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

[foo]

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there.  Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

[BTC Books]

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there.  Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

The rules change has nothing to do with the trading engine.

      TOKYO - JAPAN - April 09, 2013

      Orders will only be accepted when there are enough funds available in your wallet!                             

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface.

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.

While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance.
      
   

Regards
Mt.Gox Co. Ltd Team.

https://mtgox.com/press_release_20130409.html

[foo]

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there.  Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

The rules change has nothing to do with the trading engine.

      TOKYO - JAPAN - April 09, 2013

      Orders will only be accepted when there are enough funds available in your wallet!                             

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface.

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.

While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance.
      
   

Regards
Mt.Gox Co. Ltd Team.

https://mtgox.com/press_release_20130409.html

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

[BTC Books]

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

Hmmm...  I've read here on the forum that people have had bids and asks rejected without the funds to cover.  Anecdotal, of course - and finding those posts would be difficult.

Nevertheless - we are still in a situation where the Bid Sum is at an all time high.

[Xiaoma]

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

Hmmm...  I've read here on the forum that people have had bids and asks rejected without the funds to cover.  Anecdotal, of course - and finding those posts would be difficult.

Nevertheless - we are still in a situation where the Bid Sum is at an all time high.

I tried, and doesn't let me add bids/asks without the funds. So looks like the rule is implemented.

[The-Real-Link]

So I see that that surge was because someone bought tons of coins (thanks for that great screenshot by the way).  I was going to joke that oh wait, it's 4-20.  Time for everyone on Silk Road lighting up to tell their friends about suddenly there's this thing called Bitcoin and they can buy their fix ;p.

Now, granted, I don't know if I'd imagine an addict buying a 1.400+ coin order but it would be funny if the whole "Stoner's Rally" was at least somewhat true for the fact we've been surprisingly calm overnight.  It didn't move more than 2-3 bucks.  That's some of the most stable pricing I've ever seen in a ~12 hour window for coins.

Resume rally mode, thank you.

[just1nmc]

Is this an official website for Jeff Berwick's ATM?

https://bitcoinatm.com

I remember looking at it last week and there seems to be new content added.


Also is there any more information about this? Stated on the website.

The first BitcoinATMs will be launched in San Diego and Cyprus next week.

[Frozenlock]

I'm interested in this as well.
Anyone knows the price and availability?

[just1nmc]

Sell off down to $126. Seems to be mostly from one person. Lag peaked at ~14 seconds

[Xiaoma]

YAWN

[DrG]

It went up, now it's going to go down somewhere between $110 and $120.  Won't go anywhere until Monday most likely.

[Kazu]

It went up, now it's going to go down somewhere between $110 and $120.  Won't go anywhere until Monday most likely.

Why?

[Geist]

It went up, now it's going to go down somewhere between $110 and $120.  Won't go anywhere until Monday most likely.

Looks like it went down to 125 and is rising again. XD

[just1nmc]

I don't see a drop below $120 for right now unless a big seller comes in. It stayed around that price all day.

Selling after a Saturday rally sounds like a bad idea to me. There seems to be a lot more buying pressure than selling.

[Geist]

I don't see a drop below $120 for right now unless a big seller comes in. It stayed around that price all day.

Selling after a Saturday rally sounds like a bad idea to me. There seems to be a lot more buying pressure than selling.

I agree. I suspect we won't see it go down until it rises a little higher. I'm thinking it all depends on $150, we'll either hit the wall and then crash, or break through and possibly touch the ATH at 266, possibly higher, before someone panic sells and causes a crash.

[SAQ]

These people are crazy! I was falllin asleep right when price goes from 120 to 134 in like 10 seconds! Good I bought at 118 then sold at 132. Then thankfully it got bit boring again until all the sudden price goes to 125!.

I don't think it can manage to go below 125. As for top, I thought we might see 140. It seems unlikely though. Theres a lot of resistance around 134.

Doesn't seem like we are going anywhere for now. 125 to 130 until tomorrow evening I think.

[Richy_T]

Behold, I give you chart with paint scribbles.



Edit: bigger

[just1nmc]

http://thepiratebay.se has a bitcoin address listed on their front page now. Nothing too big really, but it's nice to see them accepting.

[Kazu]

http://thepiratebay.se has a bitcoin address listed on their front page now. Nothing too big really, but it's nice to see them accepting.

YAY! The two most money-saving technologies in the world unite!

[Beta-coiner1]

A little more...

Yeah,no wonder there is a rally.