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

[LOBSTER]

Thought New Years 400$ high

[LFC_Bitcoin]

Thought New Years 400$ high

Relax people are still in holiday mode.
We may start a new bull run in a week or two.

[jertsy]

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.)

Thanks for posting this information.

[Wandererfromthenorth]

In the end the best explanation to what happened at MtGox is the Peter R's one IMHO:

https://bitcointalk.org/index.php?topic=497289.0

[LOBSTER]

Thought New Years 400$ high

Relax people are still in holiday mode.
We may start a new bull run in a week or two.

Would be great. Currently it's a sideway movement with a tendency to a bear market.

[ChartBuddy]

Explanation

[podyx]

In the end the best explanation to what happened at MtGox is the Peter R's one IMHO:

https://bitcointalk.org/index.php?topic=497289.0

If the Willy bot report is true, somebody would have made another such bot a long time ago. Afterall, it makes everybody invested in bitcoin wealthy out of thin air, why wouldn't such a thing be interesting in one's mind?

[coa032]

In the end the best explanation to what happened at MtGox is the Peter R's one IMHO:

https://bitcointalk.org/index.php?topic=497289.0

This looks bearish, if it's true...

[rebuilder]

In the end the best explanation to what happened at MtGox is the Peter R's one IMHO:

https://bitcointalk.org/index.php?topic=497289.0

If the Willy bot report is true, somebody would have made another such bot a long time ago. Afterall, it makes everybody invested in bitcoin wealthy out of thin air, why wouldn't such a thing be interesting in one's mind?

You'd have to sacrifice a large exchange and expose yourself to criminal liability, though.

[Tzupy]

In the end the best explanation to what happened at MtGox is the Peter R's one IMHO:

https://bitcointalk.org/index.php?topic=497289.0

I doubt that. After reading the "Willy report" I came to a different conclusion: that a MtGox staff, possibly Karpeles himself,
pumped up the price with fake fiat, breaking through critical resistance levels and truncating corrections.
The purpose was to "build" a 2x - 4x higher price of a normal bull market, that would attract new and true speculator fiat.
If Karpeles wanted to recover stolen coins from 2011, his trading would have resulted in artificially suppressed prices.

[podyx]

The cirklejerk about willy bot is real...

[Son0fLamb]

Thought New Years 400$ high

Relax people are still in holiday mode.
We may start a new bull run in a week or two.

The party never ends...
https://i.imgur.com/DXtlxk1.gif

[LOBSTER]

Thought New Years 400$ high

Relax people are still in holiday mode.
We may start a new bull run in a week or two.

The party never ends...

It had only just begun

[Mickeyb]

Thought New Years 400$ high

Relax people are still in holiday mode.
We may start a new bull run in a week or two.

The party never ends...

It had only just begun

Ha ha priceless!!

[ChartBuddy]

Explanation

[exocytosis]

where are those guys that are buying with both hands?

Most cultists and permabulls still live in the basement of their parents' house. And their "salary" is the $5 allowance they get every week, so they don't really have a lot of money to spend on trying to keep this sinking ship afloat.

Love it exo. What amazing job do you have to impress us all?

Paid shill at The Fed.

[ejinte]

Can still not enter bitstamp

500 Internal Server Error

Any idea?

[ChartBuddy]

Explanation

[jertsy]

Can still not enter bitstamp

500 Internal Server Error

Any idea?

Someone's trading there. This is what Bitcoinity's showing for Bitstamp.

bitstamp   1.26   a minute ago   315.1
bitstamp   0.03   2 minutes ago   315.2
bitstamp   1.48   3 minutes ago   315.1
bitstamp   0.07   4 minutes ago   315.2
bitstamp   1.31   11 minutes ago   315.5
bitstamp   1.01   15 minutes ago   314.8
bitstamp   0.05   17 minutes ago   316.0
bitstamp   2.90   17 minutes ago   315.4
bitstamp   0.03   17 minutes ago   314.8
bitstamp   0.05   18 minutes ago   316.0
bitstamp   4.18   18 minutes ago   314.6

[podyx]

Can still not enter bitstamp

500 Internal Server Error

Any idea?

It works for me so it's probably only you who have some problem