Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 313. (Read 907226 times)

Give me a break...Go and look at the 30 minute Huobi chart.

There you will see the times when China sleeps as the volume hits the floor. You will also see that during these 'China sleeps times' Bitcoin is most stagnant/stable. Like right fkn now for example, Bitcoin aint doing shit except have some whale move 1000BTC chips around either side of the Walls to achieve god knows what goals. Yesterday as well. As China slept, Bitcoin done shit (low $500, High $520). And even the day before that, and the day before that. All the big moves come when these guys are active. Don't tell me they don't cos I am looking at the fkn charts that tell me that this is the case, as I type.......

......and yes, the chart action on Huobi corresponds 100% with the chart action on Bitstamp. It would do, of course as most trading is done by bots running algorithms and all these bots are hooked up to price action on other major exchanges. In this sense, Huobi's ultra high and probably largely faked volume could be used as a means of manipulating USD exchange trading and actually, I am sure it is used for exactly this purpose. There are hundreds of millions to be leeched out the system here for a well organised bunch of cyber-cowboys.

It tells me the two of you aren't as smart as you keep telling each other you are.

I'm in the 'eastern' time zone and apart from the Gox closure crash the other day volume is always very slow on Stamp during the 'day'....it picks up around 7pm local when Europe is getting up and hots up later as the US responds.  Major upswings/downswings tend to have happened between 6am and 9 am local, corresponding with the West Coast being in full swing.  Apart from between October to December last year, its pretty much always been like that since last March at least.

The only advantage one gets being in the East of the planet is you see the news stories break and develop before they hit the global daily cycle.  But of course, as everyone here keeps telling me, news and sentiment have no impact on BTC.

1/ never enough
2/ easy peasy in Japan

edit: http://www.bingham.com/Publications/Files/2012/02/A-Practical-Guide-to-Japanese-Insolvency-Procedures

But he's already made a ton of money, enough to retire. Stealing more just means he will have to look over his shoulder the rest of his life.

3- people who have accepted the fact that they lost their coins and magically got them back and store them safely like they should have done before

Its a rhetorical question in that sens that not everyone is honest anyway. I think he struggled for 3 years building that company against govs, FBI, banks, and is now having an anticipated retirement. And he got $100s milllions of reasons to do so. Just saying its time to face reality.

edit: http://psychcentral.com/lib/the-5-stages-of-loss-and-grief/000617

My wife has just finished her thesis (yesterday) and it is a long, painful process....best of luck.

Me. I do not steal from people.

I think the bitcoin builder buyers would be selling a lot of their coins for insane profit in that case; I don't think the other people who were just holding coins in mtgox would sell much. I'm not sure how smart most of them are holding coins in gox but I think they would move them off the exchange quickly at least.

I don't want to alarm you, but I had that too. They kept telling me 'The numbers are counting to zero' Then I snapped. Then I un-snapped three minutes later and proved that zero is fundamentally an irrational number, but they placed it into the rational number-line, and therefore it does not exist.

I'm currently 21 pages into a thesis about it.

Trust me, writing a thesis is a pain in the ass, and all the mathematicians I have explained it to have told me I would probably need to write more than one paper.

If you don't want to be stuck writing for the rest of your life, get rid of the voices.

Guys,

Mark just stole the bitcoins. No one is ever going to recover them. Thats just the way it is when doing business in Bitcoinland. At some point the temptation is just too high. It already happened with many other exchanges and services, claiming they've been hacked or which just vanished. Mark saw the opportunity to retire from this exhaustive business when that malleability issue reappeared few months ago. So he covered his steal - stop thinking that building such a platform and taking it to those heights is possible from someone stupid/incompetent. Now he is out of anyone's reach on that Japan Island, meeting lawyers to negotiate 100% immunity and with a government that now stops protesting movements against him. Plus he might sell his business too (and without the stolen coins!).. The guy's a smart greedy con and is just going to live happily ever after.

Frankly who wouldnt do the same if in such position? We're talking about 100s millions that arent covered by any laws around the world. Bitcoin is totally virtual in that sens. So far, not a single bitcoin thieve got condemned.

I think its time for you to move on and be more careful whist trading with a third party.
After all, isnt that what Bitcoin's all about?!
Until then it surely wont be the last service to go down.

edit: sorry for your loss.. if any

I lost 11 BTC there but if it would (and it would) give the boost to my other 500+ let them die in agony  

How do you figure 90%? That would be a pretty silly thing to happen to someone, especially someone working with btc all day... even to Mark.

Ya know what, I believe you.

I believe that a bunch of Chinese cyber cowboys are ripping the arse out of Bitcoin for all that they can get out of it. Practically all the main action is always happening during these fkrs waking hours despite the fact it is meant to be banned over their and it is rumoured that all the Huobi volume is faked.

However, I don't believe that we will see a lower low anytime soon. I believe that we will see the confirmatory test of the bottom that everyone is waiting on, and then Bitcoin will be allowed to grow for a bit, taking out a few significant supports in the process and bringing confidence rushing back into market, then back to business followed ultimately by lower lows and whole new depths of despair.

Bitcoin is getting fucked with. Of that I am certain, and I find it hard to imagine that the game is now up quite so easily, with everyone around here patting themselves on the back with glee and preparing for the run up to new all-time highs.

My vote, much down for a short time. If that was me, I would sell at least 30%...

in other side note, if some how Mark the MagicalTux does some magic and recover the key (assuming this is the case) how do you think this will effect the price:

1- confidence is recovered and the media start covering the positive turn of the whole situation and people start buying crazy, and the next boom ?
2- people who have accepted the fact that they lost their coins and magically got them back and dump them right away on exchanges and price goes down ?

would give a real price boost to any holder right now, but I feel for the people who lost funds, I really hope that he can recover the key if this is the case, we don't need this bad advertisement, especially now ...

It would be just legendary to have those coins sitting forever in known addresses 

You should be selling your signals , I would be the first to buy!

so the theory is and I can say 90% that this is what happened, Mark lost the private key, but he thinks that he can recover it, he reached for help, he told the Big guys about the problem, they were shocked and didn't want to help him and went out in 24 hour to tell us that Mtgox is insolvent instead of helping him recover customer funds, it was interesting how they just made a statement in 24 hours without any explanation to just tell everyone forgot your funds...