Wall Observer - MtGoxUSD wall movement tracker

[pokerman]

Bought 265BTC for $37.70 for $10k at the beginning of march, sold them all off today at $191 for just over $50k.

[humanitee]

Down we go again. Am I posting too many wall pics? Tell me to slow down if it's annoying.

Keep'em coming. It's helpful for people who are asleep or aren't able to watch the market all day.

[chrsjrcj]

I think we've hit the bottom.

[DougTanner]

Back up! Just temporary?

[Jaques]

I think we've hit the bottom.

 

[josiahgarber]

I think we've hit the bottom.

It does seem we have.

[Jaques]

I think we've hit the bottom.

It does seem we have.

not convinced yet, still too much lag ...

edit: ok maybe that was it (or today)

[buddhacoiner]

You know this for sure because?

Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.

Bitcoin cannot be compared to any other commodity at this point.  We are in uncharted territory.  Expect this kind of volatility going forward.  These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise.  Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend

[DougTanner]

Almost $10 Bid/Ask spread

[josiahgarber]

Up we go... Bitstamp at $190.

[aurora]

You know this for sure because?

Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth.

Bitcoin cannot be compared to any other commodity at this point.  We are in uncharted territory.  Expect this kind of volatility going forward.  These rapid up and down swings are 'normal' for bitcoin and they will continue throughout bitoin's rise.  Over time, these '$20 within 1/2 hour micro swings' will merely be little blips on the steady (seemingly steep) upward macro trend

and you know this how?

[josiahgarber]

Up we go... Bitstamp at $190.

Excuse me... $195.

[Jaques]

btcchina much more relaxed ...

[mp420]

I think the lag exacerbates these intraday swings. Bot trading is very risky with the lag and so bots can't act as a stabilizing force when human traders make large orders and sweep the orderbook. Without the lag bots would instantly fill both sides of the spot price after a large order, making the swings less pronounced.

[ehoffman]

Bitcoinity roller coaster!

[BitcoinTate]

Bitcoinity roller coaster!

Lol! Awesome!

[mccorvic]

So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.

[NamelessOne]

This feeding freezy is enjoyable to watch. Bullsharks, DEVOUR!!!!

[BitcoinTate]

So, now it's a race to see who can spam the buy button the fastest?

I sincerely hope that everyone who sold lost thousands of dollars.

+1

[Gatekeeper]

nice little shakeout it was nom nom nom