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

[aminorex]

Bank run = Buying BTC on Mtgox. As of yesterday, Mtgox had a 200 gap on other exchanges. Then it's dropped to 160 now. Why the sudden confidence in Mtgox if nothing's changed?

I'd get tired of paying $200 over market for btc pretty quickly.  I imagine whoever was taking the blockchain offramp either finished or got weary of having their pocket picked.

[mellowyellow]

http://nypost.com/2014/01/28/bitcoins-will-now-buy-you-a-lamborghini-college-courses/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow

Bitcoins will now buy you a Lamborghini, college courses

Funny... I bought a Lambo and I am doing my masters at that school in Cyprus, paid with BTC.   

Adopt me

Ha, the Goat house is getting full. My second son was born yesterday about this time. Both baby and Mother are happy and healthy.  

Congratulations!

[Davyd05]

Bank run = Buying BTC on Mtgox. As of yesterday, Mtgox had a 200 gap on other exchanges. Then it's dropped to 160 now. Why the sudden confidence in Mtgox if nothing's changed?

I'd get tired of paying $200 over market for btc pretty quickly.  I imagine whoever was taking the blockchain offramp either finished or got weary of having their pocket picked.

I am going to live in a world where it's like a countdown as gox and stamp come to a new origin point in which we set off for mercury from the moon.

[oda.krell]

Bitcointalk™ Where nerds believe that upholding politically correct male-female quality jargon and their bitcoin riches will one day get them laid.

15 years later....

Bitcointalk™ Where nerds who lost their bitcoin fortunes to their divorce settlement with their lusting ex-wives hang out and reminisce on the 'good ole days'.

What a bitter lonely little man you must be. Don't act all surprised, when all you do is fuck barflies, if it turns out they're not exactly Rosalind Franklin level intelligence wise.

It's kind of sad when you think about it... you had all the chances in the world to date women in your IQ range when you were at university.

Thinking about it some more, you probably didn't.

[billyjoeallen]

Bitcointalk™ Where nerds believe that upholding politically correct male-female quality jargon and their bitcoin riches will one day get them laid.

15 years later....

Bitcointalk™ Where nerds who lost their bitcoin fortunes to their divorce settlement with their lusting ex-wives hang out and reminisce on the 'good ole days'.

LOL. Lot of white knights here in for a rude awakening. It's not what you make, it's what you keep, Lads.

[Davyd05]

Bitcointalk™ Where nerds believe that upholding politically correct male-female quality jargon and their bitcoin riches will one day get them laid.

15 years later....

Bitcointalk™ Where nerds who lost their bitcoin fortunes to their divorce settlement with their lusting ex-wives hang out and reminisce on the 'good ole days'.

What a bitter lonely little man you must be. Don't act all surprised, when all you do is fuck barflies, if it turns out they're not exactly Rosalind Franklin level intelligence wise.

It's kind of sad when you think about it... you had all the chances in the world to date women in your IQ range when you were at university.

Thinking about it some more, you probably didn't.

+1

http://www.youtube.com/watch?feature=player_detailpage&v=6vwNcNOTVzY#t=121
I think the bitcoiners would be smart enough to pre nump their coins lol

[JorgeStolfi]

Wondering about that 0.1 bot at gox?

http://www.reddit.com/r/BitcoinMarkets/comments/1vkp9o/daily_discussion_sunday_january_19_2014/cetk51b

Most likely the volume is fake all over the place to keep the business afloat.

Hard to find fault with this analysis.  Is any exchange above suspicion in this regard?

I had conjectured a month ago that the purpose of the "ping-pong" robot at MtGOX was to give the appearance of an upward price trend on the charts when in fact there was no real trade for hours on end.

Some people point the finger at Huobi specifically, as if it was particularly suspect.  However,  a large legitimate volume is expected anyway from the large market and the absence of transaction fees.

Moreover, Huobi's volume changes with the hour of day as one would expect from a mostly human clientele that either sleeps at night (and turns off their robots), or lacks personal computers and can only access the site during daytime.

OKCoin's volume is smaller but not zero at night, Either half of their clients are outside China and/or have 24-hour internet access, or half of their volume is fake.

[donut]

Currently about 20000BTC are stuck in failed transactions from Gox, that nearly matches the remaining BTCleft on Mt. Gox askside.
[tinfoil hat on] Maybe they are already out of coins.[tinfoil hat off]

Look here about the missing withdrawls:
http://thegoxreport.com/

and the remaining asks on Gox
http://trading.i286.org/



BTW: The daily missing tx (18770)and the remaining(18870) match each other nearly exactly

I can confirm successful withdrawal of ~2 btc abour 7.5 hours ago.

[Patel]

Anyone know when 0.9 is gonna be released? Last I heard, it was rumored for early february. Definitely will be a increase in price after its released

[seleme]

Charlie Lee's house, this morning:

"Hey babe, wish me luck at the NY hearings - a whole panel and no-one from Bitcoin, just me - founder of Litecoin"

"OK honey - is that good?"

"Yep, I bet Litecoin will go to the moon.."*




*LTC down, he blew it.

As a large LTC holder I'm happy they saw that LTC is the silver to BTC's gold and wanted him there.

He is not a speaker and he does not have a foundation to back him up. (yet maybe)

Don't get me wrong - it's my second currency after BTC, I just think it was lukewarm and a bit woolly - missed opportunity, perhaps...

Agree. Maybe we should get a foundation going so we can send that right type of people. I will send him and e-mail in a couple of days and ask him what he thinks.

I'm pretty sure you claimed once to be a founder of Litecoin Foundation, you even opened a thread about it in alternative forums and suggested that foundation would make physical litecoins.

[billyjoeallen]

Bitcointalk™ Where nerds believe that upholding politically correct male-female quality jargon and their bitcoin riches will one day get them laid.

15 years later....

Bitcointalk™ Where nerds who lost their bitcoin fortunes to their divorce settlement with their lusting ex-wives hang out and reminisce on the 'good ole days'.

What a bitter lonely little man you must be. Don't act all surprised, when all you do is fuck barflies, if it turns out they're not exactly Rosalind Franklin level intelligence wise.

It's kind of sad when you think about it... you had all the chances in the world to date women in your IQ range when you were at university.

Thinking about it some more, you probably didn't.

I'd rather date a hot airhead than some fat ugly genius. Pretty sure most other guys would too. I get all the intellectual stimulation I need from men. You know, the people who discover almost everything, build almost everything, win almost all the nobel prizes, fields medals, etc. Women are far better equipped to stimulate in other ways.

[kurious]

I think you may have it backwards. The government, any government, is essentially an engine for driving money to the special interests. They do that through taxation and regulation to get distributed costs and concentrated benefits. Bankers may be a special interest group, but we are a more concentrated and therefore more special group. For bankers, it is far more cost effective to hedge against a bitcoin takeover by buying a small stake in it than it is to fight us with largely ineffective prohibitions and regulations. Most bankers who even know about bitcoin think it is a joke or a fad. The banksters who see it as a threat are not numerous enough to fight it and don't want to do it if their fellow bankers are going to free ride on their efforts. So they hedge and join us. The other bankers won't realize what a disruptive technology it is until it's too late. they are the Tower records and blockbuster video owners of the financial world.

I used to work in the music business - it was unreal how it resisted downloads, until it was too late and sank their entire business model.  

After fighting and slagging off Napster et al, Steve Jobs came along and took over 25% of the entire music business at a stroke - and it was game over.

They never saw it coming, refused to.  

Their business model is going to change regardless of whatever else they do. You can't uninvent new technology. If I was a bankster, I would try to pull a Steve Jobs (Steve Job?) using my existing market leverage while I still had it. The first bankster to break from the pack wins. Or they all lose and someone else just takes over their entire market. Bitcoin is coming. My bank closed today because of the weather. WTF?? the weather? seriously?

Bitcoin today is like the Internet before the World Wide Web. We don't even have our mass adoption app yet. We have email where we can message a few thousand other nerds.  Overstock, Coinbase and Bitfinex are like Usenet, telnet and gopher. Official approval is like when America Online, Compuserve and Prodigy opened their internet portals. Still waiting for our Mozilla Browser.

Agreed, to paraphrase a certain cigar-loving American politician... "It's the network, stupid"

I was once told an old story that the mayor of Chicago was being shown one of the first telephones in action.

He boldly announced "One day, every big city will have one of these"

I believe in the network of exchange being created - value and real tangible transactions of wealth being transferred effortlessly and for little cost.

It is massive, and Wall Street cannot buy shares in it - so it confuses them, perhaps that is why they are not 'in' like it has been expected.

Or maybe they don't even see what is happening....  

My hunch is the big financial industry is full of dinosaurs - too big and cumbersome to be nimble.  It would take them six months to even realise they had an erection.

[fonzie]

Currently about 20000BTC are stuck in failed transactions from Gox, that nearly matches the remaining BTCleft on Mt. Gox askside.
[tinfoil hat on] Maybe they are already out of coins.[tinfoil hat off]

Look here about the missing withdrawls:
http://thegoxreport.com/

and the remaining asks on Gox
http://trading.i286.org/



BTW: The daily missing tx (18770)and the remaining(18870) match each other nearly exactly

I can confirm successful withdrawal of ~2 btc abour 7.5 hours ago.

Almost all of the reported problems are from users that tried to withdrawl >=10 BTC

[seleme]

BTCe occasionally handles trade volume, across multiple cryptos, that would bring all other exchanges to a halt. Do any of you seriously believe their trade engine is that advanced?

Their trade engine is very good and it has been proved many times. Most recently in huge ltc rise in November when volume was giant and was easy for everyone to check it live.

[ElectricMucus]

In that regard I always like to post this.
http://nerdr.com/bitcoin-exchange-scam-bitcoins-are-worthless/

Haha, you wrote that email, didn't you, Mucus? It's okay to admit it now.

If I did that would feel like some accomplishment, so no.

[oda.krell]

It's really strange. The way it looks I get the impression mtgox is *really* about to implode, this time.

Then I remember I've been thinking that for about a year by now, and it never happened.

This exchange is like a goddamn zombie, I swear :D

[barbs]

Currently about 20000BTC are stuck in failed transactions from Gox, that nearly matches the remaining BTCleft on Mt. Gox askside.
[tinfoil hat on] Maybe they are already out of coins.[tinfoil hat off]

Look here about the missing withdrawls:
http://thegoxreport.com/

and the remaining asks on Gox
http://trading.i286.org/



BTW: The daily missing tx (18770)and the remaining(18870) match each other nearly exactly

I can confirm successful withdrawal of ~2 btc abour 7.5 hours ago.

Almost all of the reported problems are from users that tried to withdrawl >=10 BTC

Tried withdrawing my last 6.25 btc with them, nothing for the past 8 hours.

[seleme]

It's been some 55 hours since my 10.8 BTC withdrawal from Gox disappeared. I have no idea should I contact them or not.

[virtualfaqs]

Bank run = Buying BTC on Mtgox. As of yesterday, Mtgox had a 200 gap on other exchanges. Then it's dropped to 160 now. Why the sudden confidence in Mtgox if nothing's changed?

I'd get tired of paying $200 over market for btc pretty quickly.  I imagine whoever was taking the blockchain offramp either finished or got weary of having their pocket picked.

I am going to live in a world where it's like a countdown as gox and stamp come to a new origin point in which we set off for mercury from the moon.

That's why I left Mtgox. But in order to leave you have to increase the gap yourself or find a well-timed exit. Basically anyone who sold from 960 to 912 yesterday after the other 2 exchanges stopped dropping want to stay. But seeing as they orchestrated the dump, I can see why that is.

[aminorex]

Tried withdrawing my last 6.25 btc with them, nothing for the past 8 hours.

donut got the last two then.