Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28036.

ShroomsKit

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Activity: 672

Merit: 500

Quote from: njcarlos on April 25, 2014, 01:16:35 AM

Quote from: ShroomsKit on April 25, 2014, 01:14:22 AM

No basis...because you say so?

Basis is because this is the likely point of stable growth had China not had their mass adoption that sent the price through the roof. As they exit, the valuation will reset to it's previous trend. And in my opinion, that's in the $200-300 zone.

Ah your opinion. Ok.

rpietila

donator

Activity: 1722

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Quote from: njcarlos on April 25, 2014, 01:09:24 AM

Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.

Yes, it truly is as if nobody would be able to see more than a few days into the future, and that the price today would have no correlation to expectations of long term value (and only be a product of buying and selling pressure in a given day, in exchanges that lack liquidity).

It is somewhat irritating in the short term but gives an opportunity in the next bubble. I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT? Wink

njcarlos

sr. member

Activity: 280

Merit: 250

Quote from: ShroomsKit on April 25, 2014, 01:14:22 AM

No basis...because you say so?

Basis is because this is the likely point of stable growth had China not had their mass adoption that sent the price through the roof. As they exit, the valuation will reset to it's previous trend. And in my opinion, that's in the $200-300 zone.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: cAPSLOCK on April 25, 2014, 01:07:31 AM

We will stabalize @ 447-502 for a shot time (hours) before dropping quickly to ~ 408 where serious resistance will be met.

Is this a fact?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: njcarlos on April 25, 2014, 01:09:24 AM

Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.

No basis...because you say so?

njcarlos

sr. member

Activity: 280

Merit: 250

Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

We will stabalize @ 447-502 for a shot time (hours) before dropping quickly to ~ 408 where serious resistance will be met.

Tyson95

full member

Activity: 166

Merit: 100

Went to sleep at 500 feeling good and wake up to this shit, wow bitcoin.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: rpietila on April 25, 2014, 12:20:13 AM

Quote from: shmadz on April 24, 2014, 11:36:10 PM

here's a question,

why doesn't this get more play around here?

http://www.cnet.com/news/mt-gox-liquidation-given-go-ahead-by-tokyo-court/

this effectively means that any and all assets of value will be sold to make a pile of money for the lawyers and accountants and all them,

I would see this as cheap bitcoin flooding the market, but I have sometimes been know to see things which are not there.

Not that it is much of my business, but...

...why is there no discussion anywhere that the BTC given to Mt.Gox for safekeeping are not that company's assets, nor loans to it? They belong to the customers as customer property (or customer funds). In liquidation, the customer property is returned to its owner and not commingled with company assets nor used to pay its lawyers. If the guardian has failed with safekeeping so that a part of the property is stolen, the loss should be prorated, especially if there is no mention in TOS.

Actually it is my business (point: III). I decided to mention this once in every 500 posts.

Lawyers make the rules. The coins and fiat at Gox are debts like any others, I'm afraid. That hurts me too. I didn't get everything out before it imploded. Just most of it.

Davyd05

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Activity: 574

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Quote from: y3804 on April 25, 2014, 12:58:16 AM

Quote from: gizmoh on April 25, 2014, 12:56:57 AM

Quote from: ShroomsKit on April 25, 2014, 12:55:57 AM

Why does this ridiculous panic continue? Wth is wrong with these idiots!

Because it is the end of Chinese pump era, this time Confirmed!

What he said ^^.

China led us from $100 to $1000. China will drive us back to $260. End of story.

LOL...that is all..

akujin

sr. member

Activity: 336

Merit: 250

Quote from: ShroomsKit on April 25, 2014, 12:55:57 AM

Why does this ridiculous panic continue? Wth is wrong with these idiots!

y3804

sr. member

Activity: 406

Merit: 250

Quote from: gizmoh on April 25, 2014, 12:56:57 AM

Quote from: ShroomsKit on April 25, 2014, 12:55:57 AM

Why does this ridiculous panic continue? Wth is wrong with these idiots!

Because it is the end of Chinese pump era, this time Confirmed!

What he said ^^.

China led us from $100 to $1000. China will drive us back to $260. End of story.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: ShroomsKit on April 25, 2014, 12:55:57 AM

Why does this ridiculous panic continue? Wth is wrong with these idiots!

Because it is the end of Chinese pump era, this time Confirmed!

akujin

sr. member

Activity: 336

Merit: 250

ShroomsKit

hero member

Activity: 672

Merit: 500

Why does this ridiculous panic continue? Wth is wrong with these idiots!

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Cassius on April 25, 2014, 12:43:59 AM

Quote from: windjc on April 25, 2014, 12:34:48 AM

Quote from: Davyd05 on April 25, 2014, 12:30:56 AM

Stamp stopped giving a fuck

Europe is asleep.

I wish. My son woke up early and I'm dividing my time between getting some work done, these boards and the Night Garden. Honestly I'm not sure which is more surreal sometimes.

and stamp is back on the reaction slide.. I gotta send money to the exchange tomorrow.. lowering average buy in price ..Is just a must..

found 1900 cash in trust to me, it was a mutual fund setup in 97' it peaked in 07-08' at like 2400...initial value was 1100... I mean 14 years to be up $800.. in a growth fund.. I think I'd rather give the 1800 14 years in cold storage as btc now.

Cassius

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Activity: 1764

Merit: 1031

Quote from: windjc on April 25, 2014, 12:34:48 AM

Quote from: Davyd05 on April 25, 2014, 12:30:56 AM

Stamp stopped giving a fuck

Europe is asleep.

I wish. My son woke up early and I'm dividing my time between getting some work done, these boards and the Night Garden. Honestly I'm not sure which is more surreal sometimes.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: rpietila on April 25, 2014, 12:20:13 AM

Quote from: shmadz on April 24, 2014, 11:36:10 PM

here's a question,

why doesn't this get more play around here?

http://www.cnet.com/news/mt-gox-liquidation-given-go-ahead-by-tokyo-court/

this effectively means that any and all assets of value will be sold to make a pile of money for the lawyers and accountants and all them,

I would see this as cheap bitcoin flooding the market, but I have sometimes been know to see things which are not there.

Not that it is much of my business, but...

...why is there no discussion anywhere that the BTC given to Mt.Gox for safekeeping are not that company's assets, nor loans to it? They belong to the customers as customer property (or customer funds). In liquidation, the customer property is returned to its owner and not commingled with company assets nor used to pay its lawyers. If the guardian has failed with safekeeping so that a part of the property is stolen, the loss should be prorated, especially if there is no mention in TOS.

Actually it is my business (point: III). I decided to mention this once in every 500 posts.

I agree with your interpretation of how the remaining assets of gox should be handled.

Unfortunately for the holders, my *limited* understanding of japan's bankruptcy protocols, they will first liquidate all holdings into a common asset (most likely japanese yen) and then distribute from there... It may take many years. Such is the pace of the legacy system.

Just an example how regulation only makes things worse.

this fight is only starting...

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Davyd05 on April 25, 2014, 12:30:56 AM

Stamp stopped giving a fuck

Europe is asleep.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: rpietila on April 25, 2014, 12:20:13 AM

...why is there no discussion anywhere that the BTC given to Mt.Gox for safekeeping are not that company's assets, nor loans to it? They belong to the customers as customer property (or customer funds).

Is this interpretation confirmed by courts somewhere?

One possible complication is that bitcoins were virtually traded for dollars etc. inside MtGOX. So if a client deposited 200$ when the BTC price was 10$, and traded traded traded until he had 50BTC and 600$ in his MtGOX's account -- are those 50BTC and 600$ his "property given to MrGOX for safekeeping", debts of MtGOX towards him, or just irrelevant numbers once displayed on a webpage?

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