Wall Observer - MtGoxUSD wall movement tracker

[wonkytonky]

i saw some little trades come up on gox ..


0.03   9 minutes ago   124.90
mtgox   0.11   9 minutes ago   124.80
mtgox   0.20   9 minutes ago   124.00
mtgox   40.87   9 minutes ago    123.40

:-) it's UP  hehe

[NamelessOne]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

+1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up.
They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox.

[Adrian-x]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

Mt. Gox. is crashing the other exchanges, 6 weeks from now when the 200,000 new users do their analysis they will see the price never dropped @ Mt. Gox therefore it is the most stable exchange.
2 years from now people in the 10,000 post will be arguing whether or not the crash was actually a crash.

*Edit* They are selling all the new coins they got from the lag yesterday. 

[adamstgBit]

i saw some little trades come up on gox ..


0.03   9 minutes ago   124.90
mtgox   0.11   9 minutes ago   124.80
mtgox   0.20   9 minutes ago   124.00
mtgox   40.87   9 minutes ago    123.40

:-) it's UP  hehe

the must be doing some testing.

[adamstgBit]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

+1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up.
They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox.

its gr8! its raining coins everywhere now, buy them out on the cheap and then when mtgox reopens watch what limited supply and high demand does to price

[NamelessOne]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now.


 

[wachtwoord]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now.


 

The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional?

[Odalv]

A lot of premature bears is selling now. (opportunity)

[NamelessOne]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now.


 

The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional?

Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.'

[TsuyokuNaritai]

Attempting to stop the mass panic, suggest others whose words carry more weight write similar posts...

https://bitcointalk.org/index.php?topic=173629.0

[molecular]

Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15.

Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins.

Then the buyers see that orders go through, and raise the price to $150, which will become a new floor.

After 2 weeks the crash is forgotten except that some made a killing and some made a lot of dough.

As they say, you can't know if the trade was profitable until you squander all the proceeds.

Go to sleep, molecular. See you in 5 hours!  

it's more like in 6 hours from now

thanks for your soothing words.

[molecular]

Nice arbitrage opportunities right now... Buy on BitStamp at less than 70 dollars, sell on bitcoin.de for over 80 euros.

why do you think bitcoin.de is higher than the others?

You need not wait for a SEPA transfer with bitcoin.de but can buy, then transfer.

[DougTanner]

Big buy! (relatively speaking)

[Odalv]

GOX tries to regulate FREE MARKET. ... impossible ... will pay tax(loses customers). If somebody wish to sell $0.01/btc why not ?

[DougTanner]

GOX tries to regulate FREE MARKET. ... impossible ... will pay tax(loses customers). If somebody wish to sell $0.01/btc why not ?

Gox literally strangles baby eagles to death and burns the 'MURICAN flag when they impose rules on their private exchange.

[stereotype]

http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/

[wachtwoord]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now.


 

The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional?

Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.'

I think you're mixing up value and price. These are two different things. Price is only relevant with respect to short term liquidity. My Bitcoins don't gain or lose value based on what an exchange does or doesn't do. The price on an exchange (a relatively long-term average) is a nice proxy to measure the actual value. That is all it is.

Oh, and who cares about the media? I like reading all the retarded posts and chuckling. Patience young grasshopper

[MikeH]

Check the lag pattern on MtGox,  I had this polling every 10 seconds.

High: 203.000  Low: 110.200  Volume: 201731  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 10 secs
High: 203.000  Low: 110.200  Volume: 201731  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 9 secs
High: 203.000  Low: 110.200  Volume: 201727  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 9 secs
High: 203.000  Low: 110.200  Volume: 201725  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 8 secs
High: 203.000  Low: 110.200  Volume: 201669  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 7 secs
High: 203.000  Low: 110.200  Volume: 201596  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 7 secs
High: 203.000  Low: 110.200  Volume: 201366  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 5 secs
High: 203.000  Low: 110.200  Volume: 201358  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 4 secs
High: 203.000  Low: 110.200  Volume: 201352  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 4 secs
High: 203.000  Low: 110.200  Volume: 201350  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 3 secs
High: 203.000  Low: 110.200  Volume: 201348  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 2 secs
High: 203.000  Low: 110.200  Volume: 201338  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 2 secs
High: 203.000  Low: 110.200  Volume: 201333  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 1 secs
High: 203.000  Low: 110.200  Volume: 201256  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 1 secs
High: 203.000  Low: 110.200  Volume: 201238  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 201237  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 201237  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 10 secs
High: 203.000  Low: 110.200  Volume: 201233  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 8 secs
High: 203.000  Low: 110.200  Volume: 200933  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 8 secs
High: 203.000  Low: 110.200  Volume: 200930  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 8 secs
High: 203.000  Low: 110.200  Volume: 200920  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 7 secs
High: 203.000  Low: 110.200  Volume: 200915  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 7 secs
High: 203.000  Low: 110.200  Volume: 200808  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 5 secs
High: 203.000  Low: 110.200  Volume: 200808  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 4 secs
High: 203.000  Low: 110.200  Volume: 200805  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 4 secs
High: 203.000  Low: 110.200  Volume: 200802  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 3 secs
High: 203.000  Low: 110.200  Volume: 200799  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 3 secs
High: 203.000  Low: 110.200  Volume: 200758  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 3 secs
High: 203.000  Low: 110.200  Volume: 200755  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 2 secs
High: 203.000  Low: 110.200  Volume: 200737  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 2 secs
High: 203.000  Low: 110.200  Volume: 200702  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 1 secs
High: 203.000  Low: 110.200  Volume: 200662  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 1 secs
High: 203.000  Low: 110.200  Volume: 200356  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 1 secs
High: 203.000  Low: 110.200  Volume: 200348  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 199866  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 199637  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 199634  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 199634  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 0 secs
High: 203.000  Low: 110.200  Volume: 199615  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 10 secs
High: 203.000  Low: 110.200  Volume: 199574  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 9 secs
High: 203.000  Low: 110.200  Volume: 199522  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 8 secs
High: 203.000  Low: 110.200  Volume: 199376  Buy: 118.950  Sell: 124.900  Last: 124.900  Change: 0.00  Lag: 7 secs

[scarce]

http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/

So maybe that's what Vladimir was speaking about. Can't decide whether it'll be good or bad news for bitcoin though.

[NamelessOne]

It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now.


 

The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional?

Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.'

I think you're mixing up value and price. These are two different things. Price is only relevant with respect to short term liquidity. My Bitcoins don't gain or lose value based on what an exchange does or doesn't do. The price on an exchange (a relatively long-term average) is a nice proxy to measure the actual value. That is all it is.

Oh, and who cares about the media? I like reading all the retarded posts and chuckling. Patience young grasshopper

Once this market gets a bit more distributed I'll be happier calling it a full on free market. While true there are no rules, the problems (that can be fixed) get in the way. Unfortunately the media are what inform the world, and at the moment just funnel money straight into Gox's pockets further compounding the issue I have. Time will change all this though so yes, haha patience is good.