Alot of stolen bitcoins are being sold

[Robert Paulson]

mtgox stole about 650,000 bitcoins, the sheep black market stole about 220,000 and the list goes on and on.
that's alot of bitcoins the thieves can sell for a very long time, pushing the price down until they run out of bitcoins.
this is also the best opportunity to load up on cheap coins.
it may take them a year or two to unload this huge amount of stolen bitcoins, but once they do the price will skyrocket back up.

[Hyena]

I was just about to mention that possibility.

Someone is getting a hell lot of cheap coins these days. By the way, some time ago the price spiked 60$ in a couple of hours. Perhaps the manipulator was testing the market to see if it catches on and another bubble could start?

We have so many of those trolls suddenly caring so much about other people's bitcoins that it's suspicious. Why would you desperately want to convince others to sell before it's too late? I sure don't care what other people do with their money, why would someone else?

Anyway, speaking of the thieves. Is it really so easy to sell stolen bitcoins? Are they not tracked or anything? I would suggest pumping and dumping with stolen coins rather than trying to cash them out directly. We could be experiencing a giant bitcoin dump right now. If I had like 800k bitcoins lying around, I'd manipulate the fuck out of the market , so that's probably what's happening.

[hyphymikey]

Nobody knows but the exchange operators, and they arent telling.

It could also be the Finney family, who has been selling since June.

[inca]

I was just about to mention that possibility.

Someone is getting a hell lot of cheap coins these days. By the way, some time ago the price spiked 60$ in a couple of hours. Perhaps the manipulator was testing the market to see if it catches on and another bubble could start?

We have so many of those trolls suddenly caring so much about other people's bitcoins that it's suspicious. Why would you desperately want to convince others to sell before it's too late? I sure don't care what other people do with their money, why would someone else?

Anyway, speaking of the thieves. Is it really so easy to sell stolen bitcoins? Are they not tracked or anything? I would suggest pumping and dumping with stolen coins rather than trying to cash them out directly. We could be experiencing a giant bitcoin dump right now. If I had like 800k bitcoins lying around, I'd manipulate the fuck out of the market , so that's probably what's happening.

Excellent post.

If it was a test run then it worked perfectly. Lots of capital ready to jump in. People have been waiting months.

With regards to the sentiment trolling I personally think it is just poor guys who don't have a lot of capital and want to buy coins at the lowest price they can. Exocytosis for example. I have no problem with them being secret bitcoin bulls but it is hard to keep them off ignore. They seem to be proliferating too, sadly.

[Remember remember the 5th of November]

I was just about to mention that possibility.

Someone is getting a hell lot of cheap coins these days. By the way, some time ago the price spiked 60$ in a couple of hours. Perhaps the manipulator was testing the market to see if it catches on and another bubble could start?

We have so many of those trolls suddenly caring so much about other people's bitcoins that it's suspicious. Why would you desperately want to convince others to sell before it's too late? I sure don't care what other people do with their money, why would someone else?

Anyway, speaking of the thieves. Is it really so easy to sell stolen bitcoins? Are they not tracked or anything? I would suggest pumping and dumping with stolen coins rather than trying to cash them out directly. We could be experiencing a giant bitcoin dump right now. If I had like 800k bitcoins lying around, I'd manipulate the fuck out of the market , so that's probably what's happening.

Excellent post.

If it was a test run then it worked perfectly. Lots of capital ready to jump in. People have been waiting months.

With regards to the sentiment trolling I personally think it is just poor guys who don't have a lot of capital and want to buy coins at the lowest price they can. Exocytosis for example. I have no problem with them being secret bitcoin bulls but it is hard to keep them off ignore. They seem to be proliferating too, sadly.

Didnt that happen because of the PayPal news?

[Ibian]

I was just about to mention that possibility.

Someone is getting a hell lot of cheap coins these days. By the way, some time ago the price spiked 60$ in a couple of hours. Perhaps the manipulator was testing the market to see if it catches on and another bubble could start?

We have so many of those trolls suddenly caring so much about other people's bitcoins that it's suspicious. Why would you desperately want to convince others to sell before it's too late? I sure don't care what other people do with their money, why would someone else?

Anyway, speaking of the thieves. Is it really so easy to sell stolen bitcoins? Are they not tracked or anything? I would suggest pumping and dumping with stolen coins rather than trying to cash them out directly. We could be experiencing a giant bitcoin dump right now. If I had like 800k bitcoins lying around, I'd manipulate the fuck out of the market , so that's probably what's happening.

Excellent post.

If it was a test run then it worked perfectly. Lots of capital ready to jump in. People have been waiting months.

With regards to the sentiment trolling I personally think it is just poor guys who don't have a lot of capital and want to buy coins at the lowest price they can. Exocytosis for example. I have no problem with them being secret bitcoin bulls but it is hard to keep them off ignore. They seem to be proliferating too, sadly.

Didnt that happen because of the PayPal news?

That would be silly. It takes time for the Random Joes of the world to get some coins just because paypal happens to be on board now. Doesn't happen all at once. Someone bought. That's all we know. Whether it was due to irrational belief that the price was about to skyrocket or it was a test bump to check market sentiment, we don't know.

[CMMPro]

Except the "stolen coins being sold" theory is horseshit...

I don't even know if MTGox actually HAD the 650,000 bitcoins they say are missing.

650,000 or whatever "MTGoxcoins" are missing....we still have no proof they ever backed by actual bitcoins or if they were just a figment of Karpeles own version of fractional banking.
 
Until the auditor is done with the bankruptcy we will never know exactly. We don't have the public keys for those coins so there is no way to know.

[pizza77]

We know they found something like 200000 down the back of the sofa that they had "forgotten about".

[hyphymikey]

Old:
goxed,no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco, The market is currently only a playground for gamblers and fanatics
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
many scam IPOs including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time


New:
Winklevoss ETF will actually be shot down
GABI is already priced in but it turned out to short on bitcoin or it has failed to raise fund ($200 million is just fake)
Dubai exchange won't create any thing new
more PayPal or whatever businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash. It will crash hard because people will only use the new integration to dump all of their BTC holdings fast

What happens when everyone cashes out or spends all their coins?

Think about it

[GreenCoin22]

Good wishes, but this is a dawn of Spring Dreams

[cbeast]

Old:
goxed,no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco, The market is currently only a playground for gamblers and fanatics
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
many scam IPOs including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time


New:
Winklevoss ETF will actually be shot down
GABI is already priced in but it turned out to short on bitcoin or it has failed to raise fund ($200 million is just fake)
Dubai exchange won't create any thing new
more PayPal or whatever businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash. It will crash hard because people will only use the new integration to dump all of their BTC holdings fast

What happens when everyone cashes out or spends all their coins?

Think about it

The people they cash or trade their bitcoins to will have more bitcoins.

[BTCfan1]

It could also be the Finney family, who has been selling since June.

excellent point!