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

[simmo77]

Well that's it, I'm all out of fiat now so I hope it's time to break out the CCMF t-shirts  

Did any of you actually buy one of those?

[1713271140]

1713271140

[creekbore]

Wot no $10, what's taking so long?

give it five or six hours 

[maximum]

BTC will shoot up when clear signs appear that withdrawals will be enabled again.

[gizmoh]

BTC will shoot up when clear signs appear that withdrawals will be enabled again.

Yes and the cheap coins on Gox will get dumped on stamp!

[surfer43]

I'm thinking of buying a nice bunch of coins but dont know if I dare to transfer FIAT to Gox? Or should I go with Stamp?

If Gox fixes their BTC withdrawals problem before they fix their fiat withdrawal problems, the price there will go vertical, but I doubt you would be able to get your money there to trade before this happens. Even if it does, your fiat profits would be trapped for however long it takes to get it out, possibly forever.

Try to get your money to whichever exchange will let you buy before this transaction malleability problem gets fixed. I'm guessing you don't have much time.

I would suggest longing gox w/ leverage 

[Asrael999]

BTC will shoot up when clear signs appear that withdrawals will be enabled again.

Yes and the cheap coins on Gox will get dumped on stamp!

I know its a trifle naïve, but some people might actually buy them and hold onto them.
Unreasonable I know, but.........

[HairyMaclairy]

Wot no $10, what's taking so long?

Just out of curiosity is it your intention to post that question every day until it happens?

[maximum]

BTC will shoot up when clear signs appear that withdrawals will be enabled again.

Yes and the cheap coins on Gox will get dumped on stamp!

A lot of coins will be moved out for sure, but i don't think they will be dumped instantly.
We will see.  

[billyjoeallen]

Markets hate uncertainty. Opportunity is inversely proportional to safety.

Gox's problem got worse and drug the other markets down. If Gox's problems get better, it will likely have the opposite effect. Mark will fix the (BTC) withdrawal problem. He knows he'll get jail time or murdered if he doesn't.

[MANofthePEOPLE]

Looks like I made a good decision to go to bed full fiat, something I haven't done since I bought BTC first time. Never went to bed without full BTC actually. Bought back in at $549 (btc-e), hoping for a big bounce now.

[HairyMaclairy]

You should get at least some US morning bounce.  Still 3 hours until San Francisco wakes up and starts buying.

[surfer43]

When the US wakes up, there will be a great amount of panic buying  

This is also around the time GOX announced something last time...

goxBTC to the moon!

[TERA]

I'm thinking of buying a nice bunch of coins but dont know if I dare to transfer FIAT to Gox? Or should I go with Stamp?

If Gox fixes their BTC withdrawals problem before they fix their fiat withdrawal problems, the price there will go vertical, but I doubt you would be able to get your money there to trade before this happens. Even if it does, your fiat profits would be trapped for however long it takes to get it out, possibly forever.

Try to get your money to whichever exchange will let you buy before this transaction malleability problem gets fixed. I'm guessing you don't have much time.

I would suggest longing gox w/ leverage 

That's a bad idea. The order books are very thin and one big move by another trader or bot could have you liquidated. Long might be a good idea but not with leverage.

[surfer43]

I'm thinking of buying a nice bunch of coins but dont know if I dare to transfer FIAT to Gox? Or should I go with Stamp?

If Gox fixes their BTC withdrawals problem before they fix their fiat withdrawal problems, the price there will go vertical, but I doubt you would be able to get your money there to trade before this happens. Even if it does, your fiat profits would be trapped for however long it takes to get it out, possibly forever.

Try to get your money to whichever exchange will let you buy before this transaction malleability problem gets fixed. I'm guessing you don't have much time.

I would suggest longing gox w/ leverage  

That's a bad idea. The order books are very thin and one big move by another trader or bot could have you liquidated. Long might be a good idea but not with leverage.

I know. I did it  
Then someone sold like 200 BTC  
and the price went to 350
but now it is going up

But to be liquidated 5000 BTC would have to be sold 

[billyjoeallen]

BTC will shoot up when clear signs appear that withdrawals will be enabled again.

Yes and the cheap coins on Gox will get dumped on stamp!

I know its a trifle naïve, but some people might actually buy them and hold onto them.
Unreasonable I know, but.........

Gox coins will be cheap for about 17 seconds before they get really expensive. The market can handle a few hundred dumped coins. The positive news effect will compensate. In the mean time, put some limit orders in to handle the churn.

[Nemo1024]

I've asked for a refund of Neptune last week, and got the money back today. Quick and professional customer service.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.

In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit.

...and pity that I won't have fresh fiat on the exchange for the week-end, as I expect we'll be re-testing the lows.

[creekbore]

With regard to Gox implementing withdrawals it seems there are developments and counter arguments in progress (if you're too lazy to leave this thread):

https://bitcointalk.org/index.php?topic=464835.0

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

I won't pretend to be a technical genius but the gist I'm getting from this is Gox are implementing a 'fix' which gmaxwell (I imagine speaking for the BTCdev team?) seems to think won't work.

Interesting Mark mentions LTC...perhaps he's hoping for a new revenue stream

[surfer43]

With regard to Gox implementing withdrawals it seems there are developments and counter arguments in progress (if you're too lazy to leave this thread):

https://bitcointalk.org/index.php?topic=464835.0

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

I won't pretend to be a technical genius but the gist I'm getting from this is Gox are implementing a 'fix' which gmaxwell (I imagine speaking for the BTCdev team?) seems to think won't work.

Interesting Mark mentions LTC...perhaps he's hoping for a new revenue stream

Ignore this FUD!

[billyjoeallen]

I've asked for a refund of Neptune last week, and got the money back today. Quick and professional customer service.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.

In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit.

...and pity that I won't have fresh fiat on the exchange for the week-end, as I expect we'll be re-testing the lows.

I call bullshit. If you really thought that, sell your coins there and buy back in cheaper.  

Here comes the FUD brigade, wanting cheap coins before the Big Fix. Sorry you missed the bottom, Guys, but it's in the rear view mirror.

[ShroomsKit]

With regard to Gox implementing withdrawals it seems there are developments and counter arguments in progress (if you're too lazy to leave this thread):

https://bitcointalk.org/index.php?topic=464835.0

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

I won't pretend to be a technical genius but the gist I'm getting from this is Gox are implementing a 'fix' which gmaxwell (I imagine speaking for the BTCdev team?) seems to think won't work.

Interesting Mark mentions LTC...perhaps he's hoping for a new revenue stream

What a scumbag move to suddenly mention ltc.