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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811508 times)
keewee
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April 16, 2013, 05:51:53 AM
 #23441

...and now a little support at $60, from all the people who missed at $55.... that's a corner turning right there....

In other news, the China markets are way below Gox, which is rare. I'm looking to see a spike there.

where and how do you see the china markets ?

#sorry_newbie_question

You can see all the markets here: http://bitcoincharts.com/markets/

Edit: and that's a LOT of red! lol

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Zangelbert Bingledack
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April 16, 2013, 05:54:27 AM
 #23442

Checking Reddit for signs of capitulation...

http://www.reddit.com/r/Bitcoin/comments/1cfv2t/im_bailing/

Mild, still could go lower, or not. I'm not gonna try to call the bottom, but neither $50 nor $30 would surprise me. Then back onto the 2013 exponential brontosaurus.
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April 16, 2013, 05:55:35 AM
 #23443

I seem to be a 50/50 guy now. Tongue
If I had to take a guess I would say it will slowly rise today in a fairly stable state.
In 18h I don't know what will happen.


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Frozenlock
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April 16, 2013, 05:55:59 AM
 #23444

Many will just bail without going back to reddit...
Coincrazy
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April 16, 2013, 05:59:25 AM
 #23445

...and now a little support at $60, from all the people who missed at $55.... that's a corner turning right there....

In other news, the China markets are way below Gox, which is rare. I'm looking to see a spike there.

where and how do you see the china markets ?

#sorry_newbie_question

You can see all the markets here: http://bitcoincharts.com/markets/

Edit: and that's a LOT of red! lol

thanks
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April 16, 2013, 06:00:19 AM
 #23446

LOL go get a new forum name! I'm the only NamelessOne around here!  Tongue Cheesy

Haha, good to see another nameless around!


Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price?
Krabby
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April 16, 2013, 06:02:00 AM
 #23447

LOL go get a new forum name! I'm the only NamelessOne around here!  Tongue Cheesy



Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price?

The sum volume of Bids/Asks.


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Zangelbert Bingledack
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April 16, 2013, 06:02:14 AM
 #23448

Many will just bail without going back to reddit...

True. Survivorship bias is always hard to remember to figure in.

Meanwhile, the fundamentals continue their exponential rise in awesomeness: Coinbase signed on OK Cupid, and Bitpay netted MetArt and all sister sites.
Ares
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April 16, 2013, 06:02:50 AM
 #23449

Pretty big sell just then, and it's coming right back
TsuyokuNaritai
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April 16, 2013, 06:03:01 AM
 #23450

Checking Reddit for signs of capitulation...

http://www.reddit.com/r/Bitcoin/comments/1cfv2t/im_bailing/

http://www.reddit.com/r/Bitcoin/comments/1cfv2t/im_bailing/c9g35ey

Quote from: DrMandible
You made an investment 4 days ago and now you're done?

When people talk about bitcoins going from weak to strong hands, they're talking about you.

^ This.

Zangelbert Bingledack
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April 16, 2013, 06:08:09 AM
 #23451

Another big piece of infrastructure rapidly coming online: http://www.reddit.com/r/Bitcoin/comments/1cfzru/openbitcoinstore_update_on_beta_we_started_29_new/
nameless888
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April 16, 2013, 06:13:20 AM
 #23452

LOL go get a new forum name! I'm the only NamelessOne around here!  Tongue Cheesy



Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price?

The sum volume of Bids/Asks.

I think I get it a bit more now, thanks.

As for the whole thing crashing : there's a massive amount of manipulation going on now, surely. The only way it can work is if people ignore all this madness and keep in mind that with more people using it things should get more stable. I mean the banking system for a start : if they want to try to mess up this whole thing, they just use their fiat money that's endlessly printed for them, buy loads of bitcoins, then try to flood and crash the market, right? Or just keep things going up and down all the time so they can work with the media to say that bitcoin is too volatile to be taken seriously.

I think MtGox are the least of our problems when looking at the bigger picture. Banksters are obsessed with controlling the money supply and this is a massive threat to them, (it's on the verge of going mainstream and is possibly the biggest threat to their money making they've faced since ancient times.) and I think they're causing a lot of this. It's annoying because it has so much potential, but needs more people using it to become more stable.
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April 16, 2013, 06:13:57 AM
 #23453

Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.

Where?  What credible exchange allows you to short?
Geddi
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April 16, 2013, 06:16:55 AM
 #23454

Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.

Where?  What credible exchange allows you to short?

Just borrow some coins  Shocked
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April 16, 2013, 06:18:56 AM
 #23455

Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.

Where?  What credible exchange allows you to short?

Just borrow some coins  Shocked

OK, so no credible exchange allows you to short then.

I'm sure some random chump is going to 'borrow' me a few hundred bitcoins
Brushan
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April 16, 2013, 06:19:42 AM
 #23456

Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.

Where?  What credible exchange allows you to short?

Just borrow some coins  Shocked

OK, so no credible exchange allows you to short then.

I'm sure some random chump is going to 'borrow' me a few hundred bitcoins

Bitfinex.com
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April 16, 2013, 06:20:10 AM
 #23457

Shorting bitcoins... this is not something I would do.  Undecided
zvs
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April 16, 2013, 06:22:07 AM
 #23458

Are we seeing a stable state?
Oo, I'm not going to let my greed get the best of me and short.
Ok... Maybe a little.

Where?  What credible exchange allows you to short?

Just borrow some coins  Shocked

OK, so no credible exchange allows you to short then.

I'm sure some random chump is going to 'borrow' me a few hundred bitcoins

Bitfinex.com

Bitfinex Terms of Service
Terms and Conditions
This platform is currently in Beta. Although we did implement already the security measure mentioned in the FAQ, you should understand that you should not invest more than you're can afford before we declare this service LIVE.

doesnt inspire much confidence. 

after it's live, i guess that means I can invest more than I can afford? 
nameless888
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April 16, 2013, 06:22:59 AM
 #23459

Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
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April 16, 2013, 06:24:10 AM
 #23460

Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
What, you think it was worth $250?

w/o the ability to short, there is a key moderating factor for these BS spikes missing
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