All posts made by markjamrobin in Bitcointalk.org's Wall Observer thread
1.
Post 3257511 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Is mt.gox still relevant?
2.
Post 3257531 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Is mt.gox still relevant?
I think everyone still runs their bots based off gox data.
There are also people who will partial-arbitrage a $20 gap so that they can switch back when the gap is $10 again.
Not everyone knows the news.
It might take a while for this transition to fully occur.
Hmm, but nobody can cash out through gox, so it is essentially useless?
3.
Post 3257633 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
People might not realize gox doesn't cash out withdrawals, because they're not immediately trying to do withdrawals. They might be saving a bunch of USD (gxd) in their accounts so they can cash out (or buy back) later. Gox doesn't have a wereinsolvent.pdf.
you are expecting wereinsolvent.pdf from gox?
market is already well aware of gox fiat withdrawal problems.
why would anyone wait to buy back at higher price?
He assumes gox price will equalize with Bitstamp (and friends).
4.
Post 3258249 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Lookin' good.
If I am reading this right then around 3000 coins could have been pulled off of the orderbook til a later time as it doesn't look like they were all purchased. Does that look right?
ya it was all purchased
its the 15day chart, looks dramatic...
bullish?
i think so!
So is a sum of money gone, if Gox dies?
5.
Post 3258257 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
What I mean, is if people can't get money out, some moment will be left in Gox, even if it changes hands in trade.
6.
Post 3258279 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
If ask sum goes under 40,000 on Gox, then one of two things will happen:
1. we immediately plummet, prob double digits within a day; or
2. rocket 25-30 dollars up, then immediately plummet to double digits within a day.
You heard it hear. I expect praise, including blowjobs, when proven correct.
-walz.
I think you're argument about the 40,000BTC order book level was once very accurate. However, these days it may be becoming less and less accurate/relevant as other exchanges become more popular, new exchanges are built, etfs/trusts are built, and private investors accumulate large amounts of coins offline. The coins that would once be hidden on gox and waiting to be dumped, are now actually removed. That is unless this is all BS and we have all been duped some some REALLY good pumper.
How does current volume at Bitstamp or BTC-E compare to volume at Gox?
7.
Post 3258439 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Why does Gox have so much more volume, with no withdrawals?
8.
Post 3258446 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Yee Haw. Here we go.
Where are we going?
9.
Post 3258471 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Why does Gox have so much more volume, with no withdrawals?
No withdrawals for the peasants. Whales get to buy privileged service.
People with large amounts of money can still withdraw?
10.
Post 3258516 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Why does Gox have so much more volume, with no withdrawals?
No withdrawals for the peasants. Whales get to buy privileged service.
People with large amounts of money can still withdraw?
MtGox refers to it as "manual processing" and apparently charges 5% extra for it.
Seems legit
11.
Post 3258543 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Yikes! Because of the seizure?
12.
Post 3258554 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever.
Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
13.
Post 3258610 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever.
Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
I've heard the same story for 2 months now.
It's been true for said last two months also.
14.
Post 3258615 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Interesting.
My guess is that manual processing still works for the wealthiest. Obviously 5% of millions is a lot more lucrative than 5% of a few grand.
You can't keep 5% of millions, when you have pennies.
15.
Post 3258730 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
I guess these days instead of a weekend dip in the price we just see a weekend dip in the volume.
Maybe it will all come back this week...
16.
Post 3258914 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
According to
http://btckan.com/price btc100.org a chinese exchange has done 111706.36 in 24hrs.... which is hard to believe....
Almost certainly BS.
Many of the Chinese exchanges have zero fees - also the withdrawal frees are in the zero-point something area. Very little price difference is enough to arbitrage the shit out of the CNY market.
No trading fees? Really? Where? What is the spread like and do they have a chart and order books? Sounds like a daytrading gold mine (for small players).
What is the point of running an exchange, with no fees. Where does the exchange make money?
17.
Post 3262295 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
41292 BTC, liar
BTW, support is abysmal right now. 8k buy to $150. 8k sell to $132.50
I think this confirms that this is a rise based on MtGox fear, not good news. [If people are worried their money is fake, then they wont be placing bids.. just market orders.]
add to that very low volumes on bitstamp...
price is up to 128, but volume is only 4500.
no depth neither...
Why no volume on Bitstamp?
18.
Post 3262883 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
People should stop thinking that there are only 41k
BTC on Gox. Just 3 days ago there were 55k
BTC on the ask side and IMO the 'missing' 14k
BTC are still on Gox,
waiting to be dumped at the right price. You'll see them again, probably within a week (some of them sooner), together with their offspring.
Moving
BTC around has proven to be uncensorable (easy). To determine what happens at Gox, it is much more important to know how much fiat currency they have
Do they have any USD left? Didn't it all go with the seizure?
19.
Post 3263568 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.
Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.
20.
Post 3269766 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Hmm, if $140 falls, does the selling stop, or some minor panic begin? This price drop seems to have a lot more momentum than the previous falls thru $140.
It hasn't fallen through $140, not yet anyway.
I suspect it will fall low enough to make the asks fill in the $140-$143 range before a whale buys it right up to whatever price he deems enough.
I disagree, with withdrawals coming back, a seller will do his best to sell his BTC for a lot of Gox USD, and withdraw it, or cash it back. Gox is only high while people can't withdraw.
21.
Post 3272493 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Today's volume = lame.
Out of pure curiosity, your USD are sitting in Gox?
I haz USD everywhere. I'm rich, biotch
But you seem particularly inclined in a single digit crash on Gox.. If a massive crash were to happen it would most likely caused by Gox going out of business, like $20 millions vanished out of the btc economy.
dude this guy says crazy shit all the time. recently he said we'd be up at 180 by friday (obviously that friday has passed)
A single digit crash would be great for anyone that has cash on Gox. They could buy bitcoin, and take a huge percentile. I am thinking that through correctly, right?
22.
Post 3273466 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Why is camp BX so low, its uber ez to fill with USD...
exactly. and when gox finally resumes speedy withdrawals, you can expect a turbo crash. Only reason ppl buy btc these days is to get fiat off gox. THE ONLY REASON.
The sharp rise in the BTC/
JPY volume on MTGox over the last 4 months would indicate otherwise. Fiat is leaving MTGox both as JPY and EUR.
http://bitcoincharts.com/charts/mtgoxJPY#rg120ztgSzm1g10zm2g25zvThen can Americans get a withdrawal in EUR and then convert it to USD?
23.
Post 3276911 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
About 5K coins were just added to the ask around $165.
Any takers yet?
24.
Post 3278761 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Last chance to sell above $140 this year boys and girl.
Thankfully the next bottom is $128 on Jan 1.
Bullshit, it won't hit $128, until withdrawals start to process at standard fees. Won't be for a month or so, but probably not that long.
25.
Post 3281082 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.16h):
Hmm, interesting buying pressure building up on BitStamp. Change from the last few days..
Gox is just dead.
Gox still has slightly more volume than Bitstamp. I think when Bitstamp and Gox equalize in volume, then price on Bitstamp will jump.
26.
Post 3303288 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.17h):
So it's spread across like 50 addresses?
it's spread across 50,000 addresses.
He printed seven paper wallets and buried them in the desert with the GPS coordinates stored on a lottery ticket.
Just like Harry Potter, you need to destroy them all to imprison him
27.
Post 3337402 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.17h):
Apparently MTGOX press release mentions alt-currencies, maybe LTC?
Once Midas is up and running we will be able to offer the trading of other digital currencies.
Full press release:
https://www.mtgox.com/press_release_20131011.html
28.
Post 3338936 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.17h):
Localbitcoin prices are completely random and vary +/-50% from current market prices. Volume is very low.
Localbitcoins has quite a bit of face-to-face volume, but that isn't escrowed, and is often not reported.
29.
Post 3553425 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.22h):
So Gox still not working properly?
Just placed a market order that filled. Limit order still nuttin.
So any withdrawals working?
30.
Post 3582597 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.23h):
I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.
If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.
We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.
Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.
Ok
I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April
Lol, butthurt much? He just made a valid point and you immediately get all defensive.
You are blatantly wrong in your comparison, it might correct severely anyway but this isn't like April at all.
Now cheer up, silly bear!
I think if CoinValidation gets any kind if support, which hopefully it won't, it would take Bitcoin value down by a few hundred.
31.
Post 3582609 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.23h):
At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.
I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.
Right, so don't go all-or-nothing. Buy some now, and if it does go down buy more. If it goes up, you'll be glad you at least have some.
I would say buy some as well. It is likely to go up, but as previously stated, it will probably crash first.
32.
Post 3582723 (copy this link) (by markjamrobin) (scraped on 2020-04-04_Sat_11.23h):
why so complicated?
new buyers came into the market because of the recent press coverage, it rocketed a while. now that the newbies are done, the sells begin. next hype will come earlier than the last because this time no one was was frightened by a sharp drop this time.
so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins
Many places accept bitcoin, especially in big cities.