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

[gizmoh]

And now even buying BTCs might not be a way to get out of MtGox. 

https://bitcointalk.org/index.php?topic=264300.0

Alex Support, Jul 30 00:31 (JST):
Hello,

Thank you for contacting us. Sorry for the inconvenience happen, On time being we have an technical issue on btc withdrawal that appearing on block chain, by the same our developer team is working on it for fixing-up. mean-while please let us know if your transaction got processed.

Best regards,

Mt.Gox Team
https://www.mtgox.com

I got same issue earlier today, however my btc ( hundreds) arrived later on. I do believe it was indeed a technical issue.

[1714218239]

1714218239

[1714218239]

1714218239

[MoreFun]

The only option now is to buy the whole company. Whales?

[adamstgBit]

And now even buying BTCs might not be a way to get out of MtGox. 

https://bitcointalk.org/index.php?topic=264300.0

Alex Support, Jul 30 00:31 (JST):
Hello,

Thank you for contacting us. Sorry for the inconvenience happen, On time being we have an technical issue on btc withdrawal that appearing on block chain, by the same our developer team is working on it for fixing-up. mean-while please let us know if your transaction got processed.

Best regards,

Mt.Gox Team
https://www.mtgox.com

I got same issue earlier today, however my btc ( hundreds) arrived later on. I do believe it was indeed a technical issue.

the msg must have been google translated... lol...

[MAbtc]

How about we all just recognize this isn't a religious thread and is instead a Bitcoin thread, and thus don't bring up religion?

If there is one thing this forum has taught me, it's that for many, bitcoin is religion.

[ChartBuddy]

[JimboToronto]

How about we all just recognize this isn't a religious thread and is instead a Bitcoin thread, and thus don't bring up religion?

If there is one thing this forum has taught me, it's that for many, bitcoin is religion.

And for others TA is religion.  

[Kazu]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

[oda.krell]

How about we all just recognize this isn't a religious thread and is instead a Bitcoin thread, and thus don't bring up religion? I'm sure there is some place on this forum where you can talk about religion if you want to. I don't particularly care if you are religions or not, but thats completely off-topic, even by this thread's standards.

Feel free to place me on ignore. This thread is defined more by it's off-topicness than by its actual topic, so I'll continue posting whatever the fuck I feel like.

I do consider it good practice not to spam the entire thread with those tangential discussions, especially if there's something interesting going on on the market, but that was hardly the case here.

[vokain]

This thread is defined more by it's off-topicness than by its actual topic, so I'll continue posting whatever the fuck I feel like.

I do consider it good practice not to spam the entire thread with those tangential discussions, especially if there's something interesting going on on the market, but that was hardly the case here.

agreed

[adamstgBit]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

[vokain]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

and soon, bitstamp will eat up mtgox's market share

[Pompobit]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

and soon, bitstamp will eat up mtgox's market share

if only they had decent trading API

[vokain]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

and soon, bitstamp will eat up mtgox's market share

if only they had decent trading API

coinsetter would, I imagine

http://www.reddit.com/r/Bitcoin/comments/1jalzy/nycbased_coinsetter_exchange_opening_their_doors/
http://coinsetter.com/

[Kazu]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

One problem:

I'm stuck.

All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.



I have yet to use Gox and not regret my decision.

[vokain]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

One problem:

I'm stuck.

All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.



I have yet to use Gox and not regret my decision.

lol fiat problems 

sorry, I do empathize for you and all the fiat holders stuck on Gox Kazu

[adamstgBit]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

and soon, bitstamp will eat up mtgox's market share

i wish a new market place came up and took on the job of servicing the US and Canada, and did an awesome job. but I guess bitstamps can do that. it would be nice to see bitstamps grow to the size of mtgox and not have so many technical / non-technical problems...

[Kazu]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

One problem:

I'm stuck.

All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.



I have yet to use Gox and not regret my decision.

lol fiat problems 

sorry, I do empathize for you and all the fiat holders stuck on Gox Kazu

So I get fiat, and I get screwed over because online all it is is just debt owed to you by the exchange of your choice.
So I get Bitcoin, and I get screwed over because the exchange rate derps.

I need to find something to do with my time that doesn't result in not sleeping at night.

[oda.krell]

Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.

its been clear for a while now that bitstamps is get more and more volume coming from mt gox

the price difference is a result of this shift

it could stay that way for a long time... buy now  

A volume-based metric I place some trust in, confirms that: there is substantial buying pressure on bitstamp, even if the price gap somewhat obscures this fact.





First the similarities: daily A/D continued to rise on both bit and mtg, well after the April peak, and throughout the initial correction/bubble deflation. It peaked in mid-June, then gently started sloping downwards. The corresponding price action was the recent downtrend that took us from ~110 to ~70 (mtg prices).

Now for the differences: as of early JuneJuly, A/D stabilized on mtg. Maybe with a weak upwards slope. Contrast this with bit: around the same time, instead of merely stabilizing, A/D is shooting up (in comparison).

It's as if all the btc optimism migrated from mtgox to bitstamp. No guarantee that this lasts however, if mtgox manages to solve its fiat problem in time.

EDIT: corrected mistake

[Richy_T]

I need to find something to do with my time that doesn't result in not sleeping at night.

Bitcoin: Because sleep is for the weak.

[barbs]

why is the market so calm?

And why are EUR/GBP so much cheaper than the USD market? I regret liquidating to USD, it's one of the first times ever that the USD ask is way higher than GBP/EUR asks ..??