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401  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 12:48:04 PM
what's up with China and BTC-E, btw? Why now are they constantly higher than Stamp?
402  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 12:08:09 PM
someone is betting that gox is kaput.

One or two whales are - maybe they do have information. Insofar the market is very slowly but constantly betting against them, and eating the walls.

That is interesting to watch. Where does this little army of buys come from?
I think it is either one of the first signs that we are close to the bottom or just another station on the way to hell. Who knows.
403  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 11:55:11 AM
Meanwhile someone put a 1000btc ask wall at 578.5 in front of the 5000 one at 580, and it is slowly being eaten.
404  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 11:53:24 AM
It would be interesting to graph the combined BTC depth on Gox + Stamp + BTC-E exactly around the bottom of last summer and compare it to what it is now.

My theory being that in case the capitulation happens out of everyone losing interest, the bottom looks much more like a long U-shaped one than a quick drop and recovery, and then I expect the depths to be quite low when it happens? Do I make sense at all?  Huh
405  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 09:43:00 AM
Btw. Hails to TERA for being right again and again in such difficult times.
406  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 09:34:36 AM
Was asleep, what what the time window between the news and the crash? 5minutes or less? What was the first news source?

The news came out at least 2 hours after the crash started. Seems like some people knew a bit earlier than the rest of us.

http://online.wsj.com/news/articles/SB10001424052702303426304579401883794330454
It's actually a good news. After Mark Karpeles blamed Bitcoin protocol to be guilty for his own wallet software problems there is no one who wanted MtGox to be in the board of the Bitcoin Foundation any more. Resignation is a good decision made, but most of speculators can't resist to dump the price for a while on such news. This have nothing to do with when and if MtGox is capable/will return the coins and surely are good news for all the Bitcoin community. It's Monday and a lot of fresh fiat should be coming to MtGox bank accounts.

Short term it's not. Long term it is. Just wait for wave 2 and 3 of dumpers while the price temporarily recoups. This is gonna haunt the market for a few more weeks.
407  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 08:49:21 AM
Was asleep, what what the time window between the news and the crash? 5minutes or less? What was the first news source?

The news came out at least 2 hours after the crash started. Seems like some people knew a bit earlier than the rest of us.

http://online.wsj.com/news/articles/SB10001424052702303426304579401883794330454

Bitcoin Foundation insiders do know stuff earlier than others. So did Coinbase, probably (which maybe has something to do with that 10k wall?).

That was an opportunity to make money off the herd of us, like any other. I do not even know whether we should get upset about it anymore. Knowledge is power. Insider trading will always happen.
408  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 10:55:31 PM
131 ask wall at 610. Was removed after being eaten for one third
409  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 10:09:20 PM
Mmm. Buying pressure did not vanish as expected. Also almost everyone here is a bear. Risky times.
410  Economy / Speculation / Re: Max Keiser Predicts $750-$800 This Coming Week on: February 23, 2014, 09:28:38 PM


Wonder how's Quark coin doing  Cheesy
411  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 09:13:58 PM
funny how TA works.

I bet we are going to test 560-590 in the next few hours. Anyone up for the bet? 1BTC Smiley

biafore, is that you?
412  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 09:10:59 PM
Creating transactions out of immature coins is a separate problem from transaction malleability. Gox is guilty of handling both situations poorly.

The fact that they haven't fixed creating transactions out of immature coins doesn't necessarily mean they also haven't fixed internal accounting problems stemming from transaction malleability.

I certainly don't expect them to go above and beyond and fix multiple problems at once!

My understanding is that because of the immature coins problem, mr. K. had setup automatic reissue. Basically when a Gox-initiated transaction would not appear in the blockchain for a certain time, some cron-job-or-whatever would credit the user back with the coins. I speculate that the job was, of course, looking for transactions by txid.

Now think of these two scenarios:
1. transaction fails because of incorrect padding; Gox credits the amount back to user; user fixes the transaction manually and rebroadcasts it; transaction succeeds
2. transaction fails because of immature coins; Gox credits the amount back to user; user rebroadcasts the transaction; transaction succeeds

Both scenarios have, by default, nothing to do with malleability. But still they will cause Gox' accounting to go bananas and some very happy users, who could then go malicious and try to find a way to iterate the process and empty Gox' wallets.

Malleability also makes it worse because even when automatic reissue is turned off, once the malicious user has learned that Gox support people are trained only to look for transactions by txid, he can rebroadcast the transaction with a different txid and still complain to Gox support that he did not receive his coins.
413  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2014, 06:35:03 PM
Looks more and more like flying dead cat on its way back to earth.
414  Economy / Speculation / Re: Mt.Gox Dumps coming! Under $250 Soon on: February 23, 2014, 12:54:52 PM
biafore - you've just gone and embarrassed yourself on the internet.
I'm so embarrassed, I better delete my account or my reputation will be ruined Huh

nah everyone in the playground will still think your cool and hard because you troll grown ups on the internet

.5 btc is probably more than 20% of what he owns. It's probably a huge deal to him. Otherwise he'd pay up. He tried to act all big and shit and it didn't work out.

Still. A bet is a bet. Honouring bets makes him a honourable and trustworthy man. Not doing so makes him a disgusting piece of shit.
415  Economy / Speculation / Re: Mt.Gox Dumps coming! on: February 23, 2014, 11:00:14 AM
Pay off your debts. Stop running away from it loser.
what bet paided? Guy never escrowed. I have proof.

Proof?
416  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 06:23:30 PM
And down Gox goes again.

http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/
417  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 05:14:03 PM
Quote
BTC : You can still withdraw up to 100.00000000 BTC provided you have enough on your account (your limit is 100.00000000 BTC per 24 hours )
    EUR : You can still withdraw up to 1,000.00000 € provided you have enough on your account (your limit is 1,000.00000 € per 24 hours and 10,000.00000 € per 30 days)

THIS

Gox has bitcoins, money, all is fine

All FUDer gone, rally is ON !

boy are you full of shit. Seriously. For f's sake!
Those are the same limits as before, for a verified standard account (EDIT: corrected).

If you have real news please bring them on the table.
418  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 05:01:26 PM
People are rallying because of this?http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_on_the_horizon_for_gox/

Unbelievable, anything to get the party started.

Massive bull trap.

That post is from a few hours ago. This move instead is way too sudden. Something must have changed in the Gox interface that triggered it. Someone suggested a change in their withdrawal limits. I don't have a Gox account handy anymore. Can anyone confirm please?


    BTC : You can still withdraw up to 100.00000000 BTC provided you have enough on your account (your limit is 100.00000000 BTC per 24 hours )
    EUR : You can still withdraw up to 1,000.00000 € provided you have enough on your account (your limit is 1,000.00000 € per 24 hours and 10,000.00000 € per 30 days)


Thanks  Wink that's how I remember it so no change, I think.

Now my other theory is that someone tried BTC withdrawals and... they got through.

EDIT: clarified that those are same limits as before
419  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 04:57:37 PM
People are rallying because of this?http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_on_the_horizon_for_gox/

Unbelievable, anything to get the party started.

Massive bull trap.

That post is from a few hours ago. This move instead is way too sudden. Something must have changed in the Gox interface that triggered it. Someone suggested a change in their withdrawal limits. I don't have a Gox account handy anymore. Can anyone confirm please?
420  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 04:49:46 PM
Daily withdrawal amounts are far less than what they were two hours ago on Gox.
I think they are preparing the stage for re-enabling withdrawals...


I see. That would be enough to renew hopes and spark a rally. What are the new limits looking like?
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