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

[ChartBuddy]

[wachtwoord]

http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

a lot of shit is gonna go down soon
i'm happy to be part of the bitcoin world, always exciting news  

Translation from reddit:

"Please, if I could have your attention. Allow me to translate, for your amusement, from legalese into plain English of people doing things.

People using their money in ways we don't like.-- We understand that Bitcoins and other forms of peer-to-peer digital currency can be used by people we dislike who do things we have prohibited, sometimes competing with us on terror activities, to transfer and spend money in ways we cannot spy upon or stop. News reports show that Bitcoins have been used to help Edward Snowden. We want the people doing business as "the FBI" to conspire with a bunch of other d.b.a's to tell us, in less than 120 days after this new commandment we just made up, how this "ersatz currency" (hehe, see what we did there?) affects our organized racket, in terms of both helping the businesses of people we have declared as "enemies" and in out-competing our buddies the bankers. The info must outline a conspiracy to sabotage Bitcoin's features, identifying people, money and other resources that will be necessary for this sabotage.
Phew. I thought my poor Model M was gonna smolder under the weight of translating so many sophisms, newspeak neologisms, half-truths, and veiled threats.
Aaanyway: https://rudd-o.com/archives/its-official-the-racketeers-are-onto-bitcoin for the same version but permalinkable.

Conclusion: the most powerful terrorist organization that has ever existed in the world, with the actual power to literally murder everyone if they so chose, is preparing to attack Bitcoin directly. It's about to get real."

That translation pretty much nailed it.

Then they fight you ....

For a lot of people, shit just got real

[ChartBuddy]

[samson]

http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

a lot of shit is gonna go down soon
i'm happy to be part of the bitcoin world, always exciting news 

both in financing illegal enterprises and in undermining financial institutions

It begins....

[ChartBuddy]

[NamelessOne]

I enjoyed watching that. 

[elux]

[capsqrl]

Weekly high, that's nice. I guess it's all the regulation news? Or the 36% difficulty jump?

[lucas.sev]

Weekly high, that's nice. I guess it's all the regulation news? Or the 36% difficulty jump?

no its a big buy and people follow

[Tzupy]

I'm uncertain if what follows is a 3 $ rise in a mini-rally or a 8 $ rise in a full rally. 

[phatsphere]

break of yet another small upper trendline is in the works:



… let's see how it unfolds.

[hmmmstrange]

http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

a lot of shit is gonna go down soon
i'm happy to be part of the bitcoin world, always exciting news 

both in financing illegal enterprises and in undermining financial institutions

It begins....

This may be very good for bitcoin. With 55% of americans believing that Snowden is a whistleblower and having no way to support him with cash, many may be inclined to learn more about bitcoin. This should get a lot of coverage by the mainstream news, especially if a substantial amount of btc is donated to Snowden's case.

[elux]

Weekly high, that's nice. I guess it's all the regulation news? Or the 36% difficulty jump?

“The more folks that we talked to related to this issue, it became very clear to us that this is not a sort of technology that’s going away,” a committee aide said. “This isn’t something that’s a flash in the pan. It’s something that’s going to be with us.”

“As with all emerging technologies, the federal government must make sure that potential threats and risks are dealt with swiftly,” the senators said in the letter. “However, we must also ensure that rash or uninformed actions don’t stifle a potentially valuable technology.”

http://www.politico.com/story/2013/08/congress-starts-looking-into-bitcoin-95464.html

[Traktion]

Triple top forming since the first started at the end of July? Third peak on falling volume. Thoughts?

[Walsoraj]

Triple top forming since the first started at the end of July? Third peak on falling volume. Thoughts?

single digits by Friday

[ElectricMucus]

Triple top forming since the first started at the end of July? Third peak on falling volume. Thoughts?

sure why not.

[ElectricMucus]

Triple top forming since the first started at the end of July? Third peak on falling volume. Thoughts?

single digits by Friday

Welcome to the piss yellow club. You went there pretty fast.

[lucas.sev]

Triple top forming since the first started at the end of July? Third peak on falling volume. Thoughts?

single digits by Friday

Welcome to the piss yellow club. You went there pretty fast.

He forgot to relog to jaroslaw

[Tzupy]

IMO the market isn't following yet, and the whale buyer doesn't want it to follow.
He depletes seller resistance, without triggering a full rally, thus optimizing his purchase cost.
He'll only act when the market is about to buy his targeted coins. If the predicted price rises
quickly to 110, then we'll see another whale buy. And it seems we are going there.

[Wekkel]

From a broader perspective, I consider the market just drifting up and down. The question whether up or down has not been resolved yet. I cannot construct good arguments for either direction so I'll just wait what happens the next 2 months. A trading horizon that probably does not fit this thread very well.