Wall Observer - MtGoxUSD wall movement tracker

[Luno]

The concept "sucker rally" was invented for those placing bets on the bounce back in 1926. That name was of course first used after black Thursday three years later.

I'm joining the church of Adam from here on!

In bitcoin, we have what we call "sucker crashes"

LOL, that's was a god one. I guess that we both have placed our bets on this one! If Im wrong, good for Bitcoin, if I'm right I can still buy a small island like this one:

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQHoJNbLlgh1_BdclkMrhQJR61b70XEgzj1WJh0qii8kF3h04pP

Guess I was totally wrong yesterday! Please tag my profile pic with a "Idiot market analyzer" tag. Germans are really picking up on Bitcoin on a scale I didn't imagine possible. Still this is high return, high risk times!

[dani]

bitstamp - 141.25

way to go (up)

[deeplink]

Bids at ATH over 11M

[mccorvic]

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

[humanitee]

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

I would like to be on record saying fuck everyone who has been yelling sell. Bunch of manipulating assholes.

Even hazek had the lamest thread on Reddit yesterday saying that it was going down because asks are going up. Asks are going down. They are being increased beyond $150 which means absolutely nothing.

If everyone panics, we all lose. More importantly, Bitcoin loses.
BTC23k to $150. Yesterday it was over BTC30k. Bitcoin selling like delicious hotcakes.

[mccorvic]

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

I would like to be on record saying fuck everyone who has been yelling sell. Bunch of manipulating assholes.

Even hazek had the lamest thread on Reddit yesterday saying that it was going down because asks are going up. Asks are going down. They are being increased beyond $150 which means absolutely nothing.

If everyone panics, we all lose. More importantly, Bitcoin loses.
BTC23k to $150. Yesterday it was over BTC30k. Bitcoin selling like delicious hotcakes.

Preach it brother!

There's absolutely zero (0) reason to think bitcoin is going anywhere but up.

[Rothgar]

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

This is actually healthy.  A little consolidation is good.  It gives people time to adjust to the new high price.  Yea if their were no asks then the price would go up, but it takes time for the people who want to sell at this price to make that market signal.  

Up or down?  I don't know.  I'm only sure that liquidity is increasing.  That is healthy and should not be feared.

[Zangelbert Bingledack]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple quadruple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

[therealodog]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

yeah i'm with you on that, quite happy for some consolidation now before we push higher


price needs to let off some steam

[Jaques]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

[chrsjrcj]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

mBTC I suppose. 

[seleme]

Gox is most idiotic market ever... they bloody log me off each 20 minutes and I bought numerous times when I wanted to sell because of this. I am on sell tab for some time, these f****rs log me off and I instinctively click the button thinking I'm scheduling a sale order.

[SkRRJyTC]

Gox is most idiotic market ever... they bloody log me off each 20 minutes and I bought numerous times when I wanted to sell because of this. I am on sell tab for some time, these f****rs log me off and I instinctively click the button thinking I'm scheduling a sale order.

Move your funds elsewhere.

[Zangelbert Bingledack]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

Bitdimes

Yeah I meant quadruple digits.

[Spaceman_Spiff]

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

Bitdimes

Yeah I meant quadruple digits.

Quadruple digits would make me a very very happy man  , and I guess I am not the only one here   .
I wonder if we would go that far this bull run though...
I am still bullish for the coming weeks. 2 months from now: not so much.

[dohse]

Your daily opportunity to yell at the noob, brought to you by dohse:

https://i.imgur.com/Eard0iS.png

[Zangelbert Bingledack]

I'm guessing Coinbase will have its trial-by-fire soon (now?) or other mishap will happen in the next few days/weeks to cool things off. It's all about timing.

Of course there is also the possibility of more very good news...

[DougTanner]

Pretty uneventful night, if the weekend continues like this there's going to be a fucking huge explosion Monday (bids USD at ATH, ask sum still very low, Bitstamp/Virtex/BtcCN still way ahead).

[Zangelbert Bingledack]

Quadruple digits would make me a very very happy man  , and I guess I am not the only one here   .

We're gonna need a "Counseling for the Newly Wealthy" thread pretty soon

[Spaceman_Spiff]

Quadruple digits would make me a very very happy man  , and I guess I am not the only one here   .

We're gonna need a "Counseling for the Newly Wealthy" thread pretty soon

A few more months like this will do the trick  .