20k BTC is dumped on the market in the last twenty minutes.
Weak hands delivering the btc to hungry buyers waiting about 100. I picked up a bunch just now, had left an order never imagining it could go that low....
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 142. (Read 1811564 times)
I picked up a bunch just now, had left an order never imagining it could go that low....
This seems so suspicious, why do ALL bitcoin price related sites go down at the exact moment of a dump, you would expect them to slowly go down as more people became aware and went to check the prices.
because they are all hooked to mtgox and get overloaded by goxes data perhaps, personally Im going to move to another exchange, volatility is good but not if you cant see and trade it 
Christ, dump is now at 56k BTC. Fucking idiots.
The idiot mass at work. 
Christ, dump is now at 56k BTC. Fucking idiots.
€ at double digits 
This seems so suspicious, why do ALL bitcoin price related sites go down at the exact moment of a dump, you would expect them to slowly go down as more people became aware and went to check the prices.
We will see double digits tommorow in my opinion. But this is good for newcomer like me 
Wishful thinking. You will see.
Every dream ends...However... there is also often a new dream..
20k BTC is dumped on the market in the last twenty minutes.
Weak hands delivering the btc to hungry buyers waiting about 100. 
lag again....
20k BTC is dumped on the market in the last twenty minutes.
Can anyone reliably follow the price right now?
Where the hell are all the asks? It says only 23s lag, but it sure as hell looks like it's lagging again.
Lag is building now. Here we go again.
Fuck it, I'm all out, red lag again. Enjoy my cheap coins.
Testing the wall at $120.
$120 is down, five minute lag.
Lag is building now. Here we go again.
Fuck it, I'm all out, red lag again. Enjoy my cheap coins.
Testing the wall at $120.
$120 is down, five minute lag.
Mt. Gox needs to implement some sort of spam filtering on small orders. Lowering their volume might be a good start to help out the lag/panic issue.
Boy this sure looks legit to me...
Boy this sure looks legit to me...
Check out all the 0.03 on the book, currently.
Tablet fail, I edited my post
Mt. Gox needs to implement some sort of spam filtering on small orders. Lowering their volume might be a good start to help out the lag/panic issue.
Boy this sure looks legit to me...
Boy this sure looks legit to me...
Check out all the 0.03 on the book, currently.
Mt. Gox needs to implement some sort of spam filtering on small orders. Lowering their volume might be a good start to help out the lag/panic issue.
Boy this sure looks legit to me...
Boy this sure looks legit to me...
I really wish ppl would stop calling for these kinds of actions. Bitcoins strength lies in its ability to create a truly free market. Putting regulations of any kind on its use is the same kind of thinking that got us here in the first place. If the market can't handle the use, adapt. Putting a bandaid on the problem, even for the short term, is not going to benefit us. I heard the same thing in threads about satoshidice spamming the block chain. Who's to say what tx's are right or wrong. If the system can't handle it, fix it. Don't allow some arbitrary power to control how you spend your money, and for gods sake, don't elect to have that freedom taken away from you.
It is very hard for me to draw the conclusion that the bitcoin hype is over.
If it goes down, media will be all over the "CRASH" headlines
If it goes up, there will be the corresponding interest
--
During 2011, maybe a million people heard about bitcoin, and got a seed sown into their heart to buy them when the time is right. It took them 1-2 years to get in. See the result.
Now, a conservative estimate is that 100 million have heard about it, and many/most HNWIs are among them.
I don't know what the price is tomorrow or 3 months from now, but a rather safe bet for the following 2 years is a 10-double. (Actual target 100-double).
All it takes is for the people who ALREADY heard, to get their mental processes right.
I bet even my father-in-law invests a minimum of € 10,000 into bitcoins in the next 2 years.
An € 10,000 counts when multiplied by a hundred million.
The probability for bitcoin to go to zero in 2 years, in my estimate, is 20-40%.
Therefore I am still all in with all the money I *can* afford to lose. Until there is something even close to these odds available.
Such as arbitrage trading. I employed a guy to do it, and his first 24 hours have raked in about $1500 with not much risk, as is the nature of arbitrage.
If it goes down, media will be all over the "CRASH" headlines
If it goes up, there will be the corresponding interest
--
During 2011, maybe a million people heard about bitcoin, and got a seed sown into their heart to buy them when the time is right. It took them 1-2 years to get in. See the result.
Now, a conservative estimate is that 100 million have heard about it, and many/most HNWIs are among them.
I don't know what the price is tomorrow or 3 months from now, but a rather safe bet for the following 2 years is a 10-double. (Actual target 100-double).
All it takes is for the people who ALREADY heard, to get their mental processes right.
I bet even my father-in-law invests a minimum of € 10,000 into bitcoins in the next 2 years.
An € 10,000 counts when multiplied by a hundred million.
The probability for bitcoin to go to zero in 2 years, in my estimate, is 20-40%.
Therefore I am still all in with all the money I *can* afford to lose. Until there is something even close to these odds available.
Such as arbitrage trading. I employed a guy to do it, and his first 24 hours have raked in about $1500 with not much risk, as is the nature of arbitrage.
I agree with your conclusion, but not with your estimate of Bitcoin going to zero. In my opinion the only reason for Bitcoin to go to zero is when the protocol is broken beyond repair and the chance of that happening is well below 1%.
The second worst case scenario would either be a serious bug which would result in double spending being possible and/or a prolonged chain fork, which could be repaired after some downtime. A lot of people would lose faith in the protocol for a very long period if such a thing is going to happen. I estimate the chance of this happening at 1 or 2 percent.
A third worst case scenario would be a ban of Bitcoin by several nations joining forces. If that would happen there are still many nations and people who don't care about the law anyway, who would give Bitcoin a huge value. Estimate: 5%
A fourth worst case scenario is a prolonged bear market, akin to late 2011. We would just have to wait longer for Bitcoin to conquer the world, but it will eventually. I estimate this at 20%.
That leaves around 70% chance that Bitcoin will dominate the world within this year and reaches a value of around $100bn.
We will see double digits tommorow in my opinion. But this is good for newcomer like me
Wishful thinking. 
*snip*
You sir, are one of the sanest and sage voices on the matter.
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