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1121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 08:41:56 PM
I bought pi goxcoins for 1/pi bitcoins each, just for fun.

I yearn for a complex wallet.


I bit and bought 6 Goxcoins for 1.5BTC. Let's hope that Tux really has some magical properties.
1122  Economy / Speculation / Re: Can Gox buy their way out of this mess? on: February 24, 2014, 06:55:49 PM
I'm not trying to get off-topic. To me, this is simply one more sign that they are unable to buy themselves out of this mess........It seems highly unlikely that they are this bad at PR. Who could be THIS bad at EVERY step along the way.

Bitcoin sets that bar exceedingly low Cheesy
1123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 06:51:50 PM
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?

You wait for next swing, it happens few times per month easily. One could make a nice salary just doing that with 100 BTC waiting Stamp and BTC-e to change the lead in price.

Lol your posts always read like the ads "how to make $xxx per month in the Forex markets using this one weird trick..." If only!

Hardly a weird trick, it happens all the time. Bitstamp was 10-15$ above BTC-e for 2 weeks or so until that whale had put a wall yesterday, at one point today it was 25$ below. That's 40$ of profit per 1 BTC and all in downtrend where those 40$ can make more coins than 2 weeks ago.

And things like this happen 1-2 times per month usually.

Just that you make it sound easy. It certainly is not. I do appreciate your advice though, not everyone would be willing to share it.
1124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 06:47:19 PM
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?

You wait for next swing, it happens few times per month easily. One could make a nice salary just doing that with 100 BTC waiting Stamp and BTC-e to change the lead in price.

Lol your posts always read like the ads "how to make $xxx per month in the Forex markets using this one weird trick..." If only!
1125  Economy / Speculation / Re: Can Gox buy their way out of this mess? on: February 24, 2014, 06:44:09 PM
It's interesting that for the first time yesterday, Jon Matonis read the ongoing forum debate regarding the resignation petition (below, according to him) and within 24 hours Karpeles resigns. Jon Matonis released the resignation statement this morning.

https://bitcoinfoundation.org/forum/index.php?/topic/740-petition-to-remove-mark-karpeles-from-the-bitcoin-foundation-board/page__st__20

I think we can safely assume that Jon called Mark. We can only speculate as to how that call transpired, but one would have to believe that solvency was an important focus of the conversation. It seems like a very fast resolution (less than 24 hours), which makes one wonder

  • Did Karpeles throw his hands up and say 'to hell with it, I'm sick of dealing with the public' then resigned or
  • Did he reveal that things were so dire at Mt. Gox that Matonis basically told him that he must resign immediately?
  • Or did Mark resign for the sake of the Foundation, as he knows that the tarnish will be impossible to remove regardless of the outcome

One would think that if things were going to improve (vis–à–vis buying their way out, etc.) at Mt. Gox, Karpeles would have at least thought about the resignation for a day or two before resigning.....

Perhaps Mark sees it as a way to distance himself from the Foundation and attract a segment of the "anti-centralized Foundation" market at the same time.
1126  Bitcoin / Bitcoin Discussion / Re: The success of bitcoin in perspective on: February 24, 2014, 06:04:18 PM
I think it is pretty funny that the popular thing to do now is for minor economists to write one paper after another explaining how Bitcoin will never work and will go away a failure.

I remember back in the old days noone even heard of it unless you were a complete geek. It was like trying to explain servlet frameworks to a non-programmer. Now we have Reuters and the Wall Street Journal publishing articles every week. As far as I am concerned just getting a single article published ever in the WSJ would be total victory, yet we have them coming out constantly. It's hilarious all these articles predict the doom of Bitcoin. Well, hello, wake up, we have already won.

Titles like "Bitcoin plunges below $100" make me laugh. I remember when Bitcoin first spiked to $30 and the first news articles appeared, all announcing what an absurd "bubble" it was and equating $30 to a bitcoin was just a crazy fad. Now, it "plunges" below $100, more proof that the crazy fad is over. I wonder if they will still be writing these articles when it "plunges" below $20,000?

Keep writing those articles. I need my chuckles.


Keynesians will be Keynesians. On a larger scale, when one goes to college you generally learn whatever is mainstream and practiced by the establishment in your chosen field. Naturally anything going against the grain will be met with opposition and even hostility. Unfortunately graduation is when many people stop learning. They're experts, equipped with the hubris that accompanies a degree... surely there is nothing more to learn... especially when their job at an establishment publication depends on it.

There are many who think they've missed the boat, proven by how low some are willing to stoop to grab cheap coins and increase their position at the expense of others. Just look at the amount of FUD over the Gox debacle and the effects. These are the same day traders who are content to lose money day in and day out, yet are quick to sell the second Gox proves incompetence. Where was that itchy trigger finger last year when Gox twice crashed the market, then repaired its trading engine? What have we learned about investing? What do we really understand about Bitcoin in the long term? Not much apparently.

Protip: If Gox comes through this, it will have been the best accumulation opportunity in Bitcoin that I've seen thus far. And a good thing too, as the coins will be distributed from the weak hands once again, making the market more resilient in the future. God knows we're gonna need it.
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 07:06:56 AM
The most interesting notion that Gox may be being purchased by outsiders makes a TON of sense!!

Imagine you're Mark-- totally sick of running your company, dudes are getting in your way while you're carrying your scrumptious coffee-beverage to work (idiots), and no one really understands your pure awesomeness... you have maybe 10,000 BTC (idk!?!?) and someone offers you millions!! to walk away from gox == yummy coffee-beverages without idiots.

What would you do?

Win-Win-Win

It actually adds up nicely.

The biggest problem is it makes a ton of sense -- since when does Bitcoin operate under such parameters? Wink

Too... much... sense... does... not compute...

Simple explanations go against the goal of a quarter of the members here, which is to talk up their books and make money at the expense of others. Sock puppet accounts, multiple personalities, bad manners, liberal profanity and a tenuous grasp of English are all optional but encouraged. Acting lessons are recommended to create convincing personas. If you don't see pages full of ignored posts you're not doing it right.
1128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 06:56:18 AM
Anyone who trusts the words of "Charlie" is dumb. 

Anyone who trusts anything posted here by anybody, especially new members with a tenuous grasp of English, is dumb. Besides he confirmed it on his official twitter feed.

How does the same person confirming what they said previously make the initial claim more valid?

Shrem linked to his official Twitter account confirming that he was who he claimed to be on Reddit. Unless someone hacked his Twitter that's good enough for me.
1129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 06:33:58 AM
Anyone who trusts the words of "Charlie" is dumb.  

Anyone who trusts anything posted here by anybody, especially new members with a tenuous grasp of English, is dumb. Besides he confirmed it on his official twitter feed.
1130  Economy / Service Discussion / Re: Gox twitter account just deleted all of their tweets on: February 24, 2014, 06:15:32 AM
Twitter still has their tweets and would happily hand them over in a court of law. Deleting something doesn't make it disappear.
1131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 05:44:42 AM
Quote
Speaking very lengthy to Mark

I'd take Charlie more seriously, if he didn't speak Doge Wink

Grammar is overrated, apparently. I bought my first bitcoins from his company last year.
1132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 05:32:43 AM
Charlie Shrem (founder of BitInstant) chimes in on Mark's resignation:

http://www.reddit.com/r/Bitcoin/comments/1yre42/mt_gox_ceo_resigns_from_bitcoin_foundation/cfn38sq

Quote
This is actually good news. I applaud Mark and the MtGox team for making the right decision as I had to do the same. Speaking very lengthy to Mark and the team over the weekend, I see good news on the horizon for people who have funds stuck in MtGox (I also have funds in MtGox stuck) - Charlie
Edit: Verification: https://twitter.com/CharlieShrem/status/437796742235308032
1133  Economy / Speculation / Re: maybe the price will go down like this on: February 21, 2014, 07:29:47 AM








Can't get much closer to that graph then now.

Market movements are like fractals. You can zoom in or out on any timescale and there will be a similar pattern.
1134  Economy / Speculation / Re: Who is selling BTC for $100 on Gox and why? on: February 21, 2014, 04:47:57 AM
Haha this is absolutely WILD. I can guarantee you that absolutely nobody in the entire world correctly predicted this situation a couple months ago - $550 on Stamp and $100 on Gox. In a general sense they may have but come on this is novel and exciting. Bitcoin has this great way of fucking with what everybody expects it to do in a really cruel and bizarre way

And I love it!  Grin Grin Grin can't wait to see what happens next (and please, don't any of you fuckers say "be careful what you wish for" :-P )

I was just thinking this earlier. Truth is indeed stranger than fiction Cool
1135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: February 21, 2014, 04:24:18 AM
Dano-

What about a "Save the Kitteh Foundation"...another member suggested that. I think it would be a cool idea. I know that we wanted to contribute to a charity...

This is a great idea. Partnering with no-kill shelters would be ideal. It's on my marketing idea list. No kill shelters are important as they never put an animal down if possible, and work within the community to find "forever homes" for all of their animals, including the elderly and disabled. PAWS Chicago is a great example of one in the Midwest US.

We could maintain a list of no-kill shelters and hold online events to raise awareness of these great non-profits. Heck, it doesn't even need to be limited to Kittehcoin, although a secondary goal could be to promote MEOW. I'll have to talk to my marketing-guru wife about the details, but it will be amazing to get something like this off the ground.
1136  Other / Off-topic / Re: Mr. Gox Captured by Albanian 'Grey Ops' & handed over to the Illumin....... on: February 21, 2014, 03:14:58 AM
Post of the week.
1137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 11:24:00 PM
Has anyone try to buy BTC from coinbase and waited the 4 days?
Coinbase is very reputable. You should be able to trust them.

No issues here. I've bought with them on a number of occasions without a hitch.
1138  Economy / Speculation / Re: double digits in less than one hour at Gox on: February 20, 2014, 10:26:27 PM
If they were really making a serious effort to fix things...it probably would have been better to just halt trading altogether until they had a concrete solution.  Am I wrong?

Yeah I don't quite understand this. However it's immediately obvious, even to dense journalists, that Mt Pox is irrelevant at this point. Chart sites should take down their Gox tickers in protest. It's getting ridiculous.
1139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 10:24:10 PM
So I log in to see the price on Mt Pox come up first. Just about gave me a heart attack.
1140  Bitcoin / Bitcoin Discussion / Re: Fresh public perception on: February 20, 2014, 10:22:24 PM
Read through the thread a bit, it's getting people interested and fence-sitters who've heard about it are finally taking the leap... very cool!
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