The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

How do they profit?

I don't see what are the fees  

Edit: And I don't know how to send bitcoins to my phone number 

I don't see how it could be the latter.  You are sending them an sms, they have no way to access a private key on your device.

The main problem I see is that Bitcoin is so dependant on the banking system. The exchanges fall apart without bank accounts, without wires, without ach deposits. Bitcoin works great as a "secondary" or "transaction" currency. Which means you use it when you want the privacy (buying bongs/dildos) or to avoid fees (sending to people in different countries). So you still use USD, you're paid in USD, you just use Bitcoin when the situation warrants it (and the advantages it brings).

When an exchange can be crippled because one american bank account gets closed, that sorta points to the fact this "de-centralized" currency really needs the "centralized" banks to operate. Bitcoin is doing well because Govts/Banks are letting it exist. Sure they can't destroy it, but they sure could make it a lot harder to use. Most sellers wouldn't want BTC if they couldn't convert it to their native currency. But Banks are greedy, they launder money for drug cartels, so I doubt they care about Bitcoin as long as they get a share (which they do, wires are expensive).

Things are moving...

Don't just observe the walls.  Be the walls.

I'm not trading.  I'm adding liquidity and either selling a bit or rebuying sold bitcoins cheaper.  Bitpay needs bids to hit and so do you.  Lucky for you, I'm nice enough to provide asks too.

every 1% down to what you think might be the minimum price... adjust the size of the orders to invest as much as you want

You had your chance

When do you see this happening? I would think the influx of investors on Tuesday would necessitate it happening before then.

That, dollar cost averaging, and automated market making are the only trading methods I recommend in this market.

Welcome to bitcoin, hope you make it out alive.

Are you legit autistic?

I do.

Also,

Head and shoulders?

Man, MtGox still down? If only there was something else. Some other "site" on the "web" which could "act" as an "exchange" "besides" "Mtgox".


oh hay my quotation mark key is broke.

How cool is it that the bearish highs and bullish lows have converged on the one month anniversary of the big crash from 266?

Mere coincidence or divine forces at work?

Yes.  *.mtgox.com has a different cert than mtgox.com.  It has always been this way.

nope

This is called market making and is very healthy/quite useful. From what I hear, mature markets all have this type of behavior in very large volumes.

For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.

It's posting under ChartBuddy so you can easily click ignore.

Most hours, it's the only post on topic. Is it really holding you back from seeing the cool animated gifs? Once an hour seems pretty good to me.

My gut is screaming bull trap

The speculation game seems a lot like warfare.  Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?

All I know is that the $1m that was removed was at under $50 USD.

And what happens if we do tank?

If you find the 3-D depth chart unhelpful, then simply ignore the Chartbuddy user - its a bot.

Um, you mention the word 'supernode' quite often but I don't understand what you mean by it.

0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100

MtGox is a cancer on the Bitcoin ecosystem, it would be great long term news if people left there in droves. Like I said, buy bitcoins, move them off the site if you're actually scared. The last thing I'd go is have them wire me money, DHS could have told every bank in the US to freeze any incoming wires from them.

This all still seems a little iffy. I'm surprised Dwolla would mention lawsuits no one can find record of, and MtGox would have no idea (they still list Dwolla as a withdrawal method). Seems like poor taste by Dwolla (who's CEO has blogged his support of Bitcoin) to say it's now "illegal to deal with MtGox". A lawsuit doesn't make it illegal, the DHS orders if they exist also sound questionable. If it's not a hoax it's a poorly worded notification from Dwolla.

Regardless if MtGox worries you, move *coins* off the exchange, not fiat.

I'm buying and selling every 1.1%.

Correct me, if I'm wrong, because I'm not really sure about the money supply definitions, but here are some numbers about that 300k prediction.

The current M1 money supply of USD, which, as far as I understood, is all the money which is not money out of thin air, is around 2.500 billion USD. We have around 11 million BTC. Our goal 300.000 USD/BTC would result in a market capitalization of 3.300 billion USD.

... ...

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Or are we the psych ward?

Anyway you draw it, we seem to be out of the short term downtrend. I was a short term bear until today's mini rally. I dumped at 110 only to sit idly watching the ticker as it went down to 103 thinking sub 100... Bought back in at a loss at 118, we've been stable way too long and have broken through all the bearish trendlines. I really see no reason not to be long right now.

Someone is slowly offloading a lot of coins on Bitstamp at pretty reasonable prices...

We've discussed this quite a bit since the first CCTV news.  Word is that the latest news was neutral to somewhat positive. I think we are going to see adoption in China, both as a speculative investment but also because of the world economic situation. Something we have to consider also, is that people may start to get behind it as a big FU to the USD. That is probably why the government has been pretty open to it.

I imagine that over the next 6 months to a year that China will be the biggest holders of BTC. Just on population alone, it only takes a few thousand wealthy people to make that happen. Just a feeling of a guess.

As the price of BTC goes up, we either need to go to another term e.g. mBTC or do a split (if that is possible). With the latter no one loses holding power as with creating new shares. I just don't see people being as game to buy when the price is high. But, if it truly starts to grow and is seen as valuable, then mBTC will be the new term.

IAS

Let that spring coil just a little longer. Note how amazing a buying opportunity we have now with this shower of continuous good/great news and minimal price reaction. This time you don't even need to try to catch a falling knife. Easy, low-risk gains for the non-clueless.

You know what is messed up is that a 100k BTC buy order should be pretty much instant. What follows it is the part that may cause lag but I always find it odd that when the market moves really quickly in either direction gox lags like fuck. It is embarassing.

Agreed, they're slower by orders of magnitude than they should be.  A friend of mine works for a company that designs & programs custom hardware used by these high speed traders.  Order are processed in 1-10 microseconds, not tens of milliseconds.  The kicker is that they're been slow for years, which is inexcusable.  And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp.  I hope the exchange spread lasts until funds arrive.

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

LOL... when did I comment on programming or math in this thread?  I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.

Sorry, I can only take so many YEARS of bitching and moaning about the same shit before I get sarcastic.  You've only had to put up with it for 3 months, so you probably have some patience left.  If he had added anything new, I wouldn't complain, but every point he brought up has been beat to death.

Bullshit. Here is the graph: http://bitcoincharts.com/charts/mtgoxUSD#rg90zig12-hourztgSzm1g10zm2g25zxzi1gOBVzvzcv

Start playing. For me the OBV does not look bullish at all but maybe it would help to know more about it than just gut feeling about a rising chart.

Well that's one way of looking at it, but it's wrong.

I am willing to bet 1 BTC that within two years there will be at least 10 times as many people using Bitcoin than use it today, as indicated by the number of client downloads. If you really think it's a safe bet, and you really think we missed our chance to get users, put up.

Bitcoin can't do more than about 605k transactions a day without a hard fork.

0.0001? 0.001? 0.01? 0.1? 1?

fuck you adam

pretending to be drunk so your epenis seems a little larger?

You cant be drunk drinking gay drink like Coorlights

eBay Invoice Notification for Friday, May 31, 2013

Amount Due:                            C$16.46

It is a phishing attempt.  Bitcoin services have also been impersonated like this.

Not really.
Most bears have an old or high number posts account.

But I still think Bitcoin is currently overvalued.  

Ah yes, I see the Bitcoin, bible thumping, delusions continue.  

"Silk Road, no.  We have a bunch of legitamate businesses."

"Oh really?  Which ones?"

"Umm...well...we have a bunch of VC money coming in."

 

Bitcoin the currency commodity. Great for speculators and dope dealers.  

Btw , the hasrate has dropped by 14k today  

http://blockchain.info/charts/hash-rate

That is within normal variance.

That's just variance.

You'll have to do better than that if you want to cause panic around here.

Sure, but we'll see it hit 108 first.

Slightly oversold:

8.50000?

I'm all in and I don't give a shit. I will fall and raise with BTC 

Dude... it has only been above 30 for three months now.  Unless you bought in the middle of a hype cycle you have at least tripled your money at these prices.  However, I'm guessing based on your posts that you in fact did buy during the hype cycle.  Don't worry... in 6 months to a year we'll have another one.  Zoom the fuck out and relax.

You sure spend a lot of time talking about price for someone who doesn't give a fuck about it.

I wonder how much posts from cypherdoc thread influence the price

I think it's the same pool of money waiting to buy bitcoin at sub $90 price, but lost their patient and decide to buy them at higher price now.

I won't deny some people who go to homeopaths feel or even get better.  But until experiments can isolate 'water memory' as being the most likely factor there's a long list of probable causes to explore before we can reasonably assume there is anything in it.

Effective immediately, BitPay has temporarily stopped using Mt. Gox for determining the exchange rate for our invoices.

The rate calculation that BitPay uses for each invoice is now as follows:

1.  Pull the full Level II market depth, on the bid side, from multiple exchanges.

2.  Merge the market depths into one Consolidated Level II table.

3.  Calculate the blended clearing price for the amount of the invoice, assuming an auto-routing market sell order across all exchanges, with zero commission.

2. Or they all are on IRC trying to understand what really is going on

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

This.  Also, overbought and oversold are dependent on the time frame you are discussing.  As you can see above, on the daily scale we are nowhere near oversold.

Oversold:

What's going on, DDoS?

Ripple will either end with a whimper, as people realize what a bad idea it is, or with a bang, as people find out what a bad idea it is.

Something unusual on Gox, BTC is trading within a 20c band for the last couple of hours. Normally oscillates at least $1 or more.

A compressed price range often leads to a breakout.

What it does is make the Bitcoins into an ETF.  There are well established rules for ETFs for taxes and accounting, so it hides the fact that your investment is in Bitcoins making the accounting easy, its just another ETF in your list of ETF investments.

Whether it is wise to do so is an entirely separate question.  

Also, the ETFs are the #1 mechanism that the leviathans use to manipulate currencies (such as gold).  So the existence of an increasing number of ETFs that can move the market however a central bank desires it to move creates additional issues.

Or milk,

I think something broke. It isn't posting automatically. Not sure why.

upupupupup!

12k? lol.... where did you get this number?

Such an epic bull trap. 

Good thing there's so many bears here, or else we wouldn't enough panic buyers for later. Permabull season has only just begun.

There's so much positive news right now.

I notice they don't mention that the withdrawal freeze is over and has been for 7 days before they published the article.

" instantly purchase bitcoins from connected bank account for a 1% fee."

Seems pretty high to me.

click on it.  It saves us some room to read other things.

The worst is when you sit up all night as long as you can waiting for something that doesn't come ... I hate it when that happens ! Feel like crap the next day, and the action normally happens then lol

I really hate trading sometimes ... in fact a lot of the time. Win or lose, it's pretty soulless and a big distraction from 'real life'

I've never lost any BTC holdin like a mofo. You guys should try it, way lower stress.

Anyone else buying when 94 gets broken?

why the heck are all big movements happening when I'm heading to bed or already sleeping 

I hoped more value is in my charts  

But seriously, if I were bullish (and missed all previous calls) I would place a BUY order between 91.03 and 89.68 and hoped that Mrs Market (there is no guarantee this will happen because Mrs market is getting more and more horny) will take me for a ride in a few hours.

93.00 - cheap. I would buy.

Because:

You forgot the other option, which is holders get scared and start to sell out.

For me too, thanks.

I think he's asking for drugs.

+420

It looks pretty self explanatory to me:

We dropped to 65 and then right back where we started at 100+.  Did ANY money leave Gox AT ALL?  Or was this all just long-term bull traders trying to outfox each other?

Basic math.

This year (2013) aprox. BTC1,312,500 will be minted, those are being added to the BTC10,500,000 minted until the end of 2012, so at the end of the year you will have around BTC11,812,500

That's a yearly inflation of 12.5%

In 2014 it should be around 11%, in the following years it will decrease until aprox. 9% (2016) until it falls to 4% in 2017 because of the next reward halving.

Yes, surprise, Bitcoin the deflationary currency its in a heavily inflationary phase and it will be for the next decade. Good thing is that the inflation is predictable and immune to third party manipulation.

It's obvious that price is not driven by difficulty, but inflation does have an impact on price - at this stage inflation in BTC its non negligible, and its in fact built into the system to pay for the work and costs of mining during the early days of Bitcoin. Thus, looking at growing difficulty and expecting growing price is a fallacy (in fact its the other way around) - but nevertheless Bitcoin is currently inflating at a 12.5% yearly rate, and what miners do with those newly minted coints has inevitably an impact on price.

I believe that there will be lots of newly minted coins hitting the exchanges in late 2013, will just wait and see.

EDIT: in fewer words, wether miners decide to speculate (holding) or to pay for their fiat costs (selling the coins for good) has inevitably an immediate impact on price.

wages have not been keeping pace with food and energy price inflation, so it's hard to back up the claim that the price of labor is inflating.

what miners do with those newly minted coints has inevitably an impact on price.

Most of GPU miners didn't want ROI as soon as possible, as I explained earlier - they counted on reselling their GPUs, and they were mostly hobbyist. But I'm a miner myself, I know a lot of miners, I've seen in first person who are the customers of companies like KnC and how much they are spending, and you have to understand that this last media bubble exposed Bitcoin to a lot of new and uneducated people who run profit calculators at current difficulty (without having their miners yet), they do not even understand that difficulty is growing exponentially, and at the end of the day there is a "gold rush" in which a lot of new people is entering mining because they think they will get rich quick... So we have now a) a lot of individuals investing money they cannot afford to lose on BTC miners, and as you surely know there is a "get-rich-quick" feeling on BTC - they think they will recoup their investment FAST, and this is why they are putting in this game more money they should; b) there are more and more "professional" miners that are investing money in mining with the only intention of generating profit - they will run their operations as a business. That people has to pay for huge electricity costs, renting of industrial places where they will host their operations, etc. etc. etc. A lot of fiat expenses to cover.

During the GPU era, I rarely saw a) and b) miners, most were small-time hobbyist, running their rigs in their bedrooms. During this change to ASIC, I'm seeing a lot of both a) and b). This people needs to recoup fiat ASAP.

two whales with opposing interests ?

Finally, someone with some sense.  It seems like this has become the "MtGox Speculation" forum lately.  So many chickens without heads running around.

Even if we stipulate that the apologists are right and Gox is dealing with a minor banking problem, can anyone argue that they have acted professionally and been forthcoming in their communication with customers?

I hope they get their shit together because to many casual users, they ARE Bitcoin. Anyway, the next couple of weeks will be telling, as otherwise patient people will soon start to doubt the safety of their funds.

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

How was I wrong? Here's my first post that I made on this matter when the price was in the 130s: https://bitcointalk.org/index.php?topic=188829.msg1957530#msg1957530

Like it or not, the bear is on.

PS: Goodbye, triple digits.

Twice that idiot said no more triple digits in 2013 and both times we had triple digits a few days later.

It shows ask/bid depth over the last hour, with the latest time at the front of the chart and an hour ago at the back.  It looks more interesting when the market moves.  It clearly shows any bid/ask walls.  If you click on it then your browser will open another tab with it in full size.

It's strange to hear bitlisten to tinkling away without seeing a single dollar amount on any bubble.

No, there is no liquidity besides Bitstamp, basically. No vendors accept XRP for payment. It's basically speculation for XRP only, and it's highly illiquid. XRP is highly prone to manipulation, much more so than BTC. A single entity can easily dump the value of XRP to oblivion. Indeed, a single entity dropped something like 6 million XRP onto the ask book (9-10 XRP above spot, mind you), and that alone has caused the value to plummet from mid-70s, now to the 180s.

It's too bad Ripple is tied to Open Coin. As a payment system, it's pretty brilliant and has a lot of potential to be extremely versatile for payments/micropayments. But the supply of XRP is completely fucked, fuck holding it. At the same time, since Ripple has virtually no liquidity, there is really nothing to be done but trade in and out of XRP.

+1 for Bonnaroo
+1 for the Vedic Teachings
+1 for the story of Krishna

All that said, I grew up in the same county as Prabhupada's Temple of Gold in West Virginia.  I could say a lot, but I will leave it at this: While Prabhupada has done a fantastic job inspiring thousands, I always take his translations and interpretations with a large dose of salt because I know what kind of malice took place under his watch.  If you want more details, check out this book: http://www.amazon.com/Monkey-Stick-Onyx-Hubner/dp/0451401875

Much of the Bhagavad-gita is just Krisna reciting portions of the Yoga Sutras.  This is a good place to start: http://swamij.com/index-yoga-meditation-yoga-sutras.htm  However, it might be worth some time in a book store to find a translation that speaks to you.  Or better yet, you could learn Sanskrit if you have LOTS of extra time .

For those of you still in denial, the correct count is as follows:
We are now starting wave 2 of 3 of 3 off the $65 bottom.  After this slight correction, we will see wave 3 of 3 of 3 which should take us up to $104 or higher.

sell, sell, sell

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

To answer this, I would simply look at the spread between MtGox and other exchanges (Bitstamp in particular), which has been around 8% the past few days, so most probably no, regardless of what people may say. Nothing is being arbitraged in any significance here.

Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all?
How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever?

And people wonder why bitcoin is valuable .

i don't want to take side in whatever you two have going on.
but everytime Blitz is posting i expect a quote from you just because i got used to it.
the hero member status is by no means a badge for complete reliability, but it's good to see the perspective of people that are around this place for such a long time.
When I read through your post history with the ongoing fixation on Blitz and take the time in consideration you registered here...

after all this is a speculation thread so you don't have to take every word with a grain of salt.

ShroomsKit has been upset lately.  I hope whatever is bothering him gets better.

I don't have any issue with Blitz. He's a good moderator. Surely, his predictions were mostly wrong, but everyone has only 50% chance of guessing right.
My predictions were also mostly wrong even though I never told about them on forum.

Your attitude seems childish and too emotional to me. Your posts most of the time don't bring anything new into discussion, and usually are just filled with hate.
Not only towards speculation, but your recent posts about astrology also were mostly rage-based.

So my action: Ignore.

Who is trying to kill bitcoin?

108 = 2^2 * 3^3 = 2*2*3*3*3 = 4*27 = 12*9 = btcusd

Merchants want fiat not BTC.  Unless paypal merchants can receive BTC payments in USD, it will mean nothing.  The only other benefit is people can buy BTC with Paypal.  Cool addition but hardly an earth shattering update.  Even if such rumors were true, any rise in value would be little more than a speculative bubble if its just BTC -> BTC transactions.  My $0.02.

Nope, I believe news affect FX markets, but not bitcoin.

The news didn't change fundamentals and the market made that clear by burning most of the idiots who sold off.

The point here is if you do a normal iTunes backup without encryption enabled, and then move to a new phone with a restored backup all your google auth tokens will be gone for good. Source: happened to me last month.

Actually it was scary easy just to email the services and ask them to remove 2 factor auth so I could login and re-enable. (CampBx, Coinbase, etc)

Don't you know that your email address is the keys to the kingdom in almost all security policies?

Now is the time to go all in!

That fits the exact premise of a bubble with a classic bulltrap.

The FED can only "print" by creating more debt.  That debt must be paid back, with interest.  This is why "printing" is deflationary, and why everyone who screams about the FED devaluing the dollar will soon see their hypothesis fall on it's face.  Debt is hitting it's limits, and with interest rates continuing to rise dollars will soon be in short supply.

180 by last friday

So what will increase by $90?  The price, the whale suppression, or the gov oppression?  Probably a combination of all 3, but in what proportions?

I have a degree in Mathematics.  Try me.

at the risk of getting slaughtered here, does no one feel the price is being propped up? don't get me wrong i've been well wrong since July consistently but I dont see unabashed demand for bitcoins, i see huge buys at 4 AM UK time when the US is starting to go to bed and massive bid walls appearing as has been the case it seems from 75 onwards.

I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.

Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift.  To me it seems like a giant bet on which way the whales will go next.

If we make it to $150, I switch to bull 

Just increased my position on this. See how we go. Next stop the moon.

Yep, sorry tobyaus.

What makes you think APIs are down?  My bot is working fine.

They're always the first to fail... this is why I just use the https/json APIs.  I doubt other bot herders use those without a fallback, but I guess there might be a couple.

Which might explain bitstamp having zero volume shown here:
http://bitcoincharts.com/markets/currency/USD.html

Can you tell me why you think bitcoincharts.com is owned by an exchange?  I have seen this rumor several times lately, but I have seen no evidence, and my memory tells me differently (yet is not clear enough for me to tell you who in fact does own it).  Yes, their whois says "K.K. Tibanne Privacy", but that is just the standard privacy information for any domain Kalyhost registers.  Being hosted by Mark Karpeles company doesn't mean MtGox owns it.

After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.

Not manipulation? This whole market is a manipulation circlejerk.

This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.

I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.

Of course the smart people don't publicize their predictions, or at least not precisely.

I will never understand why people use ms paint when there's gimp and inkscape.

Trust me, that's only because you learned Windows first.  When I use Windows, it always takes me 10x longer to accomplish any task than on my Linux box.

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

Zerocoin will only happen in the form of an altcoin.

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

Supermax for a skinny nerd who ran an illegal website... Seems logical they would only put Aryan supremacist/murderers/rapists in those kinds of prisons. Not some guy who ran an obscure online drugs marketplace.

Nice price action, but volume/momentum shows bearish divergence.

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

Bearish divergences on most timeframes as well.  Momentum/volume just isn't there.

Started at the bottom...

[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

They should also have several fallbacks.  They already generate and sign the transactions with their own code, so they just need to broadcast it.  Any client can do that.

I'm just saying that all they need is the network communication code to be able to broadcast the withdrawal transactions, and they should have redundancy in their setup in case a bug is triggered in one client or a server goes down.  Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.

Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.

[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

They give you the transaction id when you withdrawal, which means the transaction has to be created and signed.  It is later broadcast on the network.  There is always some delay, but with the outage the delay was longer than normal.

bitcoind != bitcoin-qt, but whatever.... also, just because they use bitcoind to handle the networking and blockchain doesn't mean that bitcoind has the only copy of the data and the only codepaths that can work with said data.

That is a good example of a possible fallback they could implement, as I suggested.

Since I am a programmer by trade, the difference seems pretty large to me, but I fully understand that under the hood they have the same engine.  But bitcoin-qt has a lot more code, and has a much larger attack surface.