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

[Torque]

Bullish? Congrats on the new ATH.

Ummm... shutting the front door for Average Joe whilst still servicing their rich friends out the back? You decide  

https://gemini.com/auction-data/

[bitserve]

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

On other news.... The price is reacting to Segwit exactly as predicted. There will be dips on the road... but I think I need to readjust my price target for end of year.

Btw... what happened to r0ach?

[empowering]

$3500 !!! booooom

 Damn!  I missed it due to my complaining about topicality.
Is there any resistance now before 10k?

 

[Lauda]

Ummm... shutting the front door for Average Joe whilst still servicing their rich friends out the back? You decide  

https://gemini.com/auction-data/

They are probably sourcing the coin that gets auctioned off differently than those that are on the market. I don't mind either way. I hope that we see >$3600 today.

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

On other news.... The price is reacting to Segwit exactly as predicted. There will be dips on the road... but I think I need to readjust my price target for end of year.

I wonder what the price will be at the time of activation. Maybe OP should change the poll to reflect on that?

[empowering]

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

On other news.... The price is reacting to Segwit exactly as predicted. There will be dips on the road... but I think I need to readjust my price target for end of year.

Btw... what happened to r0ach?

I think a bar of gold dropped out of his purse and broke a toe

Pesky Goldbugs  



(ps- Liquidity? easier to acquire for the victim?  surely they can take BTC and they can always move into Monero later to obscure their pesky bitcoiner tracks? or maybe they are BTC purists that consider every other coin a shitcoin?   who knows what goes on in the minds of these lazy fuckers)

(pps #OnlyKidding #HakoRzRuLe #Don'tRobMe   )

[Torque]

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

I think that it has more to do with the fact that they know their victims would know more about bitcoin, be able to easily set up an account and buy it with fiat money. With Monero directly, that's not as easily accessible... hardly anyone has heard of it. I'm 100% sure that you will never see Monero listed for buy/sell on regulated brokers like Coinbase.

Also, the reverse is true with extortionists more easily being able to sell bitcoin for fiat somewhere. Or just convert it to monero themselves.

[NUFCrichard]

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

I think that it has more to do with the fact that they know their victims would know more about bitcoin, be able to easily set up an account and buy it with fiat money. With Monero directly, that's not as easily accessible... hardly anyone has heard of it. I'm 100% sure that you will never see Monero listed for buy/sell on regulated brokers like Coinbase.

Also, the reverse is true with extortionists more easily being able to sell bitcoin for fiat somewhere. Or just convert it to monero themselves.

I'd guess that they actually want to receive the funds from the people they are blackmailing/extorting.
If someone says - pay me $1000, then you might do it, if they say pay me 1000 fluurks, you wouldn't have a clue what they are talking about.

People know about Bitcoin, maybe only a little bit, but they have heard of it. They could buy it if they needed to. Basically no one has heard of Monero, people would'nt know how to buy it, they would probably be more inclined to bin the computer, than pay.

[Last of the V8s]

great walls they have in China

[bitserve]

https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

Why exortionists are still using Bitcoin for this stuff instead of using Monero is beyond me. Maybe they don't know better?

The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

I think that it has more to do with the fact that they know their victims would know more about bitcoin, be able to easily set up an account and buy it with fiat money. With Monero directly, that's not as easily accessible... hardly anyone has heard of it. I'm 100% sure that you will never see Monero listed for buy/sell on regulated brokers like Coinbase.

Also, the reverse is true with extortionists more easily being able to sell bitcoin for fiat somewhere. Or just convert it to monero themselves.

But.... There are regulated exchanges that do have Monero, ie: KRAKEN.

Also the extortionist have a support line for explaining the "client" how to do it, there's not that much overhead for explaining how to obtain the Moneros instead of Bitcoin.. plus... when we are talking about this sums and corporates, I am sure they have access to cryptocurrencies "experts" that can obtain it for them and even provide OTC in a matter of hours. In fact I am sure it is not their financial director who personally do it... they hire someone for that (usually the same security firm that does the incident response).

Also, the get BTC now and convert to Monero later is not good. Look what happens with Wannacry ransom Bitcoins with everybody watching them... as soon as shapeshit detected the trade attempt they blacklisted (some minor part passed though).

It is way easier to guide the "client" to obtain the moneros and sent to them, and then convert to whatever (BTC probably) without that many worries that the money gets blocked somewhere along the "laundering" process or not blocked but closely followed leading to their identification and arrest.

Why I am "complaining"? Because I think that when all those arguments about Bitcoin used by criminals are completely erradicated there will be less bumps in the road to moon.

We just need to see how price reacts EVERY SINGLE TIME a dark market, shaddy exchange, etc gets closed.

[Torque]

Why I am "complaining"? Because I think that when all those arguments about Bitcoin used by criminals are completely erradicated there will be less bumps in the road to moon.

We just need to see how price reacts EVERY SINGLE TIME a dark market, shaddy exchange, etc gets closed.

Another thought. My conspiracy brain is always on. I'm not so sure that these ransomware attacks asking for bitcoin, are truly initiated by "bad guys".

How do we know they aren't being initiated by the Feds, deep statists, or whoever in order to continue their smear campaign against Bitcoin?

How would we in the public know otherwise?

How do we know that BTC-e wasn't framed?

[Icygreen]

If that's true, its the same way we know JFK, 9/11, Oklahoma, Boston, Elections, etc. get rigged.  I'll bite on the conspiracy theory only because most every piece of big news never gets told at face value.

[bitserve]

Why I am "complaining"? Because I think that when all those arguments about Bitcoin used by criminals are completely erradicated there will be less bumps in the road to moon.

We just need to see how price reacts EVERY SINGLE TIME a dark market, shaddy exchange, etc gets closed.

Another thought. My conspiracy brain is always on. I'm not so sure that these ransomware attacks asking for bitcoin, are truly initiated by "bad guys".

How do we know they aren't being initiated by the Feds, deep statists, or whoever in order to continue their smear campaign against Bitcoin?

How would we in the public know otherwise?

Your conspiracy brain is probably right in that those actors are doing worse things than that. But I can tell you I have dealt with extortionist on a few cases (minor ones, small companies hit by an automated ransomware campaign demanding around $300 per pc in BTC) and I can (almost) assure you it was just regular digital criminals what was on the other side.

I am confident that those actors you mention are busy with way more important issues than Bitcoin is at this time.... plus... they are not yet sure if cryptocurrencies are good or bad for their "business". Once the time comes, they will center their efforts more in taking advantage for their own goals than in simply "attacking"/"destroying".

[600watt]

so much fun playin "ATH-spotting" on my mobile phone @bitcoinity. screenshot whenever you spot one.. ...

[becoin]

Another day, another ATH. Yawn.
By the end of month we'll be beyond $5K.

[Last of the V8s]

I think you will find that the brits and yanks did fuck all compared to the russians in defeating germany in WWII. Cant blame you though since from watching years of Hollywood propaganda it would seem like the Russians were the enemies of the "allies"

wasn't just the post war propaganda/films that lead us to believe wrongly that we and our tax-dodging allies actually won that war and the Russians played little part.

was also institutional memory of one of our armies patiently watching and waiting outside Berlin while the Soviets failed to turn up for weeks on end, because the agreement was Uncle Joe could take Berlin

and was the war stories of others of our armies who could have taken Berlin but were diverted north to liberate Belgium and Holland

[Meuh6879]

[Torque]

If that's true, its the same way we know JFK, 9/11, Oklahoma, Boston, Elections, etc. get rigged.  I'll bite on the conspiracy theory only because most every piece of big news never gets told at face value.

Yep, 'zactly.

Like this supposed "things heating up" thing with NK. Yeah riiiight. 30 straight years of no heating up with NK, no incidents at all. Now all of a sudden within 6 months we're near the brink of war?

Yeah, not buying it. Look for some false flag event du jour coming soon. Yellen needs her bubble popping market crash event asap.

[Lauda]

I think that it has more to do with the fact that they know their victims would know more about bitcoin, be able to easily set up an account and buy it with fiat money. With Monero directly, that's not as easily accessible... hardly anyone has heard of it. I'm 100% sure that you will never see Monero listed for buy/sell on regulated brokers like Coinbase.

Yeah, but most of the victims do not have Bitcoin and have just possibly heard a bit about it. I don't think that slapping "register to Kraken, buy Monero, etc." instructions on the ransomware would be too difficulty. Monero is harder to use than Bitcoin, but it shouldn't be that hard.

Another day, another ATH. Yawn.

It is kind of boring until at least $4k. I don't like the mini wall on Bitstamp on $3600.

[JayJuanGee]

$3500 !!! booooom

 Damn!  I missed it due to my complaining about topicality.
Is there any resistance now before 10k?

Yep... next meaningful resistance area  is  the $4800 to $6800 arena.. and then after that between about $8500 to $13000. 

$10k will be a whiz, once we are in the middle of that $8500 to $13000 price arena..

[JayJuanGee]

Bullish? Congrats on the new ATH.

Ummm... shutting the front door for Average Joe whilst still servicing their rich friends out the back? You decide  

https://gemini.com/auction-data/

Of course, we are being manipulated by these fake announcements...