Bitcoin Forum

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Buying 18K BTC wont move the market much, even if they buy 18K in one go. Right now it will bump from 5.13 to just under 5.2.

That would be enough to start a small rally, because the resistance above 5.2 is a little better.

They should have off-site backups. Although zhoutong's wording in [Emergency ANN] does perhaps suggest otherwise.

In any case, they could have bought most - or all of the coins already.

They buy it privately people, if you actually see 18 k buy I would be amazed..

You figure they know someone who has 18k on hand who doesn't want to keep 18k on hand?

I'm not saying no one will do a private 18k sale, but that sort of person will probably be passing that demand right back into markets you can see.

I noticed. This could mean:

• Panic move by zhou?
• Hacker made it prior to taking the screenshot?
• They lost everything.
• Something else.

Good luck getting any real honest answers out of bitcoinica. It all started to reek long ago, only people getting hurt is those who trusted in their inept abilities to maintain secure.

Yeah, I was done with bitcoinica long ago..   its just ridiculous..

Its the same as slot coin gambling..

And nearly useless when its stable like it has been the last few months..

There was an 8.4k trade not too long ago.
http://www.blockchain.info/tx-index/6311160/d25c59c988315b193ce7b2cebb6c2682ef37acfcc0002de968f8d2e466fcac68

Probably highly irrelevant, but interesting.

that was me, had to pay the hooker in bitcoin..

Worth every satoshi..  :D

So, what would one get for ~$42,000USD?

She better be good at it!

Her twin sister too... ;)

Haha
Sounds like the Campbell sisters. They're mmm mmm good!  :D

lol :)

Soups up!

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The Campbell Sisters (http://a3.ec-images.myspacecdn.com/images02/146/e4ef7339466e4076b772cc2e0ceed732/l.jpg)


Erk.. nothing special about that, I hope you refered to some other Campbell sisters :P

Retracted!!1!!ONE

Not what I had in mind. Perhaps I should have done my own Google-fu before making such a statement!

http://stars.ign.com/articles/996/996946p1.html (http://stars.ign.com/articles/996/996946p1.html)

better than nothing.. :)

So does anyone have an estimate of just how much user BTC/money is tied up in this fiasco?
Sucks to be them, for sure.

I think they said the hotwallet was like 20% of funds..  So they had 80k btc in cold storage, maybe the same amount in usd??..

I'd guess to settle up they need to pay out around a 500k USD plus 100k btc..

I'm just waiting for the supposed "mass leak" ... any news on that??

What exactly will be a mass leak ???

Any ideas ?

Oh, you know. My email address. Perhaps a plain text password or hashed if they had a clue. Maybe what was left in my account of .00034 cents.
Maybe my transaction history showing my losing trades so people can laugh at me.
The usual.

Hilarious

What's probably happening is that they're sending the small payments, and the big amount is coming back to the same wallet each time as change.

What's the latest from Bitcoinica on this?

there should be quite a few people owning >= 18 kBTC. in 2010 there where probably no more than 1000 people mining. let 20% (1000 * 0.2 = 200) of them have mined 80% of the coins (5 mio * 0.8 = 4 mio), then there's 200 people owning on average 20 kBTC. Do that pareto-trick again and you have 40 people owning 80 kBTC each, 8 people with 256 kBTC and 1 or 2 with over a million.

I know that's very rough guesstimating here, but it gives you an idea: Bitcoins are not evenly distributed and some people might even shell out 18k for some fiat without subsequently re-buying it on the market... they might even be waiting for a buyer like that because they might need fiat and don't want to hurt the exchange rate.

lol, that might've been a 0.406 BTC transaction, too, we don't know. Not necessarily a "trade" either.