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

[kkaspar]

The thing about Jorge is that he’s a provincial academic. In a country outside the G8, at that. Like most minor academics, especially in middle age, there is a tendency to bitterness which they are self-aware enough to hide. They are the losers and they know it.

At one point the potential must have seemed endless. Imagine being in California in the early 80s, studying Math or Computing at Stanford – what possibilities! The world ready throw billions at you and your contemporaries! Who wouldn’t start a company? Who wouldn’t invest in friends? Who wouldn’t risk just a little in their own future?

No, play it safe. Rise above the crass entrepreneurialism. Teach. Head back to a salary, with a pension. You could have done well, of course, if you’d wanted to, but the guiding, year after year, of smiling young faces was its own reward.

And now, another tech revolution unfolds in front of you. You have the understanding and the ability to invest time or money into the idea. But wait – actual involvement? Wet feet? Action? No, no, no. Not me. That would just emphasise all my other missed chances.

No, I’ll snipe from the safety of my tenure. I could have partaken, honestly, but I’m better than that. I’m aware of it, but above it, because, well, I’m an academic.

You have the talent, the time and resources. But you won’t even buy one coin to see what it’s about. You’re wasting your time and ours in a desperate bid to show some kind of superiority. You’ve taken enough advice and explanation with nothing of interest coming back. You’ve had your moment in this thread, presumably because it’s the busiest, but you should have the decency to set up your own and see if anyone will follow and care there.

Reading this text I imagined an rebellious teenager who is trying to insult his teacher, who in turn is actually trying to help him.
All those personal insults towards Jorges alleged status and personal life. Just like from an hollywood teen move..

[mmitech]

http://letstalkbitcoin.com/somethings-not-right-at-gox/#.Uw5lrfmwJBl

It's not hard to imagine the most likely scenario. At some point, Mark lost some coins. They were either stolen or lost through bad coding/accounting. He told nobody about it and thought he could either get them back or make up for the missing coins in some other way. Some attempts to recover or replace them we're partially successful and other attempts made the problem even worse. As the situation got more desperate, Mark resorted to greater and greater violations of ethical behavior until he could no longer even operate as a fractional reserve due to cash flow completely drying up.

It is very likely that the vast majority of depositors funds are gone forever, and not just the crypto. The willybot could have very plausibly been Mark buying goxBTC at ABOVE market rates just to keep the exchange operating and BTC withdrawals functioning until a miracle occurred and the lost coins were recovered, or until a new source of revenue could be found to sustain operations and keep the charade going.  Mark's failure to own up to his mistakes turned a substantial but survivable problem into a colossal life-destroying disaster for him and many of his customers. Despite this, he is STILL not owning up even though nobody but the most deluded wishful thinkers believe their is any hope of recovery. At first he didn't ask for help out of pride or embarrassment, but now he must subconsciously know that there is no way out. Denial is all he has left. In this context, his behavior makes sense. It is the only context in which his behavior makes sense.

There is no coming back for Gox. The damage is catastrophic. The point of no return happened months ago if not years.

we don't wish for gox to come back, we wish for funds to be recovered, it is a really bad advertisement for Bitcoin at this point, all the progress will be crushed with this, regulators will want to hit hard anyways... and some people lost life changing amount of funds.

No, I didn't lose any funds in gox BS, but I feel for those who did and I wish for this to be fixed.

[CoinDox]

I am going to stick my neck out there and say short now... This wall will be taken off soon.

[seleme]

The thing about Jorge is that he’s a provincial academic. In a country outside the G8, at that. Like most minor academics, especially in middle age, there is a tendency to bitterness which they are self-aware enough to hide. They are the losers and they know it.

At one point the potential must have seemed endless. Imagine being in California in the early 80s, studying Math or Computing at Stanford – what possibilities! The world ready throw billions at you and your contemporaries! Who wouldn’t start a company? Who wouldn’t invest in friends? Who wouldn’t risk just a little in their own future?

No, play it safe. Rise above the crass entrepreneurialism. Teach. Head back to a salary, with a pension. You could have done well, of course, if you’d wanted to, but the guiding, year after year, of smiling young faces was its own reward.

And now, another tech revolution unfolds in front of you. You have the understanding and the ability to invest time or money into the idea. But wait – actual involvement? Wet feet? Action? No, no, no. Not me. That would just emphasise all my other missed chances.

No, I’ll snipe from the safety of my tenure. I could have partaken, honestly, but I’m better than that. I’m aware of it, but above it, because, well, I’m an academic.

You have the talent, the time and resources. But you won’t even buy one coin to see what it’s about. You’re wasting your time and ours in a desperate bid to show some kind of superiority. You’ve taken enough advice and explanation with nothing of interest coming back. You’ve had your moment in this thread, presumably because it’s the busiest, but you should have the decency to set up your own and see if anyone will follow and care there.

Exactly, I said few days ago he is more educated version of my father and guys like him.

[keithers]

With Gox gone, I don't see why we won't shoot right back to $750 where we left off pre-goxacalypse.

Because people would need to place buy orders and clear off all the sell orders all the way up to that price.   The Gox failure has definitely caused some potential new (and uneducated) investors to hold off and sit on the sidelines.

I think the other reason is that even a good percentage of experienced bitcoin users are also sitting on the sidelines just waiting to see what develops because they don't want to buy into what they feel is a trap.

[Walsoraj]

On ask side now? Someone is playing musical walls.  

[tarmi]

and thats about it.

[versace]

all aboard???

[KFR]

@Jorge Please feel free to ignore the personal nonsense people fling at you.  I'm sure most of us would be way ahead of you on that score.

[Tyson95]

Same guy from BFX back for round 2, think he's gonna get it to 620+

[CoinDox]

And the wall was not pulled but eaten! 

[ChrisML]

Same guy from BFX back for round 2, think he's gonna get it to 620+

DO ET.

[Tyson95]

And the wall was not pulled but eaten! 

By himself, pretty sure he's playing with 5k+ right now

[barbs]

what. is . going. on.

[Walsoraj]

And the wall was not pulled but eaten! 

Doesn't count as "eaten" if the buyer and seller are the same. 

[jojo69]

wow

[Walsoraj]

what. is . going. on.

Happens daily. Don't act surprised. 

[TERA]

I need some advice from Sun Tzu.

[CoinDox]

And the wall was not pulled but eaten! 

Doesn't count as "eaten" if the buyer and seller are the same. 

@ .2% comission that is still 1,600 dollars and for what?

[virtualfaqs]

I got 2 Apostille Docs that put me back $30 for Mtgox Level 2 verification. Should I bother sending them?         I want to be ready with big withdrawals when Mtgox comes back.