Let's put TA aside and think about yesterdays jump from $78 to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!
Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.
It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.
And what is he going to do when he sell us his coins?
Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.
I have no idea, but would have thought that this ostensibly lame downturn might be a tactic to make sure enough people sell in anticipation of a fall, so that there's more people ready to buy his coins after he drops the price significantly? |
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+6  1KsdTaMzZwvYVVKygFv3qwE87db7AKE7NJ LUQdPWt6wLbY1HNpp92ZVRjX2RsXRDwnqv |
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"Wall Observer - MtGoxUSD wall movement tracker - Hardcore" . . .
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He did send me 2.65 Million Baht (about 92,000 USD)
He is new here and has some things to learn about our culture but clearly he has powder.
Edit: He is also super bullish on the price, but he is not wrong "yet". Time will tell.
Sure? Btw, this is the last day when we see $95 EVER, you can quote me on that. You guys should show him a little more respect, he is a supernode after all. also, often people seem to be taking his jokes as serious. |
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I honestly think it is.
I just hope it won't take another 2 years to recover. I would appreciate a new record before the end of the year. Slovenia seems to be next for the big haircut. Let Cyprus 2.0 happen and bulls are back in business. Doesn't bode well for Bitstamp once this bear-phase is through... |
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I wonder what the percentage in English is
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FinCEN is a big player because the US is a big player, might not be so if Congress stepped up once in a while but I don't think that's likely given the last few years - My expectation is a Bitcoin-Only economy will pop up for individuals who want to avoid the tax implications - They'll be paid in bitcoin, they'll fund their lives in bitcoin - Thanks to FinCEN  I wonder if they'll pay taxes I wouldn't have too much faith in your congressional critters - they've been bought and sold for 30 years now. FinCEN is mostly working to obfuscate the massive fraud known as Wall St. - the crimes they end up prosecuting are laughable. There is corruption, but you can still influence Congress. Just look at the recent gun licencing bill. It was revoked in part because congressmen were under pressure from their constituents. It was only a small minority of constituents, who happened to be NRA puppets, but as their lobbying was so intense and relentless, and the majority of people for the bill didn't vocalise nearly as much, this influenced the outcome. It should be a similar situation with keeping things reasonable with fincen. If enough US citizen bitcoiners write repeatedly to their congressmen, there should be better odds for a better situation, or at least to prevent it from getting worse. (I'm paraphrasing from Bradley Jansen on the podcast) |
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Nice selection of opinions Maybe it's down to the timing of three major factors. Whether the press coverage and ensuing hype will overlap with the rapidly growing support and real implementation of BTC's in commerce, decrease in value due to new ASICs, and how many people decide to sell at around the Aptil 11th peak or not.  |
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I've seen allot of people here and on reddit speculating that the value of BTC is likely to compensate back to much lower than current rates, like around $50. I personally don't see it, what with the whole world jumping on the band wagon, but I'm new to this.
Does anyone still think that there is a reason for it to return to a lower value other than government intervention or the 51% problem?
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I may be wrong but it looks like in the long run, the only advantage of LTC for most people would be that transactions are faster than BTC.
is there any way that BTC transactions could be made faster in order to compete with LTC for buying stuff?
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I think this posting for the sake of upping the count might not work so well. My shameless count-up post just got deleted by a moderator. D'oh! Fair enough eh
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looks like the total time logged in 4 hours doesn't count up whilst looking at other web pages. Oh well
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looks like they do count but there is still a cooling time for newbies. it's a good system when you think about it. but a pain in the ass for newbies. trolls won't come on if they have to wait 4 fours. some will but only once.
I guess it might discourage the more impatient of trolls, though I'd have thought that they wouldn't be on this sort of forum anyway... oh lovely weather isn't it |
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