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

[Tzupy]

yes, he's deeply asleep because the two japanese whores exhausted him! 

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[barbs]

where's the goxxed internet meme

[Zangelbert Bingledack]

yes, he's deeply asleep because the two japanese whores exhausted him! 

I've always said Tokyo is the best city to be rich in.

[kehtolo]

So is gox back up running again??

[ElectricMucus]

yes, he's deeply asleep because the two japanese whores exhausted him! 

I've always said Tokyo is the best city to be rich in.

Oh no, Bitcoin Weaboos now that is a disgusting thought.

[mccorvic]

I'm having gox induced deju vu of having gox induced deja vu.

[BRADLEYPLOOF]

I'm having gox induced deju vu of having gox induced deja vu.

Damn you recursion!!!

[Its About Sharing]

Those graphs are obsolete since they don't include all relevant exchanges and also don't group multiple currency pairs on a single exchange together. This is a more accurate view:

http://data.bitcoinity.org/#caaaabegaa

Thanks, and...ouch, gox is hemorrhaging market share:

that or the market just became bigger, with that bigger volume being spread out over the different exchanges.

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

[jojo69]

Those graphs are obsolete since they don't include all relevant exchanges and also don't group multiple currency pairs on a single exchange together. This is a more accurate view:

http://data.bitcoinity.org/#caaaabegaa

Thanks, and...ouch, gox is hemorrhaging market share:

that or the market just became bigger, with that bigger volume being spread out over the different exchanges.

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

no fees

[MAbtc]

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

Whatever your opinion, you can't take the volume numbers as "real" as long 0% fees incentivize volume manipulation. How much manipulation is happening is anyone's guess. But I think to assume that what we are seeing for volume = what we would see with > 0% trading fees is misguided.

[hyphymikey]

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

Whatever your opinion, you can't take the volume numbers as "real" as long 0% fees incentivize volume manipulation. How much manipulation is happening is anyone's guess. But I think to assume that what we are seeing for volume = what we would see with > 0% trading fees is misguided.

If this China volume is fake due to 0% fees, why would it stop now? I see even more manipulators lining up to increase profits if its this easy to do so.

[Tzupy]

The delay showed right now by trading.i286 is 51 minutes, but I believe it's larger.
That's because I placed a tiny buy order, to test the delay, and after 53 minutes it still didn't show up.
This sucks. I am getting pissed off. Time to rest and wait for return to normal.  

[MAbtc]

How long has this been going on? I didn't realize Gox was even down, I've just had tickers open, thought we were just consolidating here for a bit. 

[Its About Sharing]

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

Whatever your opinion, you can't take the volume numbers as "real" as long 0% fees incentivize volume manipulation. How much manipulation is happening is anyone's guess. But I think to assume that what we are seeing for volume = what we would see with > 0% trading fees is misguided.

And what about the price movement (up)?
I can see how volume isn't the end all. But China is often right up there with Gox price wise.

And I don't understand the "whatever your opinion" statement. I'm just asking about "fake" volume. Perhaps I missed an earlier remark.

[Its About Sharing]

The delay showed right now by trading.i286 is 51 minutes, but I believe it's larger.
That's because I placed a tiny buy order, to test the delay, and after 53 minutes it still didn't show up.
This sucks. I am getting pissed off. Time to rest and wait for return to normal.  

Gox is amazing. I guess it is a hidden blessing as really, they are the basis for other exchanges popping up.

But, I wonder what is really happening with Gox. Let me count the ways:
- Still problematic to get money out (and in)
- I see complaints about getting coins out
- New DDOS protection and yet it still causes them problems
- New Trade engine and yet they still suffer lag
- They use Akamai. That should really silence DDOS attack (according to them)
- ETC.

What exactly is going on at Gox? Is it just problems with their banks and real hard core DDOS attacks?
Are they a fractional reserve exchange also? I mean why problems getting coins out.

Things just don't add up with Gox. I get the feeling we are watching a new version of the Wizard of OZ (in particular, the Wizard.)

[MAbtc]

I really, really doubt that.
 
And you have to remember China volume is at least half fake.

Huh? Did you just create that statement or do you have something to back it up with?

Whatever your opinion, you can't take the volume numbers as "real" as long 0% fees incentivize volume manipulation. How much manipulation is happening is anyone's guess. But I think to assume that what we are seeing for volume = what we would see with > 0% trading fees is misguided.

And what about the price movement (up)?
I can see how volume isn't the end all. But China is often right up there with Gox price wise.

And I don't understand the "whatever your opinion" statement. I'm just asking about "fake" volume. Perhaps I missed an earlier remark.

"Whatever your opinion" refers to whether you agree or disagree that the volume is "fake", or to what extent that it is "fake". Sure, volume isn't the end-all. But you can't look at price movement and assess trends without analyzing it, either.

[mccorvic]

How long has this been going on? I didn't realize Gox was even down, I've just had tickers open, thought we were just consolidating here for a bit. 

4 hours at least.  

It seems that bitstampers are waiting to see if Gox will crash and give them a chance for cheap coins.  The longer Gox stays down the more likely stampers will stop waiting and just trade like normal.  The best thing Gox could do is stay dead for a week or so.

[seleme]

Idk guys..  for me, the longer this "DDOS" gets, the more likely it is not a DDOS at all.

A DDOS is not something you can keep going forever you know.. It gets harder every passing minute, as the networks involved react and adapt.

Gox will GoxXx.

Exactly, and it's very expensive unless you own resources for it.

This is not DDoS, site is working fine, only trades are goxed.

[BRADLEYPLOOF]

The delay showed right now by trading.i286 is 51 minutes, but I believe it's larger.
That's because I placed a tiny buy order, to test the delay, and after 53 minutes it still didn't show up.
This sucks. I am getting pissed off. Time to rest and wait for return to normal.  

Things just don't add up with Gox. I get the feeling we are watching a new version of the Wizard of OZ (in particular, the Wizard.)

We're off to see the Wizards (of the coast), the wonderful Wizards of Gox...

[CoinDox]

Concidering this whole GOX situation, BTC price seems to be holding up, so this is actually... good news?