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Bitcoin / Bitcoin Discussion / Re: Where is the $ from MtGox ? doest not exist
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on: December 23, 2014, 05:30:28 PM
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Run on 1200$ activity was only chinese activity. Consider that in these day there were an high volume on the market. But at the same time I consider that Mark Karpeles with its activity has contributed so much at the raising of price !
no, it was mainly mtgox, i saw all the live trades and gox always broke big walls first, then chinese exchange followed with higher volume (like now okcoin, but now okcoin controls the market). Also, there were 2-3 small crashes during the rally, and then mtgox stopped the engine to prevent that crash  . And the chinese exchanges were not able go lower than the price where gox stopped trading. |
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Bitcoin / Bitcoin Discussion / Where is the $ from MtGox ? doest not exist
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on: December 23, 2014, 03:21:46 PM
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Often i read the question: where is the missing $$$ from mtgox? The missing bitcoins are gone due to the btc bug (they say), but where are the dollars ? Answere: they didnt exist. I just want to remind you: https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/Mark Karepeles created the dollars himself and entered them into his database. But these dollars never existed in the mtgox bank account. Total BTC bought: 268132.73433409 Total USD spent: $111,770,744.48"So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this may be why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they may not have been main reason. But more on that later." dont forget this |
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259
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Economy / Speculation / Re: Why would Satoshi not be dumping?
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on: November 21, 2014, 02:05:11 PM
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mr nakamoto
-could have been already wealthy enough before inventing bitcoin
-could be more more than one person, which broke up/having a fight
-could have lost access to priv keys
-could have destroyed priv keys
-could be a secret service project that not even the secret service knows about and already cancelled/finished/aborted
-could be dead
-could have had an accident/sick/stroke/amnesia
-could be in jail
-could have decided to live as a hermit in the taiga
-knows what panic it could cause if he starts to move the oldest coins
-and so on....
since he created bitcoin to replace the fiat banking system, why would he dump his precious coins when fiat is weakest and his coins are strongest ? he might not be thinking in terms of fiat accumulation, but in terms of revolution. revolutionaires tend to be less corrupt then average.
all of that could be true. but for 80% (my opinion) nothing of this is true and he is a normal (unknown) person, who still has access to his coins. |
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Economy / Speculation / Why would Satoshi not be dumping?
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on: November 21, 2014, 07:26:41 AM
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Satoshi is no god or some higher tier. He is also a human and maybe when he gets older he wants to buy a nice isle with a house.
So, why should he or any other early adopters would not "dump" his coins?
All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.
Meanwhile i think this perma dumping is done by someone like satoshi who was an early adopter and has "unlimited" amount of coins...
In the end, bitcoin gets stronger out of it because the coins are shared between more users, but the value will go down.
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