Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29231. (Read 26732048 times)
March 03, 2014, 03:51:33 AM
Today I increased my position from 35% to 50%. I will increase it again when 666 breaks.
March 03, 2014, 03:45:04 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers?
You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt.
He doesn't need dividend. Just by insider trading and arbitraging he would have earned a lot.
According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.
My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.
Well, I am probably the least conspiratorial minded bitcoiner in the universe. But there is absolutely zero way that Karpeles is not lying. There is no way MtGox "lost" that much coin. No way, no how.
I assume this man is going to jail. Unless there is some inexplicable explanation that he just hasn't or can't tell us yet, then he has lied and lied and lied and lied and lied over and over and over again.
I think Mark is living and has been living in a state of denial. I do not think he is even being honest with himself. He is living a life of lies at the moment. I think its going to be a long ugly road from here to the truth.
March 03, 2014, 03:43:41 AM
First time Ive been woken up by my price alarm in a week or so. Lets see where this goes but I have a feeling were going straight back down.
That's no moon, I think you're right...
March 03, 2014, 03:40:57 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers?
You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt.
He doesn't need dividend. Just by insider trading and arbitraging he would have earned a lot.
According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.
My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.
March 03, 2014, 03:39:51 AM
unless... unless... you're using a log chart for some reason. 
March 03, 2014, 03:39:37 AM
good morning, well this was unexpected !!! so what is going on ? and what am I reading about gox!!! how true is that ?
March 03, 2014, 03:37:23 AM
Insane I wrote 7h ago when first 1500 btc buy order was added to bid that this is a break for going up 
Spartans, prepare for glory!
I wrote 7h ago when first 1500 btc buy order was added to bid that this is a break for going up Spartans, prepare for glory!
March 03, 2014, 03:30:39 AM
Choo choo and such.
March 03, 2014, 03:30:20 AM
First time Ive been woken up by my price alarm in a week or so. Lets see where this goes but I have a feeling were going straight back down.
March 03, 2014, 03:28:30 AM
If they started using their customers money for anything other than customer transactions for the customer whose money it is , then that is co-mingling of funds, which is a breach of fiduciary duty.
Undoubtedly there is something criminal otherwise one couldn't have lost 20M USD.
March 03, 2014, 03:27:56 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers?
You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt.
He doesn't need dividend. Just by insider trading and arbitraging he would have earned a lot.
According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.
My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.
March 03, 2014, 03:25:32 AM
Let's see what happens at 599
March 03, 2014, 03:20:36 AM
How could they lose fiat? I understand they lost BTC due to transaction error, but fiat?
Did they have database unencrypted?
[/quote]
They may have used client's fiat to buy bitcoin or speculate. They don't care the hole in fiat anyway, as they could blame their bank / DHS / CoinLab
[/quote]
If they started using their customers money for anything other than customer transactions for the customer whose money it is , then that is co-mingling of funds, which is a breach of fiduciary duty.
March 03, 2014, 03:17:15 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers?
You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt.
He doesn't need dividend. Just by insider trading and arbitraging he would have earned a lot.
March 03, 2014, 03:16:04 AM
Wow, I just woke up and saw those couple million dollars are scaring the shit out of the bears. Wow!
Yeah....I got squeezed out my short position.
Since this was all on the back of a 3 million (3K BTC) bidding chip on Bitfinex (routed through Stamp), I will not be going long however until $580 has proven itself as support.
This wasn't organic market forces. This was uncertain buyers or possibly shorters being squeezed out of their positions by big scary Bid wall.
Wisest thing for any small player to do right now is keep away. This isn't about 'the market', but about the whim of some whale.
Does he want Bitcoin to go higher, cos he just loves Bitcoin.....or cos he wants to take a dump a much higher prices?
March 03, 2014, 03:09:52 AM
On BFX if a market sell order triggers a stop loss which gets priority?
The marketsell i think.
March 03, 2014, 03:08:04 AM
On BFX if a market sell order triggers a stop loss which gets priority?
March 03, 2014, 03:06:34 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
How could they lose fiat? I understand they lost BTC due to transaction error, but fiat?
Did they have database unencrypted?
They may have used client's fiat to buy bitcoin or speculate. They don't care the hole in fiat anyway, as they could blame their bank / DHS / CoinLab
March 03, 2014, 03:06:03 AM
Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
Lose >40% fiat
Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers?
You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt.
March 03, 2014, 03:04:37 AM
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