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81  Economy / Speculation / Re: Satoshi Dice Buy out: 126,315 BTC! Payout to be released to share holders! on: July 18, 2013, 02:07:26 AM
Also:

"Hey everyone, we are going to buy 120k+ BTCs, please don't jack up the price, mkay?"

 Cheesy
82  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 01:53:16 AM

1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay
2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested
3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it
4) The news is now in the public domain, and there has been no price movement



Quote
1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay

Yup, so no new BTC purchase.

Quote
2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested
Sure.
You can be faithful and still sell to buy back later.
That's the easiest way to grow your BTC stash.

Quote
3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it
4) The news is now in the public domain, and there has been no price movement
Bitstamp is now at $90... might be in part because of this... we will never know.

Also, those BTCs are not yet released. They will be in a few hours.

But who knows, maybe everyone will just decide to keep their BTCs.
83  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 01:41:39 AM
So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month.

If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.

Sure, but at the same time you now have thousands of BTCs released in the wild.

I wouldn't be surprised if some of them were sold.
84  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 01:30:07 AM
So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?
85  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 01:26:13 AM
189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!

Those who made that deal could become salesman for heat pumps!  Cheesy
86  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 12:59:07 AM
SatoshiDice is being sold, in full, to a new company that will take over all ownership, operations, and management.  The total sale price is 126,315 BTC, or 0.00126315 BTC per share.

According to the MPEX Agreement, MPEX holders are entitled to receive 0.00126315 BTC per share, alongside other private owners. However, for the good of the MPEX holders and for the sake of the general Bitcoin community, which the site always has intended to support and nurture, SatoshiDice has arranged to pay MPEX holders an additional .00223685 BTC per share bringing the total to 0.0035 BTC per share.

I inferred 350k based on that, since there are apparently 100 million shares.

350k BTC seems to be an insanely huge number.  Huh
87  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 17, 2013, 05:27:22 PM
What's going on with volume? Seems like only about 30 BTC has changed hands in the last 30 minutes.

Calm before the storm.

88  Economy / Speculation / Re: SlipperySlope's Bubble Collapse Journal on: July 17, 2013, 02:46:44 AM
Looks cooked.

It is cooked.

The trendline was broken.
89  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 11:29:57 PM
I believe they call this stage 'denial'

A friendly reminder from a 2011 survivor.



I'll say again:

Weeeeee....

They never listen...  Tongue
90  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 11:15:28 PM
This is your daily bear FUD.

The FIRST leg down in 2011:




Which wasn't the last.  Wink

91  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 04:45:00 PM
Personally, I doubt MtGox is broke, but clearly they are having major problems probably with their banks, and they aren't forthright about things and keeping silent.

Who? Gox? Nooooo, I can't believe that!

 Roll Eyes
92  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 16, 2013, 02:15:03 AM
We dropped to 65 and then right back where we started at 100+.  Did ANY money leave Gox AT ALL?  Or was this all just long-term bull traders trying to outfox each other?

Did any of those coins left MtGox?
93  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 15, 2013, 09:26:44 AM
Last chance bag holders.  Grin

I'm going short.
94  Economy / Speculation / Re: How much percent of your capital is invested in bitcoins? (real estate incl.) on: July 14, 2013, 06:25:54 AM
School.

The great lie of an entire generation.
95  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 14, 2013, 04:37:20 AM
I'm here!
96  Economy / Speculation / Re: 2011 vs. 2013: The Definitive Comparison on: July 13, 2013, 09:08:36 PM
That would be quite sad.

How so? You can end up with more coins!  Wink
97  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 13, 2013, 04:29:52 AM
Those who bought >$100, are you still holding the bag?  Tongue
98  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 12, 2013, 08:56:38 PM
Edit 1231232: damnit, was looking at the wrong one.

Yes. That would be funny to watch.
99  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 12, 2013, 08:52:08 PM
I'm working on an algorithm (very advanced with lots of variables and math) to pull the worthy posts from all the #&%#"! you spew!  Grin

Good luck.  Grin
100  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 12, 2013, 08:47:56 PM
I appear to have measured the wave's length wrong, and the support breached, so I don't really know what will happen now.


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