600watt
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February 28, 2014, 05:44:04 PM |
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Fortress Financial Group, a publicly-traded asset manager with a market value of $4.26 billion, reported its 2013 results yesterday—and its biggest investment loss was bitcoin. in my opinion it is a good thing that big money is getting in. so thumbs up for fortress. but.. but... to effectivly create your biggest loss of all assets in bitcoin during 2013 is an outstanding example of bad timing.
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JorgeStolfi
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February 28, 2014, 05:46:44 PM |
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there is CNY trading on ripple, are they not able to get out this way?
I am not sure I understand the question. You mean, buy XRP with CNY, withdraw the XRP, and sell it on some non-Chinese exchange? They can do that with BTC too, but it is not "taking CNY out of China" nor "bringing USD into China".
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tailor
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February 28, 2014, 05:47:32 PM |
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The amateurish way those coins were dumped suggest he didn't. Whoever got those BTC near $400 knew exactly what they were doing. I expect the 10K whale to get back in ABOVE his dump price.
Assuming it wasn't a dump of stolen coins.
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hdbuck
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February 28, 2014, 05:52:49 PM |
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Anyone know Japanese bankruptcy law?
Someone recently posted (yesterday?) a booklet, for foreigners, explaining the main aspects. at your service ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Basically, Mark is going to walk free (at the very least in Japan), there is no recourses possible against him, he just had to bow few secs and he's good to go. And i think that's just why he decided to move there back in 2011... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) remember that 10k whale on stamp jsut before gox went offline? things will get dirty sooner or later.
has he bought back in yet? Doesnt felt like he did. Why would he anyway? Maybe he just needed cash to buy himself a nice house.. I expect someone with that much BTC to have much more anyway. no need to rush back in.
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billyjoeallen
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February 28, 2014, 05:54:51 PM |
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The amateurish way those coins were dumped suggest he didn't. Whoever got those BTC near $400 knew exactly what they were doing. I expect the 10K whale to get back in ABOVE his dump price.
Assuming it wasn't a dump of stolen coins. The operators at Bitstamp know who the whale is. If it turns out they were stolen, he will have a lot of questions to answer. With Gox out of the way, stamp will fall under the microscope in the coming months. It will be interesting to see how they handle the limelight.
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gimme_bottles
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February 28, 2014, 05:55:05 PM |
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the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that -bitcoin was hacked- forged bitcoins are circulating -the central bank of bitcoin (mtgox) went bankrupt http://www.handelsblatt.com/9534814.html ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I hope that is a google translate fail.. If not wow on the fud factor. Nope, he really said that. I sent him a mail explaining his errors and gave him the advice to ask someone from the community if he has the intentions to write another article or make another video.
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Loozik
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February 28, 2014, 06:00:08 PM |
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aminorex
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February 28, 2014, 06:00:51 PM |
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The only way to get money in or out of the exchanges is in CNY throught Chinese banks. Any profits the Chinese traders may make are in CNY and come out of the pockets of other Chiense traders. That is true even for traders who do arbitrage between China and the rest of the world.
there is CNY trading on ripple, are they not able to get out this way? CNY or merely mislabelled CNH? I guess it doesn't really matter, you can just arrange CNY/CNH swaps these days. RMB are effectively fully internationalized for everyone who really wants them to flow cross-border. It's only compliant corporates and ignorant retail that can't move RMB.
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600watt
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February 28, 2014, 06:01:24 PM |
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the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that -bitcoin was hacked- forged bitcoins are circulating -the central bank of bitcoin (mtgox) went bankrupt http://www.handelsblatt.com/9534814.html ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I hope that is a google translate fail.. If not wow on the fud factor. Nope, he really said that. I sent him a mail explaining his errors and gave him the advice to ask someone from the community if he has the intentions to write another article or make another video. good move !
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yrtrnc
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February 28, 2014, 06:01:41 PM |
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I do not think they will resume anytime soon!
Why? I feel there are deeper issues than what they are revealing since they always seem to have an excuse to prolong the process of fixing the problem. And the fact that they are putting blame on others shows that they are trying to hide the obvious by trying to focus the attention elsewhere. Quoting myself
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 28, 2014, 06:02:56 PM |
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sonofliberty
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February 28, 2014, 06:07:17 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.directupload.net%2Fimages%2F140228%2Fdpfi33oy.jpg&t=665&c=t8JQoNJPfdfCgg) Come on. Break out!
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ChrisML
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February 28, 2014, 06:07:56 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.directupload.net%2Fimages%2F140228%2Fdpfi33oy.jpg&t=665&c=t8JQoNJPfdfCgg) Come on. Break out! This.
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empowering
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February 28, 2014, 06:13:31 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.directupload.net%2Fimages%2F140228%2Fdpfi33oy.jpg&t=665&c=t8JQoNJPfdfCgg) Come on. Break out! This. Like this ? Disco style? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi139.photobucket.com%2Falbums%2Fq282%2Fmagicaltrevor09%2FBreakdancinTeddy.gif&t=665&c=ZutfMOh_8FkAMQ)
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pera
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February 28, 2014, 06:13:54 PM |
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hah well, unemployed, in foreign country, and today I understand that a lose almost $10000 dollars.. now drinking a heineken while reading tons of crazy theories about how mtgox could lose all those btcs.
damn x)
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flynn
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February 28, 2014, 06:15:13 PM Last edit: February 28, 2014, 06:41:59 PM by flynn |
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Where is the chapter where they explain how they'll slice him into pieces with a Katana ?
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flynn
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February 28, 2014, 06:19:12 PM |
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to effectivly create your biggest loss of all assets in bitcoin during 2013 is an outstanding example of bad timing.
They probably day-traded it instead of hodling ...
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JorgeStolfi
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February 28, 2014, 06:20:20 PM |
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Basically, Mark is going to walk free (at the very least in Japan), there is no recourses possible against him
I understand that he filed for bankrupcy, not reorganization, is this correct? I can believe that he may not suffer any other punishment for the insolvency itself (i.e. for being an incompetnent manager and losing investors money because of that). However I suppose that he still may be prosecuted criminally if it is found that he did any fraudulent management, such as withdrawing profits for himself while the company was insolvent, or faking technical problems to prevent withdrawals. Is there such crime in Japan? Does the bankruptcy proces exclude it? And i think that's just why he decided to move there back in 2011... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Wow! Indeed...
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podyx
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February 28, 2014, 06:24:34 PM |
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btw, am i the only one who has noticed fonzie and mah87 has been extremely quiet since we went up from $400? LOL ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.flixya.com%2Ffiles-photo%2FB%2Fl%2Fa%2FBlackbird-2274396.jpg&t=665&c=GGtjc0UGml9RCA)
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600watt
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February 28, 2014, 06:26:55 PM |
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btw, am i the only one who has noticed fonzie and mah87 has been extremely quiet since we went up from $400? LOL ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.flixya.com%2Ffiles-photo%2FB%2Fl%2Fa%2FBlackbird-2274396.jpg&t=665&c=GGtjc0UGml9RCA)
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