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

[San1ty]

To be honest, Gox selling out was first solution to their problem I was expecting.

If their losses are not too big and price is right it's no brainer for the wealthy buyer.

The real question is:

How solid is the software they are buying? The customer-base is a great deal, but they'll probably have to rewrite that pos from the ground up.

[magicmexican]

Going up, up, up where are my cheap coins 

Even Risto said its time to buy, but bears will be bears

Well, if NOW it is not the time to buy, when it is?

I sure as hell regret not having money on the exchanges right now. I sent two biggish wires today, but when they hit both Stamp and Kraken it might not be the optimal moment. I would have bought a lot of $400 coins earlier today if I had the fiat there.

400-500 coins are amazing, but some bears will turn pigs and will wait or sell instead

[Rampion]

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

Sure.

[bitjoint]

Damn, missed the drop again.

http://www.youtube.com/watch?v=Hl5d6B5zTnY

[San1ty]

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

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

[Davyd05]

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

Sure.

Ramp.. he did say consolidate. were' barely to a consolidation. in an hr mtgox could be just gox. could be owned by someone else or could tell us they have no coins

let it all play out.. but I will admit Tera is always a tad bit bearish since I've joined the discussion

[gizmoh]

Who would buy an unlicensed faulty php exchange that's hated by most of its customers and has over $500 million in liability..
Unless its Facebook ! Winkle Douches  please call your friend Mark, err zuckerberg and confirm..

[hdbuck]

Disclosure:

The rumor regarding Mt.Gox being bought out by a private investor should be CONFIRMED soon.

Some acknowledgeable sources have already released teasing material with pictures of Gox new Head Quarters:

I just wanted to tell you that I am finalizing the purchase of Malla Manor this week, and we will have a party there starting Friday.

yeayyy

[ChrisML]

After a horrible week, I kinda feel back at it.

I was finnaly able to buy in some coins in the low $400's. In euros that was €324,- per BTC. Now, thats cheap. I remember buying coins 3 weeks ago for €524,- a piece, and downtrend was already going through walls.

[ChartBuddy]

Explanation

[delphic]

Disclosure:

The rumor regarding Mt.Gox being bought out by a private investor should be CONFIRMED soon.

Some acknowledgeable sources have already released teasing material with pictures of Gox new Head Quarters:

I just wanted to tell you that I am finalizing the purchase of Malla Manor this week, and we will have a party there starting Friday.

yeayyy

I think I have been to that mansion. In SecondLife.

[soullyG]

Statement from BTC-e just went live:

https://btc-e.com/news/199

Dear BTC-e.com participants,

We are concerned by MtGox shutdown and would like to assure you that:

1. MtGox losses do not affect account balances or the operation of BTC-e in any way.

2. We confirm the Bitcoin system operation and its exciting prospects, and MtGox bankruptcy has not been caused by any underlying technical problems of Bitcoin. Bitcoin international peer-to-peer network and cryptocurrency are independent of actions of a single market participant. Bitcoin protocol continues to function exactly as it should. The cryptocurrency maintains its stability and the network will continue to develop and exist as long as required by its users.

3. At BTC-e we are constantly monitoring Bitcoin accounts and FIAT reserves. At BTC-e we continue to maintain all clients’ assets in full – both Bitcoin and FIAT.

4. BTC-e has no vulnerabilities during client transactions as we use safe and proven transaction protocols. All transaction issues reported by our clients undergo a thorough check.


The safety of client funds and transactions is of ultimate importance for the company, and this is the reason why we have been an industry leader for the last three years.

1. BTC-e is at its peak of financial strength with the record levels of clients and capital adequacy. The company plans to start publishing financial statements, verified by an external audit, on a regular basis.

2. The highest levels of security are already in place at BTC-e, and the company regularly uses external professional advice to further increase the security of our clients.

3. BTC-e is the only exchange to offer a modern trading platform, MetaTrader 4, to its clients, and many other exciting projects and further upgrades are in the pipeline.

[BubbaGumpShrimpinBoatCapn]

Coinbase price is $10 higher than it shows on bitcoinwisdom and bitcoin wisdom shows ~15$ more than bitstamp.  Anyone tell me why?

[Ivanhoe]

Look mr Karpeles this is how you should communicate ^

[FierceRadish]

What a time for Kraken (my exchange of choice) to experience transfer delays.

[thezerg]

Hearing rumors that gox has been bought out, can't confirm.

Well the rummors were in their html:



acq = acquisition

who would want to buy that crap.. i dont know

I hate to fuel rumors, but this is the speculation forum.  

Pure speculation, but in a logical world, the ONLY buyer would be someone whose reputation could dramatically overwhelm that of Gox.  this organization would suddenly benefit from hundreds of thousands (or whatever) of verified bitcoin accounts.  

An existing bitcoin player would seem undercapitalized.  It would have to be a financial services company.  But it all depends on how much Gox is under-capitalized.  Repairing a couple million dollar shortfall would be nothing to a large company -- in fact it could result in a massive profit if they've been buying Gox coins at the discount.

This would explain the activity on Gox and bitcoinbuilder -- it might be illegal and unethical for Gox to buy their own coins for 100 bucks, but I think that it would not be for agent X who (for example) buys 90% of the Gox coins trading at 5-20% of other exchanges, then turns around and buys the company for keep-me-out-of-jail prices.

[adamstgBit]

Coinbase price is $10 higher than it shows on bitcoinwisdom and bitcoin wisdom shows ~15$ more than bitstamp.  Anyone tell me why?

cuz its not stamps.

[seleme]

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

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

That's why you don't say anything about bitcoin price with any kind of authoritative sound unless you have 20-30 millions to move markets up or down.

[deadfi$h]

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

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

Careful now guys, just because we missed a mark doesn't mean there won't still be a correction to the correction. Check back to every other major crash and see the bars flying up and down.

Fib resistance around $550 and a round number, so selling in the $540s and then we retest $500 at the very least.

[ChrisML]

aaand $530 is gone.