Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29296.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: ?? on ??

Quote from: Vigil on February 24, 2014, 11:28:06 PM

Quote from: wrostek on February 24, 2014, 11:24:55 PM

Not surre if this was already posted, but, from: http://www.reddit.com/r/BitcoinMarkets/comments/1yuuok/daily_discussion_tuesday_february_25_2014_early/cfnzt9i
.....................................

7.) And now we are here, with not a single word from MtGox.

They are going to announce on the 25th.

What do people expect? It's only 1:30pm. Tongue

Depends on which time-zone.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: Walsoraj on February 24, 2014, 11:26:03 PM

Can we trust Mark to destroy all the ID docs he has?

I think we can count on him to have already sold them to the highest bidder.

ChrisML

sr. member

Activity: 308

Merit: 250

Just look at this:

100.00000000 GOX for 0.29900000 ฿ ea.

I made some big fucking mistaked whilst trading, but that one should be the cherry on the top. Mother of god.

EDIT
It can actually be worse:

514.47420594 GOX for 0.38000000 ฿ ea

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Stamp beginning to panic. GET THE POPCORN!

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Nicholas-Carraway on February 24, 2014, 11:35:13 PM

Upon further reading of twobit, it appears the leak was actually done to calm nerves. It's gonna take a while to recover from MtGox malfeasance, but I think the PDF was prepared for all the other players (listed in the statement) who are working in the best interest of btc. Which means Mark resigns tomorrow (today). Grin

He won't resign until a new CEO is appointed.

Nicholas-Carraway

member

Activity: 150

Merit: 10

Upon further reading of twobit, it appears the leak was actually done to calm nerves. It's gonna take a while to recover from MtGox malfeasance, but I think the PDF was prepared for all the other players (listed in the statement) who are working in the best interest of btc. Which means Mark resigns tomorrow (today). Grin

MANofthePEOPLE

full member

Activity: 182

Merit: 100

Finally some movement. Who's in watching charts for a few hours? Cheesy

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

So, TERA what do you think will happen if we breach the 200EMA on the three month chart...gates of Hell or renewed interest.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

there's some more, see that?

that is definitely blood

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: KFR on February 24, 2014, 11:28:28 PM

Quote from: wrostek on February 24, 2014, 11:24:55 PM

Not surre if this was already posted, but, from: http://www.reddit.com/r/BitcoinMarkets/comments/1yuuok/daily_discussion_tuesday_february_25_2014_early/cfnzt9i

So here's what has happened for those who can't keep up. I doubt any of this is a pure coincidence given the time frame.

1.) MtGox allegedly lose 750,000 Bitcoins, according to a leaked document in the hands of TwoBitIdiot, a known person within the Bitcoin community.

2.) He then decides to leak the document to the public 1 - 2 hours later confirming this number, and within the document it says they are to rebrand as http://gox.com and lie their way out of this mess.

3.) After the document is leaked, MtGox halts trades immediately (Around 5 minutes after)

4.) At this point, http://gox.com is still a parked domain, and not long after starts to redirect to http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document)

5.) After around 30 minutes, Coinbase, Blockchain, Circle and Kraken simultaneously release identical articles titled "Joint Statement Regarding the Insolvency of Mt.Gox" (EDIT: Since then, some of the articles have removed the word "insolvency", but not all of them.)

6.) A further 5 minutes later, http://mtgox.com is taken completely offline.

7.) And now we are here, with not a single word from MtGox.

QFT

One error: The trading shutdown was well over 5 minutes after the leak. And it was almost exactly 9:00PMEST, so, it seemed to be planned, not a panicked shutdown.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Random bit: today (Monday Feb/24 UTC) there was unusually large trade volume at MtGOX in JPY: ~14 kBTC worth of. It was ~1.7 yesterday, ~3.6 the day before.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: TERA on February 24, 2014, 11:26:54 PM

Well this is it. Possibly the beginning of the bottom leg of the final capitulation. When is wallstreet, the twinkies, bit, fortress, whales etc. going to start buying?

I heard wallstreet is only interested in Dogecoin.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: wrostek on February 24, 2014, 11:24:55 PM

Not surre if this was already posted, but, from: http://www.reddit.com/r/BitcoinMarkets/comments/1yuuok/daily_discussion_tuesday_february_25_2014_early/cfnzt9i

So here's what has happened for those who can't keep up. I doubt any of this is a pure coincidence given the time frame.

1.) MtGox allegedly lose 750,000 Bitcoins, according to a leaked document in the hands of TwoBitIdiot, a known person within the Bitcoin community.

2.) He then decides to leak the document to the public 1 - 2 hours later confirming this number, and within the document it says they are to rebrand as http://gox.com and lie their way out of this mess.

3.) After the document is leaked, MtGox halts trades immediately (Around 5 minutes after)

4.) At this point, http://gox.com is still a parked domain, and not long after starts to redirect to http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document)

5.) After around 30 minutes, Coinbase, Blockchain, Circle and Kraken simultaneously release identical articles titled "Joint Statement Regarding the Insolvency of Mt.Gox" (EDIT: Since then, some of the articles have removed the word "insolvency", but not all of them.)

6.) A further 5 minutes later, http://mtgox.com is taken completely offline.

7.) And now we are here, with not a single word from MtGox.

QFT

BubbaGumpShrimpinBoatCapn

newbie

Activity: 32

Merit: 0

Quote from: hyphymikey on February 24, 2014, 11:26:38 PM

Quote from: JorgeStolfi on February 24, 2014, 11:12:58 PM

Quote from: hyphymikey on February 24, 2014, 11:05:46 PM

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.

You mean the Shrem Karpeles & Friends Foundation?

Karpeles is out, Shrem was shutdown so he should be out too. There has to be a way for the Foundation to have trustworthy members, then I guess we can do this audit thingy I proposed.

Satoshi has to be pissed that these old timers can't even run business well and in turn gives Bitcoin a bad name.

Aside from shrem and karpeles, were there more ahem... Jewish folks on the board?

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: wrostek on February 24, 2014, 11:24:55 PM

Not surre if this was already posted, but, from: http://www.reddit.com/r/BitcoinMarkets/comments/1yuuok/daily_discussion_tuesday_february_25_2014_early/cfnzt9i
.....................................

7.) And now we are here, with not a single word from MtGox.

They are going to announce on the 25th.

TERA

hero member

Activity: 728

Merit: 500

Well this is it. Possibly the beginning of the bottom leg of the final capitulation. When is wallstreet, the twinkies, bit, fortress, whales etc. going to start buying?

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: JorgeStolfi on February 24, 2014, 11:12:58 PM

Quote from: hyphymikey on February 24, 2014, 11:05:46 PM

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.

You mean the Shrem Karpeles & Friends Foundation?

Karpeles is out, Shrem was shutdown so he should be out too. There has to be a way for the Foundation to have trustworthy members, then I guess we can do this audit thingy I proposed.

Satoshi has to be pissed that these old timers can't even run business well and in turn gives Bitcoin a bad name.

Nightowlace

hero member

Activity: 980

Merit: 1001

Can anyone post a link to the 2bit statement? Thanks

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Can we trust Mark to destroy all the ID docs he has?

Cheesy

hmmmstrange

hero member

Activity: 669

Merit: 500

We need a bitcoin holiday, where once a year we pull all of the coins out of the exchanges.

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