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Question: When New ATH?
Apr. 11 - 2 (5.9%)
Apr. 12 - 3 (8.8%)
Apr. 13 - 4 (11.8%)
Apr. 14 - 5 (14.7%)
Apr. 15 - 4 (11.8%)
Apr. 16 - 1 (2.9%)
Apr. 17 - 3 (8.8%)
After Apr. 17 - 12 (35.3%)
Total Voters: 34

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25252747 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. (157 posts by 13 users deleted.)
seleme
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January 26, 2014, 11:44:46 PM
 #79921

Lol, why is Blockchain showing amounts in dollars, not Bitcoin???

https://blockchain.info/address/1C9cmLVbWApYiJo8C7W6hiArESgcowDctp

Because you clicked on one of the BTC amounts which switches between BTC and $?  Wink

Lol, might be, it's back to BTC again Cheesy

BTW, just did 3 withdrawals from Gox. 2 of 5 BTC ones went immediately into Blockchain, 3rd one of 10 BTC is still not there though it's only few minutes.

The issue with Gox is not getting coins out, its getting fiat out. The govt/banks can't stop the flow of btc. People are just realizing that BTC is better than Gox Bux no matter the price.

We'll see, my BTC withdrawals so far from Gox were smooth, this last one is still not in blockchain though.
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January 26, 2014, 11:49:02 PM
 #79922

It's still kind of amazing to me that Gox is basically just one probably tiny office in Shibuya or something

Like if anyone was sufficiently furious and insane they could just sabotage the physical space and cause utter mischief

Meanwhile could it be that given the current value of BTC they've changed the limit of BTC withdrawals per-period without telling anyone? Verified limit per month is like $10k, that's just 10BTC now
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January 26, 2014, 11:49:55 PM
 #79923

Lol, why is Blockchain showing amounts in dollars, not Bitcoin???

https://blockchain.info/address/1C9cmLVbWApYiJo8C7W6hiArESgcowDctp

your settings are set to that. its on the lower part of your screen to change it.

No, my settings are set to Bitcoin. I can change it from USD to BTC clicking green amount button but if I refresh it it changes to dollars again.
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January 26, 2014, 11:50:12 PM
 #79924


Denomination   Name   Legend
21000000   The Coinbase
10000000   Menger   Carl Menger, founder of the Austrian School of Economics
1000000   Nakamoto   possible number of BTC owned by SN
100000   Hayek   Nobel prize for contribution to the Austrian Theory of the Business Cycle
10000   Pizza   first Bitcoin transaction - 10000BTC for a couple of pizzas
1000   Mises   In "Monetary Reconstruction" (1953) Ludwig von Mises argued for a fixed money supply
100   Milton   Milton Friedman proposed replacing the FED with a computer
10   Murray   Murray Rothbard argued for competing private currencies
1   Bitcoin
0.1   Finney   Hal Finney created the first reusable proof of work system
0.01   bitcent
0.001   milicoin
0.0001   Chaum   David Chaum - ecash
0.00001   Szabo   Nick Szabo - bitgold
0.000001   microcoin
0.0000001   Gavin
0.00000001   Satoshi

Picking a nit on a presumed half-joke: you may make friends among the SI (metric system) guardians if you spell the unit names in lower case: "gavin", "satoshi", etc.  Compare with "watt", "tesla", "farad" (rather than "Watt", "Tesla", "Faraday"). 

The symbol may be an uppercase letter, possibly followed by a lowercase letter, eg. "Gv" for "gavin" (compare "Hz" for "hertz"); but avoid combinations that may be confused with prefix+lowercase unit symbol, like "Gm" for "gigameter" or "Mb" for "megabit".

 Smiley
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January 26, 2014, 11:52:17 PM
 #79925

It's still kind of amazing to me that Gox is basically just one probably tiny office in Shibuya or something

Like if anyone was sufficiently furious and insane they could just sabotage the physical space and cause utter mischief

Meanwhile could it be that given the current value of BTC they've changed the limit of BTC withdrawals per-period without telling anyone? Verified limit per month is like $10k, that's just 10BTC now



The problem with Gox is fiat withdrawals not BTC....
They have 3 weeks queue as they replied me on a ticket.....
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January 26, 2014, 11:54:45 PM
 #79926

what is this about drug dealers and money laundering? is this all hearsay or what? links please. Cheesy

This is one of the first articles found by Google:

http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Probably there are better and more complete accounts out there somewhere.
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January 27, 2014, 12:00:34 AM
 #79927

It's still kind of amazing to me that Gox is basically just one probably tiny office in Shibuya or something

Like if anyone was sufficiently furious and insane they could just sabotage the physical space and cause utter mischief

Meanwhile could it be that given the current value of BTC they've changed the limit of BTC withdrawals per-period without telling anyone? Verified limit per month is like $10k, that's just 10BTC now



The problem with Gox is fiat withdrawals not BTC....
They have 3 weeks queue as they replied me on a ticket.....

Which does not imply that there should be a BTC withdrawal delay right?

Seems to be a pretty big backlog of BTC withdrawals.
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January 27, 2014, 12:00:50 AM
 #79928

It's still kind of amazing to me that Gox is basically just one probably tiny office in Shibuya or something

Like if anyone was sufficiently furious and insane they could just sabotage the physical space and cause utter mischief

Meanwhile could it be that given the current value of BTC they've changed the limit of BTC withdrawals per-period without telling anyone? Verified limit per month is like $10k, that's just 10BTC now



The problem with Gox is fiat withdrawals not BTC....
They have 3 weeks queue as they replied me on a ticket.....

They have had problems with BTC also - I just went through four days of a transfer to my wallet that never arrived.

I got it in the end - but as they used to say in Hill Street Blues 'Be careful out there..'

Lots of lost transfers right now.  
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January 27, 2014, 12:03:58 AM
 #79929

Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.
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January 27, 2014, 12:09:17 AM
 #79930

So, is the reason gox is climbing so high is because people are paying whatever to just get BTC and get out? Man, Im glad I did that when btc was around 100 or so, even then I took a 20 percent hit, but it was worth it.... So, when people are done transferring, will gox settle down to what the other exchanges are at?
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January 27, 2014, 12:15:43 AM
 #79931

So, is the reason gox is climbing so high is because people are paying whatever to just get BTC and get out? Man, Im glad I did that when btc was around 100 or so, even then I took a 20 percent hit, but it was worth it.... So, when people are done transferring, will gox settle down to what the other exchanges are at?

i would expect it to come back down to about 10% difference like it was b4 once this settles.
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January 27, 2014, 12:22:18 AM
 #79932

this goes back and forth, though. iirc, the spread in % terms has been higher than this but i am lazy to confirm. if there is a pronounced crash/downtrend, i think the spread will tighten up substantially.

It has been higher several times, but briefly. Komar made a nifty chart here. https://bitcointalk.org/index.php?topic=432477

On a percentage basis, it's been ratcheting up quickly since the new year.

It might come down to the more normal 10-15% premium, but I've seen posts suggestion that JPY withdrawals and even slow SEPA withdrawals are having problems--we might be looking at the end. Wanna trade your Gox BTC to "GoxUSD" in the hopes of getting 10% vs. the odds of loosing 100%? I think lots of people don't like that bet.
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January 27, 2014, 12:27:51 AM
 #79933

stress levels are high.

markets are wild.

just another day in bitcoin land.
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January 27, 2014, 12:50:07 AM
 #79934

stress levels are high.

markets are wild.

just another day in bitcoin land.

+1!
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January 27, 2014, 01:02:40 AM
 #79935


Explanation
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January 27, 2014, 01:16:06 AM
 #79936

Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.

Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now.

No ETA on when this problem will be fixed.

It appears to affect larger transactions so anyone making small withdrawals won't be affected so much.

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.
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January 27, 2014, 01:16:36 AM
 #79937

Leveraged a short term long position @ 812. Choo choo and all that.

not a bad bet, someone's got balls.
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January 27, 2014, 01:19:22 AM
 #79938

Check this regarding the Gox situation which is rapidly spiraling out of control :

http://thegoxreport.com/

People are making websites to track this issue which shows how long it's been going on and if you look at the above URL you can see that it's getting worse by the day.
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January 27, 2014, 01:22:32 AM
 #79939

Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.

Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now.

No ETA on when this problem will be fixed.

It appears to affect larger transactions so anyone making small withdrawals won't be affected so much.

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

that would make some crazy headlines! lmao.

"Mark from MTGox living off the grid with everyones bitcoins"
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January 27, 2014, 01:22:54 AM
 #79940

Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.

Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now.

No ETA on when this problem will be fixed.

It appears to affect larger transactions so anyone making small withdrawals won't be affected so much.

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

My one that is missing is not that big, 10.84 BTC

It's FUD, of course about Mark, people talking bullshit as usual.
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