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

[hmmmstrange]

BUY BUY  BUY!!!!!!!!!!!

sry, somtimes i just cant hold it in.  

Have you loaded up using cavirtex yet? Seems like the cheapest coins in the world there...

cavirtex is a great deal $91.00cad or $87.70usd. Gox is $119. Weird that gox is 35.6% higher then cavirtex. That is one large spread.

[VolanicEruptor]

Don't ever compare anything to Gox.  People buy bitcoin  like crazy on there because they can't move their cash any other way.  This makes it show a fake market price.

[gog1]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.

But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."

There are 14 million on the bid side, a seizure of 2.9 billion should not leave gox insolvent.

[ChartBuddy]

[hmmmstrange]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.

But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."

There are 14 million on the bid side, a seizure of 2.9 billion[million] should not leave gox insolvent.

The 2.9 million was just in gox's dwolla account, there is no information on how much was seized in Mark's Wells Fargo account, number 7657841313.

[NamelessOne]

Nearly 1.5k buy. Interesting last couple hours.

[JimboToronto]

A little bump up

[NamelessOne]

3k buy!!!   

[Tzupy]

Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.

[BitPirate]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.

But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."

Theivery!  MtGox was one of the few exchanges going out of their way to be compliant with AML and KYC. I hope the money gets reunited with its rightful owners.

[JimboToronto]

MtGox was one of the few exchanges going out of their way to be compliant with AML and KYC.

That came after the Dwolla seizures, two days after they busted Liberty Reserve.

Just enough time to talk to his lawyers. 

[NamelessOne]

Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.

Where are you seeing that? I see 3000btc would get us down into 116 range.  111 would take 15000btc sold.

[ChartBuddy]

[Tzupy]

Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.

Where are you seeing that? I see 3000btc would get us down into 116 range.  111 would take 15000btc sold.

Fake buy wall is herding sheeple into buying at 123. It appears and dissapears, to dissuade a large dump into it.

[ChartBuddy]

[JimboToronto]

Some people couldn't wait for 1 day to buy lower, that's worrisome.
Anyway, now it's only 3k until 111, if someone wants to sell big.

Where are you seeing that? I see 3000btc would get us down into 116 range.  111 would take 15000btc sold.

Fake buy wall is herding sheeple into buying at 123. It appears and dissapears, to dissuade a large dump into it.

LOL  

To da capitulashun... $50... no, make that $30.  Why can't they see that this whole triple-digit thing is just a giant bull trap?

Sell, sell, sell...
______

...or not.  

[Tzupy]

Actually, it's a smart whale strategy: why dump when you can herd sheeple into buying your coins?
The big whale needs more $ to kickstart the next rally, which could rise to 130, given the bullishness of the market.

[Rampion]

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.

But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."

There are 14 million on the bid side, a seizure of 2.9 billion should not leave gox insolvent.

Agreed. Plus, those are mostly their customer's funds, right?

[JimboToronto]

The big whale needs more $ to kickstart the next rally, which could rise to 130, given the bullishness of the market.

Next rally? This present one's almost sure to go far past 130, depending on the status of MtGox. It's been on a pretty steady upswing for over a month and shows no immediate signs of letting up.

You seem to presume that the "big whale" is a short term speculator, buying to sell and selling to buy, but it might be either a hoarder or someone who has business plans requiring a sizable inventory of coins. There's no evidence that any of these coins acquired in whale buys have come back on the market.

Sure someone's trying to push up the price while steadily acquiring coins. They're trying to protect their investment.

[Tzupy]

For me, the previous rally in this bubble period was on the 14th August, our definition of terms seems different.
And I do expect another one in 4 - 5 days, rising to 130 or more. So don't confuse me with a stubborn bear.
I do believe however that we'll see most of the missing coins after the bullishness of the market gets exhausted.