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

[hdbuck]

that guy is a proved scammer

Orly? You gotta be kidding me.

I don't think so.

he did some good stuff before.

You don't think what? Mark Karpeles is a great guy, he did a lot of things for BTC. He fucked up really bad in the end but this was inevitable.

he's like, bitcoin falling angel.

[AltcoinInvestor]

that guy is a proved scammer

Orly? You gotta be kidding me.

I don't think so.

he did some good stuff before.

You don't think what? Mark Karpeles is a great guy, he did a lot of things for BTC. He fucked up really bad in the end but this was inevitable.

Are you saying he made a deal with evil?

[troleybüs]

Not everybody can dance with the devil, but this guy knows how to gain trust and use it for his evilish plans.

Such a nerd life.

[Karartma1]

that guy is a proved scammer

Orly? You gotta be kidding me.

I don't think so.

he did some good stuff before.

Did you know him personally?

[BlackSpidy]

Wow, price was really stable today, comparatively to recent history. $3 range, it seems. And the trolls are nowhere to be seen/heard. Perfect.

[explorer]

that guy is a proved scammer

Orly? You gotta be kidding me.

I don't think so.

he did some good stuff before.

Did you know him personally?

He did shady shit before, for sure.  What good stuff?

[Karartma1]

Wow, price was really stable today, comparatively to recent history. $3 range, it seems. And the trolls are nowhere to be seen/heard. Perfect.

Trolls are everywhere if you look close. It's irrelevant with the price. Maybe their noise ratio is though.

[spooderman]

he did some good stuff before.

Such as? (Genuinely asking).

[troleybüs]

If we don't have Mt-Gox we wouldn't be able to see 1250$ coins. Mark Karpeles' most useful work is the November 2013 bubble. The only "good stuff" I can think of is this.

[spooderman]

1200 dollar coins make a 245 dollar price seem low. If it wasn't for that we'd be seen as making the steadily growing and much needed tech that we are.

[hdbuck]

he did some good stuff before.

Such as? (Genuinely asking).

provide the very first massive bitcoin exchange to the world.
let them speculators having fun.
led bitcoin over 1200$
provoked first major media breakthrough for bitcoin whilst retiring.

a hero.

[AltcoinInvestor]

he did some good stuff before.

Such as? (Genuinely asking).

He taught us that: "never trust exchanges"

Isn't that enough?

ps: I didn't use mt.gox before ( I didn't even know bitcoin it back then).

[spooderman]

mtGox is how I got my coins. All the other ways I tried became non-options just before I could. I would have bought a lot at $5 if it hadn't been for intersango dying. I resorted to bitcoin central which became my go to exchange which then got hacked and disappeared for ages. Eventually I bit the bullet and wired to Japan.

Intersango's break-up with metrobank is the reason I'm not a bitcoin millionaire I spent the whole of 2012 wanting to buy loads but not wanting to spend insane amounts on bank transfer fees.

(edit: the irony of handing cash to a bank to buy bitcoins was too much for me to bare, so I didn't do it until 2013. Got in before all the fireworks though ). Also, yes MtGox taught us not to keep money in exchanges, as did Tradehill, bitcoin.de, bitcoincentral, bitstamp (even though most of those services eventually returned their users coins). Apparently no matter how many times we learn this lesson, it has to get retaught!

[YourMother]

 

[EFS]

I love stable price. That way I can use my Bitcoin for shopping with no regret. I don't have a question mark in my mind if Bitcoin go up 50$ next hour.

[BlackSpidy]

I see this as a calm before the "storm" that I guess march (and maybe april) is gonna be. It's gonna be fun seeing what happens.
Edit: and the price is creeping upwards! Hooray!

[YourMother]

I see this as a calm before the "storm" that I guess march (and maybe april) is gonna be. It's gonna be fun seeing what happens.
Edit: and the price is creeping upwards! Hooray!

Please delete your account

[JorgeStolfi]

That is something Tether could resolve. (already used by Bitfinex and Poloniex)

AFAIK, Tether is Brock Pierce's creation, formerly (briefly) called RealCoin, and is supposed to be an altcoin pegged to the dollar.  That is, a dollar IOU. 

So Tether may be just a competitor to PayPal, wrapped to look like a cryptocoin?

And maybe Coinbase is already a competitor to Paypal, wrapped to look like a bitcoin exchange?

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

If we don't have Mt-Gox we wouldn't be able to see 1250$ coins. Mark Karpeles' most useful work is the November 2013 bubble. The only "good stuff" I can think of is this.

Sorry, he did not.  The Nov/2013 bubble (and almost certainly also the Apr/2013 one) was made in China, by an army of amateur and semi-pro day-traders who discovered bitcoin and bought a million BTC or more from the West.  Huobi ad OKCoin were clearly leading the price change, both during the Nov/2013 rally and during the Dec/2013 crash.

Given that premise, WIlly's purpose can only have been to do arbitrage with China.  That would have been an "unsurmountable opportunity" to make tens of millions of dollars of profit: buy coins from your customers with make-believe dollars, move the coins to a Chinese exchange, sell them for CNY at a significant markup, withdraw the CNY, convert to USD, take your profit, and put the rest of the USD in your client accounts, before they notice the coup.  

But perhaps the PBoC realized that those Chinese day-traders had just imported a couple million worthess pieces of nothing, without going through customs or anything, and were about to pay 1 billion USD in CNY for them to the foreign sellers.  Perhaps the PBoC decrees and bank closures were intended in part ot prevent that significant bite in China's trade balance, and keep the CNY in China?