Thanks for sharing bitcoinvest !

It's been quite a long time I didn't pay attention to the slow paced resolution of the mtgox mess.
The movie will get some more scenes and twists...

Glad to see Jesse Powell's position and reflexions.

It's really interesting to learn about this "buy the 200K bitcoin for 2500$/coin" offer - proposed to the shareholders.
I'm trying not to be too upset or ironic, but can someone correct me in my summary ?

- Japanese law and the bitcoin's status at resolution time made the trustee set a Yen designated value for each claim.
- the rate as been set around 400$/btc and isn't reevaluted
- there is a certain amount of yen which is considered to be suffisant to repay fully the creditors
- any additionnal gains (btc price increase and bch/btg forks) occured since the claims are considered to be the shareholders' property


I could understand kobayashi's move to get as much money he can so he can fullfill its mission to distribute a better percentage - "let's sell the BTC and then easier to give the real money back".
But why this offer would profit and would be proposed to shareholders ? why not to claimants ? why not an auction to the highest bidder ?
I assume the vast majority of the dollars/euros/yen/btc were coming from the creditors who deposited, so how is that possible to "sell" this property to some other parties ?

I'm asking a lot of questions, but to me here is the main one :
- if the surplus isn't distributed to the victims, where will it flows, who will get it ?

Mark Karpeles, who was in charge, responsible, declared the bankrupcy ? That would be a terrible jurisprudence.
The Japanese state ?

PS : I'm a creditor, with a validated claim, asked for "btc repay" when prompted by the trustee.

Thanks for the feedback RyNinDaCleM, appreciated.

So, if I understand your remarks (please tell me if I summarized it wrong), you pointed 2 things :

- from EW rules my first C target ($300) is incorrect cause wave 5 of smaller degree, labelled (5), should at least go as far as (3)
- from EW rules my second C target (testing again $278 or ultimately $257) is correct - still - my "ultimately" is (from your experience) not correct since C can end up in between III (old ATH) and IV ($85 but lowest point inside this wave is $45). For different reasons I don't see 257 a possible breakable level but thanks for providing a classical initial target ; I didn't know about this.  

I think 300 is pretty strong too, but different EW counts leads to suppose a breach to 275 is also probable.

Here is a chart of mine, using EW (I'm beginner in EW analysis so feel free to criticize and give feedback) :
- check https://www.tradingview.com/v/5KWjIxbQ/ for details and more explanations

Triple bottom @322 ?

Daily chart, from Bitstamp :

Ichimoku cloud : 1pt for you, again.

Back above the 78.6 fib (~385$) ; October High, I'm feeling confident 275 with volume was the bottom.
I'm now waiting to see the 4h 200MA crossed.

For global adoption (more average Joes discovering/trying bitcoin) this is very important. I'm also thinking its a good thing and we should support it.

Even though "look cheap" isn't really an objective factor as price is just a ratio between 2 currencies. I'm pretty sure every bitcointalk user already tried to explain what is this strange "virtual bitsomething money" and then got an answer like this one : "wowww, so you're telling me you have to give hard-earned 500$ to get only 1 bitcoin ? That's very expensive, I not that rich to try this".
You can explain whatever you want about how it got plenty of decimals etc. but when people remember how expensive is this intangible thing they feel out of the game.

IMHO we reached the bottom here.

Nice volume, if we avoid the China rising and "Mtgox-dead" events this daily volume is the bigger since... Nov 2013 bubble launch. Also, nice rejection of sub-300.  
Not saying we'll see doubling in price each weeks but I see multiple data pointing this was the bottom we were waiting since months.

Panic bought, not very proud of myself  

Let's see if this was a good move or not.
Whatever, bitcoin itself and fundamentals are pretty strong - Paypal keeping the slow but good pace.

Would you please stop giving the Over-Powered tips to all the noobs down there ?! We need to catch the more fiat we can using short @maxleverage with this 0$ bottom bro !

Last fiat used, now let's relax and watch the movie.

Indeed, I got this poll right, like most of us, cheer to you 133 other guys !
How about : "What ratio or % are you now (90%btc/10%fiat for instance) ? " or maybe the same than few weeks ago (sentiment : boredom, hope, etc.) ?

Bitstamp 650$ broke, ask wall partly pulled.

Is this quick and hard dump is caused by some news I'm not aware of ?

Maybe you should try with more points touching your "lines" to have some basic trenlines.

So you can then watch the log trendline being broken while you PRESS PLAY and enjoy
Full interactive chart : https://www.tradingview.com/v/zmcYjA0i/

First the linear broke on 15th April.
Now we finaly broke this 6-months log downtrendline, I feel pretty confident but I would appreciate 2 more green candles with volume !

I did some charts yesterday expecting this log breakout, let's hope the full picture will be the same:)
https://www.tradingview.com/v/zmcYjA0i/     (press play to load the real-time update)

As some of you are TA experts and got some experience I'd be glad to get your remarks about my chart,
=> especially about the SMMA & EMA crossing log resistance trendline. It seems it's used to announce the rockets launch on bitcoin.

Is the "This user is currently ignored" sentence some new meme, cause I see more and more people using it nowadays...

Does anyone have an IgnoreList chart to provide ? or more seriously a bitcointalk number of users chart ?

On-topic : we already broke linear resistance trendline, and are really close to the log. one.
I guess the 2 next weeks will be interesting. Time to send more fiat onto exchanges (whether breaking up or down).

First, you can lend and short on some exchanges, bitfinex and huobi for instance. Secondly being a bull or a bear isnt materializing in 100%BTC or 100% fiat. Most of people are just adjusting their btc/fiat ratio.
This way if price falls more than you thought you can buy some more btc (and sell some more BTC if price is going higher than you expected).

Sure, here it is :



(Tera: you were talking about using adequate log/normal chart but you should have used lines on this chart not parabols, don't you think ?)

The red one is 6 months main resistance, on which we bounced on 3 times, red/pink one is a recent and we are trying to escape upside.

=> I'm only saying we are trying to break some resistance trendline and some more volume is needed atm.

Indeed, old resistance got already tested 3 times (click Play on the right to see updated prices) :   https://www.tradingview.com/v/JVzIzw0h/