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

[Crazy]

what about the ones that have bank accounts and promote banks and have money in tax havens.  Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.

I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so?

[macsga]

I'd actually like to know how many writers that published positive BTC news articles actually own BTC and neglect full disclosure. Curious if that would violate some laws due to conflict of interest. You know things might shift when you get the media doing the pumping for ya.

what about the ones that have bank accounts and promote banks and have money in tax havens.  Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.

+1

[neutrinox]

what about the ones that have bank accounts and promote banks and have money in tax havens.  Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.

I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so?

Yeah but come on you can make the same accusation for pretty much anything the reporters write about. Maybe they own an iPhone and give nice reviews for them, which basically strengthens the ecosystem and thus benefits the reporters. Or maybe they write a nasty story about democrats because they like republicans better. How about giving US economics positive articles because they live in US and don't want to have a depression? They could also throw dirt at bitcoin simply because their boss tells them to do so, because the boss has an interest to keep bitcoins from spreading. Drawing the lines becomes quickly impossible.

[callezetter]

Now why would someone in China decide to drop so much BTC on sunday is another question

To make money off of the poor trading decisions made by others.

How about alot of fiat is coing in this week (no brainer). And their "friends" want to set them up nice, low
and healthy ventilated for the coming week?

[Crazy]

what about the ones that have bank accounts and promote banks and have money in tax havens.  Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.

I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so?

Yeah but come on you can make the same accusation for pretty much anything the reporters write about. Maybe they own an iPhone and give nice reviews for them, which basically strengthens the ecosystem and thus benefits the reporters. Or maybe they write a nasty story about democrats because they like republicans better. How about giving US economics positive articles because they live in US and don't want to have a depression? They could also throw dirt at bitcoin simply because their boss tells them to do so, because the boss has an interest to keep bitcoins from spreading. Drawing the lines becomes impossible.

I think all those benefits would be quite marginal, if even recognizable. Consider that people on TV who speak positively of equities of which they have a stake but don't disclose their position can be fined or jailed for that (at least, I believe so).

[neutrinox]

I think all those benefits would be quite marginal, if even recognizable. Consider that people on TV who speak positively of equities of which they have a stake but don't disclose their position can be fined or jailed for that (at least, I believe so).

Yeah but think about what you are implying. You are basically saying that anyone in the media who owns bitcoins can't talk positively about bitcoins (without always mentioning they have some). I think that's absurd. It's like I would have to mention I own euros every time I say something nice about EU.

[Crazy]

No because you would see no significant gain from mentioning something positive about Euros.

[ChartBuddy]

[neutrinox]

No because you would see no significant gain from mentioning something positive about Euros.

You can say the same about bitcoins. With a 12 billion dollar market cap it's not very easy anymore for one person to move the price.

And what if I own some Apple stocks trough a hedge fund or something? Should I not be allowed to say publically that I think iPhones are nice phones?

[gandhibt]

very healthy bids at stamp, there are over 1000 coins worth USD at 1000 USD, no big single walls, people want to buy cheap coins

[Crazy]

You can say the same about bitcoins. With a 12 billion dollar market cap it's not very easy anymore for one person to move the price.

And what if I own some Apple stocks trough a hedge fund or something? Should I not be allowed to say publically that I think iPhones are nice phones?

I don't know. Just thinking aloud. It'd probably be limited to anything considered financial advice, not necessarily just positive reporting.

[BTCTRADERZ]

very healthy bids at stamp, there are over 1000 coins worth USD at 1000 USD, no big single walls, people want to buy cheap coins

/\12OO = I load the boat ~ Wall Street is sleeping!  LOL!!!

[adsdas]

aaah soon enough we get to see some cheap bitcoins again

[Crazy]

Man if 6500 CNY doesn't hold, shit's about to get hectic.

[Mirsad]

Man if 6500 CNY doesn't hold, shit's about to get hectic.

We go DOWN hard! WOOOOOHOOO
Fasten your seatbelts BULLS! That's gonna hurt.

[mmitech]

I am really curious about this crash/correction, will it settle at 900 or less ? lets all watch and see

[silvermario]

Man if 6500 CNY doesn't hold, shit's about to get hectic.

We go DOWN hard! WOOOOOHOOO
Fasten your seatbelts BULLS! That's gonna hurt.

SINGLE DIGITS!!!!!oneoneone

[mmitech]

few hours and US wakes up, what will happen then ? 800 ? hahahaha 

[seanneko]

Gox will be $1150 within the hour.

[windjc]

I am really curious about this crash/correction, will it settle at 900 or less ? lets all watch and see

Yeah, this one looks a little different than "normal" with its rounded top.

Market acting like its over bought. But we have had 10 straight up days in a row on Gox.

There's a little battle going on here with confidence in the market. I think the air is a little thin for some at these altitudes. It may take more time for people to feel comfortable with 1000+ coins.

Long term this is bullish, IMO. The more stability and blow offs we can have, the better.