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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652503 times)
bitarrow
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April 11, 2013, 10:54:27 PM
 #21221

Service is down for emergency maintenance for one hour, until 2013-04-11 23:30:00 UTC. Please retry at that time

They are coming back earlier. My God, what will happen then, lol
MtGox has been up for those who want to change book orders or do account-related stuff. Only trading was halted. I assume it will be returned to this state until trading restarts in three hours.
not anymore, down for service
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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pinger
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April 11, 2013, 10:55:16 PM
 #21222

Why is the Chinese price higher than the others?

Cool Chinese investors have cooler heads/stronger hands and aren't panicking?
Embarrassed Chinese don't have so many BTC in Gox to pump to other exchanges and sell?
Shocked A huge buy wall is catching all the asks?
Grin Chinese are just more bullish on the price?
Kiss Chinese need BTC for spurious purposes that will work whatever it's current price is?
Huh Something else?

Yes, there are many chinese people, and they new there are just 21 Million BTC.

DougTanner
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April 11, 2013, 10:56:41 PM
 #21223

Prices have stabilized around $60-$70, even Virtex is coming down.


Prices have stabilized?  lol, they had just stabilized around $80 like 5 hours ago.  A few hours from now they'll have stabilized further, I'm sure.

With Bitcoin stability is relative :p

I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system.  Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately.

You might be right, I really hope not though.

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
wachtwoord
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April 11, 2013, 10:59:35 PM
 #21224

Prices have stabilized around $60-$70, even Virtex is coming down.


Prices have stabilized?  lol, they had just stabilized around $80 like 5 hours ago.  A few hours from now they'll have stabilized further, I'm sure.

With Bitcoin stability is relative :p

I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system.  Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately.

You might be right, I really hope not though.

Stability in fiat currency is irrelevant. Relative stability in purchasing power is relevant. Because of the limited applicability of Bitcoin at the moment the connection between the two is still quite strong. Long term it won't really mater as no-one will exchange their Bitcoins for a piece of paper with some numbers and the face of some political leader on it anyway.

r.willis
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April 11, 2013, 11:05:13 PM
 #21225

How are transactions processed without mining?
Well, majority of trusted nodes vote "right" transactions. Quite clever, isn't it? Well, not.
What is clever - Ripples (coins of Ripple system) are issued in genesis ledger, and guess who controls them? Yes, makers of the system.

1GVmS56pvVL7YZA7YqMBXmaDedCoputKuJ BitEN - Bitcoin Erlang Node
420
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April 11, 2013, 11:14:47 PM
 #21226

Prices have stabilized around $60-$70, even Virtex is coming down.


Prices have stabilized?  lol, they had just stabilized around $80 like 5 hours ago.  A few hours from now they'll have stabilized further, I'm sure.

With Bitcoin stability is relative :p

I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system.  Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately.

it wont matter this instability so long as people are trying to exchange fiat for bitcoins to buy things ASAP

the more people keep their value in bitcoins the more stable it should be

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Wuji
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April 11, 2013, 11:15:35 PM
 #21227

Why is the Chinese price higher than the others?

Cool Chinese investors have cooler heads/stronger hands and aren't panicking?
Embarrassed Chinese don't have so many BTC in Gox to pump to other exchanges and sell?
Shocked A huge buy wall is catching all the asks?
Grin Chinese are just more bullish on the price?
Kiss Chinese need BTC for spurious purposes that will work whatever it's current price is?
Huh Something else?

 Tongue It is just now 7AM in Beijing so my guess is they were asleep.  Should start seeing some action start now.
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April 11, 2013, 11:22:12 PM
 #21228

Why is the Chinese price higher than the others?

Cool Chinese investors have cooler heads/stronger hands and aren't panicking?
Embarrassed Chinese don't have so many BTC in Gox to pump to other exchanges and sell?
Shocked A huge buy wall is catching all the asks?
Grin Chinese are just more bullish on the price?
Kiss Chinese need BTC for spurious purposes that will work whatever it's current price is?
Huh Something else?

 Tongue It is just now 7AM in Beijing so my guess is they were asleep.  Should start seeing some action start now.

badabing, bada-$90 bitcoin again

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
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DougTanner
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April 11, 2013, 11:25:09 PM
 #21229

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
TsuyokuNaritai
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April 11, 2013, 11:26:54 PM
 #21230

What the hell is suddenly causing all the exchanges to rise?!

I'm guessing some fiat money is clearing from people who wanted to buy cheap coins but didn't have fiat on the exchanges.

DougTanner
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April 11, 2013, 11:27:55 PM
 #21231

What the hell is suddenly causing all the exchanges to rise?!

I'm guessing some fiat money is clearing from people who wanted to buy cheap coins but didn't have fiat on the exchanges.

On 4 exchanges simultaneously? This is so weird.

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
adamstgBit
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April 11, 2013, 11:28:30 PM
 #21232

What the hell is suddenly causing all the exchanges to rise?!

I'm guessing some fiat money is clearing from people who wanted to buy cheap coins but didn't have fiat on the exchanges.

that and the anticipation of the magical Gox rocket getting ready for blast off!

T - 1hour and 30mins

thoughtfan
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April 11, 2013, 11:28:43 PM
 #21233

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.
That there wasn't really a fundamental cause for the price to fall so in the first place?

If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
Krabby
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April 11, 2013, 11:29:01 PM
 #21234

Bitfloor at 99.
DougTanner
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April 11, 2013, 11:34:12 PM
 #21235

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.
That there wasn't really a fundamental cause for the price to fall so in the first place?

Seriously, people selling coins at $50 was a bit out there.

Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
BitcoinAshley
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April 11, 2013, 11:40:47 PM
 #21236

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.
That there wasn't really a fundamental cause for the price to fall so far in the first place?

Seriously, people selling coins at $50 was a bit out there.


I concur. Once the idiots realized they were just being panicky idiots, they started buying again... only problem is, once you've sold at $50, it's a little too late  Grin Grin Grin It'll be a while before they see gains again.
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April 11, 2013, 11:42:57 PM
 #21237

It's getting around that time when it crashes...
yokosan
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April 11, 2013, 11:45:25 PM
 #21238

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.
That there wasn't really a fundamental cause for the price to fall so far in the first place?

Seriously, people selling coins at $50 was a bit out there.


I concur. Once the idiots realized they were just being panicky idiots, they started buying again... only problem is, once you've sold at $50, it's a little too late  Grin Grin Grin It'll be a while before they see gains again.

Please stop living in 1 hour timeframes, this is an obvious bull trap. When Gox opens we are going sub $50 for at least 3 days, give or take some wild volatility.
EnergyVampire
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April 11, 2013, 11:46:57 PM
 #21239

i saw some little trades come up on gox ..


0.03   9 minutes ago   124.90
mtgox   0.11   9 minutes ago   124.80
mtgox   0.20   9 minutes ago   124.00
mtgox   40.87   9 minutes ago    123.40

:-) it's UP  hehe

"Painting the tape"  Wink

TradeFortress
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April 11, 2013, 11:47:25 PM
 #21240

Why is BTC-e still so high?
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