Wall Observer - MtGoxUSD wall movement tracker - page 14.

Ente

legendary

Activity: 2126

Merit: 1001

Quote from: adamstgBit on April 16, 2013, 03:07:15 AM

its 4:00am people from the other side of the world are waking up to CHEEP ASS bitcoin, and i'm going to be a mess tomorrow at work! Grin

bitcoin....

so who took out loans at 120$ / BTC and is now in DEEP shit?
its to bad it had to end this way.

I put half of my cold-wallet coins on bitfinex.
Average buy at 92$.
Close to margin call now.

AND HOLDING!

Ente

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

You do have to ask yourself, what entry point does the big money wait for? $50? Lower?

And is a 25% (edit) upswing in an hour stabilised?

Answers on a postcard please, first one drawn from the hat wins a satoshi.

just1nmc

sr. member

Activity: 280

Merit: 250

If anyone wants some positive news from today:

http://thenextweb.com/insider/2013/04/16/okcupid-partners-with-coinbase-to-become-the-latest-web-service-to-support-bitcoin/

7 million users, not bad

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

its 4:00am people from the other side of the world are waking up to CHEEP ASS bitcoin, and i'm going to be a mess tomorrow at work! Grin

bitcoin....

so who took out loans at 120$ / BTC and is now in DEEP shit?
its to bad it had to end this way.

arklan

legendary

Activity: 1778

Merit: 1008

looking like we hit bottom at 50.01 on gox. rebound is holding steady with exponential average at 57 ish.

kingcrimson

legendary

Activity: 1025

Merit: 1000

Quote from: Ares on April 16, 2013, 02:55:33 AM

Quote from: ManBearPig on April 16, 2013, 02:45:58 AM

Quote from: Ares on April 16, 2013, 02:28:09 AM

I believe this is a necessary and inevitable cleansing.

Before this recent climb to 266, who were the ones with 4 figure amounts of coins? Largely, "weak hands". Now, I just witnessed multiple 4-figure btc sell-offs, and asked myself, who is buying? The answer: serious investors (yes, there are a lot who are just selling and buying back lower, but for the other cases...). Billionaire Kevin O'Leary, for example, was on the media the other day saying he was looking to invest 1%+ into bitcoin. He is not alone.

I believe we are witnessing the shift from the scared to the strong which had to happen sooner or later and "shook out the weak hands".

You can't say the fundamentals haven't significantly improved since the last bubble.

I bet it holds at $50

my quote from another thread

disagree, I would bet the vast majority of sellers are just trying to buy back in cheaper, creating a mountain of a snowball effect. In fact I bet this entire crash started with that in mind.

keewee

legendary

Activity: 1025

Merit: 1000

just1nmc

sr. member

Activity: 280

Merit: 250

Big buys going on in the $50s. Have to admit, it's an attract price considering how fast the crash has been.

I don't think we'll see much support build up at higher prices though.

Ares

full member

Activity: 238

Merit: 100

Quote from: ManBearPig on April 16, 2013, 02:45:58 AM

Quote from: Ares on April 16, 2013, 02:28:09 AM

I believe this is a necessary and inevitable cleansing.

Before this recent climb to 266, who were the ones with 4 figure amounts of coins? Largely, "weak hands". Now, I just witnessed multiple 4-figure btc sell-offs, and asked myself, who is buying? The answer: serious investors (yes, there are a lot who are just selling and buying back lower, but for the other cases...). Billionaire Kevin O'Leary, for example, was on the media the other day saying he was looking to invest 1%+ into bitcoin. He is not alone.

I believe we are witnessing the shift from the scared to the strong which had to happen sooner or later and "shook out the weak hands".

You can't say the fundamentals haven't significantly improved since the last bubble.

I bet it holds at $50

my quote from another thread

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Maybe LulzSec orchestrated a DDoS on the atomic integrity of gold - take that US Government!

Ahem, sorry.

zarl

member

Activity: 70

Merit: 10

Quote from: Crazy on April 16, 2013, 02:40:42 AM

Quote from: just1nmc on April 16, 2013, 02:39:34 AM

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

100% and they will keep on.. fucking this up forever

But there is money to be made on it.. until they start mess with exchanges bank acounts.
I wouldent be supriced if people one day not can withdraw anything

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: Crazy on April 16, 2013, 02:40:42 AM

Quote from: just1nmc on April 16, 2013, 02:39:34 AM

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

I don't think you're 100% wrong. My headgear is also becoming increasingly reflective...

Crazy

full member

Activity: 182

Merit: 106

Quote from: just1nmc on April 16, 2013, 02:39:34 AM

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

just1nmc

sr. member

Activity: 280

Merit: 250

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Just can't believe the validity of these walls.

How much of 20K at $50 are funded Bids?

just1nmc

sr. member

Activity: 280

Merit: 250

I'm just wondering who's going to be willing to sell coins at these prices.

BTC21k for $50, BTC65k for $40, BTC116k for $30...

Of course bids can be pulled. Guess we'll be seeing soon.

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Three big dumps at 6:09 6:39 and 7:07

Let's see what happens at 7:37 Lips sealed

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Given the shape of the chart now, I'd be a little surprised if $50 holds. We might have to go back down as far below the exponential trendline as we did above it. We got to 4x the trend (4 x 65 = $260), so we *might* need to capitulate at 1/4x the trend (65/4 = $16.25). That's the lowest I can conceive us going, barring bad news. $30 seems more plausible, and $50 may even hold.

In any case, exponential growth will resume, counting from $70. If we go all the way down to the teens it might take several months to recover from the technical damage, though.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: fitty on April 16, 2013, 02:11:19 AM

Quote from: Ares on April 16, 2013, 02:10:01 AM

Massive bid walls around 50

Yeah I'm interested to see if someone actually throws 15k coins at it.

Someones buying, so maybe.....

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 14. (Read 1811568 times)