A lot of coins disappeared from Gox - it looks that almost BTC50k coins vanished from Gox order book just after the Dwolla situation, and obviously that figure does not count all the coins that were sitting on Gox without being on the order book. Anyhow, taking into account that the total amount of coins in the order book went from aprox. BTC170k to aprox. BTC120k, we can estimate that aprox. 30% of the total amount of coins sitting on Gox left that exchange after the Dwolla situation.

This huge amount of coins did not go to Bitstamp - only BTC18k are sitting at Bitstamp's order book, so we can safely assume that the gran majority of the individuals that withdrew their coins from Gox just sent them to a local wallet.

On the contrary, the bid sum increased just after the Dwolla situation (as expected - fearing people converting their fiat to BTC to withdraw it fast), but then it stabilized quite nicely to aprox. $21M, which is still more than x20 times the amount of fiat at Bitstamp order book, and is still a figure very close to ATH ($23M).

In my opinion we are living a "wait and see" situation. The fearful already withdrew their coins from MtGox immediately after the Dwolla thing, and the ones which still have some of their coins and their fiat there (I personally do) are not very worried.

Honestly, I do not see Bitstamp taking away a lot of business from MtGox soon - you have to take into account that verification to deal with significant money is a lengthy process, and Bitstamp does not even allow EUR trades. Then, Gox has a long history and is very trusted - they had customers who dealt with million $ and they never run away with their money, which is a big plus for big-money traders. I really doubt big time investors will run from Gox unless some real, trusted alternative is launched - perhaps an exchange run by some big Wall Street player.

I guess the best thing that could happen to Bitcoin is a very big financial player buying MtGox to run their operations in a 100% legal and professional way, while improving every aspect of their trading engine.

Very crazy if you consider that a $950k dump (or BTC12.5k, which is nothing) would take us to almost single digits at Bitstamp. How about that?

If you did not get it, the graph means that ATM the total amount of fiat in Bitstamp's order book is not enough to bring the price over $125. On the contrary, the total amount of coins on Bitstamp's order book could bring the price to almost 0.

Obviously money and BTC can enter or vanish from the order book in the blink of an eye, but still one fact remains: the selling pressure is huge compared to the bid side at Bitstamp.

It's the opposite. The bids are on the left side, and you would need a heavy volume to take the price up, while you would need a very light volume to push the price down significantly.

Anyhow, it seems that asks are stable, nobody is dumping, everybody is patiently waiting for their asks to be filled.

So, how many Jalapeños has been delivered so far? 6? 10? 20?

They started "shipping" weeks ago, any idea of how many units are they "shipping" per day?

Crazy selling pressure at Bitstamp

It is a bearish signal for sure: SELL SELL SELL!!

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku associations. Yanderes' throbbing cunts glistened against Ripple

Gotta love stability

Yeah, that's for sure, not only because the bank accounts were frozen, but also because you just do not quickly throw significant money to BTC if you never bought BTC before - you just don't have the means to do it.

I agree with most of your posts in here, but not regarding the Cyprus situation - I'm sure that the Cyprus (not Cyprees, BTW) impact on the BTC price was just speculative mania. I can guarantee you that a negligible amount of Cyprus citizens were able to throw money to BTC. You know, BTC is a lengthy process: first you need to understand, and then you start to use a little money to buy BTC. It's not an easy process, as there are both intellectual and technical barriers.

The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.

So... BFL started "shipping" weeks ago... How is that we are not flooded by ecstatic posts of Jalapeño users receiving their machines?

Any word about how many units are their "shipping" per day?

Change the motherf***ing password

What a coincidence that this moron is posting his FUD also in all Ripple thread.

Trying to pump the Ripple prices?

You are so blatantly failing that you do not even need to be banned.

Shibaji, I have to differ: this thread is very much needed as it exposes blatantly a huge flaw in debt-based systems, including Ripple.

Or Ripple system changes radically, or this is what we are going to get over and over as soon as Ripple opens to the "great public".

Just check this thread: https://bitcointalk.org/index.php?topic=145896.0

"Hero" members of these forums granting trust to each other, like there's no tomorrow. There is a too big incentive in creating money out of thin air, as bankers actually do.

As it is, Ripple is scammer paradise, and in some way "democratizes" the very characteristics of the financial system that Bitcoin was designed to address.

Volume is getting lower and lower at Gox.

We may soon have to troll on the "Wall Observer - Bitstamp wall movement tracker - Hardcore" thread?

After the painfully verification/trust process at Gox, it would be major PITA to go through the same process with another exchange - but anyhow we really need to get rid of MtGox's dangerous centralization.

I just hope that better infrastructure arrives ASAP, I'm still not loving Bitstamp too much, and liquidity is still too low (but it is improving).

$90k to $123 ATM

Frozenlock: you got a point there

I guess that I'm oscillating between two approaches:

A) Ripple is the reproduction of a flawed, debt based system, willing to parasitize Bitcoin to ultimately compete with it through a pre-mined crypto controlled by a handful of individuals

B) Ripple is really everything stated in a),  but their crypto has no real potential to compete with Bitcoin

I have to also admit that this heavy promotion among bitcoiners kinda irritates me.  I'm testing Ripple intensively, and as you all know you do not hold BTC in Ripple, you hold BTC IOUs. This kinda defeat the whole purpose of using BTC's. What would Satoshi think about people trading BTC IOUs? Heck, you can also create more BTC IOUs inside Ripple than the total amount of Real BTC existing.

I believe we are overreacting to Ripple.

I will ask you a question: when you first heard about Bitcoin, why did you fall in love with it?

Maybe because is decentralized. Or because the inflation is built into the system to pay miners, who secure the network. Or because you do not need to trust any third party.

We all know Ripple has nothing in common with Bitcoin, except that it uses cryptography too. Ripple is a debt based system, you hold and trade IOU's, and in fact Ripple takes to a distributed level all the flaws of the banking and financial system that we bitcoiners dislike.

I would say this is not a Ripple fault - it deals with fiat currencies, and the flaws of a trust and debt based system are inherent to fiat currencies.

Then, Ripple has his own crypto, but it's 100% premined and controlled by a private company. I think everybody interested in cryptos will agree that this fact is a huge drawback, and quite the opposite of the cryptocurrency philosophy founded by Bitcoin. I myself would be very worried about transferring significant value to a currency with XRP's characteristics, as a single player has too much power from the very beginning. We could say that is the "get rich tool" of a handful of individuals who control the immense majority of it, this is its purpose, and everybody can see it.

Last but not least, I have security concerns with Ripple. I still do not get what is the incentive of validators to run the nodes. Mining in bitcoin has a very clear purpose and a very clear reward everybody understands almost immediately - and everybody would have the motivation to mine under the correct circumstances. But what about validation nodes in Ripple? Their security model is still unclear to me - maybe mrbigggg can shed some light?

Making a long story short: I can understand the accusation of Ripple wanting to "profit" from Bitcoins appeal, but I do not think they will be able to harm it. At least I hope XRP's won't be able to harm Bitcoin, because as a crypto currency Bitcoin is superior in so many ways and everybody can see it.

Who decides who is a reputable validator and who is not?