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

[UnDerDoG81]

Is the 10K dump from yesterday done now? Or are there still coins left?

that was done yesterday, 5K bought into 5K liquidated

At the begining of this run-down a new 5k wall was wawing us at $538 for a few minutes.

Ok that was what I was meaning. So there should be no reason that stamp went down that deep!? What is happening to Bitcoin?

[ArticMine]

I hope everyone is set up in such a way that he can continue on without Emptygox.

I am. It is called wallet.dat backed up on a 5.25in floppy disk among other places.   My floppy also survived the collapse of First Pirate Savings and Trust, later called Bitcoin Savings and Trust and the collapse of Bitcoinica among other interesting events.

If this 700K+ BTC loss turns out to be true, the bears will first have a say, then when the market figures out that those BTC are gone and consequently cannot be sold expect the "short squeeze" to drive price of Bitcoin in terms of USD to new highs in the 4-5 figures.

Gox BTC can't be sold... but Gox USD exits the equation as well. No coins lost. There is no change in supply. Where does this idea come from?

Because the market has already priced with a non zero probability there are some real bitcoins in MTGox. Check for example https://bitcoinbuilder.com/. The same phenomenon occurred with pirateat40. People were selling in fear that pirateat40 would pay resulting in a flood of bitcoins hitting the exchanges. This was in the fall of 2012 and we all know what the market did after.

but this time its not a little bitcoinworld ponzi....its real worldwideponzi which will be exposed to mainstream.....those prices could have merit only when being adopted by mainstream...now there won´t be new suckers to find in mainstream for bitcoinponzi...GTFO

The mainstream is very aware of the problems at MTGox and the market has already priced this. As for size of the ponzi, assuming the 700K+ figure is correct, relative to the size of the Bitcoin economy it is actually comparable to pirateat40. I say hold, not hodl. It will be a wild ride, but those who hang on will be glad they did. If one wishes to trade this bear, I would not risk more than 1-5% of BTC holdings or fiat equivalent.  

[JorgeStolfi]

Is this significant?

https://blockchain.info/address/1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q

This is a wallet linked to both the 424k transaction and the 500k transaction and has been identified previously as MtGox's wallet.

Everything that enters, leaves.  The final balance is zero.

[tarmi]

For anyone still interested in true and verified news Playboy has started using BitPay

http://www.coindesk.com/playboy-plus-accepting-bitcoin-payments/

Playboy, the iconic media company that publishes Playboy magazine, is now accepting bitcoin payments for its adult entertainment content through at least one of its web properties.

Though not yet formally announced to the public, the payment option is currently live on the Playboy Plus website, and is available to those purchasing one-month, six-month and lifetime memberships through Georgia-based merchant processor BitPay.

Formerly the Playboy Cyber Club, according to its official Twitter account, Playboy Plus is an online component to Playboy magazine that provides original nude picture content.

Playboy’s online branded assets are operated by Montreal-based adult entertainment conglomerate MindGeek, and as such, the bitcoin rollout appears to be part of a broader move toward acceptance from MindGeek, not necessarily Playboy.

I'm gonna need that for a few months!! porn is so much better than real live bitchy unreasonable demanding soft warm chicks

cup and handle formation on my liquor cabinet!!!!

gtfo

[SheHadMANHands]

Coinbase Chattin:



 

[billyjoeallen]

I am calling the BOTTOM of my drink.

[hmmmstrange]

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

[ChartBuddy]

Explanation

[Davyd05]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

[N12]

Game over, Emptygox. It's good to see that they at least did have a plan in the end, although unfortunately it will not work.

Completely unfathomable however that they did not notice getting robbed 1) this much 2) over this long a time period.

[Walsoraj]

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

That doesn't look real. 

[fonzie]

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

I´m pretty sure that´s from the mtgoxtakeover.com guy, the one which made the deaththreat to Mark.

[podyx]

i think this might not be the bottom tbh

[adamstgBit]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

this guy must of sold all when he saw the wall.

[Davyd05]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

read that, and it looks 2 bit.. if thats a gox put together report so help us god people are really fucked. If I was a journalist no way in hell I post that weak as shit.

[Davyd05]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

this guy must of sold all when he saw the wall.

naw Adam Imma full hodler, there is nothing that can break my resolve. not even the Persian army

[Walsoraj]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

read that, and it looks 2 bit.. if thats a gox put together report so help us god people are really fucked. If I was a journalist no way in hell I post that weak as shit.

Yea, he is undermining his own FUD.

[billyjoeallen]

FUD doesn't have to be accurate. It just has to be effective. On the positive side, I hear taht sometimes you can go six months without making a mortgage payment before they kick you out.  schwweeeet

[adamstgBit]

new fud dropped same guy.

http://two-bit-idiot.tumblr.com/post/77760399932/update-on-mt-gox-this-document-appears-to-be i don't want to click the link and see the document

this guy must of sold all when he saw the wall.

naw Adam Imma full hodler, there is nothing that can break my resolve. not even the Persian army

i mean the guy dropping the clearly made up fud

[adamstgBit]

FUD doesn't have to be accurate. It just has to be effective. On the positive side, I hear taht sometimes you can go six months without making a mortgage payment before they kick you out.  schwweeeet

dude wtf

seriously?

your in that deep?