Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1167. (Read 1811599 times)

sr. member
Activity: 387
Merit: 250
7.2 broken! Grin
legendary
Activity: 826
Merit: 1001
rippleFanatic
Maybe.  But I think that until adoption significantly increases, movements are going to trend down in intensity.  I don't see indications that adoption is increasing that much.  Of course, I might be on the verge of being proven wrong in a big way.  It's not that I have any more info than most everyone else, I'm just a lot more cautious having gone through the last year.

I'm seeing some indications, eg a guy on SETI at home considering mining, Butterfly Labs products being beautiful and *gasp* legit, and YCombinator investing in coinbase. Another thing surprising, last week a merchant I know was contacted through his site by a local magazine and asked to do an interview.

There's no uptick on google trends yet, but if we get over $10 I bet we see one.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

I agree.  We should be hitting $10 soon Grin
legendary
Activity: 2198
Merit: 1311
Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.

Maybe.  But I think that until adoption significantly increases, movements are going to trend down in intensity.  I don't see indications that adoption is increasing that much.  Of course, I might be on the verge of being proven wrong in a big way.  It's not that I have any more info than most everyone else, I'm just a lot more cautious having gone through the last year.
legendary
Activity: 826
Merit: 1001
rippleFanatic
Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.

Although the order book was lopsided then (though I don't think quite as much as now), remember that price had started from $2 that time. After the second bounce off $2, it was a cautious approach to $4-$5. But when $4-$5 broke, it gapped up to $7. What we're seeing now is a cautious approach to $7, and I expect a big gap up to follow, before any correction.

Trends are strong, and this one is still building momentum.
legendary
Activity: 2198
Merit: 1311
Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.

I think the volume is going to start filling back in, and in a big way.  Remember, things looked like this when we were knocking up against $7.22, and then very quickly the order booked flipped around and down we went.  This craziness is almost making me take 1000 or so bitcoins out of offline storage to sell.
legendary
Activity: 1008
Merit: 1000
legendary
Activity: 1615
Merit: 1000

If you believed a player was artificially holding the price down with a big askwall, it would make sense to call his bluff and buy out the wall.  But only if you could buy the whole thing!  If so expect those coins to reappear.  At this point I wonder if sellers are holding back just to see how high it will go.



It wasn't just an askwall, but a buywall as well. One that is still there, actually. Question is, are the same people behind the buywall as were behind the askwall?
legendary
Activity: 1246
Merit: 1010
so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
it was:
1 dude with Very deep pockets
10 dudes with deep pockets
10,000 dudes (and 1 girl) with pockets!

you decide which has more influence....

If you believed a player was artificially holding the price down with a big askwall, it would make sense to call his bluff and buy out the wall.  But only if you could buy the whole thing!  If so expect those coins to reappear.  At this point I wonder if sellers are holding back just to see how high it will go.

legendary
Activity: 1778
Merit: 1008
i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

lol,

why not buy more?
are you waiting for a better buying opportunity?


broke as all hell. Cheesy lost my meatspace job a bit ago, so looking for another while my ATI gpu chugs along. if i had some cash i could spend, i would absolutely be buying BTC right now.
sr. member
Activity: 252
Merit: 250
I'm waiting for a dip to 3 lol
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

lol,

why not buy more?
are you waiting for a better buying opportunity?
legendary
Activity: 1778
Merit: 1008
i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss



feel free to increase my supply. Cheesy

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i am LOVING my 20+ coins right now. Cheesy

more coins, more love  Kiss
legendary
Activity: 1778
Merit: 1008
i am LOVING my 20+ coins right now. Cheesy
legendary
Activity: 1764
Merit: 1002
Get ready; we're just $30k away from breaking the $7.22 record.

and when we do...my gaud, stand back.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Get ready; we're just $30k away from breaking the $7.22 record.
vip
Activity: 308
Merit: 250


This is odd.  MtGox reported $7+ for a while, but there really wasn't any change in volume.  I think something isn't working right, or almost all the asks were removed and somebody bought anyway, or some combination.

Hi, so everything is working what you saw is in fact "normal" this is due to our process always showing up the "LAST PRICE" regardless of the currency. Then this price is converted for your on our HP in USD for example.

I will check what can be done to make this better or at least give a warning at some point.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
it was:
1 dude with Very deep pockets
10 dudes with deep pockets
10,000 dudes (and 1 girl) with pockets!

you decide which has more influence....

I miss btccharts.  Come back.
yes me too I'm sad...
btccharts's web host is doing some maintenance and its taking longer then expected
vip
Activity: 571
Merit: 504
I still <3 u Satoshi
so what was it, one dude with deep pockets bought everything from 6.80 to 7$?
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