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

[yrtrnc]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.

anythin to create a buzz

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[JorgeStolfi]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

[seleme]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

That investment haven't promised anything, that's why there are handful of those that bought on bottom of that 10 000%, it just did it because it was revolutionary technology  

[Speedie]

This is interesting to me, the divergence between price highs (descending) and MACD highs (ascending) on the 4H chart continues to build. Any other TA guys notice this and wonder how it might play out in the face of the continued Gox BS? Normally it would suggest a strong chance of a large rally.

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Large rally while we're on a stong downtrend? How?

Well unless your ultimate end-point is zero, downtrends have to end at some point. The same is true for uptrends unless you're headed to infinity.

MACD is, simplistically, a measure of momentum extrapolated from the difference between two different exponential moving averages. If momentum as measured by MACD is showing increasingly higher highs while price shows lower highs, it is called a bullish divergence. Such a divergence often hints at the end of the preceding downtrend, or at the very least that a strong counter-trend rally is possible.

[zakalwe]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.

+1000

It takes patience to see an important innovation such as bitcoin to go to mainstream. But it's happening. These are "just" pattern accident (of course I'm absolutely sad for who's losing money!!!!!!)

[empowering]

how can we be goxed any further? market assumes the worst now, anything they say (e.g. being acquired) now would be seen as a positive.

"We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."

Okay, there has been one worst case left: Bitcoin itself is broken. That would be a turning point for the business.

At this point, I'm pretty sure the report is real and they have probably been acquired

Or that report is not totally true, but they have been acquired

[Rampion]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Plus, you have just written that Bitcoin is NOT a good investment right now... Are you shure? Price is almost half of its ATH. Let's speak in one year from now, ok?

[Adrian-x]

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

[empowering]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

Excuse me? What investment is promising 10,000% returns in 3 years? Please source.

You are trying very hard to embarass yourself, Mr. Stelfi - again and again and again.

Plus, you have just written that Bitcoin is NOT a good investment right now... Are you shure? Price is almost half of its ATH. Let's speak in one year from now, ok?

+1

[gizmoh]

BitcoinRain was a Brazilian "bitcoin investment fund" that operated from Oct/2011 to Apr/2013.  It took the investor's BTC and promised a minimum 9% monthly return in BTC to them.

Any fund that promises those kinds of returns is going to be a scam. That's a no-brainer. Nobody who makes real returns like that needs new investors.

Obviously so.  But what about an investment that promises a 10,000% return in 3 years?

Oh wait, bitcoin is an obvious scam, no brainer!

[kkaspar]

He is selling out, that's how I see this. Buying Gox.com domain is adding a bit of rebranding for the buyer.

If he is selling out, then this means that some rich bitcoin investors actually took responsibility and bailed out that exchange. I was calling for capable people to do that a couple of weeks ago. Got angry replies by most of the forum users for it, but it would be great if someone financially capable enough actually had the same vision.
I hope that they know that this acquisition doesn't mean anything if there won't be market regulations. They may have saved the bitcoin market system with saving gox, but without regulations there will be an increasing number of new goxes. All you have to do is build trust towards your exchange for a year, and then you will have enough loot to split with. Easiest profitable confidence trick of the modern times.

But anyway, I'm still skeptical about this acquisition rumor. History has shown that with MtGox, you can't be sure of anything.

[7thKingdom]

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

And the bitcoin foundation (who have been vocally very pro regulation) involved in all of it...

The perfect recipe for a juicy conspiracy.

[seleme]

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

[kkaspar]

Something big is happening under our noses. The same thing happened in the early 1900 in the banking industry when people stopped trusting banks.

1) an event big enough that makes Bitcoin demand taint - to track coins.

2) over 6000 people on Reddit at the moment learning Bitcoin is working properly and not to trust bad actors.

Who will win? Taint or freedom?

Freedom? Freedom to change the current banksters with the sharks and geeks of the bitcoin community?
With bitcoins wealth distribution, it's a joke to talk how bitcoin is about freedom. It's just about wealth redistribution and I'm not so sure that uneducated geeks are actually better then educated banksters. Both lack ethics and moral, but one at least knows what he's doing.

[Solarstorm75]

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

Full Ack!!!

[T.Stuart]

He is selling out, that's how I see this. Buying Gox.com domain is adding a bit of rebranding for the buyer.

If he is selling out, then this means that some rich bitcoin investors actually took responsibility and bailed out that exchange. I was calling for capable people to do that a couple of weeks ago. Got angry replies by most of the forum users for it, but it would be great if someone financially capable enough actually had the same vision.
I hope that they know that this acquisition doesn't mean anything if there won't be market regulations. They may have saved the bitcoin market system with saving gox, but without regulations there will be an increasing number of new goxes. All you have to do is build trust towards your exchange for a year, and then you will have enough loot to split with. Easiest profitable confidence trick of the modern times.

But anyway, I'm still skeptical about this acquisition rumor. History has shown that with MtGox, you can't be sure of anything.

I call for Bitcoin Jesus to lead the way and go all in!

[ChartBuddy]

Explanation

[Vigil]

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.

[seleme]

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.

I don't live in USA but USA is all that matters for Bitcoin to prosper. So, US regulation is coming and I am very happy for it.

[Dragonkiller]

jeremy liew asking lawsky to expedite regulation