Topic: Wall Observer - MtGoxUSD wall movement tracker - page 9. (Read 1811568 times)

Grr. Don't know what just happened but I went to sell 2.5 Bitcoins and ended up selling 2.5 and 2. Sell executed before I could cancel. Not please with Gox.

Same here. I must admit I'm surprised.

http://www.youtube.com/watch?v=EmfE4KAZicY

Well, yes eventually. But when is anyones guess. I've heard wild speculation of gold/ silver falling multiples below where they are now and since stocks tend to follow the metals.... this has the potential to portend something massive.

If we crawled back towards $82 in the next few days we could still be back on the quite sustainable trendline of 1.8% daily growth that became the crazy spike in late March.

Got some promising upwards movement.

Shouldn't the price go up in this eventuality?

Indeed. If the market follows metals the way it usually does, watch the fuck out.
http://www.youtube.com/watch?v=uvqJ1mTkEuY

I regret gold and silver going down, as I bought a substantial amount in 2004 which I still own. Then again, I believe they should be part of any diversified portfolio, so I won't be selling them soon anyway.

I wonder what the effect is of the stock market price on the price of Bitcoins. During the 2008 crisis we saw all assets going down, regardless of their exposure to the credit crunch and toxic bonds. So perhaps in this case a strong stock market means investors have more to spend on Bitcoin as well.

You find an escrow, you send him 1000$ in btc, the escrow sells the amount on mtgox, gives the winner 2000$ back buying from mtgox.
I'm available, if you want. I would like some reputation.

Okay give me a couple hours I have an exam soon  

Edit: Or through an escrow, whatever's best

Funny how gold, silver, and bitcoin all dropped around the same time, and zero hedge is warning of a possible hindenburg omen (bunch of TA indicators that supposedly have a good chance of predicting a major event such as the Lehman brothers' bankruptcy)

Interesting times ahead?

http://www.betyourmate.com ?

Indeed. I think at 20 or below, I would be buying regularly. I only made a couple of small buys above 100 but wasn't really comfortable with those. Just wasn't getting enough BTC for the $.

I'm getting calls from friends asking how to buy. I figured a crash like we saw would drive them away despite their affirmations to buy on a drop. I seem to have been wrong.

I don't have idea where we're going at the moment

Well the money has to go somewhere. Bitcoin was not a serious option for the last 2 drops in gold price. This time it is and everyone has heard of Bitcoin now.

The power of faith. BTC isn't a normal commodity. In BTC, you have people who mine them, use them, trade them, there's a community, it's evolving. It's like having a creek in your backyard where you pan for gold. You exchange some of that gold for goods. You sell some of that gold on the market. You buy gold on the market. You're invested in gold in multiple ways. You're not just buying/selling it, you're living it.

With Bitcoin, people just aren't trading a commodity. A lot of people are also creating it, using it, and trading it. If you took BTC traders and threw them over in silver for a month, they'd have no interest, would view it totally differently, and would want to come back to BTC where they're invested, engaged, connected to it more then you can almost any commodity out there. The community growing pains, drama, hope, excitement, mix in a little anti-govt, a little fuck you banks, people are more emotionally invested in BTC then almost any market out there. People want to make money, they also want it to work, grow, they feel tied to Bitcoin's success which you just can't replicate anywhere else.

People will mine bitcoins at a loss. Just to be a part of it, just for the fun, just because. Regardless of what the market says, the forum says, there are people who are going to invest regardless of how bad or bleak things might ever get. There's a grassroots support system built into Bitcoins that just isn't going anyway. It's not going away at $50, it's not going away at $10, it's not going away at $2. Which why people are going to jump back in, not just to make money, but because they just really like Bitcoins.

I'm up for it. How do we go about this