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

[QuestionAuthority]

Totally off topic, but I had to share this image from the official US Department of Health and Human Services Facebook page as I couldn't believe my eyes.  

https://www.facebook.com/HHS/photos/a.577318915631772.1073741828.573990992631231/711923322171330/?type=1

Mother of Shit....

I'm glad I've speculated on dogecoin.... this might blow the price through the roof.

what does this have to do with dogecoin?

LMFAO.

I've been a Dogecoin fan, just cause it's awesome. But this... hahaha. If prices rocket I'm sodl my 2 million doges within a heartbeat

The government is making fun of us. Some bureaucrat is laughing his ass off.

[TakeTheSkyRoad]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

[NChosting]

We are currently bearish!?

[zyk]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

OMG they still want to sell 20 % of all traded bitcoin....?  To the the Vietnamese ?

[keewee]

Totally off topic, but I had to share this image from the official US Department of Health and Human Services Facebook page as I couldn't believe my eyes.  

https://www.facebook.com/HHS/photos/a.577318915631772.1073741828.573990992631231/711923322171330/?type=1

Mother of Shit....

I'm glad I've speculated on dogecoin.... this might blow the price through the roof.

what does this have to do with dogecoin?

LMFAO.

I've been a Dogecoin fan, just cause it's awesome. But this... hahaha. If prices rocket I'm sodl my 2 million doges within a heartbeat

The government is making fun of us. Some bureaucrat is laughing his ass off.

Off-topic but there's a theme here. Genuine job advertisement at a power company: http://www.trademe.co.nz/699021572

[beaconpcguru]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

The report specifies unrealized losses

[600watt]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

The report specifies unrealized losses

but with bitcoin todays unrealized losses are the monumental gains of tomorrow... 

[Adrian-x]

I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.

I recommend many of the Alt coins that address your concerns specifically, if they truly are better, you'll make a killing.  

[Adrian-x]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

so they put at least $7,000,000 in at the top. wow, not sure ill invests with these guys.

[wilfried]

I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.

I recommend many of the Alt coins that address your concerns specifically, if they truly are better, you'll make a killing.  

which altcoin isnt scrypt?

[JayJuanGee]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Ninja with balls of STEEL I salute you !!!

awtch

There is NOT even a date on that page... but I suppose that there will be a correlation with other records... and then within GOX there are a lot of records of various transactions and trandes that may have taken place between the date of the deposit and the date of the closing of the exchange.  HOWEVER, I am confident that ONLY a small portion of GOX customers went through the effort to save those various pages of electronic data (even though there were several weeks in which that saving of pages could have been done (between the time of the discontinuance of withdrawals until the time of the shutting off  of the website)..  

[manfred]

I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.

I recommend many of the Alt coins that address your concerns specifically, if they truly are better, you'll make a killing.  

which altcoin isnt scrypt?

Maxcoin SHA-3

[Adrian-x]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

OMG they still want to sell 20 % of all traded bitcoin....?  To the the Vietnamese ?

that's about 20% of the bitcoins traded on any given day during the last bubble.

[TakeTheSkyRoad]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

so they put at least $7,000,000 in at the top. wow, not sure ill invests with these guys.

If you read it the article clearly says $20,000,000

See also here
http://www.coindesk.com/fortress-investment-group-reports-purchase-20m-bitcoin/

[seleme]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Ninja with balls of STEEL I salute you !!!

awtch

There is NOT even a date on that page... but I suppose that there will be a correlation with other records... and then within GOX there are a lot of records of various transactions and trandes that may have taken place between the date of the deposit and the date of the closing of the exchange.  HOWEVER, I am confident that ONLY a small portion of GOX customers went through the effort to save those various pages of electronic data (even though there were several weeks in which that saving of pages could have been done (between the time of the discontinuance of withdrawals until the time of the shutting off  of the website)..  

Gox went down with his 1200 BTC. He was not seen here since he said how much he lost there. Serious shit.

Some guy reported 4200 BTC Gox loss. Shit.

[Adrian-x]

I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.

I recommend many of the Alt coins that address your concerns specifically, if they truly are better, you'll make a killing.  

which altcoin isnt scrypt?

you have lots of homework to do, it isn't the application of script but how it is integrated into the POW or POS system,  NXT is the first one that comes to mind.

[JorgeStolfi]

Good luck proving he got the coins or committed a crime regarding a "virtual" currency that isnt protected by any law worldwide... After all, isnt Bitcoin all about protecting anonymity anyway?

Well, the FBI apparently thinks it can prove such things in the Silk Road cases.

And I believe courts have taken seriously thefts or scams involving intangibles like videogame points and weapons.   As long as there is a legally valid and binding contract, and the customer can prove that the company did not honor it, the court may work, methinks.

[JayJuanGee]

This in just now

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

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.

Wow, to screw up like that they would have bought in after November 15 (say at the peak November 30)  and sold at the bottom December 15)  and dropped around $7 bar into the game and be totally out before Q4 ends.  

Assume they put in the minimum nesesary for the loss they account for about 20% of all volume invested in Bitcoin.

Not the behavior of a competent investment firm.

Looks like they bought in and have hodl since..... losses are listed as "unrealised" so they haven't sold the BTC yet

so they put at least $7,000,000 in at the top. wow, not sure ill invests with these guys.

Probably investment groups should follow the same kind of protection that individuals should follow... especially after a run up of an asset class... and that is to spread out their investment and to engage in a form of dollar cost averaging... ... let's say that they wanted to get into bitcoin, and they were in a hurry to get some in before the end of the year... .. Accordingly, they could have started at the end of November.. at the peak.. and then on a weekly basis invested 1.5 million... or something like that... they may NOT be in too bad of a position if they had averaged it out a little bit... especially for the potential long or medium term that we are pretty certain to be above $1,200 per BTC by the end of 2014...   even if we have some ups and downs in the middle... ...

In other words, I am of the belief that a competent investment firm is going to explore a little bit rather than going in BALLS to the WALLS...

[JayJuanGee]

Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.

Ninja with balls of STEEL I salute you !!!

awtch

There is NOT even a date on that page... but I suppose that there will be a correlation with other records... and then within GOX there are a lot of records of various transactions and trandes that may have taken place between the date of the deposit and the date of the closing of the exchange.  HOWEVER, I am confident that ONLY a small portion of GOX customers went through the effort to save those various pages of electronic data (even though there were several weeks in which that saving of pages could have been done (between the time of the discontinuance of withdrawals until the time of the shutting off  of the website)..  

Gox went down with his 1200 BTC. He was not seen here since he said how much he lost there. Serious shit.

Some guy reported 4200 BTC Gox loss. Shit.

Actually, even though some people take risks in their investments and their hopes that businesses and persons are acting with  a certain level of integrity, sometimes the risks are kind of anticipated....... ... and like everyone says, the best time to invest is when others are running away from that investment....... .... ...

YES>>> >> the blood of a lot of people will boil... when they read the level of admissions of loss or theft that occurred through GOX....... it is really bullshit and it still does NOT add up... that anything other than fraud was going on at some level..... which actors are responsible??? probably a few people besides Mark...   .. even though the buck stopped with Mark.

[JorgeStolfi]

within GOX there are a lot of records of various transactions and trandes that may have taken place between the date of the deposit and the date of the closing of the exchange.  HOWEVER, I am confident that ONLY a small portion of GOX customers went through the effort to save those various pages of electronic data (even though there were several weeks in which that saving of pages could have been done (between the time of the discontinuance of withdrawals until the time of the shutting off  of the website)..  

I read here a few days ago that some US court ordered MtGOX to preserve certain of its records.  I suppose it is related to the Greene lawsuit.