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Author Topic: CEO of BitInstant arrested.  (Read 2463 times)
humanitee
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January 27, 2014, 08:25:59 PM
 #21

This is still bullshit. The 1 hour candle goes from $800 to $750 on there, same as stamp.

Just wait.

 Cry

I am. Been waiting for 2 weeks.

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January 27, 2014, 08:30:15 PM
 #22

Ok I apologize for the 10% figure, if you are interested how I derived that I looked at the percentage scale btc-e chart, on tradingview and the lower candlewick was at -10%. Now here is a task for you: find out the time of Charlies arrest, compare it with the chart and derive the real magnitude of that dump.

But then you could stop nit-picking and address the centerpoint of the issue: Charlies arrest made the price of Bitcoin go down, which is kind of dumb.
humanitee
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January 27, 2014, 08:35:08 PM
 #23

Ok I apologize for the 10% figure, if you are interested how I derived that I looked at the percentage scale btc-e chart, on tradingview and the lower candlewick was at -10%. Now here is a task for you: find out the time of Charlies arrest, compare it with the chart and derive the real magnitude of that dump.

But then you could stop nit-picking and address the centerpoint of the issue: Charlies arrest made the price of Bitcoin go down, which is kind of dumb.

And the Russia news, which isn't so dumb and might be the major contributing factor.

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January 27, 2014, 08:40:36 PM
 #24

Fair point, but then I don't think anybody really knows what to make of it yet.
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January 27, 2014, 08:43:53 PM
 #25

about this treat ...

the main thing... I think is about how to print a 3D weapon ... undetectable like



how how how ?

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January 27, 2014, 08:48:29 PM
 #26

Oh look guys! Bankers and Govs can finally say that bitcoin is used for money laundering




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January 27, 2014, 08:50:38 PM
 #27

I can make a paper model for you if you'd like.
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January 27, 2014, 08:52:29 PM
 #28

Oh look guys! Bankers and Govs can finally say that bitcoin is used for money laundering

Therefore, the end.  Confirmed.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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January 27, 2014, 09:56:12 PM
 #29

Shrem's arrest? Very bullish. Why do I say that? Irrational bulltard? No, I don't think so. When you check out the facts...

-Shrem arrested for his involvement in "laundering"*** $1 million to Silk Road sellers

-HSBC caught red-handed laundering billions, with a B, to terrorists and drug cartels - No one arrested

-FBI, DEA, CIA, multiple other government agencies caught red-handed colluding with mexican drug cartels and even outright smuggling cocaine into the country - No one arrested.

It's bullish because, yet again, it exposes those in charge in a very bad way. Yet another message from .GOV - "if you launder money, you'll get in trouble - unless you're us, or a big bank."
Seeing as bitcoin is specifically designed to make it very difficult for government to fuck with currency, this preferential treatment is good for Bitcoin in the same way that the Cyprus "haircut" was good for Bitcoin.

*** Did I put laundering in quotation marks because I am a anarcho-tard libtardarian tinfoilhat-wearing lunatic? No, I  put it in quotation marks because as anyone who studies general semantics would know, words can be used in very different ways, and the way the government uses the term "money laundering," as reflected by its preferential treatment to certain types of criminals, is very different than the way someone like myself would use the term. So the quotation marks affect the differences in abstraction to avoid potential misunderstandings.
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January 27, 2014, 10:15:11 PM
 #30

Oh look guys! Bankers and Govs can finally say that bitcoin is used for money laundering

wow ...

push miners ... to the golden bottom

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January 27, 2014, 10:39:31 PM
 #31

The arrest is bullish because big money wants in so they want druggies out.

Bitcoin is far too useful and powerful to be left to the small time dealers and launderers. Thanks for bootstrap kids, now be off with you.

Blatantly timed to the New York hearings, it's simple stick and carrot. Because we can deal with these legacy bad apples, you can have this good business stamp of approval in the next few days.

This sell is like the SR bust, lots of panicky flapping, then, with scene a bit cleaner another level of buyer can come in. It was that demonstration of apparent state control that fired the rise last summer. This will do so again.
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