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Question: What happens next?
$7,500 - 59 (64.1%)
$9,500 - 33 (35.9%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21436965 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. (129 posts by 23 users deleted.)
Davyd05
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February 12, 2014, 07:53:58 AM
 #86901

somebody took a dump on bitstamp??

no they bought coins
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February 12, 2014, 08:06:14 AM
 #86902

ghash approaching 37% https://blockchain.info/pools?timespan=24hrs

why does this keep happening??

because if you are a miner they are a 0 fee pool?   As opposed to BTC Guilds 3%

Complain about BTCGuild for charging way to much as well as about ghash.io...  The pool fee at BTCGuild is worth $12,000 a day, or roughly $4,250,000 a year as long as they maintain approx 18% of the hashrate and BTC is at $600
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February 12, 2014, 08:09:33 AM
 #86903

ghash approaching 37% https://blockchain.info/pools?timespan=24hrs

why does this keep happening??

because if you are a miner they are a 0 fee pool?   As opposed to BTC Guilds 3%

Complain about BTCGuild for charging way to much as well as about ghash.io...  The pool fee at BTCGuild is worth $12,000 a day, or roughly $4,250,000 a year as long as they maintain approx 18% of the hashrate and BTC is at $600

i see, i guess this will turn out fine though right?
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February 12, 2014, 08:55:08 AM
 #86904

received more "insight" on that february 2014 "event" from those nutjobs (?) at the farsight institute.
An event that would change the way we view the world?

Are they referring to MtGOX's press release?

 Grin
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February 12, 2014, 08:59:36 AM
 #86905

here is some fresh entertainment in the morning  Grin

https://www.youtube.com/watch?v=NI9z7gMpeE4

5:27 LOL

we should make the dude the new foundation chair. and let him run mtgox also.  Cheesy
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February 12, 2014, 09:26:04 AM
 #86906

Think we are going to be testing the December lows at some point soon
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February 12, 2014, 09:27:01 AM
 #86907

Think we are going to be testing the December lows at some point soon

FUD will do that but whatever, people with money are going to absorb all those coins, good riddance to those who are afraid.
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February 12, 2014, 09:29:31 AM
 #86908

Think we are going to be testing the December lows at some point soon

FUD will do that but whatever, people with money are going to absorb all those coins, good riddance to those who are afraid.

Can't have the highs without the lows.
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February 12, 2014, 09:34:00 AM
 #86909

The market is reacting VERY maturely to a "major" issue: despite of devs trying to underestimate the transaction malleability thing, the hard cold fact is that this "limitation" is being exploited right now to launch a DoS attack to the network which is slowing down (if not outright halting) the bitcoin economy. I've been sending coins to quite a few services for testing purposes (Bitstamp, Dgex, etc.) and all of my transfer were "mutated" and thus the coins were sent to the correct destination but they weren't credited to the corresponding accounts. Most transactions are delayed and big players such as Bitstamp, Gox or Coinbase are having problems tracking correctly the transactions.

Still BTC is trading well above $600 everywhere but Gox. This is a sign of strength in my book. Be prepared to buy, guys, because the network will come out MUCH stronger after this issue is solved.
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February 12, 2014, 09:39:46 AM
Last edit: February 12, 2014, 10:43:32 AM by creekbore
 #86910


Still BTC is trading well above $600 everywhere but Gox. This is a sign of strength in my book. Be prepared to buy, guys, because the network will come out MUCH stronger after this issue is solved.

Absolutely agree.

Saw an interview with Greg Maxwell shortly after the malleability issue broke and he (to paraphrase) said he had known of the issue for some time and wouldn't have put it in the top ten of issues facing BTC from a technical PoV.

Which begs the question: what are those top ten issues?

EDIT: Thread to discuss this issue started here
https://bitcointalk.org/index.php?topic=461631.msg5096642#msg5096642
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February 12, 2014, 09:40:07 AM
 #86911

I get the feeling the market won't bounce until stamp restarts withdrawals, also that China is still watching gox thinking that it means something.
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February 12, 2014, 09:43:54 AM
 #86912

I've turned bullish to be honest. The cheap coins were already had by many. At some point in the not so far distance gox will sort their shit out. With all the negative PR the coins will remain low and it will find the cooler heads who realize that Gox will has fucking cheap coins. Gox will get an influx of capital which will drive the price up quickly. This will in turn drive the price up on stamp because they'll have resumed coin withdrawals also. The bulls will come in full force and we'll see fast growth. It'll bubble to 850 and then correct to 700-750.

We don't know what new bad news may come. But we sure as hell know there is good news coming because although there is alot of derision, there are people at Gox who are ok at their job.
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February 12, 2014, 09:49:08 AM
 #86913

When 600$ falls for more than a day the gates of hell will be opened.
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February 12, 2014, 09:52:42 AM
 #86914

 Blockchain.info API not working

https://bitcointalk.org/index.php?topic=461640.0
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February 12, 2014, 09:55:10 AM
 #86915

Mt.Gox about to break 500$.
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February 12, 2014, 09:57:59 AM
 #86916

I still want to see 200$ difference between Gox and everyone else Cheesy
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February 12, 2014, 09:59:17 AM
 #86917

The market is reacting VERY maturely to a "major" issue: despite of devs trying to underestimate the transaction malleability thing, the hard cold fact is that this "limitation" is being exploited right now to launch a DoS attack to the network which is slowing down (if not outright halting) the bitcoin economy. I've been sending coins to quite a few services for testing purposes (Bitstamp, Dgex, etc.) and all of my transfer were "mutated" and thus the coins were sent to the correct destination but they weren't credited to the corresponding accounts. Most transactions are delayed and big players such as Bitstamp, Gox or Coinbase are having problems tracking correctly the transactions.

Still BTC is trading well above $600 everywhere but Gox. This is a sign of strength in my book. Be prepared to buy, guys, because the network will come out MUCH stronger after this issue is solved.

Glad to see you posting in this thread, haven't seen you around for a while. I enjoy the insight in your posts.

The bolded part sums up how I feel about this issue. The network is showing its resilience and most involved actors (exchchanges, devs, hodlers) seem to be behaving with calmness and intelligence. I agree that this will make the network stronger once again and I like it!

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February 12, 2014, 10:00:02 AM
 #86918

This means that the mallable issue has been resolved right? (https://bitcointalk.org/index.php?topic=460876.msg5091537#msg5091537), so as solex suggests, probably just a case of waiting for the exchanges to confirm it
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February 12, 2014, 10:01:12 AM
 #86919

And Fonzie is awake.

Here comes the FUD
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February 12, 2014, 10:02:53 AM
 #86920

Done with Gox
Explanation
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