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

[notme]

The handle is ready to fire!

lol

nice try

[rpg]

It just surprises me that they caught him by some random forum posts. Goes to show, it's the simple things that get people caught.

in a previous life i investigated forum posts for a company. Based on their posts, and there were several, and without access to web logs or any IP address or their email I was able to identify every single one of them. People are stupid and talk to much, use same alias everywhere. If you have the time is very easy to track people down, google is your friend

[Dhuum]

Next freefall incoming?

[Phinnaeus Gage]

It just surprises me that they caught him by some random forum posts. Goes to show, it's the simple things that get people caught.

in a previous life i investigated forum posts for a company. Based on their posts, and there were several, and without access to web logs or any IP address or their email I was able to identify every single one of them. People are stupid and talk to much, use same alias everywhere. If you have the time is very easy to track people down, google is your friend

Too bad Tom Williams didn't post on any forums. Wait! Are you Tom Williams?

[derpinheimer]

Next freefall incoming?

Bid/Ask shows no signs of weakness. Bids continue to rise from a low of $7.5mill to $12.2mill; asks holding steady at 57k.

[btcontilt]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

[rpg]

It just surprises me that they caught him by some random forum posts. Goes to show, it's the simple things that get people caught.

in a previous life i investigated forum posts for a company. Based on their posts, and there were several, and without access to web logs or any IP address or their email I was able to identify every single one of them. People are stupid and talk to much, use same alias everywhere. If you have the time is very easy to track people down, google is your friend

Too bad Tom Williams didn't post on any forums. Wait! Are you Tom Williams?
[/quote0]

lol you caught me, now i'm in trouble lol

[DougTanner]

Triangle is closing. Where to from here?

[Manna]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

The same as when they close a file sharing site. They really like mopping the floor with the water running and then wonder why they're never finished.

There will be new sites like SR, but never as popular as SR for the next time. And also the risk now is even higher to start a portal like Silkroad, after Gov closed SR.
Filesharing is different, because it depends on laws of a country.So when the server is in Africa, Gov of the U.S can do nothing against it, as long as they don´t have american friendly providers there. That is the difference.

[notme]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

[theonewhowaskazu]

Triangle is closing. Where to from here?

First legit wedge I've seen on here for a while.  Most people just draw triangles to troll. Good job finding a real one.

[jeezy]

Up, up, up! Obviously...

Triangle is closing. Where to from here?

[ChartBuddy]

[prophetx]

so looks like the show is over ... what now? 

[MikeH]

I don't believe they seized his bitcoins - unless they key logged or tortured him, more likely they're just making a statement that bitcoin isn't a safe haven.

[QuestionAuthority]

so looks like the show is over ... what now? 

It ain't over till the fat lady sells her Bitcoins.

[rampantparanoia]

so looks like the show is over ... what now?  

It ain't over till the fat lady sells her Bitcoins.

Or eats them. Cause that's what fatties do!

Ot: Australia & China are just waking up, & will be greeted with this news. I expect another $20 drop.

[thezerg]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

Its just one data point but the amount of BTC seized (26,000 by one media outlet) tells us how much SR was affecting the supply of coin.  In other words, not much.  And this coin may be tied up as evidence for quite some time so its confiscation is not about to affect supply.

However, I would imagine that the SR economy formed a group of people willing to buy and sell at the current price whatever that might be (I'm assuming the drug price is in USD and constantly repriced in BTC, and of course that addicts need for a fix is fairly price insensitive -- but I don't actually know having never been to SR).  So some liquidity may leave the system.

[MikeH]

Ot: Australia & China are just waking up, & will be greeted with this news. I expect another $20 drop.

I'm in Australia and I'm just going to bed :]   5:20 am

[notme]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

Its just one data point but the amount of BTC seized (26,000 by one media outlet) tells us how much SR was affecting the supply of coin.  In other words, not much.  And this coin may be tied up as evidence for quite some time so its confiscation is not about to affect supply.

However, I would imagine that the SR economy formed a group of people willing to buy and sell at the current price whatever that might be (I'm assuming the drug price is in USD and constantly repriced in BTC, and of course that addicts need for a fix is fairly price insensitive -- but I don't actually know having never been to SR).  So some liquidity may leave the system.

Maybe a small amount... but certainly not $300-400 million worth.