Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[kurious]

One thought - if Gox is being taken over, then there is a lot for any incoming team to do.

There may be an announcement soon, but Gox will is unlikely to open up anywhere near soon.

It will need a total audit, endless meetings and staffing briefings, then probably new software that needs to be tested etc.

So - even if takeover happens, we won't see Gox back soon - or Gox coins flooding other exchanges in a hurry.

I doubt 'April 1st' is a likely date, not just for comedy reasons, either - an announcement by then, sure - maybe.

Gox rising phoenix-like from the ashes - nope.

[1714949852]

1714949852

[1714949852]

1714949852

[podyx]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

early adopters of bitcoin will be majorly hated

dont expect anything else

[magicmexican]

[Dragonkiller]

Whoever has possibly acquired Gox is not SecondMarket:

As for the end of MtGox, Silbert said the end of MtGox may prove a boon in the longrun to Bitcoin.

"The sooner that MtGox goes away, the better."

More details about what SecondMarket is doing:

Using London's Intercontinental Exchange commodities market as a model, SecondMarket CEO Barry Silbert said he envisions as a hub and spoke arrangement, with his firm serving as a "meta-exchange" through which certified member exchanges and market-makers could trade with one another.

The organization would serve three roles: price discovery, central clearing, and, most ambitiously, as a self-regulatory organization, like FINRA. SecondMarket would front $20 million in cash and Bitcoin assets.

"We have half a dozen conversations ongoing with global banks, a high level of interest and early support from global banks to be part of this," he told BI by phone Tuesday. "We've spent a fair amount of time with regulators, they're very aware of what we're doing."

SecondMarket is also hoping to expand its offering of products for investing in digital currencies.

http://www.businessinsider.com/new-secondmarket-exchange-2014-2

[Todorius]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

early adopters of bitcoin will be majorly hated

dont expect anything else

Guys, it's just the usual cycle of breakthrough technologies.
First they ignore you, then they laugh at you, then they fight you, then you win.
Totally normal process. We're at stage 2-3, somewhere in between.

[JorgeStolfi]

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Whoa, sorry, the hood fit again, Mr. Bitcoinraimpion?

Seriously, relax, I was not referring to you specifically.  In fact I have no idea of who you are and what you promise to your clients, if you have any. 

[versace]

gox me once, shame on you

gox me twice, shame on me

but gox me three times, ??

i honestly wonder how many people are still willing to trust anything associated with gox branding after this

[Richy_T]

4.) At this point, http://gox.com is still a parked domain, and not long after starts to redirect to http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document)

Shame they couldn't have gone with Gox.edu

[kurious]

Whoever has possibly acquired Gox is not SecondMarket:

As for the end of MtGox, Silbert said the end of MtGox may prove a boon in the longrun to Bitcoin.

"The sooner that MtGox goes away, the better."

More details about what SecondMarket is doing:

Using London's Intercontinental Exchange commodities market as a model, SecondMarket CEO Barry Silbert said he envisions as a hub and spoke arrangement, with his firm serving as a "meta-exchange" through which certified member exchanges and market-makers could trade with one another.

The organization would serve three roles: price discovery, central clearing, and, most ambitiously, as a self-regulatory organization, like FINRA. SecondMarket would front $20 million in cash and Bitcoin assets.

"We have half a dozen conversations ongoing with global banks, a high level of interest and early support from global banks to be part of this," he told BI by phone Tuesday. "We've spent a fair amount of time with regulators, they're very aware of what we're doing."

SecondMarket is also hoping to expand its offering of products for investing in digital currencies.

http://www.businessinsider.com/new-secondmarket-exchange-2014-2

A kind of Bitcoin central bank then? 

[Notanon]

https://blockchain.info/address/18f1yugoAJuXcHAbsuRVLQC9TezJ6iVRLp

The link for those playing at home.

[I_bitcoin]

Is anyone watching the facebook account of gox.com?  https://www.facebook.com/goxbitcoin

Look at what magicmexican just posted.   Juicy facebook info in there!

[Hypnoise]

and finally good news: Warning: Stocks Will Collapse by 50% in 2014

http://www.moneynews.com/MKTNewsIntl/Stock-market-recession-alert/2014/02/10/id/551985?promo_code=166D4-1&utm_source=taboola&utm_medium=referral

[I_bitcoin]

Is anyone watching the facebook account of gox.com?  https://www.facebook.com/goxbitcoin

Look at what magicmexican just posted.   Juicy facebook info in there!

Now wondering if this is yet another scam 

[Dragonkiller]

Is anyone watching the facebook account of gox.com?  https://www.facebook.com/goxbitcoin

Look at what magicmexican just posted.   Juicy facebook info in there!

Now wondering if this is yet another scam 

is it real? looks suspiciously positive 

[JayJuanGee]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

What's the starting point for that 10,000% return?  What was the return between October 2011 and April 2013?  How about 2014?  Are we still going up?

[Davyd05]

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Whoa, sorry, the hood fit again, Mr. Bitcoinraimpion?

Seriously, relax, I was not referring to you specifically.  In fact I have no idea of who you are and what you promise to your clients, if you have any.  

He was addressing your fail attempt at linking bitcoin to some person who would offer financial service with promised returns far above anything attainable

He then points out when did Bitcoin tell people if you invest in me I'll go up by 10,000$ over 3 years.

Clearly you don't know when your comments look like 100% troll.. and in my opinion they we're and stand by Rampion's comment.

You're starting to look like a jack ass

[Loozik]

Any news on when (if at all) trading will resume?

Any news on when one can expect a statement from MtGox or Mark Karpales

[richmke]

https://blockchain.info/address/18f1yugoAJuXcHAbsuRVLQC9TezJ6iVRLp

The link for those playing at home.

So that shows (assuming it is theirs) they have 41,000 BTC.

According to here, they may be missing 750,000 BTC
http://mattvukas.com/2014/02/24/breaking-mt-gox-dead-long-live-mt-gox/

"The sooner that MtGox goes away, the better."

Is MtGox the Japanese version of Chinese Water Torture?

[bull1692]

https://i.imgur.com/YYnRLi2.png

Any company that uses a  is not legit.

[MANofthePEOPLE]

Damn, I knew I should have sold at 525 before I went to bed 
Are we expecting big movements today or just slow up/down trend?