Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28308. (Read 26611230 times)

Has anyone noticed that usually these bad news/crashes come before the weekend?

I am just saying... from Friday to late Monday, usually you can't move fiat around. If you deposit on Friday, it will probably arrive sometime on Tuesday/Wednesday.
Therefore, a rally won't come until Tuesday / Wednesday, when more fiat will come into the market.

At the same time, if you want to crash BTC to buy cheap, you will want to crash it on a Friday.
Hmmm...

no i don't think so Hollywood i checked it out they want nothing to do with bitcoin(~nervous Russians mehhh)

:-)

i may be wrong but who would throw money into that murky pool with tainted history and huge debt?

article above

is there a way to get behind that wsj paywall?

Sounds like a good plan for me.
I am out of fiat on Stamp (might transfer a little more after the next pay check), and I am going to pull all of my sell orders, except for a couple of high-end ones, and move all my BTCs from the exchange to cold storage.
See you all in a few months (yes, I know optimistic of me)

ytd lows LTC 

May I offer you a Pez?

SHOW ME THE MONEY YOU SCAMMER!!!!

like i said you are totally full of shit ! I have as many bitcoins you want to buy @ $389 ! You don't remember me pushing the price over $500 via the Wall Street "usual suspects" you said you would sell me coins for $700 and when the time came you ignored me!!! Now how many you want to buy? LOL that's what i thought you fucking troll!!! =) GTFO!!!

Investor Group Seeks Court OK to Buy, Revive Bankrupt Bitcoin Exchange Mt. Gox
A group of investors with Hollywood ties is seeking to revive bankrupt bitcoin-trading exchange Mt. Gox, according to people familiar with the matter.
The investor group, which includes Brock Pierce, a former child actor-turned technology entrepreneur, is offering a token payment of one bitcoin, or about $400, to buy the exchange outright, according to these people. The acquisition must be approved by a Japanese bankruptcy court.
Mt. Gox collapsed in February after disclosing that 750,000 bitcoins belonging to customers had vanished, along with an additional 100,000 bitcoins owned by the virtual-currency exchange. Since then, about 200,000 bitcoins have been recovered and are part of the exchange's assets.
The investor group hopes to revive the exchange and set aside 50% of its transaction fees to pay back burned customers and other creditors over time, according to documents filed to the Japanese bankruptcy court and reviewed by The Wall Street Journal.
The near-zero valuation of the proposed deal could to be a hurdle in bankruptcy court.
According to people familiar with the plan, the group is justifying the low price because of the "information vacuum" over Mt. Gox's 550,000 missing bitcoins, currently worth about $220 million. It isn't possible to place a value on the lost coins, they said.
Creditors, who have been stuck in limbo since their accounts were frozen, would have the option of receiving a prorated payment from the 200,000 recovered bitcoins, an estimated 20% recovery value on their claims, or receiving the equivalent amount in equity in the new exchange.
Launched in 2009, bitcoin is a computer-driven currency that isn't backed by a central bank. Users "mine," or create, bitcoins by tapping high-powered computers to answer complex mathematical problems. The coins are stored in digital wallets that have proven to be susceptible to hacking.
Bitcoin's price soared to more than $1,100 in November before plunging as Chinese government officials clamped down on bitcoin trading and Mt. Gox lurched toward bankruptcy. The Tokyo exchange halted customer withdrawals in dollars last year, and in February stopped allowing customers to withdraw money in any currency.
The potential revival of Mt. Gox, which had struggled with technical problems for months before its collapse, comes at a critical time for the virtual currency. A wave of big investors are pouring money into startup bitcoin businesses, but price volatility and regulatory scrutiny are creating uncertainty about the currency's long-term prospects.
Mr. Pierce, 33 years old, appeared in "The Mighty Ducks" movie series in the 1990s, and has since become an investor focused on technology companies.
Other investors in the group include venture capitalists William Quigley, the managing director of Santa Monica, Calif.-based Clearstone Venture Partners and a former financial director Disney Inc.'s licensing businesses; and Matthew Roszak, a partner at Chicago-based SilkRoad Equity, a venture-capital firm. John Betts, who ran electronic trading platforms at Morgan Stanley and Goldman Sachs Group Inc., would be the chief executive of the proposed new firm, according to the plan.

Plz post whole article?

Hollywood.  The perfect partner to empty gox 

My friend rpietila seems nervous.  I am a Bitcoin true believer and when the chart tells my to buy, I will buy like a motherfucker, but right now I'm margin short and making money.

Actually it is only ONE bank in Australia; and AFAIK there are no exchanges with significant volume in Australia, are there?

MAGIC THE GATHERING GAME IS STILL BIG!!!! I've been seeing local comic book shops all over >> booming!!!



LOL!!!

So you seem to be describing my theory, as well.  That the exchanges push BTC prices down b/c big cats (or whales) are NOT storing their fiat there.... for exactly the GOX fears you mentioned.  Accordingly, the exchanges are disproportionately BTC laden and BTC holder's ability to push down prices by selling lots of BTC.

Are you also saying that you do NOT have any avenues to buy large quantity of BTC off of the exchanges?   

I suspect that some whales are finding ways to transact directly from time to time, and accordingly, they are using the exchange price as their price guideline for such large transactions.  Some of the work on decentralized exchanges will hopefully solve some of these issues, but as soon as we begin to touch fiat, then we are getting back to some kind of bank(s) involvement.

Well ain't that sum shit lol

This explains today's crash...

Now the whole edifice is sure to crumble.

http://blogs.wsj.com/moneybeat/2014/04/08/bitcoin-believers-say-its-poised-for-rebound-once-dust-settles/

"He said that whereas there was $100 million invested in all of 2013 into “the bitcoin ecosystem,” there was $50 million invested in the first quarter of 2014 alone. He predicts that the year will see $500 million in the sector for the year as a whole."

Is this where you're getting the $5000 figure?

That is great news!  I don't have any coins in limbo but I am excited that there will be an option for those that do.  Very cool!!!