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

[only]

Yeah, so why is House in my window?

House of cards.. Dumm Dumm Dumm

[1715090433]

1715090433

[1715090433]

1715090433

[mccorvic]

Yeah, so why is House in my window?

House of cards.. Dumm Dumm Dumm

If that was what they were going for I think they would have shown a still from, oh I dunno....HOUSE OF CARDS

[justusranvier]

[17:13:13] <SarahCoinBit> The deposit issue is fixed now so everyone should have their coins.  Please let me know if your deposit still hasn';t gone through

[derpinheimer]

[17:13:13] <SarahCoinBit> The deposit issue is fixed now so everyone should have their coins.  Please let me know if your deposit still hasn';t gone through

You can see it happening, ask sum up [DRAMA]13% in the last 30 mins[/DRAMA] which also happens to be.. 1500 coins.

But also quite a lot of tiny market sells, which there were none of before. Lots of people happy to cash out at these prices.

[adamstgBit]

[17:13:13] <SarahCoinBit> The deposit issue is fixed now so everyone should have their coins.  Please let me know if your deposit still hasn';t gone through

Quickly buy all the bitcoin on gox b4 they disappear!

[justusranvier]

I keep my IRC client permanently idling in #mtgox now, to keep an eye on the drama there.

Actually though, they are holding up better than in the spring.

[Nemesis]

[17:13:13] <SarahCoinBit> The deposit issue is fixed now so everyone should have their coins.  Please let me know if your deposit still hasn';t gone through

You can see it happening, ask sum up [DRAMA]13% in the last 30 mins[/DRAMA] which also happens to be.. 1500 coins.

But also quite a lot of tiny market sells, which there were none of before. Lots of people happy to cash out at these prices.

are you sure about that?

Cashing out on Gox? nah..... its a zero sum game, they just hope to sell high and buy low.

Musical chairs basically, some sellers will be holding a bag of mtgox USD!

[Nemesis]

I keep my IRC client permanently idling in #mtgox now, to keep an eye on the drama there.

Actually though, they are holding up better than in the spring.

any word on withdrawing btc?

they dont give a fck about withdrawing... just depositing uh?

And suckers still send their btc there to gamble....

[justusranvier]

any word on withdrawing btc?

[17:17:07] <SarahCoinBit> Thank you everyone for being patient and sorry for any inconvienience
[17:20:03] <joesmoe> 48 hours i've been waiting now
[17:20:37] <SarahCoinBit> joesmoe: For a btc withdrawal?
[17:20:38] <yerp> go away joe u crybaby
[17:21:05] <joesmoe> SarahCoinBit yes
[17:21:55] <joesmoe> 2013/11/07
[17:21:55] <joesmoe> 01:41:54
[17:21:56] <joesmoe> withdraw      120.00000000 BTC   0.75259713 BTC
[17:21:57] <joesmoe> Bitcoin withdraw to 1J5bpFfpHavNyyJtVu4AqRqjZSQjA5dxKD
[17:22:00] <SarahCoinBit> joesmoe: We are trying to resolve it as fast as possible, sorry for the delay
[17:22:15] <joesmoe> also have other transfers missing as well, but thats the oldest and
[17:22:18] <joesmoe> biggest thats missing
[17:22:44] <SarahCoinBit> joesmoe: Sorry, they are going through but it's taking time to fix each one
[17:23:14] PaulB0 [~PaulB0@gateway.genevasi.com] has quit IRC: Read error: Connection reset by peer
[17:23:39] Anduck [~Anduck@unaffiliated/anduck] has quit IRC: Ping timeout: 264 seconds
[17:23:57] <joesmoe> maybe they could fix them in priority of size?
[17:24:08] <Xialla> no
[17:24:12] <joesmoe> would be most logical in my opinion to take care of the more profitable traders before the less profitable ones
[17:24:18] <Xialla> no
[17:24:47] <joesmoe> obviously a dev's time is limited, and fixing things for larger transactions thus is more profitable in the long run fox gox
[17:24:59] <joesmoe> Should have to wait days for a 120 BTC transactions
[17:25:14] <joesmoe> should not*
[17:25:19] <joesmoe> Xialla: How long u been waiting?
[17:25:43] <SarahCoinBit> joesmoe: We are not showing any favoutism.  It is in our best interest to get them all fixed as soon as possible.  Cherrypicking which ones to fix would take much longer
[17:26:09] <joesmoe> funny because i notice most of the others who were waiting for multiple hundred BTC withdraws are no longer waiting, yet here I am...
[17:26:14] <SarahCoinBit> joesmoe: I'm very sorry you have had to wait

[mccorvic]

Looks like that was just another nice little pressure valve release.

How helpful

[justusranvier]

Mt Gox needs to fix the BTC withdrawal issues so that people can pull coins out and sell on Coinbase. My local trading is less profitable when Coinbase prices are high.

[jojo69]

Is there any real indication that Gox is practicing fractional reserve?

[Sitarow]

Looks like that was just another nice little pressure valve release.

How helpful

Indeed! No surprise.

[crazy_rabbit]

Looks like that was just another nice little pressure valve release.

How helpful

They fixed the deposit problem, and a bunch of coins popped up on the exchange which then got sold out of fear and then bought all back up. Are we reaching some sort of point where flash crashes become harder and harder as more and more investors have picked a price they want to buy in and are happy with it?

[crazy_rabbit]

Is there any real indication that Gox is practicing fractional reserve?

no.

[stash]

any word on withdrawing btc?

[17:17:07] <SarahCoinBit> Thank you everyone for being patient and sorry for any inconvienience
[17:20:03] <joesmoe> 48 hours i've been waiting now
[17:20:37] <SarahCoinBit> joesmoe: For a btc withdrawal?
[17:20:38] <yerp> go away joe u crybaby
[17:21:05] <joesmoe> SarahCoinBit yes
[17:21:55] <joesmoe> 2013/11/07
[17:21:55] <joesmoe> 01:41:54
[17:21:56] <joesmoe> withdraw      120.00000000 BTC   0.75259713 BTC
[17:21:57] <joesmoe> Bitcoin withdraw to 1J5bpFfpHavNyyJtVu4AqRqjZSQjA5dxKD
[17:22:00] <SarahCoinBit> joesmoe: We are trying to resolve it as fast as possible, sorry for the delay
[17:22:15] <joesmoe> also have other transfers missing as well, but thats the oldest and
[17:22:18] <joesmoe> biggest thats missing
[17:22:44] <SarahCoinBit> joesmoe: Sorry, they are going through but it's taking time to fix each one
[17:23:14] PaulB0 [~PaulB0@gateway.genevasi.com] has quit IRC: Read error: Connection reset by peer
[17:23:39] Anduck [~Anduck@unaffiliated/anduck] has quit IRC: Ping timeout: 264 seconds
[17:23:57] <joesmoe> maybe they could fix them in priority of size?
[17:24:08] <Xialla> no
[17:24:12] <joesmoe> would be most logical in my opinion to take care of the more profitable traders before the less profitable ones
[17:24:18] <Xialla> no
[17:24:47] <joesmoe> obviously a dev's time is limited, and fixing things for larger transactions thus is more profitable in the long run fox gox
[17:24:59] <joesmoe> Should have to wait days for a 120 BTC transactions
[17:25:14] <joesmoe> should not*
[17:25:19] <joesmoe> Xialla: How long u been waiting?
[17:25:43] <SarahCoinBit> joesmoe: We are not showing any favoutism.  It is in our best interest to get them all fixed as soon as possible.  Cherrypicking which ones to fix would take much longer
[17:26:09] <joesmoe> funny because i notice most of the others who were waiting for multiple hundred BTC withdraws are no longer waiting, yet here I am...
[17:26:14] <SarahCoinBit> joesmoe: I'm very sorry you have had to wait

Woah..I thought only fiat having the problem. Not in this case BTC withdrawal. I leaving gox after 3 months my fiat withdrawal still not process by them. Why people still playing there?!

[Nemesis]

Is there any real indication that Gox is practicing fractional reserve?

What more "real" do you want?

Ppl cant withdraw their btc for days. They're supposed to just keep btc for customers right?

There is no excuse they cant process withdrawing within 24 hrs.

[wopwop]

Is there any real indication that Gox is practicing fractional reserve?

even if you will never know

banking 101

[Rampion]

The amount of coins on sale on the exchange is shrinking fast. Only 6k on sale on BTCChina, 7k on Bitstamp, 11k on Gox.

This is the "all time low" in terms of BTC on sale. Just think about how Avalon holds 65k coins in one address.

In my opinion is not a very good sign, it would be better for the trend to be fueled by new money in instead of scarcity of supply - just because the scarcity can be easily reversed by only one big holder.

I guess this is the nature of "penny stock market", and BTC behaves completely as a penny stock market.

Tighten your seat belts.

[Nemesis]

any word on withdrawing btc?

[17:17:07] <SarahCoinBit> Thank you everyone for being patient and sorry for any inconvienience
[17:20:03] <joesmoe> 48 hours i've been waiting now
[17:20:37] <SarahCoinBit> joesmoe: For a btc withdrawal?
[17:20:38] <yerp> go away joe u crybaby
[17:21:05] <joesmoe> SarahCoinBit yes
[17:21:55] <joesmoe> 2013/11/07
[17:21:55] <joesmoe> 01:41:54
[17:21:56] <joesmoe> withdraw      120.00000000 BTC   0.75259713 BTC
[17:21:57] <joesmoe> Bitcoin withdraw to 1J5bpFfpHavNyyJtVu4AqRqjZSQjA5dxKD
[17:22:00] <SarahCoinBit> joesmoe: We are trying to resolve it as fast as possible, sorry for the delay
[17:22:15] <joesmoe> also have other transfers missing as well, but thats the oldest and
[17:22:18] <joesmoe> biggest thats missing
[17:22:44] <SarahCoinBit> joesmoe: Sorry, they are going through but it's taking time to fix each one
[17:23:14] PaulB0 [~PaulB0@gateway.genevasi.com] has quit IRC: Read error: Connection reset by peer
[17:23:39] Anduck [~Anduck@unaffiliated/anduck] has quit IRC: Ping timeout: 264 seconds
[17:23:57] <joesmoe> maybe they could fix them in priority of size?
[17:24:08] <Xialla> no
[17:24:12] <joesmoe> would be most logical in my opinion to take care of the more profitable traders before the less profitable ones
[17:24:18] <Xialla> no
[17:24:47] <joesmoe> obviously a dev's time is limited, and fixing things for larger transactions thus is more profitable in the long run fox gox
[17:24:59] <joesmoe> Should have to wait days for a 120 BTC transactions
[17:25:14] <joesmoe> should not*
[17:25:19] <joesmoe> Xialla: How long u been waiting?
[17:25:43] <SarahCoinBit> joesmoe: We are not showing any favoutism.  It is in our best interest to get them all fixed as soon as possible.  Cherrypicking which ones to fix would take much longer
[17:26:09] <joesmoe> funny because i notice most of the others who were waiting for multiple hundred BTC withdraws are no longer waiting, yet here I am...
[17:26:14] <SarahCoinBit> joesmoe: I'm very sorry you have had to wait

The bold part is completely BS.

Can they explain why others with recent withdrawals only wait 24-36 hrs while some others have waited for 5 days! ?

I also notice smaller amounts are somehow "fixed".... sooner.

Fixing problems should be in order of the age of support ticket, not just small amounts that they can "fix" now. This is real regarding "fractional reserve"