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

[MickeyT2008]

Hoping for a dead cat bounce here - can we have a bigger fall please?
I have some cash still, and I want cheap coins!

Is this what you meant?

[ChartBuddy]

[adamstgBit]

UP!

[runlinux]

http://www.youtube.com/watch?v=Lzl5t1Sracc

Heh, I remember that! I bought a few hundred at $6.xx

[Nightowlace]

...and welcome to the New York Post.  

Dwolla, a firm that handles transactions from Mt. Gox, has revealed that the agency has ordered it to stop dealing with Mt. Gox and to freeze the exchange’s account.

It is unclear how much money from US customers is at risk, but sources said traders would have a hard time getting US dollars out of Japan-based Mt. Gox.

http://www.nypost.com/p/news/business/crackdown_on_bitcoin_exchange_jdjp9NaLCdypnhcu6JBQLN

Also a quote from same article
"Sources said if Japan’s Mt. Gox is taken down an opportunity would arise for a major exchange to flourish in the US."

It's all a conspiracy.

Ripple/Google news on same day??  I'm not one for tin foil but hey, it's not outside of the realm of possibility.  I just feel like this is a warning shot, designed to show who's boss and to force compliance.  In a matter of hours, it seems to be working and the party is just getting started.

It is interesting how Mt.Gox takes a blow on the same day that mega giant Google announces investment in Ripple. Maybe it is a conspiracy.

[adamstgBit]

http://www.youtube.com/watch?v=Lzl5t1Sracc

Heh, I remember that! I bought a few hundred at $6.xx

those were the days

i'll never forget when bitcoinia triggered this MASSIVE  long squeeze, price dropped like a rock then everyone comes on the fourm " ya i got zolathunged! "

then the price literally skyrocketed right back to 7.20

it was fun i made a few $ trading that day  

[Frozenlock]

They were leveraged long?

[telemaco]

This too shall pass...

If and when it does we see $200 again

If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year.

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.

might not have to be a country, rather an office in international waters?  https://bitcointalk.org/index.php?topic=199424.0

How about a Bitcoin exchange located on this?
http://aboardtheworld.com/our_story
Completely untangled from government regulation

really like your posts. every single one of them is intelligent and well thought. I did read about that ship and people living on it many years ago. What a wonderful idea.

[Kazu]

It looks like were safely into "then they fight you" territory right now.

[adamstgBit]

They were leveraged long?

yes

[Frozenlock]

They were leveraged long?

yes

Because Bitcoin isn't volatile enough! 

[adamstgBit]

They were leveraged long?

yes

Because Bitcoin isn't volatile enough!  

mostly it was because noobs where trading on 1:10  


but i think leveraged trading can bring some stability to bitcoin
lend your bitcoins at 20% interest at
https://www.bitfinex.com/
 

[telemaco]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

[telemaco]

They were leveraged long?

yes

Because Bitcoin isn't volatile enough!  

mostly it was because noobs where trading on 1:10  


but i think leveraged trading can bring some stability to bitcoin
lend your bitcoins at 20% interest at
https://www.bitfinex.com/
 

Lending: Put your loan offers to leverage trades of margin traders. Enjoy great interest rates (currently 70.7% a year for dollars, 9.8% a year for bitcoins) on dollar and bitcoin deposits with very low risk.


10% for BTC a years does not seem so good for me. You are taking the risk of BTC losing a lot of his value or the possibility to use volatility to your own interest. And you can find better interests on btcjam.com

[dexX7]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

Don't underestimate the power of the mass/internet. If there is something official out there, it will soon pop up. Insider information aside.

[Kazu]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

The law in america is some kind of joke. Essentially you can just randomly sue people and keep them locked up in court for eternity as long as the government likes you (i.e, keeps on accepting your appeals).

[Ultraviolet]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

Someone looked it up and couldn't find it. Came to the conclusion it was filed under seal.

[telemaco]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

The law in america is some kind of joke. Essentially you can just randomly sue people and keep them locked up in court for eternity as long as the government likes you (i.e, keeps on accepting your appeals).

Probably that is the real truth all over the world, law is only for the poor. I think New Zealand was the country of the world with the lowest corruption rate and just a couple of phone calls, a small push from the american embassy and they sent Dotcom to jail just like that.

[telemaco]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

mt gox seizure? link or context. i think i missed something

yeah sorry that was not exact. I suffer from a serious lack of vocabulary due to my poor english skills.

[MickeyT2008]

Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?

on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.

mt gox seizure? link or context. i think i missed something

http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/