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

[TakeTheSkyRoad]

yes then you are at the wrong thread, this is called  "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion", we come here to study and speculate about the price movements and trading opportunities.

please stop spamming the thread with stop trading and hold and stop trashing people trying to make a constructive debate here.

Wow, you almost make this forum sound like a place for serious discussion !

[mmitech]

@mmitech

If I remember correctly, you were one of these guys who was saying "to da moon". What happened now that you turned? Missed the bottom? Sold @400?

I was shouting out to the moon till 700, all my calculations and predictions suggested that we wont drop below that but once we did, I sat down and went back read all what I wrote and what others did, look for few days to charts and other things... and I came to the conclusion that I was so wrong.

I told people here that we were going to test 400 in a couple of days and they trashed me so hard but we did and I made profits of that, and they are doing the same now, but never mind I will be doing just fine the next couple of months

[mmitech]

yes then you are at the wrong thread, this is called  "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion", we come here to study and speculate about the price movements and trading opportunities.

please stop spamming the thread with stop trading and hold and stop trashing people trying to make a constructive debate here.

Wow, you almost make this forum sound like a place for serious discussion !

it was once...

[zyk]

At this point, there are two outstanding principal questions:

Who took the money?

When was the money taken?

As the Gox wall observers still refuse to answer those questions concruently the market stays as dump as fuck...

like it was when withdrawls were halted and buttcoin traded up to 980 dollars on Gox !

disclaimer : when asking to carry my bag you are welcome

[ChartBuddy]

Explanation

[MickeyT2008]

edit: LOL thank you for the link: "BEETOCOINAH"

Mount-o-goxah

Bear Grylls could probably make a stack of bitcoins using just a few sticks

[flipNstack]

I said from day one this was an inside job, and the actions of those behind gox speak louder than any statements they have made.  People seem so blind with these pointless discussions about gox was robbed, karples is incompetent, or how can they so many coins get stolen over such a long period with no one noticing...  this all makes me lol at how stupid you are...

only a thief who has no funds to repay his depositors, keeps allowing deposits while closing withdrawals, and they allow this to happen for weeks until some kind soul sheds light on this situation, and immediately after gox shuts down their website and closes their doors... and throughout this entire process they never make any real attempt to contact their customers for some type of information...

they didnt get robbed, they robbed you.. and this stains btc and its not going away until those robbed by karples(and his crones) are made whole and confidence restored in the system... other than that I say buttfuckthem

+1

They should all be hanged or go directly to jail for the rest of their lifes.

yes buttfuckthem

[Solarstorm75]

At this point, there are two outstanding principal questions:

Who took the money?

When was the money taken?

As the Gox wall observers still refuse to answer those questions concruently the market stays as dump as fuck...

like it was when withdrawls were halted and buttcoin traded up to 980 dollars on Gox !

disclaimer : when asking to carry my bag you are welcome

I'm afraid the market will decide "Show must go on!", because there are a lot of profits still not taken from the sheeples.

Btw: I appreciate your postings very much!

[zyk]

If you want to know who to buttfuck just watch out for the trading records and accounts who sold all those

fantastic gox-btc under 300 bucks at the time.....but as long as things went on...am sure that the traces

are swept already. Pity us just buttfuck ourself as bitcoin is toast !

[JorgeStolfi]

There's one difference between MtGOX and the many previous bitcoin scams like it (apart from sheer size).  This time it was not some unknown guy in China or Brazil, but a major player in the bitcoin community, one of the founding members of the Bitcoin Foundation.

Seen from here, it seems that all the "core developers" and other key figures in Bitcoinland were, to some degree, friends of Mark, and had much admiration for him and MtGOX.

Now I wonder if there is anyone in that community that can be trusted.  Are their statements, leaks, and deductions genuine --- or are they merely half-truths and lies intended to offset their previous support of MtGOX, perhaps even cover-up their own complicity in the "operation"?   

[oda.krell]

@mmitech

If I remember correctly, you were one of these guys who was saying "to da moon". What happened now that you turned? Missed the bottom? Sold @400?

I was shouting out to the moon till 700, all my calculations and predictions suggested that we wont drop below that but once we did, I sat down and went back read all what I wrote and what others did, look for few days to charts and other things... and I came to the conclusion that I was so wrong.

I told people here that we were going to test 400 in a couple of days and they trashed me so hard but we did and I made profits of that, and they are doing the same now, but never mind I will be doing just fine the next couple of months

Since criticism is prevalent, and encouragement, hm, less often happens: let me say that I enjoy reading your posts. And being wrong in the past is no reason for me to change that impression -- it's being *aggressively* wrong that gets on my nerves (i.e. when you can't own up to your failures).

[gizmoh]

Bitcoin : Invest in stolen money

So bullish to new investors..

[magicmexican]

with macD's going down i think 520$ is coming. But i really cant image market reacting too too bad on a basic of these "news", i thought it was pretty clear anyway whats going to happen, so its not a real market mover.

[yrtrnc]

As I see it, its very difficult to see how the market will react. Id say that the market has absorbed the bad news over the past weeks and will not react to badly to the current news as it was pretty much expected. I do not see us going down much further. Best to wait to see. So hodl!

[seleme]

I'm afraid we have one more leg down, not mainly because of Gox bankruptcy news but overall, it didn't look last 2 days we're ready for new rally. Gox news could just help a bit for that feeling.

But since even I am finding myself thinking where it will stop than reversal probably isn't too far.

[HairyMaclairy]

Obviously they are not counting BTC liabilities if they say only $64 million in liabilities but 720,000 missing coins.

Which suggests fiat getting paid out but not coins...

[oda.krell]

I'm afraid we have one more leg down, not mainly because of Gox bankruptcy news but overall, it didn't look last 2 days we're ready for new rally. Gox news could help a bit.

But since even I am finding myself thinking where it will stop than reversal probably isn't too far.

My thoughts as well. The "recovery" already seemed to get stuck yesterday night, and with further price development of today, it's starting to look like we're leaning towards downward breakout.

[MANofthePEOPLE]

550 seems fairly well defended, unlikely we'll breach it?

[Solarstorm75]

There's one difference between MtGOX and the many previous bitcoin scams like it (apart from sheer size).  This time it was not some unknown guy in China or Brazil, but a major player in the bitcoin community, one of the founding members of the Bitcoin Foundation.

Seen from here, it seems that all the "core developers" and other key figures in Bitcoinland were, to some degree, friends of Mark, and had much admiration for him and MtGOX.

Now I wonder if there is anyone in that community that can be trusted.  Are their statements, leaks, and deductions genuine --- or are they merely half-truths and lies intended to offset their previous support of MtGOX, perhaps even cover-up their own complicity in the "operation"?   

You forgot to mention the dump selling on gox (probably from insiders) since end of January 2014.


That's the point BTC won't work for me anymore. I dont trust it. I don't trust any exchanges anymore. But Bitcoin is based on trust only.

[JorgeStolfi]

The news say that MtGOX lost 750,000 BTC belonging to clients but has only 80 million USD in "liquid liabilities".  That means 1 BTC = 100 USD approximately.  Are they valuing each BTC deposit with the price at the time the deposit was made?  Or are they using the MtGOX price at closure? 

The first option might make some sense (i.e. any virtual profits made by clients inside MtGOX would be ignored, only their actual investments would matter).  However it seems hard to implement since many of those coins have been exchanged by USD by trading inside MtGOX.  E.g., the guy who deposited 500$ and used that to buy 1 BTC, that someone else deposited when price waas 100$, should be counted as a 500$ creditor, not a 100$ creditor.  I don't see hou that mess could be sorted out.

The second option would be quite unfair, to say the least, since the price at the time of MtGOX's closure was the result of some clients who guessed the situation desperately trying to convert their BTC to dollars in order to improve their chances.  (It may be much worse than that, if MtGOX themselves were trading so as to drive the price down -- as some "rumourporters" have suggested.)