Wall Observer - MtGoxUSD wall movement tracker

[John Self]

And so the propaganda war begins. Large investors will move small portions of their pots to the smaller exchanges in order to set a high anchor http://en.wikipedia.org/wiki/Anchoring , so that when gox gets back on-line they will have enough of a buyer base to sell at the price they want, before a sustained crash to a final floor. I don't recommend people buy at this stage; this isn't the same atmosphere as a week ago- when the potential of wider adoption propped the price up, that potential is gone for the time being.

[jl2012]

I hate people.

lol


btw: btc-e getting busy ... maybe the place to watch? up to 82 atm

edit: yes, btc-china still at 150 but with very low volume

btcchina is dead for long time

[Rampion]

Until Gox opens is obvious that price will crash -> there's no easy and immediate way to send fiat to exchanges, while it is very easy to send BTC.

How do you think the market will react when Gox open? Slow and bumpy recovery or super deep flash-crash?

I have to admit that I could use some below $10 BTC

[Nemesis]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to substance price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

[anderxander]

I hope it hits $1.00.

[NamelessOne]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple there, sell them on mtgox into the strong hands that aren't panicing.

[Jaques]

I hate people.

lol


btw: btc-e getting busy ... maybe the place to watch? up to 82 atm

edit: yes, btc-china still at 150 but with very low volume

btcchina is dead for long time

why do you say that?
there is trades going on, although with very little volume

[jojo69]

bitstamp is down

bitfloor is endlessly "pending"

[jerkoff]

I hope it hits $1.00.

I will buy for $1 too, if it drops that far.

[John Self]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple their, sell them on mtgox into the strong hands that aren't panicing.

These people are already balls deep in bitcoin. Do your own analysis and don't trust a word told to you, nobody really knows anything for sure. It is equally possible that large holders have moved a small portion of their holdings to these tiny markets in order to control the price.

[Nemesis]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple their, sell them on mtgox into the strong hands that aren't panicing.

These people are already balls deep in bitcoin. Do your own analysis and don't trust a word told to you, nobody really knows anything for sure. It is equally possible that large holders have moved a small portion of their holdings to these tiny markets in order to control the price.

LOL try to move any fiat funds between exchange see how that works out for you.

[DougTanner]

Canadian exchange is back up to $100.

Canada holds strong!

[shad0wbitz]

BTC is going to hit $5 if not lower, as soon as GOX opens. MARK MY WORDS! Already at $70 on BTC-e....

[NamelessOne]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple their, sell them on mtgox into the strong hands that aren't panicing.

These people are already balls deep in bitcoin. Do your own analysis and don't trust a word told to you, nobody really knows anything for sure. It is equally possible that large holders have moved a small portion of their holdings to these tiny markets in order to control the price.

Yeah, we're balls deep because we know what we're doing and bought in huge when everyone else was panicing at $2.

[Gatekeeper]

Additionally trading fees will not be charged within 48 hours of trading resuming (until 2013-04-14 02:00am UTC).

from Gox, i can't tell if this is good for buyers or sellers or both.

[Ente]

I fckn hate it to be all-in in Bitcoin.
I WANT TO BUY MOAR! RAAAAWR!

Well, this is a bit more action now than I wished for.
If this results in the end of MtGox and a single fat centralized exchange, it may have been worth it nevertheless.

Ente

[deeplink]

Do your own analysis and don't trust a word told to you, nobody really knows anything for sure.

But I know one thing for sure: there are only 11M bitcoins and the number of people wanting some of those is still increasing exponentially. Once these growing pains are fixed and the price starts rising again, you better hold on for another epic recovery.

[jojo69]

aaaaaaaaaand, bitfloor is down

BTC-e does not seem to be updating

camp bx dark pools between 75 and 95

[John Self]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

Noob,

PPL have been selling btc to a very limited pool of fiat. Look at the market depth on MtGox. There are far more fiat to sustain price of 150.

My guess? as soon as MtGox open, those that bought cheap coins from other exchanges will dump their coins to strong hands on Gox and not moving an inch.

It's true, it will be a good buying opportunity, as are the dipping prices on other exchanges. Buy a couple their, sell them on mtgox into the strong hands that aren't panicing.

These people are already balls deep in bitcoin. Do your own analysis and don't trust a word told to you, nobody really knows anything for sure. It is equally possible that large holders have moved a small portion of their holdings to these tiny markets in order to control the price.

LOL try to move any fiat funds between exchange see how that works out for you.

The other exchanges usually have more than just btc. It should be easy enough for someone to exchange to litecoin or some such currency then start buying, if they have the brain for it. & These exchanges already service some large holders- in that case the logic of price propping is the same, and the problem of balance transfers non-existent.

[jl2012]

I hate people.

lol


btw: btc-e getting busy ... maybe the place to watch? up to 82 atm

edit: yes, btc-china still at 150 but with very low volume

btcchina is dead for long time

why do you say that?
there is trades going on, although with very little volume

They have very little volume because people can hardly place/remove any order. It's effectively dead