MikeRoth

I like the drops as I sell off near the high, I can constantly buy back in during the drops for even more profit. Just as long as it doesn't start trending down.

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SexyCreativity

I was reading the other day something about how to really be anonymous with it you need to essentially chop up your bitcoins and 'launder' them through different services. I forget the exact details, but it did sound like you could be truly anonymous with it.

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MikeRoth

You can trace the transactions but there are ways of making it very hard and possibly impossible to trace. There are services which jumble the bitcoins across 100+ wallets for a few hours then slowly spits the coins back out into multiple wallets in small denominations. As far as I know the actual bitcoin hash cannot be traced.

If you're really dedicated and want to search the blockchain for a few years you would eventually find where the bitcoins went.

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MikeRoth

I have a well written kit on how to launder money through bitcoin anonymously from a well known money launderer on SilkRoad. I used to "sell" my USD cash for bitcoins for a 15-20% profit.

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Paul

Laws and trends happen just slow enough so your average person doesn't notice the change.

Look at the AML regulations banks have in the west and how little we're talking about before it's reported to some central reporting agency. Supposedly to protect against criminals etc when ironically the biggest crooks are the bankers etc

Take things like Twitter, you'd be mental to publish anything semi controversial on it, Christ even opinions are getting people sent to prison.

We're seeing increasing trends of people being arrested and sent to prison for some stupid comments they've posted on Twitter without thinking.

Penny24Seven

I should thank franck for getting my attention with this. I was into them long before but it was the last thing on my mind. Since his bitcoin hardon my buddy and about 35% of my money has bought and sold over 40 times now with a range of 11 dollars to 90 dollars profit per BC each time.
I know it sounds so easy but it goes up and down so much he has just bought low and sold higher every single time it went high and bought again when it goes back down. He got scared when it went past 160s and sold even though it went to 260 but bought again at 80. I'm talking over 1000 each time too. So google this shit and start with a grand and see what you can do.
So Franck if you ever make it back to America i'll buy you a bro drink and even give you a gun so you can protect yourself while here haha

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Dirty F

Interesting post at the bitcoin forum

Quote from: Gatekeeper on Today at 05:14:42 PM
i reckon the ddos might be linked to that failed attempt last night to push the price down, they lost about 15k coins with the sell off and walls eaten, maybe they're desperate for their coins back cheaply. Seems quite heavy attacks today.

now comes the big fake walls trying to push the price down in the lag, this is the time when i'd be happy for gox to stop trading, then the idiots doing this can't benefit

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I don't understand why someone would want to keep the price down. There's clearly someone or a group of people keeping it below $100. They slammed 4-5k coins into the rally yesterday that reached 98.5 pushing it down to 93-94. Then put up 25k worth of asks from 94-100. Those weren't old sells, half of them were from 94-98.5 that was just eaten. We know those were real because 5-6 hours later half the wall disappeared and someone dumped 11k of coins in 15 seconds into the bid wall trying to push it back. They put up ask walls trying to keep it down at 87.

That failed but they're still heavily protecting 95-100. I just don't really see why.

1) It's greatly decreasing volatility.
2) It's stabilizing the price
3) The longer it stays here the more people will actually believe this is a legitimate value for bitcoins (I'm not saying it is or isnt) Which does make it easier to rally it up (above $100) and rally it back up when it goes lower (then $90). Hard to believe someone is investing 2-3-4M to cement the physiological value of BTC.

Very little of that has to do with greed or making money at least short term. If they were greedy or wanted to make money they would have let the rally run to 110-120-130 then slammed the coins into it then and made a lot more money. It was clearly a goal to keep it under $100.

Can it really be some white knight of Bitcoin trying to stabilize the markets? The only big player who has the coins, has the money, who cares about the long term health of Bitcoin and the market, is MtGox.

Clearly someone is manipulating the market. And their goal isn't making money, at least in the short term. I just can't really figure the why or who part out. =)

dyna mo

what is a "wall"?

MikeRoth

A wall in this sense is referring to a very large amount of bitcoins on the ask or bid which is used to try to prevent the price of bitcoin from going higher (if its on the ask) or prevent it from going lower (if it's on the bid). When the price of bitcoin hits one of those "walls" of say 10,000 bitcoins and there's just not enough buying pressure of people trying to buy 10,000 bitcoins at that price it bounces and drives the price back down.

In the stock market world we call it "Stock blocking" :o

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dyna mo

i;ve got btc price jump alarms going off like crazy!


thx for that wall info

Bman

its like when 5 ugly chicks get together and dont allow their good looking friend to go home with you...in the meat market we call it "cock blocking"

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MainstreamGuy

haha what a fail. funny.