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

[xulescu]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0
Looks like the plan IS to get the police in.

Very interesting read indeed.

(But what a funny definition of "police" you have got there...  )

Interesting that Sunlot is based in Cyprus.  Could perhaps there be a connection to mysterious Mr. Brewster, whose past before going to Cyprus seems to be clouded in mystery denser than Mr. Karpelès's frappucinos?

Police is an institution, like State or Law or Church. From the Gendarmery to the SS or Three-Letter-Acronym-Agencies. They are state mandated violence (not debating right or wrong here).

I don't think there's anything remarkable about Cyprus. It's just the perfect place to run a hit-and-run money operation and that's why EVERYONE uses Cyprus.

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[niothor]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0
Looks like the plan IS to get the police in.

Very interesting read indeed.

(But what a funny definition of "police" you have got there...  )

Interesting that Sunlot is based in Cyprus.  Could perhaps there be a connection to mysterious Mr. Brewster, whose past before going to Cyprus seems to be clouded in mystery denser than Mr. Karpelès's frappucinos?

Police is an institution, like State or Law or Church. From the Gendarmery to the SS or Three-Letter-Acronym-Agencies. They are state mandated violence (not debating right or wrong here).

I don't think there's anything remarkable about Cyprus. It's just the perfect place to run a hit-and-run money operation and that's why EVERYONE uses Cyprus.

So now that the Chinese have finally calmed down a little , do we get series of FUD from the gox ghost?

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

[JorgeStolfi]

So now that the Chinese have finally calmed down a little , do we get series of FUD from the gox ghost?

I don't see how those news could affect the price.  The MtGOX drama has slowed down to court speed, so it will be a year or more before it moves any coins or changes the market's perception of bitcoin's future.

By the way, is there any estimate of the amount of bitcoins (and other altcoins) currently sitting in all the exchanges' wallets?  More importantly, of the coins "on the market" -- in the those wallets, or in the hands of traders who could quickly bring them in for speculative trade?  It would be interesting to compare that to the MtGOX heist...

[xulescu]

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

I think many did. But then other things happened out of Cyprus as well, not least the Neo/Bee failwagen.

I've started to believe Cyprus was mostly bail-in beta and moving some oil-igarch money to London/Berlin. I don't think any meaningful regulation changed.

[niothor]

So now that the Chinese have finally calmed down a little , do we get series of FUD from the gox ghost?

I don't see how those news could affect the price.  The MtGOX drama has slowed down to court speed, so it will be a year or more before it moves any coins or changes the market's perception of bitcoin's future.

By the way, is there any estimate of the amount of bitcoins (and other altcoins) currently sitting in all the exchanges' wallets?  More importantly, of the coins "on the market" -- in the those wallets, or in the hands of traders who could quickly bring them in for speculative trade?  It would be interesting to compare that to the MtGOX heist...

Probably not..
But with the last incident involving sheepmarket someone mistakenly traced one of btc-e addresses
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

It did hold over 90k coins at one moment.

But it would be a pain in the ass to keep track of these coins ...

[ChartBuddy]

Explanation

[p0peji]

What we are seeing now is what would happen if no new fiat would enter the btc market?

[EuroTrash]

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

I think many did. But then other things happened out of Cyprus as well, not least the Neo/Bee failwagen.

I've started to believe Cyprus was mostly bail-in beta and moving some oil-igarch money to London/Berlin. I don't think any meaningful regulation changed.

+1

In the pipeline, at the time, were Spain, Portugal, Italy, Ireland.
It is also about making the middle class pay for the debt of the riches.
The beta test went with no fatalities, and Cyprus is still in the Eurozone, so in a sense it is a success.

[mah87]

the crash is beginning, the road to 200$

[p0peji]

No one noticing the price drop on Huobi or is everyone just on ignore modus?  

[p0peji]

the crash is beginning, the road to 200$

But is so awfully quiet on this thread, I just dont get it. Normally when a major price movement is happening it gets spammed to the max.

[ChartBuddy]

Explanation

[TERA]

Are we seeing now the lowest point in bitcoin price for the next 6 months?

Probably the highest point in the next 6months.

100% true, never again $ 500

that's right. And it's not gonna stay long at the 400 level

The price $ 450 will be halved, and after this comnig recovery price to $ 370, and again, again, again to zero.


View Screen Capture

LOL, thats 10, TEN times today you've posted that irrelevant chart.

How is it irrelevant ?  He has been posting it for months, and so far it's been accurate.  

I don't like that chart tool on tradingview because it always wants to autodraw its own way and won't let me adjust with the slope that I want.

[dnaleor]

No one noticing the price drop on Huobi or is everyone just on ignore modus?  

we are ignoring China

[xulescu]

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

I think many did. But then other things happened out of Cyprus as well, not least the Neo/Bee failwagen.

I've started to believe Cyprus was mostly bail-in beta and moving some oil-igarch money to London/Berlin. I don't think any meaningful regulation changed.

+1

In the pipeline, at the time, were Spain, Portugal, Italy, Ireland.
It is also about making the middle class pay for the debt of the riches.
The beta test went with no fatalities, and Cyprus is still in the Eurozone, so in a sense it is a success.

Indeed.

Poland http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load
Apparently soon to come to a bank near you in the US/UK/EU

[uhoh]

No one noticing the price drop on Huobi or is everyone just on ignore modus?  

we are ignoring China

[dreamspark]

Two more days of no fiat to come after this one...

[lemonte]

No one noticing the price drop on Huobi or is everyone just on ignore modus?  

we are ignoring China

[Krabby]

No one noticing the price drop on Huobi or is everyone just on ignore modus?  

we are ignoring China

tohoho

[dreamspark]

China wont detach too much before the arb bots kick in and buy it back up.

Question is how low can it drag it down.