Analysis

[Okurkabinladin]

Any thoughts on this count?

Interesting, I saw similar analysis yersteday. What is timescale, Han?

[1713906422]

1713906422

[1713906422]

1713906422

[firstcrypto]

Looks like it broke up again on all exchanges... If it goes past the ATH now its going to go ballistic. It was a remarkably ugly wedge, it may be a trap.

[masterluc]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

[Tzupy]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

It should be possible to track the movement of such a large sum to the exchanges.
But I still don't know how, do you?

[lucas.sev]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

It should be possible to track the movement of such a large sum to the exchanges.
But I still don't know how, do you?

There is a whole topic on that subreddit with a guy dedicated to tracking it.

[ag@th0s]

Edit: thoughts from anyone who's not a fuckwad?

Agreed.  I apologise, I shouldn't come on the forums when I'm pissed and in a bad mood.

[Manna]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

Panic Selling incoming from weak hands I guess

[ElectricMucus]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

You are telling us you went full bear? Just asking

[Rampion]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

At least 96k. There are other suspicious addresses (many of them), but seems highly unlikely that that market could have had such a massive volume (+200k coins), especially considering that SR had only 27k in users funds when it was shut down. Nevertheless:

1) after the media attention to SR the number of black market usets is growing exponentially. BMR is closing because it cannot handle the amount of traffic, in fact there are real concerns about Tor not being able to scale in order to accommodate services with such a huge amount of users.

2) the genie is out of the bottle. Some thought that after SR the "black market use" of Bitcoin was going to disappear. They were delusional. In fact, smart contracts and other applications of the block chains are a killer app for the black market. This is growing, day by day. The insane amount of BTC stolen by such an amateur operation as sheep market is very telling. Compare that to the amount of coins stolen from inputs.io or GLBS. Probably not even Gox is holding 100k BTC of it's users at this moment. Sheep market did.

3) the operator of sheep market was an amateur. He has been doxed. Probably he will end up behind bars soon, and in any case he will have a hard time cashing out the coins. Look at how he is desperately trying to launder them: it's pathetic and amateurish, you just cannot launder 100k coins as he is trying to do because there aren't another 100k from other users to mix you coins with. Either he cashes out in small chunks from localbitcoins, either he is caught very soon.

[ElectricMucus]

3) the operator of sheep market was an amateur. He has been doxed. Probably he will end up behind bars soon, and in any case he will have a hard time cashing out the coins. Look at how he is desperately trying to launder them: it's pathetic and amateurish, you just cannot launder 100k coins as he is trying to do because there aren't another 100k from other users to mix you coins with. Either he cashes out in small chunks from localbitcoins, either he is caught very soon.

What if he boldly sell them on an exchange? Who's gonna stop it? Who will sue him?
And why should he be in any hurry to dump?

[Rampion]

3) the operator of sheep market was an amateur. He has been doxed. Probably he will end up behind bars soon, and in any case he will have a hard time cashing out the coins. Look at how he is desperately trying to launder them: it's pathetic and amateurish, you just cannot launder 100k coins as he is trying to do because there aren't another 100k from other users to mix you coins with. Either he cashes out in small chunks from localbitcoins, either he is caught very soon.

What if he boldly sell them on an exchange? Who's gonna stop it? Who will sue him?
And why should he be in any hurry to dump?

Nobody will sue them, LE will arrest him with similar charges as per DPR. They already have its full dox.

If he boldly sell the coins on an exchange he will get caught immediately after.. All kinds of AML/KYC procedures are triggered at both the exchange and bank level when somebody tryies to cash out dozens of millions quickly. Bitcoin liquidity is still a joke.

Secondly, just look at the guys Facebook and at the amateurish mistakes he made leading to his dox. Look at how ridiculously badly coded was the SMP. And finally, amuse yourself watching how the guy is desperately trying to tumble the coins, failing hard because he is anxiously trying to tumble all of them instead of leaving the big stash in a few addresses and tumbling just a few hundreds every day (the only way to effectively launder such an amount). He is mixing his own coins over and over, that is very telling - he is an amateur and he is anxious.

[lucas.sev]

3) the operator of sheep market was an amateur. He has been doxed. Probably he will end up behind bars soon, and in any case he will have a hard time cashing out the coins. Look at how he is desperately trying to launder them: it's pathetic and amateurish, you just cannot launder 100k coins as he is trying to do because there aren't another 100k from other users to mix you coins with. Either he cashes out in small chunks from localbitcoins, either he is caught very soon.

What if he boldly sell them on an exchange? Who's gonna stop it? Who will sue him?
And why should he be in any hurry to dump?

Nobody will sue them, LE will arrest him with similar charges as per DPR. They already have its full dox.

If he boldly sell the coins on an exchange he will get caught immediately after.. All kinds of AML/KYC procedures are triggered at both the exchange and bank level when somebody tryies to cash out dozens of millions quickly. Bitcoin liquidity is still a joke.

Secondly, just look at the guys Facebook and at the amateurish mistakes he made leading to his dox. Look at how ridiculously badly coded was the SMP. And finally, amuse yourself watching how the guy is desperately trying to tumble the coins, failing hard because he is anxiously trying to tumble all of them instead of leaving the big stash in a few addresses and tumbling just a few hundreds every day (the only way to effectively launder such an amount). He is mixing his own coins over and over, that is very telling - he is an amateur and he is anxious.

If I knew I would get caught anyway I would dump them just to see the world burn.

[bitcodo]

I sometimes wonder. Are people really so stupid, or is this just disguise.

[Odalv]

3) the operator of sheep market was an amateur. He has been doxed. Probably he will end up behind bars soon, and in any case he will have a hard time cashing out the coins. Look at how he is desperately trying to launder them: it's pathetic and amateurish, you just cannot launder 100k coins as he is trying to do because there aren't another 100k from other users to mix you coins with. Either he cashes out in small chunks from localbitcoins, either he is caught very soon.

What if he boldly sell them on an exchange? Who's gonna stop it? Who will sue him?
And why should he be in any hurry to dump?

At what exchange will he sell them ? How many exchanges can handle 96k coins. ... and withdrawn $$

[Okurkabinladin]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

Panic Selling incoming from weak hands I guess

Then you are definition of full retard and I mean it. If anyone on this forum has reliable analysis track record, it´s Masterluc.

[beaconpcguru]

Why would he even need to cash out?  What prevents them from being tumbled through several tumblers, in much smaller amounts, and forwarded to different exchanges registered under different fake aliases and selling them all and recouping all "new" coins from rebuying and reconsolidating the "winnings" into smaller wallets.  It does not seem so far fetched to me that these will make it to several exchanges eventually one way  or the other.

[JustAnotherSheep]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

Panic Selling incoming from weak hands I guess

Then you are definition of full retard and I mean it. If anyone on this forum has reliable analysis track record, it´s Masterluc.

While I tend to agree with lucif I'm not sure he has the necessary facts on this to draw such an assumption.

Those 96k could end up in cold storage for half a century for all we know. The only thing that's for sure is that they won't be sold all at once, unless of course lucas is on to something and this guy just wants to watch the world burn  

[Odalv]

http://www.reddit.com/r/SheepMarketplace/

96000 btc stolen =) Good luck bulls

lol, lucif is back again

[seleme]

Well, this time I won't agree with him. He was bull 3-4 days ago and now suggests that Sheepmarket theft will cause price to go down.

That's obvious bullshit as there's no single chance that guy will start selling his coins for fiat anytime soon. He'd be busted in no time.

[firstcrypto]

The wedge that is forming is a continuation pattern. Rally will continue.

https://i.imgur.com/8PB0fWk.jpg

http://www.trending123.com/media/free/patterns/b4a50500.png