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

[FTWbitcoinFTW]

so what's a bad news for Charlie Shrem ? WWIII ?

[Dragonkiller]

so what's a bad news for Charlie Shrem ? WWIII ?

WWIII? This is actually good news! 

[San1ty]

so what's a bad news for Charlie Shrem ? WWIII ?

WWIII? This is actually good news! 

BUY BUY BUY

[Nightowlace]

ACQ could mean anything... ha:

http://www.acronymfinder.com/ACQ.html

I'm sure they plan on posting Aircraft Quality there. 

[JorgeStolfi]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.

In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund.  By its terms, the fund should have done that within 3 days.  The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."

The story sounds familiar?

The BitcoinRain clients haven't got their BTC back yet, and most likely never will.

The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/

[mmitech]

so what's a bad news for Charlie Shrem ? WWIII ?

BTW I am still not buying the whole Gox situation, it is hard to lose 10K bitcoin and even harder to lose 50K Bitcoin without noticing but losing all the just cant be sold to the public, something really big is happening, and I would say for long time now, this didn't happen in just few weeks.

I am really waiting to see the real story behind all of this.   

[Davyd05]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.

In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund.  By its terms, the fund should have done that within 3 days.  The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."

The story sounds familiar?

The BitcoinRain clients haven't got their BTC back yet, and most likely never will.

The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/

yeah Shawn Merrimen did a similar number on the Mormons your point being.. vet the people you in trust with your money.

[Nightowlace]

I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.

Buy and hodl the big boys have just implemented a very well planned take over of Bitcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.

*sorry for typos on my phone*

[Davyd05]

I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.

Buy and hodl the big boys have just implemented a very well planned take over of Botcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.

You can't legally buy your own exchange's bitcoin to cover losses. On top of that.. if the document and recent body of work is their standard of operations, then no way in hell could they pull that off with out leaving the most obvious trail... in other words I hope they rot in Jail..just wish it was with fiat bankers who committed equally evil scams

[billyjoeallen]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

[T.Stuart]

so what's a bad news for Charlie Shrem ? WWIII ?

BTW I am still not buying the whole Gox situation, it is hard to lose 10K bitcoin and even harder to lose 50K Bitcoin without noticing but losing all the just cant be sold to the public, something really big is happening, and I would say for long time now, this didn't happen in just few weeks.

I am really waiting to see the real story behind all of this.   

Then either insider theft or the panic is what MK wants - otherwise at this point I fail to see why he would not issue a statement refuting the 700k figure.

[Dragonkiller]

I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.

Buy and hodl the big boys have just implemented a very well planned take over of Bitcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.

*sorry for typos on my phone*

I think you're right, too many people often overlook the bigger picture.

[BubbaGumpShrimpinBoatCapn]

Coinbase is price gouging.  Wtf is their problem?

[Nicholas-Carraway]

http://www.reuters.com/article/2014/02/25/bitcoin-mtgox-ceo-idUSL1N0LU12G20140225

[magicmexican]

In an emailed response to a question of whether the Tokyo-based exchange was dead, Karpeles said: "We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

[T.Stuart]

http://www.reuters.com/article/2014/02/25/bitcoin-mtgox-ceo-idUSL1N0LU12G20140225

Karpeles said: "We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

Please let a reputable team take it on!

[finder_keeper]

I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.

Buy and hodl the big boys have just implemented a very well planned take over of Botcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.

You can't legally buy your own exchange's bitcoin to cover losses. On top of that.. if the document and recent body of work is their standard of operations, then no way in hell could they pull that off with out leaving the most obvious trail... in other words I hope they rot in Jail..just wish it was with fiat bankers who committed equally evil scams

Show me the law that says this.

[seleme]

http://www.reuters.com/article/2014/02/25/bitcoin-mtgox-ceo-idUSL1N0LU12G20140225

"We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

They are being bought obviously.

If their loss is not too big then it might be good buy. And it might be great dfor Bitcoinland overall if some big and competent name(s) buy them.

[portfail]

Guys look at this story

A friend of mine just sent me this link:

https://github.com/apngasm/apngasm/blob/master/BACKERS.txt

He is working remotely for a Japan company and his employer just realized that one of the backers of his kickstarter project is the guy from the breaking news today.

"Mark Karpeles   http://www.tibanne.com/   PHP can do stuff!"

The interesting part is that today he changed the referral site from http://www.mtgox.com/ to http://www.tibanne.com/

He said he was a "very generous donor"

"It looks like he was an active backer on KickStarter, backing over 100 projects with the most recent ending less than a month ago. Many of the projects he backed were Open Source software or hardware."

"every project he backed is a project I would back. He has extremely good taste"

"I've had no contact with him other than the kickstarter survey though. He has not repsponed to any of may messages through KS"

[KeyserSoze]

some good news

http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/

YESSSSSS

SecondMarket was not listed in the "Gox Stinks But We Swear We're Honest" Coinbase blog post last night?