Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29390. (Read 26609814 times)

so the way i see it is we had pretty much some support testing at around 530$ (on stamp) with lower resistances upward.





this trend is very likely to break downwards.

Oh gosh. I'm sorry to hear that.

Please tell me that if you manage to get out of this Gox situation with at least something that you will avoid Gox in the future!

OK, there's three more possibilities I missed... We may be able to rule out retarded as there is video of him speaking cogently I presume?

They did on plus 500 for sure  

Definitely shady however there appears to be actual evidence Gox is attempting to fix their problems; gmax's blockchain analysis appears to show this. While we can speculate scam, and should pay heed, actual evidence seems to show otherwise. Scam claims seems to be circumstantial still.



I believe he'll fix the issues but I'm not sure the market will be there for him if he does. It's just based on history. He's been sloppy forever but honest, as far as I know, to this point. I don't trade there anymore but use Coinbase to buy and sell now, and am testing Bitfinex with a small amount. Bitfinex seems shady to me but I guess we'll see. So you can see, people who want to trade Bitcoin don't have a ton of options. This is why some may stick with Mark if he comes back from the brink.



It's bad enough to trust an exchange when trading. It's doubly bad to trust a man in the middle. It's a story played over and over with any investment scenario. Bernie Madoff crushed the dreams of a lot of folks.



I'm not certain why people seem so easily scammed but I don't believe it's just this community. My opinion is that it may have a tiny bit to do with Libertarianism because their philosophy is that regulation shouldn't come from The State but from the community instead. Correct me where I'm wrong, Libertarians, I believe the hardcore among them prefer the community to "regulate" rogue companies/people. Caveat Emptor reigns. If someone rips you off then you don't do business there again and make sure your neighbors know. So they're willing to show more trust up front often if they haven't heard a reason not to, and that is a scammer's paradise. Shout out to the Bitcoin scammer's go-to ploy: the Pre-Order. Also the community is popular with younger folks who can be more naive concerning the nature of their fellow man.

The nature of Bitcoin as currency sorta flips commerce on its head. Normally we get service first then pay, or we have an intermediary like a credit card company agree to pay if a service provider needs payment first. With Bitcoin service providers want payment first and there is no safety net. It's not common to use escrow with Bitcoin. This leaves a wide window for scams.

This is why I personally don't yet believe Bitcoin will become "the internet's currency" though it is great for face-to-face services where one is unlikely to need reimbursement, like haircuts, restaurants, yadda. It may get used online at places with already established trust, like Overstock or Amazon.

I don't believe stupid people deserve to lose money but there are a lot of wounded birds and only so much gauze and tape. At some point people need to be responsible for their own actions. For example I half expect Bitfinex to abscond at any time so if I lose what I have there you won't hear a complaint from me because I know they look shady. You'll get an earful from lots of others if it happens though because people want some one to blame other than themselves. That's Bitcoin or anything else in this world.

Until the music stops and you've wired a few thousand $$$ to MTGox, no one wants your GoxBTC and you can't withdraw your USD or BTC.

I mean, if you're making money from it, good luck to you but it's not without risk.

Fine, thanks for asking! Making 100%+ profits  

you can easily double N considering their private stash made from trading, leveraging and because of their first mover thing.

So, no one dares to guess how much ordinary gox-money (M) and how many goxBTC (N) are in MtGOX's client accounts?  Not even how many figures those numbers may have?

Considering the amount of BTC widthdrawals that were pending last month (around 40,000), I would say that N is at least 200,000 goxBTC, and M is at least 100 million goxUSD.

Then MtGOX owes at least 200 million dollars (in whatever form)  to their clients.

Are these estimates reasonable? Too small?

Called the spike almost exactly T, but this is looking like an actual breakout. I sold a little just in case. Still no sign of the kind of reversal you are suggesting, just a leveling out. Time will tell.

So much smartness combined in one person! How is that working out for you, Sir?

LOL  Nice one.
I bought the goxBTC for 45% realBTC 
Then traded it up to 4* my original BTC.
Then go back down to 2* my original BTC during the rally :-/

What are you? A troll? Explain ur logic, srsly.

What are you? A troll? Do the math, srsly.

Or he could just be fucking retarded.

wtf? And pay 2% fees? *shakes head*
I bought the goxBTC with real BTC in the first place...

Hubris, messiah complex...

RTFM.

wtf?

Y u no www.bitcoinbuilder.com ?