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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 328. (Read 1811613 times)

hero member
Activity: 518
Merit: 500
Fundamentals look sound, boys.  Got 10mil in bids and asks are still strugglin to stay above 40k
full member
Activity: 224
Merit: 100
DigiByte Founder
i just bought some which means we are bout to go down big time. I'm just not good at making money this way
Have faith in the coin! Satoshi is cyberchrist! lol! Tomorrow will be a big jump, don't worry.
member
Activity: 158
Merit: 10
i just bought some which means we are bout to go down big time. I'm just not good at making money this way
hero member
Activity: 784
Merit: 1000
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.

Unless the hypothetical thief dumps all his coins at once I doubt we'll see anything to crazy.  The fork issue was a MUCH larger test of bitcoin than this.

I'm not sure, this may be true for us in the know how bad a double spend is. I doubt the general population can even relate to what that problem is. They can however relate to "BITCOIN HACKED UNSAFE SELL!" as we've witnessed before. I still doubt a large effect, though.

EDIT: journalists own coins Wink

+1

And about the EDIT, yes, you can turn nearly everyone into a evangelical of bitcoin with vested interest, without even having to disclose, isn't that kinda sinister? Wink
legendary
Activity: 2097
Merit: 1070
Any thoughts on where we will be by this time tomorrow? $115? $125?

I think $102-$109 if we're lucky.

If lots more asks aren't placed above $109 I suspect it's going to turn very bad very quickly.
full member
Activity: 224
Merit: 100
DigiByte Founder
Any thoughts on where we will be by this time tomorrow? $115? $125?
hero member
Activity: 784
Merit: 506
And in the meantime the bid/ask sum ratio is creeping back up again as the ask sum drops off.

hero member
Activity: 784
Merit: 506
3rd highest volume day and all time highest green volume @ $8,450,532.23 ...
...and the day's not over yet (but I'm going to bed!)

hero member
Activity: 533
Merit: 500
Watched that CNBC clip.  It seemed like they started off alright but they certainly didn't want to give the Expensify guy any chance of redemption at the end.  That's too bad.

Let us mere nerds continue on then and maybe once we hit $500, they'll change their tune.
hero member
Activity: 784
Merit: 506
hero member
Activity: 532
Merit: 500
106 all-time high
sr. member
Activity: 349
Merit: 250
105.80 again!
hero member
Activity: 518
Merit: 500
I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest.

And if then indeed goes down, hey... He was right  Wink

My theory is that proudhon made 100x his money by buying at 5c and selling it all at $5.
Now he hurts from kicking himself so much.

The question now is how high into triple-digits will we need to get until he starts warning us of "crash to double-digits!"?
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest.

And if then indeed goes down, hey... He was right  Wink

My theory is that proudhon made 100x his money by buying at 5c and selling it all at $5.
Now he hurts from kicking himself so much.
hero member
Activity: 533
Merit: 500
Ah, thank you.  I thought the B with the Fiat price below was someone cashing out and they received that much fiat.  There is still potential that all that coin could be used to buy, sell, or be used though.

Sorry to spook the thread but hey, now we know what a 6K transfer on LTB looks like Wink.
hero member
Activity: 784
Merit: 506
This wasn't appearing on Bitcoinity but someone, somewhere just did some insane buys.

Listen to Bitcoin is perhaps a nice secondary source to see insanity if you wish.







None of those huge buys showed up on Bitcoinity so if it's not coming from Gox, then where?

If those big bubbles didn't have both a Bitcoin and Fiat figure in them then they are not exchange trades but Bitcoin transactions that have come from the BlockChain.info api.  Most of those tiny bubbles with just btc prices too are the SatoshiDice betts being picked up.

That is not to say they weren't currency exchanges - the LocalBitcoin and other off-exchange exchanges are going to show up but it could just as well have been someone transferring bitcoin from one wallet to another of his own, an international transfer or whatever.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Real-Link, What makes you so sure those big transactions aren't real-world purchases of products, or inter-wallet transfers?
hero member
Activity: 784
Merit: 506

Wow, way to not let the only guy who knows a shred about Bitcoin talk.
Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate.
'Wow' was my first reaction too.  Yet if you think about it this seems to be what we need to be expecting really looking at what's come out in recent days.  I think it's even worse in the US because all these shows seem to have cheerful dumb one (I guess supposedly representing their viewership), a supposedly more informed one whose job it is to give a neutral analysis, you've got one 'expert' for and one against.  Of those only one will really understand for the simple reason the dumb one is dumb and won't get it, the 'informed' one will not stick his neck out but will want to sound knowledgeable whose focus is to ask questions that make him sound good but won't listen to the answers.  The chances of finding an 'expert' against who understands basically anything about Bitcoin is slim because if you understand it you most probably 'get' it and therefore won't be against it and the poor expert 'for' might understand it well enough to make business decisions based on his confidence in his own understanding but might not be familiar enough with the dumbest questions to be able to sneak in the 'best' answers in the few second gaps between when they all are talking over one another.

Way to go America Smiley
hero member
Activity: 533
Merit: 500
This wasn't appearing on Bitcoinity but someone, somewhere just did some insane buys.

Listen to Bitcoin is perhaps a nice secondary source to see insanity if you wish.







None of those huge buys showed up on Bitcoinity so if it's not coming from Gox, then where?
hero member
Activity: 518
Merit: 500

Wow, way to not let the only guy who knows a shred about Bitcoin talk.
Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate.

It's really a problem of letting "both sides" have an "equal" say.  The news org wants to appear unbiased and thus compelled to let a nay-sayer on for this reason no matter what the subject, but what happens is that it is infinitely easier for the nay-sayer to just make-up facts or talking points on the spot without any thought and, thus, get more talking time.
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