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

[LightRider]

So no interest on the rainbow gradient suggestion?

[crazy_rabbit]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

EDIT: these surprise price swings are exactly why I don't pay for ASIC's in Bitcoin.

[molecular]

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

To be honest, I expect some good news this week. Those were large buys by a few players, not a crowd-driven rally.

[Ares]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

[bitcryptonit]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

maybe they are buying those bitcoins now before they tell...

[crazy_rabbit]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

Maybe frustrating, but it's not insulting. Maybe they need time to digest with their lawyers about what everything means.

[crazy_rabbit]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

maybe they are buying those bitcoins now before they tell...

I don't think they need any more bitcoins at the moment. If I recall correctly Gox gave them 10,000 BTC awhile back to be a lifetime member. So I think they are set for awhile. :-)

[Ares]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

maybe they are buying those bitcoins now before they tell...

So are all of them just selfish insider traders? I would like to think otherwise. Fortunately, if there was some devastating news, I would expect at least one of them to have the conscience to come forward with it, so I THINK we can rule that out.

[Ares]

What just happened?

Someone heard some good news before we did? At least i hope that's the case.

Probably good gox news that's not public yet....

If it's Gox news I would rather guess it's bad news.

Maybe, but there was a big meeting with the US government yesterday. Maybe something positive came out of it.

I don't understand why the Bitcoin Foundation is being silent on this. Seriously, can't one of them just tweet "meeting good", anything? Very frustrating, and frankly insulting.

Maybe frustrating, but it's not insulting. Maybe they need time to digest with their lawyers about what everything means.

I'm sure they could give us some indication as to the general outcome of the meeting without a lawyer. The future of a lot of people's finances and businesses are riding on this very issue. Maybe Gox has ruined all my tolerance for silence on important issues, but I still think some comment would be appropriate.

[XxionxX]

Holy shit dude, what just happened!? This is like the kind of movement we had 5 months ago. I didn't expect to see us make a break for $140/150 until at least December. Does somebody know something I don't? My eyes just about popped out of my head when I looked at my phone just now. I immediately opened my laptop and opened all of my charts and indicators 0_0 ALL HANDS ON DECK!! THERE BE WHALES IN THESE WATERS!!

As a side note, why did he make his purchase like this? Seems like he would lose a lot in slippage. Is this market manipulation?

[LightRider]

Government industry collusion is not a transparent process.

[barbs]

when i see at 4 AM these huge buys and a 2m on bid between the price when i went to bed, it hardly makes me think it's organic growth but then again what is the differnece between this and the stock market?

[Ares]

Holy shit dude, what just happened!? This is like the kind of movement we had 5 months ago. I didn't expect to see us make a break for $140/150 until at least December. Does somebody know something I don't? My eyes just about popped out of my head when I looked at my phone just now. I immediately opened my laptop and opened all of my charts and indicators 0_0 ALL HANDS ON DECK!! THERE BE WHALES IN THESE WATERS!!

As a side note, why did he make his purchase like this? Seems like he would lose a lot in slippage. Is this market manipulation?

Yes.

The Bitcoin Foundation met with various US Government agencies today to discuss Bitcoin. We haven't gotten word on how those meetings went, but there are definitely people out there who know things we don't.

Whether those things are good or bad is still up for debate. One would want to lean towards good, but considering the Gox withdrawal issues with USD, this could be people "in the know" getting out of there asap because of incoming bad news.

This week will be interesting. Like it always is. Bitcoin.

[xorglub]

2 possibilities :
* very good news we don't know about yet and whales are loading up on BTC while it's still "cheap"
* imminent Gox failure and whales are trying to get out

[ChartBuddy]

[kehtolo]

This suspense is killing me!!!

I wanna know what happened at that meeting.. and i wanna know what's happening with the one later today.

That kind of volume as someone pointed out, can only mean one thing or the other..

A. Taking a big(er) position or
B. Dumping and getting out before the shit hits the fan.

I hate being a small guy and not knowing whats going on. Obviously someone does know which way the wind is blowing and they're keeping schtum.

Frustration!. If anyone finds out any related news, can they please let us know? - thank you,

[XxionxX]

This suspense is killing me!!!

I wanna know what happened at that meeting.. and i wanna know what's happening with the one later today.

That kind of volume as someone pointed out, can only mean one thing or the other..

A. Taking a big(er) position or
B. Dumping and getting out before the shit hits the fan.

I hate being a small guy and not knowing whats going on. Obviously someone does know which way the wind is blowing and they're keeping schtum.

Frustration!. If anyone finds out any related news, can they please let us know? - thank you,

Well there is an easy way to take advantage of both A & B.

Hold on for the ride A, or B set a reasonable/lowish sell point and gtfo while the getting is good. And even if you still believe in btc after the fall, you will have a bunch of fiat ready to buy back in 

[bitcodo]

And what would very good news be? US switching from $ to BTC?
Bad news? Can gox be in even bigger trouble?
Maybe just speculation and/or manipulation.

[derpinheimer]

I dont understand.. if the news was bad and bitcoin was going to drop... why havent we seen dumping on the exchanges with working USD withdrawals? It has been long enough for that by now.

[kehtolo]

Ok, I found this - looks positive, but it's only really soundbites, not a full report. Still better than nothing!

http://upstart.bizjournals.com/money/loot/2013/08/26/bitcoin-foundation-talks-to-fed-fbi-more.html

Bottom line - “Entrepreneurs who want to get into Bitcoin should dive right in,” said Vessenes, who serves as the organization’s chairman. “Of all the concerns behind starting a company, regulation should be one of the last.”

and -

He described his fellow meeting participants, which also included representatives from the Treasury Department, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the IRS as “positive and open, a bunch of reps from different agencies just wanting to learn about Bitcoin." Adding, "Of course they have concerns but that’s to be expected."