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

[JimboToronto]

At what time did you go to bed? When I went to bed we were at 99-98.

I checked the charts before going to bed sometime near 3AM EDT (7AM UTC), just in time to see the second whale dump, the big one that drove it down into the 80s. Stayed up another hour or so to watch the fireworks, but I was nodding out and put myself to bed with the price having bounced up to 93 and back down to 90 and change.

Amazingly, I wake up, run to see the charts and see basically the same price.

Edit: Oops,  I realized I used EDT. Coffee brewed, must drink. Mmm, freshly brewed Mocha-Java, full city roast.

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[Rampion]

Some more anti-FUD:

One of my withdrawals arrived today. This was, however, the last one I did. Two still remains (which was executed prior to the one I received).

So, Gox is wiring people's money: you are free to sell and cash in your hard-earned fiat profits, summer is long

[derpinheimer]

Gap between gox and bitstamp now about 10$

Gap should be measured in percentage %. $10 now and around $50 is a different thing.

Yes you´re right. 10% now.

What was the largest gap we´ve seen ?

~90 vs ~110

[vokain]

again, I just wanted to publicly state my opinion that I hate gox

[crumbs]

We could use a bigger ChartBuddy, couldn't we? Clicking on it every time its a pain, its much better when you can have the picture of the book at first glance.
The ones hating it can just ignore it.

+1  I have him on ignore & click "unignore" whenever i want him to weigh in.  Now it takes two extra clicks & much mouse-dragging.

[ChartBuddy]

[prof7bit]

+1  I have him on ignore & click "unignore" whenever i want him to weigh in.  Now it takes two extra clicks & much mouse-dragging.

It needs only one click and no mouse dragging.

The small size is perfectly ok, most often you can see already from the small thumbnail whether it contains any new information (most of the time it doesn't). You only need to click if you need to have a closer look. If you can't perceive enough details in the thumbnail to make that decision you should probably visit the eye doctor as soon as possible, it will probably get worse and you need glasses.

[JimboToronto]

What if you threw a party and nobody came?

Weren't the payments supposed to start at noon UTC?

Since then, volumes have slightly dropped and the price has slightly risen.

Perhaps, as I posted last night, the kind of people to buy stock in a BTC-based enterprise like SD are more likely to hoard than sell, especially in a market that was trending upward.

The day is still young. Wait and see.

[Coinseeker]

What if you threw a party and nobody came?

Weren't the payments supposed to start at noon UTC?

Since then, volumes have slightly dropped and the price has slightly risen.

Perhaps, as I posted last night, the kind of people to buy stock in a BTC-based enterprise like SD are more likely to hoard than sell, especially in a market that was trending upward.

The day is still young. Wait and see.

Zoom out. 

[ChartBuddy]

[ShroomsKit]

cause you can't actually predict it

Sometimes I can, sometimes I can't

Yes it's called random chance.

It is called risk/reward ratio and probability.

It's called you're a dumb ass troll.

[JimboToronto]

Zoom out. 

That's exactly what I do whenever I start to feel bearish.

Zoom out to 1 year and see the big picture: steady growth, a big bubble, a burst, a dead cat bounce, and a return to more or less the same steady growth until the US DHS's shenanigans with Dwolla and Liberty Reserve, the resulting impact on MtGox and it's bank, culminating in a panic all the way down into the 60s, a trend reversal all the way back to triple digits, a bear trap in the 90s, and a period of pre-rally book consolidation with typical low volume.

The SD coin payout was pretty much a surprise. IMO the reaction is much less than I expected and only underscores the overall up-trend.

[Coinseeker]

Zoom out.  

That's exactly what I do whenever I start to feel bearish.

Zoom out to 1 year and see the big picture: steady growth, a big bubble, a burst, a dead cat bounce, and a return to more or less the same steady growth until the US DHS's shenanigans with Dwolla and Liberty Reserve, the resulting impact on MtGox and it's bank, culminating in a panic all the way down into the 60s, a trend reversal all the way back to triple digits, a bear trap in the 90s, and a period of pre-rally book consolidation with typical low volume.

The SD coin payout was pretty much a surprise. IMO the reaction is much less than I expected and only underscores the overall up-trend.

And that's why markets work.  Everybody will see something different in the exact same data.  In my view, what you speak of are just triggers to the obvious down trends.  You see them as stumbling blocks to the "up, up, up" philosophy.  This SD payout for me, is just another trigger of the obvious trend that was going to take us into at least the mid-50's over the next few weeks.  The turn had already started after we hit 104, then started bouncing off 100, 99, 98.  We were in a consolidation phase that was just waiting to give.  SD is just an excuse for sellers to pull the trigger but the trigger was going to be pulled regardless.  

Edit:  The only real benefit the SD news gave me, was enough forum chatter to know that a drop was imminent, due to self-fulfilling prophecy.  Thus, I sold at 98, just moments before it started to come down.

[Pale Phoenix]

I checked the charts before going to bed sometime near 3AM EDT (7AM UTC), just in time to see the second whale dump, the big one that drove it down into the 80s. Stayed up another hour or so to watch the fireworks, but I was nodding out and put myself to bed with the price having bounced up to 93 and back down to 90 and change.

Amazingly, I wake up, run to see the charts and see basically the same price.

My schedule almost exactly. I fully expected to wake up with BTC in the mid to low 70's at least.

[xenofanesSkarak]

hello please help       

what are current limit for withdrawal for BTC on Mt Gox?I sent MTGox scan of my national ID and utility bills and I have now verified account. (but not trusted if I understand well from my settings when I login?)

I saw there following

Your account currently has a "Verified" status; you can update your account to a "Trusted" status.
“Trusted” Accounts are eligible for the below withdrawal limits:
Traditional Currencies
 Daily withdrawal limit (24hrs): 100,000 USD (or equivalent)
 Monthly withdrawal limit: 500,000 USD (or equivalent)
Bitcoin
 Daily Bitcoin withdrawal limit (24hrs): 10,000 BTC
 Monthly Bitcoin withdrawal limit: none

but to become trusted it cannot be more complicated (for people from Europe) - I already sent them a question unfortunately so far without reply
I dont know whether it should be translated in English or Japan
(notarized copy sealed with an apostille for the following documents:
•A copy of your (valid) government issued photo ID (passport, permanent residence card or driver’s license) and
•A copy of either your monthly utility bill (power, phone, TV, gas, water, etc.) or a certificate of residency issued by your local government.)

I hope I would never need trusted threshold.... but I cannot find what are limits for ordinary verified members

please could you help
I made attempts by "try and error" and now I know that it takes 50 minutes/5 confirmation to send there BTC and withdrawing is also OK (faster) but I still cannot find the limits - what if I am allowed to transfer 10 BTC in a total or something like that???

I apologize to post it here but I couldnot find better thread/discussion      

[Pale Phoenix]

...underscores the overall up-trend.

Uptrend in the medium term perhaps, but I'm seeing a rocky road just ahead. Very rocky if certain worst case scenarios play out with Gox.

[Pale Phoenix]

Some more anti-FUD:

Complaints from people who haven't been able to access their funds for many weeks is FUD? Exactly how thick are your rose colored glasses?

[spooderman]

Where's adam?

[Chalkbot]

hello please help       

xeno, I believe the daily BTC withdrawal limit for verified users is 100 BTC.

[ElectricMucus]

TL;DR

Bears have underestimated price support. I wonder why

Because you said so dear Highness.