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

[Dragonkiller]

just got an email from stamp confirming the phishing emails and saying to confirm my system is secure for them to re-enable withdrawals.

[seleme]

I don't have idea where to put my bids.

[fonzie]

I don't have idea where to put my bids.

PM me

[JimboToronto]

Sorry, my mistake.

Apology accepted 

See isn't it all much more fun when we all get along !

amen

[FTWbitcoinFTW]

This isn't my only deposit to gox recently and may not be the last one either. I simply do not buy the idea that mtgox is insolvent. They have made far too many BTC since they came online in 2010. I don't feel like I'm taking much risk and if mtgox has lost 50% of their BTC I still win. Honestly, what are the odds mtgox has lost 50% of their bitcoin?

THIS

[Kramerc]

He doesn't need to withdraw them.
Sell 50% of them @ bitcoinbuilder.com

The rest is riskfree and 100% profit (if he is ever able to withdraw gox coins)

Yes. This is easy money. Sadly I do not have a Gox account, but kudos to you guys that have balls of steel to do it.

[TheKoziTwo]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Just wondering, no offense intended, what makes you think you will be able to withdraw these newly bought btc, before others get their withdrawals?

And based on the accusations of MtGox running fractional reserve, do you believe you can withdraw those btc you buy?

I sold at ~$580, assuming I get to buy in at $130 thats 4.46x my investment. In other words: mtgox must have lost 75% > of their BTC for me to lose. Not a bad bet. I don't believe the accusations that they are running fractional reserve in the first place, so I'm obviously hoping that I will be able to withdraw all.

[Richard Branson]

I don't have idea where to put my bids.

@ Gox?

1-90  

Same fiat amount, that means, you buy more coins, the lower it goes.

[mmitech]

Ok I am analyzing my phone and I have only two Bitcoin related apps, the first is the bitcoin checker and the second is the Blockchain.info wallet, the other thing is that I am registered in havelockinvestment and few days ago someone reported a security breach where his account was totally emptied.

I also have a cointerra account, and we all know that they had their site hacked few weeks ago as well, I cant think of something else... anyone have the same experience ?

[MoreFun]

I don't have idea where to put my bids.

Stamp or gox?

[surfer43]

Can someone wire some money into GOX for me? I'm not "verified"  

hopefully this mess comes crashing down soon.

[JorgeStolfi]

One would have thought that the markets were already prepared for the worst about MtGOX and would hardly react to yesterday's release.  Since MtGOX has been disconnected from the global market for several days, it is inacessible to arbitrage traders, and therefore its trade and price  should have  no direct influence on other exchanges.

But apparently that was not the case.  The lack (again) of any positive content in MtGOX's release must have led many investors to realize the foolishness of leaving one's money and/or BTC in the hands of exchange operators. 

So presumably many investors have decided to take part of their assets out of the exchanges.  Furthermore, many probably chose to take their assets out as cash rather than bitcoins, since the value of the latter is more likely to fall than to increase in the next week or so. 

Cash may be the preferred withdrawal form for Chinese investors, in particular, since most of them cannot use the bitcoins outside the exchange, and many may not be sophisticated enough to use (or trust) private wallets.

This flight from bitcoin should be the direct cause of the of the fall in prices at all markets other than MtGOX.

[droptable]

-picture

if the picture isnt photoshoped, WOW, I salute too!

[pietje]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Just wondering, no offense intended, what makes you think you will be able to withdraw these newly bought btc, before others get their withdrawals?

And based on the accusations of MtGox running fractional reserve, do you believe you can withdraw those btc you buy?

I sold at ~$580, assuming I get to buy in at $130 thats 4.46x my investment. In other words: mtgox must have lost 75% > of their BTC for me to lose. Not a bad bet. I don't believe the accusations that they are running fractional reserve in the first place, so I'm obviously hoping that I will be able to withdraw all.

Depends on how they look at it.
Lets say they lost 50% of their btc and spend the remaining btc in order of withdraw request. Then you probably have nothing.

[TheKoziTwo]

He doesn't need to withdraw them.
Sell 50% of them @ bitcoinbuilder.com

The rest is riskfree and 100% profit (if he is ever able to withdraw gox coins)

I can certainly do that too, but I'll probably keep the BTC and bet on gox being solvent. I do take some risk by selling btc and transfering usd to mtgox, the price could go anywhere while I'm waiting and I have to trust an intermediary (which is why I won't transfer too much per batch).

[seleme]

I don't have idea where to put my bids.

Stamp or gox?

Stamp

[fcmatt]

What i find amusing about all of this is that just a month ago people would literally kill to buy at "this" price.
Now that we are at "this" price people do not want to buy. No one has any clue where the bottom will be and everyone is afraid to make the first move.
This will end poorly until the we hit the price of what the whales want to buy at. They probably have firm targets in mind. And after seeing how low it can
go on mtgox they will allow it to hit 300 area before buying.

You overestimate the power of those mystical whales. They move the market individually more than smaller traders, sure, but even they risk losing a lot if they go completely against the stream.

Go back to June/July 2013, and look at how the reversal unfolded back then.

a) the trend reversed in a very clear "organic" way, with buying pressure simply building up to the point where a reversal was quite clear by around July 8.

b) then came a number of big volume moves that might well have been whales. but, see a) above, they reacted to a (feebly, perhaps) established reversal.

c) then came a majestic dump, quite possibly a misguided whale seeing a chance to exit the game, or maybe an attempt to keep price down... didn't matter. It only threw us back maybe a week, then the upwards trend continued. Slow, very slow, for a long time, until the real rally started, but that's a different matter.

tl;dr Whales matter, but not as much as some people seem to think, and even whales can get burned if they act dumb.

i think the signal for an uptrend will be whales but I do see your points. thanks for responding.

[cbutters]

If you are getting scared and feeling doubt.... just go to  the 2 year logarithmic chart on bitcoin wisdom and STARE......... It's incredible how closely the april runup and decline matches this oct-feb runup and decline.

[MoreFun]

I don't have idea where to put my bids.

Stamp or gox?

Stamp

Withdraw cash and deposit to gox. 

[CryptoMinter]

It's okay guys, gox is totally solvent now.

https://i.imgur.com/dTiF4XB.jpg