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

[creekbore]

This from the Neo & Bee CEO:

We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.

Bullish.

[Vycid]

5000 pages... has ANYONE read the whole thing from page 1?

[Tzupy]

May the price reach this page number at the top of the next bubble.

[T.Stuart]

I just learned a story about a 'bitcoin investment fund' in a certain Latin American country.  The fund took several thousand coins from clients,  promising large returns in BTC.  Then the owner claimed that the fund had been hacked an all the coins were stolen, and closed the fund.  The clients have not yet received their coins back.

What makes the story interesting is that that same person is the owner of that country's main bitcoin exchange.  And his clients see nothing wrong with that.

Why is there so much tolerance to dishonesty in the bitcoin community?

Are you speaking about Mercado Bitcoin in Brazil, right?

Well, I personally know the people involved and you are just making wild assumptions. AFAIK the theft of the fund money happened indeed - and the owner of the fund is the OLD owner of the exchange, not the actual one. He sold it.

So, you are reading stories in a forum, confusing them for hard cold facts and then making assumptions. Well done, professor. You are embarrassing  yourself again.

About your stupid rhetorical question:in the Bitcoin community there is no more tolerance to dishonesty than in the "fiat community" (lol). HSBC employees and management can calmly walk down the streets without fearing to encounter an angry mob ready to hang them from a tree (same thing is valid for any of the investment banks that made millions of people poorer after the 2008 crisis), Berlusconi has ruled 20 years in Italy while all the population knows he is a thief and probably a "wise guy", the management of the Spanish banks that ruined the country and that had to be rescued with public money is walking away with multi-million bonuses while nobody says nothing, and the vast majority of financial criminals (even the convicted ones) are admired and called "sir" by their neighbors.

This is capitalism, Mr Steffi, and there's always tolerance to making a lot of money, regardless of the means.

I think with a bit of nuance in both directions you both have points.

Jorge's point seems to me to be in line with the general appreciation of Bitcoin land as the "Wild West". I don't know how much longer we will be in the wild west but just a thought: would we judge the cowboys of 150 years ago by our own standards?  

But in any case I do think tolerance for cowboy behaviour or perceived cowboy behaviour is fast on the wane in Bitcoin land. Just type "Mark Karpeles" into Google and read. Reminds me very much of reading about the "banksters".

[kurious]

Hasn't the Gox price just risen to reflect what the Bitcoinbuilder price allows?

When it was $100, IF you got fiat in you could buy Gox BTC and then sell them via Bitcoinbulder for a huge profit.

Once enough fiat was started to come in, it was inevitable that with an arb possible - the gap would close.

Then once Gox rose to close the gap, the market felt rosy.

If Bitcoinbuilder is 0.5, then Gox is around half of 'real' price, not 20% of it.  Hence Gox price?

[T.Stuart]

Hasn't the Gox price just risen to reflect what the Bitcoinbuilder price allows?

When it was $100, IF you got fiat in you could buy Gox BTC and then sell them via Bitcoinbulder for a huge profit.

Once enough fiat was started to come in, it was inevitable that with an arb possible - the gap would close.

Then once Gox rose to close the gap, the market felt rosy.

If Bitcoinbuilder is 0.5, then Gox is around half of 'real' price, not 20% of it.  Hence Gox price?

That huge arb just had to get corrected

[Mythul]

CCMF !!!

[aminorex]

This from the Neo & Bee CEO:

We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.

Bullish.

Bullish for Cyprus.  They can bin their Eurobux and build a free economy, if they have the will.

[aminorex]

May the price reach this page number at the top of the next bubble.

I hope not.  I don't want to wait that long.

[TERA]

I find it absolutely astonishing that gox dropped all the way down to 90 on unproven speculation, only to rise all the back up to 340 and rising, on more speculation. What is it with the lunatics in this market.

[N12]

The horrible realization from people who sold near double digits that mtgoxUSD is actually as bad, if not worse, than mtgoxBTC.

[octaft]

1. Curse Gox
2. Thank Gox

I'll thank them as soon as I can withdrawal.

I find it absolutely astonishing that gox dropped all the way down to 90 on unproven speculation, only to rise all the back up to 340 and rising, on more speculation. What is it with the lunatics in this market.

Dude, it dropped over 80% in two weeks, you have to expect a bounce. Sure, the bulls are delusional when they think it's going up up up forever, but bears are just as bad when they think it's going to slam straight back to $10 without any resistance.

[creekbore]

5000 pages... has ANYONE read the whole thing from page 1?

I started reading in the 130s

[smoothie]

PAGE 5000!

[N12]

1. Curse Gox
2. Thank Gox

I'll thank them as soon as I can withdrawal.

I was talking about Bitstamp and all other markets. MtGox has been the clear market leader here both down and now up.

[MoreFun]

100.000 reply.

[T.Stuart]

No prizes for what I'm calling here...

[Tzupy]

May the price reach this page number at the top of the next bubble.

I hope not.  I don't want to wait that long.

You are funny, but I try to be realistic. The current bubble has to deflate, which may take a few months, then a new (slow at the beginning) bubble will start.

[F-bernanke]

No prizes for what I'm calling here...

Strong bounce indeed that ball has

[kurious]

350 Gox?  Too high - makes no sense....