Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29917.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: micalith on February 07, 2014, 05:39:48 AM

Quote from: HairyMaclairy on February 07, 2014, 05:29:26 AM

Quote from: MANofthePEOPLE on February 07, 2014, 05:27:17 AM

Quote from: HairyMaclairy on February 07, 2014, 05:26:47 AM

First block hit. Let's see what happens.

What does this mean?

Miners have not mined a block for over an hour. Means all the coins moving to the exchange to sell have been stuck in queue. Now released.

now 4 blocks mines since (https://blockchain.info/blocks). how many confirmations does Gox require? 4 or 6?

Please tell me you are not sending coins to Gox.

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Quote from: seleme on February 07, 2014, 05:36:56 AM

Lol, I just made 5.5 BTC on that scam Maxcoin in like 5 minutes Grin

How?

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: mestar on February 07, 2014, 05:37:33 AM

Quote from: HairyMaclairy on February 07, 2014, 05:29:26 AM

Miners have not mined a block for over an hour. Means all the coins moving to the exchange to sell have been stuck in queue. Now released.

But that would just bring one short block worth of transactions. You need to wait 3 or more confirmations when all the transactions in that one hour window become available.

Fair comment. We have 3 confirmations now though.

magicmexican

hero member

Activity: 812

Merit: 1000

Quote from: seleme on February 07, 2014, 05:36:56 AM

Lol, I just made 5.5 BTC on that scam Maxcoin in like 5 minutes Grin

did it skyrocket?

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: mmitech on February 07, 2014, 05:37:41 AM

hello Guys, and hell I was wrong, I thought we will never test that 700 again, and I still don't understand why, I wasn't paying attention to the price lately so I have no idea what is going on but something caught my attention, Stamp and Gox have the same price now !!!! are withdrawals on gox working again ?

No, BTC withdrawals aren't working, so...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: hd060053 on February 07, 2014, 05:39:12 AM

so what do all the people do with the GOX $ now?

the same what we do with Gox BTC Grin

micalith

hero member

Activity: 894

Merit: 501

Quote from: HairyMaclairy on February 07, 2014, 05:29:26 AM

Quote from: MANofthePEOPLE on February 07, 2014, 05:27:17 AM

Quote from: HairyMaclairy on February 07, 2014, 05:26:47 AM

First block hit. Let's see what happens.

What does this mean?

Miners have not mined a block for over an hour. Means all the coins moving to the exchange to sell have been stuck in queue. Now released.

now 4 blocks mines since (https://blockchain.info/blocks). how many confirmations does Gox require? 4 or 6?

Mythul

sr. member

Activity: 644

Merit: 250

WOW. This is incredible !!! I've never seen MtGox under BTC-e / Stamp.

This is like witnessing the death of a star, a supernova. This free market is incredible ! Such fireworks.

hd060053

hero member

Activity: 601

Merit: 503

so what do all the people do with the GOX $ now?

optimi

newbie

Activity: 51

Merit: 0

https://i.imgur.com/mW2BuzX.jpg

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Even if I am losing wealth with fiat accounting, this crash makes me happy. Bitcoin was so boring these last weeks.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: el_rlee on February 07, 2014, 05:28:14 AM

Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?

It's actually not that difficult to see why.

Put yourself in the shoes of one of the poor sods who didn't heed the warnings (and warnings. and warnings. and warnings...) to get out of that shithole mtgox.

Until recently it was accepted that they have a fiat problem, ergo: a USD/BTC premium, in the range of 10 to 15%, because the goxtards felt holding btc is more secure.

Now it turns out gox is one step away from going belly up, as they have problems with the coin withdrawal as well...

What to do? Buy coins (that you can't withdraw), or sell coins (to get fiat you can't withdraw either).

The result is really pretty simple: panic.

And panic, in any market, leads to a crashing price of the asset, plain and simple.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

hello Guys, and hell I was wrong, I thought we will never test that 700 again, and I still don't understand why, I wasn't paying attention to the price lately so I have no idea what is going on but something caught my attention, Stamp and Gox have the same price now !!!! are withdrawals on gox working again ?

mestar

sr. member

Activity: 407

Merit: 250

Quote from: HairyMaclairy on February 07, 2014, 05:29:26 AM

Miners have not mined a block for over an hour. Means all the coins moving to the exchange to sell have been stuck in queue. Now released.

But that would just bring one short block worth of transactions. You need to wait 3 or more confirmations when all the transactions in that one hour window become available.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Lol, I just made 5.5 BTC on that scam Maxcoin in like 5 minutes Grin

medialab101

hero member

Activity: 583

Merit: 500

Quote from: TERA on February 07, 2014, 05:32:20 AM

Quote from: gizmoh on February 07, 2014, 05:30:00 AM

Quote from: el_rlee on February 07, 2014, 05:28:14 AM

Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?

Simple Gox-btc losing value v/s Gox-USD, as it cannot be withdrawn..

So when gox fixes btc withdrawals but not fiat withdrawals, does it rocket back up again?

They plan to be working on it all weekend and gave the impression it might take longer. Don't expect any BTC to be flowing out of Gox anytime soon.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: mestar on February 07, 2014, 05:22:02 AM

Quote from: JorgeStolfi on February 07, 2014, 05:20:34 AM

It may be that the banks re-opened after the New Year's holiday week, and money withdrawals became possible again; so that investors who were disappointed with Bitcoin's performance over the holidays immediately started dumping and taking the cash out.

And as we all know, you need to have a bank open to request a withdrawal from a web site.

Here bank transfers are executed only during business hours. If that is the case in Chine too, a withdrawal from the exchange while banks are closed will only lock the money up. Clients presumably will prefer to keep playing until the banks open.

TakeTheSkyRoad

full member

Activity: 173

Merit: 100

Quote from: TakeTheSkyRoad on February 06, 2014, 09:13:39 AM

I've moved to 50% fiat.... it's making me nervous that Gox has dropped from over $900 to $840 but Stamp & BTC-E have barely shifted.
Maybe the gap is being closed (which is good) but I can't see why and there's not much news to go on, just the Apple FUD.

Arse... kicking myself now since I panic bought back in at a small loss (0.15 BTC) at $774.

I'm not sure which is harder, holding in BTC hoping for $5,000 bitcoins (lol) or holding in cash hoping to increase your BTC stash with cheap coins. Either way I've missed out on profiting from this dip !

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: surfer43 on February 07, 2014, 05:28:53 AM

Quote from: el_rlee on February 07, 2014, 05:28:14 AM

Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?

Bitcoin withdrawals stopped working.

Well, on the good news front my BTC withdrawal (that was lost in the ether) has at least been re-credited to my GOX account. So, they are at least keeping their word there - you can't escape. Even though its a volatile market I'm buggered if I'm giving them anymore fees - if they had any sense they'd make it zero fees for the weekend - let people have some fun.

Tried a withdrawal for a laugh...no notice that the service has stopped just an error message saying the amount is invalid.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

as someone with only one eye on the market right now, the price is hilarious.

EDIT:Just look at these people on gox.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29917. (Read 26708350 times)