It's because it was like 15 minutes of downtime on a no-volume day. I mean, a 200 BTC market buy pushed it from 109 to 112.

This downtime needs at least an hour or it won't even extend through people's naps.

Not a lot of bounce back when testing 110.

I guess we'll find out how fake the wall is if someone ships in a 3k market sell and we drop beneath 110.

Sage.

Yeah dude, your machine isn't niche. People throw 6x 7950s into whatever kind of spare frame/milk crate/cardboard box/shoe box that they have laying around and dominate 2.1KH on a daily basis.

Post pictures of what you have for sale. Failing to do so makes your intentions evident.

Wanted to give a shoutout to this seller. Bought 4 cables off his site on April 30, paid via Bitpay, cables arrived in Canada this morning.

Thanks bro, was a pleasure.

Def need a bigger picture.

This is exactly what people need to realize so that they stop getting played by Propaganda Ministry rhetoric.

If the CCP's Propaganda Ministry is hyping BTC you can bet your ass you're amidst a pump. It's not some noble endorsement of new technology by the Party's "broad minded" leaders, it's a play. Nothing that comes out of that regime should be taken at face value. It's not a normal government and not a normal society.

It's easy to discern from looking at events. The CCP runs nothing like a normal government in a normal country. Everything is centralized in an authoritarian structure with no checks or balances. What can and can't be broadcast as news via the CCP's media network is strictly controlled. There is a Propaganda Ministry for a reason, and a member of the CCP's Politburo Standing Committee governs the Propaganda Ministry for a reason. Bitcoin is a technology that provides a certain level of anonymity and freedom on an economic level, which contradicts the CCP's overall modus. Specifically, it makes it very easy for CCP members who are embezzling money out of China to do so with relatively little opposition. It goes against the CCP's survival. So, in my opinion, if the CCP's Propaganda Ministry broadcasts a piece like this it is because it benefits the personal interests of high ranking CCP members.

Furthermore, the common Chinese citizen can in absolutely no way afford to dabble in BTC. They are impoverished and destitute. 700 Yuan for 1 BTC is outright unattainable if you aren't upper-middle class and above. Even less is it safe for them to do so when the entire country's Internet is strictly controlled by the CCP's massive surveillance network. Assuming that the common Chinese citizen can get involved with BTC is even more naive than believing the people in western slums are going to get involved with BTC.

So, who can afford to dabble in BTC? China's wealthy. Who are China's wealthy? CCP members and those closely affiliated with them: http://www.forbes.com/2011/09/14/china-rich-lists-opinions-contributors-john-lee.html

If you think that's not true, keep in mind it is very, very difficult to exist as a business or a wealthy person in China without the blessing of the local CCP bosses. Bo Xilai's various campaigns in "countering corruption" were all fronts to eliminate his enemies and competitors in business. People routinely get charged on false charges and get sent off to labour camps to endure years of torture, rape, and murder because of this type of factor.

There's just no reason for CCTV to air this article unless someone has a vested interest in a pump. Every single one of you who thinks that CCTV runs as a normal journalistic outlet does in the West, or even one as degenerate as Fox, simply does not understand the Party. It is no different from giving credit to North Korea's media when it shoots its mouth off.

People really need to give the China bullshit some thought. Absolutely nothing material has changed since that article aired. Gox's banks are still closed until *Tuesday and it's Saturday in China, too. It's not that simple to get millions of USD in fiat onto the exchanges.

Furthermore, the outright majority of Chinese people are destitute and impoverished. It's like ~600-700 Yuan for one BTC. The only people in China who can play the game are the affluent, and the affluent are all connected to the CCP: http://www.forbes.com/2011/09/14/china-rich-lists-opinions-contributors-john-lee.html

We saw _one_ sell off as a result of the Coinlab v. Gox lawsuit. _One_ dip into the 80s that didn't even last two hours, and that suit can outright destroy the world's only high volume BTC exchange. But for this pile of shit spat out of the CCP's Propaganda Ministry, people lose their sense of reason thinking that within hours of it airing that it switches the state of affairs from bear to bull.

Outright retarded. Humans are trivial to play.

That CCTV report is totally someone within the CCP who has a large position in BTC running a pump and dump. Taking anything that comes out of a totalitarian regime's propaganda ministry with anything less than a huge, huge grain of salt is a major mistake.

That fake China hype is all over these forums too.

The Chinese Communist Party owns/is the media in China. Everything is state-run, period. Any semblance of free market in China is a facade put in place to give the vague impression that the CCP is not as tyrannical and parasitic as it used to be to international observers and the general Chinese public. The purpose is to placate hatred against the CCP so as to extend that collapsing Party's lifespan. The reality is that everything in China revolves around the personal interests of high ranking CCP members.

What you're seeing here is actually the beginning of a pump and dump by high ranking CCP members by bringing investment into BTC by lower levels of the Chinese public while the cadres that hold huge amounts of BTCs and billions of USD worth of fiat will be the ones who profit.

Also, if you think securing BTCs, BTC companies, and exchanges is perilous over here in the free world, imagine how unrealistic it is to do it in a country where 100% of the Internet is controlled strictly by the CCP.

The CCP is actually a huge mafia organization that seized control of the world's largest and oldest country almost a century ago using the banner of a political party as its front. You would be weary as fuck if you were dealing with the Russian/Italian mafia. The CCP is much larger and much more dangerous.

Don't play the Party's game for them.

Because when you ship $500k into something and sign an agreement and the other party fails to fulfill their end of the bargain, you have to do something about it.

You have to understand that the conflict that underscores a law suit like this doesn't start the day the suit is filed. Undoubtedly for months Coinlab has been trying to get Gox to fulfill the reason Coinlab gave them a half mega. This involves months of phone calls and letters between Coinlab's upper management and Gox's upper management, as well as months of demand letters, most likely more than one, from Coinlab's solicitors to Gox's CEO and solicitors.

This is the real world equivalent of getting grimmed on a ~5000B transaction. After some time of not getting what you paid for and exhausting all reasonable methods, you call the guy who grimmed your 5000B out in public.

Whether or not there's merit to Coinlab's claim is something that will be metted out in the next several months. If there is, you'll see it settle at some point early on. But there's also cases where suits drag on for a long time even though one side admits liability, because the real dispute is the amount/substance of damages to be paid.

So really, it's not that he's trying to crash it. This is business in the real world, and unless Coinlab's case is super unmerited they're probably not wrong to do this. I doubt their case would lack in merit or solicitors of Susman Godfrey's level wouldn't even take the case, let alone spend the huge number of billable hours that go into the process before filing a claim in US Court.

When does the holiday in Japan end?

You almost definitely don't have to worry about account freezes if you're a US/Canadian account holder at Gox. The suit was only filed today. It hasn't been served, it hasn't been replied to, it hasn't moved forward at all.

Law suits take a very long time. I would expect the worst case scenario for Gox suspending trading activity to US/Canadian customers to be a few months down the road if Coinlab files and wins a motion for an injunction forcing Gox to suspend trading activity until the suit has been settled, but I have no idea if that is even possible in this jurisdiction or if Coinlab would even have grounds.

Apparently is legit: http://coinlab.com/status

In a lot of jurisdictions you can file a Claim and have several months before you have to serve it. This is usually done to try to leverage your position without having to go through with the trouble of actually starting a suit since the clocks on response, examinations etc don't start to tick until after service. That would also be why you don't see an announcement on Coinlab's site. It's entirely possible that they'd rather get what they want out of Gox than burn years and millions of dollars in court.

As for it not showing up on searches, it was supposedly filed today. I highly doubt any North American court system is so efficient that online searches are updated within hours of pleadings being filed. This is especially true if the suit was filed near the end of the day.

Anyone should be able to order a copy of the pleadings when the court house opens tomorrow if they exist. I suppose it will be clear then.