Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32225. (Read 26712326 times)

legendary
Activity: 1428
Merit: 1000
300 is a nice round number for sellers, i think it will yo-yo around that for a while
newbie
Activity: 13
Merit: 0
The technical support meltdown in #mtgox right now is quite a spectacle to behold.

Is this in regards to people not being able to get fiat out? Or is it fiat AND BTC?

yes it is both. gox is fucking lol.



cant get fiat OR BTC


hahahaha

It apparently is related to mining pools dumping there nice new coins directly onto the exchange. So apparently with minted coin, they need 100 confirmations before they can be spent? So he mixes your transfer out with the new mints, and presto...you are stuck waiting 3 days for your coins...

Ah! That's a pretty good technical explanation really. I just tried a BTC withdraw out of curiosity. Lets see how long it takes.

EDIT: Just got the BTC as I clicked posted. Took no more then a minute. Withdrew 10 BTC as a tester (didn't want it to not work and leave a whole chunk in limbo!)

So anyway, seems like FUD to me unless the amount makes any difference (which I doubt).

It's definitely not FUD. I've been waiting for my double-digit BTC withdrawl for almost a day, and a lot of people in the mtgox IRC last night have been waiting a lot longer.

The support said there was a technical issue being resolved, possibly the issue that was just explained about using newly minted coins. Perhaps that bug has been resolved, so new withdrawls work, but they're still processing the backlog of transactions that need to be manually sent?
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot


"I feel it will go higher but the plan is in place. Discipline son. Discipline."



respect
hero member
Activity: 520
Merit: 500
sr. member
Activity: 302
Merit: 250
Would someone define ATH?
hero member
Activity: 854
Merit: 1000
Life as a bitcoin whale manipulator with tons of fiat and bitcoins

- place a new giant bidwall lower than previous supporting wall, where you want the price to go
- take a big whale dump on bids and get more fiat while minnows poop lower priced coins into your low wall
- Put a new bid wall at a higher price and watch the minnows panic buy, now you got more fiat, more coins

I get it. Yet I've fallen for it so many times.

Not as easy as it sounds. Other whales eat you.

forgive me for not shedding a tear for making the minnows panic Wink
sr. member
Activity: 462
Merit: 250
That's just how it goes in a tank full of fish.. Any fish small enough to fit in another's mouth will inevitably wind up as food.
full member
Activity: 207
Merit: 120
Life as a bitcoin whale manipulator with tons of fiat and bitcoins

- place a new giant bidwall lower than previous supporting wall, where you want the price to go
- take a big whale dump on bids and get more fiat while minnows poop lower priced coins into your low wall
- Put a new bid wall at a higher price and watch the minnows panic buy, now you got more fiat, more coins

I get it. Yet I've fallen for it so many times.

So is that why they call it a whale?  Like Humpback whales do the same thing with air bubbles...blowing a ring around krill and driving them up to the surface to eat them...

Don't think its that nuanced. More like because whales are big, and manipulators are big in the wallet.
full member
Activity: 135
Merit: 113
whale eater
Life as a bitcoin whale manipulator with tons of fiat and bitcoins

- place a new giant bidwall lower than previous supporting wall, where you want the price to go
- take a big whale dump on bids and get more fiat while minnows poop lower priced coins into your low wall
- Put a new bid wall at a higher price and watch the minnows panic buy, now you got more fiat, more coins

I get it. Yet I've fallen for it so many times.

Not as easy as it sounds. Other whales eat you.
sr. member
Activity: 476
Merit: 250
Quote from: David M ****Date Of Post=April 2013****
My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.


My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

The old man has been awed by this latest rally and almost considered waiting for higher prices.

"I feel it will go higher but the plan is in place. Discipline son. Discipline."

He has moved another 100BTC onto an exchange....

hero member
Activity: 520
Merit: 500
Life as a bitcoin whale manipulator with tons of fiat and bitcoins

- place a new giant bidwall lower than previous supporting wall, where you want the price to go
- take a big whale dump on bids and get more fiat while minnows poop lower priced coins into your low wall
- Put a new bid wall at a higher price and watch the minnows panic buy, now you got more fiat, more coins

I get it. Yet I've fallen for it so many times.

So is that why they call it a whale?  Like Humpback whales do the same thing with air bubbles...blowing a ring around krill and driving them up to the surface to eat them...
hero member
Activity: 854
Merit: 1000
Life as a bitcoin whale manipulator with tons of fiat and bitcoins

- place a new giant bidwall lower than previous supporting wall, where you want the price to go
- take a big whale dump on bids and get more fiat while minnows poop lower priced coins into your low wall
- Put a new bid wall at a higher price and watch the minnows panic buy, now you got more fiat, more coins

I get it. Yet I've fallen for it so many times.
legendary
Activity: 1400
Merit: 1013
Guess the bears have ran out of ammo again.  I don't know why they keep trying.
Levered traders who need to pay back their loans?
hero member
Activity: 854
Merit: 1000
why would i sell at 320 when i can sell at 280 Huh
hero member
Activity: 518
Merit: 500
Guess the bears have ran out of ammo again.  I don't know why they keep trying.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 196
Merit: 100
The technical support meltdown in #mtgox right now is quite a spectacle to behold.

Is this in regards to people not being able to get fiat out? Or is it fiat AND BTC?

yes it is both. gox is fucking lol.



cant get fiat OR BTC


hahahaha

It apparently is related to mining pools dumping there nice new coins directly onto the exchange. So apparently with minted coin, they need 100 confirmations before they can be spent? So he mixes your transfer out with the new mints, and presto...you are stuck waiting 3 days for your coins...

Ah! That's a pretty good technical explanation really. I just tried a BTC withdraw out of curiosity. Lets see how long it takes.

EDIT: Just got the BTC as I clicked posted. Took no more then a minute. Withdrew 10 BTC as a tester (didn't want it to not work and leave a whole chunk in limbo!)

So anyway, seems like FUD to me unless the amount makes any difference (which I doubt).
User sturle reported something about a coinbase related 100 confirmations bug in the thread Mt.Gox withdrawal (the gathering).
From all I have seen, it was mostly people flipping out, when Gox had to refill from cold storage.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
As a newcomer and "rediscovering" bitcoin exactly a week ago and now waiting desperately verification on bitstamp, imagine how i am now watching the price movements  Shocked. Although, the last 2 hours seem promising. Cheesy

Sometimes faster coins are better than cheaper coins.  If you want some today, check out localbitcoins or bitcoin-brokers (which is like local bitcoin but with concierge service)
member
Activity: 68
Merit: 10
As a newcomer and "rediscovering" bitcoin exactly a week ago and now waiting desperately verification on bitstamp, imagine how i am now watching the price movements  Shocked. Although, the last 2 hours seem promising. Cheesy
hero member
Activity: 854
Merit: 1000
still holding, earlier this year I'd have pulled my patented sell low buy high move

same here. still hurts, but not as much as loosing BTC

Managed to pull the correct manoeuvre this time (sell high, buy low, but not as low as I could have in the hindsight Tongue ), compensating a minor loss from this morning. Holding 100% from now on.

I'm in the process of grudgingly moving some btc back to gox for trading cause bitstamp is just awful for that : hope to pull a similar move (only going to risk 20% of btc max for trading)
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