Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 23/02/2014, 06:26:58 UTC
Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.




There are lots of places to live, besides the Anglosphere .. and if you are worried about acquiring or bringing too much property with you, then leave your assets off-shore and stay mobile.. rent rather than own... and live in a place that has a lower cost of living.  .. lots of them.... 190 countries... and maybe more than half could find some suitable arrangement.



Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

What you are missing is the bigger picture inferred by this testing.

a) Markets don't like uncertainty, don't like seeing exchanges go under because what can happen to one can happen to another. Gox testing reduces uncertainty.
b) Gox testing indicates that they are trying to fix things, not escape with people's money.
c) Gox testing indicates that they might finish said testing and actually resume limited or full service.

The individual price ticks are meaningless, however, collectively, they are meaningful and sentiment might be changing.


Initially, I am thinking what the fuck is "Gox testing" and I suppose that there is some kind of plan in which Gox is supposedly moving forward beyond their Thursday communication - b/c that Thursday communication truly did NOT inspire confidence and inspired the opposite and seemed to have been done on purpose in order that manipulation of the markets could be done.  What truly serious company would issue such NONSENSE... and expect to be taken serious.  The Thursday communication was such a feeling of "fuck you"... that will likely linger.... NOW, you are referring to "Gox testing" which seems to imply that there is some kind of serious plan to move forward and to inspire confidence.  When was this announced?