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BayAreaCoins
Legendary
Offline
Activity: 3906
Merit: 1240
Owner at AltQuick.com & FreeBitcoins.com
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January 27, 2015, 07:06:22 PM |
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Does anyone else feel like Coinbase rickrolled us or is that just me....
After thinking on it for another night it just looks more and more clear.
I'm 99% sure at this point.
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 27, 2015, 07:07:31 PM |
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Nah, it's double bottom....
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MonadTran
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January 27, 2015, 07:13:52 PM |
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Why aren't the Greeks and Russians buying?
Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation.
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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January 27, 2015, 07:19:57 PM |
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http://www.fincen.gov/news_room/nr/pdf/20150127.pdf FinCEN Fines Oppenheimer & Co. Inc. $20 Million for Continued Anti-Money Laundering Shortfalls
Suspicious Penny Stock trading and Pump-and-Dump Schemes Not Flagged and Foreign Correspondent Customer Allowed to Conduct Prohibited Activity ....
From 2008 through May 2014, Oppenheimer conducted business without establishing and implementing adequate policies, procedures, and internal controls reasonably designed to detect and report suspicious activity. FinCEN identified 16 customers who engaged in patterns of suspicious trading through branch offices in five states. All the suspicious activity involved penny stocks, which typically are low-priced, thinly traded, and highly speculative securities that can be vulnerable to manipulation by stock promoters and “pump-and-dump” schemes. Oppenheimer failed to report patterns of activity in which customers deposited large blocks of unregistered or illiquid penny stocks, moved large volumes of penny stocks among accounts with no apparent purpose, or immediately liquidated those securities and wired the proceeds out of the account. ...
Do you think bitcoin exchanges are properly monitoring and reporting such activities? ^ This will be the end of bitcoin altcoins. fixed it for you
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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January 27, 2015, 07:21:11 PM |
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LOCALBITCOINS HACKED. DO NOT DOWNLOAD ANYTHING THE SUPPORT SENDS YOU.https://localbitcoins.com/forums/#!/ Personally never used that shite site, but if you do, don't get fucked. Those digital tokens must be very worthless. I see way to many people not taking care of them precious
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 27, 2015, 07:29:35 PM |
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Why aren't the Greeks and Russians buying?
Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation. Greeks don't have any money to buy. Some of us have some BTCs though
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JorgeStolfi
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January 27, 2015, 07:30:25 PM |
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The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
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cmacwiz
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January 27, 2015, 07:35:28 PM |
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chart buddy is rapidly evolving
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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January 27, 2015, 07:35:58 PM |
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I still don't know what caused the mini-bubble that started on 2014-05-20
Maybe I know what did. Key resistance point on a long term trend line in a chart other than BTC/USD (or any other FIAT). Would like to share, but the image is on another computer at the moment. I'm pretty sure it was caused by pure technical analysis because the line has some other very interesting cross points as well.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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January 27, 2015, 07:36:10 PM |
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The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
You are aware that a single 3.5 million dollar market order on bitfinex takes the price up to 470 dollars. If big money wants the price to rise, it rises, or falls or whatever they want, and for tiny amounts of cash in wall street terms. There is a limit to what can be shorted (available btc for lending) on Western exchanges, but a single motivated individual (say Tim Draper) could at any moment drive up the price and keep it there. Imagine if the price was pumped to 400 by a big buy and then a 50 million dollar bid support wall appeared on coinbase.
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DaRude
Legendary
Offline
Activity: 2775
Merit: 1787
In order to dump coins one must have coins
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January 27, 2015, 07:38:47 PM |
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The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
Chinese exchanges are consistently lower than western. That tells me that China is cashing out and is arbed to west. When you see Hooboy's price higher than stamp thats when China would be leading the uptrend
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TankHankerous
Jr. Member
Offline
Activity: 55
Merit: 1
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January 27, 2015, 07:43:35 PM |
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Before bitcoin can sustain any real value the general population need to not necessarily understand how bitcoin works but more importantly how to secure them. A user friendly interface for using bitcoin would definitely help mass adoption also.
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pinky
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January 27, 2015, 07:44:07 PM |
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Dammit, I guess we can now continue with downtrend.
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kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
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January 27, 2015, 07:48:11 PM |
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The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
Chinese exchanges are consistently lower than western. That tells me that China is cashing out and is arbed to west. When you see Hooboy's price higher than stamp thats when China would be leading the uptrend oh look a single sell on bitstamp... a good few sells on bitfinex.. yet chinese exchanges plow higher.. q buying spree on bitstamp and finex in 3 2 ...
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greenlion
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January 27, 2015, 07:48:40 PM |
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Why aren't the Greeks and Russians buying?
Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation. I'm skeptical of any capital flight pump theories (including Cypress 2013), because lacking robust Bitcoin remittance flows entering the country, if for example a Russian had a way already to put USD or euro on an exchange in the first place, the Russian has already solved his capital controls problem prior to even purchasing Bitcoin. Also in the case of stringent capital controls in these scenarios, I have a hard time seeing what mechanism will arbitrage that local price action into a rising price on the exchanges. Cypress is understandable as a eurozone nation, but ostensibly the buys would've happened after the haircuts already transpired, and what would the supposed Russian oligarchs purchase Bitcoin in Cypress instead of freely converting USD accounts within the eurozone (ostensibly there may be frictions here of which I'm not aware).
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NotLambchop
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January 27, 2015, 07:48:57 PM |
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Dammit, I guess we can now continue with downtrend. The first exchange to pwn Bitcoiners before it's even open
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