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I'm going to go ahead and say it: LTC on Gox by April!!!!!!!!!
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Meanwile bitcoinbuilder has gone tits up, darnit...
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I agree, after reading it a couple times I think the leak is fake.. it just seems so far fetched. It's weird that several parts of it have been confirmed independently though, something just isn't adding up.
"A leak in out hot wallet" causing coins to be lost from their "cold wallet". If that truly happened, then they have the worse security practices ever...
Well a cold wallet isn't really a cold wallet if it can leak coins through a hot wallet anyway. The number itself is very far fetched indeed. A theft of this magnitude would not go unnoticed for very long, not to mention if it were real a single person or entity would effectively have the power to dump every exchange's order book to pretty much zero. I think the problems at Gox are still much more fiat liquidity issues coupled with technical problems Mark has no clue how to solve. Oh, and the entire "internal" document refers to Gox in the 3rd person as if commenting on the situation from the outside. |
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OMG PANIC !
Everyone's trying to figure out if this is good or bad first. |
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"At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years."
This simply can't be right unless a few insiders were stealing them. That document is FUD, guaranteed. I believe Mt.Gox are not solvent and will not survive on their own but that 744k BTC theft smells like BS like a lot of other stuff that doesn't make sense in that "leak". |
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is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges  It would have to.... If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work  It doesn't look real to me, the way it's written doesn't match with being an "internal" document. I'm not saying that perhaps they were planning something along these lines, but I can't see that being an actual internal document. At this point, people will take some BTC back in small steps over no BTC back. |
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... if gox has truly physically destroyed 744k coins then money supply has just been decreased by ~6% ... chew on that.
It would require such vast incompetence that it seems unlikely it's thàt bad. Of course it's always possible, but I can't imagine the (dwindling) size of the cold wallets was never checked. |
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Geez bitcoinbuilder prices now below 0.3
Someone seems to know something
We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy. Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc. I've bought quite a lot (for me) as a gamble. Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain. At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to. Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site? Be happy for me when it works It can all end in tears, too. You can certainly receive coins with any account, but I would be a bit hesitant considering the verification process can take a very very long time. If you're not in a hurry, it's worth a go, but my price threshold would be much lower if I was buying unverified. Below .2 maybe. |
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we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.
:jealousasfuck:
Good idea wasn't it. I need to start working on a jump to conclusions mat. Don't think he made 1200 BTC though. Volume is 29500 give or take but that's Goxcoins. If we take the day's average it's probably 1/4th to 1/3rd BTC each. 2% of that is 147~197 BTC in fees. Not a bad day's work, obviously. |
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Geez bitcoinbuilder prices now below 0.3
Someone seems to know something
We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy. Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc. I've bought quite a lot (for me) as a gamble. Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain. At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to. |
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Don't quite understand how DRK went on both Cryptsy and mintpal today and we didn't.
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Geez bitcoinbuilder prices now below 0.3
Someone seems to know something
We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy. |
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How about Karples just makes a clear statement already. Even if the worst thing possible... they lost/stole everyone's money.... couldn't be worse than leaving everyone in the dark to speculate on what is happening, and what they think the market will do because of what they think is happening and reacting to ghosts and shadows.... or twitter post deletions.... I guess this is just bitcoin though.
Without knowing the guy personally, what I've seen so far indicates he's got some issues admitting he was wrong/made a mistake or plain is out of his depth technically trying to solve something. Hence, I expect this to drag on for a while still. |
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are we going to have that same rebound at 630 on stamp or are we going lower  600 looks pretty far away now on stamp. |
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it was great arbitrage opportunity on Stamp vs Btc-e, unfortunately I was without BTC on btc-e. 25+ USD at one point.
How you arbitrage on these exchanges without cash withdrawals? Personally I always went one way during a crash or decline (where BTC-e tends to stay higher than Stamp) and back when things are going well (when Stamp runs ahead again) It's usually 25-30$ per BTC one way after fees. |
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Finally got my effing BTC to builder but it's gone way up. Looking at the volume I think that dude has flipped the entire 5000 we saw earlier. Hope he comes back with more lol
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That shit got bought up with 500 on real btc to spare sitting on the bid side.
More like 1000, it's split between .19 and .18 |
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I bet those real btc will come to stamp, red fireworks party soon guys Not for a while, the site owner processes withdrawals only once a day at 11 PM PST (if you withdraw before 8 PM) |
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Starting to feel that "we're being played" feeling.
Still want to buy everything I can but Stamp withdrawal is taking effing ages.
Dont forget email confirmation, done that a few times Nah, "waiting to be processed" for the past 45 mins or so. |
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Changed to 500 wall on BTCbuilder
Starting to feel that "we're being played" feeling. Still want to buy everything I can but Stamp withdrawal is taking effing ages. |
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