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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 39. (Read 1811564 times)

member
Activity: 70
Merit: 10
Looks like it's "Dump & DDoS" time again.

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

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

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  Grin

sound like right for me
to both hold $ and btc, i need learn this shit
its funny Smiley i like it
newbie
Activity: 42
Merit: 0
Looks like it's "Dump & DDoS" time again.

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

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

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
legendary
Activity: 1025
Merit: 1000
Looks like it's "Dump & DDoS" time again.

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

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

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  Grin
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Looks like it's "Dump & DDoS" time again.

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

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

it probably will, lol
member
Activity: 70
Merit: 10
Looks like it's "Dump & DDoS" time again.

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

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
member
Activity: 112
Merit: 10
anybody else saw that 1kBTC buy @88,xx???
full member
Activity: 126
Merit: 100
Got back in @ 90... hope I don't regret this
foo
sr. member
Activity: 409
Merit: 250
Looks like it's "Dump & DDoS" time again.

Doesn't seem to have worked though, no gox lag and no panic (yet).
legendary
Activity: 1025
Merit: 1000
Going down

member
Activity: 70
Merit: 10
what is going on ;(  how low you think it drop
legendary
Activity: 1753
Merit: 1007
Fear phase begin
legendary
Activity: 2772
Merit: 1028
Duelbits.com
5k sale, bots fight to keep it over 90
member
Activity: 110
Merit: 10
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

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.

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.

tl;dr: Better hope Gox doesn't lag out again.

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.
hero member
Activity: 784
Merit: 506
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

I put his static on ignore and have been happier ever since. Just sayin'.
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 Wink which is actually quite funny.  Anyhow, talking of throwing things into the mix if anyone has any thoughts on this please fire away Smiley
legendary
Activity: 3108
Merit: 1531
yes
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.

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?
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
Two things. I went to bed last night shortly after the weird low trading levels lag on mtgox started. As expected I woke up this morning to see a moderate dip and recovery. I don't feel like trawling through pages and pages of this thread, but from what little I've checked I deduced that we had (several?) market cooldowns during the past 24h. Have we heard any explanation from gox? Anything else I missed?

Secondly, take a look at this graph.
http://www.google.com/trends/explore#q=%22buy%20bitcoins%22%2C%20%22buy%20bitcoin%22&date=today%203-m&cmpt=q
The queries for both "buy bitcoin" and "buy bitcoins" peaked on Thursday the 11th, the day after the crash. The volume was also high on the day of the crash, but it is difficult to tell how many of these queries were from people who had not yet heard about the crash. These two days saw an almost 40% higher query volume than the previous peak on April the 3rd. This suggests that the anecdotes we've had on here about people who previously thought they had missed the boat rushing to get in after the crash are not isolated incidents. I expect we'll be seeing record levels of fiat on the order book  in the next week.
 


They've also begun to restrict the number of orders each account can place.




Someone got to gox about the bots?!!  Grin Grin Grin

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legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

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.

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.

tl;dr: Better hope Gox doesn't lag out again.


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.
legendary
Activity: 1458
Merit: 1006
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

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.

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.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

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.
sr. member
Activity: 434
Merit: 250
I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.

At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.

you really do talk a lot of nonsense

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