Wall Observer - MtGoxUSD wall movement tracker

[silvermario]

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

[GreekGeek]

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

oh oh
I should buy back the coins I shorted

[ElectricMucus]

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

Doesn't mean they are here to buy either.
There are hordes of miners who want to get some cash out of their effort. Not to mention your random SR seller, people who bought in from other sources and so on.

Those who are there to buy probably think twice before they do it at this point too.

[zarl]

Could there be a sittiuation, where gox not have the amount of fiat people want out

[GreekGeek]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

[adamstgBit]

Verification queue is at 28,300 as of right now, if anyone is interested.

Lots of people want their fiat out of gox. Most will wait with selling till they can withdraw so their funds aren't locked.

WeAreMtGox:

How many new accounts are you getting at the moment?

Before the DDOS 20000 day.

How long is the verification queue?

We currently have a 2-week backlog.

Is the verification queue mainly new accounts?

95% are new accounts


SOURCE: http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpsc9

oh oh
I should buy back the coins I shorted

everyone (ok almost everyone) is making big money in this market.... so its best to live dangerously, let the bears have their moment  

[wachtwoord]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Of course that wouldn't be the end of Bitcoin

[ElectricMucus]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.

[zarl]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

yes ;(  it can be HUGE amount the need pay the next weeks

[adamstgBit]

You can feel depression setting in, people are so irrational... keep sucking GOX, soon it will be time to capitalize on the fear  


  **wonders just how low it will go

[Gabi]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.

Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

[ElectricMucus]

You can feel depression setting in, people are so irrational... soon it will be time to capitalize on the fear   


  **wonders just how low it will go

Once they panic.

[Ente]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.

Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

I read the cargo-cult wiki, but don't get the reference in context of exchanges.
Someone care to enlighten me?

Ente

[Digikeys]

That wall is taking a beating!!

[Geddi]

Looks to me like it's being slowly bulldozed down by a 1200 coin wall...

you mean beardozed

  

going down
http://www.youtube.com/watch?v=_2s7WMVMDjU

$100 is the new $5
$99 is the new $5
$98 is the new $5
$97 is the new $5

[ElectricMucus]

Could there be a sittiuation, where gox not have the amount of fiat people want out

if this is true , it could be the end(?) of bitcoin

Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult.
Bitcoin doesn't need them to survive.

Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult

I read the cargo-cult wiki, but don't get the reference in context of exchanges.
Someone care to enlighten me?

Ente

It's the whole "big finance" attitude that is being parroted, without recognizing what the practical use of BTC really is. All those types pretending to be on wall-street and such, it goes deeper than that... you can read more about it here: http://buttcoin.org/the-cargo-cult-of-bitcoin

It's written a little with a tongue in cheek attitude, but there is some ultimate truth to it.

[rothschild_666]

How does the notion of a cargo cult apply here? 

[cedivad]

[SlipperySlope]

I am getting a whiff of capitulation in that big drop from 94 down to 88.

Lots more of that with the six months to come I think.

[wonkytonky]

hehe people wonder why walls are put up to drive price down..

look at mac cd   iz gonne blow .. to the heavens..  and beyond