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

[wachtwoord]

Like someone else said, "Land of the free".  

*placing myself on the NSA watchlist*

Someone should bomb the Statue of Liberty.
The US lost the right to claim anything related to liberty years ago.

Noooo!  She's beautiful!

Well, I'm all for shipping it anywhere else... but I doubt USians would let it go willingly. 

Just publically rename it: statue of "liberty".

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[ChartBuddy]

[Richy_T]

Well, I'm all for shipping it anywhere else... but I doubt USians would let it go willingly. 

Just change the torch to a whip and call it done.

[byronbb]

Yes, certain people are interested in keeping the price around $100.

If the market really wasn't comfortable with that, the price wouldn't still be there. So you can't really say that it's "artificial." The people putting up the walls don't have unlimited powah.

 Ya no doubt about this.

[NewLiberty]

Yes, certain people are interested in keeping the price around $100.

If the market really wasn't comfortable with that, the price wouldn't still be there. So you can't really say that it's "artificial." The people putting up the walls don't have unlimited powah.

Ya no doubt about this.

Incidentally, since the charter of the Federal Reserve has as its mechanism the manipulation of the value of the dollar vis-a-vis other currency, now that Bitcoin is in that category according to FinCEN, the fed could decide on any given day to blow over the market in any direction that suits them.
They could short it to nothing and wait for weak hands to sell and then grab it all back.  They can print as much dollars as they like so you can't fight and win, all you can do is weather the storm.
There are whales, and there are leviathan.

Like the shao lin priest, they walk through walls.
Look for, they can not be seen, listen for, they cannot be heard.

It only took about US$30 billion to break down the gold bull market.  Bitcoin is peanuts to that.  Stay nimble.

[QuestionAuthority]

I really wish transfer between BTCe and Gox was easier.

[MickeyT2008]

I really wish transfer between BTCe and Gox was easier.

BTC-e has been down for several hours

Edit:  So is Bter

Why do I always find myself suspecting the US government or its banker pals (same thing) for all the Ddos attacks on the exchanges?

Edit:  Vicurex is also down

[Spaceman_Spiff]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

[byronbb]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

Ripple?

[Spaceman_Spiff]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

Ripple?

I haven't really looked into Ripple decently, but isn't it a lending system? 

[QuestionAuthority]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

I'll trade Pegcoin in an instant. Set it up!

[MAbtc]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

Ripple?

I haven't really looked into Ripple decently, but isn't it a lending system? 

Not really. Money is held by ripple gateways in the same way that money is held by bitcoin exchanges. So when you send Bitstamp $1000 and move it to your Ripple wallet, they "owe" you $1000 the same way they'd owe you if you kept in on Bitstamp.

Ripple is great, IMO. It has incredible potential as a payment system and is far more versatile than bitcoin in that regard. In that way, since you can move in and out of so many currencies and IOU issuers, Ripple could be very useful for arbitraging. Too early at this point, though.

[Richy_T]

Ripple is great, IMO. It has incredible potential as a payment system and is far more versatile than bitcoin in that regard. In that way, since you can move in and out of so many currencies and IOU issuers, Ripple could be very useful for arbitraging. Too early at this point, though.

Ripple will either end with a whimper, as people realize what a bad idea it is, or with a bang, as people find out what a bad idea it is.

[gizmoh]

Ripple is great, IMO. It has incredible potential as a payment system and is far more versatile than bitcoin in that regard. In that way, since you can move in and out of so many currencies and IOU issuers, Ripple could be very useful for arbitraging. Too early at this point, though.

Ripple will either end with a whimper, as people realize what a bad idea it is, or with a bang, as people find out what a bad idea it is.

What would prevent the US govt. from assimilating Ripple to a Central bank issuing its own currency/money?
I fail to comprehend how Ripple would be immune to such charges by authorities!

[MickeyT2008]

BTC-e, Bter and Vicurex are all still down

[krudkeeper]

BTC-e, Bter and Vicurex are all still down

What's going on, DDoS?

[MickeyT2008]

BTC-e, Bter and Vicurex are all still down

What's going on, DDoS?

I don't know, it wouldn't surprise me.  LTC gains value due to the Gox news of it being included soon, suddenly the alt-currency exchanges are all under attack - but from who?  (US government or banks? (same thing)).  It seems very unlikely that they'd all have system failures simultaneously.  Who stands to gain from this?

[notme]

BTC-e, Bter and Vicurex are all still down

What's going on, DDoS?

I don't know, it wouldn't surprise me.  LTC gains value due to the Gox news of it being included soon, suddenly the alt-currency exchanges are all under attack - but from who?  (US government or banks? (same thing)).  It seems very unlikely that they'd all have system failures simultaneously.  Who stands to gain from this?

Traders who want to shake confidence.

[ElectricMucus]

Ripple is great, IMO. It has incredible potential as a payment system and is far more versatile than bitcoin in that regard. In that way, since you can move in and out of so many currencies and IOU issuers, Ripple could be very useful for arbitraging. Too early at this point, though.

Ripple will either end with a whimper, as people realize what a bad idea it is, or with a bang, as people find out what a bad idea it is.

I take it you sold your ripples early? Sour Grapes?

[MickeyT2008]

Bter is back up (not that I use it), BTC-e and Vicurex are both still down