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

[porcupine87]

500 again! How come? Shall I buy? 

[JCviggen]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

[TERA]

wow how do i not sell this

[600watt]

bitstamp ch0o cho0

[seldon]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

Goxcoins.. if bitcoins are too stable for you

[virtualfaqs]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

I was just about to comment on that. If you bought at the low 0.007 and sold now can double. But man that's risky. haha  

[hdbuck]

bulltrap?

[raid_n]

I usually frown upon profanity but man
"What the fuck is up with this shit?" Bitcoin, make up your mind where you want to go today

[TERA]

wow how do i not sell this

Because it might be at 600 within a day? Maybe? 

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

[soullyG]

First implementation of gmaxwell's "solvency proof" has been created:

https://github.com/ConceptPending/proveit

Original comment from gmaxwell here:

http://www.reddit.com/r/Bitcoin/comments/1yj5b5/unverified_pastebin_gmaxwell_irc_log_mtgox_was/cfkze3p

I think that as a community we should start demanding these services continually prove that they are not fractional reserve. We cannot effectively eliminate the need for trust in these sorts of services, but we can certainly confine the exposure and eliminate a lot of this drama. With Bitcoin it's technically possible to prove an entity controls enough coin to cover its obligations— and even to do so in ways that don't leak other business information, and so we should. But this isn't something specific about MTGox, it's something we should demand from all services holding large amounts of third party Bitcoins. I wouldn't even suggest MTGox should do it first, rather— it sounds like a great move for their competition to differentiate themselves.

[RicePicker]

I usually frown upon profanity but man
"What the fuck is up with this shit?" Bitcoin, make up your mind where you want to go today

This is basically what happened during the Chinese crash. You do not simply go down 20% and expect it to stay there for more than 2-3 hours. Now the market will decide on a point to stabilize for a day or two until the next crazy thing happens.  

[Miz4r]

wow how do i not sell this

Because it might be at 600 within a day? Maybe?  

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

540-550 is possible though, which is probably a great point to short again.

[raid_n]

wow how do i not sell this

Because it might be at 600 within a day? Maybe? 

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

Unless, Gox announces its been taken over, the money is sae, the coins are safe.
There has been a tremendous amount of tension coiled, when it snaps there could be carnage/mayhem.

+1 Unlikely but this could be one of those black swan events

[JCviggen]

Bitcoinbuilder went from .1 to .2

I got 10 at 0.1 and wondering to take profit or keep gambling.

Take profit and exit would be my guess.

But it's all just gambling, ain't it?  

Gonna go 50/50... sell 5 to just about get my money back and be left with a free lottery ticket for 5 BTC.

[bitcodo]

[Mythul]

CCMF already

[ChrisML]

I just want Gox to be removed out of the bitcointalk dictionary.

Rise BTC, rise. We shall hence forward, to the moon and beyond.

[spin]

bitstamp : https://www.bitstamp.net/article/Statement-by-Bitstamp-regarding-MtGox-insolv/

STATEMENT BY BITSTAMP REGARDING MT GOX INSOLVENCY
BITCOIN IS STILL WORKING AND STILL HAS A BRIGHT FUTURE

The worldwide peer-to-peer payment system and crypto-currency known as Bitcoin is not dependant on any one actor. The Bitcoin protocol continues to work exactly as designed. Bitcoin remains strong despite the failure of any one exchange and will continue to grow and thrive as long people desire that it do so.

LOSSES LIMITED TO BALANCES AT MTGOX

It is important to underscore that the known losses of fiat currency and Bitcoin are limited to those balances that were in MtGox’s care. The MtGox exchange can best explain how this happened.

BITSTAMP CUSTOMERS ARE SAFE AND OUR BUSINESS IS SOLVENT

We at Bitstamp have conducted a thorough audit of our bitcoin accounts, as well as the fiat currency reserves we maintain in the bank. Bitstamp maintains all of its customers’ bitcoin and cash deposits and nothing is amiss.

BITSTAMP IS NOT SUBJECT TO THE TRANSACTION MALLEABILITY VULNERABILITY

Bitstamp uses a different protocol to handle problems in closing out its transactions and is not vulnerable to the “transactional malleability” issue that was apparently exploited at Mt. Gox. Additionally, we manually double-check every transactional problem encountered by our customers.

BITSTAMP’S FUTURE

We are taking steps to provide Bitstamp’s customers with the utmost confidence in our operations:

1. Bitstamp is financially stronger than ever. We have the most customers, and the most solid capital base, than we have ever had.
2. Bitstamp has retained the best available security and compliance advisors to assist us in protecting our clients.
3. Bitstamp prides itself on industry-leading compliance with its AML and KYC procedures.
4. Bitstamp is now performing quarterly financial audits and will post our financial reports on our web site.


Press inquiries please contact:
press@bitstamp.net

Now that's a proper PR job in uncertain times.   Just a wee grammar issue in point 1.
Would love to see the audited financial reports.

[HairyMaclairy]

wow how do i not sell this

Because it might be at 600 within a day? Maybe?  

That's impossible. There are too many resistance points on 4H and 1D chart to get to 600 within a day now.

540-550 is possible though, which is probably a great point to short again.

I'm all traded out.  I have stripped back my standing orders so far as I dare to buy in at $445 and I'm done.   Fresh fiat in 48 hours until then that's it.  Gone from 95% fiat to 50% fiat in trading portfolio which is very bullish for me.

[micalith]

goxcoins are still for sale. wtf

http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC