It sure didn't. Even HSBC released better than expected figures in the middle of that storm. Maybe we are over rating their influence.

Ah well, onward and upward.

Be more like:



Seriously, but didnt they find 200,000 of them in another computer? (you know, the one that wedges the server room door open..)

Quite true. The only dumping he will be doing for the foreseeable future will be into a little metal bucket in the corner.

Interesting to note that the only charge the japs have been able to hold him on was in relation to his little bit of theater where he 'demonstrated' the liquidity of MtGox by transferring a million odd dollars into his account. It seems its illegal to falsely inflate your balance, but quite legal to make 300 million disappear. 

Either way, I reckon his arrest/trial will have precisely zero impacrt on the bitcoin price. The damage was done long ago.

Quick sumary:

Bears be bearish
Bulls be bullish
NLC made an appearance.
Inca posted dubious pictures of children.

And bitcoin? Well, bitcoin did fuck all except go down a bit and then start to come up.

Saved you at least an hour there....

+1.

Clinging to an idea that makes no logical sense to informed players is about par for the course.

I never trumpet anything of the sort - look at my post to the coffee guy - I guessed 'significantly lower', not collapse.  230 was tongue in cheek, but still hardly 'collapse'



Bitcoin is a commodity now?  Thats your number one mistake.  Bitcoin has no intrinsic value, other than the trust that people have in it as a token by which value is exchanged.  A lot like the dollar in that respect. I'm guessing you dont see the distinction in that.



people who labell posters "Trolls" because they have a different view to their orthodoxy are, in my book, haters. Maintaining lists and suchlike is almost an incitement to hatred. Its not healthy.

Informed players are bulls or bears based on the position they have already taken - and they take this position based on where they speculate the market will go.  

No intelligent person plays the market continuously as one or the other. Except people like you, and the other permabulltards who litter this thread, hating anyone who tries to take a more balanced view.

Yes, I have played my position, as I posted on Tuesday.  But I only buy and sell - I don't take short positions, and I certainly don't leverage. But I also spend far more time adopting my business model to include bitcoin as a method of exchange. If everyone spent more time trying to live more with bitcoin, we could develop it much further, instead of just standing on the sidelines hoping to be rich.

You really need to get some distance from this persecution complex you have. Nobody is manipulating buys or sells. They are simply informed players reacting to the market with reference to the factors acting upon it.

You see ( and pray) that the market will keep going up so that your little bag will make you rich. Everyone else sees it as an organic, complex market of shifts and swings charting the slow adoption of a new way of exchanging value.

Those who do not possess the capacity to think for themselves must rely on mantras. It dulls the pain of an existence they don't quite understand...  

Or trade professionally in the financial services market.

He is just hurt because once he was, like, a gazzillionaire. And he watched, sitting in front of his computer, 40oz in hand,  as it all disappeared because "HODL"...


If you sold on Tuesday at 295, you could now buy back at 280.  A nice 5%* windfall.

But thats retarded, right?  Assholes, right?


* Your mileage will vary

Oh please, spare us the bs. Your a bigger bag holder than Inca!!!  What did you buy at? 500? 600?   

Glad to hear that you came out the better party in this.

I cant begin to imagine the stress you were put under, but I get the impression that you have sufficient strength of character to weather it, and prevail.

It is deeply disturbing to realise that we live in societies where our governments feel the need (indeed the right) to intimidate citizens in order to ensure their compliance.

Compliance with laws that favour a small, wealthy and powerful elite.

God love the hopium trolls. "I dont care how much it is!! I wanna buy it, because 2.1 million coins!  Because anonymous!!  Because I've got beans n' ammo in my basement!!

 

Boats no good unless you have an island too. 

Or it could just be....  people selling bitcoin?
Maybe after seeing some gains lately and want to crystalise them?
Or maybe they spotted a good opportunity on another market and want to jump on it?

Nah, I'm just f**kin with ya - you are right  . Conspiracy theory is sooooooo much more fun and relevent.

Visa/Paypal what now?    I thought we were trying to drive these money grabbing corporates into the sea?   

confirmation times are only an issue for small 'instant' payments. Its not insurmountable, but something that will come with maturity.

I only believe you, inca..       

  |
 V

Well, on balance, you are right - 'appreciably lower' would have been a better term than '230'. But '230' gets a better reaction!!

Its just a hunch - I think a lot of the recent gains have come from Asian money hedging their stock market woes. I think when the dust settles on Thursday, there will be a lot of bargain hunting on the Beijing market, pulling money out of the bitcoin markets.

More profitable to sell at 290 and buy them back at the lower price. If you are a hoddler, then you may not get that.