Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32531. (Read 26608931 times)

Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.

They're not even visiting the forum. I had a friend that I turned on to Bitcoin and was going to help them set up their business to accept it. I sent everyone I could think of at BitPay a PM trying to get them help because the company email wasn't being answered. No response so my friend gave up.

Perhaps they think anything they can tell us would make the situation worse, and perhaps they're right.

Yeah, why is that? I haven't seen Charlie from Bitinstant, Roger Ver or anyone from BitPay post here in a long time. Are they under a gag order or what?

100%

At this point I think that mtgox doesn't know what's going on either. That means they have no idea what's wrong with their banks, they just can't access their funds.
It seems to me that the FEDs have frozen or at least partially suspended their accounts. This would also be in tune with the Roger Ver Video. (Irony is that's the last we've heard something from them.)

A gov shutdown isn't really significant. But, failure to raise the debt ceiling by Oct 17 is...

Time for another mini correction.

what is this big news i missed?

Do they have any USD left? Didn't it all go with the seizure?

Moving BTC around has proven to be uncensorable (easy). To determine what happens at Gox, it is much more important to know how much fiat currency they have

nah, I think its pretty plain and simple: someone is willing to take the risks and just sell.

or it could be gox selling their btc stashes at premium prices.

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Assuming the person(s) placing that ask wall don't:

(1) Have special relationship that allows them to withdraw for some additional fee.
(2) Have insider information of an upcoming partnership announcement that resolves all withdrawal issues.

They may still just be betting that the price will fall.  They can then re-purchase those bitcoins on Mt Gox at a lower price.

Thus far, that hasn't been working out well for them.

LOL, in April I took goxusd as payment for silver and gold You will find it in my public diary, those were the days when commissions abounded... The need to buy back silver now is a direct result of those actions in the spring. I took a long vacation in between...

(This time we are talking about selling in bitstamp, as evident from the quote)

After this reduction, bitcoins are still my largest holding by asset type. They are spread in multiple companies and jurisdictions, and - thank you for taking care about me - it is unlikely that I would be able to sell them all in a panic. In April I had a scheme to sell BTC2000, but managed to sell only about BTC300 before the price crashed (the following day). Then I bought back 3 times the amount and then some. Next adjustment down will be about 20%, when the first of the following happens:
- Price rises to 1000-2000
- It generates a 2013-style bubble, even if price is less than 1000
- In March, 2015
- Need to purchase something and bitcoin is most (tax-)efficient to sell.

My prediction that Bitcoin would go to $300k by the end of the year did both good and harm. Financially it ended up doing good. I bought a lot of "unnecessary" bitcoins above the core position after the crash. Now I can sell them at wash (or better), and buy back the silver cheaper.

I am not surprised that 6k ask wall was filled, but rather someone actually placed an 6k ask.

I find it very risky to sell btc on mtgox.

The fact that ~ 6000+ bitcoins have already been listed at an ask price of $145, and fulfilled, should say something.  There is resistance, but people are still placing market buys.  There is no selling pressure, probably partially because there'd be a lot of slippage currently to the downside and no one seems to want to pick up at $142/$143 now when they'd be better off putting up an ask wall at $146...

Also, Mt Gox issues have been known by bitcoin day traders, etc., for months now.  If anything has been "priced in" for a while, it's that.  It seems much less likely, as one user posted, that this is some 4-month delayed panic buying that, coincidentally, just happens to be perfectly timed with big news.  People have been talking about "panic buying" on Mt Gox for half of 2013 now.

Just my thoughts though...

People should stop thinking that there are only 41k BTC on Gox. Just 3 days ago there were 55k BTC on the ask side and IMO the 'missing' 14k BTC are still on Gox,
waiting to be dumped at the right price. You'll see them again, probably within a week (some of them sooner), together with their offspring. 

panic would bring mtgox price to 200+ in no time.

people are smarter then that.

smartest among them (whales) bought bitcoins @ 68 $.