i'll bid 2 btc and just give out the 200,000BTC to there rightful owners
everyone cool with a 10K BTC un-goxing service fee??
where do i bid?
I bid 10 BTC to take over the remaining 200,000 BTC. Seems legit The surprising part for me is that victims's lawyers support it. Do they know something we do not? Or have not learnt their lesson yet? Er... I am a victim, and I don't. Nor does my lawyer. Does anyone know anyone who was actually consulted? Edit: OK, not a massive loss, but a victim nonetheless. The news - on coin desk and such - make it sound as if there is an international coalition of Mt. Gox. victims who thinks this taking over is best for them. But perhaps a couple of biggest holders want to divide these 200,000 BTC among them, at the cost of smaller holders like you ... Would be sad but at least would make some sense. I cannot make my mind around Gox victims suddenly wanting to invest in Mt. Gox instead of getting their portion of newly found 200,000 BTC. Settling with Gox's second in command before any real investigation started is a strange move, too  Strange move? Not really - he will be relieved and grateful not to be in the dock for anything and he knows where the bodies are buried and maybe even how to dig them up. Pay him handsomely on condition he will help you lock the door once you're in and tell you what went on and how things are really done Then your 'investigation' will announce whatever it suits you to reveal (after the money has been spent): "We are sorry to announce it really seems things are much worse than we thought, our investigations at vast expense seem to have discovered it will take a lot longer to sort this out and it is unlikely much will be left to pay out for the time being, and the new exchange launch will be delayed. However, we will strive to find the rest of the money. We promise. By the way, if anyone knows where any more coins are, please do let us know" |
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i'll bid 2 btc and just give out the 200,000BTC to there rightful owners
everyone cool with a 10K BTC un-goxing service fee??
where do i bid?
I bid 10 BTC to take over the remaining 200,000 BTC. Seems legit The surprising part for me is that victims's lawyers support it. Do they know something we do not? Or have not learnt their lesson yet? Er... I am a victim, and I don't. Nor does my lawyer. Does anyone know anyone who was actually consulted? Edit: OK, not a massive loss, but a victim nonetheless. |
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i'll bid 2 btc and just give out the 200,000BTC to there rightful owners
everyone cool with a 10K BTC un-goxing service fee??
where do i bid?
Of course everyone would - but no-one was asked. They must have looked and thought - "Jeez - look! That stupid MK left 200,000 behind just sitting there, and no-one with a decent suit on will go to jail for helping themselves. We would be stupid not to go for this before anyone else does" Cost of offer to receivers: minimal. Result of success: control of assets instantly convertible into 90 million bucks. |
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so no one is going to get gox coins instead they'll get a tiny piece of the new but not improved MtGox that will go under a few months after it reopens  Agreed - these guys are not heroes come to save us. It's 1 (yes, one) Bitcoin to take over control of 200,000 and do what they want with them. Simple. I honestly doubt anyone who was goxed will see very much, if any compensation. The only difference to Gox part 1 is that this lot will do it 'legally'. |
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Writing here to voice my support for the '$5 trade minimum' fix.
On the plus side: fees can be expected to be near the advertised fee percentage from now on.
Also on the plus side: Bitstamp reacted fast to customer complaints and implemented a fix.
Also also on the plus side: Automated high frequency/low volume traders will hate it.
On the negative side, it seems to bring out the trolls. Oh well, can't have everything.
tl;dr To some it might look like a hack, but it's a solid hack, so no complaints from me.
Agreed - issue raised, exchange responded with a reasonable fix. Job done. We have had far worse concerns ignored by other exchanges in the past, let's face it. |
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Random thought, how would a war in Europe affect Bitcoin ? 2014 seems to be a really really bad year so far !
(snip) .... But completely hijacking the conversation, I posted earlier a link to another thread about Sunlot and you-cannot-make-this-shit-up shenanigans. I got a few rightfully concerned replies, but no real discussion. Does nobody care? I think it's a serious indirect risk to the Bitcoin economy... I read Phineas G's stuff on Sunlot and it was quite shocking - it does seem like the SaveGox is more SavageGox to me - I really can't see the kind of people involved doing anything other than a cynical raid on assets and laughing all the way to the bank, or that Spanish villa some of their associates seem to enjoy. Equally surprised no one seemed to comment TBH. |
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The poll is missing 'boredom' or perhaps 'frustration' none of the terms really fits these kind of feelings.
I can't be the only one who feels like it's dragging along somewhat indecisively...
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Can't help noting the price is hovering around the bullish high of Adam's poll...
EDIT: 20th April - in what time zone, Adam?
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Welcome back, Adam - you were sorely missed.
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big candle just broke the wedge on both sides. evidently my vol read was right. i don't feel adequately hedged with margin shorts right now. i wish there was a liquid futures/options market. sure seems like a big money maker for someone. i'd do it if i had time.
A lot of hassle - you wouldn't get a lot of sleep - best left alone. Concept - fine. Real world difficulties in running it, a total nightmare. |
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I was also a bear until 25. Feb, but then I bought at $448. We are now at the same price. Are you risking to be a worse trader than me?  Surprised you didn't sell at some point to be honest He actually bought substantially more in the last dip in the 300s |
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Also in the April 2014 crash bitcoin lost 75% without any fundamental reason for the crash. We're not at 75% yet and we have been plastered with negative reports on mainstream media. The only bitcoin stories I have seen recently on mainstream TV in the UK have been about gox and the crash. That sticks in peoples minds.
2013? The fundamental reason was that it was simply too high. Well, mt.gox helped crash it by lagging out Maybe it would go higher if it wasn't for that, maybe not... Maybe go fuck yourself Unreasonably insulting. He made a reasonable comment and you are simply not worthy of cleaning this guy's shoes. I hope you take your own advice. |
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Most obvious prediction is down to 2500 on huobi
Bears are washed out, the current selling is mainly profit taking. We aren't going below 400 unless fresh Fud news from china comes in. The bulls seem more washed out to me, I don't see many people buying at the moment. some people are worried of being a 450 bag holder. I am more worried about the bag being on the train, while I am standing at the railway station platform trying to figure out how to get to the next train station so I can get on the train. And there are plenty of people like you that feel the same. I think when we finally hit the bottom we will level out for a while. I don't see a big bounce, followed by choo choo. So for me at least there is a lot less risk in dollars or yuan. All the gox, China, Australia news, does not go away overnight, and it's new investors that are needed. More bad news could be just around the corner. Many personal investors with serious cash are older, and don't understand bitcoin, and are naturally more conservative. Corporations, wouldn't touch bitcoin with a shitty stick right now, as it looks risky on price and it looks even riskier on regulation. Lets face it, there is no good news for new investment. LOL. Can I quote you on that? What's App sold for $19 Billion dollars. You don't think there aren't one or two VCs considering the possibility of cornering the market for the next rally? NONE?? 10% of CoinBase and Blockain wallets holders could support this price level for less than $10 a day. By themselves. I have thousands of dollars waiting for bear suckers to dump so that I can take your coins. I'm pretty sure we can come up with money to buy longer than you can come up with coins to sell. The Fed is quantitatively easing ~ $50 Billion/month. Maybe I'm wrong. We'll see. Sounds to me you are gradually coming out of bear-mode, BJA. If so - welcome back. We have seen the lows, and it is a pitifully small drop from where we are to what are VERY cheap coins. Too cheap. Yes - buy like a mofo if it dips again, it may be the last chance... I increased my (not massive) holdings by 25% on Thursday in that dip and I am quietly rather pleased with myself. There is not much that can take us down from here, and the upside has a hell of a lot more room in it. If you feel different - you are right to: If it was going to crash, the bears had their chance to drive it to 266 and maybe lower 48 hours ago. There is not much fiat coming in, so we should be seeing carnage if Thursday was not the bottom. But it didn't happen. And it won't. China has been priced in for weeks, Gox is gone. All the other (ignored) news is actually very positive - more so than ever. But most importantly the market thinks that 339 is too cheap. It is being 'remembered' that coins are scarce and they are very cheap, in my humble opinion. Sub 400 is a steal compared to what we we will see this summer. Even under 450 is a safe buy compared to what is to come. Like KFR said - people treat a day like it's a month on here, it's hilarious. Sentiment sea changes have already come, don't short - BUY. |
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So, since you have popped in, how long til we get a head of steam up again and this all calms down (to enable a base for a decent rise)?
I note and agree with your points about exchange confidence keeping money off the exchanges in any depth, but greed will surely conquer wariness at some point.
I would welcome your thoughts on timescale back to a decent bull market - a month, three... longer?
In my baseline scenario, we close April at above 500, and 1000 will be breached in July. Then there is the slower scenario but I am quite hopeful that 2014 will be a year of a new ATH nevertheless. As everyone (including me) expect a 2-3 month plateau, perhaps that is not what will happen  Yes, I think the fast bounce back was extremely positive over Thursday night - for me it showed there is buying to defend the price a fair bit over 300. This makes the room on the downside look far smaller and is therefore reassuring. I know you were buying, as was I (but not on the same scale). I don't know if it will turn before the end of the month, either - but I do agree it should before autumn. I hope you are right. |
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Right now watching BTC is about as exciting as watching grass grow  For me, last night the grass put on a pretty interesting show. We watch and wait for the moment there is a bloom of excitement. Every now and then it rewards our patience. "We watch and wait for the moment there is a bloom of excitement. Every now and then it rewards our patience." that's beautiful  lol Well.... poetic license aside - it's true, it does! You have been around long enough to see people freaking out at amazing rises and crying over crashes. And we are here for the long game and we love it - we are junkies. Most of the hours I have spent here have been (as you said) like watching paint dry - but every now and then, it's been seriously 'can't tear myself away' exciting. And who knows, we might be changing the world a little, right? |
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Right now watching BTC is about as exciting as watching grass grow For me, last night the grass put on a pretty interesting show. We watch and wait for the moment there is a bloom of excitement. Every now and then it rewards our patience. |
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AFAIK the reversal from ~Dec/19 to ~Jan/6 has an obvious explantion: Huobi concluded that they could still operate via bank accounts instead of the big 3rd party processor (Alibaba?), and their clients gradually migrated to that medium. In fact their volume increased after Dec/16, perhaps because OKCoin and BTC-China clients moved in.
Shit, just bought 900 LTC on market by mistake  BTW newbie question: what does consolidation mean in this context?
I realized I have probably never said it - I love you all! This is such community and thread, much wow!!1 <3 So, since you have popped in, how long til we get a head of steam up again and this all calms down (to enable a base for a decent rise)? I note and agree with your points about exchange confidence keeping money off the exchanges in any depth, but greed will surely conquer wariness at some point. I would welcome your thoughts on timescale back to a decent bull market - a month, three... longer? |
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The 'slings and arrows of outrageous fortune' will decide everything for you once you do But if you're new, maybe watch and learn a little. And never go all in, or all out. If you missed buying in last night you do have time to watch a little without missing out on an all time high. Not much money will be hitting the exchanges this weekend, so (in my worthless opinion) it has as much - if not more - chance of testing 400 as it does of getting anywhere near 500. Things are better than they were even in the past 24 hours - but it will be a wait for choo choo trains and rockets. That said - when it comes, it will have been worth the wait. |
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Shit, just bought 900 LTC on market by mistake gimme some:)) sold them immediately for 100$ loss, could make that much if I waited a minute, I'm such sucker sometimes Didn't see this before I posted - but only sensible move IMO. This weekend there will quite possibly be a point where you will say - thank god I didn't hang on to them. |
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Shit, just bought 900 LTC on market by mistake You will be ok if BTC stays positive, but no guarantee of that - even over this weekend, so I would reduce that exposure fast if I were you  |
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