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

[darklight]

not sure if it's wall street just yet, but there are definitely large manipulators about. it's not a conspiracy theory, it's common sense.

Yes, Mr Wall has been having a lot of fun on Stamp today pushing the price down

[MAbtc]

"In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks."

"The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said"

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

LOL!

[humanitee]

"In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks."

"The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said"

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Fascinating. Can they legally do that before he has a trial?

[N12]

Who will prosecute them? The US has secret courts, it's obviously a fascist state.

[Davyd05]

"In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks."

"The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said"

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

LOL!

exactly what I was gonna post and ask...do we really think the turmoil is over. This has been looming over our heads since they were seized. Now I can only hope that is pure FUD

[seanneko]

From here on out, either you're in bitcoin for the long haul and the protection of assets it provides or you're gonna lose most everything .... especially if you think you can out trade these guys with their trading algorithms, bots, deep pockets and propaganda machine ... they'll out psyche you every time and then take your money when you are beat ...

You've been warned. Get real or get out now.

What exactly do you mean by this? Do you think that they're going to manipulate so heavily that they can make it look like Bitcoin really is over for good (massive crash, etc), then buy up all the cheap coins as people sell out of desperation?

[MAbtc]

"In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks."

"The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said"

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Fascinating. Can they legally do that before he has a trial?

Yes. They can file for civil forfeiture in parallel to the criminal case. But if he is indeed agreeing to a plea, that will end the criminal case, anyway.

[Erdogan]

It surprises me that no one see's the obvious. Large manipulators wait for negative PR and then take the opportunity to start the drop, knowing that people will attribute it to the news and panic.

Holding is not because you're sticking with your internet friends, its because by and large individual amateur investors are going to have a really hard time timing the market properly and not losing money. You will lose less if you just step away and stop thinking about it. It's either going to be worth millions or nothing at all. You joined up for this ride, so don't quit your day job.

And please, stop complaining.

This.

I don't think many people here realise what it means now these Wall St. sharks are circling and amongst us ... they'll be picking you off one at a time like the ripe fat whales you are.

I've been watching/trading the Gold market for 18 years and you guys have no fucking clue what's coming ... it's not going to be pretty.

From here on out, either you're in bitcoin for the long haul and the protection of assets it provides or you're gonna lose most everything .... especially if you think you can out trade these guys with their trading algorithms, bots, deep pockets and propaganda machine ... they'll out psyche you every time and then take your money when you are beat ...

You've been warned. Get real or get out now.

Too much respect - borderline asslicking.

[proudhon]

They're smart to liquidate those Ulbricht bitcoins for USD instead.  They should do it on MtGox, cuz that's where the liquidity is.

[N12]

From here on out, either you're in bitcoin for the long haul and the protection of assets it provides or you're gonna lose most everything .... especially if you think you can out trade these guys with their trading algorithms, bots, deep pockets and propaganda machine ... they'll out psyche you every time and then take your money when you are beat ...

You've been warned. Get real or get out now.

What exactly do you mean by this? Do you think that they're going to manipulate so heavily that they can make it look like Bitcoin really is over for good (massive crash, etc), then buy up all the cheap coins as people sell out of desperation?

I remember that.

[hyphymikey]

They're smart to liquidate those Ulbricht bitcoins for USD instead.  They should do it on MtGox, cuz that's where the liquidity is.

They could sell all his coins, then if he is found not guilty (slim chance) they could buy back all the coins for way way cheaper than they sold and keep the rest of the cash lol

[humanitee]

They're smart to liquidate those Ulbricht bitcoins for USD instead.  They should do it on MtGox, cuz that's where the liquidity is.

A once in a lifetime sale. It almost makes me want to wire some money to exchanges... just in case.

[Dragonkiller]

They're smart to liquidate those Ulbricht bitcoins for USD instead.  They should do it on MtGox, cuz that's where the liquidity is.

They could sell all his coins, then if he is found not guilty (slim chance) they could buy back all the coins for way way cheaper than they sold and keep the rest of the cash lol

it looks like he's making a plea bargain

[Walsoraj]

Why has the FBI lost faith in the value of bitcoin? Perhaps they have acquired non-public info about price manipulation and plan on taking down some of the exchanges....

*edit*

"lost" implies the FBI did consider it valuable at some point. Again, what caused them to lose faith.... interesting...

[byronbb]

Well I am glad they are selling. NO WAY these go to an exchange when we have Second Market and Fortress acquiring coins.

[Nightowlace]

"In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks."

"The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said"

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Fascinating. Can they legally do that before he has a trial?

Absolutely not. It's "evidence" if they even have it. I'm sure he has it spread across many wallets, paper and otherwise.

[simonk83]

Hodling is stupid right now. Nothing but negative news on the horizon from China. Why wait until the end of the month?

LOL! i remember you shithole! you were stating the EXACT SAME BULLSHIT back in July at Bitcoin prices around 70$. "why not sell at 70$ when you know that 50$ will be reached?"

The SAME WORDING! LOL! Except of course the China part. Go f---- yourself.

Check my posts. I was one of the few screaming BUY BUY BUY last summer.

i remember your exact wording, your name and your dumb avatar. and YOU KNOW IT.

Just stick him on ignore like the rest of us.  Same goes for TheCoinBull after the last few days.

[damiano]

bottom appears to be in, in china.  the buying begins

Hope so

I think we're oversold right now

[adamstgBit]

It surprises me that no one see's the obvious. Large manipulators wait for negative PR and then take the opportunity to start the drop, knowing that people will attribute it to the news and panic.

Holding is not because you're sticking with your internet friends, its because by and large individual amateur investors are going to have a really hard time timing the market properly and not losing money. You will lose less if you just step away and stop thinking about it. It's either going to be worth millions or nothing at all. You joined up for this ride, so don't quit your day job.

And please, stop complaining.

This.

I don't think many people here realise what it means now these Wall St. sharks are circling and amongst us ... they'll be picking you off one at a time like the ripe fat whales you are.

I've been watching/trading the Gold market for 18 years and you guys have no fucking clue what's coming ... it's not going to be pretty.

From here on out, either you're in bitcoin for the long haul and the protection of assets it provides or you're gonna lose most everything .... especially if you think you can out trade these guys with their trading algorithms, bots, deep pockets and propaganda machine ... they'll out psyche you every time and then take your money when you are beat ...

You've been warned. Get real or get out now.

I like to think that when I trade its to help stabilize the market to find the true value, and the market rewards me  

[GaliX]

is there any line left that could mean some resistance before the bottom?