Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29254. (Read 26610131 times)

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.

ok so there is over 1500 BTC ask on stamp @520$ versus 1500 BTC bids @450€. we are at around 500$ right now. any dump would collapse by at least 10% of the current price since there is not much of a support but clearly a nice resistance around 520$.

Place your bids gentlemen and happy fudgox games!

The problem is...a monkey would know to put some text on keyboard or leave the webpage with a statement instead of a blank white page, with a cryptic message in the source view.

I do right now feel like the scribd + gox.com + facebook evidence are just apart of the greatest attempt at social engineering FUD I've ever seen.

Why would somebody actually buy Gox right now ? It is a bad investment. Their brand is worth $-1 right now.

Yeah the more they talk the more fake they look (which was already a lot to start with)
Classic mistake.

"powervacuum"? Please gox has been a dead horse for so so so long. What are you talking about?

you missed the opportunity part anyway, any kind of panic now is just plaint stupid...

Is there any big reason why not some of the heavy hitters would accuire mtgox and try to revive it as newgox/whatever pretty soon?
It must surely be a very profitable businiess if done right?

Even a noob like me can imagine some plan to collect reputable bitcoin pros, put a in few hundred thousand coins and slowly regain faith and momentum?

Must be millions of early, sleeping coins ready to work?

And to take control of the currect "powervacuum" must be a pretty big target?

PS note that MtGOX said many times "our client's coins are safe" but never "our clients will eventually get all their coins out".   

From a sane point of view, a million customer company just doesn't VANISH out of thin air and hopes it gets away with it. No speculative intentions here but I 'm willing to wait some more and won't panic at the moment.

Cheers.

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?

Gox.com
10 minutes ago
What do you think about our logo? In our opinion, the change depicts the fresh start, the new possibilities. With rebranding, we will no longer be just about a Bitcoin market — we have many ideas to deploy on the cryptocurrency landscape. Stay tuned!



The above is their new post on facebook.... it's clear to me at least is fake.....

https://www.facebook.com/goxbitcoin

Explanation

standards?   

The facebook page is 55 minutes old.

Three ways MtGOX could have lost most of their clients' coins:

1. MtGOX's CEO thought that it was stupid to keep 500 kBTC locked in cold wallets without generating any revenue.  So he sold most of those coins off-market and invested the money into stocks or whatever, minus a small reserve to honor BTC withdrawals; confident that if he needed more, he could just sell the stock and buy back the coins.  But that was when 1 BTC was 100 USD.  After the price exploded and finally settled at 800 USD, even selling all the stock he could buy back only 1/8 of his clients' coins.

2. MtGOX was actually a bitcoin ponzi.  They kept the price 10% above market so new investors would bring in mostly BTC in (rather than USD).  A MtGOX agent would buy those real BTCs for (say) 110 virtual goxUSD, then sell the BTCs at other exchanges for 100 real USD.  MtGOX used some of that money to execute USD withdrawals, and pocketed the rest.  Like any ponzi, the method worked as long as they had lots of investors coming in and few USD withdrawals.  The ponzi unraveled when that situation got reversed, and/or when MtGOX bought thousands of BTC from new investors at over 1000 USD and the price crashed before they could sell them.

3. MtGOX accidentally deleted the private keys to some or all of their cold wallets.

I find it hard to believe that a significant number of coins could have been stolen by hacker exploiting the malleability bug, oer six months, with clients complaining loudly all the time, without MtGOX realizing it. I find it easier to believe that MtGOX put or failed to fix that bug on purpose, because it gave them an excuse to stall BTC withdrawals. (The image of Jerry Lundegaard in /Fargo/, trying to fool the bank auditor with illegible faxes, keeps coming to my mind.) I find it also easy to believe that MtGOX and acomplices friends are now trying to spread that "hacker stole it all" story in order to avoid an investigation of MtGOX that could result in criminal charges.

I have seen reasoned estimates that put MtGOX's debt to their clients (the sum of the balances in all their accounts) at 1 billion dollars or more.  Even if they lost only a fraction of that...

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.

Its just a paste from that 99%fake facebook being reposted @irc

a big buyer(s) told them to shut they're mouth while they grab all they can 

as I re-read it looks like he's relying whatever was hosted on the gox.com which could have been  hijacked in theory and or is really where they plan to move to. The thing is if this is just a social engineering ploy it would make sense that the scribd doc + gox.com would have something of this relation going up to further it... but if that scribd document is the quality of work Gox put out on a regular basis it is no surprise that they're a huge failure.  That thing would not get a D minus on a good day. Being an international company means you can't put out fucking shit releases like that ...whiie making millions in exchange fees. Have some standards.