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

[Asrael999]

might be a useful read

http://www.bingham.com/Publications/Files/2012/02/A-Practical-Guide-to-Japanese-Insolvency-Procedures

[Flatulenters]

is this the biggest theft in history?

Biggest theft in history was the bail out of the banking system 2008. They took it while getting bonuses.

OK, OK, the biggest non-legal theft 

http://www.kyivpost.com/content/politics/yatseniuk-yanukovych-administration-robbed-ukraine-of-70-billion-337772.html

[seleme]

is this the biggest theft in history?

Biggest theft in history was the bail out of the banking system 2008. They took it while getting bonuses.

OK, OK, the biggest non-legal theft 

http://www.kyivpost.com/content/politics/yatseniuk-yanukovych-administration-robbed-ukraine-of-70-billion-337772.html

That's legal too, politicians are doing it since Jesus time.

[slovenc]

how do you think will this news about stolen bitcoins affect at the market...for me it looks like rebound arround 550$ and then bullish.

[nakaone]

I believe the most important news now is what happened to the 750k btc (+120k gox)

Did they confirm they were in fact stolen and when it happened?

it makes absolutely no sense that 750k coins are stolen

[raid_n]

I believe the most important news now is what happened to the 750k btc (+120k gox)

Did they confirm they were in fact stolen and when it happened?

it makes absolutely no sense that 750k coins are stolen

Look I agree it is unbelievable but with screw ups on this magnitude no one WANTS it to be true.

The most important thing is to figure out if they are in fact missing due to theft and if that happened recently and by few entities
If they basically screwed up in a way where many many people got a few extra transactions it is much less harmful than if a few entities
now control 750k+ bitcoin

[MikeH]

is this the biggest theft in history?

Biggest theft in history was the bail out of the banking system 2008. They took it while getting bonuses.

OK, OK, the biggest non-legal theft  

http://www.kyivpost.com/content/politics/yatseniuk-yanukovych-administration-robbed-ukraine-of-70-billion-337772.html

How about the 8.5 trillion that the Pentagon can't account for?

or the 9 trillion missing from the Federal reserve?  gotta love Grayson's questioning.. http://www.youtube.com/watch?v=GYNVNhB-m0o

If revolutions were organic, we should have seen one in the US this last decade.

[billyjoeallen]

I believe the most important news now is what happened to the 750k btc (+120k gox)

Did they confirm they were in fact stolen and when it happened?

it makes absolutely no sense that 750k coins are stolen

Of course Karpeles is going to say they were stolen. He can't very well say he just lost them. He blamed the core protocol. He blames everyone but himself. The relevant matter is that the coins are GONE, and they are not sitting in one big wallet waiting to be dumped.  supply and demand- price is going to go up.

[seleme]

how do you think will this news about stolen bitcoins affect at the market...for me it looks like rebound arround 550$ and then bullish.

Not sure short term, but I have lot of fiat since last night so I may not be objective.

It looked to me last night we don't have steam at the moment to push forward, this may make that even more significant.

[koryu]

what is the source of the stolen coins theory?

i just saw a twitter post from a random guy...

[yrtrnc]

We are looking bullish for the moment. This may be because the news has not been spread yet! It should not come as a surprise that mtgox is bankrupt! But people love to panic!!

[seleme]

what is the source of the stolen coins theory?

i just saw a twitter post from a random guy...

He is the guy who was protesting in front of MtGox offices.

[pinky]

No more dumping ?

[yrtrnc]

I believe the most important news now is what happened to the 750k btc (+120k gox)

Did they confirm they were in fact stolen and when it happened?

it makes absolutely no sense that 750k coins are stolen

Of course Karpeles is going to say they were stolen. He can't very well say he just lost them. He blamed the core protocol. He blames everyone but himself. The relevant matter is that the coins are GONE, and they are not sitting in one big wallet waiting to be dumped.  supply and demand- price is going to go up.

It is obvious he has stolen the coins himself with help from a few others. And has managed (somehow) to fuck with everyone until now. He has been using stalling tactics to steal as many coins as he can. This is one of the biggest heists in history! You would have to be Jesus not to be tempted by such a heist.

[gizmoh]

No more dumping ?

But can you see price picking up on this.
It maybe be a slow grind down, especially with weekend coming..

[MikeH]

It is obvious he has stolen the coins himself with help from a few others. And has managed (somehow) to fuck with everyone until now. He has been using stalling tactics to steal as many coins as he can. This is one of the biggest heists in history! You would have to be Jesus not to be tempted by such a heist.

you don't have to be Jesus when you can be filthy rich without stealing.

[Flatulenters]

No more dumping ?

But can you see price picking up on this.
It maybe be a slow grind down, especially with weekend coming..

hmm, china wants coins badly now i guess...
http://www.zerohedge.com/news/2014-02-27/chinese-currency-plunges-most-over-5-years-biggest-weekly-loss-ever-yuan-carry-trade

[RicePicker]

No more dumping ?

Hard to consider it a dump when the trade volume has been so abysmal.  

[koryu]

what is the source of the stolen coins theory?

i just saw a twitter post from a random guy...

He is the guy who was protesting in front of MtGox offices.

thanks for info.

so if mark really said, they were stolen, we stil dont know if its the truth (if they are stolen or he lost the private key).
but we know that they are gone and gox is not able to recover them anymore. emptygox is empty.

[yrtrnc]

It is time to buy! especially if you support bitcoin. This is not just about making a few bucks shorting here and there. Its bigger. People who support bitcoin must buy now.