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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 384. (Read 1811605 times)

legendary
Activity: 1372
Merit: 1000
anecdotal evidence + ambiguous time frame + assumption based on anecdotal evidence = crash!

Just watch http://bitcoinity.org/markets from time to time and see for yourself.

I called bubble @ the 3rd ever run up to $15, I was so relieved to have cashed out 2/3's of all my coins before then.
I still think it's a bubble but hell I thought $2.60 per coin was risky too. Use the knowledge you have and learn from mistakes. If Bitcoin is going to be a big thing this growth is a little slow.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Just yesterday I've seen a bunch of canceled buy orders transformed into market orders. If this trend continues we will see drying up support pretty soon, right now people can still compensate by canceling sell orders so the overall order list looks the same.
Either way that are definitely the first signs of exhaustion.

I disagree with your conclusion. While buy orders may become market orders the graphs show no dramatic drop outside of the immediate buy events and have increased in general AND remain extraordinarily high.  Today had the highest buy order depth EVER and even right now is equal to the high of yesterday.

Sadly I don't know of any chart which graphs the slope of the orderbook over time. This concerns the upper half of the buy orders and is reversed for the lower half. So while the size of the orderbook is increasing at the same immediate liquidity dries up.
member
Activity: 82
Merit: 10
This is Bitcoin in my eyes right now:



In my eyes.



I agree.  This makes much more sense.
hero member
Activity: 518
Merit: 500
Just yesterday I've seen a bunch of canceled buy orders transformed into market orders. If this trend continues we will see drying up support pretty soon, right now people can still compensate by canceling sell orders so the overall order list looks the same.
Either way that are definitely the first signs of exhaustion.

I disagree with your conclusion. While buy orders may become market orders the graphs show no dramatic drop outside of the immediate buy events and have increased in general AND remain extraordinarily high.  Today had the highest buy order depth EVER and even right now is equal to the high of yesterday.
legendary
Activity: 1372
Merit: 1000
I come here to see high rollers (permabulls, bull buddies) convince each other to chip away at there inflatinflated walls.
This is my safe place on the forum.  Lets keep the argument of economics to another thread you'r giving me anxiety.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
anecdotal evidence + ambiguous time frame + assumption based on anecdotal evidence = crash!

Just watch http://bitcoinity.org/markets from time to time and see for yourself.
sr. member
Activity: 644
Merit: 250
OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure.

This is my belief.

MARKET DEPTH UPDATE:  Unchanged.  While the battle continues over 87 and 88 neither side shows any sign of exhaustion.  Bulls still have the monetary advantage.

Just yesterday I've seen a bunch of canceled buy orders transformed into market orders. If this trend continues we will see drying up support pretty soon, right now people can still compensate by canceling sell orders so the overall order list looks the same.
Either way that are definitely the first signs of exhaustion.

anecdotal evidence + ambiguous time frame + assumption based on anecdotal evidence = crash!
sr. member
Activity: 644
Merit: 250
This is Bitcoin in my eyes right now:



In my eyes.



This kind of thinking right here is one of the many reasons I love this forum!
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure.

This is my belief.

MARKET DEPTH UPDATE:  Unchanged.  While the battle continues over 87 and 88 neither side shows any sign of exhaustion.  Bulls still have the monetary advantage.

Just yesterday I've seen a bunch of canceled buy orders transformed into market orders. If this trend continues we will see drying up support pretty soon, right now people can still compensate by canceling sell orders so the overall order list looks the same.
Either way that are definitely the first signs of exhaustion.
hero member
Activity: 518
Merit: 500
OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure.

This is my belief.

MARKET DEPTH UPDATE:  Unchanged.  While the battle continues over 87 and 88 neither side shows any sign of exhaustion.  Bulls still have the monetary advantage.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Only the bears seem to be ignoring/not understanding the fundamentals, which is why I guess only the bears have been seeing a bubble since the 20s

I'd say I've seen a couple of small bubbles. The thing is that a bubble deflating in the face of an underlying increase can still lead to a positive gradient.

And don't forget, there can be negative bubbles too. Less likely with fedgov running the presses until they glow red hot but nonetheless...

The thing is, there certainly are the right conditions for a bubble. Too much cash with nowhere to go. OTOH BTC is undervalued right now so cash may not be inflating a bubble, just inflating a ball to the right pressure.

This is Bitcoin in my eyes right now:

legendary
Activity: 1708
Merit: 1020
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since  $15.

Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?

Another question: Why are you still posting here and not on chilling on your personal island?  Wink

Well, i got to my island, got internet service, and then realize I forgot to buy a boat.  Not much else to do put post.
LOL. I meant byron. Will ask you next year. Wink
420
hero member
Activity: 756
Merit: 500
Do it for any asset.

You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.

i think we need to define what is going up and what is going down
hero member
Activity: 518
Merit: 500
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since  $15.

Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?

Another question: Why are you still posting here and not on chilling on your personal island?  Wink

Well, i got to my island, got internet service, and then realize I forgot to buy a boat.  Not much else to do put post.
legendary
Activity: 1708
Merit: 1020
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since  $15.

Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?

Another question: Why are you still posting here and not on chilling on your personal island?  Wink
sr. member
Activity: 644
Merit: 250
Do it for any asset.

You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.

Gold, excluding minor dips, the bubble has yet to "pop"

Ok now at what point does a minor dip become a crash?
Was 31 to 2 a minor dip or a crash?

I don't have an objective answer to your first question, if you do, please share and site the source as I would love to learn!
Your second question is relative to the time frame; In August 2011 it looked like a crash, on March 27, 2013 it looks like a minor dip.

Neither of those points are relevant to the conversation at hand though.
full member
Activity: 182
Merit: 106
Far from it lol, just enjoying the discourse between competing passionate opinions.
legendary
Activity: 1106
Merit: 1001
Do it for any asset.

You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.

Gold, excluding minor dips, the bubble has yet to "pop"

Oxygen and water also come to mind. As do Palladium, Silver, Tungsten and most non-renewables, as well as some renewables, like wheat or soybeans. Even real estate qualifies. Even after the " real estate bubble" of 2008, prices are still ridiculously higher than they were in the 70's, 80's and most of the 90's.

I'm by no means a fanatic. I can think of two technical reasons why Bitcoin might fail, and at least two non-technical reasons why it might either fail completely or be successfully corralled. But I am also fully aware of its potential to change the way we humans understand value allocation and transaction, much in the same way the internet is in the process of fulfilling its potential to change the way we humans understand communication. That's it. No fanaticism of any sort here, just a calculated understanding of the probability for change.
hero member
Activity: 518
Merit: 500
Hey what's up,

My name is Piper67.

I point out logical fallacies like a boss and then use passive aggressive ad hominem.

Believe me, please!

Lol, you sound mad.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Do it for any asset.

You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.

Gold, excluding minor dips, the bubble has yet to "pop"

Ok now at what point does a minor dip become a crash?
Was 31 to 2 a minor dip or a crash?
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