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

[ChartBuddy]

Explanation

[barbs]

The slob can't even button up the top of his shirt he's so fat from all the money he's robbed people off.

BTC madoff. Great.

[KeyserSoze]

750,000 customer bitcoins stolen & 120,000 company bitcoins stolen.

Whew, that's good news. I was afraid it was a million coins stolen. 

[Asrael999]

i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic

I dont think they would dump them now!

If they were stolen as long ago as people are suggesting (2011/12) then the chances are that they have already been sold.

[dreamspark]

Unbeleivable, wheres the explanation, hell wheres the proof.

"Le bitcoins are lost, that is all" - MK

But seriously now its all out in the open what has he got to hide. Hes saying that someone hacked the system and but is unable to press charges for it, well then 'accidently' leak the persons details and we can maybe recover some coins 

[barbs]

This is a response i got from a ticket about my stuck btc in early feb

MTGOX, Feb 04 08:23:
Dear Valued Customer,

We apologize for the delay in reply. We can see that your withdrawal is yet to be processed. The transactions are being re-issued automatically.All BTC are safe ,the transaction will be processed and they are not lost or stolen.We are working to resolve the issue, but at this point we are unable to give a definite date of resolution.Please be advised that BTC on MtGox are not fractional.

We apologize for the inconvenience this may have caused and Thank you for your patience.


Best regards,

MtGox Team
https://www.mtgox.com

[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers.
Please visit https://mtgox.com/security]

[Loozik]

i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic

I dont think they would dump them now!

If they were stolen as long ago as people are suggesting (2011/12) then the chances are that they have already been sold.

Exactly. These stolen / inside job btcs have already been in circulation for a long time and are reflected in the prices on other exchanges. This is not a bullish news.

In case privkeys were lost - that would be pro-bullish.

[yrtrnc]

Unlike in Western societies, where a public apology is taken as an admission of guilt

I'll take that as a admission of guilt, no you ?

He reminds me of a scene in delirious when eddie murphy says "Now I'm gonna bend over. And when I do, start fuckin'! Here I go!"

http://youtu.be/egoDQv43hAw?t=2m31s

[Flatulenters]

I'll take that as a admission of guilt, no you ?

yes, but guilty of what? stealing or losing.

I wasn't making an opinion. i was just trying to tell that according to japanese culture he had to do this

[chrisLG]

Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

[KeyserSoze]

I don't want to lose 1 hour searching for some information in which I know someone of you here did already mention 20 pages ago...
any take on this, anyone can tell me more or give me a link ?

Isn't this like the fifth time you've posted something to the effect of "i just woke up and don't want to waste my time reading this thread or bothering to Google the info so could someone else waste his time feeding me a recap?"

[dreamspark]

I lol'd

[dreamspark]

Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

[zyk]

Unlike in Western societies, where a public apology is taken as an admission of guilt

I'll take that as a admission of guilt, no you ?

He reminds me of a scene in delirious when eddie murphy says "Now I'm gonna bend over. And when I do, start fuckin'! Here I go!"

http://youtu.be/egoDQv43hAw?t=2m31s

He is laughing his ass off about all bitcoiners while doing this, as he and his cronies sold them for 100-300 bucks
 
already and now they short the hell out of the craptofuck at bitstamp. Smart-asses

[Loozik]

Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

This!

[KeyserSoze]

If he indeed were such an evil mastermind he'd have found a fall guy to blame.

So it would be perfect if Gonzague Gay-Bouchery pulled the heist then.

[chrisLG]

Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

Yes - but a lot of market actors actually have less Bitcoin than they previously thought (everybody with balances at gox). All those that want to replenish their positions will exert buying pressure on the market. Or am I missing something here?

[barbs]

Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

Yes - but a lot of market actors actually have less Bitcoin than they previously thought (everybody with balances at gox). All those that want to replenish their positions will exert buying pressure on the market. Or am I missing something here?

You're assuming that these people who had massive balances on gox (early adopters, whoever) and were cut off to those overnight are able to put the same funds on other exchanges absorbing that hit I guess

[TERA]

Where is "CCMF" now??

[gizmoh]

unbelievable that he allowed trading to continue when he knew that the btc coffers were empty, JUST TO LOWER HIS LAST PRICE and cut his liabilities into 1/10th when his company was dissolved.

That is absolutely f'd up.  

The most criminal part was to continue allowing deposits, sucking in millions more from gullible investors seeing cheap $100 coinz.