Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29176.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: JorgeStolfi on February 27, 2014, 12:03:25 AM

Quote from: fotosonics on February 26, 2014, 11:04:09 PM

Did you buy 1 bitcoin yet? That would make for some excitement

No. And I must confess to something much worse than pontificating on bitcoin without ever having used it:

I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve. Would you volunteer?

You're going to hate yourself when you read back your posts here in year or two. Oh boy.. Grin

pmorici

sr. member

Activity: 479

Merit: 250

Quote from: meanig on February 26, 2014, 10:50:35 PM

Be wary of the two-bit idiot guy. Just found some CONFIRMED bullshit in his gox blogs.

He says in this post from Wednesday 26th http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mt

Quote

SecondMarket was, in fact, approached by Mt. Gox some time last weekend. Mark Karpeles approached Barry Silbert to solicit an acquisition offer, and it seems likely that Silbert, who had already committed privately to building a US-based exchange bitcoin exchange, jumped at the opportunity to explore the deal.

However, when the magnitude of the theft and potential fraud became free, Silbert and his team quickly pulled out of discussions, sent an email to all employees over the weekend banning them from buying or selling bitcoin indefinitely, and most likely reported the suspicious activity to the authorities. As a regulated entity that probably signed a non-disclosure agreement before learning the full extent of the Mt. Gox damage, SecondMarket would have had no other choice, but to keep this out of the public eye, even if it was acting honestly behind the scenes.

But if you look at the numbers from the BIT thread you'll see that they've bought over 500 bitcoins this week.

https://bitcointalksearch.org/topic/m.5398518

Pretty sure he means that they were prohibited from trading for their personal accounts just like the employees of a hedge fund would be prohibited from trading in stocks that they might get special access to information to through their jobs. That isn't a comment on SecondMarket's activities as I read it.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: fotosonics on February 26, 2014, 11:04:09 PM

Did you buy 1 bitcoin yet? That would make for some excitement

No. And I must confess to something much worse than pontificating on bitcoin without ever having used it:

I have served jury duty five times, all murder cases, without having murdered anyone before.

So, before I buy some bitcoin, I must fill that gap in my experience, in case I am again called to serve. Would you volunteer?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JayJuanGee on February 26, 2014, 11:43:27 PM

NOW you are engaging in attacking the person and making labels rather than talking substance... Maybe you are just arguing for the sake of it b/c you have made NO point, yet.. except to make attempts at criticizing me in some kind of aloof way... what is your point, exactly? You are acting as if you has some high and mighty inside knowledge or what? If so, give me your sources.

*sigh* I have in insight into human nature that others with the same insight recognize and others don't. Mark's behavior is only fathomable given one scenario, the one I outlined in multiple previous posts. I also have enough insight to predict that you find my evidence an reason insufficient and will continue to do so until the whole story comes out, but by then BTC will be several hundred dollars higher than now.

I know that sounds arrogant and condescending. I'm sorry. I'm not known to play well with others.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JayJuanGee on February 26, 2014, 11:35:14 PM

Quote from: billyjoeallen on February 26, 2014, 10:43:39 PM

The bull case is being shouted down, but not by quality arguments. Look at the chart. I'd like to get a TA analysis by someone like TERA or another respected chartist. It looks ready to break out to the upside to me.

We CANNOT go upside with all this GOX uncertainty still looming in the public eye... even if some people here believe that the evidence is unambiguously clear. The public information remains far from clear... at this point... so I predict the top that we can get would be below $700... absent some resolution regarding the GOX situation.

Newbie, it's the bears that are uncertain. That's why they will blink first. The bulls have all the information they need.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: fotosonics on February 26, 2014, 11:34:58 PM

Quote from: seleme on February 26, 2014, 11:31:52 PM

Are you ready to be filthy rich? Shocked

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

Well, I guess I could try to handle it...

What do you mean by "filthy" rich? Define "Filthy."

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: billyjoeallen on February 26, 2014, 11:18:02 PM

Quote from: JayJuanGee on February 26, 2014, 11:15:11 PM

Quote from: billyjoeallen on February 26, 2014, 10:04:26 PM

Quote from: JayJuanGee on February 26, 2014, 09:32:40 PM

Quote from: Spaceman_Spiff on February 26, 2014, 08:07:43 PM

Quote from: billyjoeallen on February 26, 2014, 07:25:10 PM

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done. I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ? You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still. I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive. So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe

Good, anger- that's the next stage. You're making progress.

NOW you are engaging in attacking the person and making labels rather than talking substance... Maybe you are just arguing for the sake of it b/c you have made NO point, yet.. except to make attempts at criticizing me in some kind of aloof way... what is your point, exactly? You are acting as if you has some high and mighty inside knowledge or what? If so, give me your sources.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Where's all the TA chartists tonight? isn't this a pennant formation? http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu

Second Market exchange is going to be huge.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: billyjoeallen on February 26, 2014, 10:43:39 PM

The bull case is being shouted down, but not by quality arguments. Look at the chart. I'd like to get a TA analysis by someone like TERA or another respected chartist. It looks ready to break out to the upside to me.

We CANNOT go upside with all this GOX uncertainty still looming in the public eye... even if some people here believe that the evidence is unambiguously clear. The public information remains far from clear... at this point... so I predict the top that we can get would be below $700... absent some resolution regarding the GOX situation.

fotosonics

full member

Activity: 280

Merit: 100

Quote from: seleme on February 26, 2014, 11:31:52 PM

Are you ready to be filthy rich? Shocked

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

Well, I guess I could try to handle it...

fotosonics

full member

Activity: 280

Merit: 100

Looking at the buy pressure, feeling a lot like Sam Rockwell's character in "Galaxy Quest"

--"Um, there's a... red thingy... moving kinda fast towards the...green thingy"

Yep, I am a newbie when it comes to TA. But I am learning from this thread.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Are you ready to be filthy rich? Shocked

http://www.usatoday.com/story/money/business/2014/02/26/secondmarket-bitcoin-exchange-trading/5840593/

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: ?? on ??

Anyway, you think Guinness is a beer...your opinions are highly fallacious.

Agreed!

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JayJuanGee on February 26, 2014, 11:15:11 PM

Quote from: billyjoeallen on February 26, 2014, 10:04:26 PM

Quote from: JayJuanGee on February 26, 2014, 09:32:40 PM

Quote from: Spaceman_Spiff on February 26, 2014, 08:07:43 PM

Quote from: billyjoeallen on February 26, 2014, 07:25:10 PM

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done. I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ? You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still. I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive. So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe

Good, anger- that's the next stage. You're making progress.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: billyjoeallen on February 26, 2014, 10:04:26 PM

Quote from: JayJuanGee on February 26, 2014, 09:32:40 PM

Quote from: Spaceman_Spiff on February 26, 2014, 08:07:43 PM

Quote from: billyjoeallen on February 26, 2014, 07:25:10 PM

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done. I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

Why do YOU want to argue... ? You are speculating.. .and surely, I agree that there is a lot of inferential evidence pointing to bad conduct and/or fraud... however, it is far from certain, still. I am NOT in denial... I have NO stake in the outcome... except for the fact that I am invested in BTC.>>> but in either event, I will ake my investment decision based on facts.. rather than what continues to appear to be ambiguous speculation.

It is also far from clear about the extent of the fall out... ONCE that is made a little more clear, we will have a further market reaction (yes we already had some market reaction to this news).... and surely, the markets are going to begin to react.. far from any point of my knowing.. b/c there also seems to be quite a bit of insider trading going on in this BTC market..... ...

If BTC is NOT going to survive, then I am going to pull my investment; however, I tend to believe that the signs for the health of BTC, overall are positive. So, in that regard, I conclude that I do NOT have enough evidence to be in denial.. and you do not have enough either... hehehehehe

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Dragonkiller on February 26, 2014, 09:39:02 PM

Quote from: JayJuanGee on February 26, 2014, 09:32:40 PM

Quote from: Spaceman_Spiff on February 26, 2014, 08:07:43 PM

Quote from: billyjoeallen on February 26, 2014, 07:25:10 PM

Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done. I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

The customers will never get their funds and there was never any possibility of that happening. There were no buyers:

http://two-bit-idiot.tumblr.com/post/77967162725/breaking-full-mt-gox-story-coming

good old bitcoin, scams within scams, makes you wonder who you can trust...

almost makes you wish you could design a system that doesn't rely on trust...

oh wait...

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: derpinheimer on February 26, 2014, 10:59:36 PM

I know we are all happy that Gox is gone, but am I the only one really in awe at what happened?

Im guessing when a lot of people predicted Gox' death it was by them losing market share and closing up shop... not by losing $400m USD of user money.. just crazy! All this time, we've been in awe at the incompetence and BS.. And this is the underlying reason. I almost feel bad for Karpeles. I'd have to see the final story, but in the version i'm imagining.. the guy is just dumb, not a criminal.

Then again, we dont have the fully story.. I'm just curious if anyone feels the same shock as I do that they really are.. finally, gone?

That depends on what you mean by "dumb". Karpeles made a mistake or a series of mistakes and compounded the damaged dramatically, catastrophically by trying to cover it up. He was smart enough to hide the hollowing out of a major exchange for months if not years. I'm in awe of the scope of his failure, the extent of the damage and the fact that he still is denying it, rearranging deck chairs on an empty sinking vessel. Yeah. I'm still in shock, and in 100% BTC.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: derpinheimer on February 26, 2014, 10:59:36 PM

I know we are all happy that Gox is gone, but am I the only one really in awe at what happened?

Im guessing when a lot of people predicted Gox' death it was by them losing market share and closing up shop... not by losing $400m USD of user money.. just crazy! All this time, we've been in awe at the incompetence and BS.. And this is the underlying reason. I almost feel bad for Karpeles. I'd have to see the final story, but in the version i'm imagining.. the guy is just dumb, not a criminal.

Then again, we dont have the fully story.. I'm just curious if anyone feels the same shock as I do that they really are.. finally, gone?

It's the type of outcome that had someone on here proposed it as a theory, they would've been sent to the internet naughty step for sheer outlandishness.

I still feel it's possible that the coins' fate is tied up in criminal investigations or technical mediocrity rather than having vaporised completely but anything is now possible...

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: Walsoraj on February 26, 2014, 09:40:21 PM

^ bad news, but I don't think it will flash crash us back down to $400. Oh well.

What do you think, then? Maybe we may crash in the upper $400s... once again.. and then slowly move upwards... until we are over this GOX situation... actually the GOX situation is one that is still quite filled with speculation... there is NOT really a solid indication, yet b/c once there is a solid indications, the market is going to move either up or down... but ultimately it will be moving up... .. just may be stalled a little bit before getting there... depending on the travesty of the situation.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29176. (Read 26607984 times)