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

[hd060053]

I have buy orders at ~ 300, if some1 panic sells when gox comes back.

[1714654009]

1714654009

[bito]

ANyone know if withdrawls are still working on gox

I initiated a small test bitcoin withdrawal 20 minutes ago and it submitted but the page is stuck on "withdrawing". I don't think the website can talk to the database.

[proudhon]

I sold a few at 372.. I liked that price this weekend. Then gox crashed haha..

Shoot me but on the way to the moon there's turbulence, i'm going to try my luck.

Storing BTC value with 3rd parties is risky.  Storing BTC value with MtGox is insane.

I seem to be getting my prescience back...

Sorry PH, I don't think it requires any special powers to realize these two things.

...and yet lots of people still store lots of bitcoins and other money on MtGox.  It's really incredible.  I just don't understand it.

It also doesn't take any special power to realize there are a lot of idiots out there. I agree, it's incredible. I always say that people need to get burned before they learn their lesson, but some people get burned and just keep on doing the same old shit.

I was burned once.  Bitcoinica got away with 150 of my bitcoins (I understand MtGox is basically holding them hostage), and I consider myself lucky it wasn't much worse than that.  I've managed my own bitcoins in my own offline wallets ever since.  I understand that bitcoin already attracts people with high risk tolerance, but adding the risk association with MtGox historically adds...again, I just don't understand how people are tolerating that level of risk with the amounts that are sitting on Gox.

[electronistul]

Wondering how low will the exchange rate go on bistamp with the current event.

[seleme]

Be ready for $20 coins when lag cleans up  

That's where it would be in April in same circumstances, lol

[w00dy]

Be ready for $20 coins when lag cleans up  

That's where it would be in April in same circumstances, lol

bullshit.

and yes

[mccorvic]

Wondering how low will the exchange rate go on bistamp with the current event.

It seems like there are enough people on bitstamp who aren't Gox-tards that the price won't go tooooo low.  What's the point of using bitstamp if you're just going to panic dump when Gox has a problem?

[Taxidermista]

As a UK guy I'm keeping my holdings as a majority on bitstamp cause I trust the UK way more than Japan to get my money back to some degree should this ever happen

And what's the relation between UK and Bitstamp?  

Bitstamp is based in Reading, UK

On one hand if Bitstamp ripped me off I could pay them a visit, but on the other hand the Inland Revenue can get hold of information about any trades that I do there.  I like the way that the UK and US governments can't touch BTC-e though because it's in Russia

So they moved from Slovenia to UK.

[seleme]

Wondering how low will the exchange rate go on bistamp with the current event.

It seems like there are enough people on bitstamp who aren't Gox-tards that the price won't go tooooo low.  What's the point of using bitstamp if you're just going to panic dump when Gox has a problem?

Gox still leads the price whatever we think about it.

[NUFCrichard]

Gox must have so much money now.  They shouldn't go broke but that doesn't mean they'll stop being rubbish!

[ardana123]

Only because of the fact the crash happened last time because of a ddos won't make it so this time. (so stop hoping :p)

[oda.krell]

As a UK guy I'm keeping my holdings as a majority on bitstamp cause I trust the UK way more than Japan to get my money back to some degree should this ever happen

And what's the relation between UK and Bitstamp?  

Bitstamp is based in Reading, UK

On one hand if Bitstamp ripped me off I could pay them a visit, but on the other hand the Inland Revenue can get hold of information about any trades that I do there.  I like the way that the UK and US governments can't touch BTC-e though because it's in Russia

So they moved from Slovenia to UK.

No, of course they didn't.

Bitstamp is registered as a limited company in Reading, UK. I'd be surprised if there's anything more than a PO box with their name on it in that place.

[BitchicksHusband]

I'd rather be safe than sorry.  Selling all for now. 

Shouldn't you change your name to FiatSeeker then?

[Coinseeker]

I'd rather be safe than sorry.  Selling all for now.  

Shouldn't you change your name to FiatSeeker then?

It could just as easily I suppose.  I do seek coins to increase my USD, that is true.  Of course, technically, Bitcoin is just as much fiat as a federal reserve note so by that definition, the name Coinseeker is still consistent.

[donut]

China is at 367, there'll be no correction or panic when gox unfreezes.

[Taxidermista]

As a UK guy I'm keeping my holdings as a majority on bitstamp cause I trust the UK way more than Japan to get my money back to some degree should this ever happen

And what's the relation between UK and Bitstamp?  

Bitstamp is based in Reading, UK

On one hand if Bitstamp ripped me off I could pay them a visit, but on the other hand the Inland Revenue can get hold of information about any trades that I do there.  I like the way that the UK and US governments can't touch BTC-e though because it's in Russia

So they moved from Slovenia to UK.

No, of course they didn't.

Bitstamp is registered as a limited company in Reading, UK. I'd be surprised if there's anything more than a PO box with their name on it in that place.

So is this all bullshit?  https://bitcointalk.org/index.php?topic=38711.0

Well if you look at our site you probably see it is not like some over-the-night designed system running behind worldpress template. You can also clearly see our company info www.bitstamp.net/about_us/ , company is registered in Slovenia and we are all Slovenian citizens so we are obligated to follow strict laws and not hiding behind some Panama or Cyprus offshore companies. We also work with one of the leading banks in the world Unicredit bank.

We are currently working on some cool new features. I will post all new things here so you can be first to test it. We are always open for new ideas.

Your sincerely,
Nejc Kodric
www.BitStamp.net
Questions? -No problem! Mail me nejc.kodric@bitstamp.net

[BitcoinAshley]

In April, Gox had most of the volume. So it was reasonable that a partially-lag-induced panic sell would lead prices on other exchanges down as well.

Now, Gox still has a significant share of volume, but far less than the 80% (lol) they used to brag about. So there is less likelihood of this 80+ minute lag affecting the other exchanges as much as it did in April.

[barbs]

As a UK guy I'm keeping my holdings as a majority on bitstamp cause I trust the UK way more than Japan to get my money back to some degree should this ever happen

And what's the relation between UK and Bitstamp?  

Bitstamp is based in Reading, UK

On one hand if Bitstamp ripped me off I could pay them a visit, but on the other hand the Inland Revenue can get hold of information about any trades that I do there.  I like the way that the UK and US governments can't touch BTC-e though because it's in Russia

So they moved from Slovenia to UK.

Their bank is in Slovenia (probably favourable banking laws vs uk and usa) but they're a UK company.

Europe

[lebing]

DDDOS

The attackers must have sold, seen the trend is holding and are now implementing a Desperation Distribution Denial of Service Attack

[barbs]

Only because of the fact the crash happened last time because of a ddos won't make it so this time. (so stop hoping :p)

Hi Frozenlock