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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 224. (Read 1811564 times)

full member
Activity: 224
Merit: 100
DigiByte Founder
So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.
+1
legendary
Activity: 840
Merit: 1000
This feeding freezy is enjoyable to watch. Bullsharks, DEVOUR!!!!
hero member
Activity: 518
Merit: 500
So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.
full member
Activity: 224
Merit: 100
DigiByte Founder
sr. member
Activity: 378
Merit: 250
Bitcoinity roller coaster!
hero member
Activity: 501
Merit: 500
I think the lag exacerbates these intraday swings. Bot trading is very risky with the lag and so bots can't act as a stabilizing force when human traders make large orders and sweep the orderbook. Without the lag bots would instantly fill both sides of the spot price after a large order, making the swings less pronounced.
member
Activity: 112
Merit: 10
btcchina much more relaxed ...
member
Activity: 82
Merit: 10
Up we go... Bitstamp at $190.
Excuse me... $195.
member
Activity: 158
Merit: 10


You know this for sure because?

Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.

Bitcoin cannot be compared to any other commodity at this point.  We are in uncharted territory.  Expect this kind of volatility going forward.  These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise.  Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend
and you know this how?
member
Activity: 82
Merit: 10
Up we go... Bitstamp at $190.
sr. member
Activity: 280
Merit: 250
Almost $10 Bid/Ask spread

newbie
Activity: 28
Merit: 0


You know this for sure because?

Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.

Bitcoin cannot be compared to any other commodity at this point.  We are in uncharted territory.  Expect this kind of volatility going forward.  These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise.  Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend
member
Activity: 112
Merit: 10
I think we've hit the bottom.

It does seem we have.

not convinced yet, still too much lag ...

edit: ok maybe that was it (or today)
member
Activity: 82
Merit: 10
I think we've hit the bottom.

It does seem we have.
member
Activity: 112
Merit: 10
sr. member
Activity: 280
Merit: 250
Back up! Just temporary?

full member
Activity: 280
Merit: 102
I think we've hit the bottom.
hero member
Activity: 1302
Merit: 502
Down we go again. Am I posting too many wall pics? Tell me to slow down if it's annoying.

Keep'em coming. It's helpful for people who are asleep or aren't able to watch the market all day.
member
Activity: 64
Merit: 10
Bought 265BTC for $37.70 for $10k at the beginning of march, sold them all off today at $191 for just over $50k.
member
Activity: 112
Merit: 10
It's only fun when i'm fiat D:

didn't you sell @195 & buy back @185?  Roll Eyes

(see your post above)

Yes, but it makes me sad I did not make more.

alright, now i remember, you've been shorting, selling coins you never owned ...
did you ever "really" buy some?

 
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