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

[smiley123]

Bitfinex orderbook is wonky.  I'm showing highest bid $10,000 and lowest ask at $500 both with qty 0.

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[keithers]

NEWS FLASH: Apparently Apple pulled the Blockchain.info wallet app for iPhone/iPad from the AppStore.  

http://blog.blockchain.info/2014/02/06/blockchain-response-to-apple/

fuck apple, never buy anything from them and short their stock

fuck apple

Bitcoin bounty on epic Apple website/device hack?

Stop blaming Apple for the shortcomings of the bitcoin market!
Apple just wants to earn some $ and sell shiny telephones. Apple approves of Bitcoin in heart, because Apple also has a lot of support from cultish behavior and Apple has no problem with that.
Apple is just sad that if Apple won't remove blockchain.info app, then Ivan and Li Wei could threaten legal actions against their sales of shiny telephones. Apple is sorry, but Ivan and Li Wei bring Apple more $ then the ones that are loyal to bitcoin. Apple needs their $ to build even shinier telephones! Apple still hopes that they can be friends with bitcoin and is sorry that everything had to end like that.

you can still get the full blockchain.info app on Cydia if you have a jailbroken iphone.   I think it sucks that they removed blockchain.info from the app store, but that doesn't change the fact that they still have the easiest phone to operate.  They are all about the profits, and if something would cause smaller profits to them, of course they are going to take action to remove it...

[billyjoeallen]

That's it? Toothless bears can't move the price more than 2.5%? That's the problem with slinging FUD; Diminishing returns.  

[MANofthePEOPLE]

How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

[bassclef]

Altcoins are much better way to increase number of BTC than btc vs fiat trading.

When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.

Alt speculation is easier said than done. There are like 5-10 new altcoins per day so it's like watching a spinning roulette wheel. I have a little 3Mh/s scrypt rig (also serves as my office space heater) so I've been mining and playing with alts... between the greed, FUD, and pump & dumps I can't tell what's what. Everyone wants to be the next Satoshi.

[shmadz]

As amusing as that is, perhaps it also serves as a subtle reminder that if 'these types of people' really wanted to nail Bitcoin, it would so so easy for them to do it.

Ah Mat, perhaps a subtle reminder that it will not be so easy to simply "nail" bitcoin. In its core design it is uncontrollable. A world without bitcoin *or something like it* will be a world without freedom. The price can do what it wants, but in the long term, this whole thing comes down to a binary outcome.

[solex]

How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

Not only are Gox bux worth less than fed bux, but now gox btc is worth less than blockchain btc.
So diff closes.

[MANofthePEOPLE]

How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

Not only are Gox bux worth less than fed bux, but now gox btc is worth less than blockchain btc.
So diff closes.

Yes, but what changed today? From what I've gathered it's been useless for quite some time now.

[virtualfaqs]

How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

Not only are Gox bux worth less than fed bux, but now gox btc is worth less than blockchain btc.
So diff closes.

Yes, but what changed today? From what I've gathered it's been useless for quite some time now.

I finally got my USD withdrawal and been arbitraging with everyone else.

[BCbitcoin]

I finally got my USD withdrawal and been arbitraging with everyone else.

You got usd out processed? or a credit to your gox account?

[BitcoinAshley]

How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

Not only are Gox bux worth less than fed bux, but now gox btc is worth less than blockchain btc.
So diff closes.

Yes, but what changed today? From what I've gathered it's been useless for quite some time now.

Well, confirmed bad newses take a while to have an effect on price. 

[Peter R]

I finally got my USD withdrawal and been arbitraging with everyone else.

Did you actually get USD for Gox today?

The reasons I'm doubtful of the "working Gox arbitrage" theory is (a) the drop was precipitated by a large market sell order on BitSamp (JorgeStoffi confirmed this several pages back), and (b) would we not expect to see a rise in the price on the non-Gox exchanges caused by people re-buying the coins they're selling on Gox?

[seleme]

Altcoins are much better way to increase number of BTC than btc vs fiat trading.

When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.

Alt speculation is easier said than done. There are like 5-10 new altcoins per day so it's like watching a spinning roulette wheel. I have a little 3Mh/s scrypt rig (also serves as my office space heater) so I've been mining and playing with alts... between the greed, FUD, and pump & dumps I can't tell what's what. Everyone wants to be the next Satoshi.

Yeah, it's getting out of control now. But there are still ways to do it... some alts are heavily hyped before they start and that's option 1 to mine or buy on the beginning. Option 2 is to watch the market and catch pumps. Option 3 to try to stay informed, many alts have lot of pompous announcements that are basicly shit but still move the price up.

BTW, when we're on alts, I lost count on how many exchanges I have funds, I'll probably forgot some bitcoins somewhere, lol, should start to write them on some paper.

[ShroomsKit]

Please, everybody who has been waiting for weeks to omg panic sell just do it now. Get it out of your system! Now is the time to get rid of your coins. Just sell them and don't look back so the rest of us can move on.
You can do it.

[pdawg]

[Sitarow]

[virtualfaqs]

I finally got my USD withdrawal and been arbitraging with everyone else.

Did you actually get USD for Gox today?

The reasons I'm doubtful of the "working Gox arbitrage" theory is (a) the drop was precipitated by a large market sell order on BitSamp (JorgeStoffi confirmed this several pages back), and (b) would we not expect to see a rise in the price on the non-Gox exchanges caused by people re-buying the coins they're selling on Gox?

I'm just fucking with you guys! 

[pdawg]

Bigger Picture....

[Protagonus]

hrmm for gox I had points at 880-870-860.......next is 804.83  

couldn't get there though  

805 point was hit.
Next points I have is 787 , 770, 749 , 741, 715
749-741 could be bounce point
715 breaks, next is 632

(missed the 830 point call earlier, as I missed looking)

Edit:  upward rebound / stop points should be valid still also, if a reversal: 830, 860, 870, 880

[nanobrain]

Well, I'm not going to be arrogant enough to say what is happening, nor stupid enough to speculate but something sure has happened: spread between Gox and Stamp now down to USD40.

Reality bites.