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

[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

Show me the law that says this.

A fiduciary duty[3] is the highest standard of care at either equity or law. A fiduciary (abbreviation fid) is expected to be extremely loyal to the person to whom he owes the duty (the "principal"): he must not put his personal interests before the duty, and must not profit from his position as a fiduciary, unless the principal consents.

the basis to the idea that You can't run an exchange and then tank it behind the scenes as to buy up all the shares at a lower price in hopes to cover the lost of your shareholders money. The fact you think that idea could be Kosher blows my mind lol

Not to mention its basically insider trading and fraud.

[ChartBuddy]

Explanation

[deadfi$h]

"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/

Lol, he still has that stupid smug picture of his face all over the site.

[Dalmar]

Expect the China crash low around 400 to be retested on stamp.

Just got back and looks like my low was hit. Much profit, awesome.

[T.Stuart]

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.

Would be great for Bitcoinland but still a very vague and non-commital statement by MK. Easy to say, a bit like "Your funds are very safe".

[delphic]

Where does this mess leave Bitcoinbuilder?

Bitcoinbuilder's main trade was buying Goxcoins at a discount for real Bitcoins. He was gambling that Mt.Gox would come out of it's problems.

If Mt.Gox is bust, those Goxcoins are worth nothing, and Bitcoinbuilder is the loser in the deal (the gamble).

Or have I got the wrong end of the stick?

[ShroomsKit_Disgrace]

QUESTION:

What is this shit?:

https://twitter.com/gox_com

[soullyG]

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.   

+1

[Davyd05]

QUESTION:

What is this shit?:

https://twitter.com/gox_com

fake fud ..

[derpinheimer]

Where does this mess leave Bitcoinbuilder?

Bitcoinbuilder's main trade was buying Goxcoins at a discount for real Bitcoins. He was gambling that Mt.Gox would come out of it's problems.

If Mt.Gox is bust, those Goxcoins are worth nothing, and Bitcoinbuilder is the loser in the deal (the gamble).

Or have I got the wrong end of the stick?

I think its wrong, only those who bought Goxcoins are screwed (at least, it seems)

[Davyd05]

My new thought process is any major established financial company can save gox, ( this is the investment ) earn the respect and adoration of those who have been assuming all their btc and fiat are gizzone.

Change the name, introduce the new team, but acquire the customer base I would be biting at this opportunity if I was rich as fuck lol

[seleme]

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?

Hm, are they buying MtGox?

[seleme]

Where does this mess leave Bitcoinbuilder?

Bitcoinbuilder's main trade was buying Goxcoins at a discount for real Bitcoins. He was gambling that Mt.Gox would come out of it's problems.

If Mt.Gox is bust, those Goxcoins are worth nothing, and Bitcoinbuilder is the loser in the deal (the gamble).

Or have I got the wrong end of the stick?

Lol, why would Bitcoinbuilder be a loser? Theyx bought shit all, it's their users who are buying goxcoins, BBuilder just takes a hefty fee cut.

[CryptStorm]

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?

Hm, are they buying MtGox?

Hi Guys,

Excuse me for not catching up, but did the Strategy Draft from scribd get leaked here, yet (I'm on Foundation, it's there)?

And, holy shit (I 'have' coins on gox). :-(

[Rampion]

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.

No, they want us to believe they are being bought. The HTML comment move is so ridiculous it is painful. They knew that HTML comment was going to "leak". Karpeles is clearly implying they are being bought. I don't believe shit, probably it will just be a make-up action.

Nobody sane would throw money at Gox just now, without a months-long due diligence. No fucking way.

[adamstgBit]

[FNG]

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

about to blow past $520...thoughts?





 

[Patel]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

That's amazing. You're willing to risk all that money?

This isn't my only deposit to gox recently and may not be the last one either. I simply do not buy the idea that mtgox is insolvent. They have made far too many BTC since they came online in 2010. I don't feel like I'm taking much risk and if mtgox has lost 50% of their BTC I still win. Honestly, what are the odds mtgox has lost 50% of their bitcoin?

Pretty good. Sorry about your loss..

[UnDerDoG81]

Selling wall at 520. Looks like people wanna go up after this wall...

[SilverandBitcoins]

Why is Coinbase's price $17 more then the Bitstamp price this morning?