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1981  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 23, 2013, 08:36:16 PM
Reversed Jaroslaw what problem do you have to propagate Gox in such a manner? Dump some coins, would better fit you... Please.

I only buy, no dumping.
1982  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 23, 2013, 08:29:41 PM
LOL@everyone moving coins to Bitsamp. Keeping money on any exchange not registered, or seeking registration, with Fincen is idiotic at this point. Any business intentionally or knowingly offering services to US citizens is subject to laws there. Period.

There might be an exception for a business when a very small, insignificant portion of its activities reach into US borders. But no way would Bitstamp fall into such an exception. I doubt any exchange would, considering the vast, vast majority of trading is by US citizens.

Think about it. If physically setting up shop on foreign land is sufficient to evade US laws, then why don't we see more foreign businesses selling dangerous products (exploding barbie dolls) or openly offering money laundering to US citizens? Laws and treaties. Dummies.

Bitstamp and BTCe going down by the end of the year, for sure. If you don't have your coins/fiat on Gox or CampBX, may as well just kiss them goodbye.
1983  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 23, 2013, 04:42:15 PM
https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583

Quote
FOR IMMEDIATE RELEASE
2013-132 Washington D.C., July 23, 2013 — The Securities and Exchange Commission today charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the U.S. dollar or used to purchase goods or services online.
The SEC alleges that Trendon T. Shavers, who is the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments through the Internet using the monikers “Pirate” and “pirateat40.”  Shavers raised at least 700,000 Bitcoin in BTCST investments, which amounted to more than $4.5 million based on the average price of Bitcoin in 2011 and 2012 when the investments were offered and sold.  Today the value of 700,000 Bitcoin exceeds $60 million.

The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities.  In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments.  Shavers also diverted investors’ Bitcoin for day trading in his account on a Bitcoin currency exchange, and exchanged investors’ Bitcoin for U.S. dollars to pay his personal expenses.

The SEC issued an investor alert today warning investors about the dangers of potential investment scams involving virtual currencies promoted through the Internet.

“Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.  “Shavers preyed on investors in an online forum by claiming his investments carried no risk and huge profits for them while his true intentions were rooted in nothing more than personal greed.”

According to the SEC’s complaint filed in U.S. District Court for the Eastern District of Texas, Shavers sold BTCST investments over the Internet to investors in such states as Connecticut, Hawaii, Illinois, Louisiana, Massachusetts, North Carolina, and Pennsylvania.  Shavers posted general solicitations on a website dedicated to Bitcoin discussions, and he misled investors with such false assurances about his investment opportunity as “It’s growing, it’s growing!” and “I have yet to come close to taking a loss on any deal,” and “risk is almost 0.”  Contrary to the representations made to investors, BTCST was not in the business of buying and selling Bitcoin at all.

The SEC alleges that Shavers, who lives in McKinney, Texas, paid 507,148 Bitcoin in investor withdrawals and purported interest payments.  He transferred at least 150,649 Bitcoin to his personal account at an online Bitcoin currency exchange.  Shavers suffered a net loss from his day trading, but realized net proceeds of $164,758 from his sales of 86,202 Bitcoin.  Shavers transferred $147,102 from his personal account at the online Bitcoin currency exchange to accounts he controlled at an online payment processor as well as his personal checking account.  He used this money to pay his rent, utilities, and car-related expenses as well as for food and retail purchases and gambling.

The SEC’s complaint charges Shavers and BTCST with offering and selling investments in violation of the anti-fraud and registration provisions of the securities laws, specifically Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5.  The SEC is seeking a court order to freeze the assets of Shavers and BTCST in addition to other relief, including permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and financial penalties.

The SEC’s investor alert, prepared by the agency’s Office of Investor Education and Advocacy, recommends that investors be wary of so-called investment opportunities that promise high rates of return with little or no risk, especially when dealing with unregistered, Internet-based investments sold by unlicensed promoters.

“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.  “Investors should understand that regardless of the type of investment, a promise of high returns with little or no risk is a classic warning sign of fraud.”
Cheesy Cheesy Cheesy Cheesy Cheesy
1984  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: July 23, 2013, 04:10:40 PM
by that logic each business have to follow the rules from customer home country, so you can have 200 legislation to follow

i wonder if sharia(iran, Saudi arabia) law also apply in here not just US law  

I don't follow ur logic. A business does not automatically offer services to the entire world. In fact, if Bitstamp is collecting info re citizenship, it should be very easy for it to deny serving customers in whichever countries it wishes. Also, incidentally/accidentally offering services vs knowingly/intentionally are key when determining jurisdiction.

Dummy.
when i open a account there they did no ask me for any documents

That's not a good thing.
1985  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: July 23, 2013, 04:03:22 PM
by that logic each business have to follow the rules from customer home country, so you can have 200 legislation to follow

i wonder if sharia(iran, Saudi arabia) law also apply in here not just US law  

I don't follow ur logic. A business does not automatically offer services to the entire world. In fact, if Bitstamp is collecting info re citizenship, it should be very easy for it to deny serving customers in whichever countries it wishes. Also, incidentally/accidentally offering services vs knowingly/intentionally are key when determining jurisdiction.

Dummy.
1986  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 23, 2013, 03:22:32 PM
In speculative markets, all trading is insider trading.
1987  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: July 23, 2013, 03:19:58 PM
If Bitstamp is doing business in the US, is it not subject to laws there, including FINCEN?

Does not using a bank in the US = not doing business in the US?

If a business is physically located on foreign land but is offering services to US citizens, is it not doing business in the US? Especially if a significant percent-maybe even most in Bitstamp's case-of its customers are located in the US?

Perhaps a forum-lawyer can jump in and help us with these questions.

I paid big monies to a US lawyer who advised both Bitstamp and BTCe are knowingly reaching into the States w/ services and therefore subject to the laws there. I forget the caselaw he mentioned, but there is a well-known case re: foreign entities being subject to jurisdiction. Maybe forum-lawyers can let us know?
1988  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: July 23, 2013, 01:38:00 AM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
1989  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 22, 2013, 06:40:02 PM
The question is though - what has changed since January? Granted, exposure has certainly increased - does that mean BTC is worth 6 times more, 7 months later?

During whole of its history it has been worth "not much" and dissecting the current price movements that (literally) I can create at will, does not lead us anywhere.

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
1990  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 22, 2013, 01:09:44 AM
Personally, what I find pathetic and ridiculous is not being able to acknowledge the realities of bursting and deflating bubbles and ignoring the evidence staring at your face. Suit yourself. Cheesy

Disagree, all the evidence clearly points to a coiled spring. Probably to $10,000 w/in weeks.

You just don't understand the "fundamentals."
1991  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 21, 2013, 11:18:08 PM
Hmmm...

I've got suspicions...

Who wants to help Walz compare that clark moody 3day abomination with mortgage rates over same period? I think we might learn something.
1992  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 21, 2013, 09:53:41 PM

I don't understand. Which down? Sideways down?


Zoom out to D3.  

/refuse

W1 and D3 make me sad  Undecided

Therefore, i deny their existence  Cheesy
1993  Economy / Speculation / Re: There will be blood on: July 21, 2013, 04:25:27 AM
maybe

or maybe not
1994  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 21, 2013, 03:22:26 AM
Coinseeker:

If I can push the price over 10,000$ by end of July, would you kindly lick my salty balls?

-Wals, ultranodetm
1995  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 21, 2013, 03:16:40 AM
1088 buy wall at $89...someone doesn't want the price to go down...

That is not even a wall. How long you been around here?

Also, when a wall get pulled (most do), the price moves TOWARDS the wall not away. Price manipulation 101, bro.

Dummy.

 Cheesy
1996  Economy / Economics / Re: Detroit Becomes Largest U.S. City To File Bankruptcy on: July 21, 2013, 02:45:15 AM
Only a matter of time before Robocop.  Cheesy Cheesy Cheesy
1997  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 20, 2013, 11:14:45 PM
Damn these whale dumpers. I'm covered in their shit and cannot keep us afloat.
1998  Economy / Speculation / Re: If you're not out, get out. on: July 20, 2013, 10:43:27 PM
if the price falls forever i will be the last one to get out Smiley

the ONLY thing that will ever cause me to sell my bitcoins ever is a substantial appreciation in price

BTC is going to $10,000 then $100,000. Maybe higher.

Just buy now. The higher the price, the more you can brag to your friends later that you bought when everyone said it was crazy to do so AND YOU PROVED THEM ALL WRONG.

Bragging rights = priceless.

BUY BUY BUY

 Cheesy Cheesy Cheesy
1999  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 20, 2013, 12:38:55 AM
Trotter indicator shows 77 than 55 and even 33.
I don't believe we could go that low, but my wallet is prepared in case we do.

Ok I'll ask....wtf is a "Trotter Indicator"? Lol.

A quick google search tells me nothing about this TA indicator.

From the numbers it sounds like you are talking about fib retracement.(?)


He is a fibber. I know that.
2000  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 19, 2013, 09:27:27 PM
Trotter indicator shows 77 than 55 and even 33.
I don't believe we could go that low, but my wallet is prepared in case we do.

This makes zero cents. plz elaborate
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