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

[hmmmstrange]

Just bought some crap on ebay using bitcoin through gyft!

[1713576749]

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[lebing]

I agree not very good theory, do you have one?

Yes, demand & greed fueled the bubbles. Just like it will fuel the next ones and fear fueled the crashes like we are seeing now. Normal human behavior.

[adamstgBit]

Just bought some crap on ebay using bitcoin through gyft!

oh ya i meant to try that.

how goes it?

[poncho32]

Ego Pay is facing problems and I don't think it will last long without going Gox:

http://www.coindesk.com/bitcoin-exchange-egopay-freeze-client-funds/

How low will prices go when the worse happens?

I've never heard of them and their name sucks, so I dont know what to say about this.

I have full faith and confidence in bitstamp.

I heard the name somewhere, but that's all. They are not even listed on the coinmarketcap bitcoin exchanges. How big are they?

[Brewins]

Ego Pay is facing problems and I don't think it will last long without going Gox:

http://www.coindesk.com/bitcoin-exchange-egopay-freeze-client-funds/

How low will prices go when the worse happens?

I've never heard of them and their name sucks, so I dont know what to say about this.

I have full faith and confidence in bitstamp.

I heard the name somewhere, but that's all. They are not even listed on the coinmarketcap bitcoin exchanges. How big are they?

They are a payment processor that accepts btc, not an exchange

[poncho32]

Ego Pay is facing problems and I don't think it will last long without going Gox:

http://www.coindesk.com/bitcoin-exchange-egopay-freeze-client-funds/

How low will prices go when the worse happens?

I've never heard of them and their name sucks, so I dont know what to say about this.

I have full faith and confidence in bitstamp.

I heard the name somewhere, but that's all. They are not even listed on the coinmarketcap bitcoin exchanges. How big are they?

They are a payment processor that accepts btc, not an exchange

Do they have massive volume?

[hmmmstrange]

Just bought some crap on ebay using bitcoin through gyft!

oh ya i meant to try that.

how goes it?

Great, easy, essentially it's just paypal.

edit: only can use $500 worth of cards at a time. sucks

[ivyleague1985]

Mark could have used Mt. Gox to money laundry the dirty cash for the Silk Road. It think it is more plausible than the pumping theory.

He could do pumping by a bot, why bother by using real fiat from the Silk Road?

[adamstgBit]

100$ says tomorrow mark will say he's sorry

https://www.youtube.com/watch?v=iYFPRyjmv8o

[JamesBrown]

This BTC roller coaster has me totally slacking AFK

Wild volatility and volume, trendlines broken, chaos, blood.
Then there is fake volume news, bitstamp news, Karpeles&Ulbricht news, a couple of companies turned scammers, a couple of companies closing doors/filing for bankruptcy.
More to come tomorrow... was price rise a bull trap or a reversal, btc miami conference with garza and winklevosses, some weird fat guy on twitter and his life changing news.

[billyjoeallen]

is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run.  Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.

How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.

Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.

Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).

I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks. 



 

[Eamorr]

is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run.  Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.

How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.

Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.

Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).

I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks. 



 

Potential bank run in the small Greek banks? So what.

What's the worst that can happen? The ECB step in and take over the banks' assets and loan books?

And besides, Greece is about 1% of the Euro (if even).

[hmmmstrange]

is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run.  Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.

How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.

Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.

Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).

I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks. 



 

One person made the decision to un-peg the CHF/EUR. One person can't make those decisions in bitcoin land.

[AmazonStuff]

This is my theory, Mark is not A DPR, Ross is. Ross is the mastermind behind SR and when you are dealing with something like SR, its not easy to cashout. So he probably made some sort of money laundering agreement with Mark to help him cashout. Authorities found connection by tracking bitcoin movement and they pushed Mark. Mark is not a hero, he is probably afraid of his own shadow and he probably broke and made an agreement with authorities to reveal who DPR is and agreed to hand out 850 000 BTC for his freedom, to destroy biggest btc exchange and to vanish and never get involved in bitcoin again.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Brewins]

is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run.  Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.

How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.

Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.

Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).

I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks. 



 

LOL USA secure papers?

They debts increase year after year, they are the world's biggest creditors.

If not by having USA in name no one would want them

[TooDumbForBitcoin]

COIN = no, therefore BTC = down.

[BlindMayorBitcorn]

This London four-punch still at it

[WeltMaster]

Like seriously why are these bears selling.

Do they not know how to trade  



Oh well, I do love bear skins

[barbs]

Is this the end of BTC ??