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

[molecular]

If mtgox opens for btc withdrawals, I think the price will plummet.

why?

[ShroomsKit]

If mtgox opens for btc withdrawals, I think the price will plummet.

if they dont open for btc withdrawals, I think the price will plummet.

Yes, we got goxxed. Again.

[xulescu]

Look at the http://bitcoincharts.com/markets/ daily volume. May be all other markets are complete joke?

I'm pretty sure most of that is Willy(?) selling into their own walls...

[tarmi]

If mtgox opens for btc withdrawals, I think the price will plummet.

why?

why would anyone pay 650 $ to someone who bought for 300 goxbux?


its not like we are in the bull market, expecting 1000 $ tomorrow.

[xulescu]

Coins util .... 0

http://i60.tinypic.com/o90bx4.jpg

This is something we can speculate on freely.

1. Who would put buys at <10$ and just leave them there?
2. Who would put buys below 1M coins in the orderbook? Below 10M? Are there ("Should there be") 1M coins on Gox?

And while on the subject, is there any reason why Gox could not trade on itself with a virtual account? Any reason that account could not be unlimited? While Gox are separated from reality they could literally move the price anywhere with no cost. That conjecture is consistent with Willy's behaviour. Also traderCJ noted that bid book sometimes thins to 100-500 coins. That happened a few minutes ago and someone took a deep dump then put the bid walls there again.

[creekbore]

Who knows what will happen tomorrow.

take part in some quantitative research ie new poll

https://bitcointalk.org/index.php?topic=468837.0

[tonyq]

The cheapest coin I can buy in Britain right now at localbitcoins.com is £407.
I go to Gox and it is showing £187.
Utter madness.

[bangersdad]

Coins util .... 0

http://i60.tinypic.com/o90bx4.jpg

This is something we can speculate on freely.

1. Who would put buys at <10$ and just leave them there?
2. Who would put buys below 1M coins in the orderbook? Below 10M? Are there ("Should there be") 1M coins on Gox?

And while on the subject, is there any reason why Gox could not trade on itself with a virtual account? Any reason that account could not be unlimited? While Gox are separated from reality they could literally move the price anywhere with no cost. That conjecture is consistent with Willy's behaviour. Also traderCJ noted that bid book sometimes thins to 100-500 coins. That happened a few minutes ago and someone took a deep dump then put the bid walls there again.

Something very odd is going on at gox - i just cannot understand the logic for selling at these prices - it makes no sense, i usually have no need for my tinfoil hat, but i think im going to get it out the cupboard just to be safe. Karpeles is up to no good i just have this nagging feeling that the excrement is about to hit the fans.

[tonyq]

The cheapest coin I can buy in Britain right now at localbitcoins.com is £407.
I go to Gox and it is showing £187.
Utter madness.

Now £178 on Gox.

[traderCJ]

Coins util .... 0

http://i60.tinypic.com/o90bx4.jpg

This is something we can speculate on freely.

1. Who would put buys at <10$ and just leave them there?
2. Who would put buys below 1M coins in the orderbook? Below 10M? Are there ("Should there be") 1M coins on Gox?

And while on the subject, is there any reason why Gox could not trade on itself with a virtual account? Any reason that account could not be unlimited? While Gox are separated from reality they could literally move the price anywhere with no cost. That conjecture is consistent with Willy's behaviour. Also traderCJ noted that bid book sometimes thins to 100-500 coins. That happened a few minutes ago and someone took a deep dump then put the bid walls there again.

My opinion is the majority of activity we've seen in the 300 to 270 range has been the result of just one player. It's a charade.

[mmortal03]

Look at the http://bitcoincharts.com/markets/ daily volume. May be all other markets are complete joke?

I'm pretty sure most of that is Willy(?) selling into their own walls...

It's bots on Mt. Gox or something of the sort, trading back and forth. The volume is abnormally inflated compared to recent trends. It's not like Gox has THAT many slumbering patrons who haven't been touching the market for the past few years, and are only now waking up.

[kurious]

Anyone used bitcoinbuilder.com in the past 24 hours or so...?

Is it fast and legit?

[Amechan]

Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.

Talk me out of it?

[dreamspark]

Why would you buy goxBTC at .7 when its closer to .45 atm 

[molecular]

Anyone used bitcoinbuilder.com in the past 24 hours or so...?

Is it fast and legit?

It's fast and works well enough.

Legit? Might be able to tell you more w when my withdraw clears. They do it manually once a day.

[medialab101]

Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.

Talk me out of it?

Having the same thought...

So talk us both out of it.

[Amechan]

Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.

Talk me out of it?

Having the same thought...

So talk us both out of it.

I am thinking they will make another announcement tomorrow as the offices will be open again. But by then it might already be too late.
I suppose the real question is what is the likelihood of them cutting and running? That is the fear that's driving all this madness.

Take a risk and maybe loose a tiny bit of cash if they run, or perhaps score the last sub $300 coins in history?

[gizmoh]

Look at the http://bitcoincharts.com/markets/ daily volume. May be all other markets are complete joke?

I'm pretty sure most of that is Willy(?) selling into their own walls...

Willy is the mad bot buyer. Billy is his alter ego 
So why the bid sum keep diminishing ?
I'm pretty sure Billy prefers gox-usd rather than gox-btc , cause Billy thinks gox bankruptcy is highly probable..

[JCviggen]

Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.

Talk me out of it?

Having the same thought...

So talk us both out of it.

Sounds like the plan at Gox is working.

[Davyd05]

45k btc to 0 on gox, I wonder how many coins are going to fly from gox on withdrawal re-opening