Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33702.

Pale Phoenix

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Activity: 420

Merit: 250

Quote from: ?? on ??

I am speculating, I know, but it seems like a pretty rational strategy for anyone who is at all concerned about their fiat (and to a lesser extent their BTC) on Gox

I think you're right. Gox hasn't exactly been communicative about these recent events, and anytime a company's name appears on a seizure warrant it takes uncertainty to a whole new level. It's a bit reckless to leave money there until things become clearer.

I'm relieved that Bitfinex is reducing their Gox exposure as I have funds with them, but it's been killing me that I can't trade these spreads.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: ?? on ??

I have heard before that bids can be put in without sufficient funds in the account

I'm not sure if those orders appeared in the order book or if it was something account internal, but I think you refer to this:

Quote

TOKYO - JAPAN - April 09, 2013

Orders will only be accepted when there are enough funds available in your wallet!

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface.

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.

While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance.

Regards
Mt.Gox Co. Ltd Team.

Mt.Gox Contact [email protected]

https://mtgox.com/press_release_20130409.html

justusranvier

legendary

Activity: 1400

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Quote from: michaelGedi on May 16, 2013, 03:41:09 PM

also, I've been wondering if reptilia is actually right.

Maybe will (now) never see sub $100 again... not sure about the 300k part thought

If he's right about never seeing sub $100 again then he's also right about seeing $300k.

If Bitcoin fails then we'll see an exchange rate of $0. If Bitcoin does not fail then its adoption will increase at the expense of the dollar because ceteris paribus there is no reason to hold currency that loses value when you have the option of holding currency that does not lose value. In that case we'll eventually see an exchange rate of $300k just before it becomes undefined.

Miz4r

legendary

Activity: 1246

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Quote from: Ultraviolet on May 16, 2013, 04:26:31 PM

OANDA adds Bitcoin to their Currency Converter

http://www.oanda.com/corp/forex-lab-notes/2013/apr/22/why-we-added-bitcoin-oanda-currency-converter-1920/

April 22nd? Isn't that old news already?

Ultraviolet

member

Activity: 84

Merit: 10

OANDA adds Bitcoin to their Currency Converter

http://www.oanda.com/corp/forex-lab-notes/2013/apr/22/why-we-added-bitcoin-oanda-currency-converter-1920/

kooke

sr. member

Activity: 448

Merit: 250

Bitcoin super-duper-mega-ultra-hyper-node

Quote from: NamelessOne on May 16, 2013, 04:03:29 PM

Quote from: bobdude17 on May 16, 2013, 03:59:59 PM

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

Captain Cook has spoken!

Yes I have spoken Cheesy

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: wonkytonky on May 16, 2013, 03:58:15 PM

probably bitfinex will have a rooting to another exchange like bitstamp.. it's only a guess though..

Bitfinex is already routing through Bitstamp, but maybe there's another exchange coming online.

dexX7

legendary

Activity: 1106

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Quote from: Quantum_Negatum on May 16, 2013, 03:41:53 PM

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael

This whole announcement seems significant, isn't it? Does anyone have some numbers on Bitfinex?

But yeah, the Dwolla incident brings up one question. What to do with Mt.Gox? I mean, the loss of Dwolla is not the only problem. The MtGox withdrawal delays [Gathering] thread doesn't look good either. But that's not a new problem. Someone said their daily SEPA withdrawl limit at their bank is 60k EUR..

While the market seems bullish or at least undecided and it should break the resistance/former triangle and go +125, I'm not sure about the future. I wouldn't be that surprised if it gets bumpy while the real consequences unfold. Bitstamps ask side is scarry as hell, but over the day bid side gained some significant power too. Daily volume of other exchanges in relation to Gox gets higher and higher. Order book depth on the ask side on Gox hit it's 15 day all time low. It really seems like people are transfering there BTC to other exchanges.

Positive news: Bitcoin conference. I'm sure there will be some sweet announcements.

DougTanner

sr. member

Activity: 280

Merit: 250

Hitting $116 again.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: rpietila on May 16, 2013, 01:49:52 PM

So now I will take a rest and mind my own business in calm quietness for days, weeks or months.

I don't care if your "rpietila" persona is real or not. Our identities are mostly just stories we tell ourselves anyway, and yours is comedy gold. We may all be worms, but you sir, are a glow worm (borrowed from Churchill, I think).

Get some rest and come back soon.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: bobdude17 on May 16, 2013, 03:59:59 PM

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

I just looked at the market depth over at GOX. My guess is that something is up. The sell side is really starting to dip (146k), lowest I've recorded since end of April.
Bids at $70 are the 2nd highest I've seen and the asks at $300 are the lowest since the start of the month. The sell side volume at higher prices is creeping up.

Hmmmm Huh

NamelessOne

legendary

Activity: 840

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Quote from: bobdude17 on May 16, 2013, 03:59:59 PM

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

Captain Cook has spoken!

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

I just put my no touchy USD in, couldnt stand it after the news of Peter Thiel and Webmoney.

bobdude17

sr. member

Activity: 454

Merit: 250

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: Quantum_Negatum on May 16, 2013, 03:41:53 PM

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael

probably bitfinex will have a rooting to another exchange like bitstamp.. it's only a guess though..

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: michaelGedi on May 16, 2013, 03:36:24 PM

poor girl behind her...

RE stability - I get this feeling people don't know what to think. No one really wants to play until they sort that out I guess?

All this great media coverage, and in particular the announcements in the last 24 hours! (webmoney, funding founders)... then there's the potential of some further developments post conference.

BUT the elephant in the room is the dwolla issue, any updates on that yet?

Bids are starting to pile up. Slowly... Hopefully this good news filters around the web and we see some upward action.

Quantum_Negatum

member

Activity: 84

Merit: 10

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael

michaelGedi

sr. member

Activity: 364

Merit: 250

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

Quote from: Its About Sharing on May 16, 2013, 03:39:16 PM

rpietila - Hey brother, you keep on keeping on. Take care of yourself, get some rest and don't forget this is about change. Don't let the $$$ part stress you out. Our sites are bigger that that.

Heal up brotherman and enjoy this dream we call life,
It's about Sharing

also, I've been wondering if reptilia is actually right.

Maybe will (now) never see sub $100 again... not sure about the 300k part thought

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

rpietila - Hey brother, you keep on keeping on. Take care of yourself, get some rest and don't forget this is about change. Don't let the $$$ part stress you out. Our sites are bigger that that.

Heal up brotherman and enjoy this dream we call life,
It's about Sharing

michaelGedi

sr. member

Activity: 364

Merit: 250

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

Quote from: fitty on May 16, 2013, 03:28:30 PM

Quote from: adamstgBit on May 16, 2013, 03:23:33 PM

Quote from: MickeyT2008 on May 16, 2013, 03:07:26 PM

Anyway, back on topic.... I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?

feels like:

blast off postponed until further notice, reason: bad weather...

Rain? That works!

Ready... Set... RALLY!

poor girl behind her...

RE stability - I get this feeling people don't know what to think. No one really wants to play until they sort that out I guess?

All this great media coverage, and in particular the announcements in the last 24 hours! (webmoney, funding founders)... then there's the potential of some further developments post conference.

BUT the elephant in the room is the dwolla issue, any updates on that yet?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33702. (Read 26712315 times)