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

[Frozenlock]

The bubble of April was the first of a couple more.

You must be new here. 

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[phantastisch]

The bubble of April was the first of a couple more.

You must be new here. 

You must be newer here.

[Frozenlock]

You must be newer here.

Go ahead, look at my registration date. 

[phantastisch]

You must be newer here.

Go ahead, look at my registration date. 

Registration date does not equal wisdom of the ancients. Well at least in your case.

[ft73]

Bottom @$101, now back to $105.
Then down again.

[weaknesswaran]

bitstamp under ddos?

[ChartBuddy]

[fr33d0miz3r]

bitstamp under ddos?

works for me

[Dalib]

bitstamp under ddos?

works for me

ok. for me too ...

[bangersdad]

I think the $265 bubble was very good for BTC for a few reasons, most importantly it brought it out of the shadows and into the light of main stream media, general public, entrepreneurs and venture capitalists. It also brought it to the attention of governments and regulators worldwide. While this may seem like a bad thing in the short term it had to happen for BTC to have any kind of future.

Governments and world leaders need to understand it. They need to feel like they have some control of it. Most importantly they need to figure out how to profit from it. These types of things will continue to happen until they have all the information they need and all the regulations are in place. Right now is a fishing expedition. Maybe they are doing something wrong, maybe not, lets get them in court and find out.

...no no no.....

there is no way that the current banking system can work with bitcoin...they will turn it into another currency....which it is not in the slightest....regulation/legislation as we understand it cannot integrate with bitcoin only slowly destroy it.....only when world economic circumstances allow the truth behind the global banking conspiracy to be revealed will bitcoin truly be embraced by the masses.

[NewLiberty]

1.The Cease & Desist

"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.

2.The news comes just days after  Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.

I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.

Note that that is from May 30th so it isn't a coordinated attack, but I wonder why the foundation might not have mentioned it sooner?

When I get a baseless horseshit letter like that (and I've had a few over the years) I generally ignore it.

I hope they aren't ignoring it.  It offers an education opportunity at the least.

[bangersdad]

not my words..but my sentiments.

So, let me try this again: Going legit gives the state a handle to grab you with. ‘Legit’ means registered and regulated, doesn’t it? You have to tell them your name, where you live, and where you put your money, right? It means that they can control you whenever they want to.

There are two big reasons why Bitcoin people are tempted to go ‘legit’:

They want to get mega-rich fast, like Mark Zuckerberg.
They have been trained to be obedient and can’t unlearn it. They are compelled to believe that the government is basically good. It must just be one bad politician or one bad law.
#2 is what destroyed e-gold, and it looks like #1 is what killed GLBSE.

Because of GLBSE, Bitcoin is now being regarded as a currency and states will start to regulate it as one. That means that they’ll attack the public exchangers and force everyone possible to comply with their rules.

So… it’s time to man-up, or to crumble.

[vokain]

^give it half a year, markets/gov will continue to crumble bit by bit. right now bitcoin is currently in the fear/desperation phase but there will be very few avenues of escape for the world financial markets when we get consumed by debt and deflate hard.

Also, keep in mind we don't need the US government for Bitcoin's success

[Rampion]

weeeeeeeeee

double digits knock knock knocking at Gox's door

Are you extremely happy now?

Man, you really hate me. Anyhow, I can guarantee you that I'm not sad at all.

1) I don't think lower prices "hurt the coin". That's BS. This is a speculative market, bubbles inflate and burst. In 2011 the bottom was 1/16th of the op (bottom=$2; high=$32), and in now way "the coin was hurt". Investors are just waiting a more profitable entry point, they do not get scared by bears.

2) As I wrote many times I see cheaper coins on the way, thus I've sold most of mine between $128 and $109. Still, I have a healthy amount on a paper wallet that I won't touch no matter what, because I love so much this coin I cannot be 100% out of it. And still, I holded till $128 while I predicted a bear market since mid April because "I wanted to believe", but taking into account that I'm in this game to try to get as many coins as I can, it would be kind of retarded for me to hold when I'm convinced that I will be able to buy back cheaper in the future

3) I'm a long term bull, and I personally believe that the sooner this bubble fully deflates, the sooner Bitcoin will resume the sustainable growth trend that will precede the next hype cycle. In other words: I'd prefer a fast crash to the bottom than a multi-month bear market as we are actually having.

[bangersdad]

^give it half a year, markets/gov will continue to crumble bit by bit. right now bitcoin is currently in the fear/desperation phase but there will be very few avenues of escape for the world financial markets when we get consumed by debt and deflate hard.

Also, keep in mind we don't need the US government for Bitcoin's success

i totally agree - i just hope that regulation is not allowed to cripple the coin before it really is needed when the true evil of fiat is known by the masses.

i think all mining should be moved to Ecuador and managed by Edward Snowden until the second coming of bitcoin is upon us....praise the coin.

[Frozenlock]

(...) right now bitcoin is currently in the fear/desperation phase (...)

 

The sentiment I get from the average bitcoiners is more like
"This is a temporary setback, but we are still going to da moooooon!"

but there will be very few avenues of escape for the world financial markets when we get consumed by debt and deflate hard.

Could you explain that? How a dollar deflation is supposed to boost Bitcoin in any way?

[ChartBuddy]

[adamstgBit]

100$ coins soon 

i'm going place some bids 

[fr33d0miz3r]

100$ coins soon 

i'm going place some bids 

I bet $95

[derpinheimer]

100$ coins soon 

i'm going place some bids 

Butbutbut theres 2K worth of new bids on the way thru $100! Thats like... impossible to sell thru!

Seriously, I'll never understand the mentality of buying into the middle of a downtrend. Unless theres a Wallzilla, it always manages to pull back at least once...