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

[BlindMayorBitcorn]

The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.

The deadline for victims to submit their claims was ~May 25, 2015.  The bankruptcy trustee Nobuaki Kobayashi now has until September 2015 to validate those claims and define the payouts. 

It is very unlikely that Kobayashi will try to sell the remaining bitcoins on exchanges.  Either he will return them as BTC through Kraken, or he will auction them. 

I suppose that he would like to return them as BTC, to save him the headache of organizing the auction.  (Or perhaps not, since he will charge extra for that work.)  However, he would have to convince the bankruptcy judge to authorize that; and the precedents, if not the laws, all seem to require the conversion to JPY.

I can see also some logistic obstacles to returning things in BTC.  Suppose that the spoils of MtGOX are 1 billion JPY and 200 k BTC, worth 1 + 5 = 6 G JPY in all; but the validated claims by victims add to 4 G JPY and 320 k BTC, worth 4 + 8 = 12 G JPY total.  So each victim should receive 50% of his claim, and Kobayashi would have to give out 2 G JPY and 160 k BTC.  He cannot force victims to take BTC in place of JPY, so he would have to auction 40 k BTC anyway to make those payouts. 

If the mismatch goes the other way, things will be easier because he can (legally) force the victims to accept JPY instead of some of the BTC that they claimed.  But the idiots who insist on getting refunded in BTC are going to make a big fuss anyway.

There may be also complaints by victims if the BTC price changes between the time that Kobayashi computs the payouts and the time that the victims received their BTC on Kraken.  Note that a change in the BTC price affects all payouts, even those of victims who want to be paid in JPY only.

I suspect that he will regret having admitted the possibility of a refund in BTC...

I'm sorry Professor but I have to disagree. I wouldn't put anything past a guy that can inhale hot dogs like that.

[ChartBuddy]

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[Dump3er]

Dump3r expecting new ATH. Bullish.

Is there an example of this opinion? Sorry I didn't watch Dump3r carefully.
Who elses moves can you predict future Bitcoin price?

Nah, it was a joke. He said something like "we'll see lower lows before a new ATH", meaning that the first is more likely than the second. I mischaracterized it as sequential prediction.

Nope. You didn’t mischaracterize it. It was a sequential prediction.

[lyth0s]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

I think $32,000 will be reached much faster than that.

[Dump3er]

You mean long like a permabull? I never went that long!  

Meanwhile I closed all longs and stand on the sideline, observing the development. This retracement could even go a lot a higher, but we’re  here on some critical point now, where a reversal is not very improbable. Anyway, even if the retracement goes higher (where the dump3er will jump on again) I’m sure that we’ll see mayor lower lows before a new ath

Translation: I have no idea where the price will go but ill give a bearish tilt as i closed my long position. If it goes higher I will get FOMO and chase the price higher.

No, I still tend to be slightly bullish in the short term. But if you trade, you should have a rational plan and not trade based on emotion and intuition, therefore it’s no contradiction to feel bullish and nevertheless close the long position (meanwhile).

A small loss would be no problem.

[ChartBuddy]

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[ChartBuddy]

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[molecular]

Looks like our Wall-Observer bulls are prematurely overexcited once again. It’s always the same. Will it ever change? Maybe when we hit the real bottom...

That's the best you've got? Really?

[molecular]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

+1

One Correction: it's in anticipation not of Greeks buying, but of everyone buying.

[ChartBuddy]

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[ChartBuddy]

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[Mrpumperitis]

i was talking about this a few days ago and now i found a website saying same stuff in 2014. Guys please watch the second video, its a few min long and has a speech from imf christina laguarde.
 jadehelm coming in less than 2weeks says to me usa/israel is preparing for a major catastrophe, uk has been running anti-terror excercises in london involving thousands of police, medics etc,  greece exit will trigger some major events.
https://www.dollarvigilante.com/blog/2014/09/12/god-has-chosen-an-exact-date-for-the-dollar-collapse-harbing.html
the video she gives a secret date- guess what happened on the week of that date...http://www.nbcnews.com/meet-the-press/meet-press-transcript-july-20-2014-n160611 , 17 07 2014( drop the 0 like she said gives u 777 and is the day they crashed the boeing 777? )

i think im going crazy,  
what i am have found out recently is not coin related but i think will affect everyone single one of us, if you have a a few spare minutes please read this - http://www.xat.org/xat/worldbank.html  ,
here is one fact in this eye opening read " In 1933 new President Franklin D. Roosevelt signed a bill forcing all the American people, to hand over all their gold at base rate, or face 10years jail , $10000 fine or both " ( https://en.wikipedia.org/wiki/Executive_Order_6102 ) - if this was to happen today what would happen...  http://american3rdposition.com/wp-content/uploads/Jade-Helm-Martial-Law-WW3-Prep-Document-1.pdf  - maybe this is why jadehelm is going to begin soon (15th july 2015 and ends in the same week as the shemitah 7 year cycle, 2008 gave us biggest economic crash ,2001 we got 9/11 )
greece exit could be the trigger for them to put the debt on our heads ..( again just like 1933) and with BRICS bank IMF will be needing to stock up to match them since they have all the gold.
I think im gonna stock up on gd anon coins.

[LFC_Bitcoin]

Is 250 going to hold? I hope so, otherwise we're going to be infested with an influx of beartrolls calling doom. 250 isn't anything to celebrate but it'd be nice if it could hold & we could then potentially call 250 a new bottom.

Will be interesting to see what happens as we enter the weekend. The price can often change over the weekend, I'm not sure what to predict though.

[hdbuck]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

+1

One Correction: it's in anticipation not of Greeks buying, but of everyone buying.

yea no, i dont see greeks spending +250$ per those digital tokens you call bitcorn.

edit: time is at saving the little money they managed to get out of their banks to afford food and 1st necessity items. not investing. not buying frappucinos with some fancy intrenet money.

[ChartBuddy]

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[Sitarow]

[dakota neat]

Is 250 going to hold? I hope so, otherwise we're going to be infested with an influx of beartrolls calling doom. 250 isn't anything to celebrate but it'd be nice if it could hold & we could then potentially call 250 a new bottom.

Will be interesting to see what happens as we enter the weekend. The price can often change over the weekend, I'm not sure what to predict though.

sell and take your loss like a man. we can only go up after you and your true believer buddys sold at the lowest possible price point.

please. sell. now. 

[ChartBuddy]

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Explanation

[eerygarden]

i was talking about this a few days ago and now i found a website saying same stuff in 2014. Guys please watch the second video, its a few min long and has a speech from imf christina laguarde.
 jadehelm coming in less than 2weeks says to me usa/israel is preparing for a major catastrophe, uk has been running anti-terror excercises in london involving thousands of police, medics etc,  greece exit will trigger some major events.
https://www.dollarvigilante.com/blog/2014/09/12/god-has-chosen-an-exact-date-for-the-dollar-collapse-harbing.html
the video she gives a secret date- guess what happened on the week of that date...http://www.nbcnews.com/meet-the-press/meet-press-transcript-july-20-2014-n160611 , 17 07 2014( drop the 0 like she said gives u 777 and is the day they crashed the boeing 777? )

i think im going crazy,  
what i am have found out recently is not coin related but i think will affect everyone single one of us, if you have a a few spare minutes please read this - http://www.xat.org/xat/worldbank.html  ,
here is one fact in this eye opening read " In 1933 new President Franklin D. Roosevelt signed a bill forcing all the American people, to hand over all their gold at base rate, or face 10years jail , $10000 fine or both " ( https://en.wikipedia.org/wiki/Executive_Order_6102 ) - if this was to happen today what would happen...  http://american3rdposition.com/wp-content/uploads/Jade-Helm-Martial-Law-WW3-Prep-Document-1.pdf  - maybe this is why jadehelm is going to begin soon (15th july 2015 and ends in the same week as the shemitah 7 year cycle, 2008 gave us biggest economic crash ,2001 we got 9/11 )
greece exit could be the trigger for them to put the debt on our heads ..( again just like 1933) and with BRICS bank IMF will be needing to stock up to match them since they have all the gold.
I think im gonna stock up on gd anon coins.

You can scare yourself to death with this stuff. Can you forsee governments demanding bitcoins be handed over in return for a base rate of fiat with similar threats if you do not?

[ChartBuddy]

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