Everyone hanging out in #bitcoin on IRC today saw some pretty interesting stuff.
within 30 minutes. At the same time in IRC, btc123 was talking about working with a NYT journalist to demonstrate how the Bitcoin market can be manipulated and the real goal was to sell $120,000 worth of coins "into strength" created by the Reddit post.
btc123 went on to say some interesting things like $50M is "rumored" to be awaiting clearance to be spent on BTC (which is supposed to push the price to $850). Also talk of $55 by the end of the day, $100 within the month, $1,000 by the end of the year, $100,000 by 2015 and $1,000,000 by 2025.
Regardless of what happens, it was really entertaining to watch because the price did move. For those that missed it, here's what btc123 was saying.
Thought you might find it interesting.
(2:37:05 PM) btc123 [c041ed8a@gateway/web/freenode/ip.192.65.237.138] entered the room.
(2:37:18 PM) btc123: just posted this
(2:37:20 PM) btc123:
http://www.reddit.com/r/Bitcoin/comments/1ajid7/when_this_post_is_30_minutes_old_i_will_be/(2:37:26 PM) btc123: lets see if my social engineering works
(2:38:14 PM) btc123: all i have to do is tell people that im gonna buy $1Mil and it worked!
(2:38:15 PM) btc123: haha
(2:39:24 PM) btc123: i'm actaully selling... need to get out of a $120,000.00 position.... so i tell people im buyig for better bid price
(2:39:28 PM) btc123: im a genius
(2:43:21 PM) btc123: thats my post
(2:44:38 PM) btc123: i have an alpha at coinlab
(2:45:07 PM) btc123: i'm part of a VC fund we're bullish on bitcoin... might as well grab a few million $ worth
(2:45:18 PM) btc123: they're going to be $10,000.00 in a few years anyay
(2:46:37 PM) btc123: i've contacted a NYT journalist who is monitoring this room and reddit post for the rest of the day to see how easily bitcoin is manipulated.... and going to do an article on it. we're going to break $50.00 today.
(2:46:50 PM) btc123: just letting you guys know
(2:47:03 PM) btc123: tell your friends.... big events occuring today in bitcoin land
(2:48:19 PM) btc123: you guys laugh now... i'll see you when we hit $50.00
(2:48:59 PM) btc123: i know for a fact that major VC firms in the valley have alpha accounts at coinlab and are loading BTC
(2:49:20 PM) btc123: you will see panic buying over the next week
(2:49:29 PM) btc123: $100.00 within a month
(2:49:40 PM) btc123: i dotl you all
(2:49:49 PM) btc123: $50.00 by tonight
(2:52:43 PM) btc123: its easy to manipulate the market.... as i said ... there is a NYT reporter in this room monitoring these events.... this is social experiment in bitcoin and how easy it is to convince people to panic buy
(2:55:42 PM) btc123: thatguy: INCEPTION>... go deeper...
(2:56:22 PM) btc123: only poeple in this room are privy to know that its manipulation
(3:01:39 PM) btc123: this social manipulation experiment worked better then i thought.... i'll post all details soon.
(3:05:22 PM) btc123: lukestokes: i made a post to reddit saying i was purchasing $1M worth of btc, as panic buying kicked in , I sold into strength... worked great.
(3:05:34 PM) btc123: bitcoin_millionare on /r/bitcoin
(3:06:14 PM) btc123: what feds? bitcoin is unregulated
(3:06:22 PM) btc123: nothing illegal about misdirection
(3:07:04 PM) btc123: midnightmagic: good thing i read the legal code, and bitcoin is unregulated
(3:09:10 PM) btc123: midnightmagic: under which jurisdiction? bitcoin is regulated under none
(3:11:09 PM) btc123: midnightmagic: i'm not.you may know that this sort of thing occurs in free markets all the time. investment banks misdirect eachother to their intentions all day. buy/sell side in all markets
(3:12:01 PM) btc123: midnightmagic: also, a 2.00% move isn't consididered a panic by any means
(3:12:25 PM) btc123: midnightmagic: yes... the term panic' is subjective
(3:15:28 PM) btc123_ [c041ed8a@gateway/web/freenode/ip.192.65.237.138] entered the room.
(3:16:46 PM) btc123 left the room (quit: Ping timeout: 245 seconds).
(3:27:55 PM) btc123_: bitcoin is NOT a currency. its a commodity. if you want to help the community dont call it a currency. governments dont like competing currencies.... commodities are ok though.
(3:28:12 PM) btc123_: BTC is a commodity thats easily exchangeable. thats all
(3:28:42 PM) btc123_: scrybe: even if you think its a currency.... don't call it a currency if you want to help the community... crypto-commodity' is better.
(3:29:34 PM) btc123_: people are scared of competitng currencies... when you're talking about bitcoin in real life , or having debates... say commodity. then bankers/govvt will be like oh, ok, we have nothing to worry about, carry on'
(3:29:53 PM) btc123_: if any of you are ever on TV or CNN/etc,,, say commodity'
(3:30:00 PM) btc123_: helo: it matters beacause law.
(3:30:14 PM) btc123_: if it can be defined as a commodity by the supreme court. then its OK
(3:30:24 PM) btc123_: commodity good... currency bad
(3:30:55 PM) btc123_: gmaxwell: maybe i'll take you up on that.
(3:31:48 PM) btc123_: gmaxwell: will do
(4:52:37 PM) btc123_: i'm resuming purchases soon
(4:52:43 PM) btc123_: only filled 01/02/13 of my $1M
(4:52:54 PM) btc123_: should get over $50.... check reddit posts for updates
(4:54:59 PM) btc123_: you all laughed at me when i said $50.00 today
(4:55:25 PM) btc123_: $55.00 within 24 hours.
(4:56:39 PM) btc123_: yawn.... $50.00 within the hour
(4:56:54 PM) btc123_: !asks 51
(4:58:22 PM) btc123_: Appendage: u mad because i called $55.00 today?
(4:59:18 PM) btc123_: im a genius... my reddit post worked great
(5:09:00 PM) btc123_: how can an exchange have lag'... what a joke
(5:09:18 PM) btc123_: im creating a 0.00% exchange... just so everyone knows... launching soon.
(5:15:00 PM) btc123_: wow. my Reddit post worked out way better then i thought. this is very interesting
(5:17:52 PM) btc123_:
http://www.reddit.com/r/Bitcoin/comments/1ajid7/when_this_post_is_30_minutes_old_i_will_be/(5:18:58 PM) btc123_: $55.00 by end of day... $100.00 within a month.... then all over the news... then $1,000.00 by end of year. easy money. sellers are idiots
(5:19:33 PM) btc123_: $100,000.00 by 2015
(5:19:34 PM) btc123_: easily
(5:19:54 PM) btc123_: Appendage: i said $50.00 today and everyone laughed. im a genius. whatever i say is correct.
(5:20:36 PM) btc123_: $1,000,000.00 by 2025 when adoption is worldwide
(5:21:34 PM) btc123_: Appendage: they laughed when i said $25.00 in 2011 they laughed when i said $2.00 was best buying opportunity ever. they keep laughing.
(5:22:11 PM) btc123_: bitc01n: check logs
(5:23:12 PM) btc123_: [21 May 2011 22:42:04] <btc123_> we'll be at $25.00 within a few months
(5:23:22 PM) btc123_: see. genius.
(5:24:39 PM) btc123_: Appendage: dont ask questions. just buy. you'll be rich in 02/03/13 years... then send donations.
(5:25:45 PM) btc123_: check out this log --> <btc123_> [21 May 2011 22:42:04] <btc123_> we'll be at $25.00 within a few months
(5:26:11 PM) btc123_: Appendage: blockchain spam
(5:27:31 PM) btc123_: zzorn: it doesnt go into blockchain.. i think hes talking about keeping it in chain
(5:31:39 PM) btc123_: $55.00 within next day or two probably
(6:35:25 PM) btc123_: yawn
(6:35:28 PM) btc123_: i told you all $55.00 today
(6:35:31 PM) btc123_: i'm a genius
(6:35:38 PM) btc123_: obviously... im a genius
(6:35:54 PM) btc123_: it will be $100.00 by end of month. $1,000.00 by end of year. guaranteed. im a genius.
(6:36:41 PM) btc123_: HLL: its at record lows here, it will be at $100,000.00 in a few years... buy everything you can
(6:36:53 PM) btc123_: when the whole world uses BTC, it will be $1,000,000.00 easy
(6:37:42 PM) btc123_: yawn.... good thing i made that reddit post today....
(6:38:35 PM) btc123_: $55.00 today. $60.00 tomorrow. $100.00 by april 1
(6:38:41 PM) btc123_: then $1,000.00 by end of year, or higher
(6:40:35 PM) btc123_: $55.00 today. $60.00 tomorrow. $100.00 April 1 I'm a genius.
(6:40:40 PM) btc123_: everybody buy
(6:40:53 PM) btc123_: Panic Buying in effect
(6:42:24 PM) btc123_: yawn...... panic buying. $55.00 in an hour
(6:42:54 PM) btc123_: who laughed at me when i said $55.00 earlier? im a genius. just saying.
(6:46:34 PM) btc123_: i have information stating that there are over $50,000,000.00 in deposits waiting for coinlab / mtgox deal to close... that should push price up to around $300.00 pretty fast.
(6:46:42 PM) btc123_: my source may or may not be reliable
(6:47:09 PM) btc123_: i can't disclose
(6:47:21 PM) btc123_: also, Goldman Sachs IP hits mtgox/bitcoincharts daily
(6:47:27 PM) btc123_: Goldman will be purchasing BTC soon
(6:47:35 PM) btc123_: BTC to $1Mil. 2015
(6:48:09 PM) btc123_: GLORP: yes for sure... $100,000,000.00 is going to flow into BTC within the next month or two
(6:48:31 PM) btc123_: ;;help
(6:49:13 PM) btc123_: yes... get ready for a MASSIVE spike UP in BTC prices... over next few weeks we may see $250.00
(6:49:22 PM) btc123_: easy money. dont sell.
(6:50:34 PM) btc123_: $55.00 today
(6:51:16 PM) btc123_: how do you get gribble to calc price from a usd amount of purchasing?
(6:52:04 PM) btc123_: ;;market buy --usd 50000000
(6:52:14 PM) btc123_: There you have it... $850.00
(6:52:20 PM) btc123_: BTC will be at $850.00 shortly...
(6:52:30 PM) btc123_: $50.00 million is going on deposit at coinlab in next few weeks
(6:52:44 PM) btc123_: tral: few months
(6:52:49 PM) btc123_: $1,000.00 by end of year
(6:53:04 PM) btc123_: then $100,000.00 by 2015
(6:53:41 PM) btc123_: Eduard_Munteanu:not enough people able to wire > $10K without verification / notarized lawyers /etc ....
(6:54:03 PM) btc123_: $55.00 today
(6:54:33 PM) btc123_: no, its true.... there are no sellers. only buyers. people are hoarding BTC. not selling.
(6:57:23 PM) btc123_: woohoo!!!!!!!
(6:59:43 PM) btc123_: nice report,,,, Virtual currency does not meet the criteria to be considered “currency” under the BSA, because it is not legal tender.
(7:00:52 PM) btc123_: lukestokes: the NYT journalist is very interested with todays events.... article coming... eventually
(7:01:29 PM) btc123_: Yes, this FinCEn report means i'll ahve to revise my estimate from $55.00 today, to $60.... then $80.00 next week..
(7:01:41 PM) btc123_: BTC easy to $1,000,000.00 in a few years
(7:02:07 PM) btc123_: Appendage: dont worry, i said BTC would break $50.00 today. im a genius.
(7:03:33 PM) btc123_: FinCEN report:Virtual currency does not meet the criteria to be considered “currency” under the BSA, because it is not legal tender.
(7:04:11 PM) btc123_: it means BTC going to $1Million
(7:12:00 PM) btc123_: perhapstired: you should read the forums/faq/wiki
(7:12:08 PM) btc123_: up
(7:14:00 PM) btc123_: perhapstired: same IP running 2 nodes?
(7:15:19 PM) btc123_: whoever sold 3800 BTC @ 50 either really needs fiat to pay for something, or is idiot
(7:15:32 PM) btc123_: perhapstired: no
(7:16:43 PM) btc123_: perhapstired: and wallets just hold ur private keys. you can sign from any computer in the world by sending raw packets to a bitcoin node if u want...
(7:18:54 PM) btc123_: ;;market buy --usd 50000000
(7:19:42 PM) btc123_: *rumour* has it that coinlab has over $50M waiting on sidelines to deposit ... if all of that goes to buying coins, at current asks Bitcoin will be $850/USD
(7:20:13 PM) btc123_: yeah, $50M... just need to wait for accounts to be verified
(7:20:48 PM) btc123_: every VC in the valley wants bitcoins now. they think that bitcoins are the best. bitcoin is taking Silicon Valley by storm.
(7:21:37 PM) btc123_: qwebirc78159: best purchase you ever makde
(7:21:40 PM) btc123_: DO IT
(7:22:33 PM) btc123_: gmaxwell: you'd be robbed probably
(7:22:37 PM) btc123_: hah
(7:22:44 PM) btc123_: Sy5Err0r:
http://boost.vc/ (8:24:59 PM) btc123_: can you boot off SD cards?
(8:25:01 PM) btc123_: macbooks
(8:28:14 PM) btc123_ left the room (quit: Quit: Page closed).
