Topic: Wall Observer - MtGoxUSD wall movement tracker - page 39. (Read 1811568 times)

sound like right for me
to both hold $ and btc, i need learn this shit
its funny i like it

if you're going to panic sell at 88 then find a good place to sell all your coins at 95+ when it goes up and stay out of the market for a little while

Do what I did, buy and hold. Accumulate enough coins to be comfortable then just grab the popcorn and sit back and relax. If the price goes up you'll gain value on what you hold. If it goes down just keep some fiat handy to pick up a few more when the price is right for you. Far less stressful  

it probably will, lol

Fuck, this btc buisness is big stress
i not get any sleep, and need go to work also ;( lol

i just sold at 88, but if i have my usual luck
it will go back up now

anybody else saw that 1kBTC buy @88,xx???

Got back in @ 90... hope I don't regret this

Looks like it's "Dump & DDoS" time again.

Doesn't seem to have worked though, no gox lag and no panic (yet).

Going down

what is going on ;(  how low you think it drop

Fear phase begin

5k sale, bots fight to keep it over 90

There is A LOT of money sitting on exchanges and bank accounts waiting to buy in at a lower price that are not reflected in the bid side of the order book. People who wish to buy lower tend to wait for the price to get close to or at their buy price before they place the order, especially large investors. If I wanted to buy say 10,000 coins @ $70, I would not place the order now because that would create a visible demand which would have the effect of pushing the price up as other investors bid above my wall. The best strategy therefore would be to wait for the price to drop to $70 and buy in smaller increments. Lets say there are 10 people wanting to buy 10,000 coins each @ $70. That alone is $7 million of demand not reflected in the bid side of the orderbook.

Also Mt. Gox is only one exhchage (albeit the largest). All the other exchanges combined have millions of dollars in visible demand and don't forget all the off exchange, cash and OTC demand and all the new demand that will be coming in shortly from the recent global media attention.

I can't believe I'm sticking up for EM but it is the place for speculation and I'm beginning to think maybe sometimes even if it is a load of bollocks (and it's not like we bulls never come up with any ludicrous hypotheses) it may be a little healthier to get some opposing opinion into the mix now and again?  Dunno!

Nothing has changed in my reasoning behind my assessment of the probability of Bitcoin's future (which I wrote about a few pages back) and nothing has changed in terms of my strategy (simply hold till bright future, till zero or till something better comes along).  I always acknowledged and insisted to everybody I talked about Bitcoin with that it could go to nothing and that for it to be used as a transfer of wealth it doesn't matter whether its price is a penny or a million.  I knew and accepted the risk that I could lose everything I have put into it.  Yet at some level I had convinced myself that it wouldn't happen.  Now that possibility feels more real which I think gives me a more open perspective to listen to without laughing at the bears (I'm talking those with something constructive to say, not the trollers).

It's funny writing this seems almost like a confession which is actually quite funny.  Anyhow, talking of throwing things into the mix if anyone has any thoughts on this please fire away

It's better to already have the fiat orders in place. Once Gox starts lagging, it wont be accessible anymore.

_{PS. Ignoring someone may also keep you from reading a good idea in a next post. Why would you want to miss out on that?}

Someone got to gox about the bots?!!  

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Yeah, I realize this, but I think the majority will wait till we hit in the range of the previous ATH at least before we see any real buying again.

That is certainly a possibility...

Consider this: Current "market valuation" is > 1.2 Billion USD.

There is roughly $10M between us, now, and 30 USD/BTC.

All it takes is for one thousand people to claim $10K each,
or for 10 000 people claim $1000 each, we land < 30 USD /BTC.

Even worse, there is but $13M between us, now, and $0.0001/BTC.

Most of you have never seen Bitcoin in a bear market.

Better hope Gox doesn't lag out again.

Now, why would you think that, I am merely expressing my opinion. That is to say once a trend has been established it is very difficult to break it.
That is also, that I have, despite my bearish attitude never spoke out against the uptrend after we broke the previous ATH until the bubble popped.

In a sense, what I am saying is that the selloff will overshoot too.

PS: Don't listen to the haters, I realize I am not the most agreeable person around here, but I recognize logic if I encounter it.

I put his static on ignore and have been happier ever since. Just sayin'.