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

[micalith]

Bad news ad infinitum, be prepared for the coming weekend dip.

Mmm... I sense a replay of the Dwolla-news-effect is coming - just an order of magnitude bigger this time.
Prepare to see price going up on Gox and down on other exchanges.

Nothing but wishful thinking 

LOL, I spent about $60k when word of this delay started to emerge last week. This is money I've been sitting on for over a month waiting for lower prices.

I suspect this is the only reason why the price went up to $113 recently - people who were paying attention knew something was wrong and decided to get out of Gox.

I expect to see lots of big BTC purchases very soon.

If gox are being truthful about this only lasting for 2 weeks, this won't be so drastic, as waiting for 2 weeks for gox priced bitcoins might work out better than selling them off cheaper in other exchanges. That is IF it really only lasts for 2 weeks

[420]

other exchanges be $5 under gox

[samson]

I expect to see lots of big BTC purchases very soon.

Update - it's happening right now

[gizmoh]

After just selling 85% earlier , i'm now all in again, after much thought put into this recent news lead to only one outcome:
Exodus of USD from Gox, and there currently is only one exit: Buying coins. Expect artificial price boom now.

[samson]

After just selling 85% earlier , i'm now all in again, after much thought put into this recent news lead to only one outcome:
Exodus of USD from Gox, and there currently is only one exit: Buying coins. Expect artificial price boom now.

+1

[samson]

What happened to the posts counts - have 500 of my posts been deleted ?

[San1ty]

What happened to the posts counts - have 500 of my posts been deleted ?

Changed to activity apparently

Activity != Post Count

Name:   samson
Posts:   801
Activity:   238

[Rampion]

What happened to the posts counts - have 500 of my posts been deleted ?

Changed to activity apparently

Activity != Post Count

Name:   samson
Posts:   801
Activity:   238

Now ranks are based on activity.

The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)

Activity is updated every 30 minutes.

The new membergroup limits work like this:

Group	Requirement
Brand New	0 posts
Newbie	(none)
Jr. Member	1 post written over 4 hours ago
Member	activity: 15
Full Member	activity: 60
Sr. Member	activity: 200
Hero Member	activity: 400

I'm not 100% sure that the membergroups work correctly. Tell me if you see any bugs.

[FNG]

Better front run the U.S and buy coins  

Shaping up to be an exciting day.

[billington.mark]

we needed some drama, was starting to get a bit dull around here!

Pulled my $125 sell order... lets see where this goes!

[Frozenlock]

So... money can come in, but can't get out.

Sounds legit. 

[samson]

So... money can come in, but can't get out.

Sounds legit. 

What was Madoff's first excuse when he stopped paying out ?

[rdsc]

It should begin going down as we are near a full moon.
http://i41.tinypic.com/a9o5td.png

It's a supermoon too   http://earthsky.org/tonight/is-biggest-and-closest-full-moon-on-june-23-2013-a-supermoon

[fr33d0miz3r]

so, $180 in 7 business days?

[gizmoh]

so, $180 in 7 business days?

Maybe adam did have this info, that's why he was so confident. I'd see 130-150 range. As this news is fully digested, I expect some big sell walls before 120 to retreat.

[True___Blue]

LOL, I spent about $60k when word of this delay started to emerge last week. This is money I've been sitting on for over a month waiting for lower prices.

I suspect this is the only reason why the price went up to $113 recently - people who were paying attention knew something was wrong and decided to get out of Gox.

I expect to see lots of big BTC purchases very soon.

I agree. I also think many people will be a bit freaked out realizing that many BTC exchanges can do something like this or completely go under (e.g. bitfloor, bitcoin-24) and will be cashing out into fiat. I expect an inflation in price as people buy from Gox followed by a dip as people dump for fiat on other exchanges.

[Frozenlock]

You know the saying "buy the rumor, sell the news"?  

[bangersdad]

LOL, I spent about $60k when word of this delay started to emerge last week. This is money I've been sitting on for over a month waiting for lower prices.

I suspect this is the only reason why the price went up to $113 recently - people who were paying attention knew something was wrong and decided to get out of Gox.

I expect to see lots of big BTC purchases very soon.

I agree. I also think many people will be a bit freaked out realizing that many BTC exchanges can do something like this or completely go under (e.g. bitfloor, bitcoin-24) and will be cashing out into fiat. I expect an inflation in price as people buy from Gox followed by a dip as people dump for fiat on other exchanges.

+1

if gox is having these sort of problems and they must have a decent legal team then surely other exchanges are at risk of the same....im all in for this rally but i do expect a correction over weekend..

[ChartBuddy]

[esse83]

This is the perfect time for the "manipulator" to dump like crazy and buy back as price more than likely rise quite a bit when the US wakes up. Let see how far - if he does it - he can push the price down.