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

[soullyG]

Choo choo? Stamp @491 and climbing

[virtualfaqs]

Choo choo? Stamp @491 and climbing

Wow. Stamp caught up to BTC-E that is exciting! Bah. No fair. You guys got the much better price!

[ChartBuddy]

Explanation

[porcupine87]

500 again! How come? Shall I buy? 

[JCviggen]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

[TERA]

wow how do i not sell this

[600watt]

bitstamp ch0o cho0

[seldon]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

Goxcoins.. if bitcoins are too stable for you

[virtualfaqs]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

I was just about to comment on that. If you bought at the low 0.007 and sold now can double. But man that's risky. haha  

[hdbuck]

bulltrap?

[raid_n]

I usually frown upon profanity but man
"What the fuck is up with this shit?" Bitcoin, make up your mind where you want to go today

[TERA]

wow how do i not sell this

Because it might be at 600 within a day? Maybe? 

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

[soullyG]

First implementation of gmaxwell's "solvency proof" has been created:

https://github.com/ConceptPending/proveit

Original comment from gmaxwell here:

http://www.reddit.com/r/Bitcoin/comments/1yj5b5/unverified_pastebin_gmaxwell_irc_log_mtgox_was/cfkze3p

I think that as a community we should start demanding these services continually prove that they are not fractional reserve. We cannot effectively eliminate the need for trust in these sorts of services, but we can certainly confine the exposure and eliminate a lot of this drama. With Bitcoin it's technically possible to prove an entity controls enough coin to cover its obligations— and even to do so in ways that don't leak other business information, and so we should. But this isn't something specific about MTGox, it's something we should demand from all services holding large amounts of third party Bitcoins. I wouldn't even suggest MTGox should do it first, rather— it sounds like a great move for their competition to differentiate themselves.

[RicePicker]

I usually frown upon profanity but man
"What the fuck is up with this shit?" Bitcoin, make up your mind where you want to go today

This is basically what happened during the Chinese crash. You do not simply go down 20% and expect it to stay there for more than 2-3 hours. Now the market will decide on a point to stabilize for a day or two until the next crazy thing happens.  

[Miz4r]

wow how do i not sell this

Because it might be at 600 within a day? Maybe?  

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

540-550 is possible though, which is probably a great point to short again.

[raid_n]

wow how do i not sell this

Because it might be at 600 within a day? Maybe? 

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

Unless, Gox announces its been taken over, the money is sae, the coins are safe.
There has been a tremendous amount of tension coiled, when it snaps there could be carnage/mayhem.

+1 Unlikely but this could be one of those black swan events

[JCviggen]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

Take profit and exit would be my guess.

But it's all just gambling, ain't it?  

Gonna go 50/50... sell 5 to just about get my money back and be left with a free lottery ticket for 5 BTC.

[bitcodo]

[Mythul]

CCMF already

[ChrisML]

I just want Gox to be removed out of the bitcointalk dictionary.

Rise BTC, rise. We shall hence forward, to the moon and beyond.