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

[smoothie]

MTGOX = Lehman Brothers 2.0

[JorgeStolfi]

Western exchangers having almost the same volume as the Chinese ones on Sunday?

MtGOX today was 61% of all non-China,  Last Tuesday it was only 14%, and falling.

MtGOX always had suspicious robot activity, perhaps fake trade.  No one knows what is going on there now.

[BTC5OOO]

MTGOX = Lehman Brothers 2.0

^hey now : : we are still fighting that one ...i may still get my money back!#LEHMQ to da moon(shameless plug)

;-)

[JorgeStolfi]

I hope someone is saving the transaction logs of all the exchanges.  They would be a gold mine for historians, reporters, market analysts, etc.

That data may one day may be worth many bitcoins. 

[medialab101]

Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it.  Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.

There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.

Bitcoin Jesus will save us

He does press releases, yeah?

Yep

http://www.youtube.com/watch?v=1cexawnOlR8

[medialab101]

I hope someone is saving the transaction logs of all the exchanges.  They would be a gold mine for historians, reporters, market analysts, etc.

... lawyers 

[niothor]

Once withdrawn from Gox there should be no need to dump elsewhere as you already profited from the low buy price, still i guess the fear of others blind dumping may spark a race and bring down the price.
Am i missing something?

People panic selling because there might be panic selling? No, such a thing would never happen.

Using "people" and not "sheep" ? You're in a good mood today I assume

Believe it or not, i usually am. It's just the group behaviour of people that drives me nuts. As you may have noticed.

Well , this is one day you shouldn't really be watching this forum , or you're going to be the star in Ice Age 6 or 7.
I'm worried myself of what this day might bring.

[el_rlee]

MTGOX = Lehman Brothers 2.0

I am even afraid it might be Bernie Madoff 2.0

[adamstgBit]

[Davyd05]

slept all day, hoping to wake to mtgox updates, however I am calm.

[creekbore]

Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it.  Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.

There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.

Bitcoin Jesus will save us

He does press releases, yeah?

Yep

http://www.youtube.com/watch?v=1cexawnOlR8

Some old Youtube video isn't a press release....a press release is in text format, has a title and a date, a story and contact numbers for the lead 'actors' in the story....then lazy journalists cut and paste it, may be call a number for a quote, give it to a sub editor who actually does some work tidying it up, an editor waves it through, then it gets printed and lots of people believe its true because a journalist at the [insert name] wrote it.  

Most media outlets publish anything that lands on their desk without checking facts (blame time, blame money, blame falling standards).  Check out 'businessinsider.com.au' which last week published a press release verbatim about BTC which was a complete lie - Aussies to open world's first BTC bank - the world first actually opens in Cyprus next week.

See where I'm going with this...it's really easy to get your message across but the Bitcoin Foundation aren't participating in the game.....and people wonder why the market is crashing.

[adamstgBit]

slept all day, hoping to wake to mtgox updates, however I am calm.

such anticipation
much uncertainty
very thrilling

 

[FTWbitcoinFTW]

Just wait for a wave of buy on gox from insiders
It will signal that the update is coming.

Somme ppl have information before other in any market

[Davyd05]

Just wait for a wave of buy on gox from insiders
It will signal that the update is coming.

Somme ppl have information before other in any market

lol the told us Monday already, We can assume towards the end of their working day. Lunch time just passed.

[HairyMaclairy]

I predict 7pm Tokyo time like the last one.

[CryptStorm]

So I wish I new how to show this, but I drew a line from the Dec 19 low on stamp to the Feb 9 low and it perfectly intersected the Feb 13 low, and it shows an upward slope.

This?

Thanks!

OK, I'm not on this thread everyday-- but, I gotta say, you guys are awesome (not Fonzie, which, as a side note, is my dog's name, doh)! I always feel like there are a handful of hard core, intelligent folks who are just kinda kicking ass.

Shouts to the very few I know, Vycid, Blitz, Niothor, Adambtsgststa, ElectricMucus, BitcoinAshley, Rampion, Goat, Aminorex, BillyJoelAllen,  solex, JataJuta, windjc, so many of you guys 'get it' and are a pleasure to be around. Just saying. Rock on. I need another beer, now.

Looking forward to the unwinding of this debacle (which, I unfortunately, did not trade awesomely, but should be ok), and the continuance of a legit ecosphere.

[FTWbitcoinFTW]

Just wait for a wave of buy on gox from insiders
It will signal that the update is coming.

Somme ppl have information before other in any market

lol the told us Monday already, We can assume towards the end of their working day. Lunch time just passed.

I try to find the previous other updates timestamp, just to check if they use GMT or JPS for release the information in daytime for the most of their customers
But i can't find  the release time on the PDF...
Some info about this ?

[HairyMaclairy]

That line is not going to survive Mt Gox's announcement that they need more time.  (No inside knowledge here just seems likely).

[medialab101]

Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it.  Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.

There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.

Bitcoin Jesus will save us

He does press releases, yeah?

Yep

http://www.youtube.com/watch?v=1cexawnOlR8

Some old Youtube video isn't a press release....a press release is in text format, has a title and a date, a story and contact numbers for the lead 'actors' in the story....then lazy journalists cut and paste it, may be call a number for a quote, give it to a sub editor who actually does some work tidying it up, an editor waves it through, then it gets printed and lots of people believe its true because a journalist at the [insert name] wrote it.  

Most media outlets publish anything that lands on their desk without checking facts (blame time, blame money, blame falling standards).  Check out 'businessinsider.com.au' which last week published a press release verbatim about BTC which was a complete lie - Aussies to open world's first BTC bank - the world first actually opens in Cyprus next week.

See where I'm going with this...it's really easy to get your message across but the Bitcoin Foundation aren't participating in the game.....and people wonder why the market is crashing.

Yes, I was being facetious (somewhat). But having said that Andreas Antanopoulos is one of the most articulate and on-message speakers who, in a sense, acts in a similar fashion to what you suggest.

The press-release model, while important, is not necessarily the best way to get the word out. The r/Bitcoin Reddit, for instance, does more to get the Bitcoin message across than any centralized press desk could.

Everyone knows the Foundation is dysfunctional and that their current role is basically limited to code maintenance.

[ChartBuddy]

Explanation