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

[explorer]

What the hell has happened to the momentum chasers and TA chartists? On the way down, they would not shut up and now they are conspicuously quiet. This is the TA thread and there has been no TA for pages.

yes, I've been scrolling through a veritable forest of "this user is currently ignored." with little TA to break it 

[CoinDox]

Why are mtgox developments still this big subject here? I thought we were just going to let mtgox die already and recover without it.

The recovery is slow and boring. Train wrecks are morbidly interesting.

Well, I think it is worth discussing exactly what happened so that we are not doomed to repeat it again.

[TERA]

Why are mtgox developments still this big subject here? I thought we were just going to let mtgox die already and recover without it.

I also see that some people have trouble burying their head in sand. It's weird, because usually everyone are doing it so well.
I think that someone should post a detailed guide how to do it, so we could all just deny that mtgox ever existed and continue to chant choo choo without interruptions.

I'm not saying we need to pretend like gox doesn't exist, but rather we need to acknowledge that we've moved on from gox. When I saw the price make a strong rebound from 400 during the gox crash and start recovering on its own, I was incredibly bullish. I thought "here we are, the worst has happened, and the whales are still buying. this the bottom, even with all the bad news about gox priced in and with gox completely gone. now we can move on into a new era of recovery and a new rally. bitstamp is now leading, using entirely strength from bitstamp". The price was doing perfectly fine on it's own. A slow, steady, and strong recovery would have been perfect. We don't need to add accessories like "gox might recover" and pump the price to ridiculous levels right away. All this does is add more drama and uncertaintly, and now the neverending story continues. It is a de-evolution. Now I am back in the same situation I was in for the previous 4 weeks when I was bearish instead of bullish.

[CoinDox]

Why are mtgox developments still this big subject here? I thought we were just going to let mtgox die already and recover without it.

The recovery is slow and boring. Train wrecks are morbidly interesting.

Well, I think it is worth discussing exactly what happened so that we are not doomed to repeat it again.

If you aren't the sole controller of your private keys, you don't have any bitcoins.

Follow that simple rule and you will not be doomed to repeat it again.

True, luckily I came away unscathed (actually slightly richer) from this whole thing so have a +1

[hmmmstrange]

Why are mtgox developments still this big subject here? I thought we were just going to let mtgox die already and recover without it.

I also see that some people have trouble burying their head in sand. It's weird, because usually everyone are doing it so well.
I think that someone should post a detailed guide how to do it, so we could all just deny that mtgox ever existed and continue to chant choo choo without interruptions.

I'm not saying we need to pretend like gox doesn't exist, but rather we need to acknowledge that we've moved on from gox. When I saw the price make a strong rebound from 400 during the gox crash and start recovering on its own, I was incredibly bullish. I thought "here we are, the worst has happened, and the whales are still buying. this the bottom, even with all the bad news about gox priced in and with gox completely gone. now we can move on into a new era of recovery and a new rally. bitstamp is now leading, using entirely strength from bitstamp". The price was doing perfectly fine on it's own. A slow, steady, and strong recovery would have been perfect. We don't need to add accessories like "gox might recover" and pump the price to ridiculous levels right away. All this does is add more drama and uncertaintly, and now the neverending story continues. It is a de-evolution. Now I am back in the same situation I was in for the previous 4 weeks when I was bearish instead of bullish.

You are welcome to start a topic and prune the posts to support your position.

[Peter R]

Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

[bassclef]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

Thanks. Takaways:

+430% accounts in 2013
1 million verified customers (submitted docs, etc)
demand was growing faster than their infrastructure
definitely planning on implementing Litecoin and possibly other cryptos in the future
partnership w/Mastercard in Canada (test market) for prepaid Bitcoin debit card
planned relaunch of improved website
planned auction site

edit: they were definitely solvent w/projected $925,000 in trading fees & $200,000 in net income from 4/2013 to 3/2014

[deadfi$h]

Define irony:

You are an attention whore.

I'm an actual Bitcoin trader and enthusiast on a Bitcoin forum, whatever my faults may be.

What the hell has happened to the momentum chasers and TA chartists? On the way down, they would not shut up and now they are conspicuously quiet. This is the TA thread and there has been no TA for pages.

TA is saying pennant with a bias towards the upside. Volume is saying go to sleep.

[macsga]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

Thanks. Takaways:

+430% accounts in 2013
1 million verified customers (submitted docs, etc)
demand was growing faster than their infrastructure
definitely planning on implementing Litecoin and possibly other cryptos in the future
partnership w/Mastercard in Canada (test market) for prepaid Bitcoin debit card
planned relaunch of improved website
planned auction site

edit: they were definitely solvent w/projected $925,000 in trading fees projected for March 2014 & $3,900,000 in net income.

They 're seriously running out of time (if any of the above is really true, that is)...

[bassclef]

They 're seriously running out of time (if any of the above is really true, that is)...

Agreed. I edited the net income #s but still, yeah.

[jl2012]

Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

I'm pretty surprised to learn he still has a sizable amount there. There was plenty of chance to arbitrage and get out in the last bubble, even with profit.

[CoinDox]

TA is saying pennant with a bias towards the upside. Volume is saying go to sleep.

And when I do that is exactly when things will heat up  

*edit: I really do not see any catalyst for moving higher though - full Disclosure: I have a short open

[KeyserSoze]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

Thanks. Takaways:

+430% accounts in 2013
1 million verified customers (submitted docs, etc)
demand was growing faster than their infrastructure
definitely planning on implementing Litecoin and possibly other cryptos in the future
partnership w/Mastercard in Canada (test market) for prepaid Bitcoin debit card
planned relaunch of improved website
planned auction site

edit: they were definitely solvent w/projected $925,000 in trading fees & $200,000 in net income for March 2014

- Jared still owns 12%

[smashing]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

$2 million in profit in the current fiscal year? And all the hassle, risk and aggravation? Remind me never to go into the Bitcoin business.

[bitcodo]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

Thanks. Takaways:

+430% accounts in 2013
1 million verified customers (submitted docs, etc)
demand was growing faster than their infrastructure
definitely planning on implementing Litecoin and possibly other cryptos in the future
partnership w/Mastercard in Canada (test market) for prepaid Bitcoin debit card
planned relaunch of improved website
planned auction site

edit: they were definitely solvent w/projected $925,000 in trading fees & $200,000 in net income from 4/2013 to 3/2014

Sometimes it looks as Mark really just couldn't handle all of the growth. Maybe he was a bit paranoid and didn't want outsiders to work on important stuff, but was simply just too much work for him and everything collapsed.

[hmmmstrange]

http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017

Thanks. Takaways:

+430% accounts in 2013
1 million verified customers (submitted docs, etc)
demand was growing faster than their infrastructure
definitely planning on implementing Litecoin and possibly other cryptos in the future
partnership w/Mastercard in Canada (test market) for prepaid Bitcoin debit card
planned relaunch of improved website
planned auction site

edit: they were definitely solvent w/projected $925,000 in trading fees & $200,000 in net income for March 2014

What i found interesting was that they were looking for investors with this plan, not looking to sell.

[Loaded]

Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

I'm pretty surprised to learn he still has a sizable amount there. There was plenty of chance to arbitrage and get out in the last bubble, even with profit.

It was not sizable enough to warrant a flight to Japan. However, it is sizable enough to ruin my weekend.

[Peter R]

Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

I'm pretty surprised to learn he still has a sizable amount there. There was plenty of chance to arbitrage and get out in the last bubble, even with profit.

I was quite surprised too, but he did like to splash around at MtGox from time to time.  Perhaps a 'sizeable amount' is still only a small percentage of his and his clients' portfolio.

But this brings up a good question: if a whale loses a large chunk of their bitcoins due to MtGox, would then tend to purchase more to bring their overall portfolio to the same % bitcoin?

[TERA]

I don't understand why ANY of you here would still have funds on mtgox. Mtgox has had blatant liquidity and management problems and been the running joke of this community for almost an entire  YEAR. I removed my funds in AUGUST. We had passed mtgox off as no longer relevant and a facade months and months ago and now suddenly it's a big deal again?

[macsga]

Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

I'm pretty surprised to learn he still has a sizable amount there. There was plenty of chance to arbitrage and get out in the last bubble, even with profit.

It was not sizable enough to warrant a flight to Japan. However, it is sizable enough to ruin my weekend.

Same here (at A VERY LOWER level, of course...)