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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26370753 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.)
kurious
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November 23, 2013, 04:12:29 PM
 #48621

Mt Gox website says:

"Reliable

We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. "

We nearly had both Stamp and Gox down simultaneously - hmmm....


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Vigil
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November 23, 2013, 04:13:20 PM
 #48622

Mt Gox website says:

"Reliable

We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. "

We nearly had both Stamp and Gox down simultaneously - hmmm....



Are they not still down?
Richy_T
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November 23, 2013, 04:14:30 PM
 #48623

Look, I get that argument. But, it's worth expanding passed the ostensible case. The ledger of Bitcoin *does* have inherent value. Maybe it doesn't seem to, because no one is using it that way. But, as a securities ledger or track of ownership, those *books*, if you will, have inherent value, as data record of ownership-- or, once they start getting used, they will.

True. But I think that is weakly liked to the price. Which is why I used the word "trivially". Bitcoin's price is almost pure demand. It's almost Platonic in its nature.
kurious
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November 23, 2013, 04:15:48 PM
 #48624

Mt Gox website says:

"Reliable

We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. "

We nearly had both Stamp and Gox down simultaneously - hmmm....



Are they not still down?

I am getting '502 Bad gateway'  

Have been for a few minutes - Stamp is on, though (am in UK, btw)
ardana123
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November 23, 2013, 04:20:08 PM
 #48625

This reeks of manipulation. The bears are gonna have a field day when Gox comes back online.
CryptStorm
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November 23, 2013, 04:20:23 PM
 #48626

Mt Gox website says:

"Reliable

We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. "

We nearly had both Stamp and Gox down simultaneously - hmmm....



Are they not still down?

I am getting '502 Bad gateway'  

Have been for a few minutes - Stamp is on, though (am in UK, btw)

Still down. If you spam Reload, you can get through, but can't place orders, as you get 502 again (no surprise).

Bet's on price movement when it's back!??!?!??!?  Angry Grin Sad Cheesy Huh Tongue
kurious
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November 23, 2013, 04:26:34 PM
 #48627

Clark Moody says Gox down 8 bux - red candles showing - but no trades moving - anyone seen this?
CryptStorm
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November 23, 2013, 04:27:13 PM
 #48628

GOX tip!?  Sad

OK, so if you're in a tight position, (like I am) and need or want to get out (I hate talking this way, please don't flame me),
you might be able to queue a sell by spamming reload and then once you get a gox page, place your order over and over until it finally says 'queued for execution'. (I'm not talking about market sells btws)  Undecided  Grin
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November 23, 2013, 04:28:12 PM
 #48629

Clark Moody says Gox down 8 bux - red candles showing - but no trades moving - anyone seen this?

I believe the price is between 823 and 825 Gox. What are you seeing?
eratta
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November 23, 2013, 04:29:44 PM
 #48630

The last time Gox was down nothing much happened. Wouldn't get too excited.
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November 23, 2013, 04:30:21 PM
 #48631

Clark Moody says Gox down 8 bux - red candles showing - but no trades moving - anyone seen this?

I believe the price is between 823 and 825 Gox. What are you seeing?

Bitcoinwisdom (usually more reliable) showing 826.

But trades list shows orders stuck at an 840 / 842 spread - I guess that was when it froze...

But if so, how come it moves down?

http://bitcoinwisdom.com/markets/mtgox/btcusd

kurious
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November 23, 2013, 04:32:30 PM
 #48632

The last time Gox was down nothing much happened. Wouldn't get too excited.

Am not really excited - but Stamp is pulling back and I suspect people are selling there just in case.

Not great for market confidence, so it is understandable.

Cheap coins for the brave?

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November 23, 2013, 04:32:39 PM
 #48633

The last time Gox was down nothing much happened. Wouldn't get too excited.

Thanks.  Smiley
CryptStorm
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November 23, 2013, 04:38:10 PM
 #48634

Once Kraken and Coinsetter are compliant and connected to bank accounts, we will see the rapid and miserable demise of a business run in a haphazard manner. I like the volume on Gox, and the yubikey, but having no dd0s security and being down at terrible times is a deal breaker.

US money will flee Gox, and new adopters will have no reason to send their money there.

Course, they'll have to get coins out, cuz we all know that Gox bux are worth less than tulips... I digress.
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November 23, 2013, 04:38:20 PM
 #48635

It's funny though, why Gox doesn't do a rollback each time this happens. Doesn't seem fair to anyone. Oh well.
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November 23, 2013, 04:40:38 PM
 #48636

Mark is probably sleeping so this can take some time to fix
theonewhowaskazu
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November 23, 2013, 04:42:23 PM
 #48637

What happened on gox? Looked like a huge crash just before the shutdown.
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November 23, 2013, 04:43:47 PM
 #48638

Bitcoin has no "inherent value" (or what it does have contributes trivially) and is of limited supply. Thus there is nothing which provides a downward price pressure other than sentiment. What many claim as a weakness is actually a strength (As is the case with the many things that people often criticize about Bitcoin)



*I don't believe in inherent value but am using it here as a shorthand which I hope we all understand.
Also see the south sea bubble

While we wait...

+1 to the British comedy link ^^^^^^^   Grin Cheesy Cheesy Cheesy Roll Eyes Roll Eyes
UnDerDoG81
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November 23, 2013, 04:46:03 PM
 #48639

Stamp goes up back again. So strange today... Or at least I never watched the price for 3 hrs a day before ^^
ChefBorjan
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November 23, 2013, 04:48:05 PM
 #48640

Stamp seems to have been fine for me all day, but I'm over in Europe so I don't know...
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