Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29157. (Read 26711434 times)

legendary
Activity: 1372
Merit: 1000

  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

he doesn't want to fold, he isn't, he is being controlled by TPTB, they sent silk road layers after him, and his bank (Mizuho Bank) with Gag orders, he is playing for time, still he has no Bitcoins, if TPTB win the coins are lost, or he wins (not a chance i think) he gets his safety deposit box back.  

Do you mean that he is in a similar boat as Charlie Shrem?

way more screwed
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
NOTE: An advantage of a flat prediction is that is irritates the bulls and the bears, equally.

No one can complain they have been unfairly treated then.
sr. member
Activity: 350
Merit: 250
This account was recently hacked
If MtGox has had all these bitcoins missing for years then I suppose it's possible that Karpeles borrowed them to spend on himself or MtGox itself when they were worth less than a dollar, but with the price shooting up x1000 over the following years repaying them would have been an impossible task.
hero member
Activity: 910
Merit: 1003
Chinese Slumber Method prediction for Saturday Mar/01

The price at the official Slumber hour today (Feb/28 19:00--19:59) was 3464 CNY.  The new data point leads to a slight revision of the last segment of the new trendline.  The average of the True Slumber Points since the Second Karpeles Catastrophe of Feb/20 (namely, Feb/21, 23--25, and 28) is now 3522 CNY instead of 3533. Thus,

Prediction valid for: Saturday 2014-03-01, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3522 CNY.
Bitstamp's predicted price: 575 USD.

The prediction is the blue rectangle at right in the chart below.  The orange and grey dots are the True and False Slumber Points, and the orange line is the new trendline.


For Bitstamp, as usual, I used Huobi's prediction divided by R = 6.12.

NOTE: An advantage of a flat prediction is that is irritates the bulls and the bears, equally.
zyk
full member
Activity: 224
Merit: 101
Well, it better go down now. I've turned to fiat almost all I could.


What price are you banking on?  $520-ish?  or some other amount?



  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

The ONLY explanation that I can think of is that HE was trying to appear as a GOOD and honest business man... in order that he would inspire investors to have confidence in him and that he was NOT just being a sheister..... ...




seems 530 to 600 is the new vol band.  probably be trading that range for a while


I predict 4-5 days at most in this range... then we are going to bust out... and be in the $750 to $850 range... ...  My prediction is based on pent-up demand for BTC...   and also based on the fact that we have largely found out enough facts about GOX in order to adequately understand the range of ramifications...


No you haven´t....who sold those 750000 BTC at Gox under 300 dollars and to which account were the

money withdrawn.....who was the 10 k wall 3 hours before bitidiot came out ?

Can you even fathom the ramnifications of this selling? Come on ...we are here to speculate! Wink
hero member
Activity: 910
Merit: 1003
Checking the Chinese Slumber Method predictions for Feb/28

(You weren't expecting it?  HA!  NOBODY expects the Chinese Slumber Inquisition!)

The chicken got tired it seems: Smiley

Prediction posted on: Friday 2014-02-28, 01:37 UTC
Prediction was valid for: Friday 2014-02-28, 19:00--19:59 UTC

Huobi's predicted price: 3533 CNY
Huobi's actual price (L+H)/2: 3464 CNY
Error: 69 CNY

Bitstamp's predicted price: 577 USD
Bitstamp's actual price (L+H)/2: 574 USD
Error: 3 USD

Trade volume Vd for today Feb/28 is already ~118 kBTC, and volume Vh in the official Slumber hour (19:00--19:59) was 546 BTC; so, by the new rule Vh/Vd < 0.005, it is a True Slumber Point, barely.

The price ratio between Huobi and Bitstamp has been close to the usual R = 6.12. Actually, for the last three days it was a bit lower, closer to 6.0.  That's strange since the official exchange rate increased three days ago from 6.09 to 6.14.

The Huobi prediction in question is the rightmost blue rectangle on the chart below.  The light blue-gray rectangles are the previous predictions.  The orange and grey dots are the True and False Slumber Points, the mean Huobi prices at 19:00 UTC every day.  The orange line is the trend that was assumed for the prediction.


The following chart shows the Bitstamp prices and predictions. The orange and grey dots are Huobi's prices at 19:00 UTC every day, divided by R = 6.12.  The orange line is the trend used in the prediction, which is Huobi's trend divided by R (6.40 for Feb/07--09, 6.12 for all other times).

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

he doesn't want to fold, he isn't, he is being controlled by TPTB, they sent silk road layers after him, and his bank (Mizuho Bank) with Gag orders, he is playing for time, still he has no Bitcoins, if TPTB win the coins are lost, or he wins (not a chance i think) he gets his safety deposit box back.  

Do you mean that he is in a similar boat as Charlie Shrem?





legendary
Activity: 1372
Merit: 1000

  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

he doesn't want to fold, he isn't, he is being controlled by TPTB, they sent silk road layers after him, and his bank (Mizuho Bank) with Gag orders, he is playing for time, still he has no Bitcoins, if TPTB win the coins are lost, or he wins (not a chance i think) he gets his safety deposit box back.  
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Well, it better go down now. I've turned to fiat almost all I could.


What price are you banking on?  $520-ish?  or some other amount?



  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

The ONLY explanation that I can think of is that HE was trying to appear as a GOOD and honest business man... in order that he would inspire investors to have confidence in him and that he was NOT just being a sheister..... ...




seems 530 to 600 is the new vol band.  probably be trading that range for a while


I predict 4-5 days at most in this range... then we are going to bust out... and be in the $750 to $850 range... ...  My prediction is based on pent-up demand for BTC...   and also based on the fact that we have largely found out enough facts about GOX in order to adequately understand the range of ramifications...









zyk
full member
Activity: 224
Merit: 101
stamp already needs ages to process withdrawls..their trading machine discovers the Gox -lag...halting

withdrawls under pretext of not having enough KYC ?...haven´t I been through this already???

may I need to tell you that a fractional will be discovered there when price stamps out 400 again ?

but you may enjoy watching fat guys swimming naked by now....must be funnier then observing walls Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2338
Merit: 2106
http://www.theverge.com/2014/2/28/5453596/voynich-manuscript-decrypting-the-most-mysterious-book-in-the-world

^ might be of interest to Jorge.

Also, how can we interpret this as bullish for bitcoin?

bullish. voynich was the first attempt from future masterminds to send information back in time to safe mankind from another dark ages. they just fucked up the code they used. the bitcoin whitepaper was another of those attempts. they managed it to write it in english this time.  Wink
zyk
full member
Activity: 224
Merit: 101
So on stamp there are 11 000 coins to 500$? I think that guy who sold 2000btc just has not enough coins Smiley

Nobody ever has enough coins to sell,sell,sell them therefore bfx pays 0.3 daily interest...so

BUYBUYBUY
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
seems 530 to 600 is the new vol band.  probably be trading that range for a while
hero member
Activity: 546
Merit: 500
hm
So on stamp there are 11 000 coins to 500$? I think that guy who sold 2000btc just has not enough coins Smiley
full member
Activity: 125
Merit: 100

  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?



This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?
newbie
Activity: 39
Merit: 0
I am sure the 10k whale ain't buying back, but decided to cash out  exactly 10,000 btc last time, which suggest he has more btc in reserve
Now i can only guess that he turned bear and fearful with Gox demise..  

The sell wall originally was 10kbtc, although I believe he actually marked sodled about 5700 btc (you check bitcoin wisdom on 15m time interval)

He might have been selling small amounts upfront or afterwards... don't know

the rest was bought on original wall.

Ok, missed that one.

legendary
Activity: 2772
Merit: 1028
Duelbits.com
Well, it better go down now. I've turned to fiat almost all I could.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

  

Frrom Bitcoinbuilder FAQ
Quote
As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?

full member
Activity: 263
Merit: 101
What is the best website to observe walls ?
Jump to: