How is the death of bitfloor affecting the price?

It is currently having absolutely no impact. Though bitcoin trading is typically slower at this time, and people don't react to news that quickly compared to traditional equity/commodity/currency markets.

Thanks for the links for mtgox and bitstamp. In bitfinex level 2 order book, is the order count talking about duplicate orders or something else?

Here is a link about it being Neal King, Vladimir Oksman and Charles Bry:

http://www.bn2b.com/who-is-satoshi-n...ery-good-clue/

Always possible those guys could have just filed a patent for someone else, or been part of a larger group. I'm sure there will be more evidence over the years, as good as Satoshi is at hiding, the internet just never seems to let anyone keep secrets for very long.

Whoever said Max Keiser: That guy would never be able to keep his mouth shut about being involved, he is way too big a self-promoter.

Did the btc-24 situation have any discernible effect? The Bitfloor closing doesn't look as potentially bad as btc-24 (at least yesterday when I last looked, people on bitcointalk were pretty mad and it seemed priiitty likely money has been lost).

The way places drop like flies, I hate having any coins in the cloud for any amount of time.

None of the closings appear to have impact. The impact could however be that the buying pressure would have been greater had the closings not happened, but in fact it made selling pressure enough to counter it. It's certainly not good news for bitcoin, but on the other hand it does make for more liquidity in mt gox since people will tend to move there if another exchange closes.

Btc24 had an unfortunate exploit on their site allowing users to run off with all their money

There is a lot of sale volume now. And no buy support at lower price levels. Could lose 10% pretty quick here... It's impossible to just follow it based on this though, people enter the market without having limit orders way more frequently and those change everything.

wow bitfloor closing is such a bad beat

100% satoshi is a group and not a single individual

100% god is a man. See? I can make statements with no conclusive evidence as to why as well.

still intrested!

well little man I wouldn't get such juicy info if I babbled about the details would I?

Bitcoin in Time Magazine: http://www.time.com/time/magazine/ar...140782,00.html

"Whether or not it transforms the financial system, Bitcoin has already become its conscience." Competition from deflationary currency could keep inflationary ones in check. Not USD at this point, but small national currencies perhaps in the future.

wish more info would come out on bitfloor closing... was it cuz they were in debt or cuz of government?

Rainetech, you should start a service like S3052 and sell subscriptions for you analysis. He has quite a long history of stock market technical analysis, and he has been around for over 2 years drawing these lines on bitcoin graphs and talking about channels and waves and triangles, and when he used to post he would move the market. If he predicted a down trend for example, the second he posted it everyone would race to sell, and there was such high demand for his services from donks that he started charging people instead of posting it on the forum for free.
http://www.bitcoinbullbear.com/

http://en.wikipedia.org/wiki/Random_walk_hypothesis

Probably because their business model was flawed. Once they realized they couldn't keep a national bank account open and take cash deposits from thousands of people they didn't have any other ideas for easily funding accounts.

They'd be weeks out if they were trying to get dwolla or similar set up as a replacement.

Man, I dodged a bullet. I cashed out 90% ($1900) of my BTC roll last week when market went to crap ville. It took about 3 days or so to get verified, and my ACH hit the bank yesterday. Whew!!! I still have 2 coins on there, but I am going to write that off as an expense.

What I don't understand is that they said that "due to circumstances beyond their control...."

This makes me think that there was some type of crack down from either BoA or worst.

Exchanges typically get their accounts closed for either not doing proper AML like bitcoin-24, or for having a huge volume of small transactions with only a small balance in the bank account. Services like TransferWise can only keep their accounts open by parking $500 million in them, and bitcoin exchanges do not have that kind of capital yet. There is no banking conspiracy against bitcoin.

everything he says about paper money could be extended to bitcoins. his conclusions dont follow his argument at all.

i do gotta give him some credit for the trollerific spelling. is that like a signature of his?

is this bc of the government in some way?

hmm... i noticed on that site you linked that he wrote this;

"After the predicted huge rally, it was clear that this needs to be corrected in some point. And it happened in the middle of the week with a -80% drop from 266 $ to 54 $. This sounds huge and it is a huge sell off. At the same time, BTCUSD is still up many thousands of percent from the start of trading, the "bitcoin IPO", in summer 2010.
We have warned here about a imminent possibility for a sharp correction only hours before it happened. "

he warned only hours before it happened? do you think there are actually enough subscribers that his advice had anything to do with the massive sell-off? i agree it was due for a correction and all, but it seems like this could exacerbate the situation if you combine the pure gamblers that wanna lock in a profit with some btc prophet telling paid subscribers to sell. i would have to imagine that if you pay half a btc a month for his advice, you would need to hold quite a bit of coin to make it worthwhile. so his followers could cause major waves. i have never seen this site before, and have no idea what kind of clout he has, but you made it seem like his opinions carry some real weight.

also, wanted to add that rainetech should keep giving us 2+2ers free advice. i don't own enough btc to pay for it.

All,

https://bitslog.wordpress.com/2013/0...oshi-nakamoto/

So that guy currently has $120m worth of BTC! If he decided to start selling, I'm guessing that's enough to move the market quite significantly (although it's probably not in his interest)