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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26410134 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Nightowlace
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May 15, 2013, 01:49:40 AM
 #8081

It already made it to Cnet http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/
Frozenlock
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May 15, 2013, 01:51:19 AM
 #8082

all this fear is so fail....

anyone that sold because of this news made a mistake...

I bought.

In retrospect, I hope buying wasn't the mistake.

What could go wrong.
It's not like anyone would use this uncertain time to DDOS an exchange.   Grin
relm9
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May 15, 2013, 01:53:07 AM
 #8083


That was posted May 9... I don't think they are still having troubles, anyone know for sure?
solex
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May 15, 2013, 01:54:41 AM
 #8084


"ICE's Homeland Security Investigations unit boasts 7,000 special agents in 200 U.S. cities that focus on crimes including drug smuggling, financial crimes, computer crimes, and export enforcement. That has included seizing Internet domain names, targeting sports streaming sites, and arresting a student for jailbreaking game consoles."

LOL
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May 15, 2013, 01:54:55 AM
 #8085

Might be stating the obvious, but I can't see quite so many Venture Capitalists queueing up to invest in BTC infrastructure after this
BTC yes, Homeland Security no
Nice timing in the middle of the conference ... coincidence ? Who knows ...
BTC Books
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May 15, 2013, 01:55:15 AM
 #8086

CampBX too?  Meh.

So we've got some little 5-10k sells going on.  Not really that big a deal.

But... watch for the insider trading, like a month ago.  We start seeing 25-50k dumps, then there really is a war on the exchanges - we just haven't been told about it yet.  But the insiders will know amongst themselves.

I'll set some buy orders around $55-65 if the big dumps come - and maybe a flyer in the 40s.

I don't mind doubling my coinage.  This too shall pass...
Stunna
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May 15, 2013, 01:58:17 AM
 #8087

CampBX too?  Meh.

So we've got some little 5-10k sells going on.  Not really that big a deal.

But... watch for the insider trading, like a month ago.  We start seeing 25-50k dumps, then there really is a war on the exchanges - we just haven't been told about it yet.  But the insiders will know amongst themselves.

I'll set some buy orders around $55-65 if the big dumps come - and maybe a flyer in the 40s.

I don't mind doubling my coinage.  This too shall pass...

If it drops to $90, I'd personally consider buying more.
Nightowlace
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May 15, 2013, 01:59:11 AM
 #8088

This too shall pass...

If and when it does we see $200 again
joesmoe2012
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May 15, 2013, 02:00:38 AM
 #8089

wow...a major kick in the butt to two exchanges.
relm9
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May 15, 2013, 02:02:15 AM
 #8090

CampBX too?  Meh.

So we've got some little 5-10k sells going on.  Not really that big a deal.

But... watch for the insider trading, like a month ago.  We start seeing 25-50k dumps, then there really is a war on the exchanges - we just haven't been told about it yet.  But the insiders will know amongst themselves.

I'll set some buy orders around $55-65 if the big dumps come - and maybe a flyer in the 40s.

I don't mind doubling my coinage.  This too shall pass...

I don't think CampBX was affected, that was due to an unrelated outage on May 9, if you check the site the Dwolla option is still available.
BTC Books
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May 15, 2013, 02:03:12 AM
 #8091

This too shall pass...

If and when it does we see $200 again

If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year.

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.
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May 15, 2013, 02:05:34 AM
 #8092

maybe this will be good in the end, force other exchanges to grow quick.
Coinseeker
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May 15, 2013, 02:07:57 AM
 #8093

This too shall pass...

If and when it does we see $200 again

If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year.

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.

That won't stop the US from imposing economic sanctions against that country.  
Draino
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May 15, 2013, 02:08:06 AM
 #8094

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.

i scoffed at this idea originally (because credit unions are less evil) but, maybe

http://www.reddit.com/r/Bitcoin/comments/1dyj70/update_coming_soon_a_private_fiat_bank_to_bitcoin/
BTC Books
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May 15, 2013, 02:14:02 AM
 #8095

This too shall pass...

If and when it does we see $200 again

If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year.

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.

That won't stop the US from imposing economic sanctions against that country.  

Depends on the country, doesn't it?

Why do I get the feeling that a Hong Kong bank would be the most effective?  Of course, the Hong Kong political structure would be too expensive to contemplate at the moment.  But a communist country would be fairly immune to US blandishments - and they are all mostly pretty poor countries, and quite structurally corrupt.
hlynur
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May 15, 2013, 02:16:56 AM
 #8096

that really seems to me like a message from Homeland security to the community as it's happening right before the conference in california.
Feels like a drug raid during a hemp parade when everything's legal (or not, i still don't understand the command structure of USA with state law and federal law).
well if they keep on with these procedures it will push btc even harder with more exchanges on some small island states or similar tax haven countries, like with the bank accounts of onlinegambling.
from my perspective either way acceptance or interference will bring good days to bitcoin.
UltimateReaper
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May 15, 2013, 02:17:02 AM
 #8097

all this fear is so fail....

anyone that sold because of this news made a mistake...

I bought.

In retrospect, I hope buying wasn't the mistake.

What could go wrong.
It's not like anyone would use this uncertain time to DDOS an exchange.   Grin

 Cheesy bwa ha ha ha I don't even give a damn anymore. I'll become a successful warrior and trader or die trying.

Bring it.

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fitty
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May 15, 2013, 02:20:45 AM
 #8098

DHS? And we're out.

Nightowlace
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May 15, 2013, 02:21:19 AM
 #8099

This too shall pass...

If and when it does we see $200 again

If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year.

Really though, we need a bank.  And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one.

Thats interesting. I would be up for discussion on this but who's the say the DHS wouldn't stop US citizens from depositing with us?

Although I guess they could convert their US dollar to our currency and then make deposit.

This is actually a really good idea. If we went to a south American country it wouldn't be too hard to create a financial institution.
SlipperySlope
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May 15, 2013, 02:23:14 AM
 #8100

Will this downdraft be stopped by the support at $100? Remember that back in November, the price was $10.

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