Wall Observer - MtGoxUSD wall movement tracker - page 1184.

Technomage

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Quote from: cypherdoc on June 15, 2012, 12:10:27 PM

how can anyone say we have a Mania?

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise? it's been remarkably civil around here during this latest rise since February.

Indeed I honestly feel that this rally is very likely one of the most sound and legitimate increases in Bitcoin's value ever. I'm not discarding mania and a possible bubble later, but I'm not seeing that right now. There is not much panic buying going on, that is a good sign of an impending bubble. Safe for now.

cypherdoc

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how can anyone say we have a Mania?

how many remember all the ridiculous threads that were started back in Dec/Jan as we started the rise? it's been remarkably civil around here during this latest rise since February.

FreeMoney

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Strength in numbers

I spy with my little eye: 40k at 5.70

Technomage

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We are nowhere near a bubble right now. We might form one later if the momentum keeps rising but I'm skeptical about that. Most of the people in this market are fairly conservative, as long as that's true it's unlikely that we'll have a bubble. With conservative players you'll have increasing amount of fear and expectation of a correction the more the price rises. Last summer was different because we had so many gold diggers and so much of it was just pure hype.

This is Bitcoin growing and increasing its market cap, which is excellent. A bubble is possible but not especially likely I think. I'm keeping all options open though, let's just see how it goes. Of course I'm talking about large bubbles when I refer to a bubble, small ones come and go naturally all the time.

notme

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Quote from: waspoza on June 15, 2012, 10:49:41 AM

Quote from: cypherdoc on June 15, 2012, 10:38:52 AM

Quote from: proudhon on June 15, 2012, 10:33:33 AM

It's starting to feel like spring 2011 around here again.

yes, it's time to strip that Bear off your avatar. Wink

Agreed. That bear dances way too long now. Tongue

Before long, here's how I imagine your avatar... I wish I had the artistic skills to make it

Dancing like now... red dot appears and centers on bears head... bear's head blown away... man looks around, smiles, takes all the bitcoins out of the bears pockets and walks away calmly.

arklan

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Quote from: waspoza on June 15, 2012, 11:32:43 AM

Quote from: elux on June 15, 2012, 11:14:43 AM

Quote from: proudhon on June 15, 2012, 10:33:33 AM

It's starting to feel like spring 2011 around here again.

Summer bubble incoming.

Its just correction of 2 month stall.

i sincerely hope you're right. last thing we need for the long term health of bitcoin is repeating massive unstability... even though it COULD net those of us watching like hawks loads of cash. heh.

waspoza

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Quote from: elux on June 15, 2012, 11:14:43 AM

Quote from: proudhon on June 15, 2012, 10:33:33 AM

It's starting to feel like spring 2011 around here again.

Summer bubble incoming.

Its just correction of 2 month stall.

elux

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Quote from: proudhon on June 15, 2012, 10:33:33 AM

It's starting to feel like spring 2011 around here again.

Summer bubble incoming.

Yuhfhrh

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Here we go!

jojo69

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diamond-handed zealot

pretty good volume on the sell side and price holding

??

profit

Yuhfhrh

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Quote from: trogdorjw73 on June 15, 2012, 10:55:00 AM

Question now is: how far will people be willing to push the price before someone takes a big old dump? It took a day or two to whittle down the $6 wall, so if people were hesitant to buy into $6, why would anyone want to buy into major slippage? Hopefully we get someone with a big wallet to give the price a nice push now....

I'm gonna take a guess and say we won't break $7.

trogdorjw73

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Question now is: how far will people be willing to push the price before someone takes a big old dump? It took a day or two to whittle down the $6 wall, so if people were hesitant to buy into $6, why would anyone want to buy into major slippage? Hopefully we get someone with a big wallet to give the price a nice push now....

Yuhfhrh

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