Bitcoin Forum

Economy => Speculation => Topic started by: pera on November 19, 2013, 07:14:23 PM



Title: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: pera on November 19, 2013, 07:14:23 PM
Today is the 2nd of the hearings, at 3:30 EST. You may watch it in C-SPAN3:
http://www.c-span.org/Live-Video/C-SPAN3/ (http://www.c-span.org/Live-Video/C-SPAN3/)

First panel:
  • Jennifer Shasky Calvery (Financial Crimes Enforcement Network)
  • David Cotney (Commissioner of Banks, Massachusetts Division of Banks)

Second panel:
  • Anthony Gallippi (Co-founder and CEO BitPay, Incorporated)
  • Mercedes Kelley Tunstall (Partner and Practice Leader, Privacy and Data Security Group, Ballard Spahr LLP)
  • Sarah Jane Hughes (University Scholar and Fellow in Commercial Law, Maurer School of Law, University of Indiana)
  • Paul Smocer (BITS President, Financial Services Roundtable)

http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_id=955322cc-d648-4a00-a41f-c23be8ff4cad (http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_id=955322cc-d648-4a00-a41f-c23be8ff4cad)

feelings? :P


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: the_sunship on November 19, 2013, 07:17:08 PM
it will be bullish. probably will trigger another major push up....

if I could actually buy some coins I would, but alas - bitstamp and coinbase are messing with me.


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: Ozymandias on November 19, 2013, 07:19:55 PM
BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: windjc on November 19, 2013, 07:22:34 PM
BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe.  We won't see ATHs again for several days or weeks potentially.


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: seleme on November 19, 2013, 07:30:11 PM
when does it start?


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: Boxman90 on November 19, 2013, 07:35:26 PM
BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe.  We won't see ATHs again for several days or weeks potentially.

No, it was well planned out. Whenever you want to make a big move (either up or down), it will have the best effect when everybody is on edge because there's an allegedly big "news event" going on. People will use the news to rationalize any ridiculous change and act on it. With no news, a sudden sharp rise or crash will be much better absorbed by the market.


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: CoinHoarder on November 19, 2013, 07:35:58 PM
when does it start?
In a hour


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: wtfvanity on November 19, 2013, 07:40:33 PM
BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe.  We won't see ATHs again for several days or weeks potentially.

Quite probably, not even until December!


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: freebird on November 19, 2013, 08:48:56 PM
Very positive comments by Sen. Warner and Sen. Merkley. Warner compared bitcoin to the rise of cell phones. Merkley talked about a business in his home state that accepts bitcoin. Both of them showed actual glee on their faces when they talked about how much the price has gone up.


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: theonewhowaskazu on November 19, 2013, 09:30:33 PM
I'm legitimately surprised at how the senators actually considered it a form of actual payment. I expected that they'd focus almost exclusively on the negative aspects of Bitcoin./


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: antimattercrusader on November 19, 2013, 09:33:23 PM
This is all great news. I detect no hostility by these officials against bitcoin. We shall see what actually happens and if the banks or some other group somehow conviences them otherwise through covert means. I hope not, this IS the future.


Title: Re: 2nd US Senate hearing: Banking Committee, BitPay and more
Post by: bitcon on November 19, 2013, 10:27:06 PM
BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe.  We won't see ATHs again for several days or weeks potentially.

No, it was well planned out. Whenever you want to make a big move (either up or down), it will have the best effect when everybody is on edge because there's an allegedly big "news event" going on. People will use the news to rationalize any ridiculous change and act on it. With no news, a sudden sharp rise or crash will be much better absorbed by the market.


proof of this is when the senate meeting started yesterday coincided with a huge dump.