Wall Observer - MtGoxUSD wall movement tracker - page 699.

kokojie

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Quote from: proudhon on February 09, 2013, 08:08:20 AM

Quote from: molecular on February 09, 2013, 08:05:10 AM

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

Even the June 2011 bubble wasn't really a set back, the average BTC price for the 6 months after bubble is 7 times higher than the average price for the 6 months pre-bubble.

rebuilder

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Quote from: proudhon on February 09, 2013, 08:43:35 AM

That's an encouraging thought, I'll give you that. It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out. But, maybe I've lost sight of bitcoin's appeal.

Spend too much time speculating, lose sight of the other aspects of bitcoin. People actually use the system. How much attention do you pay to the economy as a whole as opposed to just the currency speculation?

Looking at this subforum, it seems a lot of people are looking at their charts too much, and not much else. Beard tend to discount the actual non-speculative uses in their reckoning, while bulls don't always consider the unknowns, like what will happen when we start to see real regulator interest in Bitcoin.

thoughtfan

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Quote from: proudhon on February 09, 2013, 08:19:30 AM

Quote from: thoughtfan on February 09, 2013, 08:15:37 AM

Quote from: proudhon on February 09, 2013, 08:08:20 AM

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

Very close. I sound like this, though.

Excellent. Come to think of it it is not that unlikely that Marvin the Paranoid Androind (here's another link) will have been modeled on Eeyore's.

I'd forgotten how funny Marvin was. Thanks for the reminder

thoughtfan

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Quote from: Technomage on February 09, 2013, 06:08:41 AM

Someone bought 5k BTC with one click. This is really something, even I'm amazed. It's Saturday, the most boring market day of the week by far, and we see this. Wow.

Might have been something to do with someone buying over 1m S.DICE shares in one hit after evoorhees said he'd take them off the market unless they were gone by tomorrow ev.

proudhon

legendary

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Quote from: molecular on February 09, 2013, 08:25:40 AM

Quote from: proudhon on February 09, 2013, 08:08:20 AM

Quote from: molecular on February 09, 2013, 08:05:10 AM

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

But go ahead, proudhon, try to catch that rocket Wink

That's an encouraging thought, I'll give you that. It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out. But, maybe I've lost sight of bitcoin's appeal.

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: proudhon on February 09, 2013, 08:19:30 AM

Quote from: thoughtfan on February 09, 2013, 08:15:37 AM

Quote from: proudhon on February 09, 2013, 08:08:20 AM

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

Very close. I sound like this, though.

Haha, I love Eeyore ! He is such a nice character despite his gloominess.

molecular

donator

Activity: 2772

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Quote from: proudhon on February 09, 2013, 08:08:20 AM

Quote from: molecular on February 09, 2013, 08:05:10 AM

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

But go ahead, proudhon, try to catch that rocket Wink

oakpacific

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Quote from: proudhon on February 09, 2013, 08:08:20 AM

Quote from: molecular on February 09, 2013, 08:05:10 AM

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

OK but why should you care since you have proclaimed its death more than a year ago?

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: thoughtfan on February 09, 2013, 08:15:37 AM

Quote from: proudhon on February 09, 2013, 08:08:20 AM

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

Very close. I sound like this, though.

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: proudhon on February 09, 2013, 08:08:20 AM

... I'm just mentally preparing for the whole project to get set back another couple years.

I'm sorry Proudhon but I seem to have got into the habit when I read your posts of hearing them in Marvin's voice from the BBC's Hitchhikers' Guide to the Galaxy!

molecular

donator

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Quote from: S3052 on February 09, 2013, 08:08:30 AM

Quote from: molecular on February 09, 2013, 08:05:55 AM

Quote from: hazek on February 09, 2013, 08:04:14 AM

Quote from: Savior on February 09, 2013, 06:52:04 AM

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Grin

Hahahah that's funny! Cheesy

And true.

in downtrends, it is not wise to catch the falling knife
in uptrends like we are in now, it is not wise to try and stop the launched rocket

So true. And the hardest thing about trading is: doing nothing.

S3052

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Quote from: molecular on February 09, 2013, 08:05:55 AM

Quote from: hazek on February 09, 2013, 08:04:14 AM

Quote from: Savior on February 09, 2013, 06:52:04 AM

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Grin

Hahahah that's funny! Cheesy

And true.

in downtrends, it is not wise to catch the falling knife
in uptrends like we are in now, it is not wise to try and stop the launched rocket

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: molecular on February 09, 2013, 08:05:10 AM

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: hazek on February 09, 2013, 08:04:14 AM

Quote from: Savior on February 09, 2013, 06:52:04 AM

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Grin

Hahahah that's funny! Cheesy

And true.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: proudhon on February 09, 2013, 07:51:56 AM

This is going to turn into another disaster.

for whom?

hazek

legendary

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Quote from: Savior on February 09, 2013, 06:52:04 AM

Quote from: oakpacific on February 09, 2013, 06:45:00 AM

Quote from: Technomage on February 09, 2013, 05:44:10 AM

Quote from: oakpacific on February 09, 2013, 01:39:25 AM

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Grin

Hahahah that's funny! Cheesy

World

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btw,February 9th, 2011 first time Bitcoin / USD parity Grin

amazing

proudhon

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This is going to turn into another disaster.

420

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Let it be known; at this point in time:

Last price:$23.45013 High:$23.40000 Low:$22.24401 Volume:37482 BTC Weighted Avg:$22.69523

Blocks   220341
Total BTC   10.759M

Difficulty   3275465
Estimated   3387167 in 1419 blks

Network total   23.014 Thash/s
Blocks/hour   5.89 / 611 s

Liquid

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Crypto Somnium

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 699. (Read 1811599 times)