All posts made by billington.mark in Bitcointalk.org's Wall Observer thread
1.
Post 1930638 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.54h):
2.
Post 1930644 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.54h):
I too wouldn't touch paypal but the influx of people using BTC would be huge...
3.
Post 1931020 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.54h):
see above for paypal recognition....
4.
Post 2014376 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.55h):
Did you even look at the chart above your post? A monumental amount of btc would need to be sold for us to get into the 80s. Doubt it'll happen.
Slow climb to 105 over the weekend is what I see
5.
Post 2051942 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.56h):
I personally think 112 is the low for the next couple of days. Buying pressure is too high.
6.
Post 2071494 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.57h):
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
You are really saying you want to quit your job and live on trading 16.7
BTC? I don't understand. How much money do you need to live per month? $300?
No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.
THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.
Good luck, wish I was in your position!
7.
Post 2071915 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.57h):
thanks for the support! When (if) I make it, I'll send you a tip
quoted! haha
8.
Post 2073080 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.57h):
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
get some sleep while you can!
9.
Post 2145769 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.58h):
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!
10.
Post 2178529 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.59h):
Interesting weekend ahead with the ask\bid spread being so far apart...
11.
Post 2180086 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.59h):
looks like people are panic buying back in now the price is on the way up...
12.
Post 2207945 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.59h):
Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK.
unless someone wants to enlighten me??
13.
Post 2211596 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_10.59h):
Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK.
unless someone wants to enlighten me??
I've made a couple of successful trades via: Sell BTC on Ripple -> Fiat to BitStamp -> Buy BTC at Bitstamp. Rinse and repeat. Fiat transfer was super quick too.
BUT..there is almost no liquidity in Ripple, so selling at near MtGox prices is difficult and took most of the day just to pull off 2 trades that were worth the effort. The good news is I really only paid a fee at Bitstamp so the potential is there and I could sell a bit lower but, just not enough trades happening from Ripple to really take advantage yet.
Thanks for the reply
14.
Post 2283666 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.00h):
Time for the micro bubble to pop.. Hmmm
15.
Post 2317769 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.01h):
ouch
Dear Mt. Gox Customers,
In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:
https://mtgox.com/press_release_20130530.htmlBest regards,
Mt. Gox Team
If anything this is good news in terms of Gox making sure they meet all the guidelines to avoid being "Seized by government" as far as i can see.
16.
Post 2380406 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
Forget trend lines. They're bullshit anyway :3
This is what make me cautiously optimistic, for the coming days at least:
Then again, there's this:
Forgive my stupidity but could you expand on what that chart shows and how the highlighted parts have significance?
17.
Post 2380549 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
Thanks guys
18.
Post 2380979 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
-t is a continuous ping in windows
19.
Post 2399699 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
Must....get... fiat...into....gox!
20.
Post 2399811 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
holy moly
21.
Post 2400022 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.02h):
I cashed out at $142...the question now is, when to buy back in?
Im pretty sure alot of people just muttered "F*ck you" under their breath.. haha
22.
Post 2439270 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.03h):
Guys,
Sad face on the charts, we all need to sell....
23.
Post 2450104 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
110 about to fall
24.
Post 2450174 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
So.... we touched 110 and nothing happened?
We just broke through, keep up!
25.
Post 2450347 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
starting to get a little more exciting now
26.
Post 2450432 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
starting to get a little more exciting now
Rally is called off, everyone go home.
"A watched pot never boils"
Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...
27.
Post 2450484 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
starting to get a little more exciting now
Rally is called off, everyone go home.
"A watched pot never boils"
Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...
If you pour hot water out of the tap into a pot your attention span must be about the one of a ADD patient not to be able to watch it.
Pretty much sums up the majority of bitcointalk members dont you think?
28.
Post 2463474 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.04h):
yes
29.
Post 2529008 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.06h):
we needed some drama, was starting to get a bit dull around here!
Pulled my $125 sell order... lets see where this goes!
30.
Post 2539981 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.06h):
How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...
+1. People seem to be very quick to criticize even though they couldn't develop a better trading engine themselves. Thats not even taking into account the fact that banks seem to be taking a close look at exchanges bank accounts and causing issues on that front as well. Once the dust settles after the next couple of weeks, things should pick up.
31.
Post 2539992 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.06h):
Do we even know whats going on over the next 2 weeks? gox moving to a new bank? or just resolving issues with their current bank?
32.
Post 2800895 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.11h):
a wild buy wall appears
did you mean to make that sound like Morgan Freeman or was that just me imagining it that way! haha...
33.
Post 2824316 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.12h):
Conditions are looking good for a sizable bull trap from here. Let's see if the bulls' wallets are as big as their mouths.
Either way... you might want to change your sig!
34.
Post 2825068 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.12h):
I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.
that doesn't explain other exchanges following.
Denial is not just a river in Egypt.
aaaah i see what you did there
35.
Post 2825232 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.12h):
I wouldnt say crazy just yet... definitely interesting though.
36.
Post 2831121 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.12h):
boom
37.
Post 2944128 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.13h):
anyone else unable to log into gox. goxxed. goddamnit.
can login fine
38.
Post 3051387 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.14h):
Interesting isn't the word... Who'd have thunk numbers could be so exciting!
39.
Post 3396793 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.18h):
Pulled my sell order at 265... Convinced we are in for a shock in the next couple of hours.
40.
Post 3396858 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.18h):
Pulled my sell order at 265... Convinced we are in for a shock in the next couple of hours.
Put up 50BTC ask at $410... Hope that shorting will not burn me as bad as buying Butterfly Labs Hardware back when it was $6 a BTC
Likewise. I was one of the first to get a jalapeño delivered bit it went faulty after a week or so and took over a month to get replaced... In the meantime difficulty skyrocketed and I'm earning pennies with it now! Luckily it's being run for free though so it's not all bad.
41.
Post 3400639 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.18h):
See the bigger picture folks. we all knew that growth wasn't sustainable. It'll be back up there at some point.
if anything, the last 2 weeks have shown the ATH is more than attainable in the near future.
42.
Post 3478877 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.20h):
I didn't see much whale buys during this rally btw, this was different in april if i remember right. Or am i wrong?
Whales are selling slowly and constantly putting medium walls (1k-3k) on bitstamp, little fish are buying the current hype and may bleed later on..
As for Gox its an abandoned house.
I propose a better terminology for grouping the different kind of market actors. Or please tell me, what are the behavioral characteristics of the whales, as opposed to smaller fish?
As far as I know, big holders don't sell.
Agreed, most big holders won't sell they are true believers in this system. Although i do think some youngsters maybe selling now, the computertechies in their early twenties who discovered Bitcoin and mined some coins. They have enough now to buy nice things and improve their life quality. That is a difference with the investors who bought in during the March/April rally, they already have money of course.
My question is, why don't we see new whales coming up yet? Or do we have to be more patient?
Theres been alot of hype about big swings this week... a smart person would sit on the sideline to see what happens before investing... i know i would if i was in that boat.
43.
Post 3479226 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.20h):
boom
44.
Post 3482194 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.20h):
Ain't it the truth.
I think truth is
- buy low
- sell high
...
- buy higher
"Losing all your money" is difficult w/ bitcoin.
Ain't it true!
45.
Post 3507932 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.21h):
What time is it in the USA?
46.
Post 3507948 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.21h):
What time is it in the USA?
4 to 6 AM
But USA does not drive shit lately. China does.
I'm thinking more in terms of panic selling when they wake up and see the price.
47.
Post 3573201 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
What's the countdown?
48.
Post 3573269 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
What's the countdown?
I think he's counting down the Bitstamp $400 wall, although it doesn't look like he's on target.
Thanks
49.
Post 3573334 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
What's the countdown?
I think he's counting down the Bitstamp $400 wall, although it doesn't look like he's on target.
really? well, bad news, it's growing for about half an hour now.
no.
2Tempted to make something actually happen.
But no USD left. Wire transfers
Sell 50k coins please
market order.. Taa!
50.
Post 3573376 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
266........fuck 266.
Is that where you sold?
51.
Post 3573408 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
266........fuck 266.
Bargain.
I feel sorry for the guy who bought loads at 265 then panicked and sold them all the moment the 'crash' began.
Seems strange to say I'd be more than happy to buy at the previous ath....
52.
Post 3573478 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_11.23h):
Get off the track or you'll be killed when it comes back....
53.
Post 5318158 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.16h):
Just checked my emails for today and had this response to my support request from mtgox. hopefully an announcement isnt too far off
if all goes well ive made a pretty penny this last week!
James Support, Feb 23 13:55:
Dear Mark,
Sorry for the delay in response. We working on it and will make an announcement soon regarding the BTC withdrawal. Please contact us for further assistance.
Best regards,
MtGox Team
https://www.mtgox.com[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers.
Please visit
https://mtgox.com/security]
Mark Billington, Feb 20 20:48:
James,
Could you enable BTC withdrawal on my account so im able to remove my
coins? Or advise how long it will be before they are enabled.
Mark
Soon
TM.. lol
54.
Post 5318258 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.16h):
Thats what i thought.
Ive not logged many support requests with them but it surprised me to get one on a sunday morning (To me, GMT). not sure what time it would have been in Japan.
EDIT:
It would have been 7:55pm sunday eve when they sent the message.
55.
Post 5318322 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.16h):
This is the speculation forum, make of it what you will. Even if it is just an "automated" copy and paste response, they are doing it on a sunday eve, which at least shows some commitment to try and keep on top of the workload they have.
56.
Post 5357373 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.19h):
For everyones info, Jeff Garzik is a bitcoin core dev.
57.
Post 5358528 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.19h):
Until a statement has been released by gox\mtgox, everything is still up in the air.
58.
Post 5362900 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.19h):
59.
Post 5386281 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.20h):
According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney’s office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too.
If true, it'll be be interesting to see which came first: the shutdown or the subpoena?
Or both at the same time...
60.
Post 5406895 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.21h):
the longer they wait between releasing info, the more crap like this will start to circulate....
61.
Post 5422590 (copy this link) (by billington.mark) (scraped on 2020-04-04_Sat_12.22h):
What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
