Wall Observer - MtGoxUSD wall movement tracker

[jojo69]

i feel the market really really wants to run up, but its holding back...

Hmmm.....The high Mt.gox verification cue and Coinlabs coming on line within the US and Canada markets on May 6th will make for an interesting time I think.

Damn Bitcoin is interesting every day
Just imagine what we would all have achieved if we weren't following Bitcoin every day!!!11

lol i know
lets just all buy in one last time, and get to work.

post of the week nominee

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[Sitarow]

there are already bigger and better trading platforms and exchanges in the pipeline, in a couple of years we'll be looking back and thinking "I can't believe we ever used to trade on  a magic gathering exchange, it'll be like having fibre optic and remembering the good old 56k modem napster days.

Coinsetter certainly looks interesting
http://www.coinsetter.com/
http://blog.coinsetter.com/2013/04/09/coinsetter-to-bring-leverage-and-shorting-to-bitcoin-with-500000-funding-round/

just look at the people investing
"New York City-based bitcoin startup Coinsetter has taken its first outside investment by closing a seed round totaling $500,000. The round was led by Barry Silbert, the CEO and founder of SecondMarket, and Jimmy Furland, a successful London-based tech entrepreneur. Silbert invested in the company through his Bitcoin Opportunity Fund. Tribeca Venture Partners, a NYC-based venture capital firm, also took a leading role as the largest investor in the round. Other investors include Microsoft head of corporate strategy Charles Songhurst, Facebook product lead Ben Davenport, and bitcoin industry leader Roger Ver."

Bitcoin + forex! Thats whats up!

Cavirtex.com also had their IPO last month and it sold out in 12hrs..

They have future plans in the works.

https://www.cavirtex.com/home
http://youtu.be/FvELpQ83ApA

[blueberry]

Hey, just a pleasant reminder for the bears amongst us -

The MtGoX $1000+ verification cue is still growing, even after the "bubble popping."

they claim 95% is new users but it would seem that all btc or fiat leaving the exchange has to be verified so the queue could be people trying to get out as much as people trying to get in

True. But people wanting to get out most likely would have sold their bitcoins already and are just sitting with USD in gox waiting to be verified to transfer out. While people wanting to get in have yet to buy since you have to be verified first to transfer money in.

[Wekkel]

[just1nmc]

Wall at $100 is growing (~BTC10.5k), but not many bids higher than that.

[AJS_]

...

obviously didn't see the last few pages 

[molecular]

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

[jl2012]

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

Every time it stabilizes, gox fucks up 

[just1nmc]

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'm thinking a small Sunday rally.. Lots of people are waiting to see what happens over the weekend before they buy back in.

[el_rlee]

It's just them Americans sleeping. Still I say if we get over the weekend without loosing too much (i.e. not more than yesterday) we will continue the rally next week.

[thoughtfan]

Betfair (sports bet exchange) can handle more transactions per second than the NYSE. They invented a technology called Flywheel which, apparently, allows them to do it with only 2 x $50,000 servers.

They wouldnt touch bitcoin with a bargepole, but if someone could hire their programmers, or license their technology things would be much improved.

http://www.hpts.ws/papers/2007/HPTS%20Workshop%20-%20Betfair%20-%20Flywheel.pdf

50,000 transactions per second.

Thanks for the Betfair 'Flywheel' link.  Until you mentioned it I hadn't realised my period of trading on Betfair a while back was probably what had set my expectation level for a reasonable processing capacity for a trading platform.  I was not aware the fluctuation in demand and sheer volume had meant they actually had to develop an exceptional system.  Maybe it's too late for MtGox - maybe we'll look at them in a few years as the AltaVista that led the way for a short while - but surely some of the new VC-backed trading platforms that appear to be on their way to open this market up nicely should at least be looking at the principles behind the Betfair system.

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle.  I'm no programmer but I kinda like where you're coming from with this cul.

[just1nmc]

Someone sold several thousand coins into the $100 wall

[jl2012]

Someone sold several thousand coins into the $100 wall

And the lag is 0. I am quite sure that one 12 hours earlier was a DDOS attack

[smoothie]

Thank you bulls for once again allowing me to sell over 100. Please get it above 125 shortly.

Says the guy who sells at any price. How many coins did you sell at $5?

Well in this post he sold 30 BTC around $5 (approximate time of the post). LOL

look on the bright side, its still worth twice as much as a dollar

I doubt that will be the case for long. I decided to sell 30+ BTC just now because I am
tired of holding them and watching them lose value. Better to get something out of it now
then to see it worth 50% less in a couple of weeks.

I can always mine more since I get free power but even then it is quickly becoming not
worth it while the hardware depreciates.

[just1nmc]

Someone sold several thousand coins into the $100 wall

And the lag is 0. I am quite sure that one 12 hours earlier was a DDOS attack

Exactly. After this week it's pretty obvious that the lag creates panic sell offs, and not the other way around.

[Piper67]

Thank you bulls for once again allowing me to sell over 100. Please get it above 125 shortly.

Says the guy who sells at any price. How many coins did you sell at $5?

Well in this post he sold 30 BTC around $5 (approximate time of the post). LOL

look on the bright side, its still worth twice as much as a dollar

I doubt that will be the case for long. I decided to sell 30+ BTC just now because I am
tired of holding them and watching them lose value. Better to get something out of it now
then to see it worth 50% less in a couple of weeks.

I can always mine more since I get free power but even then it is quickly becoming not
worth it while the hardware depreciates.

We should all thank him from the bottom of our greedy hearts for all the coins he's undersold.

[ManBearPig]

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

[Coincrazy]

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle. ....

most internet based trading systems allow ordinary users to place orders on NYSE or ARCA

orders are executed based on prices @ NYSE , almost instantly (a few seconds lag if at all)

in this internet and computing age, I see the absence / presence of a broker as a hindrance rather than boon

IMHO



regards

[just1nmc]

I'm still amazed that people are falling for it though I am glad of the cheap coins on the way down.

It's very predictable if you watch it and has the secondary effect of suppressing sudden price spikes.

Maybe it's a Force for Good in disguise? :p

I don't mind getting some extra coins off it

There's still people claiming the lag is propping up the price though; I don't understand it. Every sell off has shown the opposite.

[ManBearPig]

nice triangle:



bitcoin likes triangles

"bullish wedge" actually or whatever it's called

I'd be very wary of traditional trend analysis right now while we can expect another DDoS/panic to batter down any spike.