Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28038.

Davyd05

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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

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

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

y3804

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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

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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

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Activity: 672

Merit: 500

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

Davyd05

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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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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

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Activity: 1512

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@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

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

Stamp stopped giving a fuck

Europe is asleep.

JorgeStolfi

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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?

Cassius

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Quote from: chessnut on April 25, 2014, 12:13:59 AM

too far too fast. I think a bounce up to 480 is possible and, by my eyes likely.

"HOLY CRAP CHINA HAS BANNED - oh no, wait a minute..."

Davyd05

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Activity: 574

Merit: 500

Stamp stopped giving a fuck

windjc

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Quote from: chessnut on April 25, 2014, 12:13:59 AM

too far too fast. I think a bounce up to 480 is possible and, by my eyes likely.

Possibly. But we should all keep in mind that Houbi is front running the other exchanges. They will catch up. There is no 480 without Houbi. And in fact, currently the gap is bearish.

JorgeStolfi

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Activity: 910

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Quote from: KeyserSoze on April 25, 2014, 12:15:34 AM

I believe I have gleaned from Jorge's posts that he may be able to help us get into Latin America strong. He can really drum up support at the University, perhaps by pacing around in front of the cafeteria wearing a Bitcoin sandwich board.

I will ask Dilma to appoint me Minister of Bitcoin, and put the BCB (Central Blockchain of Brazil) under my authority.

If THAT news does not crash the price to zero, nothing will.

windjc

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Activity: 2156

Merit: 1070

Quote from: y3804 on April 25, 2014, 12:16:49 AM

Quote from: chessnut on April 25, 2014, 12:13:59 AM

too far too fast. I think a bounce up to 480 is possible and, by my eyes likely.

+1. Only Alipay has confirmed the news for now. Still more than two weeks for banks to confirm the news and cancel fiat withdrawal, etc... Until then this is hoax

So, in other words, this is just the first of many large sell offs in China?

rpietila

donator

Activity: 1722

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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.

y3804

sr. member

Activity: 406

Merit: 250

Quote from: chessnut on April 25, 2014, 12:13:59 AM

too far too fast. I think a bounce up to 480 is possible and, by my eyes likely.

+1. Only Alipay has confirmed the news for now. Still more than two weeks for banks to confirm the news and cancel fiat withdrawal, etc... Until then this is hoax

KeyserSoze

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Activity: 560

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Quote from: windjc on April 25, 2014, 12:08:10 AM

If this news is real, then I welcome it. I would love for China to leave the bitcoin game entirely (at least for a few years until they may be forced back into it). Then we can get some real capitulation, find real support in the market and slowly let bitcoin re-earn the respect of future investors. Then we can go off towards the moon again.

I believe I have gleaned from Jorge's posts that he may be able to help us get into Latin America strong. He can really drum up support at the University, perhaps by pacing around in front of the cafeteria wearing a Bitcoin sandwich board.

chessnut

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Activity: 924

Merit: 1001

too far too fast. I think a bounce up to 480 is possible and, by my eyes likely.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28038. (Read 26712671 times)