Re: Wall Observer - MtGoxUSD wall movement tracker

This is probably the beginning of the race for the doors. Get your bitcoins ready everyone.

Thanks for turning up proudhon, it is right and proper that you are here to talk us through this Wink

I'm enjoying it both for the fun of it but also because I'm planning to buy another lump of bitcoin on Tuesday and all of a sudden there's a glimmer of hope I may be able to get them at a price a bit lower than what feels like a high price. My reasoning and belief is that this is not a bubble and part of the growth and distribution of Bitcoin but buying in still 'feels' high.

In a constantly rising market the latest price always feels high. It will be "a bit lower" next week. If only I had a time machine... WAIT A MINUTE... you don't think it's a bubble? You could just buy now at prices "a bit lower" than next week then.

But I guess you're referring to a possible dip on the weekend? Well, might happen... maybe not.

Sorry for the lack of clarity. The only reason I'm not buying now because I don't have access to the money till Tuesday. I was laughing at myself really for allowing my 'feeling' of it being high, despite my reasoned belief that it is not high in the bigger picture, making my prospective purchase at around the all time high feel expensive. So whatever happens I will buy Tuesday but it would be a bonus if this downward trend would continue, whether a weekend dip or just a bit of a sell off continued till after I'd bought. Even if it's a longer and deeper sell off that I'd be buying into on the way down I'd be happy because it would not only satisfy my reasoned decision that 3x is a decent price but would also satisfy my 'feeling' of them being expensive.