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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26369656 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.)
Yololintian
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February 10, 2014, 11:53:56 AM
 #85461

Anyone know when bitfinex will start working again? Huh
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raid_n
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February 10, 2014, 11:54:58 AM
 #85462

This could be the biggest dip on the pure fud that we had yet. Maybe it could be avoided if Gox worded it better, but who knows, maybe it was intentional?

Now , you're starting to say some interesting things.

Who could have wished for a crash , and who could have profited from it the most , probably the ones who could create one and who are in so much shit to actually need a flash crash. gox?

The wording gox used was far from ideal and any non tech-savy person may interpret it incorrectly

A bold line stating that the underlying transaction security of bitcoin is not compromised would have helped to clarify things.
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February 10, 2014, 11:55:02 AM
 #85463

Haha, what happened while I was sleeping, who dumped?
Price on btc-e fell to 100 USD for a few seconds.
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February 10, 2014, 11:55:32 AM
 #85464

Haha, what happened while I was sleeping, who dumped?

hev2sell fast

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February 10, 2014, 12:00:26 PM
 #85465

Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...
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February 10, 2014, 12:01:54 PM
 #85466


Explanation
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February 10, 2014, 12:02:25 PM
 #85467

How come there's mtgox trade engine lag 45m but I still see trades that happened a few seconds ago?
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February 10, 2014, 12:03:52 PM
 #85468

Here we go, round two.
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish
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February 10, 2014, 12:04:45 PM
 #85469

On the positive side, bitcoin is sure as hell not boring anymore
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February 10, 2014, 12:05:37 PM
 #85470

Keep the long view in mind people. I've updated marvinrouge's excellent long-term chart here: https://www.tradingview.com/v/axBQoCTa/

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February 10, 2014, 12:06:21 PM
 #85471

Here we go, round two.
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish

nah, just a typical people scared/taking profits/thinking its a good shortterm sell, nothing to get excited about
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February 10, 2014, 12:06:41 PM
 #85472

Haha, what happened while I was sleeping, who dumped?
Price on btc-e fell to 100 USD for a few seconds.

Allways good to have some very low buy orders in place  Grin
Thanks panic sellers.
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February 10, 2014, 12:06:44 PM
 #85473

Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...

+1

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February 10, 2014, 12:07:10 PM
 #85474

Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...

If bitcoin was a global finance leader as you say , do you think people like the clowns at mtgox would still be in charge of 20% of the trade?
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February 10, 2014, 12:07:34 PM
 #85475

This could be the biggest dip on the pure fud that we had yet. Maybe it could be avoided if Gox worded it better, but who knows, maybe it was intentional?

Now , you're starting to say some interesting things.

Who could have wished for a crash , and who could have profited from it the most , probably the ones who could create one and who are in so much shit to actually need a flash crash. gox?

The wording gox used was far from ideal and any non tech-savy person may interpret it incorrectly

A bold line stating that the underlying transaction security of bitcoin is not compromised would have helped to clarify things.


You realize that wasn't coincidence, right?

I'm not even talking about the "conspiracy" style explanation that they're trying to manipulate their way out of a shortage of coins by bringing down the price and rebuying coins cheaper (so they can serve their customers). Makes sense, but even I don't think Karpeles would go that low.

No, the real explanation for the phrasing is:

Blame transfer.

Gox is willing to damage the reputation of the *entire* Bitcoin ecosystem, so *they* don't have to take the blame for implementing their wallet software properly.

Seriously: To anyone still using mtgox -- stop. Withdraw your money (or try it), withdraw your coins (or try it), and let them die off.

We need mtgox removed from the system for Bitcoin to grow further.








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February 10, 2014, 12:08:01 PM
 #85476

Second wave of  dumping on stamp?
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February 10, 2014, 12:08:16 PM
 #85477

got no fiat in exchanges, does coinbase let you buy on signing up? any other suggestions?  I'm outside the US btw.
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February 10, 2014, 12:09:25 PM
 #85478

1,4k dump at stamp  Cheesy
Asrael999
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February 10, 2014, 12:09:52 PM
 #85479


it's bullish in that bitcoin isn't broken, and bearish in that it suggests that gox are hiding something.  

Gox appear to be attempting to blame poor coding in their own wallet software on the blockchain coding, rather than accepting that it is their poor implementation of wallet software which is causing their problems.

Of course we can expect mainstream media to just go with the "bitcoin is broken" headlines and for sellers to sell and those who see opportunity to buy at their targets.

For anyone who cares about the long term log trendline todays value of the line is $658.5,  so the price is currently below trend for pretty much the first time since October.

https://bitcointalk.org/index.php?topic=322058.0
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February 10, 2014, 12:09:53 PM
 #85480

Bitcoin is BROKEN. We are DOOMED.

Flaw and proposed fix by developer:

https://gist.github.com/sipa/8907691
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