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

[JayJuanGee]

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ?  You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still.  I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive.  So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe  

[billyjoeallen]

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ?  You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still.  I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive.  So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe  

Good, anger- that's the next stage. You're making progress.

[KeyserSoze]

Anyway, you think Guinness is a beer...your opinions are highly fallacious.   

Agreed!

[seleme]

Are you ready to be filthy rich? 

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

[fotosonics]

Looking at the buy pressure, feeling a lot like Sam Rockwell's character in "Galaxy Quest"

--"Um, there's a... red thingy... moving kinda fast towards the...green thingy"

Yep, I am a newbie when it comes to TA. But I am learning from this thread.

[fotosonics]

Are you ready to be filthy rich? 

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

Well, I guess I could try to handle it...

[JayJuanGee]

The bull case is being shouted down, but not by quality arguments. Look at the chart. I'd like to get a TA analysis by someone like TERA or another respected chartist. It looks ready to break out to the upside to me.

We CANNOT go upside with all this GOX uncertainty still looming in the public eye... even if some people here believe that the evidence is unambiguously clear.  The public information remains far from clear... at this point... so I predict the top that we can get would be below $700... absent some resolution regarding the GOX situation.

[billyjoeallen]

Where's all the TA chartists tonight? isn't this a pennant formation? http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu

Second Market exchange is going to be huge.

[JayJuanGee]

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ?  You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still.  I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive.  So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe  

Good, anger- that's the next stage. You're making progress.

NOW you are engaging in attacking the person and making labels rather than talking substance...   Maybe you are just arguing for the sake of it b/c you have made NO point, yet.. except to make attempts at criticizing me in some kind of aloof way... what is your point, exactly?  You are acting as if you has some high and mighty inside knowledge or what?    If so, give me your sources.

[JayJuanGee]

Are you ready to be filthy rich? 

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

Well, I guess I could try to handle it...

What do you mean by "filthy" rich?  Define "Filthy." 

[billyjoeallen]

The bull case is being shouted down, but not by quality arguments. Look at the chart. I'd like to get a TA analysis by someone like TERA or another respected chartist. It looks ready to break out to the upside to me.

We CANNOT go upside with all this GOX uncertainty still looming in the public eye... even if some people here believe that the evidence is unambiguously clear.  The public information remains far from clear... at this point... so I predict the top that we can get would be below $700... absent some resolution regarding the GOX situation.

Newbie, it's the bears that are uncertain. That's why they will blink first. The bulls have all the information they need.

[billyjoeallen]

NOW you are engaging in attacking the person and making labels rather than talking substance...   Maybe you are just arguing for the sake of it b/c you have made NO point, yet.. except to make attempts at criticizing me in some kind of aloof way... what is your point, exactly?  You are acting as if you has some high and mighty inside knowledge or what?    If so, give me your sources.

*sigh* I have in insight into human nature that others with the same insight recognize and others don't. Mark's behavior is only fathomable given one scenario, the one I outlined in multiple previous posts. I also have enough insight to predict that you find my evidence an reason insufficient and will continue to do so until the whole story comes out, but by then BTC will be several hundred dollars higher than now.

I know that sounds arrogant and condescending. I'm sorry. I'm not known to play well with others.

[ChartBuddy]

Explanation

[JorgeStolfi]

Did you buy 1 bitcoin yet? That would make for some excitement

No.  And I must confess to something much worse than pontificating on bitcoin without ever having used it:

        I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve.  Would you volunteer?

[pmorici]

Be wary of the two-bit idiot guy. Just found some CONFIRMED bullshit in his gox blogs.

He says in this post from Wednesday 26th http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mt

SecondMarket was, in fact, approached by Mt. Gox some time last weekend.  Mark Karpeles approached Barry Silbert to solicit an acquisition offer, and it seems likely that Silbert, who had already committed privately to building a US-based exchange bitcoin exchange, jumped at the opportunity to explore the deal.

However, when the magnitude of the theft and potential fraud became free, Silbert and his team quickly pulled out of discussions, sent an email to all employees over the weekend banning them from buying or selling bitcoin indefinitely, and most likely reported the suspicious activity to the authorities.  As a regulated entity that probably signed a non-disclosure agreement before learning the full extent of the Mt. Gox damage, SecondMarket would have had no other choice, but to keep this out of the public eye, even if it was acting honestly behind the scenes.

But if you look at the numbers from the BIT thread you'll see that they've bought over 500 bitcoins this week.

https://bitcointalk.org/index.php?topic=337486.msg5398518#msg5398518

Pretty sure he means that they were prohibited from trading for their personal accounts just like the employees of a hedge fund would be prohibited from trading in stocks that they might get special access to information to through their jobs.  That isn't a comment on SecondMarket's activities as I read it.

[seleme]

Did you buy 1 bitcoin yet? That would make for some excitement

No.  And I must confess to something much worse than pontificating on bitcoin without ever having used it:

        I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve.  Would you volunteer?

You're going to hate yourself when you read back your posts here in year or two. Oh boy.. 

[FNG]

 

[seleme]

wow, almost all records broken. and then people find it odd why price went up so much after crash.

[billyjoeallen]

Did you buy 1 bitcoin yet? That would make for some excitement

No.  And I must confess to something much worse than pontificating on bitcoin without ever having used it:

        I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve.  Would you volunteer?

Academic trolls are called "sophists", correct? You already admitted to me that you cannot be convinced. I shouldn't bother trying, remember? That is not academic skepticsm which is intellectually healthy. That's psudointellectualism and prolly a little evil thrown in. The discomforting cognitive dissonance due to you presence here is known to you and felt by us. I don't like you. Perhaps that's the effect you wish to have.

[fotosonics]

Did you buy 1 bitcoin yet? That would make for some excitement

No.  And I must confess to something much worse than pontificating on bitcoin without ever having used it:

        I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve.  Would you volunteer?

Yes sir, I did volunteer, and for a bigger gap than jury duty. Not necessarily one that I'd want to go back to, with any sanity anyway.

But kudos to you for a methodical and thorough approach.