I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.
Buy and hodl the big boys have just implemented a very well planned take over of Bitcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.
*sorry for typos on my phone*
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29251. (Read 26610134 times)
February 25, 2014, 09:42:32 AM
February 25, 2014, 09:40:51 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.
BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.
In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund. By its terms, the fund should have done that within 3 days. The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."
The story sounds familiar?
The BitcoinRain clients haven't got their BTC back yet, and most likely never will.
The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/
BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.
In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund. By its terms, the fund should have done that within 3 days. The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."
The story sounds familiar?
The BitcoinRain clients haven't got their BTC back yet, and most likely never will.
The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/
yeah Shawn Merrimen did a similar number on the Mormons your point being.. vet the people you in trust with your money.
February 25, 2014, 09:37:58 AM
so what's a bad news for Charlie Shrem ? WWIII ?
BTW I am still not buying the whole Gox situation, it is hard to lose 10K bitcoin and even harder to lose 50K Bitcoin without noticing but losing all the just cant be sold to the public, something really big is happening, and I would say for long time now, this didn't happen in just few weeks.
I am really waiting to see the real story behind all of this.
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.
BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.
In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund. By its terms, the fund should have done that within 3 days. The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."
The story sounds familiar?
The BitcoinRain clients haven't got their BTC back yet, and most likely never will.
The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/
BitcoinRain attracted more than 300 investors who deposited more than 15,000 BTC there.
In Mar/2011, when the price of BTC was rallying, one of the investors tried to withdraw 1200 BTC of the 2600+ that he thought he had in the fund. By its terms, the fund should have done that within 3 days. The fund operator delayed the withdrawal with technical excuses for 3 days, then told all clients that he had just been hacked and all their coins had been stolen. ˜Sorry, folks."
The story sounds familiar?
The BitcoinRain clients haven't got their BTC back yet, and most likely never will.
The story is told here (in portuguese) by one of their former customers:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/
February 25, 2014, 09:35:44 AM
I'm sure they plan on posting Aircraft Quality there.
February 25, 2014, 09:34:08 AM
so what's a bad news for Charlie Shrem ? WWIII ?
WWIII? This is actually good news!
BUY BUY BUY
February 25, 2014, 09:29:39 AM
so what's a bad news for Charlie Shrem ? WWIII ?
WWIII? This is actually good news!
February 25, 2014, 09:28:10 AM
so what's a bad news for Charlie Shrem ? WWIII ?
February 25, 2014, 09:25:10 AM
Obviously the source code is a trap. Just like on github he was still talking about adding litecoin support a couple of weeks ago.
February 25, 2014, 09:23:23 AM
"Acquittal"
February 25, 2014, 09:23:00 AM
You're right, the Quebec clown association is a strong possibility.
February 25, 2014, 09:20:43 AM
February 25, 2014, 09:20:11 AM
[09:19] <+ne0futur> since dns have been moved *.mtgox.com is down
[09:19] <+ne0futur> as i understand it
not to much of a far fetched response
[09:19] <+ne0futur> as i understand it
not to much of a far fetched response
February 25, 2014, 09:17:18 AM
I suspect bullshit from Shrem.
The leaked scribd document wasn't the only leak. Remember, mtgox.com homepage still currently reads:
where it could easily be found. I suspect if this is a delaying tactic? Anyway, MTGOX effectively leaked hints of a takeover, real or not.
The leaked scribd document wasn't the only leak. Remember, mtgox.com homepage still currently reads:
Code:
MtGox.com
where it could easily be found. I suspect if this is a delaying tactic? Anyway, MTGOX effectively leaked hints of a takeover, real or not.
Ha! This wasn't up last night, I checked the html source when it was first down. Leaking via HTML comment, hilarious!
February 25, 2014, 09:07:04 AM
well, that bitcoinbuilder volume is surely not all the time volume as some suggested yesterday as it was at 40k+ yesterday. So it's 24h volume and they made close to 2k BTC yesterday. Wow, wow, wow
Nice. Making money on pain and despair. Gotta love that
Genius move - many people wanted the service and some who got out at 60% or more of their value, will be most grateful if Gox has indeed gone.
He set up exchange that trades simply and easily and does what it claims to do, by all accounts.
Hats off to him, IMHO
February 25, 2014, 09:06:59 AM
https://twitter.com/CharlieShrem/statuses/438163408165535744
^just posted
I suspect bullshit from Shrem.Quote
I disagree, I knew he had buyers lined up. However with this leak (if its true) let's see if they still want to bail out Gox.
^just posted
The leaked scribd document wasn't the only leak. Remember, mtgox.com homepage still currently reads:
Code:
MtGox.com
where it could easily be found. I suspect if this is a delaying tactic? Anyway, MTGOX effectively leaked hints of a takeover, real or not.
February 25, 2014, 09:04:01 AM
Why would somebody actually buy Gox right now ? It is a bad investment. Their brand is worth $-1 right now.
A million or whatever customer base, who want to continue trading? Must be worth alot.
Im just looking for errors in my above statement, really. Trying to learn something.
Folks, again, the clients of an exchange are its main liabilities, not its assets. If a client has a balance of 1000 USD or 100 BTC in his account, it means that MtGOX owes those amounts to that client; and anyone who buys MtGOX will be buying those debts.
The sum of those debts for MtGOX, in BTC and national currencies, has been estimated as a billion dollars or more. No one knows for sure, since MtGOX has never released those numbers.
In fact no one knows how many active clients (who, say, trade at least once a month) MtGOX had two months ago. My guess (with no factual basis, just a feeling) is less than 10,000.
February 25, 2014, 09:03:12 AM
The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.
The market is far from rational right now. I doubt this will be our last time going past $500 again. The fact that this recovery is occurring at super speed is shocking.
We'll be sub $400 within days. We'll be testing $300 before we start meaningful sustained upwards movement again.
Source?
Shroomskit, I've been noticing you over the past couple of days and you're like a chicken with it's head removed.
If you are unable to form an opinion of your own, it might be in your best interest to stop trading and decide once and for all:
HODL or SODL...
I don't trade you idiot. I just find it interesting how all these people seem to exactly know what's gonna happen in the future. And welcome to my ignore list.
Wow, so defensive... Glad to hear you don't trade, I can image you would have lost a lot otherwise. It's amusing that you think others know exactly what's going to happen. Most of the people here use the simplest forms of TA to make a statement. Instead of being so but-hurt and asking "source" everywhere, why don't you try and educate yourself?
You are really slow aren't you? Look up the meaning of sarcasm. Yes, you look really stupid now.
I'm well aware of sarcasm. I just assumed you weren't sharpest knife in the drawer, and I guess I was right.
Oh and...
Source?
February 25, 2014, 09:02:16 AM
well, that bitcoinbuilder volume is surely not all the time volume as some suggested yesterday as it was at 40k+ yesterday. So it's 24h volume and they made close to 2k BTC yesterday. Wow, wow, wow
Nice. Making money on pain and despair. Gotta love that
February 25, 2014, 09:01:47 AM
yeah was just @ #mtgox.. magical tux is in there.. so at least we know he isn't pawning his computer to pay off debts
In the official channel? or mtgox-chat ? Cant see him ?? ...
his nick is in #mtgox there is no talking privileges there though
How do you register to log in?
https://freenode.net/faq.shtml#registering
/msg NickServ REGISTER password [email protected]
I registered as mtgoxxx because I wasn't paying attention so change you nick before you register lo l
side note some1 name cokea is saying he has a recorded call with gonzauge
vocaroo.com/i/s1xFfN3DW66P
have not clue if this link is safe so I un-hyperlinked it, click at you own risk lol.
calls in french. translation is gonzague says dont call my personal line for business inquiries
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