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

[Elwar]

Ah ok.
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin 

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins. Siting the fact that I would need to register in the US to sell bitcoins. However I am in Europe so that doesn't really apply to me. But I would imagine similar things taking place in the EU if they follow the US lead.

[Poloniex Matthew]

Volume around $50 was insane. The resistance at this price will now be over 9000, or something.

[blunderer]

Ah ok.
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin  

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins. ...

I worry about you, Elwar. Perhaps start some sort of a cash business, like a hot dog stand maybe, to explain those bags of dirty fiat you bring to your bank?

[ChartBuddy]

Coin



Explanation

[valta4065]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Good luck to them trying to find a way of enforcing that

Just like in the US they would focus on the exchanges.

What? Btc exchange are forbidden in the US? Then how am I buying and selling my btc?

The EC are concerned about the perceived anonymity of BTC transactions. US exchanges have AML/KYC measures in place - transactions aren't anonymous.

Edit:

The plan therefore calls for virtual currency exchange platforms to be brought under the scope of the European Anti-Money Laundering Directive, which would mean exchanges would have to report just who used their services and when they were used. The Action Plan says “The Commission will also examine whether to include virtual currency 'wallet providers'.”

Ah ok.
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin 

Yeah, this is all kinda expected, it's really bringing exchanges in Europe in-line with exchanges in the US. And, as you say, people can still use localbitcoin or exchanges outside the EU (and the US). I suspect, though, that this is just the beginning (in the EU) - localbitcoin is already under attack in the US (Burt W here on BCT, for example) and I imagine it's just a matter of time before the EU clamp down on it because TERRORISM. AND DRUGS. And because the €500 note was feelin unloved.

Bah, we already know that using exchange is not anonymous. Most exchange ask for some ID proof already, at least to exchange significant amounts!
It won't even hurt bitcoin 

[aztecminer]

Meh, pretty dull price action at the moment. Wonder when the next pump or dump will happen.

It's pretty boring without both the fume & esctasy of extreme movements on here

it would defeat the purpose of the Marshal's Auction Pump 2015 if bitcoin went back under 300 again .. however, it becomes obvious bitcoin is a scheme if they continue to rocket up while they have the blockchain issue still unresolved. bitcoin is paralyzed in a tight sideways range atm. #BitcoinParalyzed #GimpCoinBitcoin

[aztecminer]

I'm the king of sideways. Makin' mo $$$$$$$$$.

Margin funding interest rate is down a bit and that concerns me, but we are close to a 4 hr Moving average crossover, and there might be a short term pump. I just don't wanna play anymore. Not with ~20% APR guaranteed.

Everything everything is so damn risky. Even if there is a consensus on larger blocks, there will prolly be a spike before I even find out about it. I'll have to get in on the retracement. So what? I'm not counting coins anymore. I'm just looking for ROI.

Price will likely double or more with 2MB blocks so what are the damn miners waiting for?  Is basic economic literacy really so rare?

u shouldnt keep all your money in fiat.. you really should consider buying pms. an economic reset with a revaluation of gold to much higher prices would solve a lot of the central bank problems instantly ... bitcoin does not have that same ability that i am aware.

[Elwar]

Ah ok.
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin  

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins. ...

I worry about you, Elwar. Perhaps start some sort of a cash business, like a hot dog stand maybe, to explain those bags of dirty fiat you bring to your bank?

After localbitcoins blocked Germany I only do a few trades a month now with people I've been meeting for a while. Usually about 1-2k per month, enough to pay for rent, food and a few vacations here and there.

I haven't had a bank account here since August. I only recently opened another one because I might possibly be leaving Europe and will need to convert any cash I have back into bitcoins.

[Andre#]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Good luck to them trying to find a way of enforcing that

Just like in the US they would focus on the exchanges.

So BTC-e goes out of business? Pfff...

[aztecminer]

Shanghai Composite again down 1,5% at opening....



Damn the stock markets are developing into a blackhole...

'Don't touch Bitcoin because it's too volatile', all the Wall St types said 

it has been a solid eight months of them discussing the block size ... bitcoin is a HUGE risk atm .. if bitcoin does not scale then it will stay #GimpCoin

[Elwar]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Good luck to them trying to find a way of enforcing that

Just like in the US they would focus on the exchanges.

So BTC-e goes out of business? Pfff...

Bitstamp, Bitfinex...

[aztecminer]

Shanghai Composite again down 1,5% at opening....



Damn the stock markets are developing into a blackhole...

'Don't touch Bitcoin because it's too volatile', all the Wall St types said 

'The financial crisis is over', all the Gavin types said 

if he really said that then it proves he is a govy shill and therefore his opinions can be safely discarded . #GimpCoin

[aztecminer]

You've been Four Punch Raided, boys and girls.

Google turns up four results for "four punch raid". Wanna ELI5?

Is it SFW?

Just something that Billy came up with
https://bitcointalk.org/index.php?topic=956051.0

The Four Punch Raiders are real. This picture was painted by a first-hand witness of their pillaging.

yup... this is undeniable proof .

[Andre#]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

Good luck to them trying to find a way of enforcing that

Just like in the US they would focus on the exchanges.

So BTC-e goes out of business? Pfff...

Bitstamp, Bitfinex...

I don't know how tight the KNC/AML policy of BFX is, but Bitstamp's is  pretty tight.

[barbs]

What's this new strategy? Bore people to death with wash trades? Ughh

[ChartBuddy]

Coin



Explanation

[aztecminer]

The logarithmic uptrend is broken on the five year chart.  If you wanna zoom out, zoom out motherfucker. It's the scalability problem.  It's gotta get a lot worse before it gets better (IF it gets better) because some people are so stupid, they require an extreme amount of pain before they learn anything. 

You're not trading efficiency for censorship resistance. Majority mining power is concentrated in one country with a totalitarian government. The People's Bank of China has a million man army behind them and they could take over our network with a few phone calls.  The only reason Bitcoins functions is because the ChiComs LET it function. That  battle has already been lost. So smallblockers want to keep bitcoin from scaling for NO REASON!

So we're going down or sideways.  If we go up, new users are attracted, blocks fill up, transactions slow down and get expensive,  then we have to go down or face a network congestion failure. 

They got us. The bad guys won. Subsidized electricity and consensus governance brought us down. Meanwhile a bunch of other cryptocurrencies are waiting in the wings to claim the prize we fucking threw away. 

this is a proven phenomena. Their brains are coated with flouride and aluminum that they have lost 10% to 25% of their intelligence capabilities.. the sad part is they don';t know they are stupid... they have very bad memories too... i understand what you are saying.. it can be very challenging and frustrating to deal with such IQ deficient morons on a daily basis like we are forced to do.. once you accept that almost everyone is about 25% less intelligent than yourself then you learn to expect them to do stupid stuff. i mean really, we are talking about a lifeform that intentionally dumbs itself down and then poisons itself.

here is an example: "Hey guys bitcoin can't scale" .. eight months later:  "Hey guys bitcoin can't scale" ..

it doesnt even register .

[aztecminer]

The logarithmic uptrend is broken on the five year chart.  If you wanna zoom out, zoom out motherfucker. It's the scalability problem.  It's gotta get a lot worse before it gets better (IF it gets better) because some people are so stupid, they require an extreme amount of pain before they learn anything. 

You're not trading efficiency for censorship resistance. Majority mining power is concentrated in one country with a totalitarian government. The People's Bank of China has a million man army behind them and they could take over our network with a few phone calls.  The only reason Bitcoins functions is because the ChiComs LET it function. That  battle has already been lost. So smallblockers want to keep bitcoin from scaling for NO REASON!

So we're going down or sideways.  If we go up, new users are attracted, blocks fill up, transactions slow down and get expensive,  then we have to go down or face a network congestion failure. 

They got us. The bad guys won. Subsidized electricity and consensus governance brought us down. Meanwhile a bunch of other cryptocurrencies are waiting in the wings to claim the prize we fucking threw away. 

Why get so emotional regarding the topic?

And, what is the big deal if some alt takes over bitcoin? 


If there is a better alt, then let it pave the way, and we can all jump on board that one...


The fact of the matter is that there is no alt that is even in any parameters of close to bitcoin...

Name one?


You can't because you are just spreading bullshit FUD regarding non-important and speculative matters...

Your matters are so speculative that they are even beyond the scope of this  speculation thread because they are lacking almost any foundation... especially ones concerning the supposed pending take over of some not-yet identified alt coin.

RIPPLE .

[aztecminer]

Because you know what's going on.

HODLing cold storage.. why ?? cuz "they" don't want me too .

[aztecminer]

why bitcoin halving will lead to the panic sell?
are there anything to do to make the price drop lower? what just happened? since i haven't tracking the bitcoin news.

~$380 -> ~$372

hey guess what ?? BITCOIN CAN"T SCALE .. in case ya missed it.