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

[Phinnaeus Gage]

Okay, which guys used up all the Jergens^® I left here last night after yous read the following?: http://www.coindesk.com/wells-fargo-host-bitcoin-event-following-private-summit/

[samson]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

[Vigil]

Did the IRS or whatever return Gox's money yet? Didn't they seize accounts?

[fonzie]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

But will be fixed soon, right after Midas get´s online and Fiat withdrawls and LTC and you know. SOOOOON

[adamstgBit]

Did the IRS or whatever return Gox's money yet? Didn't they seize accounts?

I'd expect to hear about somthing like that

and i havnt heard anything...

[Erdogan]

Can anyone explain the $200 difference with Gox?

1. gox has something, god knows what, that make some people prefer it.

2. The fiat transfer system is ineffective, so ineffective that arbitrage in sufficient volume is not possible. This is a bullish pressure.

[UnDerDoG81]

Can anyone explain the $200 difference with Gox?

1. gox has something, god knows what, that make some people prefer it.

2. The fiat transfer system is ineffective, so ineffective that arbitrage in sufficient volume is not possible. This is a bullish pressure.

I also started @MtGox because I heared later from stamp and the others.

[seleme]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit.

[Aggrophobia]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit. Withdrawal made 2 minutes ago:

https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLg

Waiting now 50 minutes, withdrawal of 100BTC, transaction is still not in the blockchain...

[samson]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit. Withdrawal made 2 minutes ago:

https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLg

I did several withdrawals, here's the first one I tried :

Just over 1 hour ago txid : 5bd711d500bb7aeb53e897e13a9a1768688afa46ebd51bf40e866f4a7cb05b22

Not on blockchain

I wonder if it's something to do with the amount of Bitcoin, I withdrew 10 BTC on my first test and 11 on my second test.

Neither have been sent.

[seleme]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit. Withdrawal made 2 minutes ago:

https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLg

Waiting now 50 minutes, withdrawal of 100BTC, transaction is still not in the blockchain...

You're withdrawing too much

Things like that happen with all exchanges from time to time.

[adamstgBit]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit. Withdrawal made 2 minutes ago:

https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLg

Waiting now 50 minutes, withdrawal of 100BTC, transaction is still not in the blockchain...

You're withdrawing too much

Things like that happen with all exchanges from time to time.

ya they keep the bare min. on the hot wallet... probably let these bigger withdraw hang and pile up and then process them at the end of the day in a batch.

being entrusted with people's bitcoins is serious shit.

[samson]

The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

You can't withdraw BTC from MtGox at the moment, it's broken.

Bullshit. Withdrawal made 2 minutes ago:

https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLg

Waiting now 50 minutes, withdrawal of 100BTC, transaction is still not in the blockchain...

I heard there were issues with the withdrawals lately in IRC which is why I only made a couple of smaller tests, I'm waiting to move the rest but I won't do it until it's fixed.

FYI, here's a couple of links about withdraw problems at MtGox which have been going on for about a week now :

http://thegoxreport.com/

Transactions which haven't been processed : http://skanner.net/MtGox/mtgox_tx.php

They are not updated instantly and I believe they work off the MtGox feed of unprocessed transactions which is itself at least 2 hours behind.

[fluidjax]

If you have a failed BTC withdrawal from gox check here
http://skanner.net/MtGox/mtgox_tx.php

There are a number of reasons for the delays.
 I had a 6 day delay on a farily large withdrawal just after christmas, but in the end the transaction gets deliberately double spent and a new transaction is created.

Apparently it works more reliably if you keep withdrawals below 50btc.
Very annoying but BTC withdrawals do eventually get completed.

[Erdogan]

Can anyone explain the $200 difference with Gox?

Market analysis based on Elliot Wave Particle Duality Theory suggests that deltas over 10% typically are indicative of coming market failures.  I'm running calculations now in my Google spreadsheet to confirm.

wtf ....

This appears to be a benevolent form of trolling, but it is not. I know something that is going to happen on feb 14 that will prove it. Can't say, but it is called The Thing. Additionally, Proudhon was recommended self inflicted lobotomy, and he is considering it in this hour.

[seleme]

I had 8.5 BTC withdrawal from Gox 4-5 days ago, it went smooth too.

[bassclef]

Guys, Gox was "going under" six months ago, and six months before that.

Guess what? They're still here.

[Erdogan]

The fed total balance 4,097,914,  up 1,086,21 since last year. (millions of dollars)

http://www.federalreserve.gov/releases/h41/Current/

Chapter 8.

[samson]

Guys, Gox was "going under" six months ago, and six months before that.

Guess what? They're still here.

Yes they are but now you can only withdraw tiny amounts of Bitcoin

[Erdogan]

i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.

This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.

I am the only one with insider information. Can't say it all, but price is going up.