Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29233. (Read 26609605 times)

No, that was Ralf that had his heart broken by Lisa.

What is most concerning to me is that even after all that's happened, MK still has not admitted he has done a single thing wrong. If that is the sort of personality at the center of this mess, then how could someone help him even if they wanted to? He still is apparently trying to manage this situation, which cannot possibly lead to a successful resolution for his customers or the greater community. If Mark is still in charge, that's terribly. If no one is in charge, that's almost as bad. Who's in charge at Gox right now? Is there a single person on the planet who is both capable and willing to take over? If so, who? If not, how can any conclusion be drawn except that all is lost?

How is it possible in the information age for so many with so much on the line to be kept in the dark like this?

My buy orders are at $450 and below until we get some decent intel.

How could you possibly know that?  Were you one of those kids? 

Sky news story was the expected doom and gloom, half warranted, half not.  The bitcoin lawyer dude was on it, I'll give him 4/10.

Gox story now also incoming on BBC news 24.

Urgh. Not a good day to be long and leveraged in the bitcoin futures market.

does anyone know how to make the gox api price go up

http://data.mtgox.com/api/2/BTCUSD/money/ticker

i have a trade on plus500 which they have not let me close for the past week,  and if the price on the api could be higher at least when the monthly contract expires i won't have a loss

thank you

https://www.youtube.com/watch?v=1mWkY5yIAnc&feature=youtu.be

I'm usually a fan of Andreas, but this rant disappointed me. Half of it is pure marketing of his own product, and it's a lie: despite of the private keys being held client-side, for blockchain.info would be trivial to steal users funds. They just need to inject code to "redirect" funds to a different address on the next transaction, as strongcoin did to return to OzCoin the coins that were stolen to the pool.

Third party wallets are always insecure by definition.

Thanks for posting this, I think he sums up exactly what everyone should be learning from this whole debacle - trust in crypto, not (repeatedly shown to be incompetent) people or centralised organisations.

I am replying in the "Bitcoinrain Debt problem" thread.  Please consider using that thread for further post on this topic.

Explanation

On a good note he apparently worked *with* competitor Coinbase on security/funds review (audit?) measures recently.

Sadly I don't see many news that can make the bitcoin price turn upwards. To me -
bitcoin based businesses - Not bitcoin based businesses, but crypto based businesses. They can ditch bitcoin and just jump to another crypto with relative ease. So, they are not dependent on bitcoin and their existence isn't supporting the success of bitcoin. Those investments wouldn't been made if they were dependent on bitcoin.
apps - I haven't seen a lot of new good apps for bitcoin. I think that the most important piece of software that gives value to bitcoin is Armory. And the development of Armory is rather slow.
big companies accepting bitcoin as payment - Big companies accept bitcoin for marketing reasons, not for financial benefits. Implementing bitcoin payment will actually cost you more money and work hours then it is gained by any transaction efficiencies. Companies are accepting bitcoin because it can create free press + new loyal customers, that are loyal to bitcoin. And if someone buys something with bitcoin, then he will only hold bitcoin temporarily or he will waste the bitcoins that he held before. The company that receives the bitcoins, will convert it to $ right away, because bitcoin doesn't enable liquidity. So, if new companies are adopting payment, then I can see that it will more probably have a negative effect on the price, not positive.
ATMs - I think that the atms are a gimmick. If someone wants to buy bitcoins then it's cheaper to buy them online. I think that ATMs were meant to catch the regular folks who find buying bitcoins online too difficult. I think that this idea failed because those regular folks distrust those ATMs even more. I think that zipzap cash for coins was a better idea.
general public consciousness of bitcoin - during the past months it hasn't been exactly a good thing. People are more sure that bitcoin is just a pyramid scheme and they ridicule people who are involved.
I think that EU/USA market is saturated. Almost everyone knows about bitcoin and they have made up their decision if they want in or not, and it's very hard to turn those decisions around. People tend to be rather radical when deciding their stance on bitcoin. They either love it or hate it and there is a low chance in turning it around.

I see that the only choice is to enter those markets that haven't been touched yet. Then you can create actual demand and then you can be certain that the price will go up.

lol, maybe. I think he has a perma-smile except when Lisa noted the exact moment his heart broke during Valentine's Day. Martin's always been a little odd.

Live on sky news now

Everything I see makes me believe that Gox will never recover and that the funds are most likely lost.
Seems pretty bad..

Is it me or is Martin enjoying that situation?

Andreas Antonopoulos statement:
http://antonopoulos.com/2014/02/25/statement-on-mt-gox/

Agenda? That's outrageous! Innocent Jorge is here for purely academic reasons, and to post Chinese Slumber Party updates. His negative posts should only be construed as a sign he was severely wedgied by peers in school.

It's so incredibly similar it's hard to ignore.

Try this... using the week chart count 7 weeks from the peak of the April bubble. That's the top of the post crash plateau. Now count 6 weeks down to the 52 EMA. That's the bottom of the bubble.

That would indicate next week is the bottom but touching the EMA and the current state of news is much more important than exact timing in my opinion.

I think we have found our bottom. What else could come out of Gox that hasn't already been priced in to take us below $400? I'd be very surprised if that was possible.