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

[kurious]

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.

Raise a ticket. Definitely - last time I got the transfer soon after it was allocated.

I have just raised another for my second lost transaction, today...

Jeez, Gox is bad - and it will crash it all if it pops

[Davyd05]

If one good things occurs over the next 3 days I hope its fee on huobi lol.

however I do like watching the crazy fireworks at times

[ChartBuddy]

Explanation

[billyjoeallen]

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.

So why couldn't Mark be selling Mt.Gox's own coins or even his own personal stash, arbing (transferring the fiat) to stamp or somewhere else and transferring the coins back to FtGox to sell again? He could basically steal all the fiat deposits left at Gox without ever running out of bitcoin. How else could they continue to operate? Who in their right mind in transferring fiat to Gox now? Even if you thought you could get fiat out, nobody would want to buy at those prices.

[dgarcia]

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.

This would be an act of desperation ;-)

But see it positive, until it arrives, you may have past 3 more bubbles and 3 more bubble bursts.

Enforced hodling  

[wpalczynski]

Hey Folks,

Could someone briefly outline why everyone is convinced the volume is being faked on Asian exchanges?  I'm not disagreeing and it makes sense I would just like to read about any proof or quasi-proof.

Cheers!

Thanks in advance.

[Walsoraj]

https://www.mtgox.com/press_release_20140114.html

Gox's most recent statement is awfully suspicious... Almost as if Mark knows he is under investigation for assisting Silk Road vendors.

Relevant: http://en.wikipedia.org/wiki/Ignorantia_juris_non_excusat

Good luck mark&gox.

*edit*

proudhon, can you confirm this?

[fonzie]

https://www.mtgox.com/press_release_20140114.html

Gox's most recent statement is awfully suspicious... Almost as if Mark knows he is under investigation for assisting Silk Road vendors.

Relevant: http://en.wikipedia.org/wiki/Ignorantia_juris_non_excusat

Good luck mark&gox.

Maybe a famous MtGox "employee" is about to be arrested soon for doing business with SR? Such things happen nowadays 
That would of course be very bullish for BTC

[dgarcia]

What's going on on BTC-E?

Walsoraj dumping Bitcoins for Dogecoins?

 

[JorgeStolfi]

Who in their right mind in transferring fiat to Gox now?

Unfortunately, many novice bitcoin owners will choose to sell their BTC at MtGOX because (a) it seems to offer the best price, by far; and (b) it is still cited in the news, blogs, and chart sites as one of the main exchanges. 

[Walsoraj]

https://www.mtgox.com/press_release_20140114.html

Gox's most recent statement is awfully suspicious... Almost as if Mark knows he is under investigation for assisting Silk Road vendors.

Relevant: http://en.wikipedia.org/wiki/Ignorantia_juris_non_excusat

Good luck mark&gox.

Maybe a famous MtGox "employee" is about to be arrested soon for doing business with SR? Such things happen nowadays 
That would of course be very bullish for BTC

By relevant, i mean Mark's most likely defense, which isn't a defense.  

[billyjoeallen]

https://www.mtgox.com/press_release_20140114.html

Gox's most recent statement is awfully suspicious... Almost as if Mark knows he is under investigation for assisting Silk Road vendors.

Relevant: http://en.wikipedia.org/wiki/Ignorantia_juris_non_excusat

Good luck mark&gox.

*edit*

proudhon, can you confirm this?

The response is corpus dilecti, which is the principle that there are two elements to every crime 1) the harm done by an actor and 2) the knowledge or willful ignorance that harm could be done by said action.  This is why insanity is a defense. or in Mark's case, stupidity.

[donut]

So um, guys, could someone please link one of those '4 charts on one page' pages? I'm interested in bitcoinwisdom-based, but others are cool too.

[KFR]

http://bitcointicker.co/combined/

[dgarcia]

So um, guys, could someone please link one of those '4 charts on one page' pages? I'm interested in bitcoinwisdom-based, but others are cool too.

http://hypron.net/bitcoinwisdom.html

[virtualfaqs]

https://www.mtgox.com/press_release_20140114.html

Gox's most recent statement is awfully suspicious... Almost as if Mark knows he is under investigation for assisting Silk Road vendors.

Relevant: http://en.wikipedia.org/wiki/Ignorantia_juris_non_excusat

Good luck mark&gox.

*edit*

proudhon, can you confirm this?

The response is corpus dilecti, which is the principle that there are two elements to every crime 1) the harm done by an actor and 2) the knowledge or willful ignorance that harm could be done by said action.  This is why insanity is a defense. or in Mark's case, stupidity.

Mtgox AML Policy - Money and BTC come in but never go out. 

Who in their right mind in transferring fiat to Gox now?

Unfortunately, many novice bitcoin owners will choose to sell their BTC at MtGOX because (a) it seems to offer the best price, by far; and (b) it is still cited in the news, blogs, and chart sites as one of the main exchanges. 

billy is referring to depositing fiat in Mtgox which is much worse than selling your BTC on Mtgox.

[billyjoeallen]

Who in their right mind in transferring fiat to Gox now?

Unfortunately, many novice bitcoin owners will choose to sell their BTC at MtGOX because (a) it seems to offer the best price, by far; and (b) it is still cited in the news, blogs, and chart sites as one of the main exchanges. 

read more carefully. Many would-be arbitragers have sent bitcoin to gox, but nobody would send or is sending USD or fiat to Gox. All it takes is ONE arbitrager to drain the entire fiat account totals left on Gox  by selling bitcoin there, transferring the fiat to another exchange, buying bitcoin on the other exchange at lower prices, transferring the bitcoin back to Gox to sell at higher prices, rinse and repeat. Everyone including me is buying bitcoin at whatever price we can get to transfer to another exchange and sell there to cut our losses.

[TERA]

Bulls made a valiant effort today with that freakish low-volume spike to $810 but could not prevent the confirmed downtrend.

[dgarcia]

Bulls made a valiant effort today with that freakish low-volume spike to $810 but could not prevent the confirmed downtrend.

It's already confirmed serveral times, that you'll miss the train with your bearish FUDs.

[proudhon]

Bulls made a valiant effort today with that freakish low-volume spike to $810 but could not prevent the confirmed downtrend.

This was already confirmed, no surprise.  The crash continues as confirmed.