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

[hd060053]

when this bot stops, we see an epic break out. very interesting to watch the graphs atm.

also interesting, that one whale with millions of $ on gox absorbs all the sells for a long time now.

[dgarcia]

The only logical explanation is that someone knows that Gox dont have any coins and wont ever fix withdrawals, so goxcoin is essentially worth 0$

Hard to say what it is. It could be some kind of a attack, insider information.

And wonder that Gox does not block it...

...selling okay, selling a lot okay...

...destroying market. no go.

[billyjoeallen]

Could be governmental action.. they tend to be stupid often enough

No doubt, but what if it was just some monster dark pool order that couldn't be filled and was forced onto the open exchange?

Simplest solutions are most often correct, but either way this weird price action demands an explanation.

[T.Stuart]

If it is gox and they are not on fractional reserve why not simply send your coins to any other exchange and make a premium by arbitraging your own exchange?

Anyways, feels good that stamp don't give a shit anymore

Maybe Gox failed Stamp's KYC requirements.  

[xulescu]

The only logical explanation is that someone knows that Gox dont have any coins and wont ever fix withdrawals, so goxcoin is essentially worth 0$

But look at the market. Everyone WANTS coins to go up but Willy won't let them. Assuming you were really cashing out because Gox has no coins, wouldn't you just, y'know, let the price rise from time to time to get more cash? I'm starting to believe Willy sells into (mostly) its own walls to give the impression of massive dump and keep the price suppressed for much profit (?).

The only other plausible explanation I can think of is Gox or some accomplice(s) shorting naked. But then again, wouldn't you let the price bounce back from time to time?

[Davyd05]

no1 at gox wants it to go up until they can withdraw coins. IMO

[T.Stuart]

The only logical explanation is that someone knows that Gox dont have any coins and wont ever fix withdrawals, so goxcoin is essentially worth 0$

But look at the market. Everyone WANTS coins to go up but Willy won't let them. Assuming you were really cashing out because Gox has no coins, wouldn't you just, y'know, let the price rise from time to time to get more cash? I'm starting to believe Willy sells into (mostly) its own walls to give the impression of massive dump and keep the price suppressed for much profit (?).

The only other plausible explanation I can think of is Gox or some accomplice(s) shorting naked. But then again, wouldn't you let the price bounce back from time to time?

The price does bounce back when the bot is switched off, as happened yesterday

[billyjoeallen]

If it is gox and they are not on fractional reserve why not simply send your coins to any other exchange and make a premium by arbitraging your own exchange?

Anyways, feels good that stamp don't give a shit anymore

that would leave a paper trail, or more accurately a blockchain trail.

[Kj1]

If gox withdrawls are enabled, I'd go all in btc (actually, sooner) and transfer immediatly to stamp.  Then i'd cash out.  Gox price will rise, stamp price will collapse and we'll be back to pre-btc withdrawl problems with gox 100$ above stamp.

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

[T.Stuart]

One thing's for sure - 2014 is the year when this kind of shit has to stop! 

[hd060053]

If gox withdrawls are enabled, I'd go all in btc (actually, sooner) and transfer immediatly to stamp.  Then i'd cash out.  Gox price will rise, stamp price will collapse and we'll be back to pre-btc withdrawl problems with gox 100$ above stamp.

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

why all want to cash out on stamp ?

just buy on gox and hoDl ?

[ardana123]

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

People will be faster than you and you will fail.

[xulescu]

If gox withdrawls are enabled, I'd go all in btc (actually, sooner) and transfer immediatly to stamp.  Then i'd cash out.  Gox price will rise, stamp price will collapse and we'll be back to pre-btc withdrawl problems with gox 100$ above stamp.

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

why all want to cash out on stamp ?

just buy on gox and hoDl ?

Buy back moar.






Also, welcome back Frozenbyte.

[podyx]

If gox withdrawls are enabled, I'd go all in btc (actually, sooner) and transfer immediatly to stamp.  Then i'd cash out.  Gox price will rise, stamp price will collapse and we'll be back to pre-btc withdrawl problems with gox 100$ above stamp.

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

Imagine buying $350 btcs instead of $650 and sell 1 year later at $5k

thats nearly a double huge profit

but i guess people arent that smart, we might see a little dip

[billyjoeallen]

It just doesn't make sense for it to be Mark. Honest casinos make much more than crooked ones.  make billions legit or make 10s of millions and look over your shoulder the rest of your life?  

Remember the "London Whale" the trader who martingales a small loss into billions? Something like that would be my guess.

[dgarcia]

If gox withdrawls are enabled, I'd go all in btc (actually, sooner) and transfer immediatly to stamp.  Then i'd cash out.  Gox price will rise, stamp price will collapse and we'll be back to pre-btc withdrawl problems with gox 100$ above stamp.

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

Imagine buying $350 btcs instead of $650 and sell 1 year later at $5k

thats nearly a double huge profit

but i guess people arent that smart, we might see a little dip

If Gox would be smart they won't allow to withdraw large amounts for a few days....

...but as we know and can see...

...they are not.

[podyx]

If I have a password on my wallet
Could a hacker steal the bitcoin on it even if he didn't have the password?

[Kj1]

Imagine buying 330$ btcs and selling half of them for 650 a minute later.

People will be faster than you and you will fail.

yes. I know.  But I still hope others try as I have fiat on stamp and not gox
The idea is to buy now at halfs' stamps price and cash out the amount of fiat you had stuck on gox.

[xulescu]

What If Willy Is Nakowa And He Got Bored Of Just-Dice?

[TERA]

Actually imagine if, instead of just getting cheap coins on gox, you were also trading them these past 2 days, and multiplied them by 3. I'm tempted to make a deposit to gox myself now.