Ponzi. Now official.
https://bitcointalksearch.org/topic/mtgox-claim-officially-turned-bitcoin-into-ponzi-176284
Topic: Yet another analyst :) - page 62. (Read 269580 times)
I see gox banning accounts ...
citation?
also, it's just beginning. breakout of a smaller bearish wedge ...
... on the micro-term, and the larger bearish pennant forming the bulltrap. these two patterns coincide. first, through the $90 floor of the smaller triangle, then picking up speed through the $55 floor of the pennant.
checkmate, bulls.
This bubble started with lots of people needing bitcoins to buy asics, and then slowly became more and more public afaik.
Bah... This bubble started when Bitpay started refunds of BFL. They did buy coinz to make refunds of bitcoin transactions.Btw, if mtgox ensures people that it's okay and price gonna up - this is really bad. It looks like they used the last backup force (exchange must NOT do such claims).
Since they said that shit - they officially became Ponzi organizers. As the primary sign of Ponzi is promising "obvious high profits".
This bubble started with lots of people needing bitcoins to buy asics, and then slowly became more and more public afaik.
But this is lyrics. I see gox banning accounts, people abusing they stole their money. Trust is going away from gox.
I see $40 soon.
I see $40 soon.
Bears, prepare hard development from secondary markets. Looks like fat Tux is a fat traitor and not interested in low price. He collected too much coins. His business must die financially.
Walk with his forced bubble wave, collect fiat. Then send price to hell, collect bitcoins. Bitcoin need gox to be busted.
Walk with his forced bubble wave, collect fiat. Then send price to hell, collect bitcoins. Bitcoin need gox to be busted.
Unbelievable!
https://mtgox.com/press_release_20130412.html
They do believe that price will rise! They are intermediary. They should stay away from speculation and provide good services for speculators. Indeed we see they are interested party.
All going by way I expect: Mtgox stays behind this bubble inflation and real bitcoin economy collapse due volatility.
Mtgox stays behind centralizing of Bitcoin economy and preparation of it for deadly punch from interested parties.
I don't related to ddos of their services, but now I understand why. kill Mtgox with fire please.
https://mtgox.com/press_release_20130412.html
They do believe that price will rise! They are intermediary. They should stay away from speculation and provide good services for speculators. Indeed we see they are interested party.
All going by way I expect: Mtgox stays behind this bubble inflation and real bitcoin economy collapse due volatility.
Mtgox stays behind centralizing of Bitcoin economy and preparation of it for deadly punch from interested parties.
I don't related to ddos of their services, but now I understand why. kill Mtgox with fire please.
Did anyone see weekly candle? 
The fight to close above o below weekly bb is ON!
EDIT: Bulls lost miserably.
EDIT: Bulls lost miserably.
Changed your mind arepo ? What was wrong with your analysis ?
lucif, how do you distinguish today's activity between your bearish flag and a bullish pennant (from the $50 low) ?
lucif, how do you distinguish today's activity between your bearish flag and a bullish pennant (from the $50 low) ?
didn't 'change my mind'. i identified what i thought was a bearish pennant in the PVT, only realizing after i had drawn it (and posted it), that it was an ambiguous shape that might just be a smaller bull flag, as mentioned elsewhere in this thread.
Everything could be. Stay tuned to here and now. Don't compare.
this
Everything could be. Stay tuned to here and now. Don't compare.
Compare to Jun 2011 isn't right because there are different waves. That was wave 1 and now wave 3. Wave 1 (and 2) behavior is very different from 3 and 4.
If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.
If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.
Could still have been wave 5.
Compare to Jun 2011 isn't right because there are different waves. That was wave 1 and now wave 3. Wave 1 (and 2) behavior is very different from 3 and 4.
If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.
If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.
Yeah, looks like liposuction for Tux was expensive
If they continue turn on their lag when people want to cashout, they will loose liquidity. However... Do they have enough fiat to handle mass cashout?[conspiracy!]
Unless they've spent it all on beer and hookers they are sitting on stockpiles of cash. In last few weeks they've earned shitload of money, literally. About 600K USD in last week only in fees (and that's a conservative figure, based on 0.3% fee).
If they continue turn on their lag when people want to cashout, they will loose liquidity. However... Do they have enough fiat to handle mass cashout?[conspiracy!]
In a day when mtgox and Bitpay become bankrupt I will drink 500 ml Vodka at once and go dance in night club.
I wish them long and painful death for business approach, for lag, for artificial price push up, for money laundering for butterflies, for their fees.
I wish them long and painful death for business approach, for lag, for artificial price push up, for money laundering for butterflies, for their fees.
http://bitcoin.clarkmoody.com/ TIMBERRRRRRRRRRRR!
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