Yet another analyst :)

[siulynot]

The fight to close above o below weekly bb is ON!

EDIT: Bulls lost miserably.

[lucif]

Did anyone see weekly candle?  

[lucif]

Unbelievable!

https://mtgox.com/press_release_20130412.html

They do believe that price will rise! They are intermediary. They should stay away from speculation and provide good services for speculators. Indeed we see they are interested party.

All going by way I expect: Mtgox stays behind this bubble inflation and real bitcoin economy collapse due volatility.

Mtgox stays behind centralizing of Bitcoin economy and preparation of it for deadly punch from interested parties.

I don't related to ddos of their services, but now I understand why. kill Mtgox with fire please.

[lucif]

Bears, prepare hard development from secondary markets. Looks like fat Tux is a fat traitor and not interested in low price. He collected too much coins. His business must die financially.

Walk with his forced bubble wave, collect fiat. Then send price to hell, collect bitcoins. Bitcoin need gox to be busted.

[lucif]

But this is lyrics. I see gox banning accounts, people abusing they stole their money. Trust is going away from gox.

I see $40 soon.

[Arzack]

This bubble started with lots of people needing bitcoins to buy asics, and then slowly became more and more public afaik.

[lucif]

This bubble started with lots of people needing bitcoins to buy asics, and then slowly became more and more public afaik.

Bah... This bubble started when Bitpay started refunds of BFL. They did buy coinz to make refunds of bitcoin transactions.

Btw, if mtgox ensures people that it's okay and price gonna up - this is really bad. It looks like they used the last backup force (exchange must NOT do such claims).

Since they said that shit - they officially became Ponzi organizers. As the primary sign of Ponzi is promising "obvious high profits".

[arepo]

I see gox banning accounts ...

citation?

also, it's just beginning. breakout of a smaller bearish wedge ...



... on the micro-term, and the larger bearish pennant forming the bulltrap. these two patterns coincide. first, through the $90 floor of the smaller triangle, then picking up speed through the $55 floor of the pennant.

checkmate, bulls.

[lucif]

Ponzi. Now official.
https://bitcointalk.org/index.php?topic=176284

[ElectricMucus]

Ponzi. Now official.
https://bitcointalk.org/index.php?topic=176284

I don't get it.

I mean I agree it's fraudulent market manipulation, but that shouldn't mean its a ponzi.
That would require something like themselves buying BTC with fake orders or something. That could actually be happening but I can't see any evidence for it.

[lucif]

Ponzi is when someone attract people buying something with "we are confident that it will rise". Huh?

1. Attraction: huge mass media campaign.
2. Promises: this press release.
3. Getting money: yes, they accept money

Bitcoin missed only one sign of financial pyramid: promises of high returns. And here is it! Congrats gox, well done.

[ElectricMucus]

Ponzi is when someone attract people buying something with "we are confident that it will rise". Huh?

Well you could say mtgox made bitcoin into a ponzi like scheme, yes. It's a bit more complicated than that but whatever hold true, bitcoin wouldn't be that expensive right now if it weren't for gox.

[lucif]

And now they are in the way to US, where pyramids are burned with fire.

[samson]

And now they are in the way to US, where pyramids are burned with fire.

MtGox may come and go but Bitcoin will be around for longer.

[And1]

How many hours last in our crazy-volatile market short and long patterns (flags/penants vs triangles/wedges)?

[lucif]

And now they are in the way to US, where pyramids are burned with fire.

MtGox may come and go but Bitcoin will be around for longer.

I officially stand for getting rid off such idiots like gox. And Bitpay ) They kinda drive bitcoin, but in real they harm bitcoin.

[BrightAnarchist]

The S&P is next on the list, guys, and also junk bonds

Bitcoin is only the first iceberg

[ElectricMucus]

And now they are in the way to US, where pyramids are burned with fire.

MtGox may come and go but Bitcoin will be around for longer.

I officially stand for getting rid off such idiots like gox. And Bitpay ) They kinda drive bitcoin, but in real they harm bitcoin.

Why is BitPay a harm to bitcoin? From what I have seen, they have been one of the greatest promoters for the currency. They provide a great service and attend many functions/festivals/conferences promoting bitcoin and their business.

They engage in market manipulation to increase volatility, make using bitcoin as intended (accepting it directly) unattractive to push their business model.
They publicly admitted to play the market with their clients coins (ie bragged "short squeezing" pirate) resulting even bubblier behaviour than usual which again drives more bitcoin users into their hands.

[lucif]

And now they are in the way to US, where pyramids are burned with fire.

MtGox may come and go but Bitcoin will be around for longer.

Yes, they will die. Probably at top of 5 super-wave, which probably will have correction to <$1.

This all centralized shit must burn. But Bitcoin should survive in its decentralized nature.

I am a fan of pure, decentralized anarcho economy. And what is going on around is just shit. I will lovely scalp fiat from  those who believe that Bitcoin is legal and doing well with centralized services having >50% of overall turnover.

Satoshi made anti bank innovation, Without any middleman required. And what do we have? Instawallet, Bitpay, mtgox.... What a fuck ?

[zby]

Have you guys looked into Ripple?  From what I remember when I looked there a few years ago it is supposed to be something like a network of exchanges - each user runs his own exchange with his own exchange rates and the system runs a matching algorithm. All distributed.  A few years ago it was all too complicated and too far away in the techno utopia  - but now when bitcoin made these inroads into the main stream I think about having a second look into it.