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

[micalith]

is it normal that the $118 wall is showing up in all currencies on mtgox? I got the impression each currency had its own exchange

[Miz4r]

hmmmm, I trade on bitstamp, this smells a bit funny...

any new announcements re dwolla etc?

What smells funny? The Dwolla thing just caused a lot of Gox users to dump their coins on Bitstamp and now we're stuck in a traffic jam. Just enjoy the cheap coins and if you're buying and holding who cares how long we're stuck in this traffic.

[Nightowlace]

Seeeeee ya $120!

[Rampion]

is it normal that the $118 wall is showing up in all currencies on mtgox? I got the impression each currency had its own exchange

No, otherwise other currencies would have a too small liquidity.

[michaelGedi]

hmmmm, I trade on bitstamp, this smells a bit funny...

any new announcements re dwolla etc?

What smells funny? The Dwolla thing just caused a lot of Gox users to dump their coins on Bitstamp and now we're stuck in a traffic jam. Just enjoy the cheap coins and if you're buying and holding who cares how long we're stuck in this traffic.

yeah I bought in with some remaining money outside of my "hold long" position... so I'm wondering if Bitstamp will be sitting at 120 for a while (not enough cashflow in to eat up the $500k wall) as mtgox shoots up to the moon

[michaelGedi]

is it normal that the $118 wall is showing up in all currencies on mtgox? I got the impression each currency had its own exchange

No, otherwise other currencies would have a too small liquidity.

not showing up on CNY...

[Richy_T]

[KillaMarci]

It seems like Bitstamp clearly doesn't give a shit right about now...

[Rampion]

choo choo motherfucker!!

Did you buy back my friend?

I have to quote something that fitty posted a while ago and that really made me crack my ass laughing:

I'm a bear in denial.

There is nothing worse then a bear sitting on the sidelines, pockets full of fiat, feeling lonely because everyone left him behind.

Good news is, there's no shame in buying in, long term looks fantastic, a little bumpy in the short term, but there are enough cool gifs in this thread to keep you happy (and a few charts with lines n shit).

[ChartBuddy]

[arklan]

get sick, miss near 100 pages of this thread... sheesh, guys.

[micalith]

It seems like Bitstamp clearly doesn't give a shit right about now...

It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage

[byronbb]

TSUNAMI ALERT.

[samson]

It seems like Bitstamp clearly doesn't give a shit right about now...

It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage

LOL. WTF ? Were you seriously expecting MtGox to be shut down ?

They are not in the US, US law doesn't apply in Japan. Get real.

[adamstgBit]

when is coinlab going to come to the rescue ?

[dbru77]

get sick, miss near 100 pages of this thread... sheesh, guys.

You didn't miss anything substantial.

99% brainfarts and cheerleading, 1% Supernode mental breakdown.

 

[micalith]

It seems like Bitstamp clearly doesn't give a shit right about now...

It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage

LOL. WTF ? Were you seriously expecting MtGox to be shut down ?

They are not in the US, US law doesn't apply in Japan. Get real.

easy now. I was actually saying 'when/if' just for the sake of being falsifiable. I don't see it shutting down, but the dwolla exodus panic suggests that allot of people may be thinking otherwise. Just referring that situation, somewhat too laconically I confess

[TheKoziTwo]

It seems like Bitstamp clearly doesn't give a shit right about now...

It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage

LOL. WTF ? Were you seriously expecting MtGox to be shut down ?

They are not in the US, US law doesn't apply in Japan. Get real.

Megaupload Limited,[1] best known for its closed websites including the top-15 file hosting service megaupload.com,[1] is an online Hong Kong–based company established in 2005 that ran online services related to file storage and viewing. The domain names were seized, and the sites associated with Megaupload were shut down by the United States Department of Justice on 19 January 2012, following the indictment and arrests of the owners for allegedly operating as an organization dedicated to copyright infringement.[3] HK$330 million (approximately US$42 million) worth of assets were frozen

[Rampion]

It seems like Bitstamp clearly doesn't give a shit right about now...

It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage

LOL. WTF ? Were you seriously expecting MtGox to be shut down ?

They are not in the US, US law doesn't apply in Japan. Get real.

Well, the truth is that Japan is not Russia - I mean they would pretty much do what the US says. Still, I do not think that there is a big risk that Gox will be shut down in the next few days.

There's always been a risk of exchanges being shut down. Bitcoin undermines the status quo of the powerful, thus an attack/hostile attitude from Governments is expected from the very beginning. Actually till now we had too "friendly" attitude toward Bitcoin, but is foolish to believe that the FED won't fight back cryptos at some point.

That said, is also foolish to overreact to the Dwolla situation. The chance of Gox being shut down today is pretty much the same of Gox being shut down two weeks ago. If it happens, will happen suddenly - without prior notice. That is one of the many reasons why Bitcoin is a high-risk investment, everybody should understand that the Bitcoin thing is a gamble, because of many aspects of it.

[michaelGedi]

I'm still excited about fresh green apples in the Switzerland of South America, "Bitcoin's honeymoon destination" 


https://btcglobal.net/info/why-uruguay