Wall Observer - MtGoxUSD wall movement tracker - page 25.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: The-Real-Link on April 15, 2013, 05:21:09 PM

Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s. Any chart shows there's been a decline for two hours already. Do people not like their profit? If they were desperate to cash out, IDK, $90 seems better than $70. Maybe it's just me.

Remember, not all sells are people cashing out at a miserable loss.

-Sold at $88
-Bought at 86
-Sold at 87
-Bought at 84
-Sold at 85
-Bought at 81
-Bought at 80
-Sold at 83
-Sold at 81
-Bought at 78
-Sold at 81

And so on and so forth. Some people have the patience and skillz to sit there and make money on the minute-to-minute. They're the "evil speculators" that our stereotyping occupy-wall-st bear crowd likes to complain about.

Brushan

member

Activity: 224

Merit: 10

Quote from: Terpie on April 15, 2013, 05:56:28 PM

Quote from: molecular on April 15, 2013, 05:49:32 PM

Quote from: Terpie on April 15, 2013, 05:47:49 PM

It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.

this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster.

If this does happen, would be interesting to see whether the trend of larger bubbles & faster crashes is the mechanism that gets Bitcoin to true mainstream adoption. At some point the volatility would have to just dissipate as adoption reaches its saturation point.

It's the only way i can see it.

Terpie

full member

Activity: 174

Merit: 101

Quote from: molecular on April 15, 2013, 05:49:32 PM

Quote from: Terpie on April 15, 2013, 05:47:49 PM

It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.

this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster.

If this does happen, would be interesting to see whether the trend of larger bubbles & faster crashes is the mechanism that gets Bitcoin to true mainstream adoption. At some point the volatility would have to just dissipate as adoption reaches its saturation point.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

less sale orders now, might not go much down anymore

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: molecular on April 15, 2013, 05:46:59 PM

If this insanity continues, at some point Mark Karpeles will have all the money.

EDIT: oh hey: no lag.. why? no ddos?

At this point, I think everyone should start accepting the following identity: Bitcoins = Kerpeles

Brushan

member

Activity: 224

Merit: 10

Quote from: molecular on April 15, 2013, 05:49:32 PM

Quote from: Terpie on April 15, 2013, 05:47:49 PM

It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.

this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster.

My thoughts exactly. Which means we'll make alot of money if it happens Grin

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Terpie on April 15, 2013, 05:47:49 PM

It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.

this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster.

Brushan

member

Activity: 224

Merit: 10

Quote from: jatajuta on April 15, 2013, 05:46:30 PM

Quote from: Brushan on April 15, 2013, 05:43:54 PM

Don't worry. The free market on MtGox will find a fair price. If the DDOsers and the lag allow it.

There hasn't been a significant amount of lag today. The market is improving and so will the price. Just maybe not today.

Terpie

full member

Activity: 174

Merit: 101

It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.

molecular

donator

Activity: 2772

Merit: 1019

If this insanity continues, at some point Mark Karpeles will have all the money.

EDIT: oh hey: no lag.. why? no ddos?

jatajuta

sr. member

Activity: 365

Merit: 250

Quote from: Brushan on April 15, 2013, 05:43:54 PM

Don't worry. The free market on MtGox will find a fair price. If the DDOsers and the lag allow it.

Brushan

member

Activity: 224

Merit: 10

Quote from: just1nmc on April 15, 2013, 05:40:30 PM

Quote from: Brushan on April 15, 2013, 05:38:02 PM

I'm definitively holding fiat for at least a week to see where everything is going.

Yeah.. that's the reason why it's been going down. Most people are waiting to see what will happen. And it's a lot more tempting to sell and secure profits than to buy and hope the trend reverses.

Don't worry. The free market will find a fair price.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: molecular on April 15, 2013, 05:37:39 PM

Quote from: ineededausername on April 15, 2013, 05:20:06 PM

is that a bullish H&S forming?

seems correct

Nah, this is bulls grasping at straws. It will not go to $150 this week, even $50 is more likely at this point.

I am not complaining, I am working 18/6 to increase my holdings. I got a serious headache getting fiat-rich a week ago, much better to be bitcoin-rich.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: Brushan on April 15, 2013, 05:38:02 PM

I'm definitively holding fiat for at least a week to see where everything is going.

Yeah.. that's the reason why it's been going down. Most people are waiting to see what will happen. And it's a lot more tempting to sell and secure profits than to buy and hope the trend reverses.

Brushan

member

Activity: 224

Merit: 10

I'm definitively holding fiat for at least a week to see where everything is going.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ineededausername on April 15, 2013, 05:20:06 PM

is that a bullish H&S forming?

seems correct

The-Real-Link

hero member

Activity: 533

Merit: 500

I think we would all agree that stability would be nice for a change.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

In addition, with these bombings in Boston tonight- I don't think Bitcoin is going to be getting much press coverage for the next couples weeks. I hate to think we might return to a period of fear. Conspiracy types might head toward bitcoin, but sometimes some level of uncertainty is just too much for some people.

Even worse would be is if someone starts talking about Bitcoin funding terrorism. :-(

The-Real-Link

hero member

Activity: 533

Merit: 500

Well, true. Every one of us has our own rationalizations and such, that's no problem. But hopefully we're going back up. A nice buy @ $80!

Edit. One split second too slow on the capture getting bumped off the charts. Was an ~1,100 coin buy. Nice.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 25. (Read 1811563 times)