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

[tarmi]

mark running both silk road and mt. gox.

he probably had more coins than satoshi.

oh wait...

 

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[poncho32]

So everybody waiting for that big thing to happen this Friday? 

Did he state a time on Friday and the time zone for it?

[esse83]

Mark Karpeles is now almost confirmed as the culprit of both Silkroad and the bitcoin price; Buy if you want to. I'm out. Good luck bulls.

[Eamorr]

I have the feeling "Gentlemen" is some sort of an inside joke?

Someone on reddit wrote "this is gentlemen" instead of "this is it gentlemen" during a price pump a few months ago. Everyone was all giddy with the price increase they made "gentlemen" into a thing like "to da moon". True story.

"This is gentleman"

Not sure what it means myself. Kinda foreign. It's sorta poetic (especially in the context of the panic and all the silly memes and gifs). Made me smile a few days ago when I first read on Reddit. Started using it here.

[elasticband]

http://www.theguardian.com/technology/2013/oct/07/fbi-bitcoin-silk-road-ross-ulbricht

Now i am starting to wonder if the MTgox bitcoins were actually seized

[adamstgBit]

[poncho32]

I have the feeling "Gentlemen" is some sort of an inside joke?

Someone on reddit wrote "this is gentlemen" instead of "this is it gentlemen" during a price pump a few months ago. Everyone was all giddy with the price increase they made "gentlemen" into a thing like "to da moon". True story.

So it's a typo thing like HODL?

[esse83]

http://www.dailydot.com/crime/ross-ulbricht-silk-road-mark-karpales-fbi/

DHS fingered Mt. Gox's Mark Karpales as original Silk Road founder

[Eamorr]

Mark Karpeles is now almost confirmed as the culprit of both Silkroad and the bitcoin price; Buy if you want to. I'm out. Good luck bulls.

[JamesBrown]

.....snip...
The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
....snip...

he used silk road to leverage that price?

What does that mean?

Can someone do it again? Please

Exactly my thoughts. The plot thickens. Bears are gonna run with this either way...

I have the feeling "Gentlemen" is some sort of an inside joke?

Someone on reddit wrote "this is gentlemen" instead of "this is it gentlemen" during a price pump a few months ago. Everyone was all giddy with the price increase they made "gentlemen" into a thing like "to da moon". True story.

"This is gentleman"

Not sure what it means myself. Kinda foreign. It's sorta poetic (especially in the context of the panic and all the silly memes and gifs). Made me smile a few days ago when I first read on Reddit. Started using it here.

I understand, thank you.

[mmitech]

Ulbricht’s lead attorney, Joshua Dratel, said that Karpeles was the man pulling the strings behind Silk Road from 2011 until 2013, and that his associate Ashley Barr, a Canadian computer scientist, became the famously libertarian voice of Dread Pirate Roberts.
“Lots of little things added up to [Karpeles],” Der-Yeghiayan testified.
In a meeting with other Homeland Security agents, Der-Yeghiayan recalled saying that “we have built up quite a large amount of information that leads to this.”
Der-Yeghiayan, however, was convinced that the investigation still had further to go before making an arrest and taking Karpeles to court. He advised other law enforcement agents against speaking to Karpeles about Silk Road, so as to not tip him off.
At the time, there were investigations into several potential crimes that Karpeles had committed.
Instead, other Homeland Security investigations into Karpeles, for separate and related crimes, led investigators to seize $2 million from Karpeles in May 2013, thus tipping Karpeles off that he was on the radar of the United States government.
Although he was “upset” about the premature law enforcement contact, Der-Yeghiayan said he continued his investigation into Karpeles.
“You believed him to be the mastermind behind Silk Road, keeping it secure and operating?” Ulbricht defense attorney Dratel asked Der-Yeghiayan.
“I did,” Der-Yeghiayan testified.
As the argument was unveiled, Ulbricht let out a rare beaming smile and turned to his parents. They nodded at one another, marking the most electric moment in the trial so far.
Der-Yeghiayan testified that his own investigation had found that Mutum Sigilum, a Karpeles holding company, had registered silkroadmarket.org as a means to publicize the site further.
The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
In the summer of 2013, a separate Baltimore-based Homeland Security investigation into Karpeles went to meet with the Karpeles's lawyers, explicitly against Der-Yeghiayan’s wishes. At this meeting, Karpeles’s lawyers brought up Silk Road and said that Karpeles was willing to give up the person he thought to be running Silk Road in order to gain immunity from other charges pending against him.
Der-Yeghiayan said he was “upset” about the contact and says he wrote a lengthy memo about the problems in the investigation.
Dratel says that it was only after this happened that Ulbricht was lured back into Silk Road, an entity he allegedly left behind two years prior, in order to be the “fall guy” who would ultimately take the charges that could leave him in prison for life.

source ?

[esse83]

Ulbricht’s lead attorney, Joshua Dratel, said that Karpeles was the man pulling the strings behind Silk Road from 2011 until 2013, and that his associate Ashley Barr, a Canadian computer scientist, became the famously libertarian voice of Dread Pirate Roberts.
“Lots of little things added up to [Karpeles],” Der-Yeghiayan testified.
In a meeting with other Homeland Security agents, Der-Yeghiayan recalled saying that “we have built up quite a large amount of information that leads to this.”
Der-Yeghiayan, however, was convinced that the investigation still had further to go before making an arrest and taking Karpeles to court. He advised other law enforcement agents against speaking to Karpeles about Silk Road, so as to not tip him off.
At the time, there were investigations into several potential crimes that Karpeles had committed.
Instead, other Homeland Security investigations into Karpeles, for separate and related crimes, led investigators to seize $2 million from Karpeles in May 2013, thus tipping Karpeles off that he was on the radar of the United States government.
Although he was “upset” about the premature law enforcement contact, Der-Yeghiayan said he continued his investigation into Karpeles.
“You believed him to be the mastermind behind Silk Road, keeping it secure and operating?” Ulbricht defense attorney Dratel asked Der-Yeghiayan.
“I did,” Der-Yeghiayan testified.
As the argument was unveiled, Ulbricht let out a rare beaming smile and turned to his parents. They nodded at one another, marking the most electric moment in the trial so far.
Der-Yeghiayan testified that his own investigation had found that Mutum Sigilum, a Karpeles holding company, had registered silkroadmarket.org as a means to publicize the site further.
The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
In the summer of 2013, a separate Baltimore-based Homeland Security investigation into Karpeles went to meet with the Karpeles's lawyers, explicitly against Der-Yeghiayan’s wishes. At this meeting, Karpeles’s lawyers brought up Silk Road and said that Karpeles was willing to give up the person he thought to be running Silk Road in order to gain immunity from other charges pending against him.
Der-Yeghiayan said he was “upset” about the contact and says he wrote a lengthy memo about the problems in the investigation.
Dratel says that it was only after this happened that Ulbricht was lured back into Silk Road, an entity he allegedly left behind two years prior, in order to be the “fall guy” who would ultimately take the charges that could leave him in prison for life.

source ?

http://www.dailydot.com/crime/ross-ulbricht-silk-road-mark-karpales-fbi/

[magicmexican]

Mark is the hero bitcoin deserves, but not the one it needs right now.

[mmitech]

Supply and demand...as simple as that.


now the reak question is about the inflated demand, and the complicated answer is the greedy people who were so blind to not see or ignore the huge bubble, they were also promised $10K coins, so as naive as they were they kept buying bitcoins... in fact they were buying hope and held and wishes and dreams, but now they are realizing how ignorant they were... this is why the bubble is taking so long to burst, it was delayed with hope and dreams and wishful thinking.


Edit: BTW, technical analyzes work most of the time...the fact that you don't understand charts or don't know how to use them doesn't mean they are worthless.

If technical analysis worked out most of the time then we all should've been rich by now. I'm pretty fucking sure that you or any other else never predicted $150 bitcoin followed by $200, dip to $170 and back to $220 in a ridiculous 2-3 days timeframe. What you can do with T.A is to paint a history and then place a "bet" based on it. Saying that T.A works most of the time is an overstatement.

well, you are wrong sir, just read my posting history.

[esse83]

“You believed him to be the mastermind behind Silk Road, keeping it secure and operating?” Ulbricht defense attorney Dratel asked Der-Yeghiayan.

“I did,” Der-Yeghiayan testified.

As the argument was unveiled, Ulbricht let out a rare beaming smile and turned to his parents. They nodded at one another, marking the most electric moment in the trial so far.

[dakota neat]

Mark Karpeles is now almost confirmed as the culprit of both Silkroad and the bitcoin price; Buy if you want to. I'm out. Good luck bulls.

If this is true I go leveraged all-in.

[adamstgBit]

http://www.coindesk.com/mt-gox-ceo-mark-karpeles-implicated-silk-road-trial/

you can't make this shit up!

[Ultros]

http://www.dailydot.com/crime/ross-ulbricht-silk-road-mark-karpales-fbi/

DHS fingered Mt. Gox's Mark Karpales as original Silk Road founder

[ssmc2]

“You believed him to be the mastermind behind Silk Road, keeping it secure and operating?” Ulbricht defense attorney Dratel asked Der-Yeghiayan.

“I did,” Der-Yeghiayan testified.

As the argument was unveiled, Ulbricht let out a rare beaming smile and turned to his parents. They nodded at one another, marking the most electric moment in the trial so far.

Wow, seems like reasonable doubt may have been established.

[coins101]

Mark Karpeles is now almost confirmed as the culprit of both Silkroad and the bitcoin price; Buy if you want to. I'm out. Good luck bulls.

If this is true I go leveraged all-in.

rationale?