Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29240.

T.Stuart

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One Token to Move Anything Anywhere

Quote from: kkaspar on February 25, 2014, 11:58:34 AM

Quote from: seleme on February 25, 2014, 11:45:26 AM

He is selling out, that's how I see this. Buying Gox.com domain is adding a bit of rebranding for the buyer.

If he is selling out, then this means that some rich bitcoin investors actually took responsibility and bailed out that exchange. I was calling for capable people to do that a couple of weeks ago. Got angry replies by most of the forum users for it, but it would be great if someone financially capable enough actually had the same vision.
I hope that they know that this acquisition doesn't mean anything if there won't be market regulations. They may have saved the bitcoin market system with saving gox, but without regulations there will be an increasing number of new goxes. All you have to do is build trust towards your exchange for a year, and then you will have enough loot to split with. Easiest profitable confidence trick of the modern times.

But anyway, I'm still skeptical about this acquisition rumor. History has shown that with MtGox, you can't be sure of anything.

I call for Bitcoin Jesus to lead the way and go all in!

Solarstorm75

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Activity: 70

Merit: 10

Quote from: seleme on February 25, 2014, 11:59:53 AM

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

Full Ack!!!

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: Adrian-x on February 25, 2014, 11:55:37 AM

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

Freedom? Freedom to change the current banksters with the sharks and geeks of the bitcoin community?
With bitcoins wealth distribution, it's a joke to talk how bitcoin is about freedom. It's just about wealth redistribution and I'm not so sure that uneducated geeks are actually better then educated banksters. Both lack ethics and moral, but one at least knows what he's doing.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

7thKingdom

member

Activity: 107

Merit: 10

Quote from: Adrian-x on February 25, 2014, 11:55:37 AM

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

And the bitcoin foundation (who have been vocally very pro regulation) involved in all of it...

The perfect recipe for a juicy conspiracy.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: seleme on February 25, 2014, 11:45:26 AM

He is selling out, that's how I see this. Buying Gox.com domain is adding a bit of rebranding for the buyer.

If he is selling out, then this means that some rich bitcoin investors actually took responsibility and bailed out that exchange. I was calling for capable people to do that a couple of weeks ago. Got angry replies by most of the forum users for it, but it would be great if someone financially capable enough actually had the same vision.
I hope that they know that this acquisition doesn't mean anything if there won't be market regulations. They may have saved the bitcoin market system with saving gox, but without regulations there will be an increasing number of new goxes. All you have to do is build trust towards your exchange for a year, and then you will have enough loot to split with. Easiest profitable confidence trick of the modern times.

But anyway, I'm still skeptical about this acquisition rumor. History has shown that with MtGox, you can't be sure of anything.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: JorgeStolfi on February 25, 2014, 11:48:55 AM

Quote from: billyjoeallen on February 25, 2014, 09:48:27 AM

Quote from: JorgeStolfi on February 25, 2014, 09:36:18 AM

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013. It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so. But what about an investment that promises a 10,000% return in 3 years?

Oh wait, bitcoin is an obvious scam, no brainer!

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Rampion on February 25, 2014, 11:53:49 AM

Quote from: JorgeStolfi on February 25, 2014, 11:48:55 AM

Quote from: billyjoeallen on February 25, 2014, 09:48:27 AM

Quote from: JorgeStolfi on February 25, 2014, 09:36:18 AM

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013. It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so. But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Plus, you have just written that Bitcoin is NOT a good investment right now... Are you shure? Price is almost half of its ATH. Let's speak in one year from now, ok?

+1

Adrian-x

legendary

Activity: 1372

Merit: 1000

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: JorgeStolfi on February 25, 2014, 11:48:55 AM

Quote from: billyjoeallen on February 25, 2014, 09:48:27 AM

Quote from: JorgeStolfi on February 25, 2014, 09:36:18 AM

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013. It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so. But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Plus, you have just written that Bitcoin is NOT a good investment right now... Are you shure? Price is almost half of its ATH. Let's speak in one year from now, ok?

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Dragonkiller on February 25, 2014, 11:48:05 AM

Quote from: Solarstorm75 on February 25, 2014, 11:45:16 AM

Quote from: Dragonkiller on February 25, 2014, 11:39:58 AM

how can we be goxed any further? market assumes the worst now, anything they say (e.g. being acquired) now would be seen as a positive.

"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."

Okay, there has been one worst case left: Bitcoin itself is broken. That would be a turning point for the business.

At this point, I'm pretty sure the report is real and they have probably been acquired

Or that report is not totally true, but they have been acquired

zakalwe

sr. member

Activity: 445

Merit: 251

Quote from: meanig on February 25, 2014, 11:46:47 AM

Quote from: hmmmstrange on February 25, 2014, 11:26:35 AM

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.

+1000

It takes patience to see an important innovation such as bitcoin to go to mainstream. But it's happening. These are "just" pattern accident (of course I'm absolutely sad for who's losing money!!!!!!)

Speedie

sr. member

Activity: 504

Merit: 254

Quote from: wobber on February 25, 2014, 11:37:08 AM

Quote from: Speedie on February 25, 2014, 11:33:16 AM

This is interesting to me, the divergence between price highs (descending) and MACD highs (ascending) on the 4H chart continues to build. Any other TA guys notice this and wonder how it might play out in the face of the continued Gox BS? Normally it would suggest a strong chance of a large rally.

Image Removed

Large rally while we're on a stong downtrend? How?

Well unless your ultimate end-point is zero, downtrends have to end at some point. The same is true for uptrends unless you're headed to infinity.

MACD is, simplistically, a measure of momentum extrapolated from the difference between two different exponential moving averages. If momentum as measured by MACD is showing increasingly higher highs while price shows lower highs, it is called a bullish divergence. Such a divergence often hints at the end of the preceding downtrend, or at the very least that a strong counter-trend rally is possible.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: JorgeStolfi on February 25, 2014, 11:48:55 AM

Quote from: billyjoeallen on February 25, 2014, 09:48:27 AM

Quote from: JorgeStolfi on February 25, 2014, 09:36:18 AM

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013. It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so. But what about an investment that promises a 10,000% return in 3 years?

That investment haven't promised anything, that's why there are handful of those that bought on bottom of that 10 000%, it just did it because it was revolutionary technology Wink

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: billyjoeallen on February 25, 2014, 09:48:27 AM

Quote from: JorgeStolfi on February 25, 2014, 09:36:18 AM

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013. It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so. But what about an investment that promises a 10,000% return in 3 years?

yrtrnc

hero member

Activity: 605

Merit: 500

Quote from: meanig on February 25, 2014, 11:46:47 AM

Quote from: hmmmstrange on February 25, 2014, 11:26:35 AM

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.

anythin to create a buzz

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: Solarstorm75 on February 25, 2014, 11:45:16 AM

Quote from: Dragonkiller on February 25, 2014, 11:39:58 AM

how can we be goxed any further? market assumes the worst now, anything they say (e.g. being acquired) now would be seen as a positive.

"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."

Okay, there has been one worst case left: Bitcoin itself is broken. That would be a turning point for the business.

At this point, I'm pretty sure the report is real and they have probably been acquired

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: seleme on February 25, 2014, 11:45:26 AM

Quote from: kkaspar on February 25, 2014, 11:40:16 AM

Quote from: seleme on February 25, 2014, 11:33:00 AM

Domain investor Andy Booth has confirmed the sale of www.gox.com to Mark Karpeles.

http://www.coindesk.com/mt-gox-loses-340-million-bitcoin-rumoured-insolvent/

PS. I haven't seen this posted anywhere though I was sleeping at the time so you might have read it already.

It's funny how Karpeles sees the bitcoin community as a mindless flock of emus. You can take their money and use it for your personal risky investments, and then, all you have to do is create a new exchange and say sorry and promise to pay everything back when you can. And.. everything goes smoothly, because emus tend to hide their heads in the sand and hope that no action needs to be taken and the free market will eventually sort everything out.
I think that bitcoin is heaven for those who lack ethics or morals.

He is selling out, that's how I see this. Buying Gox.com domain is adding a bit of rebranding for the buyer.

I think he probably sold out a while ago... wink wink nudge nudge

kurious

legendary

Activity: 2604

Merit: 1748

"We should have an official announcement ready soon-ish...."

Well...!

I suspect it's not 'we' - it's 'them' so MK can't say anything. Realistically, it ain't over til the fat man walks, in my book, so if it is 'we' he would be still involved and I can't see anyone buying in wanting that.

That said, I do think credible investors buying out the brand is the only way out - they will claim to be heroes, of course.

What we need to know is 'how' insolvent is Gox.

If it's 750,000 BTC down - they buy name only and no-one gets paid ANYTHING.

I don't think it can be THAT bad, that is a phenomenal amount - I doubt it's that high.

Nonetheless, everyone getting their money back is nowhere near certain.

We watch and wait.

magicmexican

hero member

Activity: 812

Merit: 1000

last hours increased the gox's chances to repay by 5%~ according to the market

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29240. (Read 26609760 times)