nice and calm right now, is it tea time?

I think that might be it for today, 15% rise with consolidation is very nice  

[mccorvic]

The market is so nice and calm right now, is it tea time?

Makes me wonder if the hamster broke his running wheel at Gox.  Bitcoinity says last trade was 3mins ago.

EDIT: Never mind, hamster was just on a smoke break

[Gordonium]

The market is so nice and calm right now, is it tea time?

I think that might be it for today, 15% rise with consolidation is very nice  

Money is a bitch that never sleeps.