Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33477. (Read 26496289 times)

Quote from: michaelGedi on May 18, 2013, 06:54:44 AM

Quote from: Coinseeker on May 18, 2013, 08:40:00 AM

This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.

However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,

hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking

I'm getting the impression that some people are 'running for their lives' to save their money before everything is closed down all based on rumour and innuendo which has been spread around by people like d5000 and jaroslaw.

These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

I'm not saying you're wrong Samson but do you have a better explanation for the unprecedented* difference in price between mtgox and the minor exchanges? For jaroslaw and co it's just another excuse to cry wolf but that doesn't mean it's necessarily entirely without substance.

* sustained difference since I was an algorithm using more than one exchange to determine price.

There is no explaination that I can think of. Some people will have moved their BTC out of fear which has been hyped on these forums.

I think it's unfounded fear based on the closure of a small payment gateway. Dwolla is small when compared with international wires.

The price only rose on MtGox due to a couple of very large buys eating into the big walls that had been sitting there for days.

I don't watch Bitfinex but I just took a look and the price difference is quite big.

ChartBuddy

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MickeyT2008

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Quote from: MickeyT2008 on May 18, 2013, 08:17:22 AM

Quote from: Coinseeker on May 18, 2013, 08:12:29 AM

This entire line of conversation is a stark reminder that it does not matter what currency dominates the world. At the end of the day, rich people still will look down on poor people so nothing will ever change in that capacity. Rich people will be dorkier than they are today, but just as hateful and oppressive as rich people have ever been.

Really sad and depressing way to start the morning. Cry

+1

Their manipulation of the BTC market is annoying too. That is on topic, after all isn't this the wall movement tracker thread? It's their walls that are messing everything up. If more money does come into BTC then even they won't be able to afford to do that any more, which will let BTC reflect its true value and can only be a good thing. That is of course until the scumbag banks join in with even bigger walls of course.

There's truth to that but a bank is amoral. It's just a building. It's the people that make it "evil". We're just trading one group of greed, oppressive bastards for another. Heck, a few pages back or so there was talk of starting their own bank in some other country. See, Bitcoin is not about hating the banks, its about not being in control. They want to take control from the current rich and powerful, so they can be the ones in control and be the same greedy bastards we have now.

You know what...I'm going to the beach to hang out with the lowly poor people. As I refer to me, them, most of us...the mainstream. Not about to wreck my day over a stupid thread.

Thanks for the +1 brother.

No problem. Anyway, it's the weekend and there's not much happening here, so that's a good idea, enjoy yourself! Anyway, to remain on topic it seems to have consolidated at around $123 - $124 for now, I'll keep an eye in it myself though in case something exciting does happen (partly because it's going to rain here, the beach is miles away and the clutch has gone on my car so there's nothing else to do anyway). Maybe the bulls will go crazy later, make the price rocket and buy me a new car - you never know, hey? Have fun on the beach! If the prices get any more boring and stable today then I'm going to have to wash the dishes for excitement.

thoughtfan

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Quote from: michaelGedi on May 18, 2013, 06:54:44 AM

Quote from: MickeyT2008 on May 18, 2013, 08:17:22 AM

This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.

However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,

hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking

I'm getting the impression that some people are 'running for their lives' to save their money before everything is closed down all based on rumour and innuendo which has been spread around by people like d5000 and jaroslaw.

These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

I'm not saying you're wrong Samson but do you have a better explanation for the unprecedented* difference in price between mtgox and the minor exchanges? For jaroslaw and co it's just another excuse to cry wolf but that doesn't mean it's necessarily entirely without substance.

* sustained difference since I was an algorithm using more than one exchange to determine price.

Coinseeker

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Quote from: Coinseeker on May 18, 2013, 08:12:29 AM

This entire line of conversation is a stark reminder that it does not matter what currency dominates the world. At the end of the day, rich people still will look down on poor people so nothing will ever change in that capacity. Rich people will be dorkier than they are today, but just as hateful and oppressive as rich people have ever been.

Really sad and depressing way to start the morning. Cry

+1

Their manipulation of the BTC market is annoying too. That is on topic, after all isn't this the wall movement tracker thread? It's their walls that are messing everything up. If more money does come into BTC then even they won't be able to afford to do that any more, which will let BTC reflect its true value and can only be a good thing. That is of course until the scumbag banks join in with even bigger walls of course.

There's truth to that but a bank is amoral. It's just a building. It's the people that make it "evil". We're just trading one group of greed, oppressive bastards for another. Heck, a few pages back or so there was talk of starting their own bank in some other country. See, Bitcoin is not about hating the banks, its about not being in control. They want to take control from the current rich and powerful, so they can be the ones in control and be the same greedy bastards we have now.

You know what...I'm going to the beach to hang out with the lowly poor people. As I refer to me, them, most of us...the mainstream. Not about to wreck my day over a stupid thread.

Thanks for the +1 brother.

MickeyT2008

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Quote from: Coinseeker on May 18, 2013, 08:12:29 AM

This entire line of conversation is a stark reminder that it does not matter what currency dominates the world. At the end of the day, rich people still will look down on poor people so nothing will ever change in that capacity. Rich people will be dorkier than they are today, but just as hateful and oppressive as rich people have ever been.

Really sad and depressing way to start the morning. Cry

+1

Their manipulation of the BTC market is annoying too. That is on topic, after all isn't this the wall movement tracker thread? It's their walls that are messing everything up. If more money does come into BTC then even they won't be able to afford to do that any more, which will let BTC reflect its true value and can only be a good thing. That is of course until the scumbag banks join in with even bigger walls of course.

Coinseeker

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Activity: 252

Merit: 250

This entire line of conversation is a stark reminder that it does not matter what currency dominates the world. At the end of the day, rich people still will look down on poor people so nothing will ever change in that capacity. Rich people will be dorkier than they are today, but just as hateful and oppressive as rich people have ever been.

Really sad and depressing way to start the morning. Cry

Miz4r

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Quote from: oroboras on May 18, 2013, 07:12:17 AM

These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

Yes, damn those poor people trying to get off of the bottom rung of life, it shouldn't be allowed! Tongue

Stopping Dwolla is a good way of oppressing the poor and maintaining the status quo.

*puts on tinfoil hat, salutes Che Guevara poster, and goes to work at breadline wage job*

I don't understand what people without a lot of capital are doing on MtGox anyway. There are cheaper and better ways for the 'poor' to acquire bitcoins, Bitstamp for instance offers bitcoins at a nice discount right now. Tongue

ChartBuddy

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oroboras

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Quote from: michaelGedi on May 18, 2013, 06:54:44 AM

These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

Yes, damn those poor people trying to get off of the bottom rung of life, it shouldn't be allowed! Tongue

Stopping Dwolla is a good way of oppressing the poor and maintaining the status quo.

*puts on tinfoil hat, salutes Che Guevara poster, and goes to work at breadline wage job*

samson

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This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.

However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,

hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking

I'm getting the impression that some people are 'running for their lives' to save their money before everything is closed down all based on rumour and innuendo which has been spread around by people like d5000 and jaroslaw.

These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

ChartBuddy

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michaelGedi

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"to be or not to be, that is the bitcoin"

Quote from: Pzi4nk on May 18, 2013, 05:51:26 AM

This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.

However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,

hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking

solex

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100 satoshis -> ISO code

Solex, that's a great signature.

"Got a new wallet? Here's a test address to practice sending to: 18acC6avzFy495oQWbRtr2Z7hirYW4u8DD"

Do you get many takers?

ha, thanks. 4 donations in 4 months, but each time getting smaller.... will be a long while to get to 1 BTC at this rate tho.
Don't forget you can check any address this way:
https://blockchain.info/address/18acC6avzFy495oQWbRtr2Z7hirYW4u8DD

ChartBuddy

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Pzi4nk

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Move over clarinets, I'm getting on the band wagon

Solex, that's a great signature.

"Got a new wallet? Here's a test address to practice sending to: 18acC6avzFy495oQWbRtr2Z7hirYW4u8DD"

Do you get many takers?

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.

However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,

samson

legendary

Activity: 2097

Merit: 1070

This "Get-out-of-Gox" yankee-rally won't last long Cheesy

[emphasis added by Pzi4nk]

Is this a baseball thing?

It's more of an idiot thing.

A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.

They think it's causing a 'bank run' on MtGox - it's hilarious.

Dwolla = Dust transactions.

Pzi4nk

member

Activity: 70

Merit: 10

Move over clarinets, I'm getting on the band wagon