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

[Raystonn]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

Please don't feed the trolls, or quote them.

[Mervyn_Pumpkinhead]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the majority of bitcoin speculators show towards finding out what happened to those coins, shows how immature the market really is.

[blatchcorn]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is.

I think they got stolen by Mark 

Anyway, if criminals were that short-term, wouldn't they have dumped them before the collapse happened?  They would have got the highest price possible for them at the point

[BTCfan1]

what's the latest with the auction? that one bidder won everything?



when do we expect the winner to announce themselves? I say by july 7

[dwdoc]

What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.

You absolutely have, you just aren't aware of it.  Merchants are charged fees by the CC processors and those are passed onto you, the customer.  Don't think you're not paying for that shit one way or another just because you don't see the charge first hand.

Not only will merchants begin to offer bitcoin discounts because of the lower overhead compared to cc's but as A. Antonopoulus explains once the rising (deflationary) value of bitcoin is recognized by merchants they will have as much incentive to obtain bitcoins vs. fiat as hoarders have and will discount bitcoin prices accordingly.

[zby]

what's the latest with the auction? that one bidder won everything?



when do we expect the winner to announce themselves? I say by july 7

I would not count on him announcing this at all. On July 7 it would be probably below the current exchange price (if it is not yet) - so it would not be in his interest.

[Mervyn_Pumpkinhead]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is.

I think they got stolen by Mark  

Anyway, if criminals were that short-term, wouldn't they have dumped them before the collapse happened?  They would have got the highest price possible for them at the point

I'm also not ruling out of the chance, that the coins were stolen by Karpeles & accomplishes.

As long as there is hope in the general sentiment, then there won't be a big dump coming. I meant short-term more in the context of this forum, where most believe that bitcoin will be used for hundreds of years, and who are ready to go down with the ship, sort of speaking.
The loud cultists and lobbyists are giving hope that the price will rise, because the price hasn't stagnated for too long. If the cultists will start to have doubts, then the end is nigh.
And I don't think that the end will come in the coming months. Before the end happens, bitcoin has to fail in Wall Street, because WS is the main pilar of hope right now. As long as there is hope that simpleton billionaires will start to buy up bitcoin, then the criminals are also on hold with their coins.

[ChartBuddy]

Explanation

[spooderman]

Credit cards are awful. Identity theft is awful. Chargebacks are awful. A whole industry being dedicated to credit card fraud is awful and unnecessary. Merchants being forbidden to pass the cost of the credit cards onto their consumers directly is awful.

Cash is easily lost, stolen, destroyed.

We need something much better. We have something much better.

Troll harder.

[Wary]

when do we expect the winner to announce themselves? I say by july 7

He will never do. Because it was Satoshi himself. He needs more bitcoins  

[600watt]

BREAKING NEWS ---- BREAKING NEWS ----


newsweek reveals photo of the man who won all the usms bitcoin bids:










Leah McGrath Goodman, who revealed this astonishing news said: "he is american, he knows about bitcoin - and hey - check his name (!) and you will see that it could only be him."

[zby]

It looks like the traders are insensitivized for good news - too much in a raw and the don't notice it any more

[Davyd05]

Wonder if the lag currently is due to the refunds being processed then wired off to the exchanges.

[Room101]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is.

I think they got stolen by Mark  

Anyway, if criminals were that short-term, wouldn't they have dumped them before the collapse happened?  They would have got the highest price possible for them at the point

I'm also not ruling out of the chance, that the coins were stolen by Karpeles & accomplishes.

As long as there is hope in the general sentiment, then there won't be a big dump coming. I meant short-term more in the context of this forum, where most believe that bitcoin will be used for hundreds of years, and who are ready to go down with the ship, sort of speaking.
The loud cultists and lobbyists are giving hope that the price will rise, because the price hasn't stagnated for too long. If the cultists will start to have doubts, then the end is nigh.
And I don't think that the end will come in the coming months. Before the end happens, bitcoin has to fail in Wall Street, because WS is the main pilar of hope right now. As long as there is hope that simpleton billionaires will start to buy up bitcoin, then the criminals are also on hold with their coins.

lol...."simpleton billionaires" "Stupid criminals"....lol.....pretty sure every single billionaire and probably most criminals are a lot smarter than you are.

"Most of the bitcoin cultists don't understand the psychology of criminals."..... but you do right? You have a deep understanding, dammit you understand them better than they understand themselves don't you? It's because you are so smart right? And the only reason you are still poor, still wasting your time trolling blogs in your parents basement, is because you have been unlucky right? The world is full of morons who just don't understand the deep insights you have to offer. One day, everyone will acknowledge your brilliance, because you just know how much smarter than everyone else you are. And the fact that you are a broke loser does not at all change that fact.

I get it.

Could you please tell me some more of your brilliant insights into the criminal mind? Please?

Oh and thank you for coming here and so brilliantly pointing out all we had missed. What would we do without you?

Actually you can do it later, i think i hear mummy telling you to clean your room.

[exponential]

BREAKING NEWS ---- BREAKING NEWS ----

newsweek reveals photo of the man who won all the usms bitcoin bids:



Leah McGrath Goodman, who revealed this astonishing news said: "he is american, he knows about bitcoin - and hey - check his name (!) and you will see that it could only be him."

  Good one man

[sidhujag]

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

Your assuming the coins got hacked to begin with

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is.

I think they got stolen by Mark  

Anyway, if criminals were that short-term, wouldn't they have dumped them before the collapse happened?  They would have got the highest price possible for them at the point

I'm also not ruling out of the chance, that the coins were stolen by Karpeles & accomplishes.

As long as there is hope in the general sentiment, then there won't be a big dump coming. I meant short-term more in the context of this forum, where most believe that bitcoin will be used for hundreds of years, and who are ready to go down with the ship, sort of speaking.
The loud cultists and lobbyists are giving hope that the price will rise, because the price hasn't stagnated for too long. If the cultists will start to have doubts, then the end is nigh.
And I don't think that the end will come in the coming months. Before the end happens, bitcoin has to fail in Wall Street, because WS is the main pilar of hope right now. As long as there is hope that simpleton billionaires will start to buy up bitcoin, then the criminals are also on hold with their coins.

lol...."simpleton billionaires" "Stupid criminals"....lol.....pretty sure every single billionaire and probably most criminals are a lot smarter than you are.

"Most of the bitcoin cultists don't understand the psychology of criminals."..... but you do right? You have a deep understanding, dammit you understand them better than they understand themselves don't you? It's because you are so smart right? And the only reason you are still poor, still wasting your time trolling blogs in your parents basement, is because you have been unlucky right? The world is full of morons who just don't understand the deep insights you have to offer. One day, everyone will acknowledge your brilliance, because you just know how much smarter than everyone else you are. And the fact that you are a broke loser does not at all change that fact.

I get it.

Could you please tell me some more of your brilliant insights into the criminal mind? Please?

Oh and thank you for coming here and so brilliantly pointing out all we had missed. What would we do without you?

Actually you can do it later, i think i hear mummy telling you to clean your room.

I think he is pointing out to the math about 1% of billionaires investing in bitcoin leading to $10k+.. atleast thats what I think he means.

[elebit]

If the order books are shallow, could you potentially make a huge market dump to your own buy order, to create a panic and pick up some "real" sells in the process?

Of course. I'd be surprised if people didn't do it all the time. But it sounds terribly risky to me.

After your dump, the order book is pretty much empty in the range it fell. You couldn't even buy back your dumped coins without paying a premium, unless other people continued your dump.

If your dump is small and scares no one it can get expensive fairly quick.

[ChartBuddy]

Explanation

[spooderman]

chartbuddy be blazin dat kronik.

[cech4204a]

Am i the only one around here that feels break at this point?  There are 10.500 BTC to be bought at Stamp till price hits 1000$, thats high enough anyways, but lower than it was 1 week ago.