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The big buys kicked off right around the closing bell of US markets. Likely coincidence, but interesting.
I wonder if this is where some of that mysterious coinbase liquidity went? Not enough business days to do two wires though.
More questions than answers I suppose. Good to remind shotrers that freak candles of doom can happen to them too.
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On topic: I predicted that this monday is going to be "Wall Street Monday" for several reasons. But you would expect inside rumours to cause a lot of buying today before the news are in the media. And it's not happening. Tomorrow evening, I will probably have to admit that my first short term prediction on this forum was wrong...  Don't worry friend.  |
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I'll leave the rest to your imagination.  |
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You make the case about as well as it can be done at this point. Although, there was also extreme profit motive vs Mark K, on the other side of the razor.
no, the USG was way up his ass in many ways. not to mention the $5.1 M they seized from Tibanne here in the US. i'm sure he was under a gag order. so was the Japanese police ever since the 17.5 to 0.0101 hack as he reported it to them. i'm sure during the subsequent investigations his systems got compromised. and if i'm right, that they had access to the systems, i wouldn't put it past the gvts to steal coins that could be responsible for the depressed prices we see today in the never ending inexplicable selloffs we've been getting. that's my tinfoil. The June 2011 hack happened exactly as it had to. With access to a huge amount of coins the price had to be dropped to near nothing, allowing a certain dollar value of btc to leave the system. A non-state actor would face it the same way. I'm definitely not ruling out your theory. Just feel there are other possibilities. |
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There's a rate spike yesterday... was it really 4% avg rate for a BTC swap? That seems insane.
The bulls don't have a monopoly on idiots. |
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Peter's is a good theory. in fact, i take it one step further. i think it was probably gvt agents who took it down from 17.5 to 0.002 at the time. what a crazy way to accumulate coins, if it was indeed just a hacker. if he had really stole source code, he would have just bled 100 coin lots over the next 3 yrs as was apparently done according to WizSec. no drama. i remember quite vividly watching the attack take place real time on what was then used, Sierra Charts. it was a straight down spiral of the price with no intervening buys, just selling. it reminded me of watching the Bear Stearns chart plummet in real time back in 2008. it's indescribable seeing such a thing happen right before your very eyes. it was so public and so obvious that the guy Kevin got identified immediately for having bought 259684 BTC for under $3000: 06/19/11 17:51 Bought BTC 259684.77 for 0.0101 https://bitcointalk.org/index.php?topic=20207.0no, my bet is on gvt agents who were trying to destroy Bitcoin. this board was covered with obvious trolls even back then and mtgox had just captured the public's attention for the first time with the run to 32. since then, we have found out an astounding number of facts about NSA's unabashed unconstitutional actions to invade privacy and perform sabotage such as Stuxnet, Gemalto, Prism, Merkel's cellphone, etc, etc. The SR agents were methodical, ruthless, and matter of fact about stealing SR coins acting with impunity. doesn't seem to far a stretch that gvt agents would steal from mtgox while taking it down at the same time. it would explain the radio silence on the whole issue as well as an attempt to bury the truth forever. You make the case about as well as it can be done at this point. Although, there was also extreme profit motive vs Mark K, on the other side of the razor. |
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A significant percentage of the oil/gold/alpaca? market is speculative, based on global conditions and psychological perception. Obviously some of this by participants that will never utilize the underlying asset.
Almost sounds familiar. Aside from the fact that BTC is not generally consumed at the end of the chain. Aside from private key loss I suppose.
"Trolfi" has it right when he says that funds with high risk profile have already had an opportunity to accumulate. They have, to the tune of tens of millions of $.
The only thing GBTC/(or COIN in a very lucky 12 months) could change will be to open the door to the segment of people with a brokerage account that have scoffed or balked at any other method. Could be the difficulties of storage, taxes... in general having someone else to blame? They also see wacky chart with a spike and a relentless downtrend, hard to call the outcome of all this.
I've had 5 posts deleted in the culling, all enough off-topic and without relevant content to warrant it.
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Over 30K shorts. There isn't enough coins for sale to close those shorts out. If they cascade close we could see million dollar coins!
This is just as (un)convincing as: Over $25.5 million worth of longs. There aren't enough bids to close those longs out. If there is a giant red dildo cascade we could see single digit coins! |
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Nice illustration of the psychological impact and ultimate result of the coinbase wall shenanigans.  Relatively little volume on any exchange for this move. |
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Congrats on the several percent rake. The falling knife trading method has its perks.
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Fuck the 1%. Coinbases last blunder they sold TONS of BTC off the real positive news with their lie. So sell a bunch of expensive $320 BTC and buy them back the next day for $240.... fuck the 1%. I think Bitcoin is due to pop pretty good... it would be a sham to see Coinbase try to suck up some of the limelight with fake news again  . Really excited about Rand being at the Bitcoin event tomorrow. Even a small glimmer of hope with a USA president that likes Bitcoin... he could set the pace as far as accepting it and not wanting to make USA coin. http://www.coindesk.com/rand-paul-new-york-bitcoin-event/Small glimmer, feels familiar. Not unprecedented with the coinbase wall. But not an everyday thing either. |
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Curb your enthusiasm.  Chart buddy chalk block. |
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 Kind regards. |
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Kind regards. |
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Well, isn't that cute. First wall I ever remember seeing at coinbase.  Was non-existent just a few short hours ago... Not sure if bullish. 5k at 220, I've seen them before but they're like regulated US unicorns.  |
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 Early adopters and such. |
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Finex bids retreating.
Two posts deleted in this thread for me.
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What's with the near linear volume ramp on huoboy?
Nobody else is buying it.
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Wash volume, grumble, grumble, goxkcoin, grumble.
Save us Barry.
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Fence sitting is for the...  |
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