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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29563. (Read 26610361 times)

hero member
Activity: 504
Merit: 500
Moderator
Possible, but I doubt it. The shutdown had nothing to do with lack of funds, it was due to a cyber attack on a bug.

Check the 1 comment on the article. Well , you don't have to read the comment , just the username =)))))))

just a copycat
hero member
Activity: 826
Merit: 501
in defi we trust
Possible, but I doubt it. The shutdown had nothing to do with lack of funds, it was due to a cyber attack on a bug.

Check the 1 comment on the article. Well , you don't have to read the comment , just the username =)))))))
hero member
Activity: 504
Merit: 500
Moderator
hero member
Activity: 1036
Merit: 524
Possible, but I doubt it. The shutdown had nothing to do with lack of funds, it was due to a cyber attack on a bug.
legendary
Activity: 1470
Merit: 1007
Let's make it clear - nobody has no bloody idea where the heck it is heading right now, lol

Nothing that special , most of the times we are clueless about where the hell bitcoin is heading and why.
Just enjoy the spooky ride Smiley))

There is technical analysis creating bitcoin forecasts that work well

How many millions are you worth?


Wouldn't it make more sense to ask "how did your investment perform compared to buy & hold", to assess how well TA works in this market?
full member
Activity: 126
Merit: 100
In unrelated matters.

I found this article in the press section and I would strongly recommend it. 

It's quite long but very thorough (and for those who insist in such terminology, bullish).

http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/1/

I'm proposing everyone who signs up should read it.   Smiley


Yeah, I loved this one-- came across the Flipboard feed (which I also heartily recommend). Cheers
hero member
Activity: 841
Merit: 1000
Huobi taking the lead again, Bitstamp following, Mtgox dead.
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
A so-called 'bank run' should not be a problem on MtGox in principle, as they do not operate a fractional reserve system.

I say 'should not be'......

According to my "insider" sources, they have operated the  most flagrant fractional reserve system of modern history.
full member
Activity: 378
Merit: 100
A so-called 'bank run' should not be a problem on MtGox in principle, as they do not operate a fractional reserve system.

I say 'should not be'......
newbie
Activity: 25
Merit: 0
The bull whale has returned. Houbi refusing to let gox dump now, just keeps buying more every time gox dumps.
hero member
Activity: 686
Merit: 500
Ultranode
because the issue is not how long it takes, but time and human effort involved

It was claimed that they need to limit the amount of BTC withdrawals because their coins are in "cold storage" and their hot wallet is small.

But even if their "cold storage" is a laptop hidden in the catacombs of Paris, they should be able to get it in a couple of days, move it to a closer (but still safe) location, and then keep transferring enough coins to the hot wallet, every day, to execute all the withdrawal requests on the queue.  What is the risk of that?


From the statement:

Quote
At the beginning we will do so at a moderated pace and with new daily/
monthly limits in place to prevent any problems with the new system and to take
into account current market conditions.

In other words, they will adjust limits on the fly to prevent a bank run. We will see huge buys, then read hundreds of posts here and on reddit about unreasonable withdrawal limits. The price will crash again. Then Gox ups the limits. Massive market buys. Gox lowers the limits. More complaints. Rinse and repeat until Gox is dead.
hero member
Activity: 910
Merit: 1003
because the issue is not how long it takes, but time and human effort involved

It was claimed that they need to limit the amount of BTC withdrawals because their coins are in "cold storage" and their hot wallet is small.

But even if their "cold storage" is a laptop hidden in the catacombs of Paris, they should be able to get it in a couple of days, move it to a closer (but still safe) location, and then keep transferring enough coins to the hot wallet, every day, to execute all the withdrawal requests on the queue.  What is the risk of that?
hero member
Activity: 504
Merit: 500
Moderator
If they should enable withdrawls by thursday; MtGox might be back to it´s  +10%  premium so that users might be tempted to stay at Gox,
only that price on Gox will stay @ around 350$ and Stamp might be around 315$.  
hero member
Activity: 672
Merit: 500
Let's make it clear - nobody has no bloody idea where the heck it is heading right now, lol

Nothing that special , most of the times we are clueless about where the hell bitcoin is heading and why.
Just enjoy the spooky ride Smiley))

There is technical analysis creating bitcoin forecasts that work well

How many millions are you worth?
hero member
Activity: 560
Merit: 500
There is technical analysis creating bitcoin forecasts that work well

That is, if "well" equals flipping a coin over time.
hero member
Activity: 826
Merit: 501
in defi we trust
Let's make it clear - nobody has no bloody idea where the heck it is heading right now, lol

Nothing that special , most of the times we are clueless about where the hell bitcoin is heading and why.
Just enjoy the spooky ride Smiley))

There is technical analysis creating bitcoin forecasts that work well

I have never seen a TA predicting the mess Mtgox can create with a single statement out of the blue Smiley
hero member
Activity: 672
Merit: 500
Is that bot dumping again on Gox? I hate conspiracy theorists but man, there is something fishy going on at Gox. I take it most will agree with me?
hero member
Activity: 560
Merit: 500
Good morning gentlemen. I see the market believed MtGox's slightly rephrased "2 weeks" message.

I believe they have a patent on that "2 weeks" response.
legendary
Activity: 2100
Merit: 1000
Let's make it clear - nobody has no bloody idea where the heck it is heading right now, lol

Nothing that special , most of the times we are clueless about where the hell bitcoin is heading and why.
Just enjoy the spooky ride Smiley))

There is technical analysis creating bitcoin forecasts that work well
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