Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Jozzaboy]

Gentlemen, we are reaching escape velocity on the price right now 

[Frozenlock]

FWIW

Mtux says Mizuho Bank's automated wire transfer API is broken right now.  Wires can only be sent out manually by Mizuho.  Gox is opening accounts at other banks, which should drastically improve USD withdrawal times and bypass the technical problems at Mizuho.  This process should take around 2 weeks.

Lets examine this a little.

An API which has been working perfectly for a bank suddenly stops working and there is no solution to the problem apart from opening new bank accounts ?

Banks don't just go in and break their systems, if there was a software issue with their API they would roll back any recent changes and make it work again.

This is an excuse. Knowing how Asian businesses operate I would say it's a 'face saving' excuse.

I think I can say that this is also a lie - someone at the bank is lying to mtux if this is what was said.

Code:

[23:08] <MagicalTux> we broke their system due to the volume
[23:08] <ineededausername> the bank's system?
[23:08] <ineededausername> what do you mean broke?
[23:08] <MagicalTux> yep
[23:08] <MagicalTux> it's broken
[23:08] <ineededausername> a technical problem?
[23:08] <MagicalTux> yep
[23:09] <MagicalTux> they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)

if anyone wants to interpret it any differently.

[4mherewego]

I love this sound!

[ShroomsKit]

I'm not really paying attention but did the wall at $115 get bigger again after that big buy?

Edit: it adjusted already. Just Mtgox lag.

[ShroomsKit]

[hlynur]

it's getting interesting

[Miz4r]

The big money is coming.. 112 has been broken and we can prepare for launch into the stratosphere. 180 here we come!

[Jozzaboy]

It's looks like your mother's dildo has completed construction. I mean... blast off!

[Richy_T]

[BitcoinAshley]

up uP UP? 

[nmersulypnem]

FWIW

Mtux says Mizuho Bank's automated wire transfer API is broken right now.  Wires can only be sent out manually by Mizuho.  Gox is opening accounts at other banks, which should drastically improve USD withdrawal times and bypass the technical problems at Mizuho.  This process should take around 2 weeks.

Lets examine this a little.

An API which has been working perfectly for a bank suddenly stops working and there is no solution to the problem apart from opening new bank accounts ?

Banks don't just go in and break their systems, if there was a software issue with their API they would roll back any recent changes and make it work again.

This is an excuse. Knowing how Asian businesses operate I would say it's a 'face saving' excuse.

I think I can say that this is also a lie - someone at the bank is lying to mtux if this is what was said.

Code:

[23:08] <MagicalTux> we broke their system due to the volume
[23:08] <ineededausername> the bank's system?
[23:08] <ineededausername> what do you mean broke?
[23:08] <MagicalTux> yep
[23:08] <MagicalTux> it's broken
[23:08] <ineededausername> a technical problem?
[23:08] <MagicalTux> yep
[23:09] <MagicalTux> they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)

if anyone wants to interpret it any differently.

Where is the rest of this conversation?  Looks like I missed it...

[Frozenlock]

Click on "quote from".

[ElectricMucus]

[Dalib]

[micalith]

I was hoping mtgox Euros prices might follow the USD less sluggishly.

[spooderman]

escape velocity?

[Voodah]

This is more along the lines of my thinking.

Why is $180 being thrown around ? Am I missing something here ?

[MickeyT2008]

Why is $180 being thrown around ? Am I missing something here ?

$180 is a running joke on this thread, not a serious prediction.  You never know though...

[nmersulypnem]

Click on "quote from".

No, I mean the rest of the IRC chat.

[SGExodus]

The return of the 0.01 BTC bot