It is an old miner. Old miners were mostly believers in BTC. It had no value back then. If they didn't believe they would have sold by now.

If someone wants to dump that many coins it would hurt the seller dumping them at once. Clearly they would be doing it to kill confidence and the price. That would be temporary. They would have to sell them across the big 4 exchanges. That would probably bring the price down to the 200's or 300's judging by the market depth.

All conjecture at this point but I have faith in an old miner. Time will tell, that much we can agree on.

Confiscated implies some wrongdoing. I see nothing to warrant an accusation like that.

How long does it take to make it into the Bitcoin Days Destroyed charts?
Here is the 30 day chart and there is no rise from this transfer:
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0&address=

I have solace knowing that this is not going to be a dump as it is an old school long time holder. But might start selling some, taper the fast rise some.

The letter included an email for contacting Titan to fund your coins. Now, of course Titan could check that email with the one you used to purchase your coins but I don't know that they do, for people often order things with one email and have other emails for different uses. The best thing imo would be a simple form of 2FA as mentioned above. I'd like to see what TitanBTC says about this for clearly that company listens to customers (e.g. adding the private key coin). I trust in what they do and my suggestion is just that, with a bit of question thrown in. 

That pattern on the daily (actually you said 12hr) chart Lucano is very interesting. I'm surprised I haven't heard it mentioned before (or noticed it myself). After you mention it, it is so obvious.

Basically, you are saying that the long wicks on the bottom are showing a push towards the ema's but that BTC is bouncing back up, wanting to resume the uptrend.
That is then followed by a higher lower. Which has (so far) been verified today.

Good eyes  
IAS

My coin arrived and it looks great Titan.

Just a question, or rather suggestion.
The coins ship with the delivery confirmation number. My envelope was sitting in my mailbox (which is ok, pretty safe - locked).
But, if someone did get their hands on the coin, they have the confirmation number and my name, so they could easily get it loaded.

So considering the potentially huge future prices of BTC, might it not be better to use a simple form of 2FA? For example, the email used to order the coin gets a verification email sent and from there the paper delivery confirmation number is typed and sent back. No email on the paper in other words (or a different email to catch the thief should they try. They alert you.   )

Thanks for bringing some coins to market (with the private keys) that are available direct and not just from resellers.

IAS

Mentioned in another thread:

BTC's rising sign is Leo. Leo is ruled by the Sun. So that means, when the sun goes through Aries (and other fire signs), things might get explosive. Early this year, BTC's rise coincided with the suns move through Aries (March/April). Well, in less than two days, the sun is moving through Sagittarius (fire sign) - symbolizes EXPANSION amongst other things. This is happening in the 5th house - Leo's house. So, maybe the fun is just starting. 

eheheh, Thanks Lucano. I might be the inspirational BTC speaker but you are the master of the Candles 

But here, how about an esoteric BTC comment? Just for fun. 

BTC's rising sign is Leo. Leo is ruled by the Sun. So that means, when the sun goes through Aries (and other fire signs), things might get explosive. Early this year, BTC's rise coincided with the suns move through Aries (March/April). Well, in less than two days, the sun is moving through Sagittarius (fire sign) - symbolizes EXPANSION amongst other things. This is happening in the 5th house - Leo's house. So, maybe the fun is just starting. 

Its about sharing (my crazy ideas)

Very nice call on the move back up to $600. Hopefully we don't go back down to 400 now.

That is pretty dangerous (I think). I'm pretty sure all boards need to be tested, the question is for how long. I'm not sure of the failure rate and the test time in general. Perhaps it depends a bit on when the boards arrive. Having them run overnight is not a bad idea. Just my thinking but perhaps some people with experience can help you out. I imagine Barntech and company are the experts here.

IAS

Another Congrats Barntech. Are you guys gonna party or what when you get those bad boys running and out the door? 

BTW - Remember what I told you on October 15th and earlier regarding China? 
What is happening in China is probably not what many think. The government gave the silent OK to BTC, and on a few occasions. You are seeing huge amounts of money flowing into BTC there and it is pulling our markets along. The scary part imo, it is just getting started.

I'm curious about CGMiner on Minepeon also, would love to get the image burned once you have the information.

Great job, looking forward to mining.

Enjoy the volatile ride guys. I really DON'T suggest trading this. The market can run to $1000-$1500 imo (by looking at the charts).
And if you like priced projections (looking at the past run ups) then the number is around $3000. But, it will be Über volatile.
Just relax and enjoy the show, it is history in the making. Speaking of, the Senate Hearings yesterday were a thing of Beauty for BTC.
If you missed them - http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=955322cc-d648-4a00-a41f-c23be8ff4cad
(At least watch the BTC guys speak, the interesting thing about the Governments perspective is that they were for BTC essentially, not ever against it.)

Its about Sharing

Great commentary once again Lucano. Very much appreciated - the professionalism and "openness" of your calls.

Regarding the Senate hearing today, one thing we should be aware of, is that this is a VERY delicate situation. If the US Governments hints at a heavy hand with BTC they are going to push innovation overseas. And, they will probably push the many countries (e.g. China, Russia, South America, etc.) into the further adoption of BTC as a sort of economic proxy war.

Imagine, there are hard words today and the price of BTC continues to go up. Would that be their Worst short term NIGHTMARE? A big smack in the face, the middle finger?
To put this in perspective, somewhat anyway, look at Bit Torrent. They attacked it and clearly lost. Now they don't mention it much. Do they want to go down the same road or try to subvert BTC with regulations? I think the latter as they learned their lesson, but these are pretty much corrupt low intelligent criminals in charge, so I wouldn't be shocked at anything.
I can't stress this enough, if the U.S. goes about this all wrong, it will blow up in their face and the world, the people, etc. are not exactly behind the U.S. government.

With relation to the 200 day ma/ema, etc. I don't know what to think. It certainly appears we are in an S-Curve (the uptrend part). Twitter, Facebook, MSFT, etc. experienced this but in large part privately, the stocks were not publicly available to most of us. I think it is safe to say, as I did a few posts up, that BTC is much more complicated then a stock. We can for sure see us zoom to 1000. I guess I'm saying, I just wonder if we can apply BTC in the same way as a stock, especially in light of the global economic situation. Anyway, if we do crash down, one should probably have orders in place before the crash, as the exchanges will lag big time.

By the way, if you have not seen this guys videos, I STRONGLY recommend them.
Here is one on the S-Curve (which pertains here): http://www.youtube.com/watch?v=qHUPPYzzZrI
And here is one on the Nightmare of regulating BTC (my favorite): http://www.youtube.com/watch?v=tR4e8zwnR6w

So, we might see a big drop today, or we might see $1000. Neither would shock me.

Keep on keeping on with the videos, very much appreciated and I've tried to share them often,
Its about sharing

Neutrally and from the outside looking in, probably because:
Next to your name it says - "Warning: Trade with Extreme Caution."
Rating of 5
Hadn't posted in over a month and then you posted here and are not involved.

That isn't against you, just showing you what it looks like from the outside. So, people might wonder if you are trying to stir things. I am not sure, just trying to answer your question.

IAS

They can just make it more divisible if that is the consensus. Right now there are 8 decimal places, giving 1BTC = 100,000,000 bits.
This way that can increase the divisibility (move the decimal place over) without stealing your wealth like banks do through inflation.

IAS

Pretty well stated.

I very strongly recommend everyone to watch this very well done video on BTC regulation and the nightmare that it is for the government. This will put things in perspective.
http://www.youtube.com/watch?v=tR4e8zwnR6w  (Also, watch his other videos, he really has a better grasp of BTC than most people putting out information on it.)

The government is between a rock and a hard-place. They can't exactly come out with bad news when the rest of the world is embracing BTC.
Imagine the nightmare of bad news tomorrow and BTC going through $500? Seriously, at this point in time they have little to no choice (Well, sane people anyway.)
And imagine the nightmare of good news taking us through $500. It seems like they pretty much will have nightmares. Really, watch the video guys. Even add some to it here, as far as points go.

If they want more jobs moving overseas (and they might, after all it looks like the banks are doing everything they can to crash the economy), then they might attack it.
But, I think BTC is a bit of an unknown to them. Think of the people you mention BTC to. Most don't have a clue and these Gmen guys are busy.
I do have concerns about lobbyists getting in the ear of the Senate and DHS. I am particularly worried about the latter. They seem like a very scary entity that must be watched.

IAS

When banks are consfiscating money and further talking about doing it en mass, you just want protection from the criminals. A profit to boot is nice. And you are talking denomination. 

It sounds like you are simplifying BTC, don't understand it and are ignoring economics.
Start with this video and view the regulation nightmare one. http://m.youtube.com/watch?v=qHUPPYzzZrI&desktop_uri=%2Fwatch%3Fv%3DqHUPPYzzZrI

You have stumbled upon an ant-fragile disruptive protocall. And it is just crawling out of its cacoon.
Enjoy the show...

Guys, just as a business decision, with BTC nearing 500, these boards are profitable. Separate emotion from rational here. Anyone who sold their boards, you lost further money. Do the math on the Genesis Block calculator.

Yes, us 1st batchers took a chance and it would have been much better to have bought BTC. But, unfortunately the same has been true for most miner purchases in the last 6 months or more.

As I mentioned in my last post or so, I just want the company's info that is responsible for this so we can let our wallets do talking on this forum. They outright lied to Barntech and Co. That is where we can direct our feelings once shipped.

Now I have a mission. The Chinese Co. Will be known on this forum.


IAS

I would bet that Bershire's stock, when BTC is $172,000, is MUCH lower than BTC. The two will come to be inversely related as one is built on a corrupt system run by corporations and militaries and the other is a bit of the dismantling agent.

I don't think very many people understand how disruptive BTC is.

IAS

Just checking back in. Are the prices current on the front page?

.9 BTC ($414)1 1 ounce Silver Lealana Coin w/ 25 LTC
.35 BTC ($161) shipping international
1.25 BTC $575 Total

LTC is around $4, so $100 value in LTC on coin.
Silver is $20 an ounce or so. $455 for coin and shipping?

Absolutely beautiful coins, but why the huge markup over Casascius, Titan, etc.?
Are these numbers correct? I mean this is not exactly helping LTC to get in peoples hands.
And it is cheaper on Ebay I believe.

IAS

Fun thread to read though. I'll say this though, with regards to price prediction of BTC:

We are witnessing price discovery (As Max Keiser has continually pointed out). And using traditional stock analysis tools (until we have more data) is dangerous. (But, the data is accruing and I can't argue with what has been presented in this thread with prices of $10,000 in a relatively short time span.) But let's look at what we are analyzing. BTC is not a stock (exclusively). Lets try to list what it is and see why traditional forms of analysis are lacking.

BTC is:

A stock (in the network, in a sense)
A currency
A payment protocol
A commodity
An asset
A protocol (And this is where things get scary)
Disruption in ways we can't foresee.
ETC. (Please add to this list)

A protocol that most likely can't be made illegal. And this protocol implements a blockchain. And this blockchain can be used for a host of other functions:
Ownership tracking (e.g. stocks, property, etc.), Voting, etc.

So, when we use traditional stock analysis tools to look at BTC, we must remember that BTC is not JUST a stock, currency, etc. I laugh when I hear "MACD is crossing. Things looking overbought." That often held true, but we can see that rules are being broken and then further defined.

Bill gates said it well (but he was saying what Eric Schmidt had already said): "I think it's a technical tour de force, but that's an area where governments are gonna maintain a dominant role." - As BTC grows, we will see the government, banks, insititutional structures perhaps attack it. Depends on if it saves us and nullifies them. And BTC can (and probably is) being used as a form of economic warfar. The US brought down The Soviet Union in large part by bringing in counterfeit Rubles. China does not like owning so many inflated dollars and further seeing it as the world currency. See where I am going with this?

And as my signature states, BTC is so much more:

We are dealing with something who's force we may not see again in our lifetimes. And that is strange, for I thought the Internet was that and now I'm not so sure which is more Disruptive in the grand scale of things...

Enjoy the ride and congrats on taking part in the largest social experiment of all time (by the people and for the people),

Its About Sharing