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

[ChartBuddy]

Explanation

[JorgeStolfi]

I am very puzzled that there is a company willing to take over Mt. Gox. Mt Gox's assets are MINUS 650,000 BTC and perhaps MINUS 20-50 millions $. Their only other asset is their "reputation".

Can anybody sane be willing to pay 650,000 BTC for Karpeles exchange's reputation of being scammers and possibly thiefs? Or their buggy, obsolete software without even production version?

They do not intend to assume that 650'000 BTC debt.   Check those threads.

[solex]

I am very puzzled that there is a company willing to take over Mt. Gox. Mt Gox's assets are MINUS 650,000 BTC and perhaps MINUS 20-50 millions $. Their only other asset is their "reputation".

Can anybody sane could be willing to pay 650,000 BTC for Karpeles exchange's reputation of being scammers and possibly thiefs? Or their buggy, obsolete software without even production version?

Sunlot want to pay 1 btc, not 650k btc. They want control of the supposedly 200k btc left (assuming the private keys can be extracted from MK) which would be used to restart the exchange with the intention of paying 650k back to all those who are owned money. That would take years of exchange profits. Color me surprised if 2 years later the 200k is spent and only a tiny fraction of 650k is earned back for disbursement.

[p0peji]

I am very puzzled that there is a company willing to take over Mt. Gox. Mt Gox's assets are MINUS 650,000 BTC and perhaps MINUS 20-50 millions $. Their only other asset is their "reputation".

Can anybody sane could be willing to pay 650,000 BTC for Karpeles exchange's reputation of being scammers and possibly thiefs? Or their buggy, obsolete software without even production version?

Sunlot want to pay 1 btc, not 650k btc. They want control of the supposedly 200k btc left (assuming the private keys can be extracted from MK) which would be used to restart the exchange with the intention of paying 650k back to all those who are owned money. That would take years of exchange profits. Color me surprised if 2 years later the 200k is spent and only a tiny fraction of 650k is earned back for disbursement.

Or they 200K BTC gets moved through some dodgy scheme and then they file for bankruptcy again.

[mmitech]

becuae I banned my self from that joke's thread, I am going to post this here just for the laughs and giggles

The thread shows a poster example how one system would have performed during the downtrend of the past few months. The "track record" is impressive but we have to remember that I started from the data and honed the parameters with trial and error method to give the best results. In real world, spotting the downtrend correctly, guessing the parameters upfront, and executing without slippage would have diminished returns greatly.

I cannot sell my own signals because Bitstamp's average volume is BTC764 per hour. The system gives signals based on the last 2 hours market data and assumes that you can execute at the closing price. The signals are always in direction of the trend, so you will have to buy/sell quickly to avoid slippage, and your own actions cause more slippage. If I would use this, I want to allocate as many coins to it as possible, and that is less than I wanted.

The configurable excelsheet is for sale for BTC5, including tutorial in skype chat.

so who will pay 5BTC for that ? it is very cheap, almost free  

[Carra23]

Go up or go down, this is getting tiring now.

Maybe the exchanges would start manipulating to increase volumes

[adamstgBit]

so no one is going to get gox coins instead they'll get a tiny piece of the new but not improved MtGox that will go under a few months after it reopens

[dreamspark]

You should head into the #mtgox-talk irc channel to find out all the details of sunlot and their plans. It stinks to be honest.

They also want to spend $10mm on the investigation of the 'theft'.

[klee]

Undead Karpeles

[cech4204a]

You should head into the #mtgox-talk irc channel to find out all the details of sunlot and their plans. It stinks to be honest.

They also want to spend $10mm on the investigation of the 'theft'.

wtf , which investigation costs $10m ? omfg, get that Mark Karpeles in the fucking jail and rape him with BTC

[adamstgBit]

You should head into the #mtgox-talk irc channel to find out all the details of sunlot and their plans. It stinks to be honest.

They also want to spend $10mm on the investigation of the 'theft'.

gox users get goxed then gox spends all the remaining gox coins to produce a 2 page report about how they couldn't figure out why everyone was goxed.

goxed to infinity!

[kurious]

so no one is going to get gox coins instead they'll get a tiny piece of the new but not improved MtGox that will go under a few months after it reopens

Agreed - these guys are not heroes come to save us.

It's 1 (yes, one) Bitcoin to take over control of 200,000 and do what they want with them.

Simple.   I honestly doubt anyone who was goxed will see very much, if any compensation.  

The only difference to Gox part 1 is that this lot will do it 'legally'.

[ChartBuddy]

Explanation

[adamstgBit]

i'll bid 2 btc and just give out the 200,000BTC to there rightful owners

everyone cool with a 10K BTC un-goxing service fee??

where do i bid?

[oda.krell]

becuae I banned my self from that joke's thread, I am going to post this here just for the laughs and giggles

The thread shows a poster example how one system would have performed during the downtrend of the past few months. The "track record" is impressive but we have to remember that I started from the data and honed the parameters with trial and error method to give the best results. In real world, spotting the downtrend correctly, guessing the parameters upfront, and executing without slippage would have diminished returns greatly.

I cannot sell my own signals because Bitstamp's average volume is BTC764 per hour. The system gives signals based on the last 2 hours market data and assumes that you can execute at the closing price. The signals are always in direction of the trend, so you will have to buy/sell quickly to avoid slippage, and your own actions cause more slippage. If I would use this, I want to allocate as many coins to it as possible, and that is less than I wanted. :(

The configurable excelsheet is for sale for BTC5, including tutorial in skype chat.

so who will pay 5BTC for that ? it is very cheap, almost free  :D

Yeah, what could possibly go wrong... a handcrafted volume change/candle size based (or something similarly naive) algo, backtested only on the recent month or two ("careful kids, it only works during downtrends!"), excluding fees and slippage in the calculation. Now on sale, for 5 BTC!

I really hope that whoever is inclined to spend that amount gets, say, waveaddict's newsletter instead, for a fraction of the price, and a multiple of the effect most likely :D

[rpietila]

Always good to have free adspace 

[Stevenrm87]

i'll bid 2 btc and just give out the 200,000BTC to there rightful owners

everyone cool with a 10K BTC un-goxing service fee??

where do i bid?

I bid 10 BTC to take over the remaining 200,000 BTC. Seems legit

[kurious]

i'll bid 2 btc and just give out the 200,000BTC to there rightful owners

everyone cool with a 10K BTC un-goxing service fee??

where do i bid?

Of course everyone would - but no-one was asked. 

They must have looked and thought - "Jeez - look! That stupid MK left 200,000 behind just sitting there, and no-one with a decent suit on will go to jail for helping themselves.  We would be stupid not to go for this before anyone else does"

Cost of offer to receivers: minimal.  Result of success: control of assets instantly convertible into 90 million bucks.

[Carra23]

becuae I banned my self from that joke's thread, I am going to post this here just for the laughs and giggles

The thread shows a poster example how one system would have performed during the downtrend of the past few months. The "track record" is impressive but we have to remember that I started from the data and honed the parameters with trial and error method to give the best results. In real world, spotting the downtrend correctly, guessing the parameters upfront, and executing without slippage would have diminished returns greatly.

I cannot sell my own signals because Bitstamp's average volume is BTC764 per hour. The system gives signals based on the last 2 hours market data and assumes that you can execute at the closing price. The signals are always in direction of the trend, so you will have to buy/sell quickly to avoid slippage, and your own actions cause more slippage. If I would use this, I want to allocate as many coins to it as possible, and that is less than I wanted.

The configurable excelsheet is for sale for BTC5, including tutorial in skype chat.

so who will pay 5BTC for that ? it is very cheap, almost free  

Yeah, what could possibly go wrong... a handcrafted volume change/candle size based (or something similarly naive) algo, backtested only on the recent month or two ("careful kids, it only works during downtrends!"), excluding fees and slippage in the calculation. Now on sale, for 5 BTC!

I really hope that whoever is inclined to spend that amount gets, say, waveaddict's newsletter instead, for a fraction of the price, and a multiple of the effect most likely

Its a steal at this price.









For Rpietla of course

[windjc]

Always good to have free adspace  

Hey Rpi,

Let's play a role reversal. So, I'll be you and you can be everyone else.

So here we go.

Say Rpi, I have a great deal for you! Why don't you pay me $2500 a month, and I'll manage all your assets for you. So, you can just give me everything you own (I'll even let you keep the castle) and then I'll take everything you own + $2500 (so you'll have to borrow that I guess, since I'll already have everything you own) and for this, I will manage your assets. Not only that, but I will give you 80% of all the profits I make you. That means, you'll get to keep 80% of all the profits I make you! For free! For doing nothing. I do all the work for you.

Furthermore, you will not be subject to any temptations to spend any of your fortune (like say on another castle) because I will, for your benefit and also for FREE!, stipend out a small percentage of your 80% profits to you on a monthly basis to cover your current room and board. If you act before midnight tonight, I will also give you a $100/mo. cigar allowance. Also, for free! I do all the work.

As my final effort for you, I will also provide monthly charts and spreadsheets of my analysis of the market conditions which you can study for your own intellectual benefit. Another great service to you.

So we have a deal?