Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Well, it better go down now. I've turned to fiat almost all I could.
What price are you banking on? $520-ish? or some other amount?
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As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.
That is FUCKED up... he had NO hedging... apparently? And, his business plan seem a bit, lacking? Anyhow... So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?
This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.
Wants to show a loss for tax purposes maybe?
The ONLY explanation that I can think of is that HE was trying to appear as a GOOD and honest business man... in order that he would inspire investors to have confidence in him and that he was NOT just being a sheister..... ...
seems 530 to 600 is the new vol band. probably be trading that range for a while
I predict 4-5 days at most in this range... then we are going to bust out... and be in the $750 to $850 range... ... My prediction is based on pent-up demand for BTC... and also based on the fact that we have largely found out enough facts about GOX in order to adequately understand the range of ramifications...
No you haven´t....who sold those 750000 BTC at Gox under 300 dollars and to which account were the
money withdrawn.....who was the 10 k wall 3 hours before bitidiot came out ?
Can you even fathom the ramnifications of this selling? Come on ...we are here to speculate!
Surely we are here to speculate... MY MAIN point is that we have been made A LOT more aware of what is going on... than we were one day ago... At least NOW we have a bankrupcy filing and an outline of facts and a general direction... before that, we were totally speculating on all kinds of scenarios...... surely, there can still be quite a few scenarios... but at least we are Narrowed down a little bit in the range of possibilities, no?