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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29304. (Read 26708133 times)

newbie
Activity: 15
Merit: 0
Looks like the MtGox website is just disabled, not rm -rf  :

https://www.mtgox.com/img/bitcoin-foundation-gold-member.png
sr. member
Activity: 308
Merit: 250
And your point is??? We've.. only seen BB for a week now.

That this guy probably spend ~~100 Bitcoins on buying cheap Gox coins... which are useless now.
legendary
Activity: 1372
Merit: 1000
The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.

You mean the Shrem Karpeles & Friends Foundation?


Latest tweet from TwoBitItidiot... "Thanks, man. I never mince words, I think this is disastrous from a reg standpoint. The hammer will now come down hard."

The conspiracy theorist in me can't help but to think the bitcoin foundation was compliant in all this and intentionally deceived the community.  They have been very pro regulation for a long time, and what better way to ensure the US comes down hard with regulation than making a grand show of what can happen without it.

It's genius I tell you!

This +1
legendary
Activity: 1078
Merit: 1441
legendary
Activity: 896
Merit: 1000
And your point is??? We've.. only seen BB for a week now.
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

^^  Roll Eyes
hero member
Activity: 1302
Merit: 502
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.

Ouch.
legendary
Activity: 896
Merit: 1000
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.

...what?
sr. member
Activity: 378
Merit: 250
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.
hero member
Activity: 560
Merit: 500
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.
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
hero member
Activity: 686
Merit: 500
Ultranode
Stamp beginning to panic. GET THE POPCORN!
sr. member
Activity: 378
Merit: 250
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.
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
full member
Activity: 182
Merit: 100
Finally some movement. Who's in watching charts for a few hours?  Cheesy
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.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
there's some more, see that?

that is definitely blood
legendary
Activity: 896
Merit: 1000
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.
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.
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