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

[UnDerDoG81]

So is everybody waiting now that somebody else move first? Or why is there nothing happening on stamp anymore?!

[KeyserSoze]

You should remember that this round of selling coincided with "Ryan 2bit" releasing his insider "info", after it hit here the price tanked.  Then the statement came round and it tanked again.
But Fonzie is long so its all good.

What if...
           ....if....
                     ....Fonzie *is* Selkis?!?

[empowering]

this will pass

[hyphymikey]

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange. Keeping people like Mark and Gox from operating, with users under the false assumption that they will actually get btc or fiat. The exchange itself should pay for this service, and in return be listed as a trusted exchange. We should then point first time buyers to the Foundation page with up to date exchange info.

[Nicholas-Carraway]

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

The owner of the PDF is listed as Ryan Selkis, so I googled him. Turns out he runs a company that aims to "reduce volatility for consumers while helping hedge funds invest in bitcoin". Way to go with the volatility reduction!

[/quote]

Apparently that crazy document was real.  Restructuring coming...

http://www.domaininvesting.com/andy-booth-sells-gox-com/

[surfer43]

Bringing 300 USD into BTC. When should I enter?

[adamstgBit]

Bringing 300 USD into BTC. When should I enter?

now.

[MANofthePEOPLE]

Makes no sense that the usd markets isn't moving. Basically nothing keeping it over 480 but no one is selling either. This if something lately should bring it down?

Whales usually don't sell into no support cause they'd get very poor value.  Instead, they wait for a big wall.  That's why I always laugh when people are like "oh hey, we have good support here... oh crap, someone just blew through it."

And regular folk moving a coin or two don't matter since they can't make the market move anyway.

here come the walls. 300 btc at 490.

I have nice amount of fiat still sitting on exchanges. Not sure what to make of this now, tbh. BTC-e fucked me a bit with not going below 500.

Probably isn't over yet though, we'll see. Not much happening at all since the news which is kinda weird

[FullLife]

It's going to be a long night.

[ChrisML]

http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+businessinsider+(Business+Insider)


“We are shocked to learn about Mt. Gox’s alleged insolvency. While we are unable to comment on whether or not Mt. Gox's business operations employed operational best practices and reasonable accounting procedures, we can assure the public that the Bitcoin protocol is functioning properly.”



Read more: http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2#ixzz2uIsvXMjW

[Walsoraj]

this will pass

Oh yea for sure. In fact, I wouldn't be surprised if MtGox is up tomorrow with the new Midas engine and LTC support.

 

[adamstgBit]

Bringing 300 USD into BTC. When should I enter?

now.

k maybe not now now, but now at 480 would be pretty damn good i think

[7thKingdom]

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange. Keeping people like Mark and Gox from operating, with users under the false assumption that they will actually get btc or fiat. The exchange itself should pay for this service, and in return be listed as a trusted exchange. We should then point first time buyers to the Foundation page with up to date exchange info.

You mean the same foundation that had Mark on the board during the ENTIRE debacle?

I'm sorry, but at best they are completely ignorant and neglectful and at worst completely deceitful and untrustworthy.

[KeyserSoze]

Apparently that crazy document was real.  Restructuring coming...
http://www.domaininvesting.com/andy-booth-sells-gox-com/

Wow, 700K Bitcoins was a lot to pay for it! 

[Vigil]

What sucks is that if Gox does come back and repay everyone's funds/BTC, whoever wasn't left with BTC in their account will get royally screwed. By the time things are up and running the BTC price on Gox will be near the rest of the exchanges. So, you'll have lost your coins.

[JorgeStolfi]

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.

You mean the Shrem Karpeles & Friends Foundation?

[UnDerDoG81]

Hahah wtf man making always wrong decisions when it comes to money  

Sold and now we go up...

[jojo69]

welcome back goat

[byronbb]

Apparently that crazy document was real.  Restructuring coming...
http://www.domaininvesting.com/andy-booth-sells-gox-com/

Wow, 700K Bitcoins was a lot to pay for it! 

Going to have to buy 700k btc on bitstamp: to the moon.

[Walsoraj]

https://twitter.com/CharlieShrem/statuses/438163408165535744

I disagree, I knew he had buyers lined up. However with this leak (if its true) let's see if they still want to bail out Gox.

^just posted