Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29227.

Dragonkiller

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Super Smash Bros. Ultimate Available Now!

Quote from: dreamspark on February 25, 2014, 06:07:48 PM

From the source of that news story it sounds more like government from the way MK is speaking ? The fact he says they're not lost but temporarily unavailable. Also when asked about if a digital currency like bitcoin could exist he said it was hard to say there is a lot of bank and government pressure. Money laundering seizures or something similar ?

he's talking about seizures, problems they've had with banks etc in the past

the coins are gone, 'temporary unavailable' means he hoped he could make it back over time following the crisis strategy

smashing

newbie

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http://regmedia.co.uk/2012/10/18/blofeld.jpg

Never trust a man with a cat

Dragonkiller

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Quote from: jojo69 on February 25, 2014, 06:08:42 PM

Quote from: Dragonkiller on February 25, 2014, 06:04:34 PM

Quote from: jojo69 on February 25, 2014, 06:03:08 PM

Quote

Karpeles denies the document was produced by Mt. Gox, but confirms that it is “more or less” legitimate.

yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about.

the unnoticed loss of >700,000 BTC just beggars belief...speechless

apparently all his own coins have been lost too as he kept them on gox :/
it's just really really sad, can't believe someone could be so stupid

jojo69

legendary

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diamond-handed zealot

Quote from: Dragonkiller on February 25, 2014, 06:04:34 PM

Quote from: jojo69 on February 25, 2014, 06:03:08 PM

Quote

Karpeles denies the document was produced by Mt. Gox, but confirms that it is “more or less” legitimate.

yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about.

the unnoticed loss of >700,000 BTC just beggars belief...speechless

dreamspark

hero member

Activity: 798

Merit: 1000

From the source of that news story it sounds more like government from the way MK is speaking ? The fact he says they're not lost but temporarily unavailable. Also when asked about if a digital currency like bitcoin could exist he said it was hard to say there is a lot of bank and government pressure. Money laundering seizures or something similar ?

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: fluidjax on February 25, 2014, 06:04:36 PM

So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.

i seriously doubt anyone will get any money or coin out of gox for a very very long time (if ever)

Yololintian

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Activity: 293

Merit: 250

Quote from: fluidjax on February 25, 2014, 06:04:36 PM

So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.

Lol people lose 50%+ of their highly speculative investment and the first thing they do is throw more money into it.

fluidjax

hero member

Activity: 750

Merit: 601

So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: jojo69 on February 25, 2014, 06:03:08 PM

Quote

Karpeles denies the document was produced by Mt. Gox, but confirms that it is “more or less” legitimate.

yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about.

jojo69

legendary

Activity: 3374

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diamond-handed zealot

Quote

Karpeles denies the document was produced by Mt. Gox, but confirms that it is “more or less” legitimate.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

frank754

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Activity: 84

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So is the consensus now that the bottom is reached and it will only go up? Would you trade in all your other altcoins for BTC right now (while BTC is cheap) or hold them?

Arcas

hero member

Activity: 1036

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Quote from: BRADLEYPLOOF on February 25, 2014, 05:56:20 PM

I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"

I pronounce it "Mount Cocksuckers"

Potato Potahto

medialab101

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Activity: 583

Merit: 500

Quote from: BRADLEYPLOOF on February 25, 2014, 05:56:20 PM

I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"

Empty Gooooooootcha!

BRADLEYPLOOF

hero member

Activity: 520

Merit: 500

I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: porcupine87 on February 25, 2014, 05:52:47 PM

What are the odds that we stay over 500 the next 24h?

Pretty good unless there's a goxxing from beyond the grave.

porcupine87

hero member

Activity: 546

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hm

What are the odds that we stay over 500 the next 24h?

billyjoeallen

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Hide your women

Quote from: magicmexican on February 25, 2014, 05:44:52 PM

http://www.foxbusiness.com/markets/2014/02/25/mt-gox-ceo-says-on-internet-chat-hasnt-given-up/

Fuck. “Giving up,” says Karpeles, “is not a part of how I usually do things.” That's your problem, Mark. Got to know when to hold 'em. Know when to fold 'em.

The guy's herpes. Just keeps coming back.

seleme

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Duelbits.com

Quote from: Chang Hum on February 25, 2014, 05:48:58 PM

can anyone succesfully log in and see the order book on bitcoinbuilder? think it's been hacked due to maliability

witdhrawal turns - unable to select database.

Lol, imagine if even this turns to bonkers

magicmexican

hero member

Activity: 812

Merit: 1000

at least we know that mark gained 30kg

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29227. (Read 26609517 times)