offtopic
don't you think the main problem of bitcoin will be DDoSs
if not on an exchange probably on the blockchain it self
today it took 4 hours (fees payed) for one transaction to be confirmed
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 80. (Read 1811564 times)
Considering the substantial parallels with the June 2011 bubble, I would say that any support at these levels, i.e. 76, is not going to hold. The primary reason is identical with the last time - the onetime flood of new bitcoin buyers is going to dry up. There is only bad media about bitcoin, e.g. no new all time highs to report - now just the crash and how Mt.Gox messed up, same as last time.
I doubt you were around for 2011. If you were, you're clearly trolling, in case you weren't, here are a few differences between then and now:
1) Money's still pouring in. MtGox ask sum up past 11 mil and rising as of a few minutes ago.
2) In 2011, the hack against MtGox was successful in executive all sells, all the way down to a few cents. Trading stopped, not for 12 hours, but for a couple weeks.
3) The difference in media coverage between then and now is simply astounding, both in quantity and tenor.
4) The 2011 hack came close together with two other major disruptions to Bitcoin, the theft of a large sum of BTC from allinvain, and the debacle with mybitcoin.com.
5) The ancillary network of business, companies and VC that surrounds Bitcoin today wasn't even in its gestation period back then.
Will the price drop this weekend? Quite possibly so, though it's also possible it will hold, like it did last weekend.
If MtGox gets its act together (an enormous IF, btw), this will be a speedbump, nothing more. If MtGox doesn't get its act together, it will require a shift in mindset from Gox to alternate exchanges and off exchange systems like localbitcoins.com. Not a speedbump, more like a moat that has to be crossed after we've built the bridge.
I am no expert, but even if the prices hang in this range for awhile, this is still significant growth for Bitcoin. It sucks for those of us that bought way above this price point, but we will still get back there one day. And who knows the next rally could be next week.
Considering the substantial parallels with the June 2011 bubble, I would say that any support at these levels, i.e. 76, is not going to hold. The primary reason is identical with the last time - the onetime flood of new bitcoin buyers is going to dry up. There is only bad media about bitcoin, e.g. no new all time highs to report - now just the crash and how Mt.Gox messed up, same as last time.
you base your trades on past price movement
while I obverse, absorb and act.
I don't understand how people are able to trade without live streams from bitcoinity or clarkmoody.
Considering the substantial parallels with the June 2011 bubble, I would say that any support at these levels, i.e. 76, is not going to hold. The primary reason is identical with the last time - the onetime flood of new bitcoin buyers is going to dry up. There is only bad media about bitcoin, e.g. no new all time highs to report - now just the crash and how Mt.Gox messed up, same as last time.
gox btc just showed up. fyi, for anyone worried.
huh?that user had a hung payout, apparently resolved now
gox btc just showed up. fyi, for anyone worried.
huh? gox btc just showed up. fyi, for anyone worried.
means a little when their api is messed up and you can't see live stuff at bitcoinity, clarkmoody etc..
gox btc just showed up. fyi, for anyone worried.
Great. Another bubble.
I'm actually pretty content with the $75 at MtGox. If we can slowly build off of that It'll speak volumes for the future of Bitcoin.
I'm actually pretty content with the $75 at MtGox. If we can slowly build off of that It'll speak volumes for the future of Bitcoin.
Lol, bubble? I give up, sure, let's call $75-$82 a "bubble."
(By the way, it's not actually a bubble, it's just a fluctuation of the sort that have been happening all day, and it will probably go back down to 80 in a minute, then 82 again, then 75, then 80, then 65, then 75, then 72, then 78, then 88, then 82, then 65) you get the point?
i can sell ltc at btc-e for btc and transfer to gox and make an additional percentage when i end up with usd.
making money is not personal. gox can do whatever they want as long as it assists me in making a tad more.
all you bulls blaming gox for the crash and hating on them.. giggle
making money is not personal. gox can do whatever they want as long as it assists me in making a tad more.
all you bulls blaming gox for the crash and hating on them.. giggle
.... Uh, what? Lol, dude. The issue is not bulls blaming gox for whatever, it is silly people using a service that is incredibly inferior.
There are a dozen other exchanges where you could transfer your BTC to and sell it for USD and make the same profit. Some exchanges even have a higher USD/BTC rate than GoX much of the time. Yet, you choose the one that at any given moment could have 427 seconds of lag time or be completely unreachable due to "victim of our own success."
I'm not laughing at people trying to make money, I'm laughing at people picking the poorest-performing broker to do so. Lrn2freemarket.
So if fcmatt were picking a convalescent home to put his mum in, he would pick the one that costs more, has the electricity shut off randomly, and beats its patients, rather than the one that has excellent service, nice staff, no rolling blackouts, and no beatings? And he would state a completely unrelated, incorrect reason as to why other people don't put their mums in the abusive home with the outages?
Matt don't let your mum know you have such bad skillz at choosing institutions with which to do business based on their performance...
one word: dwolla
that alone makes gox the most interesting exchange for me. i bet it does for many many others too.
At this minute of posting bit stamp gives 68 something and mtgox gives 75 something as the price
What am I missing ?
What am I missing ?
Nothing. And btc-e is $74 and Bitfloor was $84.97, last I checked. These differences between exchanges are pretty standard and until we have more extensive arbitrage operations, will generally be in that range.
One of the things that affect it is how easy it is to fund the account with fiat. With some exchanges I could have fiat there in an hour if I wanted to, for free. With some other exchanges I'd have to wait a week.
I know this is for Gox charts but here's some Bitfloor porn:
Finally broke above $80 again.
Finally broke above $80 again.
Great. Another bubble.
I'm actually pretty content with the $75 at MtGox. If we can slowly build off of that It'll speak volumes for the future of Bitcoin.
i can sell ltc at btc-e for btc and transfer to gox and make an additional percentage when i end up with usd.
making money is not personal. gox can do whatever they want as long as it assists me in making a tad more.
all you bulls blaming gox for the crash and hating on them.. giggle
making money is not personal. gox can do whatever they want as long as it assists me in making a tad more.
all you bulls blaming gox for the crash and hating on them.. giggle
.... Uh, what? Lol, dude. The issue is not bulls blaming gox for whatever, it is silly people using a service that is incredibly inferior.
There are a dozen other exchanges where you could transfer your BTC to and sell it for USD and make the same profit. Some exchanges even have a higher USD/BTC rate than GoX much of the time. Yet, you choose the one that at any given moment could have 427 seconds of lag time or be completely unreachable due to "victim of our own success."
I'm not laughing at people trying to make money, I'm laughing at people picking the poorest-performing broker to do so. Lrn2freemarket.
So if fcmatt were picking a convalescent home to put his mum in, he would pick the one that costs more, has the electricity shut off randomly, and beats its patients, rather than the one that has excellent service, nice staff, no rolling blackouts, and no beatings? And he would state a completely unrelated, incorrect reason as to why other people don't put their mums in the abusive home with the outages?
Matt don't let your mum know you have such bad skillz at choosing institutions with which to do business based on their performance...
At this minute of posting bit stamp gives 68 something and mtgox gives 75 something as the price
What am I missing ?
What am I missing ?
Because there's not enough Chinese among Europeans ;-)
At this minute of posting bit stamp gives 68 something and mtgox gives 75 something as the price
What am I missing ?
What am I missing ?
Gox was closed for 12 hours and Bitstamp was open. People also transferred coins to Bitstamp.
The result of this is that fiat is running dry on Bitstamp and there are more sellers than usual.
I would also guess that the people still using MtGox have a lower IQ which leads them to be of a more bullish nature than the other exchanges.
11 confirms and btc still not show up at gox.
if anyone plans to play around at gox be prepared to not get your magic btc into your account quickly.
so one of the main reasons to use btc, for fast transfer, aint working right with duh gox.
Same problem... I guess they realized that as long as you can't dump btc on their exchange the price will go up. So, just delay all kinds of btc deposits.if anyone plans to play around at gox be prepared to not get your magic btc into your account quickly.
so one of the main reasons to use btc, for fast transfer, aint working right with duh gox.
Same problem here
I sent ~50 BTC a few hours ago and nothing... (no confirmation)
doubled checked the address and sent a smaller amount
it went through (12 confirmations) but this one is not showing up either
I don't trade at gox and don't intend to but me like it or not, it's gox who are dictating the whole market and that is pissing me off. Site with such problems should never be the market leader.
At this minute of posting bit stamp gives 68 something and mtgox gives 75 something as the price
What am I missing ?
What am I missing ?
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