Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[MickeyT2008]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Maybe the lack of a guy suffering from mania with a mountain of bitcoins to trade is partly why the market is so stable.  Ever since he went off to his conference the market has been fairly flat.

I did also wonder if the sudden $10 drop a few days ago that was caused by huge amount of bitcoins being sold at once was his missing coins as opposed to a reaction to the Dwolla story

[1715547049]

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[1715547049]

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[el_rlee]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

[01BTC10]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

[MickeyT2008]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

https://bitcointalk.org/index.php?topic=174620.180 (the last thing that was posted there)

[Abandon]

There hasn't been any Bitfinex shorting or leverage with Mt.Gox for a while, which could help explain part of why the market is so stable right now.

When people short, they are selling bitcoin at the current price, in order to buy back at a lower price. Without shorting, people can't sell what they don't have; shorting allows for this, and leverage magnifies it stupendously.

In theory, BTC1 can become BTC1,000 or BTC2,500 or even BTC9,999,999,999 this way. If the price went up a slight bit, one would have an unrealized fortune. However if it went down even the slightest bit, they would go instantly bust. One runs the issue of slippage the more they trade with. The ratio for leverage depends on how volatile and liquid a market is, and how much lenders are willing to risk or charge. Bitfinex only offers a ratio of 2.5:1, while with Forex markets, there can be leverage up to a 1000:1.

[ChartBuddy]

[MickeyT2008]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

[el_rlee]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

WTF?
Somebody stole him 100 000BTC? This guy had 100kBTC?
How was that possible? He kept in on instawallet or what?
Sorry for not reading up on the thread myself, it's a little lengthy..

[MickeyT2008]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

WTF?
Somebody stole him 100 000BTC? This guy had 100kBTC?
How was that possible? He kept in on instawallet or what?
Sorry for not reading up on the thread myself, it's a little lengthy..

He said that at his 'supernode' conference he had a laptop with the info for 100,000BTC open on the screen stolen.  He'd been bragging on this forum for weeks about the conference and his wealth, maybe the wrong people read it and set him up

[MickeyT2008]

He wrote about it in his diary.  About halfway down page 9 you'll see that everything goes very badly wrong for him: https://bitcointalk.org/index.php?topic=174620.160

It's also discussed in this thread, along with several people taking the piss out of him about it and him arguing back, then later on some of us discussing it in a more fair way

He started posting on this thread about what happened from around here, but in a rather cryptic way: https://bitcointalk.org/index.php?topic=178336.msg2136346#msg2136346

[tHash]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

WTF?
Somebody stole him 100 000BTC? This guy had 100kBTC?
How was that possible? He kept in on instawallet or what?
Sorry for not reading up on the thread myself, it's a little lengthy..

He said that at his 'supernode' conference he had a laptop with the info for 100,000BTC open on the screen stolen.  He'd been bragging on this forum for weeks about the conference and his wealth, maybe the wrong people read it and set him up

As Risto says in his post May 17, "It will probably be no more than 100,000 euros, since it does not seem that any intentional theft of bitcoins occurred."   So, 100k Euro is a bit less than $12,000k, probably had nothing to do with the selloff from the Dwolla news.   Also, he says that the whole getting arrested and put in psychiatric detention is normal for him, so it does not seem he "cracked" from anything.

Of course, who knows about anything he says . . .   It all seems too fanciful to be true, but at the same time it seems too strange to make up.   

[MickeyT2008]

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

Source?

rpetilia himself

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

WTF?
Somebody stole him 100 000BTC? This guy had 100kBTC?
How was that possible? He kept in on instawallet or what?
Sorry for not reading up on the thread myself, it's a little lengthy..

He said that at his 'supernode' conference he had a laptop with the info for 100,000BTC open on the screen stolen.  He'd been bragging on this forum for weeks about the conference and his wealth, maybe the wrong people read it and set him up

As Risto says in his post May 17, "It will probably be no more than 100,000 euros, since it does not seem that any intentional theft of bitcoins occurred."   So, 100k Euro is a bit less than $12,000k, probably had nothing to do with the selloff from the Dwolla news.   Also, he says that the whole getting arrested and put in psychiatric detention is normal for him, so it does not seem he "cracked" from anything.

Of course, who knows about anything he says . . .   It all seems too fanciful to be true, but at the same time it seems too strange to make up.    

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

[ChartBuddy]

[Zephir]

As Risto says in his post May 17, "It will probably be no more than 100,000 euros, since it does not seem that any intentional theft of bitcoins occurred."   So, 100k Euro is a bit less than $12,000k, probably had nothing to do with the selloff from the Dwolla news.   Also, he says that the whole getting arrested and put in psychiatric detention is normal for him, so it does not seem he "cracked" from anything.

Of course, who knows about anything he says . . .   It all seems too fanciful to be true, but at the same time it seems too strange to make up.   

100k Euro are a bit more than 127k Dollar.

[solex]

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

I am sure the 100k was either mBTC or 100k euros, both approx 100 BTC. Still an annoying amount to lose...

[Frozenlock]

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

I am sure the 100k was either mBTC or 100k euros, both approx 100 BTC. Still an annoying amount to lose...

Yeah... no. 

[Frozenlock]

Well... today nothing happened.

At all.

[Quantum_Negatum]

rpetilia is a troll. I've seen better.

[solex]

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

I am sure the 100k was either mBTC or 100k euros, both approx 100 BTC. Still an annoying amount to lose...

Yeah... no. 

oops right, 1000BTC is a big loss

[MickeyT2008]

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

I am sure the 100k was either mBTC or 100k euros, both approx 100 BTC. Still an annoying amount to lose...

Yeah... no.  

I also said in another post that I never know whether to believe anything he says anyway