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

[TERA]

Like someone on here said: Gox hasn't reached its final form yet :p

[billyjoeallen]

Yes any particular reason for the dip to 248 on Gox?  Or just Gox being Gox.  It shook BSP a bit which is stupid.  BSP traders should know better.

Price shoots up when the forum comes back online. hmmmm. Perhaps someone was trying to scoop some cheap goxcoin by creating some uncertainty with a ddos attack here, but gave up when the price flatlined instead of dropping.

[magicmexican]

Gox on the pump

[mah87]

Gox on the pump

269 ! WOW ! AMAZING PUMP!

"We will update everyone again by Thursday at the latest. " ^^

[HairyMaclairy]

Like someone on here said: Gox hasn't reached its final form yet :p

That could take years.  Everyone seems to think a resolution one way or another will be reached in a month or so.  Guess what:  it won't.

[HairyMaclairy]

Sometimes just for fun I take mah87 off ignore for a few moments to see if he is still pumping ripple.

I always put him straight back on again though.

[KeyserSoze]

...even the Silk Road 2 guy said "I failed you". It's a sad sad day when you have to look to criminals for lessons on leadership...

Isn't this the classic next move after a Bitcoin scam? Apologize, maybe pay some people back "out of your own coins," wait 6 months and start a new scam with integrity intact. I thought the SR2 guy blamed the loss of entire funds on malleability which we know is impossible. Did that change or did I get it wrong?

[KeyserSoze]

Yes, cavirtex is fine.  
I also spoke by email with Eric from Bylls.com in Montreal this morning [this is the bitcoin-to-bill-pay service that allows you to pay your electricity and cable bill with bitcoins!!].  He says they have secured multiple banking relationships, so they are not affected.

Glad to hear it.

[kurious]

Fiatleak is as quiet as I have ever seen it - tumble weed time....

Mighty quiet.

[manfred]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

[HairyMaclairy]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

No. Not unless the Fed engages in contractionary monetary policy. And I'm not talking about backing off quantitive easing.

[JayJuanGee]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

I doubt that today is going to follow...... we are going to have approximately one more year worth of bullish stock market performance...  Certainly, i am NOT an expert... just guessing... b/c history does NOT repeat itself that exactly.... and we have different things going on these days in terms politics, world involvement and even bitcoin, for example... he hehheehehe

[seldon]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

I doubt that today is going to follow...... we are going to have approximately one more year worth of bullish stock market performance...  Certainly, i am NOT an expert... just guessing...

Unless the Y axis starts at 0 it's bullshit.. the "old" line almost doubles in value, the "new" one clearly does not. Same thing with the total bid/ask charts posted from blockchain all the time here

edit: speaking about charts themselves, don't care about stocks too much.

[delphic]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

So Dow Jones went up in 1929.

And it has gone up again recently.

And if you use different vertical scales for the two plots, and an arbitrary start date, the two lines can be made to roughly fit over each other for part of the time periods.

That is the most pathetic attempt at showing a supposed correlation that I have seen for a long time.

[muyuu]

Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?

I doubt that today is going to follow...... we are going to have approximately one more year worth of bullish stock market performance...  Certainly, i am NOT an expert... just guessing...

Unless the Y axis starts at 0 it's bullshit.. the "old" line almost doubles in value, the "new" one clearly does not. Same thing with the total bid/ask charts posted from blockchain all the time here

edit: speaking about charts themselves, don't care about stocks too much.

The comparison is beyond stupid. The scale of the rise in the 20s is huge in comparison.

[JorgeStolfi]

oh look a Unicorn

(Despite the timing not aimed at you Jorge)

[fonzie]

http://www.coindesk.com/canadian-bank-cuts-cointrader-accounts-amid-hostile-government-rhetoric/

"Most notably, Cointrader suggested that the decision is part of a broader move by Bank of Montreal to sever ties with all of the virtual currency businesses it serves.

Cointrader CTO and co-founder Paul Szczesny said such a move would have a larger impact on the country’s burgeoning bitcoin ecosystem, "


"“It is important to continually improve Canada’s regime to address emerging risks, including virtual currencies, such as Bitcoin, that threaten Canada’s international leadership in the fight against money laundering and terrorist financing,"

[adamstgBit]

http://www.coindesk.com/canadas-finance-minister-regulate-bitcoin/

[fonzie]

Wow i just checked Google Maps and noticed that Canada is right next to the US of A.

So the USA might be the next one banning BTC?

 

[billyjoeallen]

...even the Silk Road 2 guy said "I failed you". It's a sad sad day when you have to look to criminals for lessons on leadership...

Isn't this the classic next move after a Bitcoin scam? Apologize, maybe pay some people back "out of your own coins," wait 6 months and start a new scam with integrity intact. I thought the SR2 guy blamed the loss of entire funds on malleability which we know is impossible. Did that change or did I get it wrong?

The malleability exploit amounts to a photocopied receipt. Harmless by itself, but could have led to double spending through a social hack. This may have cost Gox some coins also. I suspect Gox is halting BTC withdrawals until they find out who did it. They likely have the ability to resume withdrawals now, but don't want to because they haven't frozen the fraudsters accounts yet. If this is the case, it might get messy as they back out all the trades from those accounts.

As for SR2 being a scam, who knows? Doesn't matter if they stole coins entrusted to them or lost them. The coins are gone and the trust should be also. Caveat Emptor.