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

[Protagonus]

hrmm for gox I had points at 880-870-860.......next is 804.83  

couldn't get there though  

805 point was hit.
Next points I have is 787 , 770, 749 , 741, 715
749-741 could be bounce point
715 breaks, next is 632

(missed the 830 point call earlier, as I missed looking)

Edit:  upward rebound / stop points should be valid still also, if a reversal: 830, 860, 870, 880

632 hit within 1 cent.
Next points: 588, 562, 542, 521 and of course 455

all previous points still valid for rebound. Also, include 657, 673, 686, 699

 

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[BitcoinAshley]

http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/

even coindesk is spreading the FUD looking for cheap coins.

this is ridiculous...

No, they're doing the HODLers a favor. The more FUD there is, the more the panicky idiots sell, the faster we get the CRASH CRASH CRASH over with.

[TooDumbForBitcoin]

If USD withdrawals have not been fixed for almost 8 months, what makes you think they will fix BTC withdrawals in less than a month?

Two unrelated processes.

Cash holdup is possibly frozen assets during an investigation, or limited access to fiat due to banks' intransigency/fear.

BTC holdup is likely a bug in Gox's wallet software, as explained in the Gmaxwell reddit post linked upthread.

[Richy_T]

I have no good feeling about these ~700´s... I bought @680 yesterday but am not sure if I should hodl. Normally the price would be only down for a short period but this time it is too stable at around 700... No good sign for me... Any ideas?

Sell them to the greater fool.

Han Solo?

[podyx]

http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/

even coindesk is spreading the FUD looking for cheap coins.

this is ridiculous...

everybody loves cheap coins 

[Richard Branson]

Told you a few days ago:

CCMF

cheap coins mofos!

Hope you all sold and not bought last bulltrap.
But some permabulls never learn.

Thanks for 30% more coins! Sell when the people shout "bye bye tripple digits". That suckers got burnt heavily and they probably sold at the bottom.

Buy when all panic sell. Works allways with bitcoin, just need patience and fiat ready @ major exchanges.

[aminorex]

both btc-e and huobi, stamp is reacting to gox more for some reason

Presumably Mark is selling all the cheap coins in Bulgaria.

[segeln]

If USD withdrawals have not been fixed for almost 8 months, what makes you think they will fix BTC withdrawals in less than a month?

Two unrelated processes.
Cash holdup is possibly frozen assets during an investigation, or limited access to fiat due to banks' intransigency/fear.
BTC holdup is likely a bug in Gox's wallet software, as explained in the Gmaxwell reddit post linked upthread.

Cash Flows

One key insight Mark provided was the cash inflows vs outflows. He estimated $5-20 million cash going in every day, and $0.3-1 million going out

http://thegenesisblock.com/an-analysis-of-the-interview-with-mark-karpeles-ceo-of-mt-gox/
what are they doing with the net amount of 4-19 million $ per day !!!!!! ?? Should be easy to process withdrawals

[Richy_T]

Crash going to accelerate on monday when gox releases an official "we're still working on it but don't worry, will be fixed in no time."

It's pining for the fjords...




Ah, that's what that bird was.

[hdbuck]

Told you a few days ago:

CCMF

cheap coins mofos!

Hope you all sold and not bought last bulltrap.
But some permabulls never learn.

Thanks for 30% more coins! Sell when the people shout "bye bye tripple digits". That suckers got burnt heavily and they probably sold at the bottom.

Buy when all panic sell. Works allways with bitcoin, just need patience and fiat ready @ major exchanges.

CCMF...

CHEAP COINS MOTHER FUCKERS



totally works for me

[Richy_T]

Crash going to accelerate on monday when gox releases an official "we're still working on it but don't worry, will be fixed in no time."

What will Gox implement first - the LTC or the btc withdrawals ?

edit: stop fucking quoting obvious trolls like fonzie or mah87. This is as retarded as replying to the niggerian prince emails from the "spam" folder, wake the fuck up. Already ignored 2 people who constanly quote them.

Unfortunate typo there.

[hdbuck]

If USD withdrawals have not been fixed for almost 8 months, what makes you think they will fix BTC withdrawals in less than a month?

Two unrelated processes.
Cash holdup is possibly frozen assets during an investigation, or limited access to fiat due to banks' intransigency/fear.
BTC holdup is likely a bug in Gox's wallet software, as explained in the Gmaxwell reddit post linked upthread.

Cash Flows

One key insight Mark provided was the cash inflows vs outflows. He estimated $5-20 million cash going in every day, and $0.3-1 million going out

http://thegenesisblock.com/an-analysis-of-the-interview-with-mark-karpeles-ceo-of-mt-gox/
what are they doing with the net amount of 4-19 million $ per day !!!!!! ?? Should be easy to process withdrawals

Gox also have problem with US agencies and banks. They are probably under constant investigation regarding money laundering and all that same shit that got Shrem behind bars. Hence the cash is frozen as well.

edit: On the other hand, the good point is that Mark isnt in jail yet since he seems to fully cooperate.

[dgarcia]

Told you a few days ago:

CCMF

cheap coins mofos!

Hope you all sold and not bought last bulltrap.
But some permabulls never learn.

Thanks for 30% more coins! Sell when the people shout "bye bye tripple digits". That suckers got burnt heavily and they probably sold at the bottom.

Buy when all panic sell. Works allways with bitcoin, just need patience and fiat ready @ major exchanges.

Yeah. I made a lot of new coins by these panic dumps, too. And all without investing no more fiat.

Permabulls are batshit insane just as permabears.

[fonzie]

Gox also have problem with US agencies and banks. They are probably under constant investigation regarding money laundering and all that same shit that got Shrem behind bars. Hence the cash is frozen as well.

"Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions."

[strawbs]

Throughout 2014 I think we can expect to see new and far more professional exchanges opening which will be fully registered and statutorily compliant within their jurisdictions of operation.¹ Also, existing major currency exchanges will begin to offer bitcoin/fiat exchange.  This will be the catalyst for future growth in both bitcoin adoption and value.

Franky, bitcoin has massively outgrown the likes of Gox.  Such amateur inexperienced operators will of course fall by the wayside, whether or not they were once the most recognised and trusted.  Good riddance, I say.  Move over.

¹ not an invite for someone to start a rant on whether bitcoin exchanges should be regulated  

[JorgeStolfi]

http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/

even coindesk is spreading the FUD

And they use the market share charts from bitcoincharts.com, which simply omit Huobi and OKCoin.

It is like the Wall Street Journal posting a piechart of the stock markets of the world that omits NYSE and London...

[keithers]

If USD withdrawals have not been fixed for almost 8 months, what makes you think they will fix BTC withdrawals in less than a month?

Two unrelated processes.
Cash holdup is possibly frozen assets during an investigation, or limited access to fiat due to banks' intransigency/fear.
BTC holdup is likely a bug in Gox's wallet software, as explained in the Gmaxwell reddit post linked upthread.

Cash Flows

One key insight Mark provided was the cash inflows vs outflows. He estimated $5-20 million cash going in every day, and $0.3-1 million going out

http://thegenesisblock.com/an-analysis-of-the-interview-with-mark-karpeles-ceo-of-mt-gox/
what are they doing with the net amount of 4-19 million $ per day !!!!!! ?? Should be easy to process withdrawals

Hopefully the executives there haven't been spending the money, and then crediting btc that they don't even have

[Pruden]

We are so far below the super-exponential trendline... Obvious buying opportunity! $100 000/BTC before autumn!

[segeln]

Hopefully the executives there haven't been spending the money, and then crediting btc that they don't even have

are you sure they did`nt  spent the Money?
Or an internal/external hacker of the cash deposit ?

Cash-leak ?

[segeln]

We are so far below the super-exponential trendline... Obvious buying opportunity! $100 000/BTC before autumn!

graph please