Wall Observer - MtGoxUSD wall movement tracker

[Brushan]

People have alot of money there. And i have never seen a better service. The owners are doing a great job. But of course BTC is risky business and it is up to you if you want to take those risks.

I think CaVirtex is planning on implementing margin trading too. I just don't know when.

[1714179052]

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[nameless888]

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

I'm new to this and can't even off the top of my head work out what your post means. (thanks if you can explain a bit though.) I'm just certain that there's groups out there trying to cause problems, and I don't think the currency should naturally be this volatile.

[Geddi]

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?  

They offer margin trading and shorting so you can lose more than you've got invested
Sure as hell delivers a better punch than any Vegas casino where you can't get any lower than broke.

To comfort you a little.. If funds get too low you'll get a margin call.

[Bowjob]

Fear...

[nameless888]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

[Brushan]

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?  

They offer margin trading and shorting so you can lose more than you've got invested
Sure as hell delivers a better punch than any Vegas casino where you can't get any lower than broke.

To comfort you a little.. If funds get too low you'll get a margin call.

You can't lose more than you've invested if you make a bad call. Only what you have deposited in your trading wallet.

[Brushan]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

[rpietila]

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.

Only the ones that have BTC or are willing to buy it, have a vote.

Ergo, 99% of the world's population do not, as they have never owned a BTC nor are willing to consider buying it in 2013, most often for the reason of not yet knowing about it. No matter how much some of them hope and believe that the price will go down, it will not do it because of their actions, (since they never acted).

If early adopters and disheartened speculators want to sell it down to $20 and buyers are greedy enough to collectively wait, well, it will go to $20. That is within the realm of possibility. Then we would be sitting on a mere 100% YTD gain. Single digits, no way. At that point I can buy the new supply daily, which kind of stabilizes the freefall  

Addressed to late speculators: Nobody forces you to sell your coins at $50. Why would you do it now, as you were not willing to sell them on our way up to $500. There was less supply to $500 that there is to $100 now. (Most of the "supply" now btw is fake walls - aha! on topic!! - of the people who are accumulating more)

[creativex]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

This was a much better idea $200 ago.

[just1nmc]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

[fitty]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

[just1nmc]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

I think we agree; I may have worded that poorly. Once we have a week or so of increase people will gain confidence again and start buying in. All I meant is that I don't think it's going to "explode" upwards, but rather a slow increase.

[Ares]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

+1. It's remarkable how quickly emotions (and thus, price), change in this market. The ATH of 266 will effectively lubricate the ride back up. Not saying we're at the bottom though (but 55 seems to be holding pretty strong)

[Brushan]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

Exactly my thoughts. I also meant that almost nobody has lost faith in Bitcoin. They sell so they can get more BTC when it hits bottom. Everyone is having their finger on the buy button just waiting for the bottom.

[Jaques]

at least there is no lag at mt.gox ...  

[ManBearPig]

I reckon that what anybody reckons is wrong.

I cashed out once I saw that $85 wouldn't hold - I have to preserve profits.

We need to start anew, smash all the fake walls, let Gox implement the change to block unfunded orders, bottom out and stabilise.

It's purely my opinion but it might not take another year to start picking up a la 2011-2012. The decline there took 3 months, we're barely 6 days in.

Again, pure speculation and I am prepared to be proven wrong.

[Brushan]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

I think we agree; I may have worded that poorly. Once we have a week or so of increase people will gain confidence again and start buying in. All I meant is that I don't think it's going to "explode" upwards, but rather a slow increase.

A slow rise in the bitcoin world looks like an explosion if you compare to other markets. So i think we meant the same thing  

[just1nmc]

It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)

I believe the price will keep going down for a little while and then explode. Most people are selling so they can buy lower. The day everybody start buying back the price will explode.

I don't think it's going to just explode up. Maybe a short upward correction, but it's going to take a little time and a slow rise to build confidence back.

Are you kidding? It was just at $266.

Once you have 4-5 days of gains, people will buy coins and stop selling coins. That's what happened before, each day people came back and the price has jumped. After awhile they started hoarding coins. There was so little supply the price skyrocketed. People want to believe, people want to buy in, you just have to give them a reason. It takes very little for people to get greedy. When the ATH is $266, people won't dump during a prolonged rally, they'll do the opposite and buy more.

I think we agree; I may have worded that poorly. Once we have a week or so of increase people will gain confidence again and start buying in. All I meant is that I don't think it's going to "explode" upwards, but rather a slow increase.

A slow rise in the bitcoin world looks like an explosion if you compare to other markets. So i think we meant the same thing  

Haha yes, slow rise in bitcoin terms of course 

[fitty]

I think we agree; I may have worded that poorly. Once we have a week or so of increase people will gain confidence again and start buying in. All I meant is that I don't think it's going to "explode" upwards, but rather a slow increase.

Ahh yeah. It will take some stability for sure. Solid gains for 4-5+ days, people will be foaming at the mouth for more. We just need to hit the bottom so we can start the ride all over.

The biggest problem with BTC atm is that someone has to hold it. Someone has to hold onto those 11 million coins. Right now there's not enough people willing to do that for any length of time. It's a lot of "hot potato" and no one wants to be left holding the bag. So we keep passing it around while the price keeps getting pushed down.

Eventually it will get so low, people will just be resigned to holding the coins. Right now no one wants to hold coins that are hemorrhaging value.

[pinger]

WOW someone just sold 2546.32   a few seconds ago   40.00