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921  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 15, 2014, 06:52:17 PM
Quote
It's not 2011 anymore where the price could be held up by youngesters and eager gamblers

You just wait for the derivatives markets.  If you think it was easy to swing the market last year, imagine the ability to go long on 10 BTCs of value when you only hold 0.1 to 1 BTC of margin in your account.  This is coming soon.
922  Economy / Speculation / Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency on: April 15, 2014, 05:12:50 PM
The current IRS guidance creates onerous reporting requirements on anyone using Bitcoin in a transaction, including retailers and consumers.  This will negatively affect the adoption of Bitcoin as a currency, and thus negatively affect the inflow of new fiat.  The linked news would remove this problem.
923  Economy / Speculation / Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency on: April 15, 2014, 04:43:37 PM
I have seen many posts from folks incredulous on the reversal that started after the 10th.  They say there is no news and no new fiat that would support a rally.  While much of the rise is probably unrelated to any news, and more technical in nature, I offer this as one piece of news I would classify as bullish.  There is now a bill in Congress to treat Bitcoin as currency for tax purposes:

http://www.breitbart.com/Breitbart-Texas/2014/04/10/Rep-Stockman-Proposes-New-Method-of-Taxation-on-Bitcoins

-Raystonn
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