Why blame unproven "manipulation" for natural human cycles of emotion? ...No bear market could provide you with the amounts mentioned in this thread....
Yes, some Bear markets certainly can. On high volume Bear market days Gox used to do a 24 hour volume of 125,000 BTC to even 250,000+ . Just place various orders at low prices and watch the market fall.* *Of course trading can be difficult and it's dangerous to keep huge amounts of money on exchanges, but that is a different subject.Yes, but those 150-200 000 BTC were bought by hundreds of people, not one, two or 3 entities. Someone here mentioned potential 100k BTC deal, you can't buy that easy on the exchange. |
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They're slow   Kraken is slow? I've put smileys there, come on Walsoraj |
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They're slow |
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That article doesn't make me feel uncomfortable. I called you a knucklehead because that's exactly how you act sometimes. You refused to say why this is relevant to today. You refused to acknowledge what others have said in response. You refused to concede an inch ever.
I didn't answer because I thought it obvious. It's relevant always so long as Bitstamp is a major exchange. Might interest people who deal with them (I do too for lack of better options). I didn't concede an inch because I see nothing to concede. Seems to me it is illegal in the same way as gambling and securities running outside of the US to have an exchange running outside of the US that does not comply with US regulations yet serves US customers. So I agree to disagree. Yet the guy who talks about it on that article specifically saying: Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector. I saw it, but I don't understand why them working on internationally harmonizing AML/KYC rules in the future would change the present regulations where exchanges must be registered. Are you assuming they will not enforce it until they come to an understanding with other governments? I am not assuming anything about any world's government rules, they can do whatever they want really. But I am looking at current situation and don't see it as threat. USA is pretty friendly to Bitcoin and unless they are making us all fools they won't do anything hard to harm it. And again as I wrote in answer to Walsoraj, we already have FINCEN registered exchanges and many more to come so it's not an issue at all. If Bitstamp is not good to do the business with USA (and they made enough money to register with FINCEN if required) someone else will do. what is this new FINCEN registered exchange? There are several professional exchanges announced to be live soon including SecondMarket's one, they'll obviously be FINCEN compliant. And Kraken already is. Coinbase surely is. |
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Could you please go beserk, you have been talking about this possibility for quite some time.  Beserk? No, the lesson will be delivered calmly, with just a few keystrokes. But it is not a decision to be taken lightly. Are you actually threatening people now? I guess something must have touched a nerve.  He is going to break Bitcoin encryption people, run, run away |
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That article doesn't make me feel uncomfortable. I called you a knucklehead because that's exactly how you act sometimes. You refused to say why this is relevant to today. You refused to acknowledge what others have said in response. You refused to concede an inch ever.
I didn't answer because I thought it obvious. It's relevant always so long as Bitstamp is a major exchange. Might interest people who deal with them (I do too for lack of better options). I didn't concede an inch because I see nothing to concede. Seems to me it is illegal in the same way as gambling and securities running outside of the US to have an exchange running outside of the US that does not comply with US regulations yet serves US customers. So I agree to disagree. Yet the guy who talks about it on that article specifically saying: Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector. I saw it, but I don't understand why them working on internationally harmonizing AML/KYC rules in the future would change the present regulations where exchanges must be registered. Are you assuming they will not enforce it until they come to an understanding with other governments? I am not assuming anything about any world's government rules, they can do whatever they want really. But I am looking at current situation and don't see it as threat. USA is pretty friendly to Bitcoin and unless they are making us all fools they won't do anything hard to harm it. And again as I wrote in answer to Walsoraj, we already have FINCEN registered exchanges and many more to come so it's not an issue at all. If Bitstamp is not good to do the business with USA (and they made enough money to register with FINCEN if required) someone else will do. |
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If FINCEN can:
1) prohibit US banks from transacting with banks associated with non-compliant foreign exchanges; and/or
2) prohibit US companies such as Coinbase from transacting with non-compliant foreign exchanges,
then we are fucked. These prohibitions around the same time as the china crackdown = $10 bitcoins by mid-summer.
I agree with that of course. Blocking US money coming to exchanges would not be good. But then again, there are already FINCEN compliant exchanges that could take the business from US customers, and there will be many more professional ones by the end of this year that would take lot of that business from all current exchanges anyway. So, it's barely an issue. If USA ever moves against current set of exchanges it will be to make a room for some US exchanges to thrive. More taxes for USA, lobbying stuff etc, etc.. making the end of the world from it is nothing more but FUD as anyone with half brain could take same logical reasoning why it is not that as I did. |
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That article doesn't make me feel uncomfortable. I called you a knucklehead because that's exactly how you act sometimes. You refused to say why this is relevant to today. You refused to acknowledge what others have said in response. You refused to concede an inch ever.
I didn't answer because I thought it obvious. It's relevant always so long as Bitstamp is a major exchange. Might interest people who deal with them (I do too for lack of better options). I didn't concede an inch because I see nothing to concede. Seems to me it is illegal in the same way as gambling and securities running outside of the US to have an exchange running outside of the US that does not comply with US regulations yet serves US customers. So I agree to disagree. Yet the guy who talks about it on that article specifically saying: Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector. |
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The last time windjc and seleme were that agressive we were around 800$
Where´s Billie Jean btw? Busy buyin up all those cheap coins :-D
What part of "I am short" did you not comprehend? Hehe, that's MatTheCat school of thinking.. if you're not talking bullshit all the time and crying on each dollar's movement of BTC, spreading FUD etc.. you must be losing the money with current price, lol |
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Nah, I think you guys are going over the line. He is not paid nor he will be awarded for his posts from anyone, there's nobody who would pay him to do it, tbh.
He is just intellectual troll who find this as some kind of perverse challenge for himself, he's probably licking his lips now how he is doing us here.
I've never seen anyone spending so much time on the subject he thinks it's a failure though, sad state of mind really.
If so, he does it in a very unreasonable way, unprofessional, not in a way expected from a guy supposedly educated in the scientific method and discussion with peers. [... ] This way of working is exactly what is to be expected from a paid shill, a false grassroot which is called astroturfing [ ... ] or you are ignorant, nonlogical, without common sense. It is also possible. Locked into a tunnel view, due to defect working of your left or right brain, broken, stupid, willfully ignorant, afraid, traumatized in your childhood. Something.
Now, you and the other guys who keep writing this sort of stuff, do you do it because (A) you are frustrated with bitcoin price or something else, and need to vent your frustration on someone; or (B) you really meant to write that sort of stuff; or (C) you don't believe I can teach you a lesson you won't forget, and are calling my bluff? If (A), fine, I am glad to be of service. If (C), know that a man who knows his strength does not use it just to prove he has it. You forgot (D) - I just think you're full of shit Don't give a flying one about most of your intellectual rumblings unless you really cross a line with some utter bullshit Like earlier today when you interpreted BTCCHina's announcement as the preparation of exchange closing. That was some level pro bullshitting  |
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Not only are they subject to FinCEN civil monetary penalties, but knowing failure to register a money transmitting business with FinCEN—or fail to register with state authorities when required—can be a federal criminal offense." Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world.
He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector.
Game/set/match Mr. Seleme. Where are they excluding non-US businesses from this regulation? It's the same thing as with the Bitcoin stock exchanges. As long as US customers are served, it is regulated by the US. But enough of this. None of us are lawyers I presume. It is funny though how people here shout everything down that makes them feel uncomfortable. I also like how wind feels the need to insult me for it. Well, when you want to see only what you like to see than it's not easy to see the obvious that is not in the line of what you want to see. I am not insulting you, I used to say lot of times though that despite you doing good job as moderator it's laughing that you are moderator on a main Bitcoin forum as you don't miss a single chance to spread FUD and degrade Bitcoin, specially in downtrends. You've been manipulating people's minds to think Bitcoin is going in to oblivion at 60$ this summer, you're doing same now, pathetic but what could we do . I stopped doing that one though, just said Blitz is Blitz. Move on |
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there can be an infinte number of cryptocoins, any brand of them is just as good for commerce as any other, and there is no reason to believe that bitcoin will be among the ones that will succeed if they do succeed.
This has been refuted again and again. People want a secure, noninflating coin. Not evapourcoin. Not resourcecoin. They dont want coins for dogs or dope or sex. One coin. Not countrycoin, not citycoin. One international coin. They don't want a coin with more frequent blocks. Not premine. Not centralized. They want one coin. Then why are the altcoins still thriving? Those who buy and use them are not people? Those kinds of coins could be competitors. Maybe one other, maybe two. [ ... ] Most probably, altcoins could ever only reach a small part of the total value.
And it is me the one who states mere opinions, without any arguments? You can have your opinion about the likelihood of bitcoin surviving, but the fact are that there is no justification now to claim that they will die, and bitcoin will not. The "first players advantage" and "network effect", if they were real, should have prevented the altcoins from starting. That they started and are thriving is proof that those advantages are not that significant. On the other hand, some altcoins appear to have characteristics that bitcoin does not have; who can tell whether they won't be decisive? (I hope no one will claim that "bitcoin is now too big to fail". ) Yeah, I've seen better arguments from you, tbh. The altcoin vs. Bitcoin analogy is probably pretty close to, say, silver vs. gold. In some hypothetical world exactly identical to ours, but in which *only* gold exists but no silver, speculative gold might have a higher market cap than in ours, but the thought is rather shallow anyway: it's simply human nature not to put all eggs into one basket -- cryptocurrencies will be no difference. The (much smaller) valuation of altcoins doesn't take a severe chunk out of Bitcoin's valuation, unless at some point BTC is replaced as the alpha crypto, but that's not the scenario you're talking about. The alt analogy is so stupid is almost not worth to answer on it. If anything alts are making Bitcoin more scarce than it would usually be. More alts = less bitcoins on btc vs usd market = higher price than it would be otherwise. There are thousands and thousands of bitcoins tied to alts trading as you can not buy most of them without buying Bitcoin first. |
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Careful guys, we have Robin Hood here |
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Not only are they subject to FinCEN civil monetary penalties, but knowing failure to register a money transmitting business with FinCEN—or fail to register with state authorities when required—can be a federal criminal offense." Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world.
He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector.
Game/set/match Mr. Seleme. |
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Blitz being Blitz |
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Not true,
FINCEN already announced that they would go after the exchanges that haven´t registered about 2 weeks ago.
Google it.
They can go after any exchange that is based in USA or accept deposits and withdrawals on US soil. Fonzie's having a hard time with this one. I guess he thinks Obama might issue a military invasion of Slovenia to take over Bitstamp. Do you mind telling me why it is that non-US online gambling sites don't accept US customers? Because USA explicitly made illegal that US costumers gamble on online sites and most of them have servers and domain registered with US companies. USA did not make illegal that US citizens send money to Bitcoin exchanges yet nor have it issued any order for non-us exchanges to register with FINCEN. If they do it, I'm pretty sure Bitstamp will do it, if they already did not just to be on the safe side as they have same issues as online gambling sites - servers and domain. They have enough money to do it. |
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Not true,
FINCEN already announced that they would go after the exchanges that haven´t registered about 2 weeks ago.
Google it.
They can go after any exchange that is based in USA or accept deposits and withdrawals on US soil. |
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When exactly will FINCEN block US Customers from using Bitstamp or have they registered in the meanwhile?
Covert elements of the US government are behind bitcoin, hence why China and Russia hate it so much. US will never ban it. I didn´t talk about a complete USA ban, i talked about USA blocking transfers to Bitstamp due to the fact that they are not registered with FINCEN. Bitpay wouldn´t work anymore... Coinbase.... Hm, why would Slovenian company be registered with FINCEN? Because they are accepting U.S. customer deposits and withdrawls So what? As long as they don't have entities in USA where they accept it they are not under US legislation, just as million other financial institutions Americans deal with daily. |
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When exactly will FINCEN block US Customers from using Bitstamp or have they registered in the meanwhile?
Covert elements of the US government are behind bitcoin, hence why China and Russia hate it so much. US will never ban it. I didn´t talk about a complete USA ban, i talked about USA blocking transfers to Bitstamp due to the fact that they are not registered with FINCEN. Bitpay wouldn´t work anymore... Coinbase.... Hm, why would Slovenian company be registered with FINCEN? |
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well, that's it, if Reddit user posted it, it might be it Btw, look at the guy's posts, it's fonzie himself ..and yet the disposal National Bank of China exists. April 15 all exchanges registered in mainland China, should be closed.
I can not withdraw USD from BITSTAMP for more than a two week.
Central Bank of Russia has banned Bitcoin in Russia, explaining his position that Russia prohibited the use of "money-surrogates".
Bundesbank joined to other countries, a warning about the risks of Bitcoin.
UnionPay announced discontinuance BTCChina and other trade exchanges, due to the government ban. BTC-Codes do not work anymore. Rumors of government letters, payment operators confirmed.
Central Bank of China, sent letters payment companies operating in China, demanding to stop support for Bitcoins.
U.S. National Security Agency is developing a quantum computer to break modern encryption systems.. |
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