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

[CMMPro]

We had a purebread Mau up until he passed away this year!
Funny to see people here talking about one...

i just scrolled through a lot of catpics and found just one existing breeder in my country. (it must be really very rare to find)
that's the most elegant and beautiful race I've ever seen.
sorry for your loss, must haven been an interesting experience having such an animal by your side...


...what am I doing here - i am talking about cats in the wallobserver thread....i have to delete this stuff tomorrow


ehm I meant....1h chart looks quite bullish, inverse hammer forming....
time to rally a bit up and test 140 again

i hope this sounded kind of right

Sorry for the OT everyone...

Thanks, very rare cat indeed. Ours was ~$5500 here in Canada several years ago...there are not many of those around that's why I was surprised to see people talking about Mau's.
 
He was a silver Mau with a prominent black Scarab on his forehead.
Very affectionate and his nickname was McLovin.

Now back to your regularly scheduled Wall Observing...

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[thezerg]

OMG I actually briefly unignored Walsoraj because he posted right after mine... stupid stupid stupid how can I get these seconds of my life back?  

PS: I just slipped/pushed Gox 135.25 to 136.00 75 cents to buy 5 measly coins!  That's got to be a slippage record but I've finally gotten clean of that disaster  I'm thinking of b&h and going BTC information blackout for a few months, we'll see if I can resist :-)

[notme]

Oh man i hate so much that 1.0 BTC bot that sells every 5 seconds, it's has been selling for weeks at the tops and the bottoms.

It seems that has an infinite supply of coins and is painting red all day my dear clarkmoody, please stoooop, you can't withdrawal dollars from Gox so don't sell  

Or maybe he can?

If he has enough funds to make arrangements with Gox (and selling 1 BTC/min seems to indicate he does), he will make bank on the arbitrage.

BTW, "someone" is also making corresponding buys on stamp.

[SheHadMANHands]

Oh man i hate so much that 1.0 BTC bot that sells every 5 seconds, it's has been selling for weeks at the tops and the bottoms.

It seems that has an infinite supply of coins and is painting red all day my dear clarkmoody, please stoooop, you can't withdrawal dollars from Gox so don't sell  

Yes, I think people just ignore it at this point (as if it's already factored into the price).

[byronbb]

Maybe old news around here but someone might be trying to front-run this.

[arklan]

what the heck is second market?

[hlynur]

Maybe old news around here but someone might be trying to front-run this.

how big is this? I never heard of secondmarket before. Good sign though it's US and registered with SEC so they should have figured out the legal stuff.

[jojo69]

bucket shop?

[QuestionAuthority]

bucket shop?

Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.

[bobdude17]

Bitcoin ETF maybe?

[2dogs]

bucket shop?

Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.

Agree, reminds me of "boiler room".

I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.

[hlynur]

https://en.wikipedia.org/wiki/SecondMarket

https://www.secondmarket.com/

Well that was easy.

yea, already read that. I was more looking for any current figures.
that wikipedia article is quite old.

The firm's private-company transactions, which totaled $100 million in 2009, quadrupled by 2010 to $400 million. Based on first-quarter results, SecondMarket could broker $1 billion in private-company shares in 20118

only found some interesting reviews of former employees:
http://www.glassdoor.com/Reviews/SecondMarket-Reviews-E432167.htm
and this article
http://techcrunch.com/2013/04/25/secondmarket-confirms-layoffs-to-have-leaner-cost-structure-become-break-even/

ehh...really sounds perfect for bitcoin  

edit:
http://www.inc.com/eric-markowitz/second-market-second-act-sec-ruling.html
http://betabeat.com/2013/04/layoffs-at-secondmarket-barry-silbert/

[bobdude17]

bucket shop?

Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.

Agree, reminds me of "boiler room".

I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.

Well considering that you have to earn over 200k a year or be a millionaire to touch those investments...
I don't think you need to worry.

[QuestionAuthority]

bucket shop?

Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.

Agree, reminds me of "boiler room".

I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.

Well considering that you have to earn over 200k a year or be a millionaire to touch those investments...
I don't think you need to worry.

Maybe they can team up with BFL and Bitcoinica to create a new startup called SecondScammer since that's what they specialize in. lol

[bootytoots]

Hi folks,

A question about Mt. Gox withdrawals.

I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.

Mt. Gox is telling me that, in order to withdraw bitcoins,  I need to get my non-English language documents translated and notarized and mailed to Japan.

Does that fir with your understanding of their policy?

Thanks.

[Ivanhoe]

I know that you have to be verified to withdraw Bitcoins, however when i submitted them i didn't need to translate them. They accepted my Dutch documents without a problem, maybe because back then the verification queue at Mt.Gox had a record length.

[JimboToronto]

Hi folks,

A question about Mt. Gox withdrawals.

I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.

Mt. Gox is telling me that, in order to withdraw bitcoins,  I need to get my non-English language documents translated and notarized and mailed to Japan.

Does that fir with your understanding of their policy?

Thanks.

OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.

After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.

Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.

I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?

Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.

Further shame on you MtGox.

[LOADING.READY.RUN]

Mt. Gox is telling me that, in order to withdraw bitcoins,  I need to get my non-English language documents translated and notarized and mailed to Japan.

[...]
Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.

I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?

Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.

You could always find a registered Gox user you trust to transfer the coins to his/her account and get them from that person. 50 BTC are 50 BTC, maybe you can easily say "only" about that amount, but it's certainly more than I'd want to lose. Not to forget what it might be worth in a year or 2

I'd be willing to help (as a registered Gox user), but as I'm a forum newbie, there's little to demonstrate my trustworthiness... But as you seem to be willing to let go of it entirely, it might be worth a try

Further shame on you MtGox.

Absolutely!

[JimboToronto]

50 BTC are 50 BTC, maybe you can easily say "only" about that amount, but it's certainly more than I'd want to lose. Not to forget what it might be worth in a year or 2

 you seem to be willing to let go of it entirely

Don't get me wrong. 50BTC is certainly more than I intend to lose. The reason I said "only" is that I'm glad the bulk of my coins are elsewhere.

What bugs me is the fact that I'll have to get a passport or provincial age-of-majority card (at the age of 65) just to get back what is mine. This is almost as ridiculous as being IDed at the Skydome to buy a beer when I was 60 years old. At that time I simply went to a different kiosk. This requires a lot more fuss and expense.

When MtGox announced back in May, following the Dwolla and Wells Fargo seizures and Liberty Reserve bust, that they were requiring identification for fiat transfers, they specifically stated that Bitcoin transfers were unaffected so I left my coins there.

Now it seems that they were lying all along. Shame, shame, shame.

[wachtwoord]

Hi folks,

A question about Mt. Gox withdrawals.

I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.

Mt. Gox is telling me that, in order to withdraw bitcoins,  I need to get my non-English language documents translated and notarized and mailed to Japan.

Does that fir with your understanding of their policy?

Thanks.

OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.

After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.

Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.

I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?

Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.

Further shame on you MtGox.

Apply for a Wirtland ID? Will they accept that?