BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
March 01, 2014, 06:45:55 PM |
|
So, what does CCMF mean? Can't Correct Mtgox Failures?
|
|
|
|
Xer0
|
|
March 01, 2014, 06:50:53 PM |
|
whats with the jump on BTCe? only 11$ arbitrage left
|
|
|
|
MelMan2002
|
|
March 01, 2014, 06:52:30 PM |
|
So...it peaked in April last year. How many of the people who bought gobs of coins back then are holding until they reach that year mark and will be sure to sell just in time to pay taxes on their gains?
|
|
|
|
theonewhowaskazu
|
|
March 01, 2014, 06:57:08 PM |
|
So...it peaked in April last year. How many of the people who bought gobs of coins back then are holding until they reach that year mark and will be sure to sell just in time to pay taxes on their gains?
People pay taxes?
|
|
|
|
dani
|
|
March 01, 2014, 06:57:25 PM |
|
So, what does CCMF mean? Can't Correct Mtgox Failures? close casket, motha fucka. But actually CCFM makes a lot more sense around here
|
|
|
|
JorgeStolfi
|
|
March 01, 2014, 06:59:36 PM |
|
So...it peaked in April last year. How many of the people who bought gobs of coins back then are holding until they reach that year mark
You mean late november? The April peak was passed on Oct/30.
|
|
|
|
zyk
|
|
March 01, 2014, 07:02:04 PM |
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 01, 2014, 07:02:55 PM |
|
|
|
|
|
ChrisML
|
|
March 01, 2014, 07:04:29 PM |
|
ccmf An acronym used for "Closed Casket Motha Fucka". When someone gets shot in the face and it's so fucked up they have to close the casket at the wake of a funeral. Person 1: Damn that nigga got shot in the face 5 times!
Person 2: Holy shit! CCMF! Wow... just wow. So CCMF stands for, fuck me sideways... we are going down. Or up? lol
|
|
|
|
droptable
|
|
March 01, 2014, 07:05:10 PM |
|
So...it peaked in April last year. How many of the people who bought gobs of coins back then are holding until they reach that year mark and will be sure to sell just in time to pay taxes on their gains?
at least in germany, it´s the other way around. If you hold BTC for a year or less, you have to pay 26% taxes on your profit. If you hold BTC longer than a year you only pay 3%. Isnt the german tax-law very bitcoin-friendly?
|
|
|
|
MelMan2002
|
|
March 01, 2014, 07:05:38 PM |
|
So...it peaked in April last year. How many of the people who bought gobs of coins back then are holding until they reach that year mark
You mean late november? The April peak was passed on Oct/30. It peaked in both April and November - my point is that we are coming up on the 1 year anniversary of the April peak - and many investors will hold on for a year and then cash out (so they can get the lower capital gains tax rate)...especially if they see that it is currently in a downtrend.
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3864
Merit: 10923
Self-Custody is a right. Say no to"Non-custodial"
|
|
March 01, 2014, 07:08:35 PM |
|
http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/Who took the money? So, the trillion-dollar question: who took the money? Strictly speaking, we don’t know that yet. We’re talking about a sum of money so large that “humongous” and “enormous” aren’t sufficient to describe it – it’s 6% of all bitcoin in existence, and assuming bitcoin keeps growing to its potential, that means one individual is sitting on 6% of the world’s future trade and retail currency supply. In today’s USD value, such an amount would be on the order of 20 trillion US dollars, or roughly 250 times the fortune of today’s richest billionaire. It’s not exactly hard to see a motive here.
If the market was rational, this would be extremely bearish. I agree that we should be a little bearish.. at least for a week or two ... b/c of this news... HOWEVER.... BTC prices have remained extremely resilient to this news... which causes me to continue to assert that there is considerable pent up demand for BTC.... Regarding the point about this seemingly probably heist (based on GOX's own renditions of the situation) is humongous and enormous, this surely is NOT as humongous and enormous as it is being made out to be in the above post...... The reality is that we still live in largely a fiat world... and in terms of overall world scandals, this one is NOT very high in the whole scheme of things... even if it adds up to more than $500 million dollars in current value.... ... NONETHELESS, i get and probably even agree with the point that BTC is going to go up and probably double in value within the next six months to a year... accordingly, this seems to be heist... is going to add up to more than a billion in about a year... BTC prices are going to be going up.. even with 6% heist of the coins... YET ... we are still a bit unclear about whether the gangsters are going to be able to profit from the coins.. The most plausible scenarios remains that the gangsters are probably going to be able to profit from their heist of these 750K -ish of BTC...
|
|
|
|
zyk
|
|
March 01, 2014, 07:17:01 PM |
|
"A ponzi scheme is designed to hook investors into investing by promising rewards that can never be realised, where early investors receive pay outs from new investors. The ponzi
schemes eventually collapse when the number of new investors are not enough to cover the payout's to earlier investors seeking an exit."
And the heads have been cashing out as they let Mark fall, assuring you that they will try to withdraw from the other exchanges as well but not after determinig the timing in
between themselves.
Don´t be afraid..the balanses are rumored to match over at Stamp at least as some buttcoins will be able to be bought back when this raid is done....
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
|
March 01, 2014, 07:21:00 PM |
|
http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/Who took the money? So, the trillion-dollar question: who took the money? Strictly speaking, we don’t know that yet. We’re talking about a sum of money so large that “humongous” and “enormous” aren’t sufficient to describe it – it’s 6% of all bitcoin in existence, and assuming bitcoin keeps growing to its potential, that means one individual is sitting on 6% of the world’s future trade and retail currency supply. In today’s USD value, such an amount would be on the order of 20 trillion US dollars, or roughly 250 times the fortune of today’s richest billionaire. It’s not exactly hard to see a motive here.
If the market was rational, this would be extremely bearish. I agree that we should be a little bearish.. at least for a week or two ... b/c of this news... HOWEVER.... BTC prices have remained extremely resilient to this news... which causes me to continue to assert that there is considerable pent up demand for BTC.... Regarding the point about this seemingly probably heist (based on GOX's own renditions of the situation) is humongous and enormous, this surely is NOT as humongous and enormous as it is being made out to be in the above post...... The reality is that we still live in largely a fiat world... and in terms of overall world scandals, this one is NOT very high in the whole scheme of things... even if it adds up to more than $500 million dollars in current value.... ... NONETHELESS, i get and probably even agree with the point that BTC is going to go up and probably double in value within the next six months to a year... accordingly, this seems to be heist... is going to add up to more than a billion in about a year... BTC prices are going to be going up.. even with 6% heist of the coins... YET ... we are still a bit unclear about whether the gangsters are going to be able to profit from the coins.. The most plausible scenarios remains that the gangsters are probably going to be able to profit from their heist of these 750K -ish of BTC... In my opinion, it is highly unlikely that 750,000 BTC were stollen recently. If a huge sum of coins were stollen, then the theft occurred in 2011 when Gox security was lax and the bounty was much less. The theives sold these coins in 2011 and 2012, keeping the price repressed and explaining the long bear market at this time. Here is my theory in more detail: https://bitcointalk.org/index.php?topic=488058.msg5397869#msg5397869https://bitcointalk.org/index.php?topic=492393.msg5438572#msg5438572If the coins were not stollen recently and entered the bitcoin economy long ago, then the missing 750,000 GoxBTC is bullish medium and long term, because the effective monetary base of bitcoin just decreased by 6%. If 20% of those who thought they had coins at Gox, buy new coins (and move them to cold storage this time), that represents 150,000 BTC of sudden demand.
|
|
|
|
magicmexican
|
|
March 01, 2014, 07:24:38 PM |
|
Confirmed Goxcoin pump, get in while its cheap!
|
|
|
|
|
mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
|
|
March 01, 2014, 07:28:45 PM |
|
off-topic, about Gox and all the BS going around, I find it unbelievable when early adopters Like Roger and Erik and everyone else asking people to just forget their money and move on..... yea you can move on, you have millions already so what if you lost few thousands, try convince this guy who lost +4700 BTCand I was also reading about someone who committed a suicide after losing 900BTC https://twitter.com/CharlieShrem/status/439832777887076352
|
|
|
|
V2Rocket
Newbie
Offline
Activity: 30
Merit: 0
|
|
March 01, 2014, 07:30:41 PM |
|
... If 20% of those who thought they had coins at Gox, buy new coins (and move them to cold storage this time), that represents 150,000 BTC of sudden demand.
If 20% of those whose dollars were stolen bought more dollars... Ohwait.
|
|
|
|
zyk
|
|
March 01, 2014, 07:31:34 PM |
|
http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/Who took the money? So, the trillion-dollar question: who took the money? Strictly speaking, we don’t know that yet. We’re talking about a sum of money so large that “humongous” and “enormous” aren’t sufficient to describe it – it’s 6% of all bitcoin in existence, and assuming bitcoin keeps growing to its potential, that means one individual is sitting on 6% of the world’s future trade and retail currency supply. In today’s USD value, such an amount would be on the order of 20 trillion US dollars, or roughly 250 times the fortune of today’s richest billionaire. It’s not exactly hard to see a motive here.
If the market was rational, this would be extremely bearish. I agree that we should be a little bearish.. at least for a week or two ... b/c of this news... HOWEVER.... BTC prices have remained extremely resilient to this news... which causes me to continue to assert that there is considerable pent up demand for BTC.... Regarding the point about this seemingly probably heist (based on GOX's own renditions of the situation) is humongous and enormous, this surely is NOT as humongous and enormous as it is being made out to be in the above post...... The reality is that we still live in largely a fiat world... and in terms of overall world scandals, this one is NOT very high in the whole scheme of things... even if it adds up to more than $500 million dollars in current value.... ... NONETHELESS, i get and probably even agree with the point that BTC is going to go up and probably double in value within the next six months to a year... accordingly, this seems to be heist... is going to add up to more than a billion in about a year... BTC prices are going to be going up.. even with 6% heist of the coins... YET ... we are still a bit unclear about whether the gangsters are going to be able to profit from the coins.. The most plausible scenarios remains that the gangsters are probably going to be able to profit from their heist of these 750K -ish of BTC... In my opinion, it is highly unlikely that 750,000 BTC were stollen recently. If a huge sum of coins were stollen, then the theft occurred in 2011 when Gox security was lax and the bounty was much less. The theives sold these coins in 2011 and 2012, keeping the price repressed and explaining the long bear market at this time. Here is my theory in more detail: https://bitcointalk.org/index.php?topic=492393.msg5438572#msg5438572If the coins were not stollen recently and entered the bitcoin economy long ago, then the missing 750,000 GoxBTC is bullish medium and long term, because the effective monetary base of bitcoin just decreased by 6%. If 20% of those who thought they had coins at Gox, buy new coins (and move them to cold storage this time), that represents 150,000 BTC of sudden demand. Yep..its about new money coming into the scheme.....and as I don´t know what to do with bitcoins besides putting them in a cold wallet, as the exchanges are free to account them to anybody else....just lost my live savings to the insider -crew at Gox...surely I will convince more suckers to put some money in the fantastic black hole where the early - birds just decided to sell short. That is and will remain of the Gox aftermaths......as TBF gives a fuck.
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
|
March 01, 2014, 07:33:12 PM |
|
off-topic, about Gox and all the BS going around, I find it unbelievable when early adopters Like Roger and Erik and everyone else asking people to just forget their money and move on..... yea you can move on, you have millions already so what if you lost few thousands, try convince this guy who lost +4700BTC
I feel for the people who had funds at MtGox, and I think it is important to be sympathetic to these victims. They are our fellow human beings and some may be in a lot of pain right now. But what is wrong with learning from the experience and moving on? Do you have a better option?
|
|
|
|
|