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

[Afrikoin]

[tarmi]

profit!

[dropt]

A scammer on teh internets just stole 43k BTC ($12 millions), but don't worry, he is not gonna dump!
Bullish!

You mean Coinapult's hot wallet loss? If so, your numbers are a bit off - they say they lost just under 43000 USD worth of BTC, or 150 Bitcoins.

http://www.coindesk.com/coinapult-loses-40k-hot-wallet-compromise/

He means Evo, the second largest dark market.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

This could turn ugly for the guy... Running away with 43K is A LOT of money even at these prices, but not enough to be vanished. Hope he returns the funds...

They didn't run away with 43k BTC.  That's the total received.  You guys are panicking over a dumbasses misinterpretation of the wallet transaction history.  FFS.

[madonnino]

Evolution admin is probably dumping on BTC-E. He doesn't give a single fuck

[Fatman3001]

Hmmmm.... I wonder what happened to the price when SR1 imploded.

[sAt0sHiFanClub]

The next decision was to limit the number of atomic units (satoshis) to about 2^51 - 1 = 2'251'799'813'685'247, which is the maximum range of integers that can be safely manipulated in IEEE double-precision floating point without rouding.  That would allow any bitcoin accounting to be done on an Excel spreadsheet without losing a satoshi.  (Excel, and many other programs, use double-precsion floating point for all numbers,  Most computer nerds would never have tought of that.  They generally avoid floating-point because of its complicated rounding, and would have picked 2^63 or 2^62 instead.  But Satoshi obviously was not a typical computer nerd, knew how Excel works, and knew how to use FP without rounding.)

This makes no sense. Are you seriously suggesting that the precision of Bitcoin is a function of an accomodation to a third rate amateur spreadsheet application?

Programmers dont use FP because its lossy. Its lossy at any precision. Also, most financial standards specifically proscribe FP calculations for financial systems.

Most computer nerds would never have tought of that.

Thanks for setting that straight. Cant wait to see bitcoin 0.10.1 released as a full excel macro....

[KryptoFoo]

There may be some support at this level. I'm in for a long trade.

[luckygenough56]

lol@btc-e + bitcoin ded

[Wandererfromthenorth]

A scammer on teh internets just stole 43k BTC ($12 millions), but don't worry, he is not gonna dump!
Bullish!

You mean Coinapult's hot wallet loss? If so, your numbers are a bit off - they say they lost just under 43000 USD worth of BTC, or 150 Bitcoins.

http://www.coindesk.com/coinapult-loses-40k-hot-wallet-compromise/

He means Evo, the second largest dark market.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

This could turn ugly for the guy... Running away with 43K is A LOT of money even at these prices, but not enough to be vanished. Hope he returns the funds...

They didn't run away with 43k BTC.  That's the total received.  You guys are panicking over a dumbasses misinterpretation of the wallet transaction history.  FFS.

No. He says "eight figure profit".
43k BTC = $12M.

So it's at least 36k BTC minimum.

https://www.cryptocoinsnews.com/darknet-market-evolution-unreachable-funds-stolen/

[Fatman3001]

A scammer on teh internets just stole 43k BTC ($12 millions), but don't worry, he is not gonna dump!
Bullish!

You mean Coinapult's hot wallet loss? If so, your numbers are a bit off - they say they lost just under 43000 USD worth of BTC, or 150 Bitcoins.

http://www.coindesk.com/coinapult-loses-40k-hot-wallet-compromise/

He means Evo, the second largest dark market.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

This could turn ugly for the guy... Running away with 43K is A LOT of money even at these prices, but not enough to be vanished. Hope he returns the funds...

They didn't run away with 43k BTC.  That's the total received.  You guys are panicking over a dumbasses misinterpretation of the wallet transaction history.  FFS.

No. He says "eight figure profit".
43k BTC = $12M.

So it's at least 36k BTC minimum.

https://www.cryptocoinsnews.com/darknet-market-evolution-unreachable-funds-stolen/

If they f up they are going to end up as a smudge somewhere.

[N12]

It saddens me that Bitcoin apparently can't even be meaningfully used for one of its core businesses, drugs, and I feel sorry for the honest drug dealers who got their money stolen.

[macsga]

A scammer on teh internets just stole 43k BTC ($12 millions), but don't worry, he is not gonna dump!
Bullish!

You mean Coinapult's hot wallet loss? If so, your numbers are a bit off - they say they lost just under 43000 USD worth of BTC, or 150 Bitcoins.

http://www.coindesk.com/coinapult-loses-40k-hot-wallet-compromise/

He means Evo, the second largest dark market.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

This could turn ugly for the guy... Running away with 43K is A LOT of money even at these prices, but not enough to be vanished. Hope he returns the funds...

They didn't run away with 43k BTC.  That's the total received.  You guys are panicking over a dumbasses misinterpretation of the wallet transaction history.  FFS.

No. He says "eight figure profit".
43k BTC = $12M.

So it's at least 36k BTC minimum.

https://www.cryptocoinsnews.com/darknet-market-evolution-unreachable-funds-stolen/

If they f up they are going to end up as a smudge somewhere.

Most definitely, DarkMarket is not the place to play thug life. Outsmarting some computer geeks like on Gox is another thing and messing around with people there is another. Good luck with the dump money. They're gonna need it.

[luckygenough56]

It saddens me that Bitcoin apparently can't even be meaningfully used for one of its core businesses, drugs, and I feel sorry for the honest drug dealers who got their money stolen.

yeah it's a shame

[Morecoin Freeman]

btc-e leading the dump

[KryptoFoo]

How do we know Evo admins got 43K BTC??? The supposed wallet address balance was 0BTC one week ago. I think they stopped processing withdrawals less than one week ago. The current balance is "only" 980 BTC

http://www.walletexplorer.com/wallet/001363c52540bdd1?from_address=1Ps2m56aEudGVKj7ch8mAje4x6bBzGVNgU

Lost funds amount is pure speculation at this point and I would not trust the likes of cryptocoinsnews as a source on the matter. Something not adding up.

[tarmi]

It saddens me that Bitcoin apparently can't even be meaningfully used for one of its core businesses, drugs, and I feel sorry for the honest drug dealers who got their money stolen.

lel

fundamentals not looking too good, lot of longs opened, 300 is unbreakable, hidden bearish divergence formed and not a lot of shorts...

the stage is set and my shorts are in green!

love it.

[ChartBuddy]

Coin
Explanation

[macsga]

I won't sell at this price, I will buy @250 . I hope it will down more. The other thing is I could not sell @295 . I am all in BTC :/

Same here. Since 2012.
Seriously now, if you're investing, this is not the price to sell. Not now, and certainly not until the next halving. Scarcity is your friend.

[AizenSou]

How do we know Evo admins got 43K BTC??? The supposed wallet address balance was 0BTC one week ago. I think they stopped processing withdrawals less than one week ago. The current balance is "only" 980 BTC

http://www.walletexplorer.com/wallet/001363c52540bdd1?from_address=1Ps2m56aEudGVKj7ch8mAje4x6bBzGVNgU

Lost funds amount is pure speculation at this point and I would not trust the likes of cryptocoinsnews as a source on the matter. Something not adding up.

Exactly. They just want to  use this opportunity to create panic. The reported site got 45k BTC in their entire operation life. What they got stolen is a fraction of it (less than 1k BTC).
Too bad for some who doesn't read and just follows the flow.

[podyx]

"bitcoin is dead" sentiment in here right now...