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

[seleme]

Bitcoin lobbying was done long time ago, when that Senate Chairman from November got few thousands coins

If you seriously think that Bitcoin might have legal problems after what was said on November hearing and after that, than you live in your little XRP cuckoo land.

XRP is the next step for crypto you'll discover that in few months.

I have 400k XRP and will surely buy more if it drops a bit. That doesn't mean I think Bitcoin is going back to 50$ like you do since you sold yours for Ripple and fiat

[1618213936]

1618213936

[hmmmstrange]

Guys, I know we hear a lot of 'bad news', but this REALLY IS BAD NEWS, I urge you to consider selling now to buy back later at a lower price when the market has absorbed this. I'm 100% fiat as of 5 mins ago.

Troll.

You don't think one of the founders of the bitcoin foundation being arrested under money laundering charges isn't going to spook the market?

http://www.marketwatch.com/story/ceo-of-winklevoss-backed-bitcoin-company-arrested-2014-01-27?link=MW_latest_news

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

[mellowyellow]

Hyubi is like "what the fuck are you guys doing over there?"

Lol yeah, I was just thinking they must be thinking WTF - like we do when they get good / bad news

[mah87]

Bitcoin lobbying was done long time ago, when that Senate Chairman from November got few thousands coins

If you seriously think that Bitcoin might have legal problems after what was said on November hearing and after that, than you live in your little XRP cuckoo land.

XRP is the next step for crypto you'll discover that in few months.

I have 400k XRP and will surely buy more if it drops a bit. That doesn't mean I think Bitcoin is going back to 50$ like you do since you sold yours for Ripple and fiat

Not saying bitcoin is gonna drop to 50$ tomorrow. But maybe the day after tomorrow; when the time of regulation is passed and when better competitor will appear bringing REAL UTILITY we'll see if bitcoin don't burst ...

[GaliX]

Bitcoin lobbying was done long time ago, when that Senate Chairman from November got few thousands coins

If you seriously think that Bitcoin might have legal problems after what was said on November hearing and after that, than you live in your little XRP cuckoo land.

XRP is the next step for crypto you'll discover that in few months.

yea... probably not.

[seleme]

Bitcoin had much bigger shit happening and haven't give a flying one for more time

Sure, other shady exchanges got busted, and their operators were arrested or on the run. 

But so far the discourse was "those are peripheral incidents by outsiders, the core of the bitcoin movement is a bunch of honest people who are working within the law for the good of mankind." 

It will be rather difficult to say that after this arrest, no?  Who is the core of the Bitcoin movement, if it is not the Foundation?

There may be substantial tolerance for drug use in the US, but I don't think that it extends to drug  traffickers -- that is how the FBI is describing Shrem.

Shrem will get his medicine, and we move on. I hope you really don't think that politics is done on that way. It's based around interests, mostly private ones, and if there was no interest to keep Bitcoin going, it would be shut down long time ago. Sinve there obviously is, and since this investigation was ongoing for months, Senate committee in November said - you're free to go guys, we'll deal with bad boys from your group and you just keep making us rich

[magicmexican]

Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism and doesnt even know whats going on.

[seleme]

Bitcoin lobbying was done long time ago, when that Senate Chairman from November got few thousands coins

If you seriously think that Bitcoin might have legal problems after what was said on November hearing and after that, than you live in your little XRP cuckoo land.

XRP is the next step for crypto you'll discover that in few months.

I have 400k XRP and will surely buy more if it drops a bit. That doesn't mean I think Bitcoin is going back to 50$ like you do since you sold yours for Ripple and fiat

Not saying bitcoin is gonna drop to 50$ tomorrow. But maybe the day after tomorrow; when the time of regulation is passed and when better competitor will appear bringing REAL UTILITY we'll see if bitcoin don't burst ...

Well, keep waiting for that. What else I can say.

[Holliday]

Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism and doesnt even know whats going on.

Would you sell coins on Gox right now?

[ShroomsKit]

Guys, I know we hear a lot of 'bad news', but this REALLY IS BAD NEWS, I urge you to consider selling now to buy back later at a lower price when the market has absorbed this. I'm 100% fiat as of 5 mins ago.

Troll.

You don't think one of the founders of the bitcoin foundation being arrested under money laundering charges isn't going to spook the market?

http://www.marketwatch.com/story/ceo-of-winklevoss-backed-bitcoin-company-arrested-2014-01-27?link=MW_latest_news

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

Don't be silly. This is not really good news.
But it's also not worth going down 200 dollars for. But who knows. Sheep are sheep.

[seleme]

It's always fun to see all those alts burn on bear days.

It's always a time to buy alts in moments like this

Last time we visited 780 (few days ago) I made 30% on PPC in less than 24 hours. Alts stayed much stronger this time though so far.

[TERA]

So it looks like I was wrong about the stabilization after all.

[MonadTran]

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

While I'm not going to sell bitcoins just because of this, I do think this is terrible news. A person has just been put in jail, on bogus "trading with some people, who might have been trading with some other people, who might have been selling plants to people" charges. Seeing certain individuals in Bitcoin community dump the guy, just because he's "not an asset" or something, is making me sad and angry. I would guess you and me are sort of "not an asset" types either, even more so than Charlie. So what, does it mean we deserve to be locked up?

[seleme]

So it looks like I was wrong about the stabilization after all.

We're currently 3% below where we were before the news. Hardly destabilization so far.

[MANofthePEOPLE]

it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  

[MikeH]

hmm, just noticed Shrem is Jewish - do they go to jail in the US?

[Peter R]

Hmm...I think I may have placed my bids too low.  

I guess they call it day-tarding for a reason  

[seleme]

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

While I'm not going to sell bitcoins just because of this, I do think this is terrible news. A person has just been put in jail, on bogus "trading with some people, who might have been trading with some other people, who might have been selling plants to people" charges. Seeing certain individuals in Bitcoin community dump the guy, just because he's "not an asset" or something, is making me sad and angry. I would guess you and me are sort of "not an asset" types either, even more so than Charlie. So what, does it mean we deserve to be locked up?

We don't know that. If they don't have explicit proofs of him being part of organized crime group then it's certainly stupid arrest and his lawyers would deal with it pretty easily.

But maybe they have that proof and are not stupid to do it without it. I don't know guy, so I certainly won't take his corner just like that.

[porcupine87]

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

2 hands.
One hand: Look, Bitcoin is used of illegal actions. We must restrict Bitcoin.
Other hand: Look, the bad guys have no chance with Bitcoin. Bad guys get the signal to use cash.

It is like with the fall of Silk Road. Many people thought, this is really bad. Other people thought, that is not really bad.

But Charlie who? Never heard of him. But I heard of the Russia...

[TERA]

So it looks like I was wrong about the stabilization after all.

We're currently 3% below where we were before the news. Hardly destabilization so far.

I was being sarcastic. Yesterday the bulls were saying CCMF and I said we'd probably stabilize at 810 instead.