Topic: Wall Observer - MtGoxUSD wall movement tracker - page 537. (Read 1811613 times)
We may be up for a short term resolve within 15-30 minutes (wedge around $46 now).
Agreed. I got in early. Not quite $1 early, but after the first rise and fall. Now granted, I figure I'm doing alright with mining but yeah, if I had the capital back then to buy up a bunch of coins at $2, or $5, etc., I'd be more than happy. But then again that's the risk we all take to an extent and I could imagine it being quite painful to have fully sold all coins at a (then) high price. But who's to say the same isn't true today? I'm happy the price is this high but if you're confident it's going to go far far above this, it's always time to buy.
It's a chicken-and-egg problem, if the early adopters had mined a hell load of coins and hoarded and refused to sell, the economy around bitcoin would not have developed, the price would have been nowhere near what it is now, to get people to join, they must redistributed the coins by selling them, (they may have done it involuntarily, we are all pawns of the invisible hand after all) eventually the free market will make things fair, that's why the unfair advantage of early adopters theory is a myth.
but but but...what if an early adopter had 50,000 coins and got arrested and was in jail for 3 years getting out now...i guess he'd just be rich then?
I'm really surprised at how much buying there is for a Sat.
I am aware of decisions made today that will take us to $48.60000, ceteris paribus.
Trends right now are looking pretty bullish. There were 60k BTC to $50 a day ago, now there are <40k BTC:
ie lots of liquidity for a large buyer. One has to wonder however if there are any bullets in the gun, being the weekend and all....
Slippage-free. You can buy large amounts at the wall price without having to pay more and more along the way as your own buying action drives up the price (a.k.a. slippage).
Lots of slippage free coins for anyone who is interested.
What does that mean? I don't understand, how could one take advantage and make money because of "slippage"
Cheers.
How will the price react on the Butterfly Labs scam when everyone finds out, I'm wondering.
Negative.
I agree that stability is better for Bitcoin adoption in terms of it being used as a medium of exchange. However, many people are currently afraid that they lose on this great opportunity to buy bitcoins at a price which is likely very low in just a couple of years time. Thinking about what it is next month is short term thinking.
If $40 is a "sustainable price", then a speculative bubble right now would probably be more like $200. Not $45. I don't know what the sustainable price is, market will show us in time. I look at the 90d average price as a good indicator, right now it's at $21, give or take. We have no proof yet that $40 is sustainable, or even $30, although I believe that $30 is fairly sustainable at least.
In fact it looks like $40 is surprisingly strong as well, leading me to believe that $50 might not be such a boogieman as some believe. We'll see next week if $50 is broken or not. I wouldn't mind a period of stability, I just think the whole Bitcoin phenomenon is too heated for a stable period now.
If $40 is a "sustainable price", then a speculative bubble right now would probably be more like $200. Not $45. I don't know what the sustainable price is, market will show us in time. I look at the 90d average price as a good indicator, right now it's at $21, give or take. We have no proof yet that $40 is sustainable, or even $30, although I believe that $30 is fairly sustainable at least.
In fact it looks like $40 is surprisingly strong as well, leading me to believe that $50 might not be such a boogieman as some believe. We'll see next week if $50 is broken or not. I wouldn't mind a period of stability, I just think the whole Bitcoin phenomenon is too heated for a stable period now.
We're doing pretty well for the weekend... up $2.5 since yesterday 
There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
Right now I think with all the confidence and hope generated by new startups and high-profile acceptors, a good estimate of a potentially stable value is no higher than $40. That sudden push from $40 to $47 was met with lots of resistance, so I think we need to give the market a couple of months to catch up to the fanboiz' hopes for $50 to become possible to reach and hold. How things play out until then is up to the bulls: they get overeager again and try to push too soon, they'll just generate another big correction and scare off some of this year's potential adopters. They take it slow and let it rise steadily, there'll be less uncertainty and we won't lose so many potential adopters along the way.It's your call, bulls.
How will the price react on the Butterfly Labs scam when everyone finds out, I'm wondering.
They will panic buy BTC How will the price react on the Butterfly Labs scam when everyone finds out, I'm wondering.
It'll probably just suck for people who don't get an asci and things keep on trucking. If anything, the last 3 months have shown the market is no longer at the whims of scardy-cats and poor investors.
How will the price react on the Butterfly Labs scam when everyone finds out, I'm wondering.
Buy and hold.
If you must sell, you'd be incredibly stupid to do so under $46.
If you must sell, you'd be incredibly stupid to do so under $46.
I don't think it'd be incredibly stupid. Incredibly stupid was below $36 on the panic.
No, that was unforgivingly stupid.
BITCOIN, BUY ME A CHICKEN SANDWICH
Buy and hold.
If you must sell, you'd be incredibly stupid to do so under $46.
If you must sell, you'd be incredibly stupid to do so under $46.
I don't think it'd be incredibly stupid. Incredibly stupid was below $36 on the panic.
No, that was unforgivingly stupid.
Buy and hold.
If you must sell, you'd be incredibly stupid to do so under $46.
If you must sell, you'd be incredibly stupid to do so under $46.
I don't think it'd be incredibly stupid. Incredibly stupid was below $36 on the panic.
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