Bitcoin going ballistic.

[presence]

Ya I got some in the $1.50 range

rally on 4/2 or dip at 4/6 ??


Fail for not sending me a PM to buy!

 

[presence]

Just watch out for credit card companies reversing the charges, alot of people have been burned this way.

Right... thats the magic. That's why it "can't" be done. Crypto transactions are permanent and now, cc not so much, legal legal, blah blah blah... same issue with connecting via paypal.

That isn't to say one couldn't provide a secure fully bonded p2p cc to btc service for the right price, with the right member ID package for processing no nonsense instant cc transactions to and from mtgox and btc-e.

 

[jtap]

So, what is the method to get your BTC out of your Mt. Gox wallet in a hurry and back into USD? Seems like that might be useful to know for the future.

At this point I would only know to buy gold or silver coins from a vendor online to get my money back out.

 

[presence]

So, what is the method to get your BTC out of your Mt. Gox wallet in a hurry and back into USD? Seems like that might be useful to know for the future.

At this point I would only know to buy gold or silver coins from a vendor online to get my money back out.

1st... "in a hurry" convert your BTC to USD on the mtgox exchange, now breath deep and bank on it traditionally if you need your money cash in hand now.

Mt.Gox makes your withdrawals more convenient by updating its Withdraw Center

TOKYO, JAPAN - April 11, 2012

Mt.Gox today unveils its improved Withdraw Center designed to facilitate and speed-up your withdrawals![/h] Mt.Gox users will now be able to enter their own financial account details for withdrawal and save them for future use.
Once you fill the form with your personal information it will appear in your withdraw selection drop down menu and let you submit a withdraw request by simply filling the amount you want to withdraw.


Have more than one preferred withdrawal method or own more than one bank account? Simply add them one at a time until all your preferred methods are listed in the withdrawal methods drop down.



Finally if you have a question or need assistance with our new Withdraw Center, please do not hesitate to contact Mt.Gox Support at [email protected].

https://mtgox.com/press_release_20120418.html



2 click "funding options"

3 click "withdraw funds"

4 use your pull down menu or click "add withdraw method" and work your way through the wizard.

 

[cubical]

If you are not selling your bitcoins now, you are a terrible investor. This would be the first time in history a chart like this plateaus and remains high.

 

[newbitech]

If you are not selling your bitcoins now, you are a terrible investor. This would be the first time in history a chart like this plateaus and remains high.

I agree, there is just no good investment entry point, and trying to play the 10-15 minutes swings with the horrible mt. gox api is a great way to lose your ass.

It seems the strategy to invest at this time is, buy at what ever price and hold your breath that it goes up!

I've got buy orders sitting in at the various sell off levels from the last couple days, but the price has just left me in the dust since I funded my account.

So I am betting on a correction, that's about the only thing we know for sure will happen with this asset. It will correct at some point, and the higher it goes the harder it will correct.

I wouldn't be surprised to see a major retest down to the 100 break out level, just don't know when. It will probably happen quick and bounce hard, I just hope my interface is loaded when it happens!

 

[newbitech]

btw, I am again watching the chart at clark moody now that the websocket stream is working again. Maybe a little head and shoulders setting up right here with 260 being the head and around 225 neck line.

That would imply retest of the ~200 support level on the hourly from about a week ago. Watching.

 

[newbitech]

oh, and for people that like this thing, a correction and a more even keeled rise would be better off for the stability of their investment. I like it, I hope we see a more sane growth rate. I found an interesting set of charts.

The square line is the difficulty. It steps every 2 weeks by design. Notice how the pricing has typically stayed below the difficulty factor. When the price has bumped up against that line, it has corrected down or flattened until a day or two into the next step.

This is implying to me that as the miners find it easier to mine, they will recirculate their coins sooner placing more supply into the market. This should suppress the pricing.

Notice now that we aren't half way into this difficulty cycle yet and the price has quickly busted out past that level.

Also notice where the next level sits, right around 210 - 215. So Yeah, that retest of the 200 level is looking better and better. I've moved my entry point to just back of 200 based on this chart, and the pattern that is now forming in the hourly.

 

[PaulConventionWV]

The limit is $500 at once and outside of the 3.99 APR that bitsintant gets, zipzap charges $3.95 so your max order can be $496.05. I got a buddy of mine to get in on the BTC today using zipzap and everything went kosher.

I did a $500 order and it went through. The final charge was $503.95.

 

[newbitech]

so sitting here watching the price manipulation. You have bots coming in and buy tiny amounts of BTC at 4-5 dollars over the lowest ask price. Then you have people stepping in and buying larger chunks at the manipulated price.

People are not even looking at the going prices when they are buying, they are just blindly buying at whatever the last exchange price was, even if it was an exchange of .01 BTC at $5 over the going price.

That's gonna be real nice once that bot pushes the price up to the selling point and gets enough bids stacked up to dump.

Pump and dump coming up for BTC. Be ready to buy the dip LOL!

 

[newbitech]

lmao

http://web.archive.org/web/20070817170606/http://mtgox.com/gwt/mtgox.php

Mt. Gox is in Beta so if you have any problems or suggestions please let us know:
[email protected]
Magic the Gathering, Magic the Gathering Online and MTGO are all trademarks of Wizards of the Coast.

MTGOX.com is in no way affiliated with Wizards of the Coast.
Patent pending.

Magic
the
Gathering
Online
eXchange

So, 90% of all bitcoin transactions and the now close to 3 billion dollar market was originally set up to trade Magic the Gathering Cards.

Nice!

 

[Cowlesy]

I really hope a few of you true believers who were talking about mining these in 2010 mined a few thousand of them, cashed in a few and are rolling around on a mattress covered in Benjamins. Because that would be awesome.

 

[newbitech]

fun read.

http://buttcoin.org/is-mtgox-manipulating-the-bitcoin-market

 

[ronpaulfollower999]

This might be a nasty Wednesday folks.

Bids dropping, asks rising...we might test $200.

FWIW, I was able to cash out 30% of my coins. Unless the price falls below $10, I won't lose any fiat....just to put the naysayers who keep shouting bubble at ease.

 

[newbitech]

5 mins chart.

lets see if we get down to the 220 level. if it breaks thru that, yeah! I will get my buy in at 197, but depending on how hard the drop is to 221, i might just move that back again, watching.

 

[newbitech]

$10 spread at the moment. Major inflection point, biggest since I've been watching last 10 days. Lets see if we get some sanity in this market, or if we get another DDOS/lag event during this sell off.

 

[newbitech]

15 minutes chart also just confirmed head and shoulders top pattern. watching to see if it breaks the 230 hourly support level. Could be on it's way back to the 190's.

Really thinking about moving my entry point lower, strong volume on selling suggest,

PANICK!

 

[ronpaulfollower999]

$10 spread at the moment. Major inflection point, biggest since I've been watching last 10 days. Lets see if we get some sanity in this market, or if we get another DDOS/lag event during this sell off.

The lags on MtGox are ridiculous. A market order during these lags is almost suicide.

 

[newbitech]

The lags on MtGox are ridiculous. A market order during these lags is almost suicide.

i was just coming to post that. insane. I am really suspicious to be honest, that doesn't happen in the run ups, 17 minutes frigging LAG, they are gonna blame it on cyber attack again?

But clearly the technicals in the chart showed this sell off coming.

edit, and the more this gets propped the harder the fall is gonna be.

Hourly chart now setting up for head and shoulders with implied dip to the 197 level. So even if they prop it on the 15 and 5 minute intervals and reverse the head and shoulders there, the hourly is gonna set up. 265 looking like a top at this point.

daily is getting ready to post a gravestone doji too.

 

[muh_roads]

i was just coming to post that. insane. I am really suspicious to be honest, that doesn't happen in the run ups, 17 minutes frigging LAG, they are gonna blame it on cyber attack again?

But clearly the technicals in the chart showed this sell off coming.

edit, and the more this gets propped the harder the fall is gonna be.

Hourly chart now setting up for head and shoulders with implied dip to the 197 level. So even if they prop it on the 15 and 5 minute intervals and reverse the head and shoulders there, the hourly is gonna set up. 265 looking like a top at this point.

daily is getting ready to post a gravestone doji too.

chillax people...jesus...lol

Think long term. Day trading is a fools game. But if people want out, they'll get out. If people want in, they'll get in.

ZOMG WE'RE FALLIN' TO ZERO, creates a bunch of gay panic.

Hopefully things plateau for a while. Tired of all the stupid articles that compare this type of thing to paper stock bubbles.