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hmmmstrange
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August 20, 2013, 04:26:44 AM |
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BUY BUY BUY!!!!!!!!!!! sry, somtimes i just cant hold it in.  Have you loaded up using cavirtex yet? Seems like the cheapest coins in the world there... cavirtex is a great deal $91.00cad or $87.70usd. Gox is $119. Weird that gox is 35.6% higher then cavirtex. That is one large spread. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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VolanicEruptor
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August 20, 2013, 04:53:24 AM |
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Don't ever compare anything to Gox. People buy bitcoin like crazy on there because they can't move their cash any other way. This makes it show a fake market price.
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gog1
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August 20, 2013, 04:55:32 AM |
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http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox." There are 14 million on the bid side, a seizure of 2.9 billion should not leave gox insolvent. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 20, 2013, 05:02:38 AM |
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hmmmstrange
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August 20, 2013, 05:23:37 AM |
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http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox." There are 14 million on the bid side, a seizure of 2.9 billion[million] should not leave gox insolvent. The 2.9 million was just in gox's dwolla account, there is no information on how much was seized in Mark's Wells Fargo account, number 7657841313. |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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August 20, 2013, 05:36:42 AM |
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Nearly 1.5k buy. Interesting last couple hours.
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JimboToronto
Legendary
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Activity: 4004
Merit: 4476
You're never too old to think young.
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August 20, 2013, 05:37:26 AM |
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A little bump up
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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August 20, 2013, 05:40:24 AM |
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3k buy!!!  |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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August 20, 2013, 05:45:17 AM |
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Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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August 20, 2013, 05:49:40 AM |
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http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox." Theivery! MtGox was one of the few exchanges going out of their way to be compliant with AML and KYC. I hope the money gets reunited with its rightful owners. |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4476
You're never too old to think young.
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August 20, 2013, 05:57:51 AM |
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MtGox was one of the few exchanges going out of their way to be compliant with AML and KYC.
That came after the Dwolla seizures, two days after they busted Liberty Reserve. Just enough time to talk to his lawyers.  |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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August 20, 2013, 05:58:24 AM |
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Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.
Where are you seeing that? I see 3000btc would get us down into 116 range. 111 would take 15000btc sold. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 20, 2013, 06:02:28 AM |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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August 20, 2013, 06:29:44 AM |
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Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.
Where are you seeing that? I see 3000btc would get us down into 116 range. 111 would take 15000btc sold. Fake buy wall is herding sheeple into buying at 123. It appears and dissapears, to dissuade a large dump into it. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 20, 2013, 07:02:37 AM |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4476
You're never too old to think young.
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August 20, 2013, 07:06:40 AM |
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Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.
Where are you seeing that? I see 3000btc would get us down into 116 range. 111 would take 15000btc sold. Fake buy wall is herding sheeple into buying at 123. It appears and dissapears, to dissuade a large dump into it. LOL To da capitulashun... $50... no, make that $30. Why can't they see that this whole triple-digit thing is just a giant bull trap? Sell, sell, sell... ______ ...or not. |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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August 20, 2013, 07:10:14 AM |
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Actually, it's a smart whale strategy: why dump when you can herd sheeple into buying your coins?
The big whale needs more $ to kickstart the next rally, which could rise to 130, given the bullishness of the market.
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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August 20, 2013, 07:23:13 AM |
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http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox." There are 14 million on the bid side, a seizure of 2.9 billion should not leave gox insolvent. Agreed. Plus, those are mostly their customer's funds, right? |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4476
You're never too old to think young.
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August 20, 2013, 07:43:08 AM |
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The big whale needs more $ to kickstart the next rally, which could rise to 130, given the bullishness of the market.
Next rally? This present one's almost sure to go far past 130, depending on the status of MtGox. It's been on a pretty steady upswing for over a month and shows no immediate signs of letting up. You seem to presume that the "big whale" is a short term speculator, buying to sell and selling to buy, but it might be either a hoarder or someone who has business plans requiring a sizable inventory of coins. There's no evidence that any of these coins acquired in whale buys have come back on the market. Sure someone's trying to push up the price while steadily acquiring coins. They're trying to protect their investment. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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August 20, 2013, 07:54:20 AM |
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For me, the previous rally in this bubble period was on the 14th August, our definition of terms seems different.
And I do expect another one in 4 - 5 days, rising to 130 or more. So don't confuse me with a stubborn bear.
I do believe however that we'll see most of the missing coins after the bullishness of the market gets exhausted.
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