Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 131. (Read 1811599 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i saw some little trades come up on gox ..


0.03   9 minutes ago   124.90
mtgox   0.11   9 minutes ago   124.80
mtgox   0.20   9 minutes ago   124.00
mtgox   40.87   9 minutes ago    123.40

:-) it's UP  hehe

the must be doing some testing.
legendary
Activity: 1372
Merit: 1000
It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

Mt. Gox. is crashing the other exchanges, 6 weeks from now when the 200,000 new users do their analysis they will see the price never dropped @ Mt. Gox therefore it is the most stable exchange.
2 years from now people in the 10,000 post will be arguing whether or not the crash was actually a crash.

*Edit* They are selling all the new coins they got from the lag yesterday. 
legendary
Activity: 840
Merit: 1000
It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all


+1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up.
They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox.


sr. member
Activity: 411
Merit: 250
i saw some little trades come up on gox ..


0.03   9 minutes ago   124.90
mtgox   0.11   9 minutes ago   124.80
mtgox   0.20   9 minutes ago   124.00
mtgox   40.87   9 minutes ago    123.40

:-) it's UP  hehe
legendary
Activity: 2324
Merit: 1125
It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all


What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth.

sr. member
Activity: 280
Merit: 250
It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all

legendary
Activity: 1400
Merit: 1013
As long as people are spending bitcoins to buy stuff from merchants the payment processors need to sell BTC for local currency. If they can't sell on Mt Gox because it's closed for 12 hours they'll sell on other exchanges.
legendary
Activity: 1372
Merit: 1000
BTC is going to hit $5 if not lower, as soon as GOX opens. MARK MY WORDS! Already at $70 on BTC-e....

hahahha, good one Cheesy

Why do you laugh. If he is willing to sell for $5, I can save the trouble trying to log into Gox, and buy outright. Currently I can buy outright BTC40,000. PM me if interested.

PM me, too - I want in on this!
if you are in Canada, will pay $10 for all your coins, and anything under the CaVirtex for a fair amount.
legendary
Activity: 2324
Merit: 1125
The building across from my office looks like a nice place to jump.  Goodbye world.

just kidding I'm fine

not funny man.

You saw INAU posted it. He's one of the non-crazy ones Wink
newbie
Activity: 28
Merit: 0
trading goes on at the other exchanges ...

Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.


hmm , you're saying i can buy coins for $20 in couple of hours at bistamp?

cuz its so hard for the STATE-ians (USA) to get USD onto stamp the price has to be lower


Bitcoin at $50.05 a piece on Bitstamp site - 11 Apr 2013 [some time ago !!]
https://bitcointalksearch.org/topic/m.1807367
legendary
Activity: 1754
Merit: 1007
I think it's a wave of sales related to a large number of new inexperienced players on the market. They are very easy to fall into a panic and pulled the rest
legendary
Activity: 1754
Merit: 1007
Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15.

Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins.

Then the buyers see that orders go through, and raise the price to $150, which will become a new floor.

After 2 weeks the crash is forgotten except that some made a killing and some made a lot of dough.

As they say, you can't know if the trade was profitable until you squander all the proceeds.

Go to sleep, molecular. See you in 5 hours!  Grin Grin
100% agree with you. Guys, cancel all you sell orders today, now!!!
full member
Activity: 169
Merit: 100
Firstbits : 1Hannes
The building across from my office looks like a nice place to jump.  Goodbye world.

just kidding I'm fine

not funny man.
hero member
Activity: 574
Merit: 500
Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15.

Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins.

If Gox have any sense whatsoever, they will clear the order book before they re-open, like Vircurex did the other day.

If Gox have any sense whatsoever.

Hmm...
420
hero member
Activity: 756
Merit: 500
trading goes on at the other exchanges ...

Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.


hmm , you're saying i can buy coins for $20 in couple of hours at bistamp?

cuz its so hard for the STATE-ians (USA) to get USD onto stamp the price has to be lower
sr. member
Activity: 280
Merit: 250
All non-Canadian exchanges are crashing hardcore now. I guess the first wave of Mt. Gox. BTC is arriving on those exchanges...

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
The building across from my office looks like a nice place to jump.  Goodbye world.

just kidding I'm fine
foo
sr. member
Activity: 409
Merit: 250
Nice arbitrage opportunities right now... Buy on BitStamp at less than 70 dollars, sell on bitcoin.de for over 80 euros.
full member
Activity: 256
Merit: 100
Any reason the charts look like the Valhalla ride at Alton Towers today?
legendary
Activity: 1036
Merit: 1000
BTC is going to hit $5 if not lower, as soon as GOX opens. MARK MY WORDS! Already at $70 on BTC-e....

hahahha, good one Cheesy

Why do you laugh. If he is willing to sell for $5, I can save the trouble trying to log into Gox, and buy outright. Currently I can buy outright BTC40,000. PM me if interested.

PM me, too - I want in on this!
Jump to: