i c why you think 11$ wont hold...the order books are often misleading during turning points
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 969. (Read 1811594 times)
i c why you think 11$ wont hold...the order books are often misleading during turning points
Yuhfhrh hit the buy button 
I sold at $10.95, I don't think $11 will hold up at all.we'll see EXTREME resistance at 11.xx
then the order books will flip at 12$
then its to the moon!
I lay it out for you'll to play it out
FTFY
we'll see EXTREME resistance at 12.xx
then the order books will flip at 13$
then its to 15!
If we get past that its to the moon!
Yuhfhrh hit the buy button
I sold at $10.95, I don't think $11 will hold up at all.we'll see EXTREME resistance at 11.xx
then the order books will flip at 12$
then its to the moon!
I lay it out for you'll to play it out
Yuhfhrh hit the buy button
I sold at $10.95, I don't think $11 will hold up at all. I am not a good bear. I think I totally missed it 
. I can even wait for the next "weekend".
. I can even wait for the next "weekend".yup your fucked
10.xx is going bye bye!
I know the bid depth isn't very bullish, but we got some big players competing and they are now making the call!
BUY BUY BUY!
WE ARE ALL GOING TO BE MILLIONARDS!!!!!!!!!!!!
*does a little dance*
I am not a good bear. I think I totally missed it . I can even wait for the next "weekend".
. I can even wait for the next "weekend".
Yuhfhrh hit the buy button
Another fake bid? He might have meant that to be an ask lol
No bad news? I think that bitinstant being down for two days and MT. Gox having issues with deposits and WD's with all of Europe (Bank of France).. Then it tanks? I expected it to tank after noticing those two events...
AR
AR
If your dumping your coins because of events like the ones listed above.... your doing it wrong!
bitinstant being down for two days ( when did this happen
), is not a big dealMT. Gox having issues with deposits, is nothing new & not hard to get around...
The only time I sell coins is when I have to. But, When I read that Mt. gox was having major issues with their European system, I had a really weird feeling that it would affect the bitcoin, I know of many newb Bitcoiners in Europe that don't know what to do. Sure enough, the bitcoin started to tank not too long after their announcement. Then I heard that bitinstant was down for 2 days. Those two events were the only events that I heard that i felt could effect the bitcoin..It dropped from high 11's to 9.60 or something. Then after bitinsant came back, the coin shot up to the mid 10's and thats were we are at.. Maybe it's a coincidence, but If it is, It sure is a ironic one.
I'm on the bullish side of bitcoin. I still don't think that the reward halving has made its full impact yet. Maybe a little, but I think that it will rise soon after the halving, once the reality sinks in and the bitcoin economy sees less coins sold. I know that I will be keeping the grand majority of my bitcoins once the asics arrive. Ill only sell enough to pay expenses. I have a feeling that a lot of bigger miners feel the same way. Will that effect the price? I guess we will find out...
AR
A lot of people think the next couple of months are going to be very interesting.
but i think the last couple months of trading has been mostly trying to factor in the reward drop & effect of ASCI, everyone knows these events are coming so the market tries to price it in b4 it happens.
I think its more or less priced in by now. the wild price swings are over, and now the never ending bull run can continue
That would be nice as I'm 80% bull atm, but I'm betting we experience at least another 2-6 months of large swings before things settle down. I think the ramp up of ASIC deliveries won't reach full potential until Feb/March at the earliest, and people will start hedging their bet and hoarding once they notice their ROI stretch into years.
No bad news? I think that bitinstant being down for two days and MT. Gox having issues with deposits and WD's with all of Europe (Bank of France).. Then it tanks? I expected it to tank after noticing those two events...
AR
AR
If your dumping your coins because of events like the ones listed above.... your doing it wrong!
bitinstant being down for two days ( when did this happen
), is not a big dealMT. Gox having issues with deposits, is nothing new & not hard to get around...
The only time I sell coins is when I have to. But, When I read that Mt. gox was having major issues with their European system, I had a really weird feeling that it would affect the bitcoin, I know of many newb Bitcoiners in Europe that don't know what to do. Sure enough, the bitcoin started to tank not too long after their announcement. Then I heard that bitinstant was down for 2 days. Those two events were the only events that I heard that i felt could effect the bitcoin..It dropped from high 11's to 9.60 or something. Then after bitinsant came back, the coin shot up to the mid 10's and thats were we are at.. Maybe it's a coincidence, but If it is, It sure is a ironic one.
I'm on the bullish side of bitcoin. I still don't think that the reward halving has made its full impact yet. Maybe a little, but I think that it will rise soon after the halving, once the reality sinks in and the bitcoin economy sees less coins sold. I know that I will be keeping the grand majority of my bitcoins once the asics arrive. Ill only sell enough to pay expenses. I have a feeling that a lot of bigger miners feel the same way. Will that effect the price? I guess we will find out...
AR
A lot of people think the next couple of months are going to be very interesting.
but i think the last couple months of trading has been mostly trying to factor in the reward drop & effect of ASCI, everyone knows these events are coming so the market tries to price it in b4 it happens.
I think its more or less priced in by now. the wild price swings are over, and now the never ending bull run can continue
No bad news? I think that bitinstant being down for two days and MT. Gox having issues with deposits and WD's with all of Europe (Bank of France).. Then it tanks? I expected it to tank after noticing those two events...
AR
AR
If your dumping your coins because of events like the ones listed above.... your doing it wrong!
bitinstant being down for two days ( when did this happen
), is not a big dealMT. Gox having issues with deposits, is nothing new & not hard to get around...
The only time I sell coins is when I have to. But, When I read that Mt. gox was having major issues with their European system, I had a really weird feeling that it would affect the bitcoin, I know of many newb Bitcoiners in Europe that don't know what to do. Sure enough, the bitcoin started to tank not too long after their announcement. Then I heard that bitinstant was down for 2 days. Those two events were the only events that I heard that i felt could effect the bitcoin..It dropped from high 11's to 9.60 or something. Then after bitinsant came back, the coin shot up to the mid 10's and thats were we are at.. Maybe it's a coincidence, but If it is, It sure is a ironic one.
I'm on the bullish side of bitcoin. I still don't think that the reward halving has made its full impact yet. Maybe a little, but I think that it will rise soon after the halving, once the reality sinks in and the bitcoin economy sees less coins sold. I know that I will be keeping the grand majority of my bitcoins once the asics arrive. Ill only sell enough to pay expenses. I have a feeling that a lot of bigger miners feel the same way. Will that effect the price? I guess we will find out...
AR
I feel the ECB report is one of the most significant news for Bitcoin ever. It's creating a lot of buzz everywhere today, it even made it to some mainstream Finnish news sites which is very rare for Bitcoin related news. The legitimacy of Bitcoin in general got a massive boost thanks to the report. I rarely get the "buy while it's cheap" feeling but this is one of those times.
Here was an interesting quote I read:
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-term interest rates. Central banks would need to look at their existing tools to deal with this risk (for instance, trying to impose minimum reserve requirements on virtual currency schemes).
and who would they impose those requirements on?
It is on this very point that the ECB report makes a crucial error by attempting the generalize between Linden Dollars and Bitcoin. Linden Dollars are in reality a private form of fiat currency that operates in the same fashion as CAD USD or EUR, but with Linden Labs acting as the central bank. As such it should have minimum "foreign" currency reserves including gold (or Bitcoin?), as any other government fiat currency. Bitcoin acts in this respect like gold or silver, so minimum reserve requirements make no sense, a point that the report completely missed.
I feel the ECB report is one of the most significant news for Bitcoin ever. It's creating a lot of buzz everywhere today, it even made it to some mainstream Finnish news sites which is very rare for Bitcoin related news. The legitimacy of Bitcoin in general got a massive boost thanks to the report. I rarely get the "buy while it's cheap" feeling but this is one of those times.
Here was an interesting quote I read:
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-term interest rates. Central banks would need to look at their existing tools to deal with this risk (for instance, trying to impose minimum reserve requirements on virtual currency schemes).
and who would they impose those requirements on?
I interpreted that as they'll have reserve requirements on holding virtual currencies as that'll be the only way they'll be able to hedge against virtual currencies taking over as a matter of survival.
I feel the ECB report is one of the most significant news for Bitcoin ever. It's creating a lot of buzz everywhere today, it even made it to some mainstream Finnish news sites which is very rare for Bitcoin related news. The legitimacy of Bitcoin in general got a massive boost thanks to the report. I rarely get the "buy while it's cheap" feeling but this is one of those times.
Here was an interesting quote I read:
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-term interest rates. Central banks would need to look at their existing tools to deal with this risk (for instance, trying to impose minimum reserve requirements on virtual currency schemes).
and who would they impose those requirements on?
I feel the ECB report is one of the most significant news for Bitcoin ever. It's creating a lot of buzz everywhere today, it even made it to some mainstream Finnish news sites which is very rare for Bitcoin related news. The legitimacy of Bitcoin in general got a massive boost thanks to the report. I rarely get the "buy while it's cheap" feeling but this is one of those times.
Here was an interesting quote I read:
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-term interest rates. Central banks would need to look at their existing tools to deal with this risk (for instance, trying to impose minimum reserve requirements on virtual currency schemes).
I feel the ECB report is one of the most significant news for Bitcoin ever. It's creating a lot of buzz everywhere today, it even made it to some mainstream Finnish news sites which is very rare for Bitcoin related news. The legitimacy of Bitcoin in general got a massive boost thanks to the report. I rarely get the "buy while it's cheap" feeling but this is one of those times.
Bitcoin Friday is something that will likely get much bigger as we get closer. The site currently only has around 25 merchants but I know for a fact that there are a lot more coming. The guy who organizes it is a bit slow at updating the site but I think there will be a big update soon. We signed up a while ago but we aren't at the site yet.
The effect of something like Money 2020 can't be seen right now. It could have a huge indirect effect in the future but I doubt it has much if any effect right now. Most of the players there are too big for Bitcoin. They are mostly companies run by lawyers and Bitcoin is a large grey area as far as law and regulation is concerned. I don't expect anything big from big companies in relation to Bitcoin at this time. Maybe in a few years.
Bitcoin Friday is something that will likely get much bigger as we get closer. The site currently only has around 25 merchants but I know for a fact that there are a lot more coming. The guy who organizes it is a bit slow at updating the site but I think there will be a big update soon. We signed up a while ago but we aren't at the site yet.
The effect of something like Money 2020 can't be seen right now. It could have a huge indirect effect in the future but I doubt it has much if any effect right now. Most of the players there are too big for Bitcoin. They are mostly companies run by lawyers and Bitcoin is a large grey area as far as law and regulation is concerned. I don't expect anything big from big companies in relation to Bitcoin at this time. Maybe in a few years.
I switched to short/mid term bear recently but that has now changed. I feel very bullish mainly thanks to the recent European Central Bank report and also some other smaller stuff such as the MMOExchange/Ogrr merger that finally happened and Bitcoin Friday which I think will be a fairly big event also.
I wish some news came regarding the BitInstant Debit card but other than that I'm feeling bullish.
I wish some news came regarding the BitInstant Debit card but other than that I'm feeling bullish.
I find that too small to have a significant influence on the exchange rate.
If anything, the money2000 presentation was big! A *lot* of people with a *lot* of money hearing about Bitcoin there. If anything has an influence on the exchange rate, then this.
The things you list are great for the Bitcoin economy and its future, no question. It's just that exchange, trading, speculation is pretty much decopled from that..
You can call it that, I rather find it embarrassing
It's rather some "me too" kindalistingannouncement of "you'll see". The list of vendors is rather pathetic and there is zero back ground info. If they'd really want to spread awareness they'd organize an event and tell what to expect.
It's rather some "me too" kinda
I don't understand your sentiment.
I like Bitcoin Friday. We can argue how effective it will be, but I don't see anything negative at all.
http://bitcoinfriday.com/
http://www.americanbanker.com/issues/177_209/bitcoin-merchants-plan-own-version-of-black-friday-1053951-1.html
Of course that would cost prior investment, something essentially unheard of around here.
lolwut?
Ente
Btc-e is down. They say hurricane sandy is to blame. Ugh
https://bitcointalksearch.org/topic/m.1306658
https://bitcointalksearch.org/topic/m.1306658
You can call it that, I rather find it embarrassing
It's rather some "me too" kindalistingannouncement of "you'll see". The list of vendors is rather pathetic and there is zero back ground info. If they'd really want to spread awareness they'd organize an event and tell what to expect.
It's rather some "me too" kinda
Hey, isn't any publicity good publicity?
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