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

[yrtrnc]

thev wall is down,

[1714143031]

1714143031

[1714143031]

1714143031

[1714143031]

1714143031

[surfer43]

the end is near



650
wall
#btc-e

650 BROKEN!!! 

640 BROKEN!!!

[podyx]

 

[San1ty]

MY GOD, WALL IS DOWN....

[kehtolo]

Do you want the FUD version, or the truth??

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac


Gox uses custom software for it'S wallets. It's just that they made a mess of implementing it.

I am not personally concerned— at least not by any of the details here. MtGox's slow speed at resolving these sorts of issues and poor communications are not terribly inspiring. They seem to be horribly short staffed— but competent and trustworthy people in this space may be hard to find: The regulatory morass of that business is sure to make many steer clear.
The claims that the delays indicate insolvency strike me as just hysteria: the technical background doesn't support this conclusion, and there may be a bit of opportunism at play from people who want to manipulate the market too. Don't get me wrong: I have not seen their books: Gox may well have financial problems— though with their income its hard for me to see how— but if any problems like that exist they're not being indicated here.
Of course, none of this suggests anyone should be happy with the service MtGox has been providing, but our anger should at least be well informed.

[Rampion]

My transfer just hit Bitstamp.

Time to buy, guys!

[stompix]

650 STAMP WALL DOWN... NEXT STOP 600

You go first... sell all of your bitcoins.

[surfer43]

625

#btc-e

[HairyMaclairy]

the end is near



650
wall
#btc-e

650 BROKEN!!!  

640 BROKEN!!!

630 BROKEN !!! on stamp

This is fun

[kehtolo]

My transfer just hit Bitstamp.

Time to buy, guys!

If i were you, i'd wait.. closer to 400 is the trend line.. so we may see a dip below this, maybe not.

[hyphymikey]

Do you want the FUD version, or the truth??

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac


Gox uses custom software for it'S wallets. It's just that they made a mess of implementing it.

I am not personally concerned— at least not by any of the details here. MtGox's slow speed at resolving these sorts of issues and poor communications are not terribly inspiring. They seem to be horribly short staffed— but competent and trustworthy people in this space may be hard to find: The regulatory morass of that business is sure to make many steer clear.
The claims that the delays indicate insolvency strike me as just hysteria: the technical background doesn't support this conclusion, and there may be a bit of opportunism at play from people who want to manipulate the market too. Don't get me wrong: I have not seen their books: Gox may well have financial problems— though with their income its hard for me to see how— but if any problems like that exist they're not being indicated here.
Of course, none of this suggests anyone should be happy with the service MtGox has been providing, but our anger should at least be well informed.

Perception is the only thing that matters in the bitcoinosphere

[stompix]

My transfer just hit Bitstamp.

Time to buy, guys!

Didn't you hear that bitcoin is broken? Why are you willing to buy?
Everybody runnnnn )

[HairyMaclairy]

650 STAMP WALL DOWN... NEXT STOP 600

You go first... sell all of your bitcoins.

I sold all of my trading stash on the rally to 755 last night and set limit orders in 300s.  Maybe too greedy we shall see.

[podyx]

hmm, maybe should put low bids in case of flash crash

[TERA]

Guys... whats the realistic chances we get our fiat back from exchanges if the market collapses and there is bank run.

[Kj1]

remarkable how big the influence of gox still is.
It should have been abandoned long ago by all sensible users.  

[surfer43]

625

#btc-e

620
huge wall holding
last 20 transactions were sell
#btc-e

[podyx]

Do you want the FUD version, or the truth??

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac


Gox uses custom software for it'S wallets. It's just that they made a mess of implementing it.

I am not personally concerned— at least not by any of the details here. MtGox's slow speed at resolving these sorts of issues and poor communications are not terribly inspiring. They seem to be horribly short staffed— but competent and trustworthy people in this space may be hard to find: The regulatory morass of that business is sure to make many steer clear.
The claims that the delays indicate insolvency strike me as just hysteria: the technical background doesn't support this conclusion, and there may be a bit of opportunism at play from people who want to manipulate the market too. Don't get me wrong: I have not seen their books: Gox may well have financial problems— though with their income its hard for me to see how— but if any problems like that exist they're not being indicated here.
Of course, none of this suggests anyone should be happy with the service MtGox has been providing, but our anger should at least be well informed.

Perception is the only thing that matters in the bitcoinosphere

nobody gives a shit about the truth

hide yo wife and yo kids until this bear market is over  

[surfer43]

600 on btc-e

[stompix]

Guys... whats the realistic chances we get our fiat back from exchanges if the market collapses and there is bank run.

If you want to get your cash back from gox , probably close to 0.
If from bitstamp i think it's over 90%.