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

[ronaldlee0917]

on the bright side, support @110 looks solid

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[Missionary]

These dips don't even bother me anymore. Blips on the radar in a few years.

[fourkey2001]

lag

mtgox getting dc

[yakka]

Below $105 on Bitstamp ...

Panic starts 

[fitty]

In what way would Gox fiat be affected? If the bad news is big bad news, probably the safest thing to do is keeping fiat on Gox.

New Zealand served Kim Dotcom up on a silver platter for the DOJ. And his crime was pirating movies. For that he was arrested, all banks frozen and assets seized.

Gox might be involved in money laundering for drug cartels and maybe helping terrorists move money around the world (I wouldn't put it past the DOJ to just make something up). And you're 100% confident MtGoxs bank account in Japan won't be, or isn't already frozen? The DOJ is only going after MtGox in the USA? Since when does the DOJ ever say "Japan? Not our jurisdiction". Uh yeah.

If you own a tinfoil hat, buying BTC, moving it off Gox, is probably the safest thing to do at the moment.

[Ultraviolet]

I think if the US Government was going to seize everything of Gox's they would do it suddenly and all in one shot like they did with online poker during "Black Friday". Telegraphing their intention via obtaining an order for seizure means it's a tribulation less severe than the total destruction of Gox imo.

[tHash]

I think if the US Government was going to seize everything of Gox's they would do it suddenly and all in one shot like they did with online poker during "Black Friday". Telegraphing their intention via obtaining an order for seizure means it's a tribulation less severe than the total destruction of Gox imo.

I agree.   And if they were going after bitcoin at large, they would have shut down transfers to ALL exchanges simultaneously.   This is still a strange situation.

[fourkey2001]

I think if the US Government was going to seize everything of Gox's they would do it suddenly and all in one shot like they did with online poker during "Black Friday". Telegraphing their intention via obtaining an order for seizure means it's a tribulation less severe than the total destruction of Gox imo.

The seize is coming soon and all of us are going to the jail!

FInd a lawyer

[michaelGedi]

A - this might not be everything everyone is speculating it is. Too much hype too quickly...

B - it might just be a move to spark negative media coverage... not the sort of massive crack down you are speculating about.


Can someone tell me what happened when paypal stopped taking payments and why?

[fourkey2001]

I think if the US Government was going to seize everything of Gox's they would do it suddenly and all in one shot like they did with online poker during "Black Friday". Telegraphing their intention via obtaining an order for seizure means it's a tribulation less severe than the total destruction of Gox imo.

The seize is coming soon and all of us are going to the jail!

FInd a lawyer

and find a medical doctor for adam... he is a retard

[fourkey2001]

I think if the US Government was going to seize everything of Gox's they would do it suddenly and all in one shot like they did with online poker during "Black Friday". Telegraphing their intention via obtaining an order for seizure means it's a tribulation less severe than the total destruction of Gox imo.

The seize is coming soon and all of us are going to the jail!

FInd a lawyer

and find a medical doctor for adam... he is a retard

and his buddy michael gedi

[Coinseeker]

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.    

Do you think it will go that far in the absence of additional news tonight? I was thinking steam would run out around the 105 walls at best in the absence of any additional multi-thousand BTC sell offs.

Yes I do, speculating of course...I think you're only going to see this panic sell gain momentum.  Those walls are going to come right down.  There's really no way to know where the bottom is and when the CNN's and others start running the story, there's just no way to know where this thing will stop.  I still believe the core of Bitcoin is around the $50 or $60 mark, if it's any consolation.  Retesting the lows was expected and if they breakthrough that...it's a whole new ballgame.  All bets are off.

Bitcoin has survived crashes before...Bitcoin can survive this too.

[adamstgBit]

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.    

Do you think it will go that far in the absence of additional news tonight? I was thinking steam would run out around the 105 walls at best in the absence of any additional multi-thousand BTC sell offs.

Yes I do, speculating of course...I think you're only going to see this panic sell gain momentum.  Those walls are coming down.  There's really no way to know where the bottom is and when the CNN's and others start running the story, there's just no way to know where this thing will stop.  I still believe the core of Bitcoin is around the $50 or $60 mark, if it's any consolation.  Retesting the lows was expected and if they breakthrough that...it's a whole new ballgame.  All bets are off.

what is this news everyone is going nuts about?

[fourkey2001]

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.    

Do you think it will go that far in the absence of additional news tonight? I was thinking steam would run out around the 105 walls at best in the absence of any additional multi-thousand BTC sell offs.

Yes I do, speculating of course...I think you're only going to see this panic sell gain momentum.  Those walls are going to come right down.  There's really no way to know where the bottom is and when the CNN's and others start running the story, there's just no way to know where this thing will stop.  I still believe the core of Bitcoin is around the $50 or $60 mark, if it's any consolation.  Retesting the lows was expected and if they breakthrough that...it's a whole new ballgame.  All bets are off.

Finally some one who talks sense!

Good job coinseeker

[Miz4r]

Can a mod please remove the useless spam from fourkey? I have already ignored his sorry ass but seeing his name everywhere tends to get annoying..

[seleme]

Cryptocurrency - never short of shit news 

[klee]

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.    

Do you think it will go that far in the absence of additional news tonight? I was thinking steam would run out around the 105 walls at best in the absence of any additional multi-thousand BTC sell offs.

Yes I do, speculating of course...I think you're only going to see this panic sell gain momentum.  Those walls are coming down.  There's really no way to know where the bottom is and when the CNN's and others start running the story, there's just no way to know where this thing will stop.  I still believe the core of Bitcoin is around the $50 or $60 mark, if it's any consolation.  Retesting the lows was expected and if they breakthrough that...it's a whole new ballgame.  All bets are off.

what is this news everyone is going nuts about?

The Dwolla/MtGox thing with some bully agency or wtf in the US...

[Frozenlock]

Bitcoin rule #73:
A bad news never comes alone.


I wonder what else we'll learn shortly.

[gizmoh]

These dips don't even bother me anymore. Blips on the radar in a few years.

This is not the usual panic sell off that bounces back, this seizure can have severe implication on future funding of bitcoin capitalization.
Don't expect the imminent bounce back this time..

[N12]

Bitcoin rule #73:
A bad news never comes alone.


I wonder what else we'll learn shortly.

When it rains, it pours.