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

[JimboToronto]

Good morning Bitcoinland.

Sideways again I see. Small dip overnight didn't last long.

Ho hum.

[2ndLife]

There are those who claim Bitcoin was created by the NSA as the ultimate honeypot.  The reasoning goes something like this:

1.  Bitcoin attracts the criminal element <==prima facie, empirically substantiated, currently held axiomatic.
2.  Those attracted to Bitcoin are criminals <==somewhat of a logical leap, but again, shown to be true in 99% of the cases.  Remaining 1% are weirdos who like losing money, so who cares.
4.  Bitcoin is instrumental in fighting crime by impoverishing those who hold it. <==not life-affirming, handicapping the criminal contingent.
5.  What's more, criminals pay for their own demise (arrest->confiscate BTC->sell BTC (to criminals, who else)->rinse->repeat). <==PROFIT!

Bitcoin is best crime-fighting tool ever, Q.E.D.

No joke.  A year ago, at the NY hearings, the FBI testified that they were not worried about bitcoin, so I read.  To this day, I have not read of anyone from US law enforcement calling for it to be banned.  Not even after the ransomware attacks against government offices.

Objectively, catching Ross Ulbricht must have been much easier than catching a traditional drug dealer, since much of the investigation could have been done remotely, by agents sitting at their desks, with hot coffee and donuts at hand...

have you red the whole story regarding Ross and his two buddies Bridges and Force?

http://www.forbes.com/sites/sarahjeong/2015/03/31/force-and-bridges/

It was obviously set up from the beginning.

Silk Road Sealed Document Dump Day (Full Text):
http://qntra.net/2015/04/silk-road-sealed-document-dump-day-full-text/

You and Jorge agree.  He is saying that various TLAs are using Bitcoin to entrap people.  He has seen through one more layer of government deception than you tho.  He thinks that the rabbit hole goes deeper.  It's not just a few rogue agents, the whole bitcoin thing was created by TLAs to entrap us.

[Wandererfromthenorth]

https://www.youtube.com/watch?v=u3oqwk6UmQI

[micalith]

is it just me or has someone big been creating support at around 240-245 ever since  the 25th of March? Manipulation or a great buying opportunity for a metawhale to buy against the final wave of a determined bear market?

[macsga]

is it just me or has someone big been creating support at around 240-245 ever since  the 25th of March? Manipulation or a great buying opportunity for a metawhale to buy against the final wave of a determined bear market?

I guess we'll find out later -maybe next Monday- when BIT hits the Wall Street. Who should really care? Only those who have no coins (or very few). I'd worry if I were among them. Now I just picked up the "Holding my BTC with confidence" from the poll.

[derpinheimer]

https://www.youtube.com/watch?v=u3oqwk6UmQI

Where did you find that chart?

Looks scary. Coinorama.net doesn't work for me anymore

[adamstgBit]

Crazy Bitcoin Girl seems pissed off.

[gizmoh]

Crazy Bitcoin Girl seems pissed off.

Notlambchop you're cute 

[12345mm]

when they perfect human cloning i'll take ten of those ...

[dreamspark]

@dreamspark

I see you got my post deleted. I'm guessing you're either american or german since there seems to be some irony deficiency at play here. Let me spell it out for you: I thought what you achieved was very impressive. Good on you!

Lol I didn't get it deleted, if you look above I was moaning that our posts were deleted. I understood, I didn't mean for what I was saying to come across like that, context, irony and sarcasm are often lost on the internet. Oh and I'm English. Thanks!

[JorgeStolfi]

have you red the whole story regarding Ross and his two buddies Bridges and Force?

http://www.forbes.com/sites/sarahjeong/2015/03/31/force-and-bridges/

It was obviously set up from the beginning.

Silk Road Sealed Document Dump Day (Full Text):
http://qntra.net/2015/04/silk-road-sealed-document-dump-day-full-text/

I read a lot of stuff already.  Could you please summarize what is new in those docs, the point you are trying to make?  That Ross was induced by rogue agents to create SilkRoad?

(Bitcoin also helped the FBI to catch and indict those two agents, by the way.)

[sAt0sHiFanClub]

There are those who claim Bitcoin was created by the NSA as the ultimate honeypot.  The reasoning goes something like this:

1.  Bitcoin attracts the criminal element <==prima facie, empirically substantiated, currently held axiomatic.
2.  Those attracted to Bitcoin are criminals <==somewhat of a logical leap, but again, shown to be true in 99% of the cases.  Remaining 1% are weirdos who like losing money, so who cares.
4.  Bitcoin is instrumental in fighting crime by impoverishing those who hold it. <==not life-affirming, handicapping the criminal contingent.
5.  What's more, criminals pay for their own demise (arrest->confiscate BTC->sell BTC (to criminals, who else)->rinse->repeat). <==PROFIT!

Bitcoin is best crime-fighting tool ever, Q.E.D.

No joke.  A year ago, at the NY hearings, the FBI testified that they were not worried about bitcoin, so I read.  To this day, I have not read of anyone from US law enforcement calling for it to be banned.  Not even after the ransomware attacks against government offices.

Objectively, catching Ross Ulbricht must have been much easier than catching a traditional drug dealer, since much of the investigation could have been done remotely, by agents sitting at their desks, with hot coffee and donuts at hand...

Meh, anyone with half a brain will learn from his mistakes. There was a lot of traditional policing ( or entrapment, if you prefer), directing of the case, and ultimately just plain surprising him, Kojak stylee, in a library.

Oh, and another thing, if you are looking for a career and are an ardent note taker and record keeper, try accountancy. Drug dealing may not be the business for you..  

[Sitarow]

[JorgeStolfi]

You and Jorge agree.  He is saying that various TLAs are using Bitcoin to entrap people.  He has seen through one more layer of government deception than you tho.  He thinks that the rabbit hole goes deeper.  It's not just a few rogue agents, the whole bitcoin thing was created by TLAs to entrap us.

I won't go as far as saying that bitcoin was created for that purpose, but my impression is that the FBI does like it for that reason.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

No Fed or FBI agent is intelligent enough to be the inventor of BTC & the blockchain.

Funniest thing I've heard today.

[Fatman3001]

@dreamspark

I see you got my post deleted. I'm guessing you're either american or german since there seems to be some irony deficiency at play here. Let me spell it out for you: I thought what you achieved was very impressive. Good on you!

Lol I didn't get it deleted, if you look above I was moaning that our posts were deleted. I understood, I didn't mean for what I was saying to come across like that, context, irony and sarcasm are often lost on the internet. Oh and I'm English. Thanks!

wth?

That's some weird moderating.

[adamstgBit]

http://www.getonebit.com/

[Ezmoneyezlife]

Look at those attempts from chinese bots to push the price higher , but people got smarter (finex is 2$ below goxobi), thats a progress for sane people!

[hdbuck]

have you red the whole story regarding Ross and his two buddies Bridges and Force?

http://www.forbes.com/sites/sarahjeong/2015/03/31/force-and-bridges/

It was obviously set up from the beginning.

Silk Road Sealed Document Dump Day (Full Text):
http://qntra.net/2015/04/silk-road-sealed-document-dump-day-full-text/

I read a lot of stuff already.  Could you please summarize what is new in those docs, the point you are trying to make?  That Ross was induced by rogue agents to create SilkRoad?

(Bitcoin also helped the FBI to catch and indict those two agents, by the way.)

to sum up:

- Ross was 'partnering' with Mr Force, who was kinda the 'brain' behind silk road
- Mr Force manipulated Ross, instilling paranoia until he suggested to him to hire a hitman
- Mr Force was the one laundering SR coins, he threathened MK BTW (which led to the freezing of MtGOX accounts in USA, starting this whole fractional reserve shitstorm..).
- Mr Force got busted because of Bitstamp which reported him

My point is that Ross is some stupid innocent scapegoat, framed by rogue agents from the beginning.
+ all the deepweb drug supermarkets are likely to be USG ops, or at least highly infiltrated.
CIA being the n°1 drug dealer worldwide.

And i wouldnt exclude the possibility that Bitcoin might be NSA's achievement.
Whatever, its a win/win for me humble bitcoiner since the NSA is way more competitive than the FED/IMF dinosaures..

edit: Mr Force got busted because of fiat, not bitcoin. If only he kept his BTC instead of laundering them on exchanges..