Wall Observer - MtGoxUSD wall movement tracker - page 475.

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: mccorvic on March 19, 2013, 12:15:37 PM

Quote from: humanitee on March 19, 2013, 12:14:16 PM

People selling right now must have balls of steel.

No. They're just unapologetically stupid.

I apparently need to repeat myself. If you sell below $60 you need a trip back to the 3rd grade and work on your primary school degree.

Quote from: humanitee on March 19, 2013, 11:28:13 AM

"Captain, we just saw people willing to buy at $62."

"Well shit, sell at $55!"

Why? I'm sure people selling @ above 30 in 2011 are insanely happy they did. We just had a spike to 62, yes. But that is no guarantee we'll see 62 or above 62 for that matter again. Your logic is flawed, both of you.

Disclaimer: I'm long BTC and Bullish.

imanikin

hero member

Activity: 702

Merit: 503

Quote from: naima53 on March 19, 2013, 01:15:26 PM

#
Stop the rally - it's a time when buyers and sellers find a compromise when psychologically be ready to make a deal. I humbly think that the price increase in 2 times - it is psychologically "comfortable" price. Roll Eyes

If the IRC prediction was true, "they" were going to stop it at 55 today. So, it probably just overshot the target when the sideliners bought back in. Huh

elux

legendary

Activity: 1458

Merit: 1006

Quote from: naima53 on March 19, 2013, 01:05:10 PM

Dun dun dun! Cheesy

naima53

hero member

Activity: 616

Merit: 502

Quote from: chrsjrcj on March 19, 2013, 01:09:39 PM

Quote from: naima53 on March 19, 2013, 01:05:10 PM

31 * 5 = 155

What's the point?

Stop the rally - it's a time when buyers and sellers find a compromise when psychologically be ready to make a deal. I humbly think that the price increase in 2 times - it is psychologically "comfortable" price. Roll Eyes

TomRado

newbie

Activity: 28

Merit: 0

Quote from: justusranvier on March 19, 2013, 12:57:43 PM

Quote from: TomRado on March 19, 2013, 12:52:53 PM

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market?

That's an implementation detail, not a limitation in the Bitcoin protocol. But in any case the implementation is catching up to the capabilities of the technology every day.

I'm still waiting for a sheikh (or two, the more the merry) to suck up a million coins and then guarantee to sell them at price X+5% and buy at X-5% for the next year, as long as supplies last. Would give us a great transitional phase with lots of people (arabic or not) getting into btc i guess. In a sense, that would be the ideal situation to increase adoption.

Unfortunately as the overall supply of new coins diminishes, nobody would want to do that, as other parties would probably buy and hold. In conclusion, we might always have to pay a large premium when shuffling large amounts of fiat through btc., be it because of fluctuation or uncertainty in price or due to costs related to the circumvention of money laundering regulations. The question is: will that be cheapter than what we do today? How much is not having to trust anybody in the middle worth?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: Chalkbot on March 19, 2013, 01:03:55 PM

Quote from: Ploo on March 19, 2013, 01:02:39 PM

Anyone been able to short between 53 and 62?

Now THAT would be balls of steel!

I think the question is whether anyone managed to sell near 62 and buy near 53, which would have been a nice day trade.

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: prof7bit on March 19, 2013, 12:34:30 PM

Quote from: DougTanner on March 19, 2013, 12:24:55 PM

Insane volatility Grin

My bot is loving this, I even had to add a new tier of volatility detection to stop it from maxing out its API limit (it hit 30/hour two hours running).

Which API are you using (and/or on which exchange)?

I'm using XChange on MtGox: http://xeiam.com/xchange.jsp

chrsjrcj

full member

Activity: 280

Merit: 102

Quote from: naima53 on March 19, 2013, 01:05:10 PM

31 * 5 = 155

What's the point?

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: fcmatt on March 19, 2013, 12:49:58 PM

So essentially what I said in my first two sentences...

"Do not doubt how gullible people can be. The market can stay irrationally bullish for longer then we can imagine."

Thanks. I got it.

But the way you toss around phrases is just comedy gold to me. Buttcoin really should be back here. He would have a good time.

Yeah, permanently bullish. That's my point.

Flash crashes aren't doing shit. The blockchain problem didn't do shit (the most bullish indicator imo).

I've been defending this thing all the way up. And if anyone would have followed my advice (why would they), they would have made a killin'.
I vaguely recall asking adam why he didn't jump back on at $17ish and ride the wave up.

"I can't tell the future" he said.

Yeah well I can, and it's Bitcoin.

If you can't understand that the Gox hack catalyzed the downward momentum from the bubble popping then I can't help you. There are 0 parallels between then and now.

Bitcoin at $57.
Holding like a sage.

naima53

hero member

Activity: 616

Merit: 502

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: Ploo on March 19, 2013, 01:02:39 PM

Anyone been able to short between 53 and 62?

Now THAT would be balls of steel!

Ploo

full member

Activity: 125

Merit: 100

Anyone been able to short between 53 and 62?

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: proudhon on October 26, 2012, 02:17:47 PM

Ok, let's keep going down, I just sold everything at ~$9.85.

some history for everyone, proudhon selling everything at the October bottom

Jaques

member

Activity: 112

Merit: 10

Quote from: TomRado on March 19, 2013, 12:52:53 PM

Quote from: justusranvier on March 19, 2013, 12:46:47 PM

Quote from: fcmatt on March 19, 2013, 12:39:22 PM

It is different this time!

Yes and no.

The ability to transfer arbitrary amounts of currency to anyone on the planet quickly and without prior restraint is a new capability humans have never experienced before. There is a large pent up demand for this capability.

Of course the same rules of supply and demand apply to Bitcoin as much as they apply to anything else.

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market? High volatility, trading bots possibly eating way more than the transaction fee and so forth.
We need somebody to pump way more liquidity in before this can get to be useful on a larger scale.

true, unfortunatly ... Sad

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: TomRado on March 19, 2013, 12:52:53 PM

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market?

That's an implementation detail, not a limitation in the Bitcoin protocol. But in any case the implementation is catching up to the capabilities of the technology every day.

befuddled

member

Activity: 73

Merit: 10

Quote from: fcmatt on March 19, 2013, 12:25:39 PM

An exit strategy. Determine what profit you wanted out of this adventure

You may have chosen the wrong numeraire for your profit.

TomRado

newbie

Activity: 28

Merit: 0

Quote from: justusranvier on March 19, 2013, 12:46:47 PM

Quote from: fcmatt on March 19, 2013, 12:39:22 PM

It is different this time!

Yes and no.

The ability to transfer arbitrary amounts of currency to anyone on the planet quickly and without prior restraint is a new capability humans have never experienced before. There is a large pent up demand for this capability.

Of course the same rules of supply and demand apply to Bitcoin as much as they apply to anything else.

We will have to see about the "arbitrary". If if want to convert 1Mio$ to BTC send it over and my friend on the other side wants to convert it back to $, what would happen to the Market? High volatility, trading bots possibly eating way more than the transaction fee and so forth.
We need somebody to pump way more liquidity in before this can get to be useful on a larger scale.

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: humanitee on March 19, 2013, 12:45:03 PM

Quote from: fcmatt on March 19, 2013, 12:39:22 PM

Quote from: humanitee on March 19, 2013, 12:30:01 PM

Quote from: fcmatt on March 19, 2013, 12:25:39 PM

Quote from: proudhon on March 19, 2013, 10:41:59 AM

another wrong prediction

irrational words verifying wrong prediction

Bears truly don't "get" Bitcoin.

Eventually it won't stop, barring some catastrophic Internet calamity.
Do not underestimate greed's ability to create this market.

Go hack Gox and then we'll talk.

It is a "new age" and old valuation ideas do not apply!
It is different this time!
You would be crazy not to invest! A big dummy!
It is a new paradigm!

That's not even my point.
This thing is gonna deflate harder than anything in the history of economics.

It's a currency acting just like a Ponzi. You think people making hella gains are being quiet about it? Word of mouth + greed will take us into the stratosphere.
The massive amount of coin trading hands in the past month should indicate that this is the real deal. It's cool though, ignore it. Strong hands moving in to position to catch your weakness.

Please sell before the inevitable collapse of our beloved Bitcoin.

So essentially what I said in my first two sentences...

"Do not doubt how gullible people can be. The market can stay irrationally bullish for longer then we can imagine."

Thanks. I got it.

But the way you toss around phrases is just comedy gold to me. Buttcoin really should be back here. He would have a good time.

naima53

hero member

Activity: 616

Merit: 502

31 x 2 = 62 Roll Eyes

The bubble-2013

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: fcmatt on March 19, 2013, 12:46:43 PM

And that is your post? A silly juvenile jab at someone with a differing opinion? No attempt
at providing a tidbit of humor in it? Nothing more clever then that?

So...mad?

I provide the same input your garbage posts did, just in a lot fewer words. And it's not that you just have a difference of opinion, you have a difference of opinion that is demonstrably wrong yet continue to be arrogant in defense of your very wrongness. If you were like, "Oh, this is pretty high. It might go higher but I doubt it" then fine. But instead you spouted off lame one-liners in attempt to mock the very thing that is happening.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 475. (Read 1811603 times)