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

[dgarcia]

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.

OMFG! I forgot about Proudhorn.

Now we have opposed confirmed news.

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[TERA]

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.

This is the first time that 2 candles have closed under the MA.

[billyjoeallen]

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

Nope. I sold at $800 to reload in case bears wanted to give me more coins. I'm prolly gonna get bit eventually for trading this churn, but I'll never lose money, jst end up with too many dollars and not enough coin. Too many dollars. So sad. maybe I'll cry.  Good thing I got that cold wallet to cheer me up.

[TERA]

I didn't know that "FUD" applied to TA. I thought it was about information and events?

[fonzie]

I didn't know that "FUD" applied to TA. I thought it was about information and events?

Every single bearish or non-bullish comment or so called "analysis" is obvious FUD. Confirmed.

[dgarcia]

I didn't know that "FUD" applied to TA. I thought it was about information and events?

Every single bearish or non-bullish comment or so called "analysis" is obvious FUD. Confirmed.

Confirmed.

[virtualfaqs]

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.

What? You're saying someone would market order dump BTC at that outrageous price and get stuck with Mtgox fiat. If that was going to happen, it would have happened long ago. That doesn't make any sense. You can't transfer Mtgox fiat to another exchange easily. Mtgox has no problem getting fiat. It has BTC which they can sell.

[fonzie]

I just wanted to leave this here. Fresh from the service discussion:

I had 10- 100 BTC withdrawals sent last Wednesday, 0 of which arrived and are stuck. (It's been 6 days)

I had 2- 100 BTC withdrawals sent last Sunday.  1 arrived immediately, 1 got stuck.

Note:  This same thing happened to me around Nov. 27, 2013 (double spent coins) and 6 days later they showed up.

I'm out 1100.  I'm managing coins for a bunch of people as a favor.  OUCH.  PLEASE MT GOX COME THROUGH!  How can they be short of BTC with all the commission we give them.  They are a recommended exchange through the foundation

[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.

What? You're saying someone would market order dump BTC at that outrageous price and get stuck with Mtgox fiat. If that was going to happen, it would have happened long ago. That doesn't make any sense. You can't transfer Mtgox fiat to another exchange easily. Mtgox has no problem getting fiat. It has BTC which they can sell.

Geez, c'mon. Pay attention. I can't get fiat out of Gox. You can't get fiat out of Gox, but if ONE PERSON can get fiat out of Gox, they can get ALL the fiat out of Gox.

[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.

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  

Yep, I said it yesterday... with all luck I had in my Bitcoin journey I wouldn't be surprised if these coins arrive when Bitcoin is million dollars piece and I sold all my coins long time ago

[virtualfaqs]

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.

What? You're saying someone would market order dump BTC at that outrageous price and get stuck with Mtgox fiat. If that was going to happen, it would have happened long ago. That doesn't make any sense. You can't transfer Mtgox fiat to another exchange easily. Mtgox has no problem getting fiat. It has BTC which they can sell.

Geez, c'mon. Pay attention. I can't get fiat out of Gox. You can't get fiat out of Gox, but if ONE PERSON can get fiat out of Gox, they can get ALL the fiat out of Gox.

There are people who can get fiat out of Gox - Japanese. But it's not consistent enough to do any major arbitrage unless yesterday was what was happening.

[JorgeStolfi]

[MtGOX is] a recommended exchange through the foundation

Indeed, but MtGOX's CEO is one of the 6 board members of the Foundation:

https://bitcoinfoundation.org/about/board

Novice bitcoiners probably will not be aware of that...

(Two days ago Charlie Shrem was second on that page, IIRC. )

[billyjoeallen]

There are people who can get fiat out of Gox - Japanese. But it's not consistent enough to do any major arbitrage unless yesterday was what was happening.

really? Name one. One fucking person who has had a successful fiat withdrawal this year. Cuz that bastard's got my money.

[ShroomsKit]

I didn't know that "FUD" applied to TA. I thought it was about information and events?

Every single bearish or non-bullish comment or so called "analysis" is obvious FUD. Confirmed.

Confirmed.

Welcome to my ignore list.

[Frankie]

There are people who can get fiat out of Gox - Japanese. But it's not consistent enough to do any major arbitrage unless yesterday was what was happening.

really? Name one. One fucking person who has had a successful fiat withdrawal this year. Cuz that bastard's got my money.

Here are some, but even JPY is way backed up (which is not normal):
 

I am a Japan resident. Posted a withdrawal on the 5th of January, was in my account 9 business days later.

You can find me in the epic bitching thread saying as much.

Requested 1/7 withdraw processed today 1/28.   Waiting on a 1/10.

[billyjoeallen]

There are people who can get fiat out of Gox - Japanese. But it's not consistent enough to do any major arbitrage unless yesterday was what was happening.

really? Name one. One fucking person who has had a successful fiat withdrawal this year. Cuz that bastard's got my money.

Here are some, but even JPY is way backed up (which is not normal):
 

I am a Japan resident. Posted a withdrawal on the 5th of January, was in my account 9 business days later.

You can find me in the epic bitching thread saying as much.

Requested 1/7 withdraw processed today 1/28.   Waiting on a 1/10.

Thank you. That's informative. Perhaps it's the Japanese government who is facilitating this theft for the benefit of its citizens. If so, they are killing a golden goose.

[MAbtc]

I didn't know that "FUD" applied to TA. I thought it was about information and events?

Every single bearish or non-bullish comment or so called "analysis" is obvious FUD. Confirmed.

Confirmed.

Welcome to my ignore list.

Dude. You don't need to announce it every single time.

[JimboToronto]

Confirmed.

Welcome to my ignore list.

LOL Pathetic little confirmists can be really annoying, can't they?

I don't ignore them though because they're so brainless that in their stupidity, they post some of the most hilarious horseshit.

[Walsoraj]

Confirmed.

Welcome to my ignore list.

LOL Pathetic little confirmists ...
...

That sounds racist.

[JimboToronto]

Confirmed.

Welcome to my ignore list.

LOL Pathetic little confirmists ...
...

That sounds racist.

And possibly homophobic.