Wall Observer - MtGoxUSD wall movement tracker - page 182.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: mccorvic on April 09, 2013, 10:45:16 PM

Quote from: Coincrazy on April 09, 2013, 10:40:34 PM

Quote from: wiak2 on April 09, 2013, 07:34:55 PM

MtGox queue up to 18400: http://www.reddit.com/r/Bitcoin/comments/1c10iv/whats_your_mtgox_que_number/c9byufq

New bie question

What's this queue ?

It's how many people are waiting in line to use MtGox.

To be clearer, it is the number of people who want to move >$5k per day into gox or >100 BTC per day out of it less the number of SEPA depositors, +/- all the fuzzy exceptions which gox only knows the full extent of.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Coincrazy on April 09, 2013, 10:40:34 PM

Quote from: wiak2 on April 09, 2013, 07:34:55 PM

MtGox queue up to 18400: http://www.reddit.com/r/Bitcoin/comments/1c10iv/whats_your_mtgox_que_number/c9byufq

New bie question

What's this queue ?

It's how many people are waiting in line to use MtGox.

Frost

hero member

Activity: 602

Merit: 508

BORING... we need increase now

Coincrazy

newbie

Activity: 28

Merit: 0

Quote from: wiak2 on April 09, 2013, 07:34:55 PM

MtGox queue up to 18400: http://www.reddit.com/r/Bitcoin/comments/1c10iv/whats_your_mtgox_que_number/c9byufq

New bie question

What's this queue ?

deepceleron

legendary

Activity: 1512

Merit: 1036

Quote from: BitcoinTate on April 09, 2013, 08:16:59 PM

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How many of those are signing up to cash out? 10% maybe?

Maybe more, you only find out you need to be verified (again) when you want to get your USD out.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: proudhon on April 09, 2013, 10:12:12 PM

Today in bitcoin: $3 million appeared on the order book, and then $3 million went away.

Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed.

*breathes sigh of relief*

I was worried there for a second, until I noticed the author's name.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: proudhon on April 09, 2013, 10:12:12 PM

Today in bitcoin: $3 million appeared on the order book, and then $3 million went away.

Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed.

Nice try. Most of those were walls that were put up well below market price, then pulled without being sold into. Specifically the last 1mil.

Don't worry. Keep tryin' and you might make a compelling argument. Someday.

EDIT: You even draw circles like a jerk.

proudhon

legendary

Activity: 2198

Merit: 1311

Today in bitcoin: $3 million appeared on the order book, and then $3 million went away.

Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Kazu on April 09, 2013, 09:08:08 PM

Quote from: BitcoinTate on April 09, 2013, 08:16:59 PM

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How many of those are signing up to cash out? 10% maybe?

I strongly feel the queue length is being manipulated. But I also doubt that 10% are signing up to cash out. I've yet to find someone with any significant amount of Bitcoin without a Mt. Gox account.

They have also hired a dozen people to process the queue, when there was only a couple of people doing the verification work a few months ago. So rate of decrease in backlog (without counting new sign-ups) is much faster.

Kazu

full member

Activity: 168

Merit: 100

Quote from: BitcoinTate on April 09, 2013, 08:16:59 PM

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How many of those are signing up to cash out? 10% maybe?

I strongly feel the queue length is being manipulated. But I also doubt that 10% are signing up to cash out. I've yet to find someone with any significant amount of Bitcoin without a Mt. Gox account.

giszmo

legendary

Activity: 1862

Merit: 1114

WalletScrutiny.com

Quote from: adamstgBit on April 09, 2013, 08:27:20 PM

Quote from: ?? on ??

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How long does it take to perform a verification? 10 minutes max? Just hire 20 temp workers.. shit you still can only do 1k verifications a day. *scratches head*

If everyone get verified at the same time price might bubble up, we wouldn't want that Tongue

I disagree. Sure all coming at once would leave no time for the coin holders to provide liquidity but at the same time the monsterous mtgox verification queue is taken far too much as an indicator that we are safe to hold our coins as long as more money is waiting at the gate.
What will happen when the queue gets shorter?
What will happen when all are verified?
You are all waiting to cash out on either of these dates and then you all try to front run the others. Sure thing. I prefer an honest market without such artificial delay.

||bit

hero member

Activity: 924

Merit: 506

Quote from: mccorvic on April 09, 2013, 08:38:07 PM

The 1mil-ish buy wall at 213ish has vanished. To where doth it gone?

My guess is that it's getting out to wait for a narrow trading range, then either creep in (if it's even possible to hide such an elephant) or jump out and cause the run up like a pretty lady in a surprise birthday cake.

||bit

hero member

Activity: 924

Merit: 506

Quote from: BitcoinTate on April 09, 2013, 08:16:59 PM

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How many of those are signing up to cash out? 10% maybe?

Cashing out wouldn't effect price though. Only the selling part, which could have been done before verification. It's just as safe to assume people are signing up to buy BTC. And perhaps it's a safer assumption. Why? Because I'd think that if you bought BTC off the grid, chances are you'd sell it off the grid just as well, and not everyone is a miner that has BTC to sell that was generated. But charts will tell, should be interesting either way you look at it.

mccorvic

hero member

Activity: 518

Merit: 500

The 1mil-ish buy wall at 213ish has vanished. To where doth it gone?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ?? on ??

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How long does it take to perform a verification? 10 minutes max? Just hire 20 temp workers.. shit you still can only do 1k verifications a day. *scratches head*

If everyone get verified at the same time price might bubble up, we wouldn't want that Tongue

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Quote from: Gatekeeper on April 09, 2013, 08:09:18 PM

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

How many of those are signing up to cash out? 10% maybe?

Gatekeeper

sr. member

Activity: 358

Merit: 250

Quote from: Gatekeeper on April 08, 2013, 09:28:54 PM

Quote from: Gatekeeper on April 08, 2013, 11:21:28 AM

i was 14,250 in gox queue on Saturday, now i'm 11,800

one day later and i'm only 11,620 Sad

Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday?

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: wiak2 on April 09, 2013, 07:34:55 PM

MtGox queue up to 18400: http://www.reddit.com/r/Bitcoin/comments/1c10iv/whats_your_mtgox_que_number/c9byufq

Based off that thread, 6,000 people applied to be verified in the past two days. Crazy.

wiak2

sr. member

Activity: 560

Merit: 250

MtGox queue up to 18400: http://www.reddit.com/r/Bitcoin/comments/1c10iv/whats_your_mtgox_que_number/c9byufq

Beta-coiner1

hero member

Activity: 532

Merit: 500

Quote from: mccorvic on April 09, 2013, 02:16:37 PM

I haven't found the bitcoin days destroyed to be much an indicator of anything. We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps

Well,this was the original article I read that mentioned about the upcoming dump(s).

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 182. (Read 1811564 times)