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

[Jozzaboy]

my lord, what an analysis for something that acts completely random
what a waste of work

Subjectively, i find this analysis interesting.
Objectively, i think at least we may show some respect for anybody is spending is time making analisys and posting it there.

+1

The work isn't really a problem. His efforts that he is willing to share for free are more interesting than Ardana's bitching.

[Rampion]

For once I liked the Gox statement. It looked almost professional, that's some good news

[klee]

Litecoin user affected! lol

[gizmoh]

For once I liked the Gox statement. It looked almost professional, that's some good news

So Gox did lie by saying its Api broken excuse. So now reason is bank can no longer their increasing swift request..

[oda.krell]

my lord, what an analysis for something that acts completely random
what a waste of work

If it's all random, why are you on this forum? It's by definition impossible to meaningfully discuss completely random processes.

[Jozzaboy]

Jeez, look at LTC go. What a jump.

[ft73]

Litecoin user affected! lol

I think btc-e trollbox is already erupting

[klee]

Karpeles will massively sell when it hits LTC/USD=3$

[ft73]

Karpeles will massively sell when it hits LTC/USD=3$

Now i'm seriously concerned.

[klee]

This LTC thing on MtGox...hmmmm...
Not bad idea to base it's model to more cryptos after the FinCEN all out attack on it, but something tells me they are doing games again for profit, who knows...

[GIANNAT]

Why sell at 3 when you can sell at 6?

[klee]

Why sell at 3 when you can sell at 6?

5 at most I see

[Richy_T]

I think most people at this point are speculators who don't *need* this cash day-to-day.  The panic is speculation driven, not cash flow driven.

They may not *need* the cash but they certainly feel they can make use of it otherwise they wouldn't be speculators. Liquidity is pretty essential for making money.

[TheKoziTwo]

How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...

GOX is doomed.  The sob stories are going to be classic, as millions evaporate to fund the retirement of Gox executives.

I wouldn't go that far but they certainly have lost a lot of customers and they were partly responsible for the big correction a few months ago.
You reap what you sow, so I think Gox will just lose market share. That is needed.
They have done a lot for BTC, being a leader is very difficult. At least they have been great with security.
It will be nice when the exchanges are more evenly distributed, % wise.

Didn't they lose everyone's password hashes recently? My friend had everything stolen.

If your "friend" did not use 2 step authentication he deserved it.

He did not deserve it. We all make mistakes.

I only found out about the password hashes from a post on here. All gox had to do was send out and email informing customers what had happened and to advise them to change their password.

I'm not just gox bashing for the hell of it, they are not that bad, but this could have been avoided.

All your friend had to do was read his e-mail I guess. They sent multiple e-mails regarding this...

"Dear Mt.Gox user,

Our database has been compromised, including your email. We are working on a
quick resolution and to begin with, your password has been disabled as a
security measure (and you will need to reset it to login again on Mt.Gox).

If you were using the same password on Mt.Gox and other places (email, etc),
you should change this password as soon as possible.

For more details, please see this:

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

The informations there will be updated as our investigation progresses.

Please accept our apologies for the troubles caused, and be certain we will do
everything we can to keep the funds entrusted with us as secure as possible.


The leaked data includes the following:

- Account number
- Account login
- Email address
- Encrypted password

While the password is encrypted, it is possible to bruteforce most passwords
with time, and it is likely bad people are working on this right now.


Any unauthorized access done to any account you own (email, mtgox, etc) should
be reported to the appropriate authorities in your country.


Thanks,
The Mt.Gox team"

i did not get that mail.. when was this?

Sun, Jun 19, 2011 at 11:48 PM
then a follow up received at:
Wed, Jun 22, 2011 at 7:38 AM

[wonkytonky]

How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...

GOX is doomed.  The sob stories are going to be classic, as millions evaporate to fund the retirement of Gox executives.

I wouldn't go that far but they certainly have lost a lot of customers and they were partly responsible for the big correction a few months ago.
You reap what you sow, so I think Gox will just lose market share. That is needed.
They have done a lot for BTC, being a leader is very difficult. At least they have been great with security.
It will be nice when the exchanges are more evenly distributed, % wise.

Didn't they lose everyone's password hashes recently? My friend had everything stolen.

If your "friend" did not use 2 step authentication he deserved it.

He did not deserve it. We all make mistakes.

I only found out about the password hashes from a post on here. All gox had to do was send out and email informing customers what had happened and to advise them to change their password.

I'm not just gox bashing for the hell of it, they are not that bad, but this could have been avoided.

All your friend had to do was read his e-mail I guess. They sent multiple e-mails regarding this...

"Dear Mt.Gox user,

Our database has been compromised, including your email. We are working on a
quick resolution and to begin with, your password has been disabled as a
security measure (and you will need to reset it to login again on Mt.Gox).

If you were using the same password on Mt.Gox and other places (email, etc),
you should change this password as soon as possible.

For more details, please see this:

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

The informations there will be updated as our investigation progresses.

Please accept our apologies for the troubles caused, and be certain we will do
everything we can to keep the funds entrusted with us as secure as possible.


The leaked data includes the following:

- Account number
- Account login
- Email address
- Encrypted password

While the password is encrypted, it is possible to bruteforce most passwords
with time, and it is likely bad people are working on this right now.


Any unauthorized access done to any account you own (email, mtgox, etc) should
be reported to the appropriate authorities in your country.


Thanks,
The Mt.Gox team"

i did not get that mail.. when was this?

Sun, Jun 19, 2011 at 11:48 PM
then a follow up received at:
Wed, Jun 22, 2011 at 7:38 AM

ho thanks    thats before my time ..

got free yubikey though  a week or 2 ago.   I was linking that to this

[adamstgBit]

this could be the answer to our parys

[crazy_rabbit]

A new cryptocurrency on GOX will likely make many people very excited.

[Abandon]

http://www.thegenesisblock.com/want-to-know-where-btc-prices-are-going-watch-usd/

Bitcoin overlayed with the USD Index:


https://www.tradingview.com/e/dqFoObff/#

[ShroomsKit]

All my bitcoins are back in cold storage. It was fun watching the price rise to 114 but I don't like how things are feeling right now. I'm mentally preparing for a price crash from spooked people (Not that I'm going to join in).

I just got online. What happened? I see it hit 115 and now we're back at 108 again with some ridiculous walls?
What stopped it from going to 120?

[fr33d0miz3r]

I just got online. What happened? I see it hit 115 and now we're back at 108 again with some ridiculous walls?
What stopped it from going to 120?

Maybe people are scared before the weekend?