Instability, probably.   More correcting?   I think that it already over-corrected by a bit.   This was more a manipulation than correction.

I'd like to add for iPhone users there's an app called Bitcoin Ticker that has a price alarm function. I never have the time to set those alarms however

Sounds more like to me as you got burned and are not willing to admit it - yet.

I am predicting we get a rally up to about 12.40.

More like 12.25 before another plunge probably

Sure, It's simple voo-doo really! At the time of my post, we were just finishing wave-1 down. Knowing that we were ready for a correction, I stated "up a little" for wave-2 (which is topping as I type). "Then way down" in wave-3 (Never the shortest wave). "Up a little" in wave-4, but probably more sideways than up (triangle possibly?), before the final drop "just a bit further" in wave-5. 

This correction has been LONG overdue! It will take all 5 waves to show some of the perma-bulls and the new guys that weren't here last Summer/Fall that up, is not the only way it can go!
It's not all about wave theory either. The underlying indicators have been in an extreme overbought state for a while now. Shh...If you're quiet, you can here them breath a sigh of relief! Ahhhhh

Signed a binding agreement with them for a specific price after doing a full survey of everything. After the truck was fully loaded, they added another grand to the total and said they would SELL MY FURNITURE if I didn't pay.

Sry I know this doesn't belong here but I just had to vent somewhere. Everything's a scam

BA out

I've decided Nefario will get a scammer tag for this. Speculating on intents and motivations behind his actions is fun and all, but it doesn't really have any bearing on whether he broke his contract or not. Like I said in Goat's thread, my role is to decide if he deserves a scammer tag based on his actions. If Nefario can't or won't elaborate on why he took the actions he did, that's his problem and he should take it up with the appropriate people.

Even if he doesn't have control over his current actions (which I doubt), he did have control when he decided to start the business, and he did have control when he made the agreement and sold pieces of the company to the shareholders.

This was a pretty good analogy that made me look at it a different way.

Before anyone considers buying, look real hard at the last 12 hours.



All the volume is on the way down. I don't believe there are any signs that this is over, and I genuinely do not want anyone to get burned here. Also don't forget that Monday is a U.S. holiday, so 'the weekend dip' could be stretched a bit.

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"To complement the Forum moderation policy for Speculation, here are a few guidelines on why postings are likely to be deleted or moved.
On Market Manipulation:

    Clear suggestions to market participants to take a particular course of action (e.g. "Buy now before the price goes to 5", "SELL quickly, the weekend is coming")
    Deliberate spreading of false or forged and deceptive information like faked charts
    Announcements to take a particular market action (e.g. "I am going to buy 50k BTC tomorrow, so you better buy now.")"


Sorry to be an ass, but if our moderator is going to delete my for fun threads because, in his view, they lack "substance" then I am going to at least insist that he enforce his own bullshit rules.

Not, mind you, that I have ever understood what good a "speculation" forum is with such rules.

I mentioned it briefly in my sale thread. And I've mentioned it before in other places.


I don't have the user database.


I tried to remove him as CEO, but there wasn't enough shareholder support. 5-6 people supported removing him against three (including Nefario) who didn't, but our side didn't have enough shares for a motion. Three large shareholders weren't at the meeting, so it was difficult to get the 51% required.

Later on in the meeting, Nefario somehow managed to convince 1-2 of the people who had supported removing Nefario, which is how he was able to pass a motion to order me to give him the treasury funds. So I doubt a motion to remove Nefario is possible now even if the absent shareholders voted.

It doesn't matter anyway, since Nefario said that he would ignore the shareholders and shut down GLBSE. And shutting down GLBSE is against the bylaws, so he needs a 66% vote. He didn't even pursue a 50% vote.

What would I do with the money if I kept it? I don't have the user database.

One thing I constantly warn people about is self-censorship. If you think it is a good thing to remove Nefario as CEO, then put up a motion, and let him ignore it and take responsibility for this. By not putting up a motion because "he would ignore it", you are simply letting him go on as CEO.

Please do not censor yourself, and do what you think is right for GLBSE regardless of what you think Nefario might do then. That could protect you in the future.

(disclaimer: I don't have any coin or share on GLBSE)

So why is Nefario not making this announcement himself?

Very unprofessional how this was handled.

I have talked to James.
I can give you guys a small unofficial update.
James can't reveal any details until the official statement, but he says the coins are fine and that there has been no hack or bug.

He also hinted upon legal issues, which leads me to believe that the reason GLBSE was taken down was due to legal issues probably SEC or something similar.
//DeaDTerra