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

[gizmoh]

Administrator of Silk Road website and drug vendor plead guilty to drug conspiracy

Good that law enforcement does their job efficiently.

(Utterly lamentable that substances are outlawed, creating an oppressed situation for mankind, leading to victimless crimes and criminals, more law enforcement and more oppression)

Them... FBI can already sell?

Thats one of the sellers not the admin of silk road.  Ulbricht case will take longer i guess, as he is accused of attempted murder, he just won't plead guilty and go to the guillotine.

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[strawbs]

It's unfortunate that new adopters typing "bitcoin exchange" into Google will still see Gox at the top of the search results.  That's exactly what I did back in April/May (although I was partly influenced in sending them my cash on the basis that they were the biggest guys around at the time and claiming to have had 80% of the market a few months earlier, a claim which they obviously can't now make).

n.b. I'm now on Bitstamp

It's a pity we can't warn new folk to avoid Mt.Gox.  How can they best be warned that they'll get their USD stuck there (EDIT: and now maybe their BTC too) so that "I can't get my money back" doesn't become a story which the mainstream media pick up on, thereby hurting Bitcoin's credibility in the eyes of the public/future investors?

[BitcoinBA]

How long would take a btc transaction now? 4 hours?

[el_rlee]

It's unfortunate that new adopters typing "bitcoin exchange" into Google will still see Gox at the top of the search results.  That's exactly what I did back in April/May (although I was partly influenced in sending them my cash on the basis that they were the biggest guys around at the time and claiming to have had 80% of the market a few months earlier, a claim which they obviously can't now make).

n.b. I'm now on Bitstamp

It's a pity we can't warn new folk to avoid Mt.Gox.  How can they best be warned that they'll get their USD stuck there, so that "I can't get my money back" doesn't become a story which the mainstream media pick up on, thereby hurting Bitcoin's credibility in the eyes of the public/future investors?

It's this Karpeles character

[bitcodo]

Administrator of Silk Road website and drug vendor plead guilty to drug conspiracy

Good that law enforcement does their job efficiently.

(Utterly lamentable that substances are outlawed, creating an oppressed situation for mankind, leading to victimless crimes and criminals, more law enforcement and more oppression)

Them... FBI can already sell?

Thats one of the sellers not the admin of silk road.  Ulbricht case will take longer i guess, as he is accused of attempted murder, he just won't plead guilty and go to the guillotine.

First smaller fishes and then with their help the pirate. I think this will be a blitzkrieg.
Also they are after Black Market Reloaded sellers  http://m.ice.gov/news/releases/1311/131107newark.htm?f=m

[adamas]

A rough estimate:

[Buster]

It's a pity we can't warn new folk to avoid Mt.Gox.  How can they best be warned that they'll get their USD stuck there, so that "I can't get my money back" doesn't become a story which the mainstream media pick up on, thereby hurting Bitcoin's credibility in the eyes of the public/future investors?

Surely it is 100% possible that at any moment, one or more of the big exchanges like Bitstamp, will have their bank accounts frozen for any reason, causing the same effect as Gox.
Nobody knows what goes on behind-the-scenes, never assume anything!

[ag@th0s]

can anyone recommend a good btc price alarm which I could use to report btcchina price changes?

Cheers

Bitcoinium for Android allows you to set alarms at different price points on BTC China
https://play.google.com/store/apps/details?id=com.veken0m.cavirtex&hl=en_GB

[marcelus]

A rough estimate:

This is pretty much spot on.

[gambitv]

It's unfortunate that new adopters typing "bitcoin exchange" into Google will still see Gox at the top of the search results.  That's exactly what I did back in April/May (although I was partly influenced in sending them my cash on the basis that they were the biggest guys around at the time and claiming to have had 80% of the market a few months earlier, a claim which they obviously can't now make).

n.b. I'm now on Bitstamp

It's a pity we can't warn new folk to avoid Mt.Gox.  How can they best be warned that they'll get their USD stuck there, so that "I can't get my money back" doesn't become a story which the mainstream media pick up on, thereby hurting Bitcoin's credibility in the eyes of the public/future investors?

Its fairly common in open source to expect a degree of intelligence and hope anyone below it will learn from their mistakes, I'd swear some projects even leave in clunky stuff to encourage folks to learn some coding to fix them. As Bitcoin gets more popular it will go further and further down the idiot scale and owners of virus infected plague pits will loose a lot of coins so for now the rough edges on the ease of use and gox will just singe these liabilities before they get honey glazed and spit roasted from having to be responsible for their own security.

Shesh, Harsh words stan.distortion. So you are sounding that even a pc is only to be used by the techno-elite. I think the protocol/environment around bitcoin needs to mature to the point where it is easy to use as an iPad.

strawbs, I recommend people start on Bitstamp, and if they feel like being "Mr Monopoly Day-Trader", they can switch to gox with a small portion they don't need 'right away' ( as in, eeek, gotta pay my rent...where is all my fiat ). I think despite some problems, it performs better under stress than bitstamp.

[gandhibt]

can anyone recommend a good btc price alarm which I could use to report btcchina price changes?

Cheers

http://bitcointicker.co/# is okay

[gat0r]

guess everybodys waiting whether china breaks the psychological 2000 yuan barrier..

[Phinnaeus Gage]

Blasting, billowing, bursting forth
With the power of ten billion butterfly sneezes
Man with his flaming pyre
Has conquered the wayward breezes
Climbing to tranquility
Far above the cloud
Conceiving the heavens
Clear of misty shroud

Higher and higher
Now we've learned to play with fire
Go higher and higher and higher

Vast vision must improve our sight
Perhaps at last we'll see an end
To our own endless blight
And the beginning of the free
Climb to tranquility
Finding it's real worth
Conceiving the heavens
Flourishing on earth

Higher and higher
Now we've learned to play with fire
Go higher and higher and higher

[ChartBuddy]

[molecular]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

side-note: wow BID/ASK ratio on gox is hilarious.

[xxnewbiecoinerxx]

A rough estimate:

This is pretty much spot on.

PLEASE GOD!!!! (an atheist waiting bitstamp verification here)

[gambitv]

I get the impression China is going to wait till after the weekend to reach 2000. It looks like end of week profit being realised. Which could trigger something interesting...

PS Agreed stan.distortion, it is still a technical hurdle to have a secure wallet. But good that this is being tackled.

Update: Just checking the 24 hr high low of Gox. high: 338.35  low: 281.00

and another update:

mtgox	high:	338.35	low:	281.00
btc-china	high:	1994.80	low:	1712.90
bitstamp:	high:	319.23	low:	277.78

[adamas]

PLEASE GOD!!!! (an atheist waiting bitstamp verification here)

  LOL

[DougTanner]

Canada finally hit $300!

[molecular]

America should be waking up, let's see what they think.