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

[ScrapOfCat]

Bitcoin Bozo always seems to bounce back.

Having to restrain myself from attempting to register "Bitcoin Bozo" everywhere.

[spooderman]

a few pages back someone was asking about different exchanges. I wondered what anyone here's opinion is on bitcoin-central. they were great for us europeans. and though they had their problems, they never lost anyone's money from what I can ascertain. What's the deal with those guys? are they back?

[NewLiberty]

Software is never really done until at least version 3.1

Like Windows 3.1

And DOS 3.1

[JCviggen]

I can confirm BTC-e withdrawals are not quite instant, 20 mins and nothing in the blockchain yet (2 BTC)

Kind of sucks because I've gotto go to sleep and I don't like leaving coins floating around with the price this unstable.

look at your screen harder it makes the coin appears faster

One night later, still no coins 

[surfer43]

Months ago I saw a youtube tutorial on to steal coins from mtgox by using some software that finds internal transactions floating around their system and rebroadcasting somehow. The video was written years ago. I figured that mtgox had fixed the issue already or software was a virus (not that I would do something like this anyway). Is this the same issue that mtgox just announced yesterday, still not fixed, after years?

virtual machine  
just to test and return of course

[ChartBuddy]

Done with Gox
Explanation

[shmadz]

eah something fishy going on.

my biggest concern that i wish i paid more attention to my balance for, is that I dont know if when the second spam txid is broadcast - does it cause my wallet balance to read lower?

Ie: if I have 3BTC and I send 1BTC, and then a spam rebroadcast goes out saying the same 1BTC transaction but never confirms, will my bitcoin-Qt wallet show 2BTC in it or will the client misread this to think that there is only 1BTC left?

imagine if it were to basically abandon coins when it creates te change address - it could be rescanned but there could be serious losses to some people who dont notice

I'm not sure what client you use, but on the reference client you can hit the "export" button on the bottom left to get a csv of your entire transaction history. You can run this on a spreadsheet just to make sure everything lines up (I did, just a few days ago, and of course it lined up)

You can even go through every transaction in that list and verify them on the blockchain, though these recent unverified transactions look suspicious, once your transaction is verified by the blockchain, it is irrefutable.

the one thing I hope for most in the aftermath of the fall of GOX is that people will learn better about how bitcoin works.

I tell all my friends, when they ask me about bitcoin, and then they ask me how many I have. I always just say "it's not about how much bitcoin you have, it's about how much bitcoin you know"

Meaning, I think the better you understand what bitcoin is, and what it means, the better you will be able to navigate our uncertain financial future.

great - so my exported transaction list DOES NOT ADD UP.

it includes the duplicate transaction of -0.2201 marked as 'Confirmed=FALSE' and a partly-confirmed mining income from an hour ago of 0.1674

please help me out here:

Wallet Status: Balance: 0.2146 BTC   Unconfirmed: 0.00 BTC    Immature: 0.1674 BTC
using the exported csv and adding all the transaction amounts, I get a total of 0.1363 BTC - this includes both the mining income and unconfirmed double spend.
Why does the math not add up? No matter how you add/subtract the renegade values my wallet amount isnt right

What wallet are you using? and are you sure it's a hot wallet? fully up to date?

my guess is the mining income is solid. anything that gets confirmed in even one block right now is pretty much a done deal.

if you see a transaction on the blockchain - with sufficient fee paid to the miners - and it doesn't get included within the next couple blocks, I would start getting worried at this point.

TX id might be more important than the developers think?

[podyx]

Why is price going down..?

[spooderman]

such a great time to have goxbux! if only I'd known

[fonzie]

[billyjoeallen]

Bear Trap just slammed shut on Stamp. The first of many to come.

[RicePicker]

Why is price going down..?

Bulltrap...

[spooderman]

it's both a bull and a bear trap at same time.

what do we call those? a blair trap. yay. we have finally found a way to arrest the war criminal, and it's through tarding btc

[DaRude]

Billy (Willy's bigger evil brother) is playing at Gox now. ~BTC50  every 10min or so interesting to see if others will follow  or just cut gox's lifeline and let it flow into oblivion as it should

[TERA]

So it's just a trap in general.

[shmadz]

So it's just a trap in general.

the further down the rabbit hole, the further into the trap.

the first step in evading the trap is knowing that the trap exists.

the second step is knowing how the trap works.

the third step is fully recognizing the trap for what it is, and completely side-stepping and ignoring that 'trap'.

[billyjoeallen]

it's both a bull and a bear trap at same time.

what do we call those? a blair trap. yay. we have finally found a way to arrest the war criminal, and it's through tarding btc

Hard to sell coins for a profit if you don't have any left to sell. Coinbase as much as admitted that they have no miner's coins left and now have to buy on stamp. You can figure out what that means.

[Mythul]

Too many traps. I'll leave day trading for the pros.

You all got to admit, BTC recovered extremely fast ! That flash crash was crazy. Made somebody a millionaire.

[shmadz]

Hard to sell coins for a profit if you don't have any left to sell. Coinbase as much as admitted that they have no miner's coins left and now have to buy on stamp. You can figure out what that means.

Does Coinbase really rely on miner's coins?

How do you know this?

*edited to remove confusion*

[Le Happy Merchant]

Gox still shows ~20k coins for sale, but if they can't be withdrawn the market is even more shallow than it appeared.