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

[WeltMaster]

UGUU ITS ALL OGRE



https://www.youtube.com/watch?v=bUFWXpYJKaI

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[celebreze32]

https://www.cryptocoinsnews.com/russian-finance-ministry-proposes-a-2-year-prison-sentence-for-bitcoin-adopters/

Been brewing for awhile...

Bitstamp Bans Access from Russia "Temporarily"
"Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the company’s decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site."

“To ensure compliance with the new regulatory regime, protect affiliate service providers, and most importantly – protect our valued customers in Russia – Bitstamp has decided to temporarily block access to its website from Russian IP addresses until we can assess the situation with more clarity.”

It begun!

Russian Bear Fed Up With Bitcoin Bullshit

Russia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.

Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.

Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).

What happens to Russian Bitstamp customers money and Bitcoins if Bitstamp won't let them access their accounts? Bitstamp must be able to identify all its Russian customers because it forces all customers to submit KYC documents. I would hate Bitstamp if it told me I couldn't have my money back for my own protection.

Will Bitstamp decide to permanently keep all its Russian customers money for their own protection?

[ChartBuddy]

Coin



Explanation

[jbreher]

.... come back to bitcoin from altcoins like ETH.

According to coinmarketcap, as of yesterday, Bitcoin's share of the entire crypto space was 88%. That seems around last year's mean, if memory serves. IOW, there has not been a significant recent flight from Bitcoin to alts.

[LFC_Bitcoin]

Price is slipping downwards again. Surely we won't retest 350? I'm loading up again if we get around that kind of price.

[jbreher]

RIPPLE .

Hey - remember back when Ripple's market cap was greater than Bitcoin's? Yeah - those were the days.

[iCEBREAKER]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

[celebreze32]

RIPPLE .

Hey - remember back when Ripple's market cap was greater than Bitcoin's? Yeah - those were the days.

I read a CoinDesk story about ripple today and there was a footnote saying the company that owns CoinDesk is an investor in the company that runs ripple. That's news to me. I have read loads of CoinDesk stories about ripple and I always thought they were unbiased. If I'd known CoinDesk was a ripple investor I wouldn't have taken those stories at face value.

[blunderer]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Monero is the in-game currency for My Little Kingdom, right?

[coins101]

Need a breakout, people

[gentlemand]

I read a CoinDesk story about ripple today and there was a footnote saying the company that owns CoinDesk is an investor in the company that runs ripple. That's news to me. I have read loads of CoinDesk stories about ripple and I always thought they were unbiased. If I'd known CoinDesk was a ripple investor I wouldn't have taken those stories at face value.

Coindesk should not be taken all that seriously regardless of the subject. They've promoted blatant scams in the past and have helpfully censored the subsequent comments. Certain companies have never attracted one single critical article which says all one needs to know. I don't think there's much or any proper journalism taking place there.

[Fatman3001]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Yup. No risk whatsoever.

I think you should move to Russia and preach the gospel of Monero.

How can you lose?

[ChartBuddy]

Coin



Explanation

[Elwar]

RIPPLE .

Hey - remember back when Ripple's market cap was greater than Bitcoin's? Yeah - those were the days.

I read a CoinDesk story about ripple today and there was a footnote saying the company that owns CoinDesk is an investor in the company that runs ripple. That's news to me. I have read loads of CoinDesk stories about ripple and I always thought they were unbiased. If I'd known CoinDesk was a ripple investor I wouldn't have taken those stories at face value.

CoinDesk was recently acquired by another company.

[rekinthis]

the price is dropping more and more, i hope that it will bounce back soon

[WeltMaster]

the price is dropping more and more, i hope that it will bounce back soon

nah mate

to le core

:^)

ether to mun xD

[billyjoeallen]

I'm the king of sideways. Makin' mo $$$$$$$$$.

Margin funding interest rate is down a bit and that concerns me, but we are close to a 4 hr Moving average crossover, and there might be a short term pump. I just don't wanna play anymore. Not with ~20% APR guaranteed.

Everything everything is so damn risky. Even if there is a consensus on larger blocks, there will prolly be a spike before I even find out about it. I'll have to get in on the retracement. So what? I'm not counting coins anymore. I'm just looking for ROI.

Price will likely double or more with 2MB blocks so what are the damn miners waiting for?  Is basic economic literacy really so rare?

u shouldnt keep all your money in fiat.. you really should consider buying pms. an economic reset with a revaluation of gold to much higher prices would solve a lot of the central bank problems instantly ... bitcoin does not have that same ability that i am aware.

There's no way of really knowing what would happen in a SHTF scenario. It's past the singularity. PMs will always have some sort of value, but it may be lower than today's. No, what you need is flexibility to adapt to a situation that could radically change lightning quick. For that, nothing beats cash- the most liquid asset. 

People are using the money they save on lower fuel prices to de-leverage, which means that we actually have some disinflation as the fractional reserve money multiplier runs in reverse.  We're near the zero bound on interest rates. Things will have to get substantially worse before the FED and USGov start outright printing money.   

[bitebits]

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins.

Bitcoin's transparent ledger is both beautiful and scary at the same time. It's transparency enables applications beyond imagination, but at the same time it is a wet dream to every government or TLA (Three Letter Agencies).

[coins101]

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins.

Bitcoin's transparent ledger is both beautiful and scary at the same time. It's transparency enables applications beyond imagination, but at the same time it is a wet dream to every government or TLA (Three Letter Agencies).

I think I read somewhere that Coinbase let one of the AML businesses have access to their nodes, so they can track what people are doing.

[ChartBuddy]

Coin



Explanation