All posts made by chrisLG in Bitcointalk.org's Wall Observer thread
1.
Post 1882280 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_10.53h):
I've been thinking for the past few days that the "crash" may just have been an epic bear trap in hindsight. Time will tell...
2.
Post 3500565 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_11.20h):
any thoughts about what the stamp whale is trying to do with his huge bid wall?
Sell his wall at Gox?
And then? He will never get the 2 million USD out of there.
3.
Post 3637955 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_11.25h):
I know it's bitcoin. I know it'S the honey badger of currencies. I have often been amazed by the madness that is bitcoin..
But that was awesome. The speed of the drop, and the speed of the recovery.. almost like nothing happened!
BITCOIN!!!!!
this.
4.
Post 3740161 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_11.29h):
Reminds me of pirate's scare tactics... Sell, sell sell, hope to cause a crash to buy back in at a lower price.
I think those times are over since we now have more than one exchange.
5.
Post 4991157 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.03h):
6.
Post 4991183 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.03h):
So time to buy cheap BTC: Panic selling because Mt.Gox no longer allowes BTC withdrawals is not clever...
http://www.coindesk.com/mt-gox-halts-bitcoin-withdrawals-price-drop/It was pretty obvious it would come to this. I am very glad i withdrew all my coins from them in november.
7.
Post 4991222 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.03h):
exactly windjc.
Although Mt.Gox right now is like a black hole: You can send fiat and coins there (even trade them there) but won't get them back.
I advocate just using another platform for trading and be done with it.
8.
Post 5060298 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.06h):
Mt.Gox - their wallet does not seem to be their only problem.
I can't understand how that happened, if it was an open order how could get pass and sell at 500 when both of us were willing to buy at 505-506?
9.
Post 5252644 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.13h):
I'm pretty sure the situation is as follows: Some insiders have gained more evidence that Mt.Gox is in fact not able to pay back all of the customers deposits (propably due to their own ignorance in simply reissuing transactions that customers claimed they haven't gotten after changeing the transaction id). The higher the probability of a Mt.Gox default, the bigger the spread between Gox and other exchanges.
Since the information ist asymetric some traders at other exchanges only see the dip in Mt.Gox prices - they do not have the information whether this is due to a Mt.Gox problem or a general Bitcoin problem. So they hedge their risk by desinvesting parts of their bitcoin reserves.
This results in the Mt.Gox drop being from 260 to 160 (38%) and the bitstamp drop just from 625 to 595 (5%).
Absolutely what you would expect from a well functioning market as long as there is no confirmation (but high propability) that Mt. Gox is defaulting.
EDIT: Minor spelling correction(s).
10.
Post 5252769 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.13h):
Bitstamp price no longer affected after initial 5% shockwave of 30% Gox decline. Looks almost completely decoupled now.
11.
Post 5252987 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.13h):
@EuroTrash - you're probably right. I was just wanting to point out that stamp is no longer following Gox' madness.
There will always be side effects from one exchange to the other, as long as there is trading.
12.
Post 5355892 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.19h):
Not if you think that there's a tiny chance MtGox and its associated assets could be bought, restructured and rebranded into a functional, profitable exchange by a forward-thinking capitalist. A longshot for sure.
Why would anyone do this? The Gox brand is worth 0.00 after the last few weeks. If you want to build an exchange from scratch I would do it without having a massive (de facto unrecoverable) liability of about 3.5 % of all bitcoins ever to exist (if the numbers of 744K BTC lost are correct).
13.
Post 5367827 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.20h):
Anybody can say it's their address. If Gox actually wanted to demonstrate their BTC solvency they could easily do so be I signing a message with a key corresponding to one (or more) BTC addresses holding a sizeable amount of coins.
The fact that they are not doing that should give you an indication. They sure know about this method.
14.
Post 5426572 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.22h):
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.
So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.
15.
Post 5426752 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.22h):
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.
So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.
No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.
The only time there is less coins is if the keys are lost.
Mt gox customers were trading and owned imaginary bitcoins
Yes - but a lot of market actors actually have less Bitcoin than they previously thought (everybody with balances at gox). All those that want to replenish their positions will exert buying pressure on the market. Or am I missing something here?
16.
Post 5426817 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.22h):
You're assuming that these people who had massive balances on gox (early adopters, whoever) and were cut off to those overnight are able to put the same funds on other exchanges absorbing that hit I guess
Even if they'll just rebuy a tiny fraction of their former balances - this will still mean higher demand.
17.
Post 5427911 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.22h):
the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that
-bitcoin was
hacked-
forged bitcoins are circulating
-the central bank of bitcoin (mtgox) went bankrupt
http://www.handelsblatt.com/9534814.html 
I hope that is a google translate fail.. If not wow on the fud factor.
I'm german. This is exactly what the fool in the video said.
As a German - can confirm. This is by far the most moronic video I've seen in a long time.
What makes matters even more ridiculous: "Handelsblatt" as actually a quite reputable business-newspaper. When reading/seeing the quality of news coverage
where I actually know something about the subject makes me really afraid about their reliability concerning subjects that I am not familiar with.
18.
Post 5428093 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.22h):
i think he should receive some kind of reward for this. the CHIEF EDITOR .... the 2014 golden FUD oscar... well earned.
Well, as soon as you know a little more about a specific topic which the media is covering, you see that the world of mainstream journalism is full of crap. People who still listen to them almost don't deserve otherwise.
+1
19.
Post 5550461 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.24h):
maybe i misunderstood, but didnt Gavin Andressen kinda validated this info??
No - he just regrets talking to that "journalist" because his description of Satoshi led her to believe Dorian was Satoshi.
20.
Post 5643255 (copy this link) (by chrisLG) (scraped on 2020-04-04_Sat_12.26h):