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

[Arcas]

Anyone explain to me why these guys will give me £400 right now  for my bitcoin
https://localbitcoins.com/instant-bitcoins/
When they could be getting them for £173 at MtGox?

Serious question.

MtGox isn't selling bitcoins, they are selling MtGox-coins. Unlike bitcoins, MtGox-coins can only be exchanged for MtGox-bucks. Neither can be withdrawn.

[tonyq]

Anyone explain to me why these guys will give me £400 right now  for my bitcoin
https://localbitcoins.com/instant-bitcoins/
When they could be getting them for £173 at MtGox?

Serious question.

MtGox isn't selling bitcoins, they are selling MtGox-coins. Unlike bitcoins, MtGox-coins can only be exchanged for MtGox-bucks. Neither can be withdrawn.

 

[JimboToronto]

Bored at work?

Playing fantasy games in his mother's basement is work?

 

[empowering]

Anyone explain to me why these guys will give me £400 right now  for my bitcoin
https://localbitcoins.com/instant-bitcoins/
When they could be getting them for £173 at MtGox?

Serious question.

Because (most of) the guys that buy on localbitcoins are not set up to trade on Mtgox - validation, sending over fiat etc... it is not a quick set up at best of times, and at the moment.... no point in sending BTC as they are instantly devalued as you send them there, until you can get them out, so unless you send them there when at value of $350 and you are hoping they tank to $250 - so all in all useless unless you have fiat there already its a no go.. there are things like BitcoinBuilder where you can play a  little and stil get 30% market discount as of right now...

[kkaspar]

With these volumes the current "uptrend" won't last very long.
Like I said before, a crash is needed to stimulate trade. Stop being greedy and make the coins cheaper, so they would look attractive to other people as well. This shit's chess, it ain't checkers.
Stop being a . Or you will be back in your cave, all alone, playing with your precious.. Sell your coins to save bitcoin!

[empowering]

With these volumes the current "uptrend" won't last very long.
Like I said before, a crash is needed to stimulate trade. Stop being greedy and make the coins cheaper, so they would look attractive to other people as well. This shit's chess, it ain't checkers.
Stop being a . Or you will be back in your cave, all alone, playing with your precious.. Sell your coins to save bitcoin!

Sell me some cheap coins then please : )

[bassclef]

Oh and. If true Fonzie, if you work at coindesk, than all your trolling/being a dumbass explains alot.

Someone needs to tell him that making his employer look bad in one of the most highly viewed threads on bitcointalk doesn't bode well for job security.

[ChrisML]

Oh and. If true Fonzie, if you work at coindesk, than all your trolling/being a dumbass explains alot.

Someone needs to tell him that making his employer look bad in one of the most highly viewed threads on bitcointalk doesn't bode well for job security.

Once a dumbass, always a dumbass. Asking for a explaination and once given, he shuts the fuck up. Probably doesnt know how to debate.

Doesnt really suprise me, thats normal when being braindead. If there's a mod on here, he should do his job by picking out the people with an IQ of below 60, and make them a "special" thread.

[kkaspar]

Sell me some cheap coins then please : )

Sold my coins couple of weeks ago, but I want to see BTC as an good investment again!

2 things would attract me to buy back in:
a) Opening of new markets with solid volume in new geographical locations.
b) Sudden price drop to an more secure level.

As I can see, then no development has been done to market bitcoin in south- or central-America. Regions where it could truly flourish. So, my realistic hope, in coming back into the game, is that the price drops to a more secure level. Desperation of fanatics doesn't feel secure at all.

[ChartBuddy]

Explanation

[empowering]

Sell me some cheap coins then please : )

Sold my coins couple of weeks ago, but I want to see BTC as an good investment again!

2 things would attract me to buy back in:
a) Opening of new markets with solid volume in new geographical locations.
b) Sudden price drop to an more secure level.

As I can see, then no development has been done to market bitcoin in south- or central-America. Regions where it could truly flourish. So, my realistic hope, in coming back into the game, is that the price drops to a more secure level. Desperation of fanatics doesn't feel secure at all.

If you are looking for pure fanatics you maybe in the correct thread, desperation is optional as is dignity - sounds a little like some dates I have had in the past..

Anyway.

 I think your two goals are kind of at odds with each other...as soon as there is a hint that there is more stability and more "markets" lets say exchanges improved ecosystem and adoption growth and clearer regs etc..  as soon as the market gets (even more of) a whiff of that then , the price will go up to price it in, not down, unless "they" manipulate the exchanges to get a better price to buy in at...hmmm
 
The other ingredients to your pie just need to be time and patience methinks... unless there is bad newses as in new newses, then the sudden drop you are looking for has already just happened... we may of course get another, but then we may not... and if we do I would not imagine it staying there too long...and I would hope not too.... but from here now if the train stays on the tracks, then the more secure level you talk about may well be a price upwards from here, the fundamentals are all still the same as they were 1, 2, 6, 12 months ago.. the only difference being, if anything the different fundamentals have all had a bit of a testing and have proven quite sturdy so far which scores them a few more points, an it looks very much like the trend from here is growth, in investment, infrastructure/ecosystem, awareness, user numbers, vendors that accept BTC etc etc.. and those trends all look as if they are all going to continue and most of them will all be doing their own advertsing and devdelopment too..  another few cranks of that rachet , and we are going to see more action in the price.

So becareful trying to catch that bottom.

Just my opinions and I tend not to do desperate




 

[JorgeStolfi]

Anyone explain to me why these guys will give me £400 right now  for my bitcoin
https://localbitcoins.com/instant-bitcoins/
When they could be getting them for £173 at MtGox?

Serious question.

I wonder how many bitcoin buyers have been lured by MtGOX's extremely low price, and discovered only too late that they cannot get their coins out nor their money back.

Mark Karpeles is a human being, sure.  But there are several more specific terms for a human being that receives the property of other human beings for safekeeping, and refuses to give it back. 

[OldGeek]

...But there are several more specific terms for a human being that receives the property of other human beings for safekeeping, and refuses to give it back. 

In some, several?, jurisdictions there are severe penalties for abusing 'care, custody, and control'.

[ChrisML]

Hi,

how are u doin with all your coins and money stuck in Gox?

Much butthurt?

Lololololololololololololololololololollololololololollololololololollololololo lolollololololololollololololololollololololololollololololololollololololololo l

Best Wishes

Fonzie

I do not have Bitcoins in Gox. I do not have USD in Gox. Idiot.

Stop PM'ing me, it's a waste of my mailbox space.

[OldGeek]

I'm gratified that BTC-e has not joined in on the mud crawl.  Watching gox doing a fair imitation of the limbo is frightening enough.

[tonyq]

Anyone explain to me why these guys will give me £400 right now  for my bitcoin
https://localbitcoins.com/instant-bitcoins/
When they could be getting them for £173 at MtGox?

Serious question.

I wonder how many bitcoin buyers have been lured by MtGOX's extremely low price, and discovered only too late that they cannot get their coins out nor their money back.

Mark Karpeles is a human being, sure.  But there are several more specific terms for a human being that receives the property of other human beings for safekeeping, and refuses to give it back. 

+1

[kurious]

Actually - allowing limited withdrawals makes sense - they must fear a 'run' on BTC either crashing the exchange (with it's new software fix being untested, too) - or meaning they have so little liquidity that their business is finished.

Allowing 'some' withdrawals will mean people wish to hold BTC instead of Fiat, which will inflate the price on Gox, and at this point, some people might decide to stay.

If Gox is clever, it will still have a business left.   Don't get me wrong - I will be the first in the queue to get out, but it is a logical solution.

I did think this was their only logical way out (assuming they really do intend to stay in the game).

The thing is, it is not Gox's money to control. It belongs to the people whose accounts it is credited to. To maintain confidence, Gox should be doing everything they can to allow people to access their money. They're not.

Richy - I still have coins in there - I was just trying to look at it dispassionately. We are where we are.

I hate what Gox had and has wasted, it rankles, of course - but I want the damage to stop, so I am hoping they do something measured and sensible so they can get out of the hole they have dug for themselves.

[dreamspark]

Wouldnt it be hilarious if they just started fiat withdrawals as well.

[traderCJ]

Wouldnt it be hilarious if they just started fiat withdrawals as well.

It'd be even funnier if the announcement stated that there had been a huge misunderstanding: work is only being done on improve the fiat withdrawal system and that they were previously unaware of BTC withdrawal issues.

[Spaceman_Spiff]

Wouldnt it be hilarious if they just started fiat withdrawals as well.

It'd be even funnier if the announcement stated that there had been a huge misunderstanding: work is only being done on improve the fiat withdrawal system and that they were previously unaware of BTC withdrawal issues.

lulz