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

[DaRude]

Breaking: U.S. Justice Department confiscates over $1 billion in Bitcoin tied to Silk Road

https://www.fxstreet.com/cryptocurrencies/news/breaking-us-justice-department-confiscates-over-1-billion-in-bitcoin-tied-to-silk-road-202011051731

After all the speculation, finally we know where the coins were moved. To the Justice Department's wallet.

I wonder how they got the key if they didn't get it at the time of the bust.

These coins were apparently stolen from Silk Road while it was still in operation. The Feds didn't have access to them until two days ago, when they struck some sort of deal with the guy that stole them in the first place.

https://www.justice.gov/usao-ndca/press-release/file/1334771/download

On approximately April 9, 2013, the Bitcoin addresses that received the 70,411.46 Bitcoin from Silk Road sent 69,471.082201 (approximately $14 million at the time of transfer) to 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx (hereafter “1HQ3”). Expecting more gov auctions in the future, only now big boys can pile on and overbid on fed cleaned coins.

(...)

Individual X, whose identity is known to the government, was determined to have been involved in a transaction that related to 1HQ3.

According to an investigation conducted by the Criminal Investigation Division of the Internal Revenue Service and the U.S. Attorney’s Office for the Northern District of California, Individual X was the individual who moved the cryptocurrency from Silk Road. According to the investigation, Individual X was able to hack into Silk Road and gain unauthorized and illegal access to Silk Road and thereby steal the illicit cryptocurrency from Silk Road and move it into wallets that Individual X controlled. According to the investigation, Ulbricht became aware of Individual X’s online identity and threatened Individual X for return of the cryptocurrency to Ulbricht. Individual X did not return the cryptocurrency but kept it and did not spend it.

On November 3, 2020, Individual X signed a Consent and Agreement to Forfeiture with the U.S. Attorney’s Office, Northern District of California. In that agreement, Individual X, consented to the forfeiture of the Defendant Property to the United States government.

On November 3, 2020, the United States took custody of the Defendant Property from 1HQ3.

Imagine having access to 70k btc all these years, knowing your identity is known.

Thnx for the source, good info. Also,

On approximately April 23, 2015, 1HQ3 sent 101 Bitcoin (approximately $23,700) to BTC-e

guessing that's how they linked his "online identity" to real. Ulbricht should write a book, if he's allowed to.

[Elwar]

Expect military trucks to drive into the justice department shortly before Trump leaves office.

Expect Trump to walk away a very rich man.

[fillippone]

Square realesing their financial statements.

TL,DR: they bought a insane quantity of corn during last Quarter:



A few thoughts and details on my post here

[savetherainforest]

AHAHAHAHAHAAAAAAAA... !!!

BEST !!! BEASTTT!!! LOL... +Merit


Also... we should have more wacky voting prices... I would have prefered $15300 < > 16200$ for Nov 7.   

[gembitz]

100k here we gogogogogoo    this is gentlemen<<<

[Biodom]

Expect military trucks to drive into the justice department shortly before Trump leaves office.

Expect Trump to walk away a very rich man.

The strangest prediction.

I have a better one:
1. with Senate ostensibly remaining republican (most likely) and Supreme court decidedly conservative, republican "masses" won't care too much and WS is ecstatic (no new taxes, etc.).
2. Trump might try a comeback in 2024. It worked out for Grover Cleveland, so there is a precedent.

[Last of the V8s]

well at this stage that place is just insulting to bananas

[Biodom]

well at this stage that place is just insulting to bananas

stop saying that word, I am getting triggered  

[bitcoinPsycho]

Level up

[hossamdz]

@Toxic: what's in the box?

pain...for fiat hodlers

#dyor

Volume is not the as in the past but i think we dont need lot of volume as longs as there is FOMO 

[gembitz]

sell farm > buy bitcrons \_$>$_/ weeee

[UnDerDoG81]

Hello Morons who sold at 15k  See you at 16k soon

[BobLawblaw]

You've picked some good times to sell in the past.  This worries me slightly.  That said, I am not letting go of shit.  Might if I was more loaded though.

Just because I have my finger on the metaphorical trigger, doesn't mean I don't have incredible trigger-discipline.

I couldn't decide what to do earlier, so I decided my best course of action was to take a nap. Rick lamented "What if it hits $15.5k USD/BTC ?" to which I responded, "I'm sure you'll wake me up to let me know..."

Anyway, was thinking about putting in a sell order @ $15.5k USD/BTC, but more inclined to let it ride this momentum.

Don't want to sound crass, but I'm loaded enough on BTC that I feel pretty good about letting go of a batch around here. Will make life less stressful for both Rick and myself, ultimately, and that's an important motivation for me, at this stage in our lives.

[marcus_of_augustus]

Drugs Win the 2020 Election

... I guess Ulbricht was just ahead of his time? ... lock him in max. security prison for the rest of his life and let the corrupt federal agents escape with the btc

[ivomm]

3 more days like this and we will have a new ATH.

[explorer]

3 more days like this and we will have a new ATH.

Ok so at $12k, i expected us to be at $20k by now

That's not until November.  Wait for it...

[BobLawblaw]

$15.5k USD/BTC breached. Yeah, riding this fucking wave, yo.

Will reconsider depending on how quickly we hit $16k.

YOLO.

EDIT: JFC !!!

https://twitter.com/BitmexWhale/status/1324488425039384576

[lightfoot]

Hm. 15.5. Still don't need anything. Wonder what I'll be thinking at 30.

[Biodom]

Hm. 15.5. Still don't need anything. Wonder what I'll be thinking at 30.

We might do a late 2016-early 2017 "thing" vs ATH.
Move fast to $20-21K, then drop back to $14, then off to the races.

[rdbase]

$15.5k USD/BTC breached. Yeah, riding this fucking wave, yo.
Will reconsider depending on how quickly we hit $16k.
YOLO.

$15.551 achieved!

Watching on BBC news and they mentioned about the release of silk road bitcoin.
Yet no movement from Trumpster from the white house yet but the tweets are in all caps so you know he is mad.



It all depends on Georgia now to find out when he goes dark for the next 3 months left of his term.
Thought it would be Arizona and Nevada to do it for Ol' man Biden.