There is also a thread that discusses that proposal, with QA from their PR guy:
https://bitcointalksearch.org/topic/savegoxcom-587295
Frankly, to me it looks like the goal of the project is to prevent a police investigation of what happened at MtGOX.
The police can subpoena Mark and the banks to get the identities of suspect MtGOX customers and the bank accounts of suspect insiders. A private investigator cannot do that. That for starters.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27882. (Read 26681890 times)
May 02, 2014, 04:20:38 AM
May 02, 2014, 04:01:19 AM
Dump like that is likely by someone with inside info. Expect a bad news article soon.
I didn't watch the trades at the time, but from the 1m chart I would say that someone at BTC-e suddenly sold all his coins into walls at 435 and 430, and marched out, stomping and slamming the door.Another 43 like him and the price will be down to single digits.
Another 44 like him...
May 02, 2014, 04:00:50 AM
May 02, 2014, 03:41:49 AM
Yeah I am just going to hold and wait for this to all blow over.
May 02, 2014, 03:40:09 AM
May 02, 2014, 03:10:54 AM
Looks like a brontosaurus. Or some dinosaur.
These are the magic words. Add a double or a triple-bottom, and it'll skyrocket
May 02, 2014, 03:00:53 AM
May 02, 2014, 02:51:51 AM
Looks like a brontosaurus. Or some dinosaur.
May 02, 2014, 02:45:38 AM
breakout is very much possible today!!
downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD
What if it breaks down?
then we are all fucked and I will not be able to retire when I am 26 years old
edit: crucial support tested as we speak:
May 02, 2014, 02:22:35 AM
breakout is very much possible today!!
downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD
What if it breaks down?
May 02, 2014, 02:18:51 AM
Decision time.
Testing lower trendline of this rally on NO news.
Very bearish if support gets broken here, imo.
May 02, 2014, 02:15:57 AM
breakout is very much possible today!!
downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD
May 02, 2014, 02:00:50 AM
May 02, 2014, 01:00:49 AM
May 02, 2014, 12:21:26 AM
If Houbi breaks down below 2750 and that begins to act as resistance, then things will start to get real bearish, imo.
Won't happen until Monday.. dat dump on BTC-E, though
Maybe not. I think we might range trade until sometime next week, when the next wave of "news" hits.
May 02, 2014, 12:17:01 AM
That wasn't a real dump. What we are seeing is simply an exhaustion of buyers.
No one wants to buy so we are starting to make lower highs. We might have one or two more pushups ahead the next handful of days - maybe to 470 or 480.
But the problem is when the buyers run out, then the market just waits for the next set of China news to dump all to hell.
No one wants to buy so we are starting to make lower highs. We might have one or two more pushups ahead the next handful of days - maybe to 470 or 480.
But the problem is when the buyers run out, then the market just waits for the next set of China news to dump all to hell.
That wasn't a real dump. What we are seeing is simply an exhaustion of buyers.
+1. Looking at the volume on 6h chart on Huobi confirms this. The holidays could also be a factor. Maybe this: https://www.youtube.com/watch?v=yzLT6_TQmq8
May 02, 2014, 12:16:57 AM
Go ahead guys CCMF trade this at your peril. I think I'll sit out.
It is looking more and more like in March indeed.
Even the volume is similar. I wonder if the Chinese have noticed this.
May 02, 2014, 12:16:47 AM
If Houbi breaks down below 2750 and that begins to act as resistance, then things will start to get real bearish, imo.
Won't happen until Monday.. dat dump on BTC-E, though
May 02, 2014, 12:14:38 AM
If Houbi breaks down below 2750 and that begins to act as resistance, then things will start to get real bearish, imo.
May 02, 2014, 12:13:04 AM
Traders are sheep to the charts. That's the only reason we are going down right now. Nothing has changed and there is no reason to dump, just someone trying to get a jump on a downtrend that may never come. They will just have to buy back at a loss like 99% of traders.
lol @ bolded part
Sounds about right. I doubt that more than 5% of the people trading make money. Probably way less.
It's like a casino. You see 100's of people who look like they know what they are doing but only a few go home with profit.
The thing is they just go back over and over again. Thinking this time they will make money but they just keep losing. The one time they win some they instantly forget that they lost the last 10 times. So they go on and lose whatever little profit they had again.
Watching these pumps and dumps every day i noticed it's exactly the same. Just a lot of losers. The result of being stupid. And i kinda enjoy watching it. I don't feel sorry for them. I've been there, i lost, and got the hint.
The whales who lead the pump and dumps make money. The small guys trying to follow it with 10 coins end up losing them eventually. Money makes money. No money means you need to start working. Not gambling.
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