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

[dexX7]

MtGox can do wire transfer to anywhere in the world including US

I think this only represents a smaller number of all Gox users, but according to the MtGox withdrawal delays [Gathering] thread cashing out isn't that smooth at all.

[Rampion]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....
 

I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help?

[wachtwoord]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

Indeed. They assimilated rpietila! Bastards!

[sarc]

To me, it looks like it is going down now.. Many of the bulls think speculatively that by selling now, it is easy to buy back later. While this thinking is wishful (not all of them can buy the coins back - sub-100 or even at all(!!)), it is enough to take the price down in a long slide to around $50.

Only the growing usage will save bitcoin now. It may take months before it catches up. We are 2 months to the bear market now, I would not be surprised for 2 more months. 4 more would be a surprise.

Don't sell your coins. In 2011 only the ones lost who sold. I bought about BTC5000 then from somebody who could have held onto his treasure but chose to throw it away for a pittance. Read my threads (links in the sig). Don't sell.

You can't be sure the guy who sold you 5000 Bitcoin didn't buy double that back at the bottom.

Maybe he did, but not in a lump sum so there isn't a rally? It makes sense for him to keep the downtrend going until he is almost out of fiat.

Yeah, somebody did buy thousands of coins at the final capitulation.

If there is one in the coming weeks, be sure to have your $$ ready. You're given one chance (if any).  Even though I feel bearish, I still know the only sure way to get fiat out Mt.Gox is to buy bitcoins with it. So all the money is still there, and (real) asks are disappearing.

My bearishness is also partly because of my living condition.

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!" 

[10c]

I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help?

me to, even more then 3, amounts varied, received them all except for that one....
never received within 2-3 days though. usually within 2 weeks
since then I'm not risking it. still a ticket open and they are still looking in to it. They have no way of crediting it back to the gox account...
only a few coins on there and always witdraw in BTC now...

[ChartBuddy]

[samson]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....
 

I did two international wires from MtGox this week - the first one arrived the next day. The second one is yet to arrive, I suspect it will arrive on Monday.

[MidnightTokr]

http://blockchained.com/depth_mtgox_15d.png

Big jump in the bid sum, but will it be reflected in the price? I'm not confident.

[10c]

I did two international wires from MtGox this week - the first one arrived the next day. The second one is yet to arrive, I suspect it will arrive on Monday.

Hey I'm not trying to bash gox in any way, like I said up until then never had an issue.
just saying that shit can happen and my funds are not with me....

[Miz4r]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"  

Or perhaps you should be greedy when others are fearful.

I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.

[wachtwoord]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"  

Or perhaps you should be greedy when others are fearful.

I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.

Who the believe? The one quoting the oracle of Omaha or the one quoting George Bush ....

[sarc]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"  

Or perhaps you should be greedy when others are fearful.

I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.

A few lines of evidence say it's coming, nothing but blind hope to say it's not, I say : Baaaaa

[sarc]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"  

Or perhaps you should be greedy when others are fearful.

I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.

Who the believe? The one quoting the oracle of Omaha or the one quoting George Bush ....

That's unfair, George Bush has provided us with some of the best quotes in history...

[wachtwoord]

A few lines of evidence say it's coming, nothing but blind hope to say it's not, I say : Baaaaa

"Correction is coming there's a panic int he air" - The Proudhon song

[Miz4r]

A few lines of evidence say it's coming, nothing but blind hope to say it's not, I say : Baaaaa

Evidence? LOL. You only have blind hope yourself. We'll see, you keep your fiat and I'll keep my coins.

[Frozenlock]

What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.

I can feel the bullish market. 

[samson]

What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.

I can feel the bullish market. 

A good effort by whoever tried but it failed. Down we go.

[BitPirate]

you're a bear now  wtf did they do?  
lol

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

And so they should be, because of the size of the post-bubble correction coming.

In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"  

Or perhaps you should be greedy when others are fearful.

I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.

This. This group has rapidly turned into bear circle-jerk.

The reality is, we're over 60% down from our all-time high, our exchange footprint is increasing, the regulatory situation looks clearer and better than a month ago, and there is buying pressure despite attempted manipulation by dumpers. Now is, for all intents and purposes, a fantastic entry point.

[Rampion]

What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.

I can feel the bullish market. 

A good effort by whoever tried but it failed. Down we go.

Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point.

Interesting times. Much more interesting than in 2011 I'd say.

[lucas.sev]

What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.

I can feel the bullish market. 

A good effort by whoever tried but it failed. Down we go.

Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point.

Interesting times. Much more interesting than in 2011 I'd say.

Walls in bitcoin world have a peculiar tendency to disappear