Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29607.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: dreamspark on February 17, 2014, 06:41:20 AM

Can someone also explain to me why they need to impose daily withdraw limits if they're not insolvent? Im not saying that they are but
I can understand they want to avoid a bank run crashing their wallet software or whatever but that would only happen if everyone started to make lots of withdraw requests. Why do you need a btc limit for withdraw requests?? Why would you not limit people to one withdraw request per day. The transaction size itself doesnt matter? Whats the difference between 100,000 .05 btc withdrawals and 100,000 50 btc withdrawals? The only thing that can be different if they cant cover 100,000 50btc withdrawals similtaniously. Am I missing something...

+1

Many are blind here, and still have hope of a back to normal situation. MK is giving them this hope.

There is no legit reason to limit bitcoin AMOUNT. MK doesn't care about btc price on other exchanges!

Also, this announcement confirms to Billy & whales at gox, that they were right not being in btc, as withdrawals in btc will be severely limited in amount.Through legal avenues, fiat could be retrieved..

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: creekbore on February 17, 2014, 06:43:33 AM

WOW

Just came back from wine, cheese, tv and the mrs to find all hell has broken loose.

Jesus, you people can be really obnoxious....FFS stop throwing abuse at each other.

We all love BTC and think its the future, we just have different time frames and opinions about the journey (except you Jorge obviously, and hell we can embrace you too).

Can everyone just remember there is a human being at the other end of these messages and treat each other with a modicum of respect.

(I can't actually find an emoticon that illustrates stunned/saddened/angry)

Welcome to bitcointalk!

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

WOW

Just came back from wine, cheese, tv and the mrs to find all hell has broken loose.

Jesus, you people can be really obnoxious....FFS stop throwing abuse at each other.

We all love BTC and think its the future, we just have different time frames and opinions about the journey (except you Jorge obviously, and hell we can embrace you too).

Can everyone just remember there is a human being at the other end of these messages and treat each other with a modicum of respect.

(I can't actually find an emoticon that illustrates stunned/saddened/angry)

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: Miz4r on February 17, 2014, 06:40:12 AM

Quote from: TERA on February 17, 2014, 06:35:33 AM

Quote from: Miz4r on February 17, 2014, 06:33:31 AM

Quote from: Tzupy on February 17, 2014, 06:15:30 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because of the tighter withdrawal limits.

Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not.

mtgox mtgox mtgox mtgox. Does everyone have amnesia and forget that there are 20 other problems besides mtgox right now?

There are no 20 other problems. Russia and China is old news, the market has long digested that already. Fundamentals are looking good besides this whole malleability fiasco, but that's all tied to MtGox.

I think 4 of those 20 problems are TERA himeself and 3 other trolls (fonzie,...etc)

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: mellowyellow on February 17, 2014, 06:38:11 AM

Quote from: ?? on ??

You need to admit... there was plenty of good news now, but they were ignored. Imagen that one big company announce they will start except btc. The price would skyrock.

Think we're beyond the point where some good news will get us out of this, pull back your charts to 1 day and you will see what is happening. we've had some excellent news this week, but a the end of the day the sparkle has gone from btc. Smart people are planning exit strategies rather than dreaming of yachts.

We've been goxxed.

I wish I could store a list of retarded posts over time.
@bitcointalk can we implement something like that on our profile page?

It would be so much fun to reflect in a year's time.

dreamspark

hero member

Activity: 798

Merit: 1000

Can someone also explain to me why they need to impose daily withdraw limits if they're not insolvent? Im not saying that they are but
I can understand they want to avoid a bank run crashing their wallet software or whatever but that would only happen if everyone started to make lots of withdraw requests. Why do you need a btc limit for withdraw requests?? Why would you not limit people to one withdraw request per day. The transaction size itself doesnt matter? Whats the difference between 100,000 .05 btc withdrawals and 100,000 50 btc withdrawals? The only thing that can be different if they cant cover 100,000 50btc withdrawals similtaniously. Am I missing something...

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: Miz4r on February 17, 2014, 06:33:31 AM

Quote from: Tzupy on February 17, 2014, 06:15:30 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because of the tighter withdrawal limits.

Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not.

I'm positively surprised that Mark won't open the floodgates of hell....yes, I don't have anything in MTgox....

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: creekbore on February 17, 2014, 03:41:00 AM

Quote from: spooderman on February 17, 2014, 03:29:57 AM

Quote from: creekbore on February 17, 2014, 01:33:20 AM

This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour. The story should've been Gox's incompetency but instead it became a flaw with BTC.

BTC may be the future but the infrastructure needs improving, fixing etc. And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

what PR? The exchanges have a big impact on the price of Bitcoin. When the Bitcoin protocol is fine but the exchanges not, the price will change. You saw this on Gox all the time. BTC out: easy, cash out: hard -> price of btc is higher.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: TERA on February 17, 2014, 06:35:33 AM

Quote from: Miz4r on February 17, 2014, 06:33:31 AM

Quote from: Tzupy on February 17, 2014, 06:15:30 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because of the tighter withdrawal limits.

Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not.

mtgox mtgox mtgox mtgox. Does everyone have amnesia and forget that there are 20 other problems besides mtgox right now?

There are no 20 other problems. Russia and China is old news, the market has long digested that already. Fundamentals are looking good besides this whole malleability fiasco, but that's all tied to MtGox.

mellowyellow

member

Activity: 112

Merit: 10

Quote from: ?? on ??

You need to admit... there was plenty of good news now, but they were ignored. Imagen that one big company announce they will start except btc. The price would skyrock.

Think we're beyond the point where some good news will get us out of this, pull back your charts to 1 day and you will see what is happening. we've had some excellent news this week, but a the end of the day the sparkle has gone from btc. Smart people are planning exit strategies rather than dreaming of yachts.

We've been goxxed.

TERA

hero member

Activity: 728

Merit: 500

Quote from: Miz4r on February 17, 2014, 06:33:31 AM

Quote from: Tzupy on February 17, 2014, 06:15:30 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because of the tighter withdrawal limits.

Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not.

mtgox mtgox mtgox mtgox. Does everyone have amnesia and forget that there are 20 other problems besides mtgox right now?

spooderman

legendary

Activity: 1680

Merit: 1045

this buying is based on an MT statement from EMPTYgox. (I'm not saying they don't have the money, just that they misinform.)

People, do us all a favor: When you can finally get your shit out of there, do so, and never, ever reinvest. (I know I said I was tempted to wire some fiat in there for the ch33p c01nz, but I'm not really that stupid.)

edit: oh yeah, and price should be unaffected by this. Nothing has happened! Gox can continue its death spiral for all I care, let's fucking close this horrible chapter, and ostracize this irresponsible person (Mark) from the community.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Tzupy on February 17, 2014, 06:15:30 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because of the tighter withdrawal limits.

Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too?

I suppose that the market was afraid of another blooper from MtGOX, like last Monday's, and relaxed when they saw that MtGOX just spun their clients around for a few more days.

gngrbeb2000

newbie

Activity: 17

Merit: 0

Quote from: windjc on February 17, 2014, 06:24:31 AM

Quote from: gngrbeb2000 on February 17, 2014, 06:20:57 AM

now its starting to look like a proper rally.

Gox will die again in about 72 hours. If not before. The conspiracy theorists will remain in full force.

Cheap coins for at least 3 more days. Probably more.

yeah i agree that its not moon time. if that fatass had put a time frame besides "soon" then people would be more reassured.

should still get a nice little pop.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: TERA on February 17, 2014, 06:24:16 AM

I'll laugh if the megawhale just starts dumping again.

I'll laugh if he starts buying.

Yololintian

sr. member

Activity: 293

Merit: 250

Quote from: TERA on February 17, 2014, 06:22:08 AM

Quote from: Yololintian on February 17, 2014, 06:15:37 AM

Judging from the responses to the news, a lot of people were short. I was too. Now I'm long (for the short term). This really can't be seen as bad news; they are saying withdrawals will be enabled on Thursday, and most of the speculation was about them not having the amount of coins that they should. I'm just worried now about the dispersion of btc from the Mega-Whale that has been dumping 1000+ per hour for a few days on gox.

Wrong. They didn't say withdrawals will be enabled on Thursday. They said there will be an UPDATE on thursday.

Yes but this time they sound very sure of themselves that they have the solution. The whole tone of this update is reassuring, last time it was fear-inducing.

rmines

full member

Activity: 140

Merit: 100

I believe we currently are seeing a bulltrap. The news at Gox can seem positive at first, but they will go bust eventually and then it's all down down down..

TERA

hero member

Activity: 728

Merit: 500

Quote from: windjc on February 17, 2014, 06:13:43 AM

Quote from: TERA on February 17, 2014, 06:12:43 AM

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

Because you're short and they hate you.

Actually the most rational explanation of market movements I've heard yet.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: gngrbeb2000 on February 17, 2014, 06:20:57 AM

now its starting to look like a proper rally.

Gox will die again in about 72 hours. If not before. The conspiracy theorists will remain in full force.

Cheap coins for at least 3 more days. Probably more.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29607. (Read 26711840 times)