Wall Observer - MtGoxUSD wall movement tracker

[ManBearPig]

This thread has become the equivalent of the BTC-e trollbox.

I know, it's great isn't it?

Oh, wait.

[simonk83]

Stupid lag.  Every time there's a little run up.  Curse you Gox

[ManBearPig]

Sorry to wander back on-topic but um, here's them walls:



I don't want much this weekend, some consolidation would be nice.

Along with a few coin-raking swings like yesterday (I'm no trader but hell that was easy!)

[Kazu]

Major breakout to the upside. That was a key triangle. Lets hope lag stays under control...

[ManBearPig]

While the zoomed-out picture looks a little something like this:



All I can say is what a difference a day makes eh?

[AJS_]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

http://marketpredict.com/articles/images/bubble-lifecycle.gif

[Ares]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

the 30d chart could also fit right in at the "first sell-off"

[Gordonium]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

the 30d chart could also fit right in at the "first sell-off"

That is how I see it too.

[bixcoin]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

the 30d chart could also fit right in at the "first sell-off"

That is how I see it too.

Yeah. Its just that we already had the "media attention", the public investing, the enthusiasm and the Greed. I guess what you people are doing could even be called "denial"

Anyway, I cashed out at 230 and 170 and will wait for the low double digits.

[Gordonium]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

the 30d chart could also fit right in at the "first sell-off"

That is how I see it too.

Yeah. Its just that we already had the "media attention", the public investing, the enthusiasm and the Greed. I guess what you people are doing could even be called "denial"

Anyway, I cashed out at 230 and 170 and will wait for the low double digits.

Are you serious? There hasn't even been many institutional investors year, we are just coming to that phase right now. Even that in a forum like this it might seem that Bitcoin is all over media, but truth is that most of the people, even the ones working in finance or it-sector haven't even heard about Bitcoin.

[Ares]

Having been a long time reader of this read/forum, probably too long/too much time spent and lurking on here for a while. Just wanted to say that many of you provide some brilliantly comedic moments as well as some insightful comments.

For what it is worth I am Long/Bullish. But aware of the potential for shit to hit the fan, having seen it grow from nearly the start.

Also, I just wanted to bring this back into peoples heads since we are looking at charts, or supposed to be, but this is looking awefully similar to the 30d charts of BTC

the 30d chart could also fit right in at the "first sell-off"

That is how I see it too.

Yeah. Its just that we already had the "media attention", the public investing, the enthusiasm and the Greed. I guess what you people are doing could even be called "denial"

Anyway, I cashed out at 230 and 170 and will wait for the low double digits.

We had SOME media attention, and LITTLE institutional investing. To be at the crash, those would have had to been exhausted as seen in the background of the graph. That most certainly has not even come close to happening, therefore is anything we are at the first sell-off.

Most likely: that graph can't be used to infer anything in regard to bitcoin

But go ahead and continue spouting FUD so that your sell doesn't end up biting you in the ass.

[AJS_]

...

the 30d chart could also fit right in at the "first sell-off"

Personally I do also believe that we may be around the first sell off in a skewed kind of way. Most of the 'public' don't know about it at all, as some have said the institutions have started looking into it dipping their toes nothing more as of yet,  I do hope that maybe you are right however, simply looking at the two, almost aesthetically,  there are similarities, but also differences. However the one thing the said comparison doesn't show is what happens once the line passes the return to mean, it be rocketing like Mr. Jong-Un.

[bixcoin]

We had SOME media attention, and LITTLE institutional investing. To be at the crash, those would have had to been exhausted as seen in the background of the graph. That most certainly has not even come close to happening, therefore is anything we are at the first sell-off.

Most likely: that graph can't be used to infer anything in regard to bitcoin

But go ahead and continue spouting FUD so that your sell doesn't end up biting you in the ass.

Well, I dont think that what I post in this thread will make that much a difference. Also with all those bulls here I am clearly a minority.
I have lost money in two bigger bubbles before, and I have to tell you, there is really a lot of similarity. One of it is that people keep claiming that THIS is not comparable to anything we had before.

[arklan]

We had SOME media attention, and LITTLE institutional investing. To be at the crash, those would have had to been exhausted as seen in the background of the graph. That most certainly has not even come close to happening, therefore is anything we are at the first sell-off.

Most likely: that graph can't be used to infer anything in regard to bitcoin

But go ahead and continue spouting FUD so that your sell doesn't end up biting you in the ass.

Well, I dont think that what I post in this thread will make that much a difference. Also with all those bulls here I am clearly a minority.
I have lost money in two bigger bubbles before, and I have to tell you, there is really a lot of similarity. One of it is that people keep claiming that THIS is not comparable to anything we had before.

while it's absolutely true that's a common failing of stocks and tech in general, the whole "new paradigm" thing - bitcoin's tech and such really is unlike anything else out there, that's not a fallacy of the mind of investors.

[ManBearPig]

That chart never gets old. It's the graphical equivalent of Godwin's Law :p

[AJS_]

That chart never gets old. It's the graphical equivalent of Godwin's Law :p

Around here your not wrong actually, I did think this but I just thought it was getting pretty close to looking like its far right brethren for some folks than ever.

[gizmoh]

We already got mass " media attention" when we hit the very highs above 200. Expect not to get such attention until new highs is achieved if ever or when bitcoin sink to very low.
The CLAIM from biased Mtgox of massive signups doesn't mean more money pouring as a majority new investors are freaked out from that crash, that it can also go down heavily.As always some will see it as an opportunity at entering at a good price.   But NOW the optimism of guaranteed get-rich-quick has faded bears are more solid,early adopters, heads back on their shoulder, more keen on cashing out part of their stash at a reasonable price than dreaming of immense fortune at $1000 coin.
Institutional investors don't appreciate such volatility and hedge funds can't enter as its still not much liquid market enough.

I would say it will be stable for the few more days and the price direction afterwards will be a decisive trend setter ahead..

[just1nmc]

That chart never gets old. It's the graphical equivalent of Godwin's Law :p

Honest question about the chart, since I see it so much.

Is it supposed to actually follow that line? Or does it just list the different phases of a bubble and show a big increase and decrease?


Because in terms of scale I don't think anyone can claim it makes sense to bitcoin, unless this is the first sell off.

It just dropped from $260 to $60, much more dramatic than the bull trap on the chart. Also if 2011 was the first sell off, it's way too close to the 2013 peak, and it definitely didn't bring in the institutional investors..

[bixcoin]

while it's absolutely true that's a common failing of stocks and tech in general, the whole "new paradigm" thing - bitcoin's tech and such really is unlike anything else out there, that's not a fallacy of the mind of investors.

Yes, I belive that, too. I am invested in BC since 2011 because I believe in it. It just happend to grow too fast too much. This up and down is not good. Especially not if you are awaiting institutional investors. What you might get is highly professional speculators and they know their business pretty well.

[ManBearPig]

That chart never gets old. It's the graphical equivalent of Godwin's Law :p

Honest question about the chart, since I see it so much.

Is it supposed to actually follow that line? Or does it just list the different phases of a bubble and show a big increase and decrease?

Because in terms of scale I don't think anyone can claim it makes sense to bitcoin, unless this is the first sell off.

It just dropped from $260 to $60, much more dramatic than the bull trap on the chart. Also if 2011 was the first sell off, it's way too close to the 2013 peak, and it definitely didn't bring in the institutional investors..

No, no, it's a general pattern. One which matches most bubbles to be honest.

But price charts are fractal, complex things. Zoom in, zoom out, squeeze the curve to fit and you could make it match almost any chart historically.

It's worth knowing about THAT chart in ANY field where mass psychology is involved  - that would be most things really I suppose.

So yeah there are 2 phases on that chart we could be at right now just don't ask me which.

It's what's beyond that chart and the little bumps and humps that can't be seen at that scale which interest me right now