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

[ChartBuddy]

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[1715021370]

1715021370

[1715021370]

1715021370

[1715021370]

1715021370

[Mrpumperitis]

same volume of sales listed on dark market sites.

That's listings volume. Not sales. Huge difference.

It may be just the number of listings, not even considering quantity of each item.  

Is there an estimate of the sales volume (USD/year or equivalent) of those dark markets?

http://en.wikipedia.org/wiki/Silk_Road_%28marketplace%29#Sales

The complaint published when Ulbricht was arrested included information the FBI gained from a system image of the Silk Road server collected on 23 July 2013.[citation needed] It noted that, "From February 6, 2011 to July 23, 2013 there were approximately 1,229,465 transactions completed on the site. The total revenue generated from these sales was 9,519,664 Bitcoins, and the total commissions collected by Silk Road from the sales amounted to 614,305 Bitcoins. These figures are equivalent to roughly $1.2 billion in revenue and $79.8 million in commissions, at current Bitcoin exchange rates...", according to the September 2013 complaint, and involved 146,946 buyers and 3,877 vendors.[12] According to information users provided upon registering, 30 percent were from the United States, 27 percent chose to be "undeclared," and beyond that, in descending order of prevalence: the United Kingdom, Australia, Germany, Canada, Sweden, France, Russia, Italy, and the Netherlands. During the 60-day period from 24 May to 23 July, there were 1,217,218 messages sent over Silk Road's private messaging system.[12]

Not really sure but its def in the tens of billions per year. Also there is a bigger shadow economy operating on the darkweb, worth hundreds of billions, the users include, big pharma corps/politicians/businessmen/bankers and lords of war. They turnover more than the world economy every year. Alot tried using BTC but now that they know they can be traced easily they are looking at other types of crypto.

[kaykawa]

wall @btc-e

$235   367.63198152  BTC    $86393.5156572 USD

[ChartBuddy]

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[8up]

Where do I get a weighted price stability chart?

http://bitcoinstability.github.io/bitcoinstability/#/home

[ChartBuddy]

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[ChartBuddy]

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[spud21]

Daily chart
Silk Road successors
May 29th 2015


http://www.economist.com/blogs/graphicdetail/2015/05/daily-chart-13

Thanks for the link.

I heard black bank's probably done an exit scam like evolution, but couldn't find its market share. That linked page shows it had slightly over a quarter of evolution's market share.

[ChartBuddy]

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[ChartBuddy]

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[N12]

Everyone's eyes should be glued to the charts at this pivotal point.

[Fatman3001]

Everyone's eyes should be glued to the charts at this pivotal point.

I might not count as everyone, but I'm fat.

[Fakhoury]

Everyone's eyes should be glued to the charts at this pivotal point.

Could you elaborate more please.

[cyclotronmajesty]

Everyone's eyes should be glued to the charts at this pivotal point.

Time to kiss 230$ goodbye, haha, perma bulls have to pay for their stupid.

I guess so. Still i'm not selling. And maybe 230 is gone forever, but I put my money in bitcoin so I could use it. If I sell... I can't use it.

So... whats the point? Someone obviously wants me to loose money and is working hard to drive that price to zero. Why should I care? I'll just buy cheaper coins, and keep the expensive ones for later.

[N12]

Everyone's eyes should be glued to the charts at this pivotal point.

Could you elaborate more please.

Daily and weekly Bollinger bands are at the tightest levels they've been at for years. This is in addition to the volume flattening out over a long time. A breakout here is likely to set the tone for the coming weeks and months.

[empowering]

How little I give a fuck about Dark markets...... they are up, they are down, they work, they don't work,  in the grand scheme of the world, or of cryptocurrency it really does not matter, for now it is nothing more than an amusement.

Besides, I love the fanfare of "stopping" these dark markets.... never mind that in pretty much 99% of all pubs,restaurants, bars, clubs, universities, book clubs, knitting clubs,  pensioners clubs etc in London (and almost every other big town and city in most countries on the planet) one can simply ask anyone of 50% of the people (rich or poor, educated or not) in those places (aged between 17-65) and they or their buddy can sort you any fucking drug that you could ever wish for, which will arrive within the hour.... and tbh its been like that already for decades... and is only getting more and more so.. oh and you pay by cash, you know... paper money.

Any white noise let off by the bitcoincommunity, or by law enforcement, or the public is just that white noise, slow news day, boring, and it means jack shit. There is no substantial online drugs market, not when compared to the drugs for cash trade that surrounds us all on a daily basis in meatlife... and tbh they make zero, impact on the "real" drug market either, if anything it is simply growing and growing.

It is all just a giant bore, a claptrap and nothing more.


(to put it into perspective, the little seaside town of Brighton, consumes more heroin,  on a single weekend, than the entire combined global dark market is worth)





 

[minerpumpkin]

Second dump attempt right now foiled at 1/5 of Saturday morning's volume. Sad bears.

[Fatman3001]

That was like a fart in an escalator. Unpleasant, but forgettable.

[Jammalan the Prophet]

Message from Inca to follow

Another 2$ on low volume , poor bears. Is this all you can do?

After 2 hours

Thank you bears for your cheap coins , I have bought more , my stash holds 14 millions coins thanks to you

[ChartBuddy]

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