Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27938. (Read 26652393 times)
April 29, 2014, 03:00:54 AM
April 29, 2014, 02:51:20 AM
Thanks to the Chinese traders, we will all be able to short the market again in and day or so and much a ton of cash.
Unfortunately the pumps keep taking us less and less high up, so coming down is not as much fun.
However, I think these guys got at least one more good one in them.
Maybe we will see 2850 if we are lucky.
Unfortunately the pumps keep taking us less and less high up, so coming down is not as much fun.
However, I think these guys got at least one more good one in them.
Maybe we will see 2850 if we are lucky.
This is like a fractal where we keep hitting a lower low and then going back to 2850. We're on the 4th zoom-out of the fractal now at least. This incarnation should last several days and the termination of this one will be the final one when it hits the major log downtrend and we rocket down.
April 29, 2014, 02:50:21 AM
In recent postings, you have become quite intense in your FUD spreading.
Your above post is filled with many unfounded assumptions. Coins would have to be sold for much below market rate before there would be an incentive to dump. I do NOT see whey the GOVT would sell BTC below market rate unless there is some kind of collusion.. .for example selling to some big bank that wants to bring down the BTC market.
https://bitcointalksearch.org/topic/final-warning-for-long-term-holders-577764
The referred to thread does NOT relieve you of your responsibility in your having had spread FUD.
April 29, 2014, 02:46:19 AM
Thanks to the Chinese traders, we will all be able to short the market again in and day or so and much a ton of cash.
Unfortunately the pumps keep taking us less and less high up, so coming down is not as much fun.
However, I think these guys got at least one more good one in them.
Maybe we will see 2850 if we are lucky.
Unfortunately the pumps keep taking us less and less high up, so coming down is not as much fun.
However, I think these guys got at least one more good one in them.
Maybe we will see 2850 if we are lucky.
April 29, 2014, 02:45:27 AM
I don't claim to be an expert in any of these various economic theories, but there seems to be some sense in what BJA is saying - apart from his having to feel some kind of irresistible urge to dish out insults regarding the competency and/or intelligence of regular people.
I do believe that the status quo wealthy will put up quite a bit of a battle in any redistribution of wealth attempts in order that redistribution of wealth is only minimum..
In other words the status quo wealthy use any tools at their disposal by hook or by crook to ensure that redistribution of wealth does NOT leave them hanging high and dry. They may NOT be too successful with bitcoin b/c the train may leave some of them, but they are going to put up several obstacles along the way and secretly board at later stops.
I think it is quite possible bordering on probable that I am one of the incompetents I am referring to. It's not intended as an insult. It's just part of the theory.
Part of my issue, though, in your framing in competence and/or intelligence is that it seems to assume too much about the wealthy being competent or smart. Just b/c someone has a lot of power and/or resources at his/her disposal and wants to engage in a large variety of strategies to maintain the status quo and to preserve that wealth and those resources does NOT mean that the person is smarter or more competent.. even though the one with the resources and wealth may win (in spite of not being smarter or more competent).
April 29, 2014, 02:44:52 AM
Gox customers will be scammed twice if this goes through:
http://www.savegox.com/press/Gox_Creditor_Settlement_Press_Release.pdf
Their PR is answering questions :
https://bitcointalksearch.org/topic/savegoxcom-587295
http://www.savegox.com/press/Gox_Creditor_Settlement_Press_Release.pdf
Their PR is answering questions :
https://bitcointalksearch.org/topic/savegoxcom-587295
April 29, 2014, 02:15:55 AM
Wasn't the fate of mtgox being overseen by a judge now? When I see that a judge made a ruling, then I'll pay attention.
At a separate hearing before the judge Thursday, they are expected to present their case for that agreement, which in addition to the equity stake includes prorated disbursements out of Tokyo-based Mt. Gox's holdings of 200,000 bitcoins and traditional currency. The terms would apply to all creditors worldwide, though it was signed on behalf of U.S. and Canadian members of the proposed class actions. If the U.S. court approves the plan, the investor group, Sunlot Holdings, would then seek approval of the Japanese court overseeing the bankruptcy.
new fud date besides the China bs, seems farm from concrete. I guess will see if they bring this to the Japanese court.
April 29, 2014, 02:09:43 AM
April 29, 2014, 02:07:35 AM
Wasn't the fate of mtgox being overseen by a judge now? When I see that a judge made a ruling, then I'll pay attention.
April 29, 2014, 02:00:55 AM
April 29, 2014, 01:57:29 AM
Anyone read that Gox is being saved? or am I being trolled
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
Aren't people fed up with zombie movies yet? http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
EDIT: @billyjoeallen beat me by a nose....
April 29, 2014, 01:46:16 AM
Anyone read that Gox is being saved? or am I being trolled
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
It's irrelevant to the pump, that's for sure
We do not need Gox back from the dead. We do not need China back from the dead. Amateur hour is supposed to be over. Zombie exchanges have the same effect on the bitcoin economy as zombie banks have in the fiat economy. Damoclesian swords over our heads.
April 29, 2014, 01:44:46 AM
Goxcoin on the pump?
If only builder was still open, imagine the trading opportunities. 
April 29, 2014, 01:42:47 AM
Goxcoin on the pump?
April 29, 2014, 01:39:22 AM
Huobi is certainly on a little rip. Any idea why?
Stamp too
Anyone all in fiat? Might get expensive..
It might, but $450 isn't any higher than we were 24 HRs ago. If you can trade these swings, more power to you. It looks like a big circle jerk to me.
April 29, 2014, 01:39:02 AM
Anyone read that Gox is being saved? or am I being trolled
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
It's irrelevant to the pump, that's for sure
April 29, 2014, 01:33:43 AM
Anyone read that Gox is being saved? or am I being trolled
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
It's irrelevant to the pump, that's for sure
April 29, 2014, 01:29:55 AM
Anyone read that Gox is being saved? or am I being trolled
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
http://www.marketwatch.com/story/mt-gox-stakeholders-to-try-reviving-exchange-2014-04-29#
April 29, 2014, 01:26:23 AM
Any thoughts on this one? News released today. This could crash the price hard. 385000BTC for $3M USD? what?
http://www.coindesk.com/us-government-sells-silk-road-users-seized-bitcoins-for-3-million/
http://www.coindesk.com/us-government-sells-silk-road-users-seized-bitcoins-for-3-million/
if they sold 380,000 btc for 3m, that would be $12 each. - must be a portion, or Im missing out on some seriously 'cheap coins'
Well it's unlikely that they will sell 380,000BTC for the full $173M they are worth. Someone will get cheap coins
Bitcoins are fungible, so even if they don't get dumped on the market, other coins that would have otherwise gone to the purchasers of the seized coins will get dumped on the market. Mathematically it is irrelevant if the result is selling pressure or lack of buying pressure. There is a downward price effect on the market either way.
+1 Same goes for 200,000 Gox BTCs to be liquidated.
And US goverment has now more than 500,000 BTC ?!? 30+k from Silk Road, 130+ personal Ullbricht stash plus 385k from this new drug dealer?
This. The amount of seized BTC that has to be auctioned and dumped on the market is so high... At least 400K (GOX+Silk+others), if not more, probably sold well under $250 for each coin, ready to be dumped on the market at any point. Truth is, even a relatively small 20K dump could totally crash BTC's value to $50/coin.
I could literally wake up one day and see BTC's value drop 50%. This will kill BTC's long term value, seriously scary stuff
In recent postings, you have become quite intense in your FUD spreading.
Your above post is filled with many unfounded assumptions. Coins would have to be sold for much below market rate before there would be an incentive to dump. I do NOT see whey the GOVT would sell BTC below market rate unless there is some kind of collusion.. .for example selling to some big bank that wants to bring down the BTC market.
I agree that government officials don't care about the price of bitcoin. However, as those forfeited bitcoins are public assets, it is their DUTY to sell them at the highest price as possible, or at least a "fair price" at the time of sale. Otherwise, a corrupt official could easily indirectly sell the bitcoins to himself at $1 each.
Also, I don't see why auctions must lead to a ridiculously low price. A public, open auction should lead to a fair price.
April 29, 2014, 01:24:16 AM
Huobi is certainly on a little rip. Any idea why?
Stamp too
Did some research. Absolutely nothing. Artificial pumping
Obviously stamp has to follow. lol
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