Oh noes. Competition!

And you're following them since ?

When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.

I am amazed to still find people posting about currency deriving its value from "faith".  That is a  preposterous  big lie which gains currency only from its constant repetition.  A currency per se derives its value from its use.  Not from faith orconfidence or backing in quatloos or fairy dust.  This is accurately and adequately described by the quantity theory of money:  PQ=MV.   The value thus derived is kept connected to the currency by the faith or confidence that the utility conditions described in this equation will persist over the users discounting horizon.

Bitcoins have uses other than use as currency, i.e. a medium of exchange, and therefore the fundamental value of  bitcoin is greater than the total M might naively imply,  but of course the quantity theory adequately accounts for this in the V factor.

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

i had 320,000 that i sold recently. wtf are people thinking?  i made like $2,000,000 more or less on accident. this sort of thing makes me worried. no fucking way that should happen. that alt is not worth much at all, its why i got so much of it in the first palce.

Thanks! Sometimes it "pays" to be a physicist.

Most possibly yes. It refers to Free-Surface Synthetic Schlieren (FS-SS) an optical method developed for the measurement of the instantaneous topography of the interface between two transparent fluids (search in google for: Bubbles and Spikes in the Rayleigh-Taylor Instability). A great article can be found here:http://www.fast.u-psud.fr/~moisy/sgbos/tutorial.php
Oh one last thing:

(looks familiar doesn't it?...)
You'll be amazed how many things econo-metrics and fluid mechanics have in common.

Bold part is very true, just wrote about it on other thread.

The only people that are shitting their pants at each 20$ or so dip are those that invested in last month or two and are scared to death that their investment might be wiped out. Most of us were there and acted like that. But with time, you just learn that BTC always come back and only governments banning it could make a difference. Since most important government basically gave a green light 2 weeks ago the only point is if we are going to take advantage of those dips, flash crashes or bear markets.

Hats off man, now i gotta give credit to this algo trader theory.There is some higher power above controlling the coin 

Word on the street: India.
And they hate being out done by China.
$1300 next week

It's not reasonable to expect a second "China effect" out of India. Our attention now should be focused on Wall Street.

If I did buy and hold I'd still have 7 BTC. I didn't, I traded like there's no tomorrow (alts vs btc mainly) and if everything goes as planned I'd probably own 300-400 BTC some time Q1 2014. 200 almost guaranteed if I'd be live at that time.

It had nothing with TA though. Making money on alt pumps and dumps has heck all with TA, it's much easier than that.

Yeah I called it slaughter for today.. on overnight bears. I mean if your long term sure maybe we visit 600 - 700 there is no doubt we've run up quickly.. but how long we stay there is probably like an hour.. 2 max.. to many bullish or long term investors showing up. I mean maybe the billionaires are colluding to short.. but they're doing it to get cheap coins..

Way lower than this.

I just got an SMS reminder that I had set a couple weeks ago for 4100 CNY so I'd wake up if we passed it in the middle of the night.

That put things in perspective...

This is the kinda sentiment I'm talking about, but this will not fly in the real world.

Dump #2 incoming most likely, when you least expect it.

As you have constantly said this whole course.  It only going to matter to those that made it a loss at an attempt at shorting only to buy back higher, doom and gloom may be around but you should notice the posts are of a whole different quality from a completely different set of people (posters), lately in the midst of the fear that had taken grip.  The volume is still short on the buy side... its going to take back off once people realize there really aren't that many extra coins for sale (this could change later) but for now there has been alot of attempts at actually trading what was a quick slide and is far from the worse in terms of sheer loss nor the amount of volume it took to get here but it will go up much easier than down. Lots of timid money waiting at the sidelines for the go sign

Im ready to sell if this starts to smell trap

Another insight:

Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.

TA foresaw this crash. It was a clear double top. And until we break through the neck, TA will tell us that this recovery is a bull-trap.

Or somebody who made a killing selling at $1000 and buying back at $600.

Remember, every person, without exception, who is calling for major drops in price, has sold at least a portion of their stash and are wanting YOU to sell your coins to them for cheap.

Look at them... they are still trying to push this over $1000. These people are mentally ill.

That was reason talking, but not that it needs to be that low. Insanity is trying 3 times in the last 24 hrs to go to $1000, especially when you see the price tanking. That isn't the time to buy back in and then go up again. There are buyers still trying to ride the euphoria of greed to make profit. that is the point... the bubble hasn't fully burst yet.

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

However, if/when we go to ATHs that $100 million sitting on the sideline is going to jump back in. And its goina get crazy up in here.

Hate to take the bears side but whoever did the dumping will be buying back to do it again. No idea when though, strong rises have often been closely followed by long downward pushes but interest has gone up a couple of orders of magnitude since then and the publicity just keeps on coming. Either way its likely bear coins will be running near empty unless there's some big movement on days destroyed.

Mark it. $200 by Friday.

Uhh... that was a joke, nitwit. Made obvious by the tone. I was quoting someone else.

Uhh... that was a joke, nitwit. Made obvious by the tone. I was quoting someone else.

Did Keiser dump his coins?

Max Keiser ‏@maxkeiser 5m
JPM will attempt to use patent trolling (the way MPAA uses copyright trolling) to terrorize BTC users. Is BTC community up for this fight?


Max Keiser ‏@maxkeiser 9m
Based on JPM's patent trolling initiative combined with TPP global IP capability we are lowering our BTC target price from $1,700 to $1,400

what was that? Sharp knife on all three major exchanges at the same time?

After studying these markets daily, I believe I have a pretty good pulse on where things are going. Here are my 2 cents currently.

There is a groundswell of buying pressure sitting off to the sidelines and its growing. Its growing for 2 reasons. First, most traders are not 100% bitcoin at the moment. Just look on this mostly bullish forum. Most of us are partly fiat right now. We have $$$ sitting on the sidelines. Second,
there is a lot of new money coming into the exchanges that are not buying right away. That is why the bid sum is increasing. People want to invest, but do not necessarily want to invest if the price is going to go lower.

So every possible mid term scenario (minus a catastrophic one, which always exists) has one final result - an strong upswing in which the money is forced to come back into the market. This will eventually cause another large rally. To where, I do not know. But it is coming.

I think there are 3 near/mid term scenarios. I will list them most unlikely to most likely.

A.  Incredibly bullish news spurns the market upward suddenly forcing the money on the sidelines back in causing a new huge rally.  

B. The market consolidates where it is (around $900) for 1-4/5 weeks. This would be the most bullish scenario and would be similar to the consolidation around $120-$130 a few months ago.

C. The market ebbs sideways and downward over the holidays as the holiday season wins the news cycles and people hold off on investing and sending more funds to markets.  In this scenario, we DO NOT reach another low past the $600ish already established. This would be very similar to the April rally where people expected it to test the low of $50s but it only got to $66, because everyone wanted to buy low.

I think C is most likely given the holidays. We will trend sideways to down, we will start a slow upswing sometime before $600. Somewhere from Dec. 30th to Jan. 31st that upswing will gain momentum and by sometime in February we will be in full fledge rally mode again. I also think this scenario could happen before February as well.

I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough.

And Gox refusing to play along.

wow FUD should make price drop even lower

This year was a huge bubble...
There was no correlation between price and increase in transactions.
It was pure speculation. If you don't see that, stop trading  

Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face.

Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.

And I have no access to my stash so I can't even trade this.

Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.

my avg price is 588

fuck i'm good!

We will drop at least 20-30% more. Europe wakes up. 7:45am here. Not all are up or @ computers.
Wait 2-3h for the next selloff.

"Durrhurr silly bulls, my exponential trend clearly predicted the Chinese government would curbstomp Bitcoin"

So this is the moment where we buy, right?  

Let him finish jerking off, jeez.

China didn't move in last 100$ or so of Gox drop.

let it settle first.

Looking at Blockchain.info the next few blocks add up to nearly 100K in Bitcoin. So, this ain't over.

there have been many of these moments lately. I'll chill the fuck out when someone buy 2.5k coins in a single buy.

also to the doom and gloom about China.. why don't we wait for them to actually say something. We know they were asked to stop using third party deposit systems and Chinese companies love to self censor so we just need to let them show us what their Government decided was the new way to deposit as well if they do.

Things look similar to April.

On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32

Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.


On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266

Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low

Do the underlined figures look very similar?

For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.

Technically we look much better off now than 3 days ago.

Good point.

Hehe I've basically called this drop exactly how it's happened using technicals. If you want to trade using mass psychology be my guest. If you want to sell some coins to me now I'll buy them.

Discuss.

LTC is tied with BTC pretty much always since March (bar a short period of 2-3 weeks below it's huge rise recently).

Most coins are now tied with BTC unfortunately, and that's something new. They were usually going in opposite direction of btc and that's where big money could be made.

yeah.........they are just allowing folks to get their cash out before they close down the exchanges imho

just doing this in stages imho

I don't think it will go much lower anymore in the short term. Even if they sell it to zero in China does not mean that the west would not have competition on who would get the cheap coins. Short term we are very oversold and it is only a liquidity/waking hours issue to go back up. The fact that there is a huge arbitrage coin influx from China dampens it a "little bit", though, but this is already in prices in the west.

The exponential trend (now at $437) was touched, which means that longer term bitcoin is no more overvalued. I regard this as a good entry point and have bought thousands of bitcoins yesterday and today, closing all speculative short positions at a nice profit and gone speculative long with funds I need in 1-2 months.

My last bid in Bidstamp is sitting at 421.42, please somebody sell into it!

Double Digits incoming.
Sell now and gain much coins.

We will drop very low.

Is Loaded buying China?

And in the end we know we have to keep the girls happy so we buy the silly rocks... 

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.  

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins.  People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever.  I am contributing by buying and hodling.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox.  I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.  

What discount do you think the big off-exchange trades are going at?  My bet is that they are at least a 50% discount to market (still an enormous sum).

The strange thing is that the last time he said anything like this was "Large movement possible soon. Guess the direction." on Dec 14. Then between Dec 16 and Dec 18 the price fell from about 900 down to 450. That's a pretty decent dump so I'm surprised you didn't make a killing on it

Edit: beaten to it  

Rpietila said there would be a drop to low 400s in December. I held my fiat and waited. Sure enough, my phone started blowing up with notifications of falling BTC price. I waited, it hit 400, I bought, and it immediately rose hundreds of dollars. I said thank you to Rpietila for his advice. I am now up over 100%. Some fool I am...

We are going to correct soon, imo. This is unsustainable. Unless masses of new fiat hit the exchanges tomorrow, there is going to be a snapback. If we blow through ATHs like butter, I will be as shocked as anyone.

I think Zynga may have something to do with it

What about  repietila? Is he bull or bear now? Need to know to do the opposite he says

Doomsday traders in a panic! Today is the day we really screw 'em HODLERS! Let's go!! Ha ha ha! 

Because nobody knows what the price is without China. China is responsible for the entire rise from $110. The silk road crash ended when China started buying. There are people who think even that the silk road crash would have continued lower without China, below $110, maybe all the way back to $60. Then China brought the price all the way up to $1250. For the past 3 months every exchange has simply followed the Chinese price like a slave. Now every time there is bad news the price just drops like a rock without any resistance. Then the price recovers because China started buying again - every time. People think "oh now China news has been factored in" but it hasn't. I STILL observe all exchanges following every movement of China like a salve - it is wired into all the bots and the strategies of all the traders - like an automated process. Anyone who thinks China isn't still leading is fooling themselves. So what happens if China is removed from the equation completely? Nobody knows where the drop would end, where real support on other exchanges would kick in, and what the true value is without China. It is some variable anywhere from $90 to $900. It is a mystery. Sure the news adds value but from what basis? Let's say overstock adds $50. $900 + $50 = $950. But also $90 + $50 = $140. Nobody knows so they are cautious.

Huobi went the other way

I have no idea which way this will go by tomorrow. Could be anywhere, 50/50 for me for now.

This mining centralization thing is ridiculous. Its not an issue for so many different various reasons, the most obvious one is who wants to take a gun and shoot themselves right between the eyes?  You find me that person who is also a powerful miner and I will start worrying too. Actually I won't. Because the whole issue is retarded mentally handicapped.

Anyway anybody with half a brain probably gets it by looking at this chart:


Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it.

Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes.

Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation.
And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it.
http://www.newyorkfed.org/research/current_issues/ci15-8.pdf

And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

Another bitcoin related pennystock having a good day:
http://www.bloomberg.com/quote/MYRY:US

not at all, we resume our new year trend of positive growth on the weekend. then fud about huobi came out and we're experiencing turbulence, I would postulate that we've made it through the rough patch  until China re-releases a statement and or go after the business account of huobi

houbi just needs to go bi bi already

overstock taking us to the moon on monday as soon as funds arrive

What would be the point of an intelligent response when the first statement I made was so easy to understand?

You idiot.

Unless there are early adopters sitting on millions in profits waiting for places to spend them.

More bad press from China. (Note at bottom says it was published in a Chinese newspaper, doesn't say when):
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval

Bitcoin is a Ponzi scheme masquerading as a futuristic currency.

Actually, that's kind of exciting in a choo-choo kinda way.

Me 3. No better way to start the day with more bitcoins comming my way

looks like a massive manipulation attempt.

first: 1500 dump on bitstamp, at the same time bitcointalk went down
it didn't crash the price

next: hack of bitfinex, 2000 dump on stamp


someone desperatily wants the price to plummet down to slaughter sheeps in the resulting panic

I think that this will be too hard and this project will fail. It will probably pick up again with new cryptos that have more favorable properties for keeping the price stable.

Man, once Gox can process btc withdrawals again, this price is going to shoot back up. This fall is based on nothing tangible at this point.

How many of you really think Gox doesn't have the coins/money to cover the transactions? or do you think this is just a technical issue with their wallet?

Yeah.

All this talk of Gox driving down the market but the lionshare of sell-off volume has been on the exchange where fiat is cashed out the easiest and fastest, Bitstamp.

Posts like this are useless with nothing to back them up.

If the day ever comes that you spend your time learning about the bitcoin eco-system and the developments that are happening across the world and stop staring at time tables about when the Chinese sleep, you will have a lot less doubts.

I'm long-term bullish, short-term bearish, and completely mercenary.

I don't think I've ever hit the bottom or the top.  Close counts.

Bitcoin's doing just fine, up over 2000% in the last year alone. Its longer term growth has been even more impressive.

Why is it that even during downtrends, the bears always seem so stressed and serious?

Well well well  

seems like another 80000 going to hit market anytime soon:

http://www.reddit.com/r/Bitcoin/comments/1xtv92/breaking_silk_road_2_hacked_over_88000_bitcoins/

together with the 100k from sheepmarketplace, they could dump and hold the price down to 10$ for the next months, lolol

Edit: Bullish note

You don´t have to fear the FBI anymore, lol
They are just another small fish right now

Any confimred sources how much have been stolen on MtGox or maybe even Bitstamp?

It depends on how myopic one is. Obviously dismissing Bitcoin on a mere 2 months worth of dip is just foolish.

If you look at the relatively short time of only one year, "all investments" are not doing "just fine" to the tune of 2000% growth.

Similarly, how many investments have gone from a penny to a g-note in less than 38 months? That's over 3,000,000% per annum on the average.

seems to be 4400 coins, the admins claiming they used the malleability issue which I don't believe at all

http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/ this is one of the articles I've read.

edit: answers lay here Adam

"Update: The amount of BTC that was stolen was calculated by Nicholas Weaver @NCWeaver – Computer Security Researcher, to be around:  4474.266369160003BTC that are with the value of about $2.7 Million."
This seem like a good estimate I'd love to know what the calculations he used we're

4,000 coins is the sum of all the transactions published by the alleged sr2 admin:

http://www.reddit.com/r/DarkNetMarkets/comments/1xtqty/sr_has_been_hacked/

40k - 80k its completely unrealistic IMO. And there is no way this isn't an inside job.

Gotta say, the Silk Road 2 news is pretty amusing.

http://www.coindesk.com/mt-gox-bitcoin-price-falls-post-china-low/

"The most direct contributor to the day’s decline was the revelation that more than 4,500 BTC were reported stolen from online black market Silk Road 2.0, which failed to adequately respond to transaction malleability issues that were earlier reported by Mt. Gox, Bitstamp and other exchanges."

All coins might be stolen! Even Stamp. Oh my God!

Edit: Gox below 450$!!!!!!

Edit: China below 3700

How come you don't need my advice when you have millions in fiat? Don't you need any advice or just mine? When only mine, then why do I get treated differently?

I also have millions in fiat, so I don't really need your advice. Thanks though.

Jealous much?  My point was, your fellow troll was giving us all condescending advice. And we don't need it. I've got my health and I've got bitcoins. If they go to zero, I. really. do. not. care. I'm not just holding. I'm getting ready to buy more. Lets compare notes in 6 months. Ready?

If not, then fuck off.

Most of the trolls on here are thrift shop whores with hardly any coins. They desperately want lower so they can turn their 3 coins into 8. And its just annoying.

I can tell you're not that well off because you are here just to trade. Its even what you named yourself. And wealthy traders aren't spending time on bitcoin forums. Most don't even trade bitcoin, they trade stocks and commodities. Most of them are too risk adverse to trade bitcoin and if they do, they certainly don't engage in conversation here. Most of the wealth on this forum are people who already have lots of bitcoin and trade in and out of some from time to time.

Most of the wealth on here is also pro-bitcoin. They are here because they actually believe in the idea and technology. You don't. You are only here to make money. Because you don't have enough of it yet.

What did I say that was incorrect? I noticed you did not dispel any of my assumptions about you.

Bottom? Or lower during the weekend?

Ol' Gil is not worried, even if he bought in at 700$.
Ol' Gil sees that the price is going down very slowly, so it's not dangerous at all! Soon there will be an upwards wave and Ol' Gil will finally catch his big break with bitcoin investments!

What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp?

Anybody just see what happened on gox about 5 mins ago? For about 10 seconds there were about 1k coins to 100.  Then the book was rapidly rebuilt. Shenanigans.

Anybody still doubt that Gox traders are the dumbest in the world? Anyone with more than half a brain cell over there who is keeping a close eye on the first withdrawal confirmation or announcement is going to get coins at 30cents on the dollar. They will get coins for $260-300 that will go up to $800 in minutes. Actually anyone with half a brain cell already bought within the last 36 hours to secure their easy money spot.

Gox bitcoiners = the ultimate level of stupid.

Well, Windy's a millionaire....

but he just seems very angry these days though, which just shows money can't buy you the most important things in life.

A million BTC?

"Apart from all the trivial inconsequential things that make me really angry.... I'm happy..."


 

Beware those who would judge others happiness through an internet forum

This is something we can speculate on freely.

1. Who would put buys at <10$ and just leave them there?
2. Who would put buys below 1M coins in the orderbook? Below 10M? Are there ("Should there be") 1M coins on Gox?

And while on the subject, is there any reason why Gox could not trade on itself with a virtual account? Any reason that account could not be unlimited? While Gox are separated from reality they could literally move the price anywhere with no cost. That conjecture is consistent with Willy's behaviour. Also traderCJ noted that bid book sometimes thins to 100-500 coins. That happened a few minutes ago and someone took a deep dump then put the bid walls there again.

Because. using. full. stops. makes. it. so.  

As Blitz and TERA pointed out a few pages back being open source is not an advantage, indeed has many disadvantages while the events of the last week show why the alts (the serious ones such as LTC and PPC or even FTC) are needed - a single black swan event could wipe BTC out but the concept will remain, and those players will be able to take advantage.

Never. Say. Ever.

Tell that to all gov, hacker, bank trying to wipe btc out since 2 years

Wouldnt it be hilarious if they just started fiat withdrawals as well.

I´ve done some more analysis and we can clearly see the puking vultures formation right now. Again, it doesn´t look very good for Bitcoins future 

No offend, but a speculater like you contributes nothing to bitcoin, no matter you win or lose money. Therefore, your interest on BTC really matters no so much. If anyone interested in bitcoin is just want to buy low and sell high, then BTC better to die now.

Wait a minute... a speculator that is wrong all the time, amplifies the ups and downs. A speculator that correctly foresees the highs and the lows and take corresponding action, will dampen the swings. If all speculators were really good, the swings would be wiped out. You could also say that a bad speculator is good for the good speculator. A buyer and holder (or a holder and buyer...) dampens the grand shock of implementing the whole thing.

i have no clue what you've all been trolling about, i've been a busy bee..
but CCMF sounds right.
with this new higher low, that bottom is looking solid.
we're seeing a rising price when the market isn't taking heavy fire.

1800$ in 14 business days?

i think so....

 

I wonder what Marks mom thinks about his son right now...

I'm still waiting for the suicide watch sticky on /r/bitcoin.

Buy now on Stamp. Because this is as good as it's gonna get, and it won't get that good again.

Stamp below BTCe? What is this sorcery?

Yeah..I just came out again....looks the Bitcoin brigade are coming to the rescue once again (I honestly believe that Bitcoiners move to 'protect' their fav asset). If we can get up to $570 region though, I would short that in a minute.

Don't have enough confidence in potential break up to go long though........even if it transpires, be a max of $30 in it......not very good is it.

I hope people are under no illusion that other exchanges are any more safe.

Large buying activity on stamp in 200-400 blocks. Walls getting demolished. Looks like bottom.

last call for cheap coins

If it's not a major player or group of players in the tech/finance spaces buying out Gox, then it will not survive. Gox needs to reorganize, recapitalize and rebrand.  Someone like Peter Thiel of PayPal worth billions. Ironically, They would need to keep Coffee Boy on the payroll for quite a while to aid with the transition. That clown didn't give a shit when it was his own money on the line, so he'll probably be even worse as an employee.

No news is bad news here and I think it's safe to assume the worst. Nobody is coming to the rescue. That way the only surprises are pleasant ones. Really hope I'm wrong, but there are only a handful of people who could pull it off and I doubt any of them want to. MtGox may very well be liquidated and claimants will get pennies on the dollar.

Great time to be lending BTC on bitfinex - it is sitting at an incredible 0.35% daily right now!  That is around 127% APR - compounded daily which would make it an effective annual rate of over 255%!!  Why are more people not lending BTC over there??