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

[Rosewater Foundation]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.

Fair play. For 0.2 BTC I'd dump like milk on a fire.

[Ibian]

My remaining clone coins are presently worth a few years of living expenses. Time to dump. Life is excellent.

[savetherainforest]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.

I still have mine, haven't split my cold storage wallets.

But, I see a f'-ing huge bear trap now in BTCiTcoin!

Behold

Hearth warming!!!

All these pics with burning bears & bitcoin dinosaurs stuff, just fill my soul with joy!

[yefi]

I was thinking that Peter Vessenes's trolling forcing creditors into becoming long-term hodlers, was actually helping people to get more than the supposedly 56K JPY per BTC pittance from that settlement.  But the WSJ article is actually suggesting otherwise and that the case may be resolved soon?  Any source/link to that fish diet info?

I don't think the WSJ article suggests that the case will be resolved soon, only that creditors wish that it would be. Fluidjax posted a link to an excellent summary of the case here.

As for our scaly friends, that's what turns up in searches for Japanese prison food. You only have to compare the difference between Mark entering and exiting custody:

[ivomm]

kraken USD price: 7230
Euro price: 6040 =7030$. Some traders are completely illiterate!

[Ludwig Von]

kraken USD price: 7230
Euro price: 6040 =7030$. Some traders are completely illiterate!

And 110€ difference between Kraken and Stamp... .

[LewisPirenne]

He looks fabulous now and I actually kind of envy him.

But I am still appalled that the value of BCH+BTG (future)+S2X (future) alone already cover HALF of creditor's claim (in fiat terms).  So technically he could just give creditors those forkcoins, but still keep 90% of BTC and made off like a bandit.  I wouldn't want to be him if he end up with like 180K BTC in the end.

[JayJuanGee]

My remaining clone coins are presently worth a few years of living expenses. Time to dump. Life is excellent.

I only have about 7% of my clone coins remaining - although I have a few more coins that would have been about an additional 1% or perhaps 2% of my stash that are pending issuance from the fuck head coinbase's seemingly scandalous decision to wait until January 1, 2018 to actually issue the coins to their users..   Probably I would have cashed out some of those by now, if I had had access to them.   

I do have a few additional BCH that are kind of tied up in WEX tokens (formerly known as BTC-e) (which WEX tokens are currently trading at about 50% of the value of the actual BCH) - which I consider to be a little bit of a different issue in terms of getting access to BCH.  I generally have not been cashing out of any of my WEX tokens, because WEX has actually said that, at some point (that they have not specified), they are going to 100% for each and every token that they issued, and it has been nearly 2 months since WEX issued tokens, but they have not credited any reimbursement, at all, yet.

Based on the lack of fundamentals of BCH, you would think that this might be the last pump of BCH - however, who really knows for sure.  Coins don't seem to die in cryptolandia - but I suppose if BCH miners begin to dump their coins, then it could be a sign that this is the last pump? 

[explorer]

Actually he looks fabulous now and I actually kind of envy him.

But I am still appalled that the value of BCH+BTG (future)+S2X (future) alone already cover HALF of creditor's claim.  So technically he could just give the creditors those forkcoins, but still keep 90% of BTC and made off like a bandit.  I wouldn't want to be him if he end up with like 180K BTC in the end.

Wouldn't be surprised if he ends up forked into a dead-end chain.  I believe several people are, and will still be, miffed, no matter the legal outcome.  All of them gamblers, most of them now flush with pseudonymous wealth. 

[TheFlynn49]

BTC.top stopped signalling segwit2x an hour ago.

still 942 btc1 nodes alive on the network.

[Rosewater Foundation]

I can think of worse problems to have than 180K BTC.

[JayJuanGee]

He looks fabulous now and I actually kind of envy him.

But I am still appalled that the value of BCH+BTG (future)+S2X (future) alone already cover HALF of creditor's claim.  So technically he could just give the creditors those forkcoins, but still keep 90% of BTC and made off like a bandit.  I wouldn't want to be him if he end up with like 180K BTC in the end.
 

That would be crazy if any court (even if in Japan) would allow for that level of disparity and seemingly unjust enrichment of a person (Mark) who, at minimum, was very negligent and more likely reckless with carrying out his custodial duties over the coins of others.

Given the considerable and even exponential increase in value of BTC during this calendar year, including issuance of BCH and BTC coins and S2x futures, as you mentioned LP, it would be really nice if the court could figure out a kind of prompt resolution to allow for a 50% reimbursement, or something like that, of everyone who had BTC balances at the time of the GOX closure, even if the rest of the proceedings might be held up or held off in order to possibly consider other distribution matters.  The exponential price appreciation of BTC brings a kind of special circumstance that should allow for some quick handing out of justice to help to ameliorate some of the suffering of those folks holding (or claiming) BTC values at that time of the Gox closure... of course, there will still be some screwiness in the distribution, perhaps, because some folks were in the middle of trades, when the surprise shutting off of the site happened..

These are unusual times in BTC that would allow for unusual measures and a kind of prompt partial justice, yet sometimes courts don't seem to be practical in terms of flexible thinking to treat an asset class that they likely do not understand too well and in terms of applying old standards to new asset dynamics.  

Anyhow issuing 50% BTC to all outstanding BTC claims, would likely allow for the reimburse everyone of those particular
BTC holding folks well more than 100% (if such a concept is possibly understood) of the then value of their BTC, and possibly the court would not appreciate that kind of outcome either, since they are probably still considering that some of the outstanding BTC claims are NOT valid, perhaps?    So, if they are having some trouble with some of the claims, then perhaps, just reward 50% of the BTC value to all of the folks that have claims that are not disputed.  By now, you would think that there are likely quite a few of those kinds of undisputed claims, no?

[Rosewater Foundation]

I can think of worse problem to have than 180K BTC.

Sounds like a heavy target to carry around.  Who knows, maybe he'll be third time lucky.

You think there are that many people still out for blood?  

[Ibian]

I can think of worse problem to have than 180K BTC.

Sounds like a heavy target to carry around.  Who knows, maybe he'll be third time lucky.

You think there are that many people still out for blood?  

People should be given their choice of reimbursement in either fiat or btc. Crime should not be profitable, otherwise we will get more criminals.

[AlcoHoDL]

Guys, seriously, I don't know if you've noticed it, but we've coined two new and ultra-cool crypto terms:

Carolina

Being roached out

IMO, they both deserve to be up there with HoDL, Bitcorn, and This Is Gentlemen.

I love it!

[Ibian]

Guys, seriously, I don't know if you've noticed it, but we've coined two new and ultra-cool crypto terms:

Carolina

Being roached out

IMO, they both deserve to be up there with HoDL, Bitcorn, and This Is Gentlemen.

I love it!

I just saw THAT LINE from 300 on youtube. And what I heard was Carolina. God damn you people.

[rjclarke2000]

Looks like I may be posting that CCMF meme soon...

Go BTC go!

please tell me what CCMF stands for. I found 10 different meanings and all sound silly

http://knowyourmeme.com/memes/choo-choo-motherfucker

thanks. I found these acronyms:

Carolina Country Music Fest
Closed Casket Mo* Fu*
Criminal Case Management Framework
Central Coast Mothers Favorites
Core Component Measuring Fixture
Common Cost Management Framework
Canadian Consultant Management Fund
...

Carolina country music fest!! Ha ha.

Guys today is definitely Carolina Country Music Fest. Keep watching that price.

We can thank vroom for that one.

[vroom]

Looks like I may be posting that CCMF meme soon...

Go BTC go!

please tell me what CCMF stands for. I found 10 different meanings and all sound silly

http://knowyourmeme.com/memes/choo-choo-motherfucker

thanks. I found these acronyms:

Carolina Country Music Fest
Closed Casket Mo* Fu*
Criminal Case Management Framework
Central Coast Mothers Favorites
Core Component Measuring Fixture
Common Cost Management Framework
Canadian Consultant Management Fund
...

Carolina country music fest!! Ha ha.

Guys today is definitely Carolina Country Music Fest. Keep watching that price.

We can thank vroom for that one.

my plessure

[P_Shep]

Goes back a little further, actually:

Are we CCMF, gentlemen?

I Googled CCMF and came up with Carolina Country Music Fest! Is that what it means? LOL! 

[rjclarke2000]

Goes back a little further, actually:

Are we CCMF, gentlemen?

I Googled CCMF and came up with Carolina Country Music Fest! Is that what it means? LOL! 

Ok, maybe take 50/50 credit?