Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33515.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: MAbtc on May 15, 2013, 03:34:51 PM

Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.

I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.

Risky business, I'd hate to have my funds seized before they made it to a vendor !

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: UltimateReaper on May 15, 2013, 03:37:17 PM

Quote from: Frozenlock on May 15, 2013, 02:53:32 PM

Quote from: UltimateReaper on May 15, 2013, 02:52:52 PM

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

For once I think there is a good chance for the price to downtrend some more, that being said...

Spiked at $116, just saying. Cheesy

michaelGedi

sr. member

Activity: 364

Merit: 250

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

Quote from: MAbtc on May 15, 2013, 03:34:51 PM

Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.

not at all, just sick of it being one or the other... but let's stop being so conspiracy theorist...

big VCs risking all that money?? you think they wouldn't have looked into this right?

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: Frozenlock on May 15, 2013, 02:53:32 PM

Quote from: UltimateReaper on May 15, 2013, 02:52:52 PM

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

For once I think there is a good chance for the price to downtrend some more, that being said...

Abandon

member

Activity: 112

Merit: 10

Quote from: KillaMarci on May 15, 2013, 03:32:07 PM

Just saw the huge spike to $116, seems like Gox is back for now. Bought instantly on Bitstamp @ $108 - Quickness is gonna pay off

Earlier I routed a few orders through Bitstamp too.

MAbtc

hero member

Activity: 826

Merit: 508

Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: KillaMarci on May 15, 2013, 03:25:00 PM

Move it to Bitstamp. Way nicer interface anyways. Wink

I've traded on Bitstamp through Bitfinex but I did setup a direct account yesterday and yeah, it is pretty nice. Now onto verification.

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Just saw the huge spike to $116, seems like Gox is back for now. Bought instantly on Bitstamp @ $108 - Quickness is gonna pay off

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Frozenlock on May 15, 2013, 03:29:06 PM

I do.

Unfortunately. Cry

What? Frozenlock turned bull? This shit is going down! Tongue

samson

legendary

Activity: 2097

Merit: 1070

Quote from: Abandon on May 15, 2013, 03:27:51 PM

Anyone else predict that the price is going to jump once Mt.Gox gets back on its feet?

Jump yes, like jumping off the edge of a cliff.

michaelGedi

sr. member

Activity: 364

Merit: 250

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

Quote from: TsuyokuNaritai on May 15, 2013, 03:24:51 PM

This:

http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/

Quote

It’s important to note here that Homeland Security is not cracking down on Bitcoin itself, just on how it’s being exchanged by Mt. Gox. This is actually good news for Mt. Gox’s US-based competitors, such as Seattle-based CoinLab and San Francisco-based Coinbase, Bitcoin exchanges that have registered with the Treasury Department as money transmitters and thus are in the legal clear to conduct Bitcoin <—> $ exchanges.

good, yes this is what I thought all along, but all the fucking FUD on this thread this time last night got to me after about 3 hours and I did some very stupid things.... now $300 down, luckily still in the same amount of coins.... will hold through any loose fingered crash that might occur as there is too much other positive going on for bitcoin alongside this (probably quite positive) setback...

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

How the hell am I supposed to sleep tonight... Roll Eyes

Hope Gox gets back soon so I can make a decision...

Frozenlock

sr. member

Activity: 434

Merit: 250

I do.

Unfortunately. Cry

Abandon

member

Activity: 112

Merit: 10

Anyone else predict that the price is going to jump once Mt.Gox gets back on its feet?

samson

legendary

Activity: 2097

Merit: 1070

Quote from: KillaMarci on May 15, 2013, 03:13:14 PM

Quote from: samurai1200 on May 15, 2013, 03:08:47 PM

With all this bad news and lag surrounding MtGox, why haven't people been leaving? Is it fear of lower liquidity? Chicken-or-egg problem? Catch-22? (all the same thing I believe)

It may be the fact that people have a lot of faith in Bitcoin. And since Mt.Gox can't pay out $'s at the moment they are just holding on to their BTC instead.

MtGox can pay out US$'s at the moment via wire transfers.

This is the normal way of making large international payments.

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: Pale Phoenix on May 15, 2013, 03:24:11 PM

Quote from: KillaMarci on May 15, 2013, 03:13:14 PM

It may be the fact that people have a lot of faith in Bitcoin. And since Mt.Gox can't pay out $'s at the moment they are just holding on to their BTC instead.

It's hard to tell what's going on now since most people can't even get the site to load, but I converted the dollars I had on Gox to BTC and moved them off this morning. I really don't think anything major will come of this Dwolla situation but this morning it was all kinda muddy and I feel better with it in Armory for now.

Move it to Bitstamp. Way nicer interface anyways. Wink

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

This:

http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/

Quote

It’s important to note here that Homeland Security is not cracking down on Bitcoin itself, just on how it’s being exchanged by Mt. Gox. This is actually good news for Mt. Gox’s US-based competitors, such as Seattle-based CoinLab and San Francisco-based Coinbase, Bitcoin exchanges that have registered with the Treasury Department as money transmitters and thus are in the legal clear to conduct Bitcoin <—> $ exchanges.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: KillaMarci on May 15, 2013, 03:13:14 PM

It may be the fact that people have a lot of faith in Bitcoin. And since Mt.Gox can't pay out $'s at the moment they are just holding on to their BTC instead.

It's hard to tell what's going on now since most people can't even get the site to load, but I converted the dollars I had on Gox to BTC and moved them off this morning. I really don't think anything major will come of this Dwolla situation but this morning it was all kinda muddy and I feel better with it in Armory for now.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: Pale Phoenix on May 15, 2013, 03:03:46 PM

I believe they use Cloudflare and Prolexic to handle DDOS. I'm not sure how that applies to their trading engine though... it seems like they get flooded with huge numbers of .01 ask/bid adds and removes, and then the lag starts.

Actually, following up on that... I've noticed a lot of asks/bids with zero quantity scrolling by on clark moody, such as this:

No idea what that's about.

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: samurai1200 on May 15, 2013, 03:08:47 PM

With all this bad news and lag surrounding MtGox, why haven't people been leaving? Is it fear of lower liquidity? Chicken-or-egg problem? Catch-22? (all the same thing I believe)

It may be the fact that people have a lot of faith in Bitcoin. And since Mt.Gox can't pay out $'s at the moment they are just holding on to their BTC instead.

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