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

[Vigil]

If it won't turn out that BTC-E goxed my coins, then it seems that they actually did me a favor for stopping me from buying in

And Gox may still have many of the coins - rumor is that the gooberment confiscated them.

LOL, how do you state such a BIG FACT (or rumor) in such a "small" way??

Is it a fact? I didn't want to make too big of a deal out of it. I've heard that Karpeles & Co. may be under a gag order. Not to make excuses for the problems Gox had.

[mellowyellow]

Rpietila, I am keen to hear what your predictions are for the next week or so ?

I cannot predict such short timespans.

The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.

This is the key to the short term market and people ignore it. The majority of traders had their funds on Gox, a lot got out, we don't know exactly how many, but looking at the order book in the last few days, not that many.

These people are not going to give up bitcoin, or be happy with the handful of alts they have. They are entrenched in the bitcoin dream and trading is a way of life.  Right now they will be securing loans, raiding savings accounts and that fiat is on it's way to an exchange right now.

It takes a few days to be verified at Stamp, then 2-3 more days for your funds to arrive in your account, we're on the brink. All we need is a few mini whales who NEED their bitcoin with only a limited amount available at the exchanges and ..... supply and demand.

[JorgeStolfi]

but war profiteering is not honorable.

Taking money from ignorant people by lying to them is not honorable either.

But then, what is "honorable" about bitcoin?

Bt the wy, have you all read about this earlier event in Bitcoin Foundation Founding Father Karpelès business career?
http://www.cryptocoinsnews.com/2014/03/03/exclusive-tibanne-co-ltd-sentenced-2013-mark-karpeless-lies-new/

[FTWbitcoinFTW]

If it won't turn out that BTC-E goxed my coins, then it seems that they actually did me a favor for stopping me from buying in

And Gox may still have many of the coins - rumor is that the gooberment confiscated them.

LOL, how do you state such a BIG FACT (or rumor) in such a "small" way??

Occam's razor

A leak in a cold wallet for 2 years or SR shitstorm hitting gox and DHS involved.

Not difficult to understand why they would confis all privates keys : huge amount of btc from SR was on MtGox and they didn't take the risk. Bitcoin is sooo easy to move in a blink of eye !

[JorgeStolfi]

So it seems that the rally was antecipation for the Bloomberg thing, then?

[Vigil]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

[JorgeStolfi]

Occam's razor

A leak in a cold wallet for 2 years or SR shitstorm hitting gox and DHS involved.

Not difficult to understand why they would confis all private key : huge amount of btc from SR was on MtGox and they didn't take the risk. Bitcoin is sooo easy to move in a blink of eye !

Well, there is this too:
http://www.reddit.com/r/Bitcoin/comments/1z8vaq/crowd_detectives_reveal_mt_gox_bitcoin_heist_as/?sort=confidence

[kkaspar]

but war profiteering is not honorable.

Taking money from ignorant people by lying to them is not honorable either.

But then, what is "honorable" about bitcoin?

Bt the wy, have you all read about this earlier event in Bitcoin Foundation Founding Father Karpelès business career?
http://www.cryptocoinsnews.com/2014/03/03/exclusive-tibanne-co-ltd-sentenced-2013-mark-karpeless-lies-new/

but..but..but bitcoin is sent by god! and it solves all the financial problems and defeats all the evil banksters that have been (probably) sent by Lucifer himself. All the bitcoin enthusiasts are not interested in getting rich at the expense of others! all the people in the bitcoin comunity are highly educated benevolent economistz who bring freedomz to da people.

[Vigil]

This is what I was talking about.

http://www.reddit.com/r/BitcoinMarkets/comments/1z2xo5/speculation_the_us_government_has_control_of_goxs/

[KeyserSoze]

The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.

This is why you can rest assured there is no 21 million Bitcoin cap on BTC. People buy; the coins get stolen from them and dumped in the market for the victims to rebuy ad infinitum.

[Vigil]

The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.

This is why you can rest assured there is no 21 million Bitcoin cap on BTC. People buy; the coins get stolen from them and dumped in the market for the victims to rebuy ad infinitum.

What? No.

[Solarstorm75]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

[JayJuanGee]

Jesus, you guys talk about BTC in amounts I can only dream of

Ofcourse it would be much more profitable with 60btc than with 12..

Guess I'll just have to wait till BTC hits $2000

I started with 17 coins in april 2013 

Just seen the potential of BTC too late. I Invested 60k now. So Almost all I got 

If you started with 17 BTC in April, and then you invested an additional 60k at $700 per BTC, that would put you at 103 BTC.   That is 17 + 86 = 103 BTC.  I feel so small potatoes with only 36 BTC

[Vigil]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

Oh. Hahaha. Didn't know there was a set time.

[cdooer]

Anyone else think that maybe SR2 and Gox were somehow tied together, and when SR2 announced that their coins had been stolen, it was only because they had inside information that Gox had 'lost' all of their coins? So when Gox went down, SR2 did too? Seems a little fishy that they would both claim theft by malleability at roughly the same time, but it didn't affect anyone else. Maybe MK owned them both.

[JorgeStolfi]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)

[Vigil]

Anyone else think that maybe SR2 and Gox were somehow tied together, and when SR2 announced that their coins had been stolen, it was only because they had inside information that Gox had 'lost' all of their coins? So when Gox went down, SR2 did too? Seems a little fishy that they would both claim theft by malleability at roughly the same time, but it didn't affect anyone else. Maybe MK owned them both.

Or when Gox announced - "We are not involved with Silk Road...."

[koryu]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)

Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.

http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/

[porcupine87]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)

Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.

http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/

So in 16min on bloomberg tv?

[ChrisML]

So it seems that the rally was antecipation for the Bloomberg thing, then?

And Bloomberg doesn't seem to be saying a peep about it.

https://twitter.com/ErikSchatzker/status/440852040932003840

Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)

Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.

http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/

So in 16min on bloomberg tv?

http://www.bloomberg.com/tv/