Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I wasn't watching the past 3 days- did something actually happen or just a reversal because, well, we didn't break $300?
http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/Thats it? People got robbed again?
And a criminal that scammed drug dealers out of $30+ millions (more than is currently sitting at the orderbooks in bids on all major exchanges combined) can dump whenever he feels like it. He's probably already doing it (and won't be finished for quite a while)
I don't buy it. The guy is going to dump $30 million on the exchanges and then what- kindly ask Coinbase/Bitstamp/Kraken for a Western Union? Heck, it's unlikely the exchanges would even let the guy get his BTC back out once they put it in. They aren't dumb, and the high-volume exchanges are known to ask "where did you get that money?" before giving it back.
No, this sounds like a group of professional whales, that sit around waiting for some media event of note, then they take advantage of it in concert to crash the market to mop up big-time.
Unless something really important has happened- I think people are being taken for a ride.....
Wanna hear a joke?
"Do you know why BTC-E never gets hacked?
Because the hackers wouldn't know where to launder their funds next"
BTC-E isn't so loosely run. It might looks like it, because that's it's "special trademark feature" but they aren't idiots.
A) BTC-E has been hacked before.
B) They aren't going to launder $30 million in drug money when....
C) They could at minimum confiscate it themselves.
BTC-E has kept users funds before, I find it highly unlikely they would let someone move millions of illicit funds through the exchange in a 36 hour period. Maybe over many months, but not days. Their FIAT still sits in a real bank somewhere after all.