Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27814.

xulescu

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Quote from: JorgeStolfi on May 08, 2014, 02:42:33 PM

PS. There are two threads, at least, on this forum about the Sunlot plan and people:

SaveGox.com

More proof that savegox.com is a sham

Add one more https://bitcointalksearch.org/topic/the-video-brock-pierce-of-sunlot-hopes-you-never-see-594826

Given that the Foundation is no longer trustworthy IMO this looks like just the next step in the long con. It's even worse if the PTB are behind Sunlot - don't forget how much private data Gox had. Witch hunting anyone?

KFR

hero member

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Per ardua ad luna

Jorge you no longer have sufficient credibility to start calling bona fide computer scientists priests and cultists just because you don't understand their discipline any more. Not so much neo-luddite as neolithic luddite.

JorgeStolfi

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PS. There are two threads, at least, on this forum about the Sunlot plan and people:

SaveGox.com

More proof that savegox.com is a sham

gizmoh

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Quote from: bitcoinvest on May 08, 2014, 02:03:15 PM

Quote from: gizmoh on May 08, 2014, 01:45:37 PM

Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

so let me understand......

they propose to save the company and customers ( like me and you) get all their funds back 100% that make us 850.000BTC plus the fiat.

and you write that they will have full control of 200.000btc.... for 1 btc... do you realize the ammount of debts this company has for all of us (their customers)

This is the ONLY good plan around and i'm waiting to happen. If the representative do not accept is that means ( to me at least ) that the attack was an inside job probably by Karpeles and the representative have also a commision not to approve it... You prefer to loose almost everything and watching Karpeles moving around with LIMO and not talking to anyone with a lot of mine and yours BTC> Huh

?

I do support the movement of savegox.com

We have democracy and everyone is free to write what ever he wants but come on don't troll please so obviously.....

A cyprus company is taking over the debt of another company, that's far from being a burden. In the future, Sunlot can also declare bankruptcy failure to revive the new plan for whatever motive, without the new owners being personally in debt to Gox customers..

Why "Lose everything?"
Mtgox is not like any other dying bankrupted company with no cash flow and asset. The reason vulture funds are trying to grab hands is that Gox still holds a treasure in its coffers as BTC is a highly liquid asset.
How trustworthy are these individuals? Crucial information/evidences might be hindered as the thief(s) might want to negotiate a deal!
I'd prefer Police investigation and liquidation anytime.

JorgeStolfi

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Quote from: gizmoh on May 08, 2014, 01:45:37 PM

Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

Indeed. And they already said on this forum that they will relieve Gonzague Gay-Bouchery, Mark's second-in-command, from any responsibility -- before even starting the investigation of the "theft". (They say that Gonzague's "preventive pardon" was needed to get him to support the plan. But why do they need the suport of the management of a company that failed because of the mysterious disappearance of half a billion dollars?)

And they did not say a word about investigating and/or prosecuting Mark. They may well end up hiring him to do the investigation and run the site.

But of course Sunlot is not a plot to grab 200'000 BTC for nothing, save Mark's and Gonzague's skins, and allow the thief to keep his stolen 600'000 BTC. It may look that way, but it is not.

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

Quote from: JayJuanGee on May 08, 2014, 02:14:05 PM

Quote from: gizmoh on May 08, 2014, 01:45:37 PM

Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

I understand that there are mixed feelings about what a rehabilitation of Gox may mean to bitcoin, but really your summary seems to be building too much negative into the proposed settlement. I believe that they had put up a real decent FAQ when they were proposing to save gox....

Yeah, NO one really wants to continue to get Goxed... but a rehab of GOX may be better than a liquidation. Better for those who had money in GOX and better for bitcoin as a whole.. that is if the rehab does NOT turn out to be some major sham, as you seem to be suggesting.

+1

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: gizmoh on May 08, 2014, 01:45:37 PM

Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

I understand that there are mixed feelings about what a rehabilitation of Gox may mean to bitcoin, but really your summary seems to be building too much negative into the proposed settlement. I believe that they had put up a real decent FAQ when they were proposing to save gox....

Yeah, NO one really wants to continue to get Goxed... but a rehab of GOX may be better than a liquidation. Better for those who had money in GOX and better for bitcoin as a whole.. that is if the rehab does NOT turn out to be some major sham, as you seem to be suggesting.

JorgeStolfi

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Quote from: machasm on May 08, 2014, 12:20:36 PM

Quote from: freebit13 on May 08, 2014, 09:02:06 AM

Joe Rogan Experience #490 - Andreas Antonopoulos: https://www.youtube.com/watch?v=EnhGlgCm4MU

After staring at these forums for months on end and watching the overall price of BTC fall during that time it was really great to see someone speak in such a way as to fill me with complete confidence that the future of Bitcoin is looking bright.

Antonopoulos fully endorsed Neo & Bee. What credibility does he have now?

(And didn't he do a pseudo-audit of some exchange, too? Or am I confusing him with some other Bitcoin Priest?)

Speaking of priests, I see that Roger Ver is one of the key speakers at that Chinese Bitcoin summit organized by the new Chinese (or Peruvian?) investment fund Bitfund.pe. Roger Ver posted a video on YouTube vouching for the solvency of his friend Karpelès's MtGOX. (How many people lost money because they trusted his "audit"?) A nice way to inspire confidence in that new fund...

Tongue

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

Quote from: gizmoh on May 08, 2014, 01:45:37 PM

Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

so let me understand......

they propose to save the company and customers ( like me and you) get all their funds back 100% that make us 850.000BTC plus the fiat.

and you write that they will have full control of 200.000btc.... for 1 btc... do you realize the ammount of debts this company has for all of us (their customers)

This is the ONLY good plan around and i'm waiting to happen. If the representative do not accept is that means ( to me at least ) that the attack was an inside job probably by Karpeles and the representative have also a commision not to approve it... You prefer to loose almost everything and watching Karpeles moving around with LIMO and not talking to anyone with a lot of mine and yours BTC> Huh

?

I do support the movement of savegox.com

We have democracy and everyone is free to write what ever he wants but come on don't troll please so obviously.....

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

freebit13

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I got Satoshi's avatar!

Quote from: machasm on May 08, 2014, 12:20:36 PM

Quote from: freebit13 on May 08, 2014, 09:02:06 AM

It seems boredum is ruling current sentiment, perhaps this might help, enjoy the show.

Joe Rogan Experience #490 - Andreas Antonopoulos: https://www.youtube.com/watch?v=EnhGlgCm4MU

Thanks for this.
After staring at these forums for months on end and watching the overall price of BTC fall during that time it was really great to see someone speak in such a way as to fill me with complete confidence that the future of Bitcoin is looking bright.
HOLDING till the end.

My pleasure... the world of bitcointalk can be so small and sometimes quite depressing... there's so much more info out there

gizmoh

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Sunlot holdings based in cyprus controlled by suspicious personalities , might get full control on more than 200,000 btc for the price of 1 btc Undecided

Goxing never ends!

http://www.coindesk.com/mt-gox-settlement-proposal-granted-key-preliminary-approval/

magicmexican

hero member

Activity: 812

Merit: 1000

Stupid bitcoin, stop going down

Bitcoin_is_here_to_stay

full member

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Merit: 100

Quote from: JayJuanGee on May 08, 2014, 12:55:51 PM

Quote from: JorgeStolfi on May 08, 2014, 11:51:41 AM

Quote from: JayJuanGee on May 08, 2014, 11:35:28 AM

Quote from: JorgeStolfi on May 08, 2014, 11:22:10 AM

In another thread people are arguing that SecondMarket's BIT fund only buys bitcoins on Thursdays. That could be wrong (perhaps they merely update their accounting weekly on Thursdays).

I believe that it would be a bad business practice for any big player trader to publicly disclose any exact details of its buy/sell pattern ahead of time. Accordingly, the logic does NOT make sense that any big player trader would engage in such a before-hand disclosure of such.

Maybe, but they have been buying less than 2000 BTC per week on average. Does that make them "big players", enough to influence the market price?

I am making the statement of best business practice as a general principle, and the point that I was making is NOT really whether they are big enough to affect the market, but whether other traders will time their trading behavior based on Second Market's announced behavior.

Even 50BTC a week may be considered big, if you know that it is going to take place every week at a specific time.

I completely agree it does not make sense, but it does seem to be the pattern Huh

I also think it is highly unlikely - and would actually be illegal - for them to update accounting only once weekly and buy every day. The thing is, they are supposed to to buy BTC for every investor the day they get money and they charge that day average price.

Interestingly, the pattern is not absolute - we some time see increases in their holding on other days, but Thursdays are strongly preferred. If they are buying of the exchanges it is less of a problem, but still strange.

Most interestingly, somebody published an analysis here showing that BTC raises most on average .. on Thursdays Wink

Sapienti sat?

ChartBuddy

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Explanation

JayJuanGee

legendary

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: JorgeStolfi on May 08, 2014, 11:51:41 AM

Quote from: JayJuanGee on May 08, 2014, 11:35:28 AM

Quote from: JorgeStolfi on May 08, 2014, 11:22:10 AM

In another thread people are arguing that SecondMarket's BIT fund only buys bitcoins on Thursdays. That could be wrong (perhaps they merely update their accounting weekly on Thursdays).

I believe that it would be a bad business practice for any big player trader to publicly disclose any exact details of its buy/sell pattern ahead of time. Accordingly, the logic does NOT make sense that any big player trader would engage in such a before-hand disclosure of such.

Maybe, but they have been buying less than 2000 BTC per week on average. Does that make them "big players", enough to influence the market price?

I am making the statement of best business practice as a general principle, and the point that I was making is NOT really whether they are big enough to affect the market, but whether other traders will time their trading behavior based on Second Market's announced behavior.

Even 50BTC a week may be considered big, if you know that it is going to take place every week at a specific time.

aminorex

legendary

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Sine secretum non libertas

Quote from: JorgeStolfi on May 07, 2014, 05:04:08 PM

Quote from: aminorex on May 07, 2014, 04:02:44 PM

why we fight

Needless to say, most of those "advantages" are killer disadvantages to most people (and to all governments, including highly democratic ones). Like "there are no age requirements" --- guess who wanted those reqirements in the first place.

Others are demonstrably false or misleading, eg. "it is more difficult to be used as surveillance", "it can be used to resist corruption", "it can be extremely hard to steal", "it allows movement across borders", ...

And, as usual, it says "bitcoin" when all those properties hold for any cryptocurrency with similar protocol, and many of the good ones hold even for cryptocurrencies with centralized management.

What color is the sky on your planet?

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: abc123abcd1234 on May 07, 2014, 10:46:16 PM

Hi~~ I follow this guy on Twitter

http://twitter.com/bitinvest

and he says there will be a short term bullish trend because of this:

http://weibo.com/p/1001603707739074361561

I have no idea what it says. Any chinese speakers here??

He is saying that successive bottoms have declining volume. Running out of supply.

machasm

hero member

Activity: 786

Merit: 857

Quote from: freebit13 on May 08, 2014, 09:02:06 AM

It seems boredum is ruling current sentiment, perhaps this might help, enjoy the show.

Joe Rogan Experience #490 - Andreas Antonopoulos: https://www.youtube.com/watch?v=EnhGlgCm4MU

Thanks for this.
After staring at these forums for months on end and watching the overall price of BTC fall during that time it was really great to see someone speak in such a way as to fill me with complete confidence that the future of Bitcoin is looking bright.
HOLDING till the end.

rpietila

donator

Activity: 1722

Merit: 1036

Algorithm would have performed very well from Dec 1st 2013:

Quote from: rpietila on May 08, 2014, 11:51:19 AM

Code:

TIME OF TRADE RATE S/BUY B GAIN USD BTC
1.12.2013 4:00 1024,00 -1 102 400 0,00
7.12.2013 2:00 748,99 1 37 % 0 136,72
11.12.2013 10:0 852,50 -1 116 552 0,00
19.12.2013 8:00 605,00 1 41 % 0 192,65
20.12.2013 22:0 610,00 -1 117 515 0,00
22.12.2013 8:00 652,86 1 -7 % 0 180,00
7.1.2014 20:00 823,00 -1 152 030 0,00
14.2.2014 2:00 595,00 1 38 % 0 255,51
20.2.2014 6:00 601,10 -1 153 589 0,00
22.2.2014 16:00 603,98 1 0 % 0 254,29
24.2.2014 2:00 574,97 -1 146 211 0,00
26.2.2014 6:00 594,98 1 -3 % 0 245,74
4.3.2014 16:00 675,61 -1 166 026 0,00
1.4.2014 6:00 481,01 1 40 % 0 345,16
2.4.2014 12:00 469,95 -1 162 208 0,00
14.4.2014 4:00 427,50 1 10 % 0 379,43
16.4.2014 8:00 515,00 -1 195 409 0,00
8.5.2014 16:00 442,50 1 16 % 0 441,60

So guys, with only 17 trades, performed after the triggers (perhaps BTC500 could have been used without affecting the market too much - even thousands with some planning, delay, and slippage), you would have 4.5x'd your bitcoins or made almost double your dollars, in a falling market.

I also checked the same rules in a rising market. They did not work, I could barely make it return positive bitcoins over 1 year. The problem is that in the rising market the selloffs come viciously and up it goes with stable medium volume. So this interprets the periodic selloffs as the important events and loses out on runups.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27814. (Read 26710270 times)