Wall Observer - MtGoxUSD wall movement tracker

[Terpie]

You're crazy to try and sell on another exchange right now. No one can move in any fiat, and ten thousand people are going to be selling into the limited pool of fiat already there.

[BitcoinBA]

HEY WHY DOES EVERYBODY TAKE CARE ABOUT MTGOX? MTGOX AND BITCOIN DON'T HAVE ANYTHING TO DO WITH EACHOTHER... IT'S JUST ONE STUPID EXCHANGE - ONE OF MANY.... JUST STOP BEEING FIXED ON MTGOX...

[Gordonium]

[Zomdifros]

Well, we are currently in a situation where hardly anyone has any fiat on Bitstamp or Btc-e, yet we all know how easy it is to send bitcoins over there. People are panicking once again and giving away their coins, betting that a 2011 scenario will unfold once again.
 
This might be possible, though I believe a new bear market is unlikely. Of course the press will have a field day over this and declare Bitcoin to be stupid once and for all. The protocol is undamaged though and many people are working on Bitcoin startups which could really change the game.

It might take longer to recover from this situation than usually after a crash, but in the long term Bitcoin remains unchallenged. And we will finally get rid of MtGox.

[DougTanner]

You're crazy to try and sell on another exchange right now. No one can move in any fiat, and ten thousand people are going to be selling into the limited pool of fiat already there.

Bitstamp is melting down right now. Just picked up some coins for $80 (yeah yeah... I said I was out, but I know cheap coins when I sees them).

Oooops, and they're down.

[drdanishkhan]

I think mtgox needs to pay for their pure incompetence.. for 36 hours they did nothing while the prices plummeted.. time to move onto other exchanges..

[Jaques]

You're crazy to try and sell on another exchange right now. No one can move in any fiat, and ten thousand people are going to be selling into the limited pool of fiat already there.

this


edit: maybe I was wrong about bid-volume @btc-e

[Rampion]

[only]

I hate people.

[TomRado]

We're at around 50 Euros on Bitcoin24 now. What do you expect to happen when gox opens? People will hit sell hoping to get a few of the still standing bids with their coins first and it will crash like a stone dropped from a cliff.

Gox closing doesn't seem to help. Some resistance at 100$ could have formed there, this last chance was lost.

[Piper67]

Last time I checked, the network was up. Blocks were being generated at about 6 per hour.

Yesterday during the crash, I withdrew BTC2000 from Mt.Gox in about 2 minutes. Everything worked perfectly. (Do not assume this was my funds as I do have a lot corporate accounts also.)

My business currently generates about 0.15% return on capital daily. Annualized, that is a mind-boggling 72%. As I keep all my funds in silver and bitcoins, the value appreciation comes on top of that. Very seldom can I generate such a return, my average over 10+ years is 15%.

I can still both buy and sell bitcoins for cash, and not long time ago I made a 26% spread on two €1000+ OTC transactions in 1 hour.

Silvervault opened bitcoin accounts for all its customers. Today's price was 40% lower than yesterday, giving a rather low-risk entry point for 800 investors currently 100,000 ounces long in silver. Silvervault can trade your physical silver for bitcoin for a click of a mouse in 190 countries.

--

I think this has been a great week.

I may as well have a weekend effective immediately. If BTCitcoin price somewhere goes to $1 over the weekend so that I can actually buy it (could care less about exchanges that lag or do not allow trading), I will be the first to buy for my entire business income.

If every day I increase my bitcoin holdings by 0.15%, it will take less than 20 years for me to own all the bitcoins.

Sounds like a plan.

Generally, I agree with you rpietila, but MtGox has become a truly serious problem. Every chance they get to make a choice, they either make the wrong one, or they make the right one but so late as to effectively turn it into the wrong one. You have to agree that this bunch of amateurs does somewhat soil the reputation of Bitcoin for those who don't fully understand that Bitcoin isn't just the exchanges or the exchange rate.

If there is a silver lining to all this, it's that with any luck people will start flocking to other exchanges.

If I were Coinlab, Coinbase, BitPay and Bitinstant, I would seriously consider diversifying.

[JimiQ84]

BTC China still sitting at ~150 USD/BTC 

[elux]

The smaller exchanges are tanking...

[Rampion]

[adamstgBit]

virtex crashing, could very well be looking at double digit bitcoins very soon!  

YUP 92!

its going down fast!

[Jaques]

I hate people.

lol


btw: btc-e getting busy ... maybe the place to watch? up to 82 atm

edit: yes, btc-china still at 150 but with very low volume

[DougTanner]

The Canadian exchange is at $70 and falling.

[The-Real-Link]

Can anyone confirm that you can still get USD onto Gox or any other exchange at the moment with Bitinstant?  

[steamboat]

MtGox.com ‏@MtGox 4h
Maintenance Over however we are now under a DDoS attack.


so why the hell didn't they stop trading?? They just let it go on destroying bitcoin

smells like BS to me, they say yesterday was just normal and today is a ddos? they look just the same to me

Why do people continue to cry for regulation? This is a free market. If you don't like Gox, don't trade there. If enough people don't like Gox, it will be replaced. Foolishly thinking market control is the answer will only end in the failure of bitcoin.

This is not the end of bitcoin. Realize the same actions you're calling for we're the reasons bitcoin was created. We do not need a central authority. We do not need someone to tell us when or how to spend our money. Necessity is the mother of all invention. The current system is not adequate, that is a given. Apply some critical thinking and solve the problem instead of spewing the same brainwashed propaganda.

[Luno]

Just got back here; does's Gox still process verifications and transfers or are they burning their hard drives in a trash can?