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What is up with the Coinalab - MtGox deal?
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http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-gold-deliveries-to-customersOnly one paragraph on bitcoins - but I think it is symptomatic that now bitcoin is inserted in all kinds of articles - the exposure is enormous: Interestingly for Europe however, since the Eurozone crisis spread from Greece to Spain, Italy, and Cyprus, the fastest growing currency being purchased by retail investors is Bitcoin. Bitcoin is a digital currency that is out of the control of sovereign central banks, and to this point, has not been manipulated by inflationary monetary policy.
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This week is going to be batshit insane, practically no walls, massive media attention  Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day? It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny yellow streak of bids. |
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Gox is an absolute disgrace when you think about the amount of money they must be making, are they all too busy swimming in a pool full of money or what?
While I wholeheartedly agree with you, yesterday was a DDOS, so it's not impossible that today is as well. What was the goal of that DDOS? Was it an extortion? |
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What would be that alternative count - in case that it is a zig-zag?
I don't know how count something else so far. Will review when situation will be on table. Currently we are missing at least one more leg up. Yeah - that's what everyone is counting on. I'd like to know if when the count is invalidated then we'll still have that one more leg up. |
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What would be that alternative count - in case that it is a zig-zag?
something like this ... I was rather asking about the previous waves count - i.e. the latest count from lucif was that we are now in the 4th wave, but when it drops below 75 - then this count will be invalidated. If this is not the 4th wave - then which one it is? |
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What would be that alternative count - in case that it is a zig-zag?
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That bitcoin ATM in Cyprus will yet be this rally undoing. It is such a catching meme now - but it will grow old quickly and I am pretty sure that there will be no bitcoin ATM in Cyprus in this year. Add to that this photoshopped picture. |
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Shameless plug of my blog  I expect many people are looking at bitcoins parabolic rise of the last few months and wondering how it will all pan out. How high will it peak? Will it fall after it peaks? Is it a bubble about to burst? Will it just begin to flatten out? I recently spent some time looking at other historical bull runs, mainly in precious metals from 1980, to try and see what might be coming ... Read more http://afbitcoins.wordpress.com/2013/03/26/bull-market-tops/Ignore the haters. It's a nice post and I agree with your conclusion. Sold at $88. Will buy again in exactly 6 months. Quote me on this bitch, I am so on the money. But it did not crash ( https://bitcointalk.org/index.php?topic=159053.0). |
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Here we go, lol  I think it'll break that green channel today. |
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Looks like this thread could be closed now.
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I wonder if all that silliness is a bullish or bear sign? What do you think?
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 The search, which usually just peters along breaking records by a few % each day, just broke the record by 30%. Watch the fuck out next week. The problem is that this means money on exchanges no earlier then a week from now - and in the mean time a bear market can set up. In exactly the same way the bear market in 2011 started - the searches also skyrocketed then. That said - I am buying back this weekend. |
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MTGOX is Bitcoin's central bank. when someone dumps of coins through MTGOX. MTGOX sells them at an inflated price because they know they have a monopoly on the entire exchange system. They are making money both on exchange fees and by controlling what the masses think Bitcoin is actually worth. Mark my words.
The problem with your paranoid supposition is the fact that MtGox is not actually buying or selling anything. They just act as a platform for other people to trade bitcoins, and take a slice of each trade as a fee. Are you sure about that? I remember something else - at least back in 2011 they admitted to trade on their own exchange. |
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I smell Bruce Wagner style in all of that.
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Isn't it funny how passing 70 resembles passing 7?
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Where are the chartists? Looks like we are at a critical point, move either way and boooom.
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Looks like it was treated as green light for companies to deal with bitcoins - that or it was the Cyprus thing.
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http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.htmlLooks like that will be the most relevant news for all the US based bitcoin companies. Including coinalabs and the MtGox deal. Has any one cracked what it will really mean? Will it crash all bitcoin companies under the burden of bureaucracy - or is it a 'green light' for institutional investing in bitcoin?
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