Wall Observer - MtGoxUSD wall movement tracker

[essem]

free fall to 150

I should have sold my 0.3 BTC earlier, I'm screwed

[Frost]

This is going to be fun now... I am in if we hit 100$  And then we will climb hills!

[essem]

oh dear doesn't look like 150 will hold

[endlessdark]

[proudhon]

Not seen this in the thread yet, some excellent analysis of the correction today...

http://www.247btc.com/bitcoins/117/postmortem-of-a-bitcoin-crash-2013-04-10-and-the-secret-story-revealed-by-volume/

Nice one! So the hope isn't lost and with the flood of new MtGox accounts we see 300 USD before the end of the month?

If the price touches $300 on MtGox before the end of the month, I'll give you one whole shiny bitcoin.  This time I'm certain I won't be giving any bitcoins away.  This move was decisive, the number of bitcoins to be sold is piling up as people hope to get out, and a substantial amount of money has probably left for good.  There's really only one way from here, and it's down.

[Frost]

Should I go in with 50$ if we hit 100$ zone? I am noob

[zby]

It is GOX TIME!

[Zomdifros]

Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops.  I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .

So, is this the second 50% crash or am I missing one here?

[awkorama]

Not seen this in the thread yet, some excellent analysis of the correction today...

http://www.247btc.com/bitcoins/117/postmortem-of-a-bitcoin-crash-2013-04-10-and-the-secret-story-revealed-by-volume/

Nice one! So the hope isn't lost and with the flood of new MtGox accounts we see 300 USD before the end of the month?

If the price touches $300 on MtGox before the end of the month, I'll give you one whole shiny bitcoin.  This time I'm certain I won't be giving any bitcoins away.  This move was decisive, the number of bitcoins to be sold is piling up as people hope to get out, and a substantial amount of money has probably left for good.  There's really only one way from here, and it's down.

Everyone, finally a signal that the dip is over, proudhon has spoken.

[zedicus]

HOLD SPARTANS!

[surya]

Not seen this in the thread yet, some excellent analysis of the correction today...

http://www.247btc.com/bitcoins/117/postmortem-of-a-bitcoin-crash-2013-04-10-and-the-secret-story-revealed-by-volume/

Nice one! So the hope isn't lost and with the flood of new MtGox accounts we see 300 USD before the end of the month?

If the price touches $300 on MtGox before the end of the month, I'll give you one whole shiny bitcoin.  This time I'm certain I won't be giving any bitcoins away.  This move was decisive, the number of bitcoins to be sold is piling up as people hope to get out, and a substantial amount of money has probably left for good.  There's really only one way from here, and it's down.

Everyone, finally a signal that the dip is over, proudhon has spoken.

Thank you proudhon, now seems the perfect time to buy then, as you are the best contra-indicator.

[proudhon]

Not seen this in the thread yet, some excellent analysis of the correction today...

http://www.247btc.com/bitcoins/117/postmortem-of-a-bitcoin-crash-2013-04-10-and-the-secret-story-revealed-by-volume/

Nice one! So the hope isn't lost and with the flood of new MtGox accounts we see 300 USD before the end of the month?

If the price touches $300 on MtGox before the end of the month, I'll give you one whole shiny bitcoin.  This time I'm certain I won't be giving any bitcoins away.  This move was decisive, the number of bitcoins to be sold is piling up as people hope to get out, and a substantial amount of money has probably left for good.  There's really only one way from here, and it's down.

Everyone, finally a signal that the dip is over, proudhon has spoken.

Thank you proudhon, now seems the perfect time to buy then, as you are the best contra-indicator.

Good luck.

[essem]

Should I go in with 50$ if we hit 100$ zone? I am noob

i wouldn't buy at either

why try to guess the direction of the market?

[Beta-coiner1]

https://plus.google.com/+mtgox/posts/EU58DrgstRt

Mt.Gox 5:35 AM  -  Public
Maintenance Over however we are now under a DDoS attack

[endlessdark]

[rpietila]

Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops.  I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .

So, is this the second 50% crash or am I missing one here?

Pirate intraday was about 50%, so I would say we currently have only one, from 2011.

Now, for this to really qualify as a crash, I would like to see a weekly red candle

As for -20% dips, this is the 6th in 35 days, so nothing new there.

[crazy_rabbit]

pick your poison. Lag or DDOS. Different Poison, same Goxing.

[Frost]

Should I go in with 50$ if we hit 100$ zone? I am noob

i wouldn't buy at either

why try to guess the direction of the market?

I thought it would go up to 200$ next hours maybe... dunno. I am beginner and try to understand all that lol.

[surya]

Gox is upgrading now. Nothing goes.

[Zomdifros]

Pirate intraday was about 50%, so I would say we currently have only one, from 2011.

Now, for this to really qualify as a crash, I would like to see a weekly red candle

As for -20% dips, this is the 6th in 35 days, so nothing new there.

Well a weekly red would be a first for 2013. I think the confidence of many people has been shaken by the severity of this crash, in the press I see many 'analysts' declaring the bubble to have finally burst and stating the price will go down to January levels (which would most certainly be very unlikely).
 
So I think the recovery may take a bit longer than usual. Most important thing is to explain why Bitcoin has so much future potential and is not just a vehicle to double your money every week. My estimate is that Bitcoins intrinsic value at this time is between $20B and $200B, based on the unique properties of this groundbreaking technology.