nothing can stop us now!
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Holy cow gox under 1000 volume.
Unfortunately Gox is dying slowly, First the drama in April with their trading engine lag, then the Fiat withdrawal problems and now the BTC withdrawal problems. Gox has been the leader, a year and half ago they held more than 80% of the trading volume, now they lost more than 80% of their volume and I am afraid that they will have to fix all their problems ASAP or they will have 0 volume and then they will have just to shutdown. but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today. Yesterday's volume at Gox of 1458 btc was the lowest since they started in 2010 (except the week they were closed in 2011). |
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I am getting slightly annoyed to them. My 14 withdrawals totalling BTC500+ have not arrived after 8 days. They sent 2 withdrawals totalling BTC2.1 to prove that they are alive though.
In my opinion it is a very scammy thing to not process the backlog in order.
Note that I do not usually call anyone scammers, this may be the first time.
Why are you still persevering there? The alarm bells have been ringing since June last year. |
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someone just dumped 820 coins on stamp  maybe he misstyped the price into the amount of coins  yeah, I have done that before... He want to sell 5 coins at 820 but sold 820 coins at $5  At least there were buy orders! There was a buy order of 580 @ 816 which took the brunt of it. |
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Time to fondly remember the greatest proudhon moment. It occurred at the April 2013 peak, when he finally turned from bear to bull...
Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.
Followed by a mass sell off by all. |
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Aware of it? LOL There was a guy yesterday proving a minute by minute commentary on it. Over it, more like. lol, like gox really has 32k btc. ponzi time, now not only with fiat but with btc too! Wasn't their Bitcoinica holding around 32k? |
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Stock exchanges have existed without government intervention, so it definitely works, though now it is mostly illegal.
Governments damage exchanges more often than support them. USG has crippled MtGox. Government permitted HFT is distorting the futures markets as ZH constantly reports using analysis from Nanex. |
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Btw whatīs way scarier than the possible china ban is MTGox. It seems that their problems are gettin even worse.
A lot of the people havenīt heard from the support in the last 3/4 days.
Almost 30000BTC are stuck/lost in tx....
it seems to go up 10K every day How can you view this? |
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I've stuck an order in the $600s for the humungous flash crash if/when mtgox finally turns turtle. I put a withdrawal for 6.25 BTC 6 hours ago nothing on the block chain or anywhere.  The number of broken BTC withdrawal TX just hit 1700. this is very very bad, folks.... |
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992 stuck transactions now, and growing. Gox probably has to wait for some suckers to make deposits before doing withdrawals. This just screams "last stages of Ponzi scheme." This is insane. Since I moved to Bitstamp in June I have done a dozen btc withdrawals and they all took just minutes to be seen on the blockchain. Gox is goxxing its customers like pigs on a spit. |
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Well, I didn't have confirmed sources back then.
This only confrms your genious mind. I'm gonna have to put you on ignore as well. Buh bye. Jeez Christ! You lasted out until page 4269! |
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THis means that Russia has joined China in accumulating bitcoins!... yea people dont buy any... let me buy them all up and then when I say you can use them!
Whatever these headlines say.. usually the hidden agenda is the OPPOSITE of what they mean literally.
Why would China and Russia trust an Anglo-American NSA spy coin.. Who the fuck is Satoshi Nakamoto? Think about it.. Mathematics and software transcend language and culture. The Chinese and Russians are perfectly capable of seeing that Bitcoin is a tour-de-force, theoretically capable of displacing their own fiat systems at a future date. Hence totalitarian regimes revert to type and lash out. About 20 central banks have warned about Bitcoin, which is a huge vote of confidence in its strength. |
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Two recent events in particular show that the US is a pale shadow of the freedom-loving law-abiding democracy founded in 1776:
1). Tapper lying to congress and getting away with it.
2). Corzine mixing client and prop funds and getting away with it.
So, yes, in the wasteland ruins of the 1776 idealism money cannot be safe in any financial institution.
Some who lived in New Jersey in the recent past may also remember Jon Corzine as the corrupt, incompetent Democratic governor who is personally the reason why even a heavily Democratic state like New Jersey has a Republican governor, Chris Christie. (Note, additionally, NJ's Democratic leanings are somewhat exaggerated and if you look at the northern parts of the state that are basically wealthy suburbs of New York, as well as the suburban landscape of central Jersey, you'll find a lot of Republican strongholds as well.) The real problem is that in recent years you cannot get a cigarette paper between the Democrats and Republicans as they exercise policy when in government. Effectively it means democracy is irrelevant and there is a one-party state. Same situation exists in the UK and Germany. |
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How is Keiser going to report this news This is a real test for Max. He either tears shreds off the Russian CB on RT, or he resigns and moves his show to another channel. Al Jazeera might be a better option now! |
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Have important update - we've made a decision on chinese exchanges suspected in faking trading volume figures.
fxbtc integration changed to calculate actual trades and now it shows a much lower and probably real volume.
okcoin does not provide trading history data, so we can't go that route. So okcoin has been removed, it's put to ignored exchanges list now.
btctrade - removed also, for same reasons.
As a result of this CNY market trading volume shrank by around ten times, and now has much lower influence on global average price.
If someone has any information relevant to the case - we're happy to listen. We will probably review this decision once this situation will remedy itself.
Alex at BitcoinAverage.
Great work Alex. Unfortunately the job is not complete until mtgox is removed too. When/if they get fiat transfers back to < 1 week only then can they be considered a valid price source. |
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Anything that doesn't include MtGox, which both Preev and BitcoinAverage still do unfortunately. Preev also doesn't seem to use a volume-weighted average, so the Gox-effect is even more pronounced there.
For this reason the most accurate price is an average of bitstamp and btce |
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Probably the Bitstamp API has stalled because of too many requests from the ATM (i.e. spam-like).
The ATM should maintain a float and decouple customer transactions from exchange fill-ups. I am amazed that this was not considered a priority after rollout. The ATM should also have a link to btce, but it is up to Robocoin to improve this.
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Piuk & team: Please consider using a Bitstamp/BTC-e composite valuation price (fx rate) instead of MtGox which is inflated 20% now because of their fiat handling problems.
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Simple: Don't use Gox.
gee, you must be really fun at parties.  I know the truth hurts for you. But some of you need to hear it. They have been hearing the warnings for SIX months! The market is now pricing in a 20% chance that customers of MtGox will get 0% of their money back. |
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For those who may not be aware. As many have implied, Bitcoin economy has come under speculative pressure not only by new adopters of BTC but of Crypto coins in general. The "alt-coin" mining landscape have opened up the opportunity for speculative miners have taken up the mine and dump for BTC and then sell for USD strategy. This applies to both SHA256 or Scrypt "alt-coins". Bitcoin / litecoin have been under pressure in the sense that many speculators have been trading them for the "Flavor of the Day" "scam coins" that have been popping up in the wild. The return for miners to Jump on this strategy of mining is high when you factor what it costs to get 1BTC using traditional ASIC hardware. Please review this link below. http://www.coinwarz.com/cryptocurrency/?sha256HashRate=4500000.00&sha256Power=8000.00&sha256PowerCost=0.1000&scryptHashRate=50000.00&scryptPower=12000.00&scryptPowerCost=0.1000&sha256Check=false&scryptCheck=trueIt shows the type of return one could expect running a GPU operation at 50,000 KH/s and what you would get if you just mined and dumped every 24 hours. With the advent of scrypt ASIC hardware seeming possible some time this year. I wonder how long this strategy will hold until 1 coin scrypt emerges winner. Yes I may have let the cat out of the bag however I feel people should be informed as to what may be putting added pressure in keeping btc and its "network" at such an undervalued state. Indeed. And bitstamp/btce are probably seeing steady sales of coins (via BitPay/Coinbase) because of the major retailers Overstock, TigerDirect, plus Zynga and Shopify who convert coins to fiat straightaway. So, until the customers on those sites are using newly acquired coins more than old coins the selling pressure continues. |
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