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

[ChartBuddy]

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[samson]

Gox always finds a way to derail the biggest rallies.

This is true - the crashes of April would not have went anywhere near so low if the MtGox trading engine didn't lag behind for up to an hour when it was really busy - when a few whales dumped their coins.

When this finally crashes if it stays above $100 or even $150 as the new bottom then it will be quite an improvement over April.

[cdb000]

FUD. Tried it for myself. Withdrawl from gox took less then a minute.

A few days ago I had a 100 BTC withdrawal from Gox delayed by about 40 hours.
I currently have 3 BTC withdrawals in GoxLimbo at the moment, 100, 51 and 49 BTC.
Not that I am particularly bothered by delays as I am in the tedious process of moving all my BTC off Gox to keep in my own cold storage, but it doesn't inspire much confidence.

[samson]

Somebody is trolling...

[16:37:47] <chaang-noi> is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue.  The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue

who run out of what now?  

lol  

The entire world, collectively, is now getting gox'd.

FUD. Tried it for myself. Withdrawl from gox took less then a minute.

I'm still waiting for a withdrawal from last night, it's a real problem. It's just not affecting ALL withdrawals, only ones mixed with the newly minted coins.

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

lol

[samson]

So if you have a BTC withdrawal that can't be processed for days what will you do if everyone starts dumping massive amounts of coin ?

You can't cancel a withdrawal can you ?

[adnanabbas]

I want to place a quick trade on binary options for BTC/USD atm it is 296.5000. Do you think it will go higher by tomorrow? was looking to put 1k

[gambitv]

Gox always finds a way to derail the biggest rallies.

This is true - the crashes of April would not have went anywhere near so low if the MtGox trading engine didn't lag behind for up to an hour when it was really busy - when a few whales dumped their coins.

When this finally crashes if it stays above $100 or even $150 as the new bottom then it will be quite an improvement over April.

I noticed this going the other way. When we touched on 320, then back down to 315. I had a small sell at 318. Checked my history, my sell was still there. So I think the api that i286 is using was giving wrong info during that hectic run up recently on Gox.

So something to be prepared for I guess. Unless you are a true believer and in it till it breaks $10,000.

Edit: info not into.

[mb300sd]

back to 304.81!

308!

310. Time for another beer.

311! Have another beer  

He will die from alcohol poisoning if we don't stop him.

No worries, I pounded a 24 pack of bud lights on top of keg stands at the tailgate last weekend... blacked out before halftime, but whatever

[theonewhowaskazu]

I want to place a quick trade on binary options for BTC/USD atm it is 296.5000. Do you think it will go higher by tomorrow? was looking to put 1k

I actually can take you up on this. I have a history with Binaries, see this thread:

https://bitcointalk.org/index.php?topic=312562.0

Why it was moved was weird and random.

[gambitv]

So if you have a BTC withdrawal that can't be processed for days what will you do if everyone starts dumping massive amounts of coin ?

You can't cancel a withdrawal can you ?

Live with coins that are expensive. But history so far has proven it is only temporary, and you still got them at a bargain.

[justusranvier]

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

It doesn't matter what you do with your bitcoins.

All the bitcoins that get deposited into Mt Gox get dumped into a single pile.

Some of the coins are dumped in there by miners, whose coins can not be spent until 100 blocks after they were mined.

Some of the coins are only spendable if a Mt Gox employee grabs the private key out of safe or something.

The software Mt Gox uses to choose which coins to spend when customers want to withdraw bitcoins is apparently suboptimal.

If their software tries to spend a coin which has not matured (>100 blocks since being mined), the entire transaction ends up in limbo.

Another possible problem is that some transactions end up with too many inputs with an insufficient fee the transaction also ends up in limbo.

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

[jojo69]

Somebody is trolling...

[16:37:47] <chaang-noi> is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue.  The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue

 

Mark and Gox has a special place in my heart.

Reporting me to the police for being a "terrorist" is something I will never forget.    

Why did they do that? what happened?

In 2011 Mark thought I was a "terrorist and or money launder" he reported me to the police and said so on thie forum in public and via e-mail.


the dumbass got his paper work mixed up when i sent my shit in for AML cuz he locked my funds randomly.

He truly is a fuck tard.

either you're with us or you're with the terrorists

[crazy_rabbit]

FUD. Tried it for myself. Withdrawl from gox took less then a minute.

A few days ago I had a 100 BTC withdrawal from Gox delayed by about 40 hours.
I currently have 3 BTC withdrawals in GoxLimbo at the moment, 100, 51 and 49 BTC.
Not that I am particularly bothered by delays as I am in the tedious process of moving all my BTC off Gox to keep in my own cold storage, but it doesn't inspire much confidence.

I actually always break up my moves into smaller chunks. Dunno if that would have helped.

[Sitarow]

[neutrinox]

I just withdrew small a small amount without problems from Gox. Took about 2min.

[Loaded]

Who had fun last night?

[jojo69]

http://www.zerohedge.com/news/2013-11-07/bitcoin-soars-over-300-question-arises-could-it-become-global-reserve-currency

[adamstgBit]

https://bitcointalk.org/index.php?topic=326513.0

[adamstgBit]

[DougTanner]

This might be the correction.