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2981  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 03:48:07 PM
Im personally more in fiat than I have been in a while but fairly balanced overall, there is no way this news spreads around the world and the price shoots up. Once the whales stop supporting this price with the walls around 550 its gonna go down and quickly.

2982  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 02:29:44 PM
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

Yes - but a lot of market actors actually have less Bitcoin than they previously thought (everybody with balances at gox). All those that want to replenish their positions will exert buying pressure on the market. Or am I missing something here?

But the majority of those actors who had particuarly large amounts of btc on gox were early adopters who arent going to go and drop 6 or 7 figure sums of money to replace their coins, not just because of the monetary costs but the loss of faith etc.

The other people who lost large somes of money will be daytraders and big investors who did it just for the fiat gains, they too are not going to go ah well lost 6 figures lets go buy some more.

The rest of the masses , who can afford to replace a coin or two , probably make up a much smaller percentage of the overall loss than most would think.
2983  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 02:17:45 PM
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins
2984  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 02:15:48 PM
I lol'd



2985  Bitcoin / Bitcoin Technical Support / Re: Withdraw Bitcoin from BitAddress.org offline wallet on: February 28, 2014, 02:12:33 PM
If you dont want to change address you will have to spend the coins while specifying the adress you want to keep as the change address. If no change address is specified then the extra will go as miner fees. Someone correct me if I'm wrong ?
2986  Economy / Service Discussion / Re: What were the reasons behind the mtgox collapse? on: February 28, 2014, 02:09:00 PM
No coins left....


Seriously no one know the exact reason until MK says. Until then its all speculation.
2987  Economy / Service Discussion / Re: Something Tells Me Mark Karpeles Could Care Less on: February 28, 2014, 02:08:05 PM
He probably cares, just completely unable to deal with social situations. It also doesnt feel good to know that a large portion of people you used to call freinds have washed their hands of you and and even worse probably want you dead. Im sure the truth will come out in good time but what were you expecting? Him to start sobbing at a press conference where they are announcing bankruptcy protection??
2988  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 02:04:21 PM
Unbeleivable, wheres the explanation, hell wheres the proof.

"Le bitcoins are lost, that is all" - MK

But seriously now its all out in the open what has he got to hide. Hes saying that someone hacked the system and but is unable to press charges for it, well then 'accidently' leak the persons details and we can maybe recover some coins  Wink
2989  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 12:40:46 PM


Probably the second one, I mentioned it on Gox bankruptcy thread. It makes me wonder if it would be good thing to buy some GoxBTC if price fails more.

How would you go about recovering money then if Josh has all the coins? I cant see him receiving a sum of money and then sending out 100's of wires. Furthermore you don't know how long it will take and by the time you see any money the btc you spent could be worth more than the gain.
2990  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 12:39:09 PM
$550 is looking very well defended. Dont think we will cross it on such low volume. Then again there's no reason for shotting back off to the moon either so I think a sideways day or so maybe in order. Unless some whales react and take advantage of the 'news'.
2991  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 10:41:12 AM
Yeah did anyone see that geek week video of him and all the stuff saying how he had previous experience coding and integrating banking systems and accounting systems etc. Theres no way he just let all those coins get stolen like that.
2992  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 10:04:20 AM
Lost, when did he say they were lost? He said stolen, which means they are still out there either sold, to be sold or waiting for a rainy day Wink
2993  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 09:58:34 AM
Karpeles actually said something!

https://twitter.com/The_K_meister
2994  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt on: February 28, 2014, 09:48:16 AM
Doesn't that mean some hope for people looking to glean something back from gox?
2995  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 10:57:52 PM
lol at anyone who bought into that gox rally earlier.
2996  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 07:00:40 PM


he just wants to get your goxcoins cheap.

I sense someone might want the price to rise so they can balance their account  Wink
2997  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 06:52:06 PM
gmaxwell talking some sense about the speculation that gox still has a lot of coins that are going around Reddit.

http://www.reddit.com/r/Bitcoin/comments/1z3v4k/claims_that_mtgox_has_a_lot_of_coin_so_far_look/
2998  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 06:36:31 PM
I'm enjoying this hypothetical forking question  Smiley

This is certainly not the point in time where a fork were to be actually considered but there might come a day where this becomes the case.
In a sense this is the ultimate strength of the system and the reason why cryptocurrencies are here to stay.
No regulation or external influence can stop a new spawn from emerging

I agree to a point but a fork like this would split the community to the point the miners decided and they would do it for money, therefore in that sense its just as bad as the old system to even consider this. A fork would only ever be considered for a change in the protocol not to restore lost coins.
2999  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 06:31:51 PM
Lol fork bitcoin to bail out gox users. I have some btc tied up in the gox debacle but I would NEVER support this.
3000  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2014, 02:09:56 PM
This is smelling more and more like government
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