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

[spooderman]

Happy new year all. I hope 2015 is as good to BTC at 2014 was. Bitcoin's network feels about 2 years away from its tentacles in everything. I just hope it can slide up the orders of magnitude as gracefully as possible.

[gizmoh]

http://www.thedailybeast.com/articles/2014/12/31/japanese-bitcoin-heist-an-inside-job-not-hackers-alone.html

The police suspect that the other unaccounted for 643,000 bitcoins, were removed from customer accounts via an unknown party. The police may be making arrests within the next few weeks.

[ChartBuddy]

Explanation

[podyx]

[ChartBuddy]

Explanation

[cbeast]

That qualifies him for political office.

[Searing]

That qualifies him for political office.

I THINK? he still has his personal bitcoin right? so likely he is living a far better lifestyle then myself

now this could change with charges etc but from what I gather he is kinda off the hook on the 'stupid' defense as of now?

(not been keeping up any update appreciated)

[ChartBuddy]

Explanation

[coa032]

Happy new year to all bulls, bears and trolls. And a prosperous new year to everyone, in your health, wealth, and relationships!

[jertsy]

That qualifies him for political office.

I THINK? he still has his personal bitcoin right? so likely he is living a far better lifestyle then myself

now this could change with charges etc but from what I gather he is kinda off the hook on the 'stupid' defense as of now?

(not been keeping up any update appreciated)

It's strange how he lost everyone's bitcoins except his own.

[ChartBuddy]

Explanation

[Wekkel]

That qualifies him for political office.

Some folks lost Bitcoins. Mistakes were made.

[caga]

Has MtGox coins been sold off, or is it still in his possession in the same address?
THat 480 million would be a lot less now.

[Feri22]

Happy New Year

[galdur]

That qualifies him for political office.

Some folks lost Bitcoins. Mistakes were made.

This scumbag six feet under would be VERY bullish for BTC and would

greatly improve general BTC marketplace behavior.

[LFC_Bitcoin]

I wasn't affected by Mt Gox but I can't believe that scumbag has been allowed to get away with it.
We're all different here, bears, bulls, HODLERS but all of us share a hatred for that cunt I'm guessing.
Utter lowlife.

[Wandererfromthenorth]

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system

Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc.  An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.

PS: I agree by the way.

... and what are you doing to make the world a better place? Trying to fix all these glaring flaws you brilliantly found in bitcoin? Proposing and building an alternative monetary system?

No, wait, you are spending endless hours posting negative diatribe and vitriol on a out-of-the-way backwater thread for penny traders of digital currency you hate the entire concept of ...  must be some kind of personal hell or penance you have committed yourself to for past sins, atonement, masochism, mental health issues?

What I am going to do? Definitely not tell people to invest for the long haul like if it's some sure thing considering the problems and concerns about it  
I invite trading instead of blind investing because that way you can protect yourself from disasters like getting screwed as a hodler during a falling price like the perma-bulls have experienced all year long  

I don't hate the concept of cryptocurrencies/decentralised networks.

[LFC_Bitcoin]

One year is a very short amount of time Wanderer.
Patience my friend patience.

[JorgeStolfi]

It's strange how he lost everyone's bitcoins except his own.

IIRC he owned four companies: the holding company Tibanne, MtGOX, a bitcoin Café (never opened) and a 3D graphics company (dead apparently).  MtGOX lent significant sums of money to these companies and perhaps to Mark personally.  MtGOX also had no employees, they hired services from Tibanne who hired the employees.   legally, only MtGOX went bankrupt.  After the bankruptcy, Tibanne requested payment for the pending bills of services rendered to MtGOX, and the request was granted.  On the other hand, the bankruptcy trustee is trying to recover those loans, but Mark is resisting.   All this is in the trustee reports available at www.mtgox.com.

EDIT: Tibanne also had a trading account at MtGOX with a fat balance.  I wonder if Mark and other MtGOX managers and staff had accounts there.  (Ethics? Is that a coffee brand? Never heard of it.)

[ChartBuddy]

Explanation