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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32899. (Read 26467860 times)

sr. member
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This account was recently hacked

Why is $180 being thrown around ? Am I missing something here ?
$180 is a running joke on this thread, not a serious prediction.  You never know though...
sr. member
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This is more along the lines of my thinking.

Why is $180 being thrown around ? Am I missing something here ?
legendary
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hero member
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I was hoping mtgox Euros prices might follow the USD less sluggishly.
full member
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A Top Web 3 Gaming Layer2 Provider
legendary
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Marketing manager - GO MP
sr. member
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Click on "quote from".
full member
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FWIW

Mtux says Mizuho Bank's automated wire transfer API is broken right now.  Wires can only be sent out manually by Mizuho.  Gox is opening accounts at other banks, which should drastically improve USD withdrawal times and bypass the technical problems at Mizuho.  This process should take around 2 weeks.

Lets examine this a little.

An API which has been working perfectly for a bank suddenly stops working and there is no solution to the problem apart from opening new bank accounts ?

Banks don't just go in and break their systems, if there was a software issue with their API they would roll back any recent changes and make it work again.

This is an excuse. Knowing how Asian businesses operate I would say it's a 'face saving' excuse.

I think I can say that this is also a lie - someone at the bank is lying to mtux if this is what was said.

Code:
[23:08] we broke their system due to the volume
[23:08] the bank's system?
[23:08] what do you mean broke?
[23:08] yep
[23:08] it's broken
[23:08] a technical problem?
[23:08] yep
[23:09] they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)

if anyone wants to interpret it any differently.


Where is the rest of this conversation?  Looks like I missed it...
legendary
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
member
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It's looks like your mother's dildo has completed construction. I mean... blast off!
legendary
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The big money is coming.. 112 has been broken and we can prepare for launch into the stratosphere. 180 here we come! Cheesy
hero member
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it's getting interesting
hero member
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hero member
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I'm not really paying attention but did the wall at $115 get bigger again after that big buy?

Edit: it adjusted already. Just Mtgox lag.
full member
Activity: 220
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sr. member
Activity: 434
Merit: 250
FWIW

Mtux says Mizuho Bank's automated wire transfer API is broken right now.  Wires can only be sent out manually by Mizuho.  Gox is opening accounts at other banks, which should drastically improve USD withdrawal times and bypass the technical problems at Mizuho.  This process should take around 2 weeks.

Lets examine this a little.

An API which has been working perfectly for a bank suddenly stops working and there is no solution to the problem apart from opening new bank accounts ?

Banks don't just go in and break their systems, if there was a software issue with their API they would roll back any recent changes and make it work again.

This is an excuse. Knowing how Asian businesses operate I would say it's a 'face saving' excuse.

I think I can say that this is also a lie - someone at the bank is lying to mtux if this is what was said.

Code:
[23:08] we broke their system due to the volume
[23:08] the bank's system?
[23:08] what do you mean broke?
[23:08] yep
[23:08] it's broken
[23:08] a technical problem?
[23:08] yep
[23:09] they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)

if anyone wants to interpret it any differently.
member
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Gentlemen, we are reaching escape velocity on the price right now  Cool
hero member
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legendary
Activity: 2534
Merit: 2245
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Question for the Wall specialists.

When you look at the form of the wall the sell side looks like a strong wave about to flood over the buy side, just like the buy side looked when it was going up fastly at the start of the year.

Currently the buy wall looks like a gradual slope up, looks much weaker then the wave on the sell side, and if I remember correctly the sell side also looked like this at the start of the year.

Is it fair to conclude that the sell side is stronger when looking at the form of the walls?

And is it fair to conclude from that that prices have a higher chance to go down than up, based on wall form?

You tend to see this when the price moves. The movement "eats" into the side it moves into making it look steep. Many orders are cancelled automatically (and other new ones placed) but it can take a while for those trading manually to adapt to new circumstances.
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