Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30479.

virtualfaqs

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Quote from: Davyd05 on January 07, 2014, 01:27:12 AM

Quote from: virtualfaqs on January 07, 2014, 01:24:58 AM

Quote from: Davyd05 on January 07, 2014, 01:22:28 AM

Quote from: virtualfaqs on January 07, 2014, 01:20:46 AM

Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

18 more at 1030 at 1:16 am lol

IMO: this is not a pause unless the dump they paused was not posted at all.. which is the most iffy idea.

However looking at the chart much more coins have been dumped in the last 24hrs with no stuttering.. so I think it was a ddos perhaps

Why is no one on the other exchanges panic selling? It really looks like it was a cutoff. Is that not a free chance to sell now?

well the same reason there sub 1k before hand. They're victim to flow of fiat in and out.

I'm still just confused about this being caused by that measly selloff .. and the dumper should just dump when he can.

I just hope the dump isn't over 10,000 because I didn't prepare any fiat for that.

Davyd05

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Quote from: virtualfaqs on January 07, 2014, 01:24:58 AM

Quote from: Davyd05 on January 07, 2014, 01:22:28 AM

Quote from: virtualfaqs on January 07, 2014, 01:20:46 AM

Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

18 more at 1030 at 1:16 am lol

IMO: this is not a pause unless the dump they paused was not posted at all.. which is the most iffy idea.

However looking at the chart much more coins have been dumped in the last 24hrs with no stuttering.. so I think it was a ddos perhaps

Why is no one on the other exchanges panic selling? It really looks like it was a cutoff. Is that not a free chance to sell now?

well the same reason there sub 1k before hand. They're victim to flow of fiat in and out.

I'm still just confused about this being caused by that measly selloff .. and the dumper should just dump when he can.

I've been unable to access the webpage so I'm assuming unless they have a panic button where they can just cut the system off hard this has to be ddos

yet the buy are still flowing through this is oddddddd

virtualfaqs

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Quote from: Davyd05 on January 07, 2014, 01:22:28 AM

Quote from: virtualfaqs on January 07, 2014, 01:20:46 AM

Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

18 more at 1030 at 1:16 am lol

IMO: this is not a pause unless the dump they paused was not posted at all.. which is the most iffy idea.

However looking at the chart much more coins have been dumped in the last 24hrs with no stuttering.. so I think it was a ddos perhaps

Why is no one on the other exchanges panic selling? It really looks like it was a cutoff. Is that not a free chance to sell now?

Edit: Possibility huge account was hacked and that triggered the stop? Not sure if Motgox would have that capability.

Odalv

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Quote from: NamelessOne on January 07, 2014, 01:15:21 AM

Quote from: virtualfaqs on January 07, 2014, 01:11:54 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

It was at 990 and seemingly still going and click the exchange turns off.

and order book reset before dump.

billyjoeallen

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Quote from: medialab101 on January 07, 2014, 01:12:49 AM

Quote from: mooncake on January 06, 2014, 08:49:04 PM

Quote from: MAbtc on January 06, 2014, 08:44:09 PM

That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).

If you live in Japan, wouldn't you be rich? Grin

I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface

Keep me posted on this. I thought the MTGOX black hole was just for us yanks. How does that place still operate? Been waiting on my wire xfer since Nov 11. got an email a week ago from tech support telling me they don't even have an ETA for it yet. Magical Tux is letting a billion dollar opportunity bleed market share like a hemophiliac gargling razorblades.

Davyd05

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Quote from: virtualfaqs on January 07, 2014, 01:20:46 AM

Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

18 more at 1030 at 1:16 am lol

IMO: this is not a pause unless the dump they paused was not posted at all.. which is the most iffy idea.

However looking at the chart much more coins have been dumped in the last 24hrs with no stuttering.. so I think it was a ddos perhaps

17 more at 1030 at 1:23 am

NamelessOne

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Quote from: windjc on January 07, 2014, 01:17:51 AM

Quote from: NamelessOne on January 07, 2014, 01:15:21 AM

Quote from: virtualfaqs on January 07, 2014, 01:11:54 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

It was at 990 and seemingly still going and click the exchange turns off.

Thats pretty hilarious if they have added a feature like this. Fine with me. Keep people from manipulating a market.

Dumping more than a 100 btc is either someone who is an idiot or someone trying to push the market lower.

I don't mind killing some manipulation, but it should be public and transparent. The exhchange should be paused for a moment and then resumed, not turned off for 20 minutes to multiple hours (who knows how long this will last. The last goxloop lasted hours.) The person could then of course make individual sells, 50-75btc at a time, so in the end it would stop too much and it just ends up being trading in the end.

arepo

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this statement is false

Quote from: virtualfaqs on January 07, 2014, 01:20:46 AM

Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

LOL'd hard Cheesy

virtualfaqs

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Bet when we come back we'll start at 749 and Coinbull will come swooping in with his BTC address. Wink

windjc

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Quote from: NamelessOne on January 07, 2014, 01:15:21 AM

Quote from: virtualfaqs on January 07, 2014, 01:11:54 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

It was at 990 and seemingly still going and click the exchange turns off.

Thats pretty hilarious if they have added a feature like this. Fine with me. Keep people from manipulating a market.

Dumping more than a 100 btc is either someone who is an idiot or someone trying to push the market lower.

NamelessOne

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Quote from: mmitech on January 07, 2014, 01:14:43 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

BTW this is what wall street Wink

Circuit breakers yes, but this is Bitcoin that wasn't even a massive sell, it was just a sell timed relatively well to bust through a bit of support out the bottom of a pennant.

virtualfaqs

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Quote from: NamelessOne on January 07, 2014, 01:15:21 AM

Quote from: virtualfaqs on January 07, 2014, 01:11:54 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

It was at 990 and seemingly still going and click the exchange turns off.

Whoever bought at 1029.9999 got seriously screwed. Grin

Probably a bot.

NamelessOne

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Quote from: virtualfaqs on January 07, 2014, 01:11:54 AM

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

It was at 990 and seemingly still going and click the exchange turns off.

mmitech

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things you own end up owning you

Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

BTW this is what wall street does Wink

wrostek

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At least Gox didnt start looping again.. I have to go back in my database and delete transactions when that happens...

virtualfaqs

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Quote from: mmitech on January 07, 2014, 01:09:56 AM

good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990 Cheesy

some men want to watch the world burn Cheesy

it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...

I don't think so. Someone is making a lot of money off the manipulation. Most of us are just fish in a sea full of whales.

medialab101

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Quote from: mooncake on January 06, 2014, 08:49:04 PM

Quote from: MAbtc on January 06, 2014, 08:44:09 PM

That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).

If you live in Japan, wouldn't you be rich? Grin

I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface

virtualfaqs

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Quote from: NamelessOne on January 07, 2014, 01:09:49 AM

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.

Richard Branson

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Screw It, Let's Do It

Quote from: virtualfaqs on January 07, 2014, 01:06:54 AM

I think the massive dump triggered a shutoff switch.... Shocked

Again... either shitty software or failsafe against price dump. It's an unregulated market, everthing is allowed.

Quote from: mmitech on January 07, 2014, 01:09:56 AM

good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990 Cheesy

some men want to watch the world burn Cheesy

it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...

That's called profit taking. How to unload your tousands of bitcoins? Everybody should be satisfied with a 10000 or 100000 increase in his wealth (early adopter). Locking in some profit is absoluty ok. Not selling even a small part is hardcore greed.

billyjoeallen

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Quote from: TERA on January 07, 2014, 12:49:48 AM

Quote from: spooderman on January 07, 2014, 12:46:23 AM

My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.

Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.

You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months.

We've never had a double top in bitcoin either. Still, if you think the intervals between rallies is roughly correlated with the proportional size of the rally, then 3 months is what I put the next ATH at. Yet, and I know this sounds crazy, what if the double top was just a bear trap and the real rally is just getting started? The FED and the fractional reserve system is creating about 800 billion $/month and some of that will find it's way into bitcoin. and that's just the U.S.- every central bank is printing like mad now. Much less than 1% of that new (counterfeit) fiat would double the BTC market cap in one month.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30479. (Read 26711840 times)