Mmmph. Didn't you forget her destitute aunt, about to be evicted? [ / curls mustache... ]
And the boner is gone. However, I like how you think.  |
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If folks think it's going to stop here; it's not. TPTB do NOT want bitcoin to undermine their fiat powers.
If you think that demand for bitcoin will go DOWN because of regulation and government fighting back, now is the time to sell all of your coins and leave. [sarc]You know, just like demand for P2P torrents went DOWN after government stepped in... just like demand for drugs went DOWN after government stepped in... [/sarc] Big, resounding LOL.
Seriously, WTF did you think would happen? Bitcoin and governments would merrily coexist? For people who think regulation and government opposition would lower demand, why did you buy Bitcoins in the first place? It seems pretty stupid to buy into something that's GUARANTEED by its very nature to be hated by EVERY SINGLE GOVERNMENT AND LARGE CORPORATION, while holding the opinion that this very hate will cause it to lose value.
So if [you] are one of these folks, please examine your cognitive dissonance. I'm not necessarily trying to make an argument that you are wrong, I'm arguing that if you do hold that opinion, buying bitcoins in the first place was not congruent with the opinion that regulation/opposition will lower demand and thus price. You are buying an asset guaranteed to be opposed/regulated with the opinion that this opposition/regulation will drive price down.
There are a LOT of people who panic sell at the hint of government regulation-related news, and these people just don't understand the epic contradiction they have embodied. Either fix the error or sell your coins. Get it? Got it? Good.
I've got the weirdest boner right now. Weird? Yes. That's probably because BitcoinAshley is by no stretch of the imagination a 22 year old female. Probably a 40ish, male, professional trader who understands that in the country of the blind the one-eyed man is king. Or, put another way; in an overwhelmingly male, totally geek community - dominated by nothing but inexperienced greed and fueled by Jolt Cola and Modafinil - a female of desirable age will be listened to. Oh I didn't listen to a word she said. I was too busy thinking about having a GF who would be into a roleplay where I was the dirty fiat banker and she was the angst driven teen, runaway from home, living off Bitcoin. Eventually she can't resist the dirty fiat banker, she must submit. Her body betrays her...she likes it. Fast forward 3 months she has 5k in credit card debit and the sex just isn't the same. Wait what? |
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If folks think it's going to stop here; it's not. TPTB do NOT want bitcoin to undermine their fiat powers.
If you think that demand for bitcoin will go DOWN because of regulation and government fighting back, now is the time to sell all of your coins and leave. [sarc]You know, just like demand for P2P torrents went DOWN after government stepped in... just like demand for drugs went DOWN after government stepped in... [/sarc] Big, resounding LOL.
Seriously, WTF did you think would happen? Bitcoin and governments would merrily coexist? For people who think regulation and government opposition would lower demand, why did you buy Bitcoins in the first place? It seems pretty stupid to buy into something that's GUARANTEED by its very nature to be hated by EVERY SINGLE GOVERNMENT AND LARGE CORPORATION, while holding the opinion that this very hate will cause it to lose value.
So if [you] are one of these folks, please examine your cognitive dissonance. I'm not necessarily trying to make an argument that you are wrong, I'm arguing that if you do hold that opinion, buying bitcoins in the first place was not congruent with the opinion that regulation/opposition will lower demand and thus price. You are buying an asset guaranteed to be opposed/regulated with the opinion that this opposition/regulation will drive price down.
There are a LOT of people who panic sell at the hint of government regulation-related news, and these people just don't understand the epic contradiction they have embodied. Either fix the error or sell your coins. Get it? Got it? Good.
I've got the weirdest boner right now. |
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k i'm placing bids  dont wana miss it next time. 100.98  I'm normally a bull , but I think $94 is the buy here. Going for that. I'm hoping for $90 depending on what new news comes out.  |
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You'd be a troll if you thought it was impossible.
Possible != already frozen. I understand that it's possible and cashing out via Bitcoin and other exchange is a good idea. But now we need to wait for a bottom of bitcoin price I said "for all we know" which means possible. Like you said getting off Gox is a good idea regardless. |
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For all we know MtGox bank account in Japan is already frozen
Troll? You'd be a troll if you thought it was impossible. Ask Kim Dotcom how safe he was in NZ when the DOJ went after him. He was pirating movies. Whatever the DOJ is cooking up for Gox it's probably worse than pirating. Why would they only go after Gox just in the USA? Feed Japan some bs about money laundering/terrorists they turn over Gox in a heartbeat. You can easily protect yourself by getting the fuçk off Gox. Which is better for everyone long term. http://m.motherjones.com/mojo/2013/05/and-it-begins-feds-target-bitcoinBTC will be fine long term. Moving away from Gox was always needed. This will just be a little bumpier. |
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For all we know MtGox bank account in Japan is already frozen, converting fiat to coins and moving them the hell off the sinking ship isn't a bad idea. If MtGox is fine in 2-3 days move em back. |
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And now here is this girl again Not a good sign when she shows up.  |
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In what way would Gox fiat be affected? If the bad news is big bad news, probably the safest thing to do is keeping fiat on Gox.
New Zealand served Kim Dotcom up on a silver platter for the DOJ. And his crime was pirating movies. For that he was arrested, all banks frozen and assets seized. Gox might be involved in money laundering for drug cartels and maybe helping terrorists move money around the world (I wouldn't put it past the DOJ to just make something up). And you're 100% confident MtGoxs bank account in Japan won't be, or isn't already frozen? The DOJ is only going after MtGox in the USA? Since when does the DOJ ever say "Japan? Not our jurisdiction". Uh yeah. If you own a tinfoil hat, buying BTC, moving it off Gox, is probably the safest thing to do at the moment. |
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Wools. Looks like OKC just posted the dwolla SS. |
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Of course though it doesn't matter whether or not we believe this Dwolla story, what matters is whether or not everyone else does, and what they do as a result.
The Bitcoin conference this weekend just got a helluva lot more interesting. |
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If this isn't in relation to the court case, then what?
No telling, but it's not the first time DHS has shot first and asked questions later. Perhaps they were alerted by suspicious transaction reports filed by Gox's U.S. banks or banks wiring to them in Japan. Gox has said that the amount of money flowing into the exchange has increased dramatically, and those kinds of changes to funds flow are certainly a red flag for bureaucrats. That makes sense. However, for a court order DHS would need some strong evidence of illegal activity. The transfer of funds out of the country is by no means illegal, and neither is investing in bitcoin. I would bet this is related to an investigation into money laundering and/or MT Gox not operating in accordance with US laws. Uh, bro I hate to break it to you, DHS doesn't care about laws, they pretty much do what they want. http://www.infowars.com/department-of-homeland-security-can-seize-gold-silver-guns-in-safety-deposit-boxes/They just yell "A terrorist has used GOX to move money in order to attack MERICA!" and any business who tries to lawyer up will get slapped the fuck down. |
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The MtGox queue is also over now, the said they are caught up.
So now everyone can cash out, instead of being trapped in MtGox. Great. Account verification is also required to transfer money to Gox via SEPA. If DHS is after Gox, they can sieze any incoming wires to the USA from them. Having Gox wire me money would be the LAST thing I'd do right now until we know more. Buy BTC, move it to your wallet. Then move it whereever you want to cash out. |
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some bears are going to get burned ...severley
The odd thing is, if you think MtGox is about to get owned by the US Govt, you need to BUY bitcoins and move them off the exchange. This was my thought too. This also leads to the theory that it's really just a couple guys trying to manipulate and buy back more coinage then they started with. well lets wait how this ones playing out... I am holding this one for now MtGox is a cancer on the Bitcoin ecosystem, it would be great long term news if people left there in droves. Like I said, buy bitcoins, move them off the site if you're actually scared. The last thing I'd go is have them wire me money, DHS could have told every bank in the US to freeze any incoming wires from them. This all still seems a little iffy. I'm surprised Dwolla would mention lawsuits no one can find record of, and MtGox would have no idea (they still list Dwolla as a withdrawal method). Seems like poor taste by Dwolla (who's CEO has blogged his support of Bitcoin) to say it's now "illegal to deal with MtGox". A lawsuit doesn't make it illegal, the DHS orders if they exist also sound questionable. If it's not a hoax it's a poorly worded notification from Dwolla. Regardless if MtGox worries you, move *coins* off the exchange, not fiat. |
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some bears are going to get burned ...severley
The odd thing is, if you think MtGox is about to get owned by the US Govt, you need to BUY bitcoins and move them off the exchange. What you're going to sell Bitcoins then try a wire transfer? Yeah, the US Govt wouldn't be able to track wire transfers. Oh wait. |
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We're in a severely overbought position. Odds say, it's coming back down. The longer it stays here, the harder that fall could be.
Overbought? What the fuck are you talking about. What odds? My cat could shit on some graph paper and provide more accurate TA. Pretty sure you have no clue what that word means. |
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any comments on the extremely thin bids on bitstamp?
I moved some coins there to sell to get some fiat out, as gox sounds like a long wait and expensive to get money back to UK.
Now I'm watching, waiting and pondering whether to use to buy more... but bitstamp looks a lot less solid than gox. Is that because a lot of Europeans are doing what I did?
Even if Bitstamp looks worse than Gox, it will more than likely follow whatever direction Gox goes. Haven't seen it more than $5 apart in the past few weeks. Correct, the exchanges don't drift too far from Gox. If they do, people buy/sell because of the perceived value based on that difference. The main issue with the other exchanges is liquidity. |
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In 3 days everything that everybody in this thread before me has said will be proven wrong.
Mild resistance at $80, strong resistance at $70. Once 70 is broken there will be almost no resistance down to $50.
From there comes highly volatile times, before a phase of stability for almost 3 months, after which a new bubble will begin to form.
Mid January 2014 will see the peak of the bubble at absolutely insane highs, but with a new asian crypto-coin gaining in popularity the bubble pops before February begins.
Who are you, the new Nostradamus? Quite a bold and detailed prediction, what will you do if it doesn't come true? No, he's Coinstradamus. Maybe we can get a bounty together and we can pay him to start encoding all his posts again. Clearly his forecasting skills are too good to just release them to the public like this. We'd be much better off if he just encoded everything. Come back in 10 years and decode everything, then we'll all fall to the ground and worship at Coinstradamus' feet. |
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