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

[macsga]

It's time to sell... go people sell all your coins!!! (to me)

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[Dragonkiller]

Winklevoss twins invested a lot in BitInstant, suckers

maybe that's why it suddenly shut down

[KFR]

It's time to sell... go people sell all your coins!!! (to me)

You took the words right out of my mind.

[macsga]

People are just stupid. Listening to FUD all the time and panicking for no apparent reason. There actually IS a reason to panic. That is PANIC HODL!

[humanitee]

there are rumors that some major bitcoin exchange CEO has been arrested!

https://twitter.com/jamielissette/status/427834726628732928

http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1 is the link I just found via Google..

SHREM, who personally bought drugs on Silk Road, was fully aware that Silk Road was a drug-trafficking website, and through his communications with FAIELLA, SHREM also knew that FAIELLA was operating a Bitcoin exchange service for Silk Road users. Nevertheless, SHREM knowingly facilitated FAIELLA’s business with the Company in order to maintain FAIELLA’s business as a lucrative source of Company revenue. SHREM knowingly allowed FAIELLA to use the Company’s services to buy Bitcoins for his Silk Road customers; personally processed FAIELLA’s orders; gave FAIELLA discounts on his high-volume transactions; failed to file a single suspicious activity report with the United States Treasury Department about FAIELLA’s illicit activity, as he was otherwise required to do in his role as the Company’s Compliance Officer; and deliberately helped FAIELLA circumvent the Company’s AML restrictions, even though it was SHREM’s job to enforce them and even though the Company had registered with the Treasury Department as a money services business.

Read more: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1#ixzz2rcMboH7L

Boom

If the bold part is true, lol.

[OldGeek]

Fiat ready.  How low is low?

[Vigil]

How are these guys who are so apt to technology and internet not effectively hiding what they are doing?

[humanitee]

How are these guys who are so apt to technology and internet not effectively hiding what they are doing?

Mistakes are easy to make.

[Holliday]

there are rumors that some major bitcoin exchange CEO has been arrested!

https://twitter.com/jamielissette/status/427834726628732928

http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1 is the link I just found via Google..

SHREM, who personally bought drugs on Silk Road, was fully aware that Silk Road was a drug-trafficking website, and through his communications with FAIELLA, SHREM also knew that FAIELLA was operating a Bitcoin exchange service for Silk Road users. Nevertheless, SHREM knowingly facilitated FAIELLA’s business with the Company in order to maintain FAIELLA’s business as a lucrative source of Company revenue. SHREM knowingly allowed FAIELLA to use the Company’s services to buy Bitcoins for his Silk Road customers; personally processed FAIELLA’s orders; gave FAIELLA discounts on his high-volume transactions; failed to file a single suspicious activity report with the United States Treasury Department about FAIELLA’s illicit activity, as he was otherwise required to do in his role as the Company’s Compliance Officer; and deliberately helped FAIELLA circumvent the Company’s AML restrictions, even though it was SHREM’s job to enforce them and even though the Company had registered with the Treasury Department as a money services business.

Read more: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1#ixzz2rcMboH7L

Boom

If the bold part is true, lol.

Pretty much. If you are going to try and run a "legit public business", don't fucking poke the bear in your spare time...

Let's give him the benefit of the doubt though, he allegedly did these all these things.

[macsga]

People are just stupid. Listening to FUD all the time and panicking for no apparent reason. There actually IS a reason to panic. That is PANIC HODL!

DONT HODL WHEN YOU SHOULD SHOTR!

HODL FOR LATER

CCMF COMING!

[adamstgBit]

Fiat ready.  How low is low?

its pretty low now....

could go lower tho

but it might go up!

you know... this is bitcoin!!!  

[deeplink]

Two more arrested for victimless non-crimes.
I feel sorry for these guys, but that's one of the risks you take when you live in the land of the free fee.

FTFY.

Thanks  

At this rate it shouldn't take too long before 99 percent of the US population is behind bars.

That will be interesting to watch. I wonder if anyone has done any scientific studies about how large a percent of the population is allowed to be in prison before the prisoners have enough power to simply say, "No."

Kind of like the studies on the amount of cars you can add until you gain "traffic".

If democracy would work, I'd say 51% can put the other 49% in prison. That would actually be an improvement over the system as it is now.

The 51% would be better off outright killing the 49%. The upkeep cost of having half the population in prison would be such a drain on the economy that the 51% wouldn't survive long.

Doesn't an increase in the prison-industrial complex create more GDP growth than the people it imprisons would if they were free? It wouldn't surprise me if imprisoning increases GDP, just like building hospitals increases GDP. You see, we need more sick people and criminals to grow the economy.

[Holliday]

Two more arrested for victimless non-crimes.
I feel sorry for these guys, but that's one of the risks you take when you live in the land of the free fee.

FTFY.

Thanks  

At this rate it shouldn't take too long before 99 percent of the US population is behind bars.

That will be interesting to watch. I wonder if anyone has done any scientific studies about how large a percent of the population is allowed to be in prison before the prisoners have enough power to simply say, "No."

Kind of like the studies on the amount of cars you can add until you gain "traffic".

If democracy would work, I'd say 51% can put the other 49% in prison. That would actually be an improvement over the system as it is now.

The 51% would be better off outright killing the 49%. The upkeep cost of having half the population in prison would be such a drain on the economy that the 51% wouldn't survive long.

Doesn't an increase in the prison-industrial complex create more GDP growth than the people it imprisons would if they were free? It wouldn't surprise me if imprisoning increases GDP, just like building hospitals increases GDP. You see, we need more sick people and criminals to grow the economy.

LOL! Yeah, sounds like a plan!

Broken window fallacy.

[OldGeek]

... snip ...

you know... this is bitcoin!!!  

Yup.  Speaking only of BTC-e, the bids and asks seem healthy enough for now.  Perhaps an uptick coming.

[fluidjax]

Lesson learnt.... always have some fiat ready

[gizmoh]

Night Out With Bitcoin Millionaire and Proud Stoner Charlie Shrem:

http://www.vocativ.com/12-2013/night-bitcoin-millionaire-proud-stoner-charlie-shrem/

[OldGeek]

$30 uptick incoming.  How soon is the question.

[macsga]

Might be big...
http://www.ibtimes.co.uk/bitcoin-price-crosses-1000-again-amid-emerging-market-sell-off-1433971

[Vigil]

Might be big...
http://www.ibtimes.co.uk/bitcoin-price-crosses-1000-again-amid-emerging-market-sell-off-1433971

Gox price is no way to judge what is happening... it is either being levitated or the result of ongoing withdraw issues.

[biafore]

Dismal projections is not my intentions, but anyone any thoughts too how china will respond. As I think most here have noticed for every 100 positive news articles it only take's 1 to degrade all positivity in the general bitcoin public.