Wall Observer - MtGoxUSD wall movement tracker

[humanitee]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

I can't speak for gold and silver, but the problem with Bitcoin is its' users all consider themselves 1337 traders and aren't that interested in using it as a currency.

[jojo69]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

the world economy is in recovery! no need to worry anymore  

also, didn't you hear, the central banks all decided to stop debasing the currencies

[batcoin]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

the world economy is in recovery! no need to worry anymore  

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

the world economy is in recovery! no need to worry anymore 

also, didn't you hear, the central banks all decided to stop debasing the currencies

You mean we can start trusting fiat again? xD

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

I can't speak for gold and silver, but the problem with Bitcoin is its' users all consider themselves 1337 traders and aren't that interested in using it as a currency.

I suspect that a number of gold and silver types also consider themselves 1337, just spelled differently.

[fcmatt]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

the world economy is in recovery! no need to worry anymore  

more likely gold and silver was horribly over priced compared to what it actually cost to bring it out of the ground and sell it.
eventually miners caught up to demand as well as buyers decided they no longer desired to have as much.

[Brushan]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

[samson]

they're doing pretty good with lag, max 7 seconds and it went down in one.

I saw 20 seconds at one point on the IRC. It didn't last long though.

[00:36] <gribble> BTCUSD ticker | Best bid: 91.55000, Best ask: 92.00000, Bid-ask spread: 0.45000, Last trade: 92.00000, 24 hour volume: 150121.79836125, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.43328
[00:38] <gribble> MtGox lag is 19.233831 seconds.
[00:39] <gribble> MtGox lag is 20.502757 seconds.
[00:39] <gribble> MtGox lag is 1.515664 seconds.
[00:39] <gribble> BTCUSD ticker | Best bid: 89.16000, Best ask: 89.30000, Bid-ask spread: 0.14000, Last trade: 89.30000, 24 hour volume: 154654.33890230, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.30519
[00:44] <gribble> BTCUSD ticker | Best bid: 89.00000, Best ask: 90.00000, Bid-ask spread: 1.00000, Last trade: 90.00000, 24 hour volume: 157349.67463144, 24 hour low: 84.43689, 24 hour high: 102.00000, 24 hour vwap: 94.20760

[Jaques]

How does the notion of a cargo cult apply here? 

you can't see it at all?  

[samson]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I think people see falling prices so unless they're going to trade the swings they will wait for it to bottom out before buying.

[notme]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

Tons: https://bitcointalk.org/index.php?topic=68655.0

[relm9]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.

[Brushan]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.

I agree. I held my BTC that use for speculating just to see what would happen today. I sold at 96 and waiting for bottom to buy in again.

[MikeH]

more likely gold and silver was horribly over priced compared to what it actually cost to bring it out of the ground and sell it.
eventually miners caught up to demand as well as buyers decided they no longer desired to have as much.

nah they're just being manipulated to fulfil some short orders and will recover soon.

[zarl]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

I've been saying the Gox verification queue isn't a surefire indicator the price will go up. A lot of those people probably want to buy in BUT not at $90-100 when the price just dropped by 50% over the last few days. I expect we'll bottom out at $50-60 soon.

I agree. I held my BTC that use for speculating just to see what would happen today. I sold at 96 and waiting for bottom to buy in again.

People see it was under 60 in weekend, waiting for same dip.. or lower

[dani]

not gonna happen.

[wonkytonky]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now hint hint hehe

[Richy_T]

How does the notion of a cargo cult apply here? 

you can't see it at all?  

Cargo cult is imitating the actions of others in the belief that it will bring about circumstances that aren't linked to those actions. I think I see what's being got-at but I don't think it really applies. I'll have to read the buttcoin article later.

[Richy_T]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now hint hint hehe

Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.

[sukiho]

Bitcoin is down ~10% currently. Anyone happen to take notice that gold and silver are also down ~10% right now? Any thoughts or knowledge about that?

I can't speak for gold and silver, but the problem with Bitcoin is its' users all consider themselves 1337 traders and aren't that interested in using it as a currency.

traders use it as a currency to buy $

[hobbes]

Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.

[adamstgBit]

What worries me the most is that it is Monday, fiat has entered the system and prices should have started to rise by now. Instead we are slowly going down..

there have been mondays when it was very slow ..  
i think people are just sitting their waiting for the price to stabilize..   so Am I
if some big fish suddenly buys a lot.. all want back in ..
if some big fish massivly dumps coins.. all want to sell.. if they are still holding coins after the big (crash/correction).

but looking at trend over the year.. we are still in bullish trend..   in my oppinion  

i wanne buy.. but i need a big fish to start it up again there must be a lot of cash flowing.. all who sold at +200$ are sitting on massive fiat funds..

they can buy realy cheap now hint hint hehe

Heh, yeah. When the price goes up, everyone rushes to buy. When the price grows down, everyone rushes to sell. When the price is kinda-sorta-doing nothing, nobody knows what the fuck to do.

so true...

the chart look good, i'm seeing a lot of volume when their is a small push down, everything is just fine