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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26405249 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
adamstgBit
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February 07, 2014, 10:01:52 PM
 #84361

I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.


People are having large amounts of coins returned to their accounts - the coins that were stuck in withdrawal. They have ceased all btc withdrawals but it is still possible to withdraw fiat - what would you do?

but you can't withdraw fiat

at least thats what i keep hearing....
ChartBuddy
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February 07, 2014, 10:02:24 PM
 #84362


Explanation
giletto
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February 07, 2014, 10:02:36 PM
 #84363

If "the oldest and once largest" Bitcoin exchange were to fold, hundreds if not thousands of people would probably lose tens of millions of dollars.

Learn to math.
1K x 10M = 10B = more than the value of all bitcoin.
Is your claim that gox has all the coins?
Not EACH of the thousands people lose 10M dollars, all together will. Classical selfown...
JorgeStolfi
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February 07, 2014, 10:03:51 PM
 #84364

If "the oldest and once largest" Bitcoin exchange were to fold, hundreds if not thousands of people would probably lose tens of millions of dollars.

Learn to math.
1K x 10M = 10B = more than the value of all bitcoin.

Tens of millions of dollars in total.

According to this article,

http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

the failed/stuck coin withdrawals alone, at that time, amounted to about 38 million US$; and the author claims to have "a six-figure amount" locked up there. 

Does anyone have an estimate for the total current balance of all Mt.GOX accounts, in USD and in coins? 
seriouscoin
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February 07, 2014, 10:05:41 PM
 #84365

I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.

and not only gox, you've got the Second market CEO announcing a buy/sell offers for a min of 25BTC, is it a last cry to save the price from tanking which can result in a huge loss for their earlier purchased bitcoins ? or is it a try to Buy even more bitcoins at these prices without going through exchanges to not bring the price back up, both are valid scenarios to consider at the moment but which one is closer to what is really happening.




but in general there is allot of things happening around Bitcoin the last month or so, it is like the last ground cleaning before something! I recall the senate a month ago talking to bloomberg about announcing/issuing (to be more accurate) a statement about bitcoin in the next couple of month (maybe this month), so I am really curious about what will it be and if all the action of arresting and FINCEN issuing more documents about bitcoin and the New York hearing and the invitation from Council on Foreign Relations to Gavin Andresen and many other things that I maybe forgot to mention, are just to complete or to prepare for a big thing that will be in the next few months...   

allot of things happening and I have no Idea of what to assume...

Secondmarket does not buy/sell bitcoins, they just let ppl trade among themselves.

Its a first step to become a real exchange. I cant wait for a real exchange to be developed now. BTC-E is just as bad as mtGox btw. Check serviceDiscussion forums and you will see. We dont have a legit exchange right now.
kwest
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February 07, 2014, 10:06:38 PM
 #84366

The SecondMarket trust is set to become liquid no later than March 2014 as well.
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February 07, 2014, 10:07:46 PM
 #84367

I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.


People are having large amounts of coins returned to their accounts - the coins that were stuck in withdrawal. They have ceased all btc withdrawals but it is still possible to withdraw fiat - what would you do?

but you can't withdraw fiat

at least thats what i keep hearing....

From what I hear its only eur and usd withdrawals that are delayed (note delayed, not ceased), the Japanese have been able to withdraw with no problem the whole time.

Also if Gox do go under it's far better to be making a claim through the courts for fiat than it is with bitcoin, which could be near impossible depending on the legality in your country.

Anyway, I'm no expert, was just trying to explain why it could cause the dumps.
mellowyellow
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February 07, 2014, 10:09:09 PM
 #84368

We dont have a legit exchange right now.


Bitstamp is doing fine.
manfred
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February 07, 2014, 10:09:41 PM
 #84369

I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.

and not only gox, you've got the Second market CEO announcing a buy/sell offers for a min of 25BTC, is it a last cry to save the price from tanking which can result in a huge loss for their earlier purchased bitcoins ? or is it a try to Buy even more bitcoins at these prices without going through exchanges to not bring the price back up, both are valid scenarios to consider at the moment but which one is closer to what is really happening.




but in general there is allot of things happening around Bitcoin the last month or so, it is like the last ground cleaning before something! I recall the senate a month ago talking to bloomberg about announcing/issuing (to be more accurate) a statement about bitcoin in the next couple of month (maybe this month), so I am really curious about what will it be and if all the action of arresting and FINCEN issuing more documents about bitcoin and the New York hearing and the invitation from Council on Foreign Relations to Gavin Andresen and many other things that I maybe forgot to mention, are just to complete or to prepare for a big thing that will be in the next few months...   

allot of things happening and I have no Idea of what to assume...


Secondmarket does not buy/sell bitcoins, they just let ppl trade among themselves.

Its a first step to become a real exchange. I cant wait for a real exchange to be developed now. BTC-E is just as bad as mtGox btw. Check serviceDiscussion forums and you will see. We dont have a legit exchange right now.

Well there are lots Bitstamp and Kraken to start with
seriouscoin
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February 07, 2014, 10:10:16 PM
 #84370

I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.


People are having large amounts of coins returned to their accounts - the coins that were stuck in withdrawal. They have ceased all btc withdrawals but it is still possible to withdraw fiat - what would you do?

but you can't withdraw fiat

at least thats what i keep hearing....

From what I hear its only eur and usd withdrawals that are delayed (note delayed, not ceased), the Japanese have been able to withdraw with no problem the whole time.

Also if Gox do go under it's far better to be making a claim through the courts for fiat than it is with bitcoin, which could be near impossible depending on the legality in your country.

Anyway, I'm no expert, was just trying to explain why it could cause the dumps.

BS, go do more research again.
mellowyellow
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February 07, 2014, 10:13:26 PM
 #84371



BS, go do more research again.


Same to you. I'm not really bothered, I have nothing in Gox, forgot how emotional everyone is around here. No facts just FUD and who can shout loudest.
mah87
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February 07, 2014, 10:18:34 PM
 #84372



BS, go do more research again.


Same to you. I'm not really bothered, I have nothing in Gox, forgot how emotional everyone is around here. No facts just FUD and who can shout loudest.

DON'T YOU GET IT Huh?? IT'S CRASHING !! BITCOIN IS THE FIRST VIRTUAL CURRENCY AND WILL FAIL !!

DO YOU HEAR ME Huh

FAIL !!
BitChick
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February 07, 2014, 10:20:54 PM
 #84373

In times like these let us visit this page and take a deep breath and  remember why we need to hodl.   Grin

http://bildr.no/view/ZFowYlNi
arklan
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February 07, 2014, 10:22:11 PM
 #84374

Am I seeing this right? Gox lower than stamp?
fonzie
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February 07, 2014, 10:22:48 PM
 #84375

Am I seeing this right? Gox lower than stamp?

U know what´s about to happen next!
arklan
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February 07, 2014, 10:23:41 PM
 #84376

Am I seeing this right? Gox lower than stamp?

U know what´s about to happen next!

I can honestly say I do not. Not the slightest idea.
fonzie
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February 07, 2014, 10:24:37 PM
 #84377

Same thing that happened yesterday! CRASH CRASH CRASH  Cheesy Cheesy Cheesy
empowering
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February 07, 2014, 10:38:35 PM
 #84378



BS, go do more research again.


Same to you. I'm not really bothered, I have nothing in Gox, forgot how emotional everyone is around here. No facts just FUD and who can shout loudest.

DON'T YOU GET IT Huh?? IT'S CRASHING !! BITCOIN. IS THE FIRST VIRTUAL CURRENCY AND WILL FAIL !!

DO YOU HEAR ME Huh

FAIL !!  MOON


really it is going to fail.... will tcp/ip and http fail at the same time? this could be worrying... I need to get prepared....

sublime5447
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February 07, 2014, 10:41:36 PM
 #84379



BS, go do more research again.


Same to you. I'm not really bothered, I have nothing in Gox, forgot how emotional everyone is around here. No facts just FUD and who can shout loudest.

DON'T YOU GET IT Huh?? IT'S CRASHING !! BITCOIN IS THE FIRST VIRTUAL CURRENCY AND WILL FAIL !!

DO YOU HEAR ME Huh

FAIL !!

Are you being serious? 
Mythul
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February 07, 2014, 10:48:06 PM
 #84380

New FUD on the line: FBI got the Gox BTC while investigating their connection to the Silk Road.
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