Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33501. (Read 26495679 times)
May 16, 2013, 06:48:02 PM
Real question is when we test 125, which failed 3 times when the market was more bullish 1.5-2 weeks ago, will we break through?
May 16, 2013, 06:47:01 PM
resistance becomes support, 1K+ bid wall @ 118 
May 16, 2013, 06:46:42 PM
All I can think of is how FullTilt, as they were having their accounts seized, kept on stating "don't worry your money is safe". No comments from mtgox on how much was seized is worrisome to say the least. I hope that they have the funds and or the backing to make all cash deposits whole. Do we know if mtgox has the funds in segregated accounts in a jurisdiction of which the US government cant touch?
When the DOJ seized FTP and Stars it happened suddenly, all at once. That's why the event is called "Black Friday". There wasn't any telegraph in advance. Once the DOJ unsealed their case and obtained their warrants for seizure they simply collected everything of FTP's and left the building.
The fact that DHS only went after Gox's Dwolla account is very good in regards to there not being a total catastrophe.
May 16, 2013, 06:45:23 PM
2408 @ 118, bye bye wall.
May 16, 2013, 06:44:35 PM
you see that!
buy now or forever hold worthless mtgox fiat coupons
buy now or forever hold worthless mtgox fiat coupons
All I can think of is how FullTilt, as they were having their accounts seized, kept on stating "don't worry your money is safe". No comments from mtgox on how much was seized is worrisome to say the least. I hope that they have the funds and or the backing to make all cash deposits whole. Do we know if mtgox has the funds in segregated accounts in a jurisdiction of which the US government cant touch?
put that in your pipe and smoke it!
May 16, 2013, 06:34:45 PM
There's a correction coming. Doubt we'll break through 120.
May 16, 2013, 06:29:17 PM
Bitcoin: 1 DHS: 0
May 16, 2013, 06:24:15 PM
1.36M sitting on 120, i believe it was over 2M some hours ago.
May 16, 2013, 06:20:23 PM
$117.99
May 16, 2013, 06:18:28 PM
you see that!
buy now or forever hold worthless mtgox fiat coupons
buy now or forever hold worthless mtgox fiat coupons
All I can think of is how FullTilt, as they were having their accounts seized, kept on stating "don't worry your money is safe". No comments from mtgox on how much was seized is worrisome to say the least. I hope that they have the funds and or the backing to make all cash deposits whole. Do we know if mtgox has the funds in segregated accounts in a jurisdiction of which the US government cant touch?
May 16, 2013, 06:15:10 PM
price difference between Gox and other exchanges is still higher than usual.
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
Agree with the reasons for price differential. Remains to be seen how quickly the other exchanges can expand to cope with the increased volumes if business is truly moving away from Gox
Short term, IMO up more likely than down on Gox for the reasons you state. The 'real' price is probably the mid point between Gox and the rest and perhaps this is the best guage of sentiment.
As of now stable ... the differential is not so large as to imply any sort of panic.
EDIT : Some risk that this is artificially inflating the price in the short term
May 16, 2013, 06:11:53 PM
Well, fair is fair. CNN.com did not throw Bitcoin under the bus. Seems even aside from the attention grabbing headline, the piece is rather positive.
http://money.cnn.com/2013/05/16/technology/bitcoin-mt-gox/index.html?iid=HP_LN
http://money.cnn.com/2013/05/16/technology/bitcoin-mt-gox/index.html?iid=HP_LN
May 16, 2013, 06:09:02 PM
It's pure Gox-comedy that this was ever possible in the first place 
...
"Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
..."Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
Amazingly my E-Trade account doesn't offer that feature either. ;-)
May 16, 2013, 06:05:52 PM
you see that!
buy now or forever hold worthless mtgox fiat coupons
May 16, 2013, 06:02:29 PM
May 16, 2013, 05:51:12 PM
price difference between Gox and other exchanges is still higher than usual.
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
That also means they are dumping on other exchanges to get their fiat back. So it's probably a little of both
May 16, 2013, 05:49:04 PM
price difference between Gox and other exchanges is still higher than usual.
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
May 16, 2013, 05:46:34 PM
Both true. You also can't take 11M BTC as basis for this calculation, because I think the amount of traded BTC is far less. Eitherway, my point is: 300k isn't reachable without a really significant change in the global currency system and not something which is easily reachable, because some VCs invest huge amounts.
bitcoin hit over 1 million a coin last year.
May 16, 2013, 05:42:22 PM
I know this is all over the place, but try to digest this regarding the BTC price: http://libertyblitzkrieg.com/2013/05/16/peter-thiel-gets-the-bitcoin-bug/#more-5747
The scary part to consider is that first big company that takes on BTC. And then, after that, many other larger company will probably feel forced to go along, especially if there is a flow of new funds to supporters of these companies.
Quote
BitPay claimed 1,900 new merchants signed up in April and it continues to sign up over 100 new customers every day. It is currently processing around $5m of Bitcoin transactions per month.
The scary part to consider is that first big company that takes on BTC. And then, after that, many other larger company will probably feel forced to go along, especially if there is a flow of new funds to supporters of these companies.
May 16, 2013, 05:42:15 PM
It's pure Gox-comedy that this was ever possible in the first place ...
"Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
..."Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
The unfunded orders wouldn't show up in the public order book. Just on your account with an insufficient funds error. It was nice because if you only had one currency you could place a bid and an ask. When the funded order filled your other order would activate. Easy enough to script and not worth the performance hit though, so I support the move.
Thanks for the clarification
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