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

[ChartBuddy]

[virtualfaqs]

NEW 24 HOUR HIGH ON MTGOX! 
(but only because it's been 24 hours since we reached the last high, but who knows what the rest of the day has in store.) 

[DaRude]

One question related to those funds is if some of them might belong to people who committed no crimes (or at least have not been convicted of them). I'm have little doubt (in fact, I pretty much know for sure) that there's precedent for the cops just keeping the whole lot but still.

I'm still wondering how they got the coins. If he's claiming them back, it suggests he didn't hand them over (i.e. as part of deal). So, weak password?

Maybe no password. If he didn't have the sense to have it distributed through multiple offline wallets with some kind of auto-drain for at least some of them...

Feds don't seem to be doing that either.

Didn't the feds capture him in a library while he was using his laptop? If they got the laptop while it was on, they could easily copy the wallet files. As for the password, maybe he had it stored in a txt file somewhere on his laptop?

if that is the case, then he's really really stupid for not using cold wallet storage.. or hiding it somewhere in the event of him being caught. can't believe such a reckless guy would maintain SR. you don't even need to be smart to realize that all your shit will be taken when caught.

He was pretty dumb, so wouldn't put it past him

[aminorex]

He was pretty dumb, so wouldn't put it past him

Ross Ulbricht is a clever dude, by any rational standard.  I conclude that you are not rational.  Sorry, but Aristotelian logic alone compels me.

[virtualfaqs]

He was pretty dumb, so wouldn't put it past him

Ross Ulbricht is a clever dude, by any rational standard.  I conclude that you are not rational.  Sorry, but Aristotelian logic alone compels me.

You'd figure he have it setup so if he doesn't input a certain code every 24 hours, the BTC automatically transfers to another BTC address. Every single movie villain has a bomb that blows up without code or connected to heart beat monitor. Didn't wikileaks owner have the same kind of fail-safe plan.

[Peter R]

He was pretty dumb, so wouldn't put it past him

Ross Ulbricht is a clever dude, by any rational standard.  I conclude that you are not rational.  Sorry, but Aristotelian logic alone compels me.

You'd figure he have it setup so if he doesn't input a certain code every 24 hours, the BTC automatically transfers to another BTC address. Every single movie villain has a bomb that blows up without code or connected to heart beat monitor. Didn't wikileaks owner have the same kind of fail-safe plan.

A lot of people have been burning on DPR for being careless.  This may very well turn out to be the case, but let's remember that the trial is just getting started.  There may be some interesting plot twists in store...

[DaRude]

He was pretty dumb, so wouldn't put it past him

Ross Ulbricht is a clever dude, by any rational standard.  I conclude that you are not rational.  Sorry, but Aristotelian logic alone compels me.

You'd figure he have it setup so if he doesn't input a certain code every 24 hours, the BTC automatically transfers to another BTC address. Every single movie villain has a bomb that blows up without code or connected to heart beat monitor. Didn't wikileaks owner have the same kind of fail-safe plan.

A lot of people have been burning on DPR for being careless.  This may very well turn out to be the case, but let's remember that the trial is just getting started.  There may be some interesting plot twists in store...

True, jumping to conclusions but from what i read up so far i'm not impressed at all.

[lowstrife]

With the Fortress investment trust being announced, I think we're preparing for a major market movement in the coming hours. I wrote this thread on Reddit (not sure how it is around these parts, I'm still new!) explaining my reasoning behind the huge # of bitcoin days destroyed and this ETF getting announced. This might be a very very interesting new years. Apparently they will be announcing it at a Bitcoin conference tonight which happens to be nextdoor to the NYSE stock exchange...

http://www.reddit.com/r/Bitcoin/comments/1u4fc6/record_number_of_bitcoin_days_destroyed_and_10/

This could explain the push that we've seen to $800, and some of the buy-orders that are starting to come through the exchange today. We're on a very defined uptrend right now...

[KFR]

Happy New Year everyone and I wish you all a very bullish 2014.

[Walsoraj]

Once wall street owns 90% of all bitcoins, what's the plan? Hard fork? Switch to PeerCoin?  

[ChartBuddy]

[User705]

With the Fortress investment trust being announced, I think we're preparing for a major market movement in the coming hours. I wrote this thread on Reddit (not sure how it is around these parts, I'm still new!) explaining my reasoning behind the huge # of bitcoin days destroyed and this ETF getting announced. This might be a very very interesting new years. Apparently they will be announcing it at a Bitcoin conference tonight which happens to be nextdoor to the NYSE stock exchange...

http://www.reddit.com/r/Bitcoin/comments/1u4fc6/record_number_of_bitcoin_days_destroyed_and_10/

This could explain the push that we've seen to $800, and some of the buy-orders that are starting to come through the exchange today. We're on a very defined uptrend right now...

A large holder sells a huge stash in way that avoids the markets for worries of tanking the price and to a fund which resells to idiots since why would anyone want to own a fund with fees instead of a cold wallet for free.  And that's bullish news?

[virtualfaqs]

Mtgox 24 Hour High $814 - Congrats!   

[vdcc]

I don't see any significant amount of Wall Street money anywhere near bitcoin before some serious regulation...
Maybe some small, high-risk funds, but nothing serious (tens of billions or something like that).
They always play safe

[smiley123]

IMO bitcoin has a way of pricing things in before hand instead of waiting.

[Erdogan]

Once wall street owns 90% of all bitcoins, what's the plan? Hard fork? Switch to PeerCoin?  

1. Waste them all on risky trades. 2 Call Bernanke. 3....

[mellowyellow]

With the Fortress investment trust being announced, I think we're preparing for a major market movement in the coming hours. I wrote this thread on Reddit (not sure how it is around these parts, I'm still new!) explaining my reasoning behind the huge # of bitcoin days destroyed and this ETF getting announced. This might be a very very interesting new years. Apparently they will be announcing it at a Bitcoin conference tonight which happens to be nextdoor to the NYSE stock exchange...

http://www.reddit.com/r/Bitcoin/comments/1u4fc6/record_number_of_bitcoin_days_destroyed_and_10/

This could explain the push that we've seen to $800, and some of the buy-orders that are starting to come through the exchange today. We're on a very defined uptrend right now...

So, anyone actually know someone going to the party?

[Dragonkiller]

IMO bitcoin has a way of pricing thing in before hand instead of waiting.

second market trust was announced in september, from then there was a run up from $130 to a peak of about 10x that in less than three months. fortress fund is supposed to be a lot bigger

[virtualfaqs]

Mtgox 24 Hour High $815 - Someone just bought 200!!! Come on Choo choo!

[Walsoraj]

I don't see any significant amount of Wall Street money anywhere near bitcoin before some serious regulation...
Maybe some small, high-risk funds, but nothing serious (tens of billions or something like that).
They always play safe

False. Wall Street will jump on anything that can be pumped, especially if a bunch of silly derivatives can be attached to the underlying asset.

Get ready for a year of record breaking artificially high prices.