Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Monday, April 22, 2013

Who Are The Characters Behind Bitcoin Market Manipulation?

This post has been circulating on Pastebin

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===OPERATION SHOCK AND AWE
===Date: Monday 2013-04-22
===Start time of event: 15:30 UTC
===Goal: Bring bitcoin price < $30 US dollars

Members, here it is, today's timeline of events.

15:30-15:45 UTC - Spread bogus AP press releases to 50+ national US and British media outlets and 100+ local outlets indicating exchange site Mt. Gox under investigation by Japnese government for securities fraud, with seizure and asset freeze soon
15:45-16:00 UTC - After initial publication of bogus AP press releases, spam story on reddit and upvote with sock accounts, spread panic in comments using sock accounts
16:00 UTC - Several sellers lined up for a coordinated dump of 250,000+ BTC which will crash the price to under 100 to correlate in time with publication of bogus AP reports
16:10 UTC - Massive coordinated http packet flood (distributed F5) from botnet of 1,000,000+ compromised machines on the following sites:
- https://www.mtgox.com
- https://btc-e.com
- https://www.coinbase.com
- https://www.bitpay.com
- https://www.bitinstant.com
- https://www.bitcoitalk.org
- http://s2.bitcoinity.org
- http://bitcoinium.com/
- http://bitcoincharts.com/

16:30 - 17:00 UTC - During the ddos, buy only from Bitstamp which will not be included in the ddos but was included in the coordinated dump.
17:00 UTC - Stop ddos, buy as much cheap bitcoin from MTGOX as possible as quickly as you can
17:00 or later - Bogus AP reports will be corrected / debunked as hoax, price will rebound
Potential profit 200-300%

You all know your stations, distribute this paste to the rest of the group as it won't last long on the hidden wiki. Don't let this get out to the public, we need the price to remain high at 120 leading up to the event for maximum effect.

~~ PREPARE FOR SHOCK AND AWE ~~

Wednesday, April 10, 2013

Bitcoin Recovers From First Crash Within Hours - Story Unfolds On Reddit


Via Ars Technica

Plunge Happens On The Same Day One Anonymous Redditor Made It Rain In Bitcoin





On Wednesday afternoon, the Bitcoin bubble appears to have burst. As of this writing, its current value is around $160—down from a high of $260. (It fell as low as $130 today.) There is no obvious explanation for why the digital currency has fallen so far and so fast, although the market correcting after such a huge rise might be a good explanation. (Update 4:05pm CT: Bitcoin seems to have somewhat recovered and appears to be hovering around $200. Update 6:00pm CT: The exchange rate has fallen back to around $160.)

Some redditors have taken solace in a comment thread entitled "Hold Spartans."

"This is just the market venting some pressure after these huge gains," wrote anotherblog. "To be honest I'm glad it's happening now. If it recovers, it will demonstrate resilience in the market and give confidence to future buyers and current holders that they don't need to panic sell, reduce the chances of a crash in the future."

Coincidentally, the plunge came several hours after a reddit user by the name of "bitcoinbillionaire" suddenly, spontaneously decided to give away around $12,000 (more than 63 BTC) worth of the digital currency. Bitcoinbillionaire rewarded 13 seemingly random redditors, then stopped the whirlwind spree after about eight hours. At the moment, no evidence links the currency's plunge with this random reddit charity.


Bitcoinbillionaire took advantage of reddit’s Bitcointip mechanism, which allows users to send each other small amounts of cash (usually less than $5). The mysterious benefactor appears to have given away 20 BTC (now worth slightly less than $4,000) as his or her first gift to one Karelb. This gift happened under a comment titled: “I wish for the price to crash.” That comment now seems prophetic.

A look at the account transferring all this money shows that two hours before the giveaways began, Bitcoinbillionaire received 50 BTC (about $9,500) from another account without an IP address.


Business Insider reported that Bitcoinbillionaire has left hints that he or she was an "early adopter," and had forgotten he or she even had any bitcoins. Not much is known beyond that, as Bitcoinbillionaire vanished as suddenly as he or she appeared.

"You've made me change my mind about this whole thing," Bitcoinbillionaire wrote. "I'm done."

Don’t feel bad if you missed the action. Business Insider also notes that this pot of cash is now being “paid forward.”

Saturday, April 6, 2013

The 21st Century Gold Standard: Bitcoin!

Via Nasdaq

Gold and silver have been in a bear market for the past two years, but a private alternative currency is all the rage and has tripled in value this year! Bitcoin is a private digital currency, created in 2009, which now has a monetary base of $1 billion. It is in many ways like a gold standard with limited supply and no central bank or government control. But, unlike the gold standard, there are no storage fees. The supply of Bitcoins is strictly limited by the owners who can only create more by solving complex mathematical problems that grow more difficult over time. In other words, real resources are used to make more Bitcoins.

As you can see from the chart below, the price of Bitcoins has skyrocketed this year -- it is seen as a private alternative to government money, or even gold, in a time of crisis (such as the Cyprus debacle).

Monday, April 1, 2013

Did Tech Crunch Fall For A Preposterous April Fools Saying Bitcoin Has Crashed While At Record Highs?

Bitcoin Value Surpasses $100 American This Week




Tech Crunch Recently Posted An Article Claiming Bitcoin Crashed, Then Immediately Removed It



You can view a cached copy here