Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33580.

ElectricMucus

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Quote from: dexX7 on May 28, 2013, 11:55:23 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

I requote, just to be sure nobody gets that wrong:

Quote

Bitcoin processing temporarily suspended
5/27/2013
Dear customers, we are currently suspending bitcoin processing.

https://www.okpay.com/en/company/news/bitcoin-okpay-terms-of-use.html

It's not the first time they done this, but the question remains: what is the reason and how is it linked to Gox?

My guess is they are waiting to see what happens with the dwolla account. They are in a similar situation, not necessarily affected themselves but the exchanges would be.
It's a precaution, for them it's better to lose a little business for the time than have to risk a mass of disgruntled consumers with frozen funds.

Geist

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Quote from: adamstgBit on May 28, 2013, 11:50:46 AM

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange... not sure what's taking so long?? coinlab stop jerking off and do something!

I'm talking short-term of course. It's only up from here long-term, but after the drop to $124 yesterday, any bad news has the potential to drop it lower.

dexX7

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Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

I requote, just to be sure nobody gets that wrong:

Quote

Bitcoin processing temporarily suspended
5/27/2013
Dear customers, we are currently suspending bitcoin processing.

https://www.okpay.com/en/company/news/bitcoin-okpay-terms-of-use.html

It's not the first time they done this, but the question remains: what is the reason and how is it linked to Gox?

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange... not sure what's taking so long?? coinlab stop jerking off and do something!

San1ty

sr. member

Activity: 462

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Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

italeffect

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Is there still no official comment from Gox on Dwolla?

MelMan2002

sr. member

Activity: 461

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So does Gox have any plans to be a ripple gateway?

adamstgBit

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Trusted Bitcoiner

bitcoin needs to make it own Okpay like service... and stop using these 3rd party systems.

Geist

member

Activity: 70

Merit: 10

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

Rampion

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Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

LOL, check this shit, it's hilarious:

Quote

Mt. Gox wishes the best to OKPay, and we look forward to working together more closely
in the future. The Bitcoin economy is going through many changes recently, and we are
positive that they will ultimately work themselves out in the best interests of the
community and the World.

Source: https://mtgox.com/pdf/20130528_okpay_statement.pdf

adamstgBit

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Trusted Bitcoiner

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

IG0BR0KE

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Quote from: mco65 on May 28, 2013, 10:43:41 AM

Large volume purchases help in the LONG but not in the SHORT.
I suspect we see sub 100 before we see 150. JMO! Wink

52k to go under 100 and 42k to go on 150. it's tight but why not.

Dalib

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A Top Web 3 Gaming Layer2 Provider

Quote from: Rampion on May 28, 2013, 10:40:32 AM

Quote from: ShroomsKit on May 28, 2013, 10:34:00 AM

Quote from: icekiss on May 28, 2013, 10:15:43 AM

Nice to see I called it right to sell at 127 (bitstamp) Cheesy

Now if I just knew how low it goes... Roll Eyes

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break. Tongue

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine Undecided

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!

Wait, your TA didn't predict that??

TA should have told him that the best point to sell was yesterday at $133, to then rebuy at $125ish, as per here (price was $133 at that point):

Quote from: Rampion on May 27, 2013, 08:35:29 AM

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

What the TA cannot tell you is: will we test again $125? I think yes, but impossible to know reading TA. We will break it? I think not, but it's 50/50 chance. Anyhow, as I love coins more than fiat, I wouldn't sell again the coins bought back at $125ish.

+1

Miz4r

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Activity: 1246

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Quote from: icekiss on May 28, 2013, 10:30:59 AM

The movement is undecided, which means we are still in a downward trend.
The 2kBTC buy is enough to make us go up in the short term (which means I rebought at 125[bitstamp] Grin

), but whether it will be enough to start a trend reversal? No idea what so ever...

Well I don't see any trend at all, only that the upward trend has been put to a stop. One or a few people decided to dump a large amount of coins yesterday bringing us from $133-135 to $125-130 and we've been trading sideways within that range since then. We're back to where we were last Friday, and I'm not really sure where we go from here. Perhaps consolidation again for a couple of days.

mco65

newbie

Activity: 48

Merit: 0

Large volume purchases help in the LONG but not in the SHORT.
I suspect we see sub 100 before we see 150. JMO! Wink

Coinseeker

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Quote from: San1ty on May 28, 2013, 10:37:15 AM

Rampion

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Quote from: ShroomsKit on May 28, 2013, 10:34:00 AM

Quote from: icekiss on May 28, 2013, 10:15:43 AM

Nice to see I called it right to sell at 127 (bitstamp) Cheesy

Now if I just knew how low it goes... Roll Eyes

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break. Tongue

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine Undecided

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!

Wait, your TA didn't predict that??

TA should have told him that the best point to sell was yesterday at $133, to then rebuy at $125ish, as per here (price was $133 at that point):

Quote from: Rampion on May 27, 2013, 08:35:29 AM

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

What the TA cannot tell you is: will we test again $125? I think yes, but impossible to know reading TA. We will break it? I think not, but it's 50/50 chance. Anyhow, as I love coins more than fiat, I wouldn't sell again the coins bought back at $125ish.

San1ty

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Merit: 250

fr33d0miz3r

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Quote from: Coinseeker on May 28, 2013, 10:34:46 AM

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33580. (Read 26715039 times)