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

[rpg]

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

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[tarmi]

Assuming the person(s) placing that ask wall don't:

(1) Have special relationship that allows them to withdraw for some additional fee.
(2) Have insider information of an upcoming partnership announcement that resolves all withdrawal issues.

They may still just be betting that the price will fall.  They can then re-purchase those bitcoins on Mt Gox at a lower price.

Thus far, that hasn't been working out well for them.

nah, I think its pretty plain and simple: someone is willing to take the risks and just sell.

or it could be gox selling their btc stashes at premium prices.

[rpietila]

People should stop thinking that there are only 41k BTC on Gox. Just 3 days ago there were 55k BTC on the ask side and IMO the 'missing' 14k BTC are still on Gox,
waiting to be dumped at the right price. You'll see them again, probably within a week (some of them sooner), together with their offspring. 

Moving BTC around has proven to be uncensorable (easy). To determine what happens at Gox, it is much more important to know how much fiat currency they have

[markjamrobin]

People should stop thinking that there are only 41k BTC on Gox. Just 3 days ago there were 55k BTC on the ask side and IMO the 'missing' 14k BTC are still on Gox,
waiting to be dumped at the right price. You'll see them again, probably within a week (some of them sooner), together with their offspring. 

Moving BTC around has proven to be uncensorable (easy). To determine what happens at Gox, it is much more important to know how much fiat currency they have

Do they have any USD left? Didn't it all go with the seizure?

[lebing]

what is this big news i missed?

[SheHadMANHands]

Time for another mini correction.

[manfred]

what is this big news i missed?

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

[Walsoraj]

A gov shutdown isn't really significant. But, failure to raise the debt ceiling by Oct 17 is...

[ElectricMucus]

At this point I think that mtgox doesn't know what's going on either. That means they have no idea what's wrong with their banks, they just can't access their funds.
It seems to me that the FEDs have frozen or at least partially suspended their accounts. This would also be in tune with the Roger Ver Video. (Irony is that's the last we've heard something from them.)

[rpg]

A gov shutdown isn't really significant. But, failure to raise the debt ceiling by Oct 17 is...

100%

[QuestionAuthority]

At this point I think that mtgox doesn't know what's going on either. That means they have no idea what's wrong with their banks, they just can't access their funds.
It seems to me that the FEDs have frozen or at least partially suspended their accounts. This would also be in tune with the Roger Ver Video. (Irony is that's the last we've heard something from them.)

Yeah, why is that? I haven't seen Charlie from Bitinstant, Roger Ver or anyone from BitPay post here in a long time. Are they under a gag order or what?

[ElectricMucus]

At this point I think that mtgox doesn't know what's going on either. That means they have no idea what's wrong with their banks, they just can't access their funds.
It seems to me that the FEDs have frozen or at least partially suspended their accounts. This would also be in tune with the Roger Ver Video. (Irony is that's the last we've heard something from them.)

Yeah, why is that? I haven't seen Charlie from Bitinstant, Roger Ver or anyone from BitPay post here in a long time. Are they under a gag order or what?

Perhaps they think anything they can tell us would make the situation worse, and perhaps they're right.

[QuestionAuthority]

At this point I think that mtgox doesn't know what's going on either. That means they have no idea what's wrong with their banks, they just can't access their funds.
It seems to me that the FEDs have frozen or at least partially suspended their accounts. This would also be in tune with the Roger Ver Video. (Irony is that's the last we've heard something from them.)

Yeah, why is that? I haven't seen Charlie from Bitinstant, Roger Ver or anyone from BitPay post here in a long time. Are they under a gag order or what?

Perhaps they think anything they can tell us would make the situation worse, and perhaps they're right.

They're not even visiting the forum. I had a friend that I turned on to Bitcoin and was going to help them set up their business to accept it. I sent everyone I could think of at BitPay a PM trying to get them help because the company email wasn't being answered. No response so my friend gave up.

[BitcoinAshley]

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.

[wachtwoord]

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.

When playing the game 'chicken' (with cars) someone always steers away.

Until they don't.

[markjamrobin]

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.

Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.

[virp13]

Hard times  really no one knows what next?

[theonewhowaskazu]

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.

Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.

We care because it doesn't pay down the national debt. It actually raises it in 3 ways:
1) We actually DON'T collect money the government is due that day. I.e, we miss out on some income.
2) We delay spending that can cost more in the future, think like 'late fees'.
3) We erode confidence in the government resulting in having to potentially pay higher interest rates in the future.

In general, doing nothing is pretty much the worst way of getting out of debt ever.

[SheHadMANHands]

hmm...



 

[David M]

All Time Weekly Closing High.

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25

While the likelihood of a double top is still there, my monies on a up break out.