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

[Wandererfromthenorth]

Question: Is the whole world shorting bitcoin, or just bitcoiners?

I think only bitcoiners are crazy enough to deposit money into not reliable bitcoin exchanges.

Bitfinex is no EmptyGox.
They are legit.

[1714622535]

1714622535

[ChartBuddy]

Explanation

[hmmmstrange]

http://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R011.html

http://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R012.html

Two new FINCEN rulings today. Bullish or Bearish?

*edit*

Bearish. First ruling does not distinguishing between exchanges that allow trading fiat for crypto vs those that only allow crypto for crypto. That is, both have the same "Exchanger" MSB status.

Thanks for this, it'll take a while to get through but this little clip I thought was priceless.

 

You state in your letter that the Company wishes to set up a Platform that consists of a trading system (the “System”) to match offers to buy and sell convertible virtual currency for currency of legal tender (“real currency”)

I dunno, I just chuckle to see them call legal tender "real currency" quotes and all 'cuz they know it's a lie.

Time to make coins called "not a crypto coin" and "real currency". Maybe even a "legal tender" coin too.

[abercrombie]

I'm suspecting an overnight dump...  

[BlindMayorBitcorn]

Question: Is the whole world shorting bitcoin, or just bitcoiners?

I think only bitcoiners are crazy enough to deposit money into not reliable bitcoin exchanges.

Bitfinex is no EmptyGox.
They are legit.

True. And bitcoiners tend to avoid verification. Just a thought..

[BlindMayorBitcorn]

Bitches think I'm a perma-bear, but they don't know that long term (and I mean looooong term, I am open to BTC bullishness, but not now and not at current prices):



UBS CIO, fuckers:

http://blogs.wsj.com/digits/2014/10/27/ubs-cio-blockchain-technology-can-massively-simplify-banking/


“I believe – and this is my personal view – that blockchain technology will not only change the way we do payments but it will change the whole trading and settlement topic,”  said Mr. Bussmann.
He believes that blockchain technology has potential to trigger “massive” simplification of banking processes and cost structure.
He said: “When somebody with a strong brand and security level establishes it as a reliable service, then the whole industry will follow. That is my personal prediction.”


Remember mofos, No Bitcoin -> No incentive to maintain the network -> No blockchain  






And now back to being a bear. Time to crash again, bitcoin  

They don't get it

[adamstgBit]

Soon the great buying opportunity of our time will come knocking, SOON!

[Walsoraj]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

[BlindMayorBitcorn]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

Dave's not here, man..

[BitAddict]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

That would be good news only if applies to China too.

[JayJuanGee]

Looking at the bitfinex charts and btc swaps at ATH, for the first time ever, for a second, I thought that maybe I should jump aboard and SHOTR, because it seems so obvious at the moment. Good that I caught that thought and was able to rationalize it, because, I believe, that's exactly what someone(s) who are accumulating those swaps, want it to appear.

Hold on to your hats, because in a few days or weeks, we are going nowhere but up.



...or not, but that's not the end of the world.

If NOT up, then we just buy more... NO big deal.... b/c it is going to go up sooner or later... and wanna be on board when such going up takes place.   

[BlindMayorBitcorn]

Three cheers for such going up taking place

[nanobrain]

Bitches think I'm a perma-bear, but they don't know that long term (and I mean looooong term, I am open to BTC bullishness, but not now and not at current prices):



UBS CIO, fuckers:

http://blogs.wsj.com/digits/2014/10/27/ubs-cio-blockchain-technology-can-massively-simplify-banking/


“I believe – and this is my personal view – that blockchain technology will not only change the way we do payments but it will change the whole trading and settlement topic,”  said Mr. Bussmann.
He believes that blockchain technology has potential to trigger “massive” simplification of banking processes and cost structure.
He said: “When somebody with a strong brand and security level establishes it as a reliable service, then the whole industry will follow. That is my personal prediction.”


Remember mofos, No Bitcoin -> No incentive to maintain the network -> No blockchain






And now back to being a bear. Time to crash again, bitcoin  

They don't get it

<sigh>
I've had this discussion on another thread.
Please read:
Bitcoin: It’s the platform, not the currency, stupid!
http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/1/

Which nailed it back in February.

Then realise this has happened before with radio, telecoms, the internet and other technology as Tim Wu's "The Master Switch" eloquently describes: the hegemony will strip "bitcoin" of all the useful components (eg blockchain technology) it needs to continue its control.

They get it...and they'll take it.

[Walsoraj]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

That would be good news only if applies to China too.

I suspect the SEC will attribute illegal activities of overseas exchanges to their US-based partners. Thus forcing US companies to sever ties or overseas exchanges to get in compliance.

[JayJuanGee]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

Dave's not here, man..

Who is Dave?

[Wandererfromthenorth]

https://coinfire.cf/2014/10/27/sec-begins-sending-investigation-letters/

[BlindMayorBitcorn]

Please read:
Bitcoin: It’s the platform, not the currency, stupid!
http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/1/

Which nailed it back in February.

Then realise this has happened before with radio, telecoms, the internet and other technology as Tim Wu's "The Master Switch" eloquently describes: the hegemony will strip "bitcoin" of all the useful components (eg blockchain technology) it needs to continue its control.

They get it...and they'll take it.
[/quote]

Seems plausible. But what can you strip away and still have?

Edit: Ripple

[BlindMayorBitcorn]

SEC investigating Bitcoin companies is all over Reddit. This is a bigger deal than most realize. The SEC can shut down exchanges for contributing to price manipulation or being willfully ignorant of such activity while profiting from it.

Dave's not here, man..

Who is Dave?

No man, Dave's not here

[ChartBuddy]

Explanation

[Wandererfromthenorth]

http://qntra.net/2014/10/fincen-payment-processors-others-may-be-regulated-money-transmitters/?utm_source=twitterfeed&utm_medium=twitter