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

[surfer43]

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.

That sounds ignorant.

[windjc]

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.

Welcome to my ignore list.

Edit: oh, wrong person.

[Davyd05]

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.

maybe their capital controls are different then other countries

[ChartBuddy]

Explanation

[medialab101]

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.

They can't hear you... I imagine...

I wonder if there is anyone Shrooms hasn't put on ignore yet

[fonzie]

Fair Warning for all bulltards and optimists.
GET PUT ASAP, this might be your last chance: The amount of broken tx has doubled in the last hour.......

Ouch, some serious money is held up here. I thought my 30 BTC was a lot (5 days now...). 1100 BTC? Wow.

I think he meant 1100$.

From the looks of the following website, which I guess every MtGox client whose transaction hasn't appeared on the blockchain yet has been closely monitoring (http://skanner.net/MtGox/mtgox_tx.php), one could make two comments:
-Big transactions (50-200BTC) have an estimated transaction size much bigger than small transactions (0.xxxBTC), although this prioritization only happened lately
-Transactions are slowly being processed (personally my transaction had a size of 956 on Mon.-Tues., now this value is getting smaller and smaller).

Here (http://thegoxreport.com/) you can see that the number of daily failed TXs have dropped by 300 (out of 1000+ transactions = 30% decrease) in the past hours.

actually, I think he did mean 1100 BTC.   

That said, the number of broken TX just DOUBLED in the last hour!!!!!!!  It was down to around 800, but has now jumped to 1700!  Things just got very VERY serious.

75% of my coin worth is currently stuck in limbo, and even their manual rebroadcast of my coins failed AGAIN early this morning.

get out the pitchforks, boys... we're about to go to war.

EDIT:  thegoxreport.com is broken, so the true count is no longer on Dizko's charts there.  You have to use skanner.net to see the current broken TX!

[creekbore]

Has anyone had success moving GBP out of Gox lately?

And does anyone know if Gox (in theory) allows transfers directly to other exchanges?

BTW please don't flame me Walsoraj et al...I know Gox is rubbish, Mark is useless etc.  But any sane advice would be greatly appreciated.

[adamstgBit]

825  in <12 hours 

[solex]

I've stuck an order in the $600s for the humungous flash crash if/when mtgox finally turns turtle.

I put a withdrawal for 6.25 BTC 6 hours ago nothing on the block chain or anywhere.

The number of broken BTC withdrawal TX just hit 1700.

this is very very bad, folks....

[billyjoeallen]

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.

maybe their capital controls are different then other countries

That's not it. It's obvious U.S. banks are reluctant to deal with Gox, but there's probably more to the story. I think it's likely that the Feds in the U.S. are leaning on Mark to reveal his entire customer database so that they can systematically track down every silk road customer and merchant with a digital paper trail. Every MtGox customer who used the silk road without tumbling their funds through a bitcoin mixer are possibly going to get tracked down. The Feds want to seize the MtGox funds of Silk Road users, but until they know for sure who they are, they are preventing any U.S. withdrawals of fiat. They probably want to freeze the whole exchange to catch these people, but the Japanese government won't let them for national sovereignty reasons. So the Feds stop at the farthest point they can control, the wire xfers to U.S. Banks.  

Just a theory.

[JorgeStolfi]

The Feds want to seize the MtGox funds of Silk Road users

They already did that, didn't they?  http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

In any case, MtGOX is a Japanese company, so transferring Yen to Japanese banks is obviously much easier and faster than sending them to other countries.

For the same reason, they can be sued by a wronged Japanese client in Japan far more easily and cheaply than by a foreigner located in another country.

[aminorex]

maybe their capital controls are different then other countries

that's racist

[medialab101]

The Feds want to seize the MtGox funds of Silk Road users

They already did that, didn't they?  http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

In any case, MtGOX is a Japanese company, so transferring Yen to Japanese banks is obviously much easier and faster than sending them to other countries.

For the same reason, they can be sued by a wronged Japanese client in Japan far more easily and cheaply than by a foreigner located in another country.

If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.

[YoYa]

Spread reducing... Market seems to be calming on news of btc transfers being repaired. But I don't think gox's business will recover for a long time after.

Been too long since we saw this....

[fonzie]

Spread reducing... Market seems to be calming on news of btc transfers being repaired. But I don't think gox's business will recover for a long time after.

Been too long since we saw this....

That said, the number of broken TX just DOUBLED in the last hour!!!!!!!  It was down to around 800, but has now jumped to 1700!  Things just got very VERY serious.

75% of my coin worth is currently stuck in limbo, and even their manual rebroadcast of my coins failed AGAIN early this morning.

get out the pitchforks, boys... we're about to go to war.

EDIT:  thegoxreport.com is broken, so the true count is no longer on Dizko's charts there.  You have to use skanner.net(http://skanner.net/MtGox/mtgox_tx.php) to see the current broken TX!

[billyjoeallen]

The Feds want to seize the MtGox funds of Silk Road users

They already did that, didn't they?  http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

In any case, MtGOX is a Japanese company, so transferring Yen to Japanese banks is obviously much easier and faster than sending them to other countries.

For the same reason, they can be sued by a wronged Japanese client in Japan far more easily and cheaply than by a foreigner located in another country.

yes and no. They seized those funds under the pretext that Mt. Gox didn't register as a licensed money transmitter even though there was no clear guidance that such a license was necessary at the time. The real reason was I believe because they wanted to put the squeeze on Mark to pressure him to aid in their Silk Road investigation.  These kinds of ham-fisted police tactics are common and it's we, the honest law-abiding users who get caught in the crossfire.

[fonzie]

It seems that Gox is trying to  prevent the information about the actual amount of broken TX gettin published, as both info sites - http://skanner.net/MtGox/mtgox_tx.php and http://thegoxreport.com/ don´t work anymore. Could be a  coincidence of course .  

[JorgeStolfi]

If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.

Is that even possible? Here in Brazil at least, one cannot sue someone for damages done to a third person.  I bet that there is a Latin term for that...

[YoYa]

Yeah, yeah chicken little, what is all your flapping going to change?

[medialab101]

If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.

Is that even possible? Here in Brazil at least, one cannot sue someone for damages done to a third person.  I bet that there is a Latin term for that...

I just withdrew ¥JPY to my Japanese bank today... let's see how many weeks it takes to get there. I soon expect to be a victim...