Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27317. (Read 26609771 times)

legendary
Activity: 1106
Merit: 1005
got BTC which i need in FIAT
when is usually the best time to sell? night?

Now!
damn. should have listened to you
now the money is gone gone gone

All your fiat are belong to us
hero member
Activity: 504
Merit: 500
Moderator
580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community. Embarrassed
full member
Activity: 202
Merit: 100
I am in the UK and it works for me

Yep - up for me now.  Looks like they had to do some kind of rollback as before I got that 522 I did manage to log into my wallet but it wasn't showing any transactions past Feb '02.  Had an exciting moment looking at a wallet balance 1/20th of what it should be.  Phone app is working now too.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 798
Merit: 1000

I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.

Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app.

Then they should learn before using the tech. Many of the older Bitcoiners here spent ages learning about the tech, often months before buying coins. Now people don't even care about the tech and just jump in thinking they're getting rich quick.

Unfortunately in the beta stage of this project a certain amount of learning is necessary to secure your funds. Just because u cba to learn how to use it properly isn't going to stop your coins from disappearing. Granted companies such as circle will be making it easier as well as insuring your funds and then you can place a calculated trust in a third party
hero member
Activity: 798
Merit: 1000
its about convenience.
not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan


Well if your willing to take that risk for convenience thats up to you, unfortunately securing your wealth isn't a matter of convenience. Its more convenient for me to store my cash under my bed but its far riskier than storing it in a bank even though its less convenient.

If the block chain is a problem use an SPV wallet. 18gb is nothing now days.



I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.

But thats their problem. What I said still stands, if your going to trust your coins to a third party know the risk you are taking and if you don't control the private keys yourself then your doing it wrong. The whole premise of Bitcoin is not trusting third parties. If you trust a third party whatever happens is your fault. It sounds harsh but learn to use what we've been given correctly and there are no problems. I mean its not like the site went black for days, it was an hour or so and people are freaking out. If they are managing their risk correctly they would not be freaking out. Unfortunately people are going to continue to get burnt until they learn.
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
I have to say I really liked the "matrioska cup and handle" chart posted by...who was it? molecular? Several cups nested inside one another.

According to this model we would now have to stabilize around 620 for a while. It's why I voted 625 in the poll and felt stupid at first when it kept going up. Now I think we might see this play out after all Smiley
member
Activity: 91
Merit: 10

I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.

Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app.
sr. member
Activity: 952
Merit: 281
I am in the UK and it works for me
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
Ebay was hacked and had to ask all of their customers (a lot more than 1.5mil) to change their passwords... does anyone think this has negatively affected online sales? It's just one website, yes it's popular, but it doesn't control bitcoin.
full member
Activity: 202
Merit: 100
Blockchain "wallets" def not up in the UK at the moment
hero member
Activity: 728
Merit: 500
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn.
its about convenience.
not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan

There are light clients like Electrum which don't need to download the blockchain. While a server is trusted to provide the blockchain, it is not trusted for anything else or to store your private key and you retain control over your key and your coins.

You can also use a paper wallet and use something like a copy of brainwallet.org to push out the transactions
hero member
Activity: 826
Merit: 1000
°^°
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn.
its about convenience.
not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan
legendary
Activity: 1512
Merit: 1005
Soon we will have the pleasure of reading bloomberg (and others) making "headline-analyzes".

Bitcoin gains as says

Bitcoin down as


I think you will see that they are no better than the ranting here in the wall observer.

legendary
Activity: 966
Merit: 1000
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn.

I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
hero member
Activity: 798
Merit: 1000
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn.
hero member
Activity: 574
Merit: 500
Amusing all the people panicking over a retracement and asking about 'fundamental reason' etc. The RSI was so high a blind man could have seen it.

totally agree...was sitting on 100 ..what more could it have done 120+ ??

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 966
Merit: 1000
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.
hero member
Activity: 798
Merit: 1000
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.

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