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

[billyjoeallen]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

That's why you need a yacht. Big one. need more bitcoin.

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[solex]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

What you are missing is the bigger picture inferred by this testing.

a) Markets don't like uncertainty, don't like seeing exchanges go under because what can happen to one can happen to another. Gox testing reduces uncertainty.
b) Gox testing indicates that they are trying to fix things, not escape with people's money.
c) Gox testing indicates that they might finish said testing and actually resume limited or full service.

The individual price ticks are meaningless, however, collectively, they are meaningful and sentiment might be changing.

[arklan]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

...the moon?

[TheGhost]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

...the moon?

https://i.imgur.com/HbuZqex.jpg

[MikeH]

U clearly have no idea how good you guys have it there compared to just about everywhere else.

I know it's much worse in the US right now but it seems we've been taken over as well, our countries assets are being liquidated, politicians are corrupt, judges corrupt - they're talking about restricting peoples right to protest (with 2 years jail if you disobey a move on notice), one guy who lives in my city just finished a 3 year jail term for little more than calling Jews racist a youtube video (Brendon O'Connell), we've agreed to bail ins, the news like in the US is just freaking infotainment, no real news..  Yes when you look at the usual options, Australia may be better than most - but I want to be where reality and perception are the same, it may have to be a small freaking island community or something, I don't care, I'm just tired of the lies and corruption.

[ChartBuddy]

Explanation

[billyjoeallen]

Volume, what volume? 24 hour stamp volme: 20K... clearly a trap. There are all kinds of resistances in the 600s based on longer charts. Do you really thing we're ready to break through them all just because gox and on this low volume?

LOL. Wouldn't want those sheep who bought at $585 to get slaughtered, right? Go play in your giant triangle. No bull trap frightens you. Bull trap frightens you. Making money frightens you because you might lose it. Were you the hall monitor in middle school?

[adamstgBit]

it could go up it could go down, but one thing is clear, in a few month MtGox may or may not be part of the picture  

[podyx]

Volume, what volume? 24 hour stamp volme: 20K... clearly a trap. There are all kinds of resistances in the 600s based on longer charts. Do you really thing we're ready to break through them all just because gox and on this low volume?

LOL. Wouldn't want those sheep who bought at $585 to get slaughtered, right? Go play in your giant triangle. No bull trap frightens you. Bull trap frightens you. Making money frightens you because you might lose it. Were you the hall monitor in middle school?

go easy on the bears

they have had a long day today

[billyjoeallen]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

http://sailzingara.com/wp-content/uploads/2013/02/12073644-yacht-zingara-at-anchor-in-the-virgin-islands.jpg

[JorgeStolfi]

What you are missing is the bigger picture inferred by this testing.
a) Markets don't like uncertainty, don't like seeing exchanges go under because what can happen to one can happen to another. Gox testing reduces uncertainty.
b) Gox testing indicates that they are trying to fix things, not escape with people's money.
c) Gox testing indicates that they might finish said testing and actually resume limited or full service.
The individual price ticks are meaningless, however, collectively, they are meaningful and sentiment might be changing.

Er.... from the comments in that reddit thread, I understood that the transaction attempted by MtGOX was not a test after all, just one of many small transactions that they have been doing since the lock-in.  Did I understand wrong?

Perhaps the news "MtGOX is testing!" spread further and farther than the "Oops, soory"?

[MikeH]

http://sailzingara.com/wp-content/uploads/2013/02/12073644-yacht-zingara-at-anchor-in-the-virgin-islands.jpg

yea, that's what I'm picturing..    don't think I'd care if I had to go without technology either despite it being my life since the C= Vic20.

[Luno]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

...the moon?

Cheap houses in Turkey, but sadly there is something about knowing the right lawyers and paying off officials if you as a foreigner want to buy property there.

[podyx]

http://sailzingara.com/wp-content/uploads/2013/02/12073644-yacht-zingara-at-anchor-in-the-virgin-islands.jpg

yea, that's what I'm picturing..    don't think I'd care if I had to go without technology either despite it being my life since the C= Vic20.

pfft, u need a motor yacht

what about this¨

[HairyMaclairy]

I once worked out that it would cost US$750,000 for one tank of fuel for Greg Norman's yacht.  

[JayJuanGee]

If this gox rally continues, there may be a possible extension of the bull trap to ~660, like so:



This is exactly what I was talking about last night which I was worried about not being there. With it being there, it would be complete with the patterns of previous years.

I do NOT see how you are arriving at that prediction.  I do anticipate that GOX is keeping us down... however, we cannot really know any specifics b/c a lot of this is in the minds of the botwhales and how they are programmed to manipulate... we are NOT exactly in a free market.. especially, when we are suffering from such a low marketcap and accordingly, whales do NOT need to be very big in order to be able to manipulate the market... ... surely, they are NOT going to be able to prevent the ultimate upward trend.. unless they can destroy bitcoin... somehow.. but we have too much continued adoption and too much govt. tolerance.. at this point, the trend is going to be upward as soon as there are some positive signs concerning the resolution of the GOX situation.

[ChartBuddy]

Explanation

[heslo]

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

U want out of Australia?

U clearly have no idea how good you guys have it there compared to just about everywhere else.

While true, it is getting a lot worse; and increasingly so. I just hope people wake up to the fact and turn it around before it's too late. Sadly people are inherently lazy and would rather sit and watch their country fall to shit than get off their ass and do something about it

[HairyMaclairy]

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

U want out of Australia?

U clearly have no idea how good you guys have it there compared to just about everywhere else.

While true, it is getting a lot worse; and increasingly so. I just hope people wake up to the fact and turn it around before it's too late. Sadly people are inherently lazy and would rather sit and watch their country fall to shit than get off their ass and do something about it

The Ukrainians had a go. I hear some people in Syria and Egypt are trying too.

[JayJuanGee]

My prediction that BSP would be back under 600 by 2pm is not going so well.  That's ok I am patient I still think there is nothing behind this rally.  

What is BSP?  

That surprise buy on stamp out of nowhere prolly came from Coinbase. The buy and sell spread @ CB is much greater now.

This buy and sell spread varies, and I attempted to clarify this with them.... they were somewhat evasive, but claimed that their business model did NOT involve arbitrage (and or skimming) that I had accused them of..... I am NOT sure if I quite buy their story, but I was happy to receive an explanation directly to my inquiry.

so did any punters get their money into Gox?  I would have sent a few $ if it weren't for the 2 week delay last time, I expect it to take longer at the moment.

Yeah, right!!! .. Times have changed.... you would be lucky if the delay is ONLY two weeks.   So, a person may gamble and put money into GOX, and then purchase GOX BTC for anywhere between $91 and $300.... and thereafter, HOPE... that s/he gets the money out... or is able to transfer the BTC to some personal wallet.