Wall Observer - MtGoxUSD wall movement tracker - page 1142.

niko

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Activity: 756

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There is more to Bitcoin than bitcoins.

Quote from: ElectricMucus on July 25, 2012, 06:33:15 PM

Quote from: byronbb on July 25, 2012, 06:29:39 PM

Quote from: humanitee on July 25, 2012, 05:55:42 PM

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

I still think price is going below $8....

ElectricMucus

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Marketing manager - GO MP

Quote from: byronbb on July 25, 2012, 06:29:39 PM

Quote from: humanitee on July 25, 2012, 05:55:42 PM

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: humanitee on July 25, 2012, 05:55:42 PM

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

There is rumour that this community is a very small part of the actual bitcoin economy.

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: humanitee on July 25, 2012, 03:46:33 PM

If buying doesn't pick up I expect the market will go down before the end of the weekend.

If selling doesn't pick up I expect the market will go up before the end of the weekend.

Quote from: Joric on July 25, 2012, 06:11:57 PM

Isn't it the same truck?

no, they are different trucks.

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

a nice little wall appears on the front lines

Joric

member

Activity: 67

Merit: 130

Quote from: LoweryCBS on July 25, 2012, 04:59:18 PM

Quote from: smoothie

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

Yes please!

(I'm gonna need a bigger truck)

Reminds me the geotagged location from BFL photos:

(http://goo.gl/maps/aeYj and http://goo.gl/maps/Xq3v respectively.)

Isn't it the same truck?

humanitee

hero member

Activity: 1302

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Don't worry guys, adam plays poker with Bitcoins, the price can only go up up up! (assuming he's very bad at poker) Wink

adamstgBit

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Quote from: humanitee on July 25, 2012, 05:55:42 PM

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

I buy ebay stuff with bitcoin

I always get a good 5-10% off because of the difference between virtex and mtgox

I bought some other things using bitcoin directly

also i am able to play poker with my friends using bitcoin, they dont own any bitcoins, because they "dont like taking risk, with what little money they have", yet they love to win my bitcoin.

the community is larger then you think,

Bitcoin's FAN base, is kinda like star trek's FAN base

small but dedicated

humanitee

hero member

Activity: 1302

Merit: 502

Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

If the price goes lower I'll be happy because I can buy cheap bitcoins. If it goes up I'll be happy because I'm worth more Cheesy

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: adamstgBit on July 25, 2012, 05:11:27 PM

Quote from: smoothie on July 25, 2012, 04:56:35 PM

Quote from: ElectricMucus on July 25, 2012, 04:53:13 PM

This gives us a better idea of what is actually happening

What?...that we know how hot or cold the market is?

dont kid yourself 8.40 is important

9.20 Is not a repeat of 7.20, something entirely different is happening

time will prove one of us right.

$8.40 isnt important...its just a number like $7.20 or $7.50.

humanitee

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Merit: 502

What do those colors mean? Without any legend that graph is indecipherable.

adamstgBit

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Quote from: smoothie on July 25, 2012, 04:56:35 PM

Quote from: ElectricMucus on July 25, 2012, 04:53:13 PM

This gives us a better idea of what is actually happening

What?...that we know how hot or cold the market is?

dont kid yourself 8.40 is important

9.20 Is not a repeat of 7.20, something entirely different is happening

time will prove one of us right.

LoweryCBS

sr. member

Activity: 364

Merit: 250

firstbits 1LoCBS

Quote from: smoothie

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

Yes please!

(I'm gonna need a bigger truck)

ElectricMucus

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Activity: 1666

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Marketing manager - GO MP

No it suggest something different than walls, those 2 zones are actual support and resistance.

adamstgBit

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Quote from: smoothie on July 25, 2012, 04:41:07 PM

Quote from: adamstgBit on July 25, 2012, 04:28:22 PM

Quote from: smoothie on July 25, 2012, 04:12:54 PM

Quote from: adamstgBit on July 25, 2012, 04:10:48 PM

Quote from: humanitee on July 25, 2012, 03:46:33 PM

If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess

Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate

If it's so strong why aren't we going higher?

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

give it a minute, the "stealth support" has already pushed us to 8.60 a few times

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: ElectricMucus on July 25, 2012, 04:53:13 PM

This gives us a better idea of what is actually happening

What?...that we know how hot or cold the market is?

ElectricMucus

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Marketing manager - GO MP

This gives us a better idea of what is actually happening

smoothie

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Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: adamstgBit on July 25, 2012, 04:28:22 PM

Quote from: smoothie on July 25, 2012, 04:12:54 PM

Quote from: adamstgBit on July 25, 2012, 04:10:48 PM

Quote from: humanitee on July 25, 2012, 03:46:33 PM

If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess

Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate

If it's so strong why aren't we going higher?

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1142. (Read 1811709 times)