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

[MAbtc]

The word "faith" is the giveaway.  "Faith" in a seized asset has no relevance in a criminal court case such as this:  "Your honour, the Defence Department does not have 'faith' in the market for Picasso's art work and wishes to liquidate the painting recently seized by Mr. BigMobbDude.  You honour, we must act fast, or the bottom may drop out of the market!"

The words "dealing with volatility" is another giveaway: the coins are just sitting in a bitcoin address--there is nothing to "deal with."

The fact that the story is super fishy aside, I'd be surprised if the feds were unable to achieve civil forfeiture. Conviction is not necessary. People have assets civilly forfeited all the time absent conviction. Besides, It's clear that Ulbricht is cooperating at this point, so emphasis on conviction is pretty much moot, anyway.

[Peter R]

The word "faith" is the giveaway.  "Faith" in a seized asset has no relevance in a criminal court case such as this:  "Your honour, the Defence Department does not have 'faith' in the market for Picasso's art work and wishes to liquidate the painting recently seized from Mr. BigMobbDude.  You honour, we must act fast, or the bottom may drop out of the market!"

The words "dealing with volatility" is another giveaway: the coins are just sitting in a bitcoin address--there is nothing to "deal with."

plea bargain. it's not going to court

The point is that if the coins are to be sold, they will be sold at an auction, regardless of any "faith" the government may or may not have.  

[MAbtc]

LOL, yeah, it was the FBI story that caused the drop. 

[Walsoraj]

TechCrunch article appeared only an hour ago. Not all over Reddit yet.... Can't wait.

[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.

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

You do stabilize ... if you are successful.

If not, like buy high sell low, you destabilize the market. But then - natural selection will take care of you. Don't take my word for it. Darwin said it first, and he said it good.

[marcus_of_augustus]

Too much respect - borderline asslicking.

I hate these guys guts ... just do not under-estimate them and the pawns/tools outside finance they have access to, including media, courts, regulators, govt. to create temporary perceptions of over-supply.

Bitcoin's true weapon against these bastards is genuine scarcity ... and global demand is rising, fast.

[thefunkybits]

Wow I can breathe now! what a ride that was  

[N12]

TechCrunch article appeared only an hour ago. Not all over Reddit yet.... Can't wait.

It was downvoted to the second page after it reached the first one: http://www.reddit.com/r/Bitcoin/comments/1uo12r/a_source_in_the_us_justice_department_said_that/ Now it's downvoted to oblivion.

Bitcoin cultists cannot handle anything that is not 2damoon.

[Walsoraj]

Moved all of my bids in the $10-20 range. I suggest you all do the same.

[Walsoraj]

TechCrunch article appeared only an hour ago. Not all over Reddit yet.... Can't wait.

It was downvoted to the second page after it reached the first one: http://www.reddit.com/r/Bitcoin/comments/1uo12r/a_source_in_the_us_justice_department_said_that/ Now it's downvoted to oblivion.

Bitcoin cultists cannot handle anything that is not 2damoon.

Agree. If they were smart, they'd immediately load up on Dogecoin. 

[zakalwe]

Perfect storm approaching: Obvious manipulation on Houbi. All China exchanges getting shut down by end of Jan. China's eBay just banned sales of miners. FBI knows something we don't and has lost faith in bitcoin.

The end is near.

LOL

you are a funny guy. Stop smoking weed dude  

[N12]

Ignore it, just like China in the beginning. Actually, try spin it into good news. If the FBI sells Bitcoins, then that probably means it's a currency now.

[optimi]

TechCrunch article appeared only an hour ago. Not all over Reddit yet.... Can't wait.

So, the only question is: How far will this drop?

Single digits, cents or negative numbers?

[N12]

TechCrunch article appeared only an hour ago. Not all over Reddit yet.... Can't wait.

So, the only question is: How far will this drop?

Single digits, cents or negative numbers?

It will go to negative infinity, a debt to swallow the whole universe before it implodes.

Nice knowing you guys.

[Walsoraj]

The author has published tons of articles. http://techcrunch.com/author/john-biggs/

It's legit folks.

[Davyd05]

Perfect storm approaching: Obvious manipulation on Houbi. All China exchanges getting shut down by end of Jan. China's eBay just banned sales of miners. FBI knows something we don't and has lost faith in bitcoin.

The end is near.

LOL

you are a funny guy. Stop smoking weed dude  

it ain't weed that makes him think like that.

he just wants to be a manipulator as well,

[damiano]

Moved all of my bids in the $10-20 range. I suggest you all do the same.

Keep dreaming

[N12]

The author has published tons of articles. http://techcrunch.com/author/john-biggs/

It's legit folks.

Doesn't matter. Bad for my finance = Downvote.

Fucking bankers and their manipulation, am I right?

[Walsoraj]

Perfect storm approaching: Obvious manipulation on Houbi. All China exchanges getting shut down by end of Jan. China's eBay just banned sales of miners. FBI knows something we don't and has lost faith in bitcoin.

The end is near.

LOL

you are a funny guy. Stop smoking weed dude  

it ain't weed that makes him think like that.

he just wants to be a manipulator as well,

Because I post about facts, as opposed to continuous wild speculation that BTC will reach $1,000,000 by Friday? lawl. 

[gentlemand]

It must be quite restful being a relentless FUDer. You just copy and paste the same sentiments over and over and over again with perhaps the odd nod to current events if you can be arsed.

Try some new attitudes every now and then. You might find it lots of fun.