Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28849.

Erdogan

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Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Bitcoin in Ukraine is too small to affect the overall bitcoin price.

If the people on Кpим starts to use rubles in stead of гpивня, using the bitcointalk theory of money value, there should be a fall in the value of гpивня, not so much a rise in the ruble (because it is 500 times larger). Probably a fall could be explained by other reasons too, so we will never know.

Threebits

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Quote from: KeyserSoze on March 17, 2014, 02:02:58 AM

Quote from: Threebits on March 17, 2014, 12:25:25 AM

Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.

is there a thread here about this?

No. I conclude this myself. Anyway, activists have right to push for their good, by all means he can. Others have right to be pushed or not.

billyjoeallen

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Hide your women

Quote from: KeyserSoze on March 17, 2014, 02:18:31 AM

NewsWeak may want to prepare for reaming:
http://www.reddit.com/r/Bitcoin/comments/20m07a/statement_from_dorian_satoshi_nakamoto/

"NewsWeak" is right. Their whole story was circumstantial. The smoking gun was an admission that can be explained as miscommunication by a guy that didn't want to talk in the first place. At this point, I wouldn't even call it a weak case. More of a theory. Dorian has a civil case and I hope this results in a retraction or a settlement. Without more evidence, it's likely he'll get it.

JayJuanGee

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Activity: 3934

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: lyth0s on March 17, 2014, 01:27:19 AM

Quote from: billyjoeallen on March 17, 2014, 01:20:22 AM

Quote from: QuestionAuthority on March 17, 2014, 12:29:12 AM

Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Nailed it!

A sane rich guy would put his money in whatever asset was resistant to seizure if seizure was his primary concern.

It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.

with a volatile asset it could go to zero... but it could go to $10,000 or more, as well. Could lose 100% or could gain 1000% or more.

Accordingly, it would be worth the gamble to put some assets into BTC. OH.. by the way, BTC probably has a better chance to gain value than to lose value at this point.. and going to zero seems really unlikely.. though it may lower in value... that is possible.

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Threebits on March 17, 2014, 12:25:25 AM

Quote from: JayJuanGee on March 16, 2014, 12:25:52 PM

Quote from: JorgeStolfi on March 16, 2014, 11:57:02 AM

Quote from: chriswilmer on March 16, 2014, 11:38:21 AM

Quote from: JorgeStolfi on March 16, 2014, 11:12:07 AM

Is it my impression, or has there been a general clamp-down on discussion and analysis of the MtGOX heist and its leaked database? Tongue

It's just your impression and, more generally, the impression of Bitcoin bears.

People who have a predisposed opinion that Bitcoin is a bound-to-fail concept thought that the failure of Mt.Gox was proof that they were right. They assumed that Bitcoin would have gone to zero by now and that we would all be constantly talking about it.

People who are optimistic about Bitcoin's future don't find the Mt.Gox drama that interesting.

As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think.

But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, to me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved?

I would NOT let what some bitcoin users say signify the whole of the bitcoin community. Surely, there is NO consensus concerning the impact of Gox and the extent to which the GOX findings are going to continue to influence bitcoin beyond GOX... surely some bitcoiners are wishing that GOX would go away... but so what? There are going to continue to be aspect s of the Gox matter that will ripple into the bitcoin space b/c of the extent of it and b/c the story is still lacking in clarity... and accordingly evolving.

NONETHELESS, I have the sense that a lot of the major and uncertainty aspects of the GOX situation is contained, and the worst of the GOX situation has already been absorbed into bitcoin prices.... and maybe that is why we are getting stagnation and seemingly slow upward movement rather than getting an upward spike in BTC prices.

and the worst of the GOX situation has already been absorbed into bitcoin prices.. Huh

I wonder what fresh whales would consider. Would they jump in? They might think, where is the
transparency, where is security, and where is secrecy?

Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.

Seems to me, the worst of the GOX situation might have already been absorbed into bitcoin prices, but we are far from an uptrend. Behind, the fundamental problems in transparency, security, etc are still out there.

Seems as if we are making very similar comments, just using different phrases.

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Just the opposite. Seems like a good time to invest in bitcoin, especially for some rich person who wants to diversify his/her investment portfolio.

KeyserSoze

hero member

Activity: 560

Merit: 500

NewsWeak may want to prepare for reaming:
http://www.reddit.com/r/Bitcoin/comments/20m07a/statement_from_dorian_satoshi_nakamoto/

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: aminorex on March 17, 2014, 01:29:36 AM

Quote from: lyth0s on March 17, 2014, 01:27:19 AM

It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.

If you think BTC can easily be taken to $0, try it.

the amount of time trolls dedicate to Bitcoin should be a sign that it is succeeding in some sense, however the trolls are about as efficient as the gpu miners are for btc now lol

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

KeyserSoze

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Quote from: Threebits on March 17, 2014, 12:25:25 AM

Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.

is there a thread here about this?

chessnut

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Activity: 924

Merit: 1001

I think that the smart money has had plenty of warning over this situation. If there is war tomorrow, the people are not going to go running to their nearest bitcoin shop, it will take time for the opportunity to be realised and for word to spread.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: lyth0s on March 17, 2014, 01:27:19 AM

It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.

If you think BTC can easily be taken to $0, try it.

lyth0s

legendary

Activity: 1260

Merit: 1000

World Class Cryptonaire

Quote from: billyjoeallen on March 17, 2014, 01:20:22 AM

Quote from: QuestionAuthority on March 17, 2014, 12:29:12 AM

Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Nailed it!

A sane rich guy would put his money in whatever asset was resistant to seizure if seizure was his primary concern.

It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: QuestionAuthority on March 17, 2014, 12:29:12 AM

Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Nailed it!

A sane rich guy would put his money in whatever asset was resistant to seizure if seizure was his primary concern.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

surfer43

sr. member

Activity: 560

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"Trading Platform of The Future!"

Oh noes! Bitcoin has plummeted to 632! Shocked

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ShroomsKit on March 17, 2014, 12:16:15 AM

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

Nailed it!

Threebits

member

Activity: 75

Merit: 10

Quote from: JayJuanGee on March 16, 2014, 12:25:52 PM

Quote from: JorgeStolfi on March 16, 2014, 11:57:02 AM

Quote from: chriswilmer on March 16, 2014, 11:38:21 AM

Quote from: JorgeStolfi on March 16, 2014, 11:12:07 AM

Is it my impression, or has there been a general clamp-down on discussion and analysis of the MtGOX heist and its leaked database? Tongue

It's just your impression and, more generally, the impression of Bitcoin bears.

People who have a predisposed opinion that Bitcoin is a bound-to-fail concept thought that the failure of Mt.Gox was proof that they were right. They assumed that Bitcoin would have gone to zero by now and that we would all be constantly talking about it.

People who are optimistic about Bitcoin's future don't find the Mt.Gox drama that interesting.

As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think.

But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, to me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved?

I would NOT let what some bitcoin users say signify the whole of the bitcoin community. Surely, there is NO consensus concerning the impact of Gox and the extent to which the GOX findings are going to continue to influence bitcoin beyond GOX... surely some bitcoiners are wishing that GOX would go away... but so what? There are going to continue to be aspect s of the Gox matter that will ripple into the bitcoin space b/c of the extent of it and b/c the story is still lacking in clarity... and accordingly evolving.

NONETHELESS, I have the sense that a lot of the major and uncertainty aspects of the GOX situation is contained, and the worst of the GOX situation has already been absorbed into bitcoin prices.... and maybe that is why we are getting stagnation and seemingly slow upward movement rather than getting an upward spike in BTC prices.

and the worst of the GOX situation has already been absorbed into bitcoin prices.. Huh

I wonder what fresh whales would consider. Would they jump in? They might think, where is the
transparency, where is security, and where is secrecy?

Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.

Seems to me, the worst of the GOX situation might have already been absorbed into bitcoin prices, but we are far from an uptrend. Behind, the fundamental problems in transparency, security, etc are still out there.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: chessnut on March 16, 2014, 07:01:10 PM

Quote from: Ivanhoe on March 16, 2014, 06:24:07 PM

Who thinks the situation in Ukraine will spark something in the bitcoin price?

Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so?

Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: JorgeStolfi on March 17, 2014, 12:05:54 AM

A red cape post (just to irritate the bulls Grin

):
...
(WorldCom is the third-largest bankruptcy in US history, after Lehmann Bros and Washingtom Mutual https://en.wikipedia.org/wiki/MCI_Inc.#Bankruptcy)

Indeed you might post any of thousands of stocks which went to zero. How about posting all the fiat currencies which have gone to zero? I actually think you're making a bullish case here.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28849. (Read 26623569 times)