Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bahamapascal]

The CFTC hearing just startet, with live strem: http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive

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[octaft]

Always suspicious of those that are trying to save others!
Are you a welfare worker in your offline life or do you have some open shorts.

I think that guilt can motivate to help those who are trapped in bitcoin. If your gambling have been successful with bitcoin, then you also know that this money didn't come out of thin air. A large amount of that money came from the pockets of people who are a lot poorer then you. Their only crime was to have too big hopes and too little experience. You know that you increased your wealth at the expense of those who are less fortunate. Doing this can actually start to chew your conscience and you will actually start to hate the game that you're playing with others. At least that's how I feel when I recommend someone to stay away from bitcoin.

Thank god, I hate poor people and get already hard when I think about taking their hard earned money with trading. 

What price did you originally buy at?

[Bagatell]

You remind me of the Edward50 posts from 2011 trying to convince others that bitcoin was a scam and would crash. God knows if any poor sap read that and thought twice of investing in bitcoin. Hopefully anyone wavering will look through your overwhelmingly negative posting history and do the obvious. Why are you so bitter?

Please don't quote them.

[riiiiising]

Mods, you need to do something about all these trolls. I suggest that you shouldn't be able to post for at least a month after joining, so you can watch and learn first about this ground breaking technology before you're allowed to say anything.

[NotLambchop]

...
I think that guilt can motivate to help [because you got] your wealth at the expense of those who are less fortunate.  [That's why] I recommend ... to stay away from bitcoin.

... a better thing to do would be trading against them and rip  the shit out of them while they are still enthusiastic...

[ChartBuddy]

Explanation

[podyx]

How hard is it to through with verification on bitfinex?? It says I must provide a "bank statement" with my name and account and also my first deposit must come from this account? ("Bank Statement: clearly highlighting your name as the account holder (your first deposit to Bitfinex must come from this account).")
I don't even know what a bank statement is

And for proof of address, does anything work that contains my name and address?? Like a phone bill?

Are you sure you need a verified account?

You can store and exchange btc and USD on bitfinex without a verified account.

It says this: "Whether you wish to deposit or withdraw US dollars funds to/from your Bitfinex account, your account must be verified in order to comply with relevant anti-money laundering (AML) and counter terrorism financing (CTF) laws and regulations."

So I guess I have to verify right?

It depends on what you want to use your account for.

If you plan on sending USD to the exchange directly, then yes you need to verify.

However, you can easily buy your btc somewhere else (coinbase, circle), send the btc to your unverified bitfinex account, then sell it on the exchange for USD. You will then have USD at bitfinex, in your account. If you want to withdraw, you would exchange it back into btc on bitfinex, and then send it to your coinbase/circle wallet and sell there for USD.

Right, so you're sure that I can send bitcoin there in and out without verifying?? Can anybody else confirm this aswell?

Bumping this as I need an answer pretty soon

[fonzie]

How hard is it to through with verification on bitfinex?? It says I must provide a "bank statement" with my name and account and also my first deposit must come from this account? ("Bank Statement: clearly highlighting your name as the account holder (your first deposit to Bitfinex must come from this account).")
I don't even know what a bank statement is

And for proof of address, does anything work that contains my name and address?? Like a phone bill?

Are you sure you need a verified account?

You can store and exchange btc and USD on bitfinex without a verified account.

It says this: "Whether you wish to deposit or withdraw US dollars funds to/from your Bitfinex account, your account must be verified in order to comply with relevant anti-money laundering (AML) and counter terrorism financing (CTF) laws and regulations."

So I guess I have to verify right?

It depends on what you want to use your account for.

If you plan on sending USD to the exchange directly, then yes you need to verify.

However, you can easily buy your btc somewhere else (coinbase, circle), send the btc to your unverified bitfinex account, then sell it on the exchange for USD. You will then have USD at bitfinex, in your account. If you want to withdraw, you would exchange it back into btc on bitfinex, and then send it to your coinbase/circle wallet and sell there for USD.

Right, so you're sure that I can send bitcoin there in and out without verifying?? Can anybody else confirm this aswell?

Bumping this as I need an answer pretty soon

I can confirm this. Have been trading there for almost a year. No need for any kind of verification, just like on BTC-E , as long as you don´t want to send FIAT in/out.

[bahamapascal]

How hard is it to through with verification on bitfinex?? It says I must provide a "bank statement" with my name and account and also my first deposit must come from this account? ("Bank Statement: clearly highlighting your name as the account holder (your first deposit to Bitfinex must come from this account).")
I don't even know what a bank statement is

And for proof of address, does anything work that contains my name and address?? Like a phone bill?

Are you sure you need a verified account?

You can store and exchange btc and USD on bitfinex without a verified account.

It says this: "Whether you wish to deposit or withdraw US dollars funds to/from your Bitfinex account, your account must be verified in order to comply with relevant anti-money laundering (AML) and counter terrorism financing (CTF) laws and regulations."

So I guess I have to verify right?

It depends on what you want to use your account for.

If you plan on sending USD to the exchange directly, then yes you need to verify.

However, you can easily buy your btc somewhere else (coinbase, circle), send the btc to your unverified bitfinex account, then sell it on the exchange for USD. You will then have USD at bitfinex, in your account. If you want to withdraw, you would exchange it back into btc on bitfinex, and then send it to your coinbase/circle wallet and sell there for USD.

Right, so you're sure that I can send bitcoin there in and out without verifying?? Can anybody else confirm this aswell?

Bumping this as I need an answer pretty soon

I can confirm this, honestly. Have been trading there for almost a year. No need for any kind of verification, just like on BTC-E , as long as you don´t want to send FIAT in/out.

I can also confirm that you can deposit, withdraw and trade btc without verification. Verification is required for Fiat ($) deposits and withdraws only.
Note ther always is the possibility that they change there policy without beforhand anouncing that (like Bitstamp did), though I (personaly) guess that is unlikly at this point of time.

[podyx]

Great! thanks!

[Boom143]

where are all the cry babies gone

[aclass]

everyone is watching

where are all the cry babies gone

[tarmi]

wall street - no.

[btcisreal]

Prediction of what's gonna happen the next 5 hours?
//newbie

[grappa_barricata]

Prediction of what's gonna happen the next 5 hours?

Price will move  

[ShroomsKit]

Prediction of what's gonna happen the next 5 hours?
//newbie

It will be critical, the next 5 hours.

[riiiiising]

OH look what a surprise, traders are dumping again to make their $50 profit. Way to go guys, isn't it cool to destroy the potential of this technology so you can make a little beer money? Idiots.

[JimboToronto]

I can also confirm that you can deposit, withdraw and trade btc without verification. Verification is required for Fiat ($) deposits and withdraws only.
Note ther always is the possibility that they change there policy without beforhand anouncing that (like Bitstamp did), though I (personaly) guess that is unlikly at this point of time.

That's how I got burned by Gox.

I had an unverified account, moved 50 coins there after I'd missed the opportunity to make a quick profit on the easily anticipated panic following the sale of Satoshi Dice, and then decided to move them back to paper in August after realizing that Bitcoin was ready to skyrocket and worrying about Gox's fiat withdrawal problems spreading to bitcoins.

Imagine my dismay when they wouldn't let me withdraw my coins without verification since I didn't have any identification. By the time I got ID to send them, they claimed I'd already withdrawn my coins in September. Of course I submitted a ticket but communication was sporadic and consisted mainly of stalling and BS and even that ended by December. By January Gox was dead and all I have left of my BTC50 is a tiny piece of a class action suit.

Paper is the only safe place to keep your coins. Exchanges are very risky.

[nomoreheroes7]

OH look what a surprise, traders are dumping again to make their $50 profit. Way to go guys, isn't it cool to destroy the potential of this technology so you can make a little beer money? Idiots.

Lol srsly. Pull your sells and we're all millionaires, it ain't hard.

[ShroomsKit]

And the daily big dump out of nowhere...