Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29235. (Read 26609691 times)

Explanation

Thanks for the honest reply, kkaspar.  It is difficult to buy at the "bottoms" because the feel in the air is always so negative [although I'm not saying that yesterday was necessarily the bottom].  The recent Gox news has shaken some people's beliefs in bitcoin, and the price is lower to reflect that. 

But imagine the feel in the air if Gox returns a fair % of customer deposits, well-funded and professionally-audited exchanges open up in NY and London, and the price starts to rise.  Eventually we would look back to the days of getting Goxxed with whimsy--a bump along an enchanted road to great things. 

That being said, if you believe that bitcoin only has 1-2 years left, then I think you are gambling no matter what you do. 

wow, still discussing about failgox?



I guess we will go sideways now with little or no volume, but I am afraid that we will retest the lows in the following days.

Max Keiser has as much market prediction capabilities as my grandmother.
Yet, I think we might see 5000$ this year during the next major rally (with a bit of luck).

Would you mind telling us how you know that?


? Where did you get that?

I know the basics of modern cryptography, like any computer scientist should, but would not call that "background".


Er, are you advising me to invest in bitcoin now? 

Where do you think that train is going to? What do you expect the price to be 3 years from now?

I am not saying it's fact, he's sharing...used the acronym AFAIK, meaning he isn't saying it's going on the blockchain as fact.

Rampion gave more first hand knowledge then either of us have here so I believe, and for a fact in my particular case...so you can speculate on your own assumptions if you like.

So unless you got a post to point towards where some blockchain forensics show something different perhaps, how is this theft any different then inputs.io?

Or Bernie Madoff, I am confused as to what relevance a sociopaths possibly ripping off others that trusted them with money has to do with bitcoin.

Before the situation with gox, I was more certain that bitcoin has about 1-2 years still left in it. Right now I am not sure, because gox can hurt the integrity of the entire market sysem in a way that there won't be anymore rising at all.
I think that the market is too fragile to even invest 25%-50%. It makes more sense to me to wait until there is some certainty and then act. I don't like to invest on pure hype alone.

Slow and steady wins the race.

You are misinformed.

Bitcoinrain coins were mixed with mercadobitcoin coins, this is a fact easily verified in the blockchain. The owner of both was the same person and publicly stated  that rain's coins were stolen from INSIDE the exchange mercadobitcoin, he put everything there in ONE account as a safety measure before going on a trip, then never cared to prove it was really hacked. He also lied to the press, more than once.

Here is the clown: https://bitcointalksearch.org/user/leandro-cesar-10275

Tell me how come the new owner does not know this?

Incorrect.  Absolutely, flat out incorrect.  Gox won't require a "big name" to survive.  It's survived this long with a world class jack off at the helm.  All of these exchange owners were no names until Bitcoin became popular.  We don't know exactly how much debt Gox owes, but it's likely that the debt could be paid off in a year or two from exchange fees.

Lets leave MTgox behind us and move towards the $5000,- per BTC price Max K has been telling us about.

If it's not a major player or group of players in the tech/finance spaces buying out Gox, then it will not survive. Gox needs to reorganize, recapitalize and rebrand.  Someone like Peter Thiel of PayPal worth billions. Ironically, They would need to keep Coffee Boy on the payroll for quite a while to aid with the transition. That clown didn't give a shit when it was his own money on the line, so he'll probably be even worse as an employee.

No news is bad news here and I think it's safe to assume the worst. Nobody is coming to the rescue. That way the only surprises are pleasant ones. Really hope I'm wrong, but there are only a handful of people who could pull it off and I doubt any of them want to. MtGox may very well be liquidated and claimants will get pennies on the dollar.

You too know for a fact that that providential just-in-time theft was real?

I don't know Bitcoinrain's owner personally - I happen to know the current owner of Mercado Bitcoin, and they are two separate persons. The Bitcoinrain owner SOLD Mercado Bitcoin to a third party, who is completely unrelated to the ponzi/fund. And BTW: despite of the questionable business model of the aforementioned fund, AFAIK the theft of aprox. 10k bitcoins owned by Bitcoinrain indeed happened and it was not an "inside job" as you implied.

I explained the above just to point out how you are just mis-reading shit on forums and then making up assumptions to support your old-and-already-debunked arguments regarding how Bitcoin is a zero-sum scam, a ponzi, etc. That's not the kind of behaviour I would expect from an intellectual, that's the kind of behaviour I would expect from a troll.

Do you want to contribute in any meaningful way to this community? Then STFU a little while, read a learn and try to ADD to what has already been said instead of repeating the same old songs mixing them with misconceptions and mistakes originating in the little knowledge you have of both the technology and the ecosystem.

And honestly: for a guy who is supposed to have a background in cryptography you have been pretty out of this world to arrive SO LATE to Bitcoin. Wake up Mr.Stolfi, we are in 2014. The good news is you didn't necessarily miss the train, just wake up, stop trolling and open your eyes.

New look (for now)

been going at that one for 2 days, and yet again he helped you get the facts straight.

Yet Karpeles then goes blabbing to Reuters:

"We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

...which almost certainly means, or is intended to imply, a buyer, real or not.

Karpeles has no clue about Due Diligence. Amongst other things.

Bitstamp has so far the second highest volume in their histroy, over 100 000btc already. btc-e will get the 3. highest volume in their history...

Huoboi 350 000 so far. I don't trust their numbers...

Leaving Bitcoin Foundation, presenting a blank page to the customers, deleting all tweets... Do you think that this behavior will bring Karpeles into better position in such negotiations?


Rumors of acquisition and the upmove today...I'm very sceptical... Maybe it's the way Karpeles shows the community his finger with a bull trap one last time.

Yep, yep. Not trying to give you advice, just speculating.

Wouldn't the fact that sub-$300 prices would be a major break of the long term trend make you uneasy?

$400 is right on the 200 EMA on the week chart. A perfect place to bounce up off of just like we did in July 2013 at the bottom of the last bear market.