Wall Observer - MtGoxUSD wall movement tracker - page 315.

mccorvic

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Quote from: zkay on April 02, 2013, 07:55:21 PM

Quote from: mccorvic on April 02, 2013, 07:51:48 PM

Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

This is my thought exactly Cheesy

This is one of my favorite things about bitcoin. It allows you to go sleuthing with pure data. I LOVE IT

Weren't they hacked and those coins are now in control of some blackhat hacker? If so, that doesn't bode well. What if he dumps?

https://bitcoin-central.net/

They're saying that the coins are safe.

chrsjrcj

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Quote from: ?? on ??

Quote from: Cablez on April 02, 2013, 07:44:46 PM

Quote from: Crazy on April 02, 2013, 07:40:43 PM

oakpacific, can you explain that?

He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say.

If we assume that these coins are the minimum age for that graph (exactly 1 year old), then we can do 16,000,000 days destroyed / 365 days = 43.8k coins moved!

If 43k BTC get dumped all at once, it would drop the price down to ~$85.

Bring on the fire sale!

oakpacific

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Quote from: samson on April 02, 2013, 07:52:20 PM

Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

Maybe it's the money used to pump up LTC

Could be.

oakpacific

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Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

I am not sure, but the days destroyed metric is notoriously hard to interpret. Supposedly all the "younger than 1 year" coins are filtered, and instawallet's old cold coins were less than 1 year old. http://blockchain.info/address/1FrtkNXastDoMAaorowys27AKQERxgmZjY

zkay

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Quote from: mccorvic on April 02, 2013, 07:51:48 PM

Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

This is my thought exactly Cheesy

This is one of my favorite things about bitcoin. It allows you to go sleuthing with pure data. I LOVE IT

Weren't they hacked and those coins are now in control of some blackhat hacker? If so, that doesn't bode well. What if he dumps?

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: chrsjrcj on April 02, 2013, 07:53:04 PM

I think the deal with Bitcoin days destroyed is how long it has been since those coins have been moved from one address to another, correct? So the Instawallet coins would only be a couple days old and not have much of an impact on that graph?

It was their cold storage though, implying that most those coins weren't supposed to be moved around all that often.

chrsjrcj

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I think the deal with Bitcoin days destroyed is how long it has been since those coins have been moved from one address to another, correct? So the Instawallet coins would only be a couple days old and not have much of an impact on that graph?

samson

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Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

Maybe it's the money used to pump up LTC

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Piper67 on April 02, 2013, 07:49:35 PM

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

This is my thought exactly Cheesy

This is one of my favorite things about bitcoin. It allows you to go sleuthing with pure data. I LOVE IT

Piper67

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Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Are you sure it's not the Instawallet/Bitcoin Central coins?

Crazy

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Quote from: Cablez on April 02, 2013, 07:44:46 PM

He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say.

Thanks. Wasn't sure if it meant previously thought as destroyed coins or coins that weren't considered destroyed but have been inactive for some time. Not sure there's a difference but thanks for the clarification.

Cablez

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I owe my soul to the Bitcoin code...

Quote from: Crazy on April 02, 2013, 07:40:43 PM

oakpacific, can you explain that?

He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

Wonder how much of that could have been the Instawallet cold storage move. Kinda lines up I believe.

Spaceman_Spiff

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Quote from: oakpacific on April 02, 2013, 07:39:32 PM

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

And we all know how badly bitcoin suffered in February... Wink

fair warning though.

Crazy

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oakpacific, can you explain that?

oakpacific

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http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

WARNING: A large amount of "cold" bitcoins get moved yesterday, this movement is the largest since the beginning of February.

BitcoinTate

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Activity: 224

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DigiByte Founder

Quote from: ?? on ??

How high can we go, at this speed? Holy cow.. Shocked

The last couple weeks the Mt. Gox price has followed BTC China with a 12- 24 hr delay. BTC China currently @ $131.

hyphymikey

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Quote from: Beta-coiner1 on April 02, 2013, 07:11:03 PM

Quote from: hyphymikey on April 02, 2013, 06:55:22 PM

I should have held on to all my LTC, I'd be dumping them right now into BTC and then into USD to catch the next dip.

The fundamentals still have not changed for the rally though.I don't think anyone can predict if there are going to be any dips at this moment.

I was mostly surprised about the huge rise of LTC today. I had about 25% of my "bitcoin money" in LTC but sold 3 days ago, waiting for bitcoin to break 100USD. I figured the increase in bitcoin would be higher. I was wrong, but I doubt LTC will be keeping up, looks like its going down already. Unless Gox really is bringing in LTC.

DougTanner

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