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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26391620 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
timfah
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May 03, 2013, 05:50:28 PM
 #3721

Ah found the reason for the 0.01 orders on mtgox:

http://www.reddit.com/r/Bitcoin/comments/1dmmqy/how_to_break_the_mtgox_trading_engine_with_normal/

Produce lag on your own Cheesy

Yours,
timfah
tHash
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May 03, 2013, 05:52:08 PM
 #3722

News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info.


what will happen to users that don't upgrade  Huh
Quote
you are likely to be left behind and will be out of sync with the rest of the Bitcoin network.

what the F?

Basically this is just early warning that the same fork that happened in March will happen again if you don't update.   Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around.   It is just a block size limit increase.  This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB.
adamstgBit
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May 03, 2013, 05:53:10 PM
 #3723

News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info.


what will happen to users that don't upgrade  Huh
Quote
you are likely to be left behind and will be out of sync with the rest of the Bitcoin network.

what the F?

Basically this is just early warning that the same fork that happened in March will happen again if you don't update.   Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around.   It is just a block size limit increase.  This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB.

does that mean they won't be able to spend their coins?

more lost coins?
phoenix1
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May 03, 2013, 05:54:38 PM
 #3724

Ah found the reason for the 0.01 orders on mtgox:

http://www.reddit.com/r/Bitcoin/comments/1dmmqy/how_to_break_the_mtgox_trading_engine_with_normal/

Produce lag on your own Cheesy

Yours,
timfah
Interesting ... definitely looks like people are doing this. Twats ...
Jaroslaw
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May 03, 2013, 05:56:49 PM
 #3725

Ah found the reason for the 0.01 orders on mtgox:

http://www.reddit.com/r/Bitcoin/comments/1dmmqy/how_to_break_the_mtgox_trading_engine_with_normal/

Produce lag on your own Cheesy

Yours,
timfah

When you see a lag in couple of minutes on mtgox its just me.
underground_
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May 03, 2013, 05:57:40 PM
 #3726

News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info.


what will happen to users that don't upgrade  Huh
Quote
you are likely to be left behind and will be out of sync with the rest of the Bitcoin network.

what the F?

Basically this is just early warning that the same fork that happened in March will happen again if you don't update.   Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around.   It is just a block size limit increase.  This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB.

does that mean they won't be able to spend their coins?

more lost coins?

They'll still have their wallet.dat. Even if they send their coins to an address not recognized by the new fork, the network won't confirm it when they do upgrade.
Richy_T
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May 03, 2013, 05:59:53 PM
 #3727

tHash
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May 03, 2013, 06:01:09 PM
 #3728



does that mean they won't be able to spend their coins?

more lost coins?

They will not lose their coins, or be unable to ever spend them.   They will have to apply the work around or upgrade, then do a -rescan before they will be able to spend them.   My guess is that anyone who is savvy enough to be running a local wallet will be able to get this sorted out.   If not, we get some additional deflation  Tongue

edit-They may actually have to re-download the blockchain, I am not sure.
AmazonStuff
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May 03, 2013, 06:01:23 PM
 #3729

Flag pattern?
giszmo
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May 03, 2013, 06:06:45 PM
 #3730



please rotate 180 around the z axis and make an animated gif. With enough frames you should really see better the 3D structure when it's animated.

Edit: Alternatively add the latest line with a distinct color (white?) so the eye can follow what's happening.
phoenix1
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May 03, 2013, 06:07:12 PM
 #3731

Flag pattern?
Whats that then ?
Does it mean up or down to you ?
adamstgBit
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May 03, 2013, 06:09:25 PM
 #3732

Flag pattern?
Whats that then ?
Does it mean up or down to you ?

up
underground_
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May 03, 2013, 06:11:15 PM
 #3733


But only for a few hours. Then down. Way down.
adamstgBit
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May 03, 2013, 06:13:02 PM
 #3734

phoenix1
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May 03, 2013, 06:15:24 PM
 #3735


Hope so  !
Thanks for pic  Wink
DougTanner
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May 03, 2013, 06:18:18 PM
 #3736

Here's my shitty analysis. ~$70 in ~10 hours?

But then again the volume massively drops on the weekend, so my guess is that it will hover around where it currently is all weekend (too much support to punch through to $70 for now), then resume the plunge on Monday.

ManBearPig
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May 03, 2013, 06:19:25 PM
 #3737



Though we broke up through the channel on the 12 hour, on the 3 day there's still some work to do except now it would have to break through the top of the channel only to meet resistance at $100.

I still don't call $79 the bottom before Tuesday.
adamstgBit
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May 03, 2013, 06:22:40 PM
 #3738

if you have fiat left, I strongly recommend you arrange to have none left b4 tuesday.
AmazonStuff
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May 03, 2013, 06:22:59 PM
 #3739


IF and only IF this is a "flag pattern", it should be similar to the previous one, so let's say target is $103 and absolute peak $105? Any serious analyst here to comment?
phoenix1
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May 03, 2013, 06:26:34 PM
 #3740


IF and only IF this is a "flag pattern", it should be similar to the previous one, so let's say target is $103 and absolute peak $105? Any serious analyst here to comment?

Yeah, I agree, the upside is limited for now. Your range sounds about right to me
Didn't recognise the 'flag' but that's what I see ...
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