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

[bitserve]

The most surprising news is that BTC-e lasted that long. Let's see:

- COmpletely unlicensed for money transmitting
- No idea who was behind, no known corporate, no known owners, no known directors, no nothing.
- No KYC/AML, or at least not that complete as competing exchanges.

Hmmmmm, it sounds a bit like Poloniex.....

[Dakustaking76]

I sold again, at 2740, sold all.

Yep, I knew you don't have any bitcoins. Tomorrow when price is higher than that you'll stop posting here or you'll change your nickname.

Look at the charts, i am No fudder But its realy ugly for bitcoin at this moment all red over past 3 days
Till now.. How long can it go like this?

[allstolennnnn]

I sold again, at 2740, sold all.

Yep, I knew you don't have any bitcoins. Tomorrow when price is higher than that you'll stop posting here or you'll change your nickname.

What is the problem with you?
My balance is not your business.
Yes, my fiat is standing by at bitstamp.

I bet you have no coins if you are acting like this, or you just lost all at btc-e

[BlindMayorBitcorn]

You were able to find an ATM that had only 3% fees or did you purchase using a different method?

I used the ATM nearest to my home. It is a Lamassu operated by Instacoin.

They use dynamic pricing, presumably to balance their inventory of bitcoins and dollars. If they sell more coins than they buy, they raise their buy fees and lower their sell fees and vice versa.

That suits me just fine as it's precisely when there's a panic dump that I want to buy the dip.

 Thanks for the info!  I went with a buddy of mine to use an ATM in Scarborough one time (there was one in the Scarborough town center); they wanted 10% and I wasn't about to pay that much.  That one disappeared in 2015 and I haven't done any research since then.  I see now after you piqued my interest with the possibility of low fees that there are now machines much closer to me with lower fees. Sweet!  I didn't even know they had variable fees.  Field trip!

Any more Hogtown in this thread we're going to have to start a sausage party.

No. Wait.

[becoin]

Till now.. How long can it go like this?

It goes like this since 2009. No one really knows how long can it go.

[bitserve]

WizSec Announcement:

http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html

The plot thickens.

[BlindMayorBitcorn]

LE sure has been batting a 1000 lately. (Sporting metaphor for Jimbo.) Really hitting them out of the park. (As it were.) It just goes to show you, the long arm of the law has us all by the fly balls... (And so on.)

[Globb0]

FED Auctions again ?

[bitserve]

FED Auctions again ?

MtGox still owes me a few coins... If those coins come from Mtgox give 'em back!

We don't even know if the coins have been seized or not.

The positive news around all this is that it seems that criminals (not saying he is or isn't) can't hide on Bitcoin. If TPTB are not worried nor scared about Bitcoin maybe they won't try too hard to shut it down.

[JayJuanGee]

To the Oligarch market manipulators, bravo! Well played!
Your FUD on BTC-e was timed perfectly with the double top!
And to think, you didn't even need to print "China bans bitcoin!" this time.

You have some serious mental stucked-ness issues to believe that every event is timed and coordinated. 


I am sure that you have heard the expression that correlation does not equal causation - but you seem obsessively unable to get past certain mental themes.

I am not sure whether I should feel bad for you...     or to roll my eyes at your seeming stubborn persistencies?   
 

 

[jbreher]

Why does every one rule out the option that bitmixer and btc-e was ran by the dame guy?

The Dame Guy?

https://www.youtube.com/watch?v=zanuDA5cuDc

[JayJuanGee]

Good chance there are also stolen coins among the many coins we own by now. People are willing to pay a premium for freshly mined virgin bitcoins.

That´s the problem with a transparent blockchain and that´s why monero is rising right now

And that won't lead to monero attracting special attention from the FBI and having its fiat gateways tightly controlled and resources ploughed into cracking the cryptography that will eventually expose the whole monero blackchain..... 

Bitcoin is absolutely right to have a transparent blockchain, it just lacks the optionally private transactions that Dash has mastered with PrivateSend.  Obfuscate the transactions, not the whole damn blockchain.  Ah well, people will learn.

Does anyone know Kraken's policy in the event of a coin split?  Have they announced one?

My understanding is that segwit is going to allow for a lot more avenues to facilitate greater anonymity and more difficulties in tracing coins...

Rome was not built in a day, and surely Monero and other coins may well serve as side channels and additional avenues to increase anonymity and maybe even take some of that aspect from bitcoin - once monero becomes more liquid and builds some of its other network effects to become as large as bitcoin... .possibly. 

All of these are evolving - and in the transition there may be some cryptos that serve better niches than others and some of those niches may will be absorbed into bitcoin (or possibly lost by bitcoin as some of the bitcoin naysayers like to argue). 

[jojo69]

I knew this would be an entertaining day to log back in

[r0ach]

Dash is fungible and private and absolutely not a scam nor has it ever been.  Please do your own research before blindly regurgitating monero rhetoric.

Both parties are wrong.  It's not possible for any cryptocurrency to be fungible:

CT and schnorr sigs will make btc fungible.

Cryptocurrency is NOT fungible.  You're trying to make believe that if coins can be tumbled it's somehow fungible but there is more to it than that.  If anything about the protocol at all can be altered via a strongman or banana republic voting to take over it's exposed power vacuum it's not fungible.  Anonymint even agreed on this at one point in time but he has probably cucked out and did a 180 now that he wants to release a cryptocurrency of his own.

Money = has objective, static traits

Currency = random arbitrary bullshit some guy makes up and constantly fiddles with like fiat or bitcoin. If it's possible for your money to "hard fork", or randomly morph from one thing to another, it's not fungible, and hence not money. In that circumstance you are involved in some type of scheme with a schemer ruling over you.

It doesn't matter if said forks are orchestrated by a banana republic of miners in a voting process. There is no Nash equilibrium in cryptocurrency, only a power vacuum to be filled by a top down hierarchy or strongman. To escape this master and servant hierarchy you have to use real money that cannot be altered or tampered with by third parties.

[JayJuanGee]

Update2: At the moment, work is underway to restore the service. Approximate terms from 5 to 10 days. Thank you for understanding #btce


They think users are stupid or something???

They ignore us, why dont just say everything have been quarantined by FBI!

"WE SHOULD HAVE AN OFFICIAL ANNOUNCEMENT READY SOON-ISH" ^tm


 

FTFY by adding a cute little symbol

[jbreher]

Update2: At the moment, work is underway to restore the service. Approximate terms from 5 to 10 days. Thank you for understanding #btce


They think users are stupid or something???

They ignore us, why dont just say everything have been quarantined by FBI!

"WE SHOULD HAVE AN OFFICIAL ANNOUNCEMENT READY SOON-ISH"

In two weeks^[TM]

[bitserve]

Apparently the name of the guy who was arrested is Alexander. Same name as one of the admins of BTC-E.

My guess is the other founder got wind of it and took the cold storage and started mixing it right away. 66,000 BTC at least.

Additional hints:

Also BTC-e was founded in 2011, while bitmixer in 2014
The guy behind bitmixer doesn't looks like russian from his posts
Most of the Bitcoin ramsons were exchanged on BTC-e
And they havent even twitted anything new since yesterday, not even to counter the rumours
...

I think it is already nearing certainty that it is BTC-e.

Why does every one rule out the option that bitmixer and btc-e was ran by the dame guy?

He isn't the same guy. Just compare the english skills and style between the two:

1) Bitmixer: https://bitcointalk.org/index.php?action=profile;u=216447;sa=showPosts
Very good english, verbose, etc...

2) WME (Aleksander): https://bitcointalk.org/index.php?action=profile;u=43575;sa=showPosts
Very poor and basic english. Short and straight to the point.

You can try to "fake" many things in the writing to difficult the analysis, but in this case it is absolutely obvious they are two different individuals.

You can also compare hourly patterns of posting and notice the obvious differences:

Bitmixer: https://bitcointalk.org/index.php?action=profile;u=216447;sa=statPanel

WME: https://bitcointalk.org/index.php?action=profile;u=43575;sa=statPanel

Again, not the same guy.

[Torque]

I am not sure whether I should feel bad for you...    or to roll my eyes at your seeming stubborn persistencies?  
 

 

Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.    

[JayJuanGee]

Right so what the hell is going on? We had segwit lock in euphoria and it increased and then dropped again, now a shut down of btc-e, I have no clue what the fuck is happening August 1st anymore.


What's going to happen over the next couple of months price wise?

I know it's going to be very volatile but I am pretty confused about what's actually taking place and when.

I think my brain has been scrambled over the past 2 weeks of so.

Good for you, if you brain has been scrambled for ONLY 2 weeks.. You are one of the lucky ones.


Regarding the answers to your questions.. .your guess is as good as mine.

After the locking in of BIP91, I would have put the materializing of a threat of a hardfork (within a month) at less than 15% - however, recent specific and adamant reiterations of such threats including specifically asserting that they are sticking with a hardfork date of August 1 have likely increased the possibility of such to possibly 30% or greater.

They seem like real goofballs, nutjobs and disingenuous to be pulling off such a hardfork, and we cannot really discount such possibility because they are going to lose some timing and following if they wait until after the activation of segwit... so seems like they are considering striking while the iron is hot... may not be good for bitcoin, but might be good and profitable for them.

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy   
21/07 Mr Frog 
22/07 Protokol 
23/07 Bitcoinaire 
24/07 Lost_in_base 
25/07 rjclarke2000 
26/07 Globbo 
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bathy
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest