Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29229. (Read 26609497 times)
February 25, 2014, 05:24:16 PM
Is this the same guy that said Gox was solvent last week?
February 25, 2014, 05:10:59 PM
This has been one of the longest sustained rallies in weeks... hopefully it will lead us out of the downward spiral... now that gox uncertainty is out of the picture, I hope and believe we'll make it out now.
I hope so. I bought most of my stash in the new year bull trap, so it would be nice to break even. Especially because in real life I am completely broke!
February 25, 2014, 05:06:54 PM
This has been one of the longest sustained rallies in weeks... hopefully it will lead us out of the downward spiral... now that gox uncertainty is out of the picture, I hope and believe we'll make it out now.
February 25, 2014, 05:06:05 PM
February 25, 2014, 05:02:49 PM
February 25, 2014, 05:01:44 PM
I know/guess it's a troll
But threre is 5 address with 40Kish on each connected to this wallet
With BTC flying around yesterday.
https://blockchain.info/address/18f1yugoAJuXcHAbsuRVLQC9TezJ6iVRLp
https://blockchain.info/address/1DiHDQMPFu4p84rkLn6Majj2LCZZZRQUaa
https://blockchain.info/address/14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW
https://blockchain.info/address/1KiVwxEuGBYavyKrxkLncJt2pQ5YUUQX7f
https://blockchain.info/address/1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX
A well founded troll maybe ?
February 25, 2014, 05:00:26 PM
guys, have you noticed it ? check out bitcoinwisdom. as usual. stare at the monitor, check the charts.... let it sink in. well, ok, price may not be that exiting currently, but that is not what i´m talking about. can you feel it ?
the relief ? yeah, gox is missing. it looks so awesome, try it, it will make you smile instantly.
the relief ? yeah, gox is missing. it looks so awesome, try it, it will make you smile instantly.
February 25, 2014, 04:53:55 PM
February 25, 2014, 04:53:00 PM
but you have to admit the goat shitting all over the M logo is lulz.
Yer gox.com ? February 25, 2014, 04:51:18 PM
I've been thinking due to the volume of trade on bitcoinbuilder, and the efficiency and timeliness of the exchange, that it could be possible that bitcoinbuilder was mtgox coordinated effort to facilitate the selling of goxbtc (which mtgox can fabricate) for real btc in order to raise funds.
Gox, or a company planning to takeover Gox, can right now buy 8 GoxBTC IOUs for 1 real BTC at BitcoinBuilder. This would be a legal way to give depositors a voluntary "haircut" outside of bankruptcy. Eyeballing the bitcoinity chart, it looks like they've done about 80,000 GoxBTC in trades. A lot of this was swing trading, but perhaps 20,000 GoxBTC have been bought for an average price of 0.25, or 5,000 BTC.
Of course we can't know, but if this was a coordinate effort to buy up the IOUs for cheap, then this action could have reduced Gox's BTC liabilities by about 15,000 BTC.
If the 750,000 BTC loss is FUD, this might make sense...
That's a good way to look at it thanks! Would it not be possible for Mtgox to credit an internal address with 1000 GoxBTC / IOU's, deposit them on BitcoinBuilder and buy up real btc?
Both scenarios are possible: your's where they create fractional-reserve fake GoxBTC in order to get real BTC [and criminally increase their BTC liabilities], and mine where an interested third party buys up the GoxBTC for cheap [to reduce Gox's BTC liabilities for the takeover bid].
Your scenario is fraud pure and simple, while mine I think would actually be legal. I hope that I am right, but, at this point, who knows.
I'm thinking they will do whatever possible even illegal, in order to make good on customer deposits to avoid some type of investigation/prosecution.
February 25, 2014, 04:49:51 PM
Most simple solution are the best
*miss a banana but it's a big table !
*miss a banana but it's a big table !
J'ai ri à m'en décrocher la rate !
February 25, 2014, 04:49:36 PM
this the part where all the bears get mad because its going up when it should be going down.
February 25, 2014, 04:45:54 PM
in coming weeks?
He be dead in the coming weeks. Imagine how many people he fucked. And I bet, some of them are people you really do not want to mess with.
He be dead in the coming weeks. Imagine how many people he fucked. And I bet, some of them are people you really do not want to mess with.
MK has all ready ratted them out to the FBI, i think he'll be OK, this is part of the relocation program. (he'll have to cut out his desert coffees, and loos some weight. )
February 25, 2014, 04:44:54 PM
Holy shit, guys! I know a lot of you are hurting, and I'm sorry. 150+ of my bitcoins are going down with the gox ship, but I can't quite express just how excited I am for the future of bitcoin without MtGox. It's finally happening. Good riddance, and fuck you, Gox!
With all that confirmed news, you still bought 150 XBT on Gox? WTF!, that's like 30 real XBT, I feel your pain.
Read thread again.
February 25, 2014, 04:44:42 PM
Most simple solution are the best
*miss a banana but it's a big table !
*miss a banana but it's a big table !
Finally some constructive solution!
Awesome! February 25, 2014, 04:43:46 PM
Holy shit, guys! I know a lot of you are hurting, and I'm sorry. 150+ of my bitcoins are going down with the gox ship, but I can't quite express just how excited I am for the future of bitcoin without MtGox. It's finally happening. Good riddance, and fuck you, Gox!
With all that confirmed news, you still bought 150 XBT on Gox? WTF!, that's like 30 real XBT, I feel your pain.
I got a little ahead there.
February 25, 2014, 04:41:01 PM
Most simple solution are the best
*miss a banana but it's a big table !
*miss a banana but it's a big table !
Finally some constructive solution!
February 25, 2014, 04:31:37 PM
I've been thinking due to the volume of trade on bitcoinbuilder, and the efficiency and timeliness of the exchange, that it could be possible that bitcoinbuilder was mtgox coordinated effort to facilitate the selling of goxbtc (which mtgox can fabricate) for real btc in order to raise funds.
Gox, or a company planning to takeover Gox, can right now buy 8 GoxBTC IOUs for 1 real BTC at BitcoinBuilder. This would be a legal way to give depositors a voluntary "haircut" outside of bankruptcy. Eyeballing the bitcoinity chart, it looks like they've done about 80,000 GoxBTC in trades. A lot of this was swing trading, but perhaps 20,000 GoxBTC have been bought for an average price of 0.25, or 5,000 BTC.
Of course we can't know, but if this was a coordinate effort to buy up the IOUs for cheap, then this action could have reduced Gox's BTC liabilities by about 15,000 BTC.
If the 750,000 BTC loss is FUD, this might make sense...
That's a good way to look at it thanks! Would it not be possible for Mtgox to credit an internal address with 1000 GoxBTC / IOU's, deposit them on BitcoinBuilder and buy up real btc?
Both scenarios are possible: your's where they create fractional-reserve fake GoxBTC in order to get real BTC [and criminally increase their BTC liabilities], and mine where an interested third party buys up the GoxBTC for cheap [to reduce Gox's BTC liabilities for the takeover bid].
Your scenario is fraud pure and simple, while mine I think would actually be legal. I hope that I am right, but, at this point, who knows.
February 25, 2014, 04:31:31 PM
Most simple solution are the best
*miss a banana but it's a big table !
*miss a banana but it's a big table !
February 25, 2014, 04:31:05 PM
The most basic number to understand the situation of Mt.GOX is X = A-B, where "A" are the company's assets and "B" are its liabilities.
Apparently no one (perhaps not even MtGOX's management?) has any clue about the values of "A" and "B", not even how many figures they have.
All the signs indicate that X is negative and large, minus tens of millions of dollars at least. But not even that is certain.
We know that "B" includes the 40,000 BTC that some clients recently claimed to have been trying to withdraw for months.
But "B" also includes the BTC and USD balances of all its clients, whether they tried to withdraw or not. I have seen one estimate (by outsiders) that this sum may be 1 billion USD or more. Apparently this number was obtained by guessing the number of accounts and guessing the average account balance. Not a meaningful estimate, but it highlights the extent of our ignorance.
MtGOX apparently has now exhibited some 40,000 BTC (~20 million USD at current price) on blockchain.info and claimed that they are part of "A".
Is that all of "A"?
EDIT: And that "exhibit" of 40,000 BTC is almost certainly a hoax. So we have no reliable information at all about "A". It could even be zero.
Apparently no one (perhaps not even MtGOX's management?) has any clue about the values of "A" and "B", not even how many figures they have.
All the signs indicate that X is negative and large, minus tens of millions of dollars at least. But not even that is certain.
We know that "B" includes the 40,000 BTC that some clients recently claimed to have been trying to withdraw for months.
But "B" also includes the BTC and USD balances of all its clients, whether they tried to withdraw or not. I have seen one estimate (by outsiders) that this sum may be 1 billion USD or more. Apparently this number was obtained by guessing the number of accounts and guessing the average account balance. Not a meaningful estimate, but it highlights the extent of our ignorance.
MtGOX apparently has now exhibited some 40,000 BTC (~20 million USD at current price) on blockchain.info and claimed that they are part of "A".
Is that all of "A"?
EDIT: And that "exhibit" of 40,000 BTC is almost certainly a hoax. So we have no reliable information at all about "A". It could even be zero.
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