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

[2017orso]

I'm really surprised this doesn't get mentioned more often, but, there are a lot of people out there now, wealthy people, early adopters and new players alike, that have vested interest and a genuine belief in this technology.  The market is thin enough that these people can help ensure the price and volatility does not reach a level that could cause a level of panic which would create harm to its now escalating adoption.

The U.S. government is attacking this thing with flailing arms, and while it can scratch and do some superficial damage, the mark will be missed.  This time, it really is up to the people.

[bassclef]

I'm really surprised this doesn't get mentioned more often, but, there are a lot of people out there now, wealthy people, early adopters and new players alike, that have vested interest and a genuine belief in this technology.  The market is thin enough that these people can help ensure the price and volatility does not reach a level that could cause a level of panic which would create harm to its now escalating adoption.

The U.S. government is attacking this thing with flailing arms, and while it can scratch and do some superficial damage, the mark will be missed.  This time, it really is up to the people.

Agreed. They are a few years too late in any endeavor to seriously attack bitcoin and not come off as tyrannical. The average Joe doesn't know what kind of power the banking cartel/monopoly has, and they certainly don't want him to wake up. They will tread carefully.

On a happier note, I transferred funds to Gox via Dwolla this morning. Hours later I get the DHS email. Regardless, they funded my account for the full amount just a little while ago. I doubt they want to lose customers over this.

[BitPirate]

I'm really surprised this doesn't get mentioned more often, but, there are a lot of people out there now, wealthy people, early adopters and new players alike, that have vested interest and a genuine belief in this technology.  The market is thin enough that these people can help ensure the price and volatility does not reach a level that could cause a level of panic which would create harm to its now escalating adoption.

The U.S. government is attacking this thing with flailing arms, and while it can scratch and do some superficial damage, the mark will be missed.  This time, it really is up to the people.

Agreed. They are a few years too late in any endeavor to seriously attack bitcoin and not come off as tyrannical. The average Joe doesn't know what kind of power the banking cartel/monopoly has, and they certainly don't want him to wake up. They will tread carefully.

On a happier note, I transferred funds to Gox via Dwolla this morning. Hours later I get the DHS email. Regardless, they funded my account for the full amount just a little while ago. I doubt they want to loose customers over this.

Agree... And the key part here is that Bitcoin is now even more clearly te best way to move money. By cracking down on fiat movements (Dwolla), they can only make Bitcoin's perceived value as a medium of transfer increase. If the aim is to attack Bitcoin, this will prove to be a massive own goal.

Meanwhile, Bitcoins are now cheap, it's Wednesday, and Europe, which doesn't use Dwolla, is just waking up. Great time to buy.

[BTCThousandaire]

How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

[ChartBuddy]

[sve9mark]

I'm really surprised this doesn't get mentioned more often, but, there are a lot of people out there now, wealthy people, early adopters and new players alike, that have vested interest and a genuine belief in this technology.  The market is thin enough that these people can help ensure the price and volatility does not reach a level that could cause a level of panic which would create harm to its now escalating adoption.

The U.S. government is attacking this thing with flailing arms, and while it can scratch and do some superficial damage, the mark will be missed.  This time, it really is up to the people.

Agreed. They are a few years too late in any endeavor to seriously attack bitcoin and not come off as tyrannical. The average Joe doesn't know what kind of power the banking cartel/monopoly has, and they certainly don't want him to wake up. They will tread carefully.

On a happier note, I transferred funds to Gox via Dwolla this morning. Hours later I get the DHS email. Regardless, they funded my account for the full amount just a little while ago. I doubt they want to loose customers over this.

Agree... And the key part here is that Bitcoin is now even more clearly te best way to move money. By cracking down on fiat movements (Dwolla), they can only make Bitcoin's perceived value as a medium of transfer increase. If the aim is to attack Bitcoin, this will prove to be a massive own goal.

Meanwhile, Bitcoins are now cheap, it's Wednesday, and Europe, which doesn't use Dwolla, is just waking up. Great time to buy.

Who is enjoy this!!! Complete recovery on the way?

[Ares]

My favorite sound

[Rampion]

How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

Made a 4.7% profit

And waiting to buy some at $100ish, and to buy big time sub $100

The Dwolla situation could scare the ass off some overinvested folks with trembling hands, anyhow this can improve a lot or get really worse depending on the next DHS move/explanation.

And from a practical point of view, you just do not convert an unseizable currency to one that will be likely be frozen. I never used Dwolla, but if I did last thing I would want is to get rid of my BTC for good at this moment, I guess people is just speculating that price will drop on these news and they want to buy back cheaper.

[Frozenlock]

And waiting to buy some at $100ish, and to buy big time sub $100

If Bitcoin doesn't surprise everyone again...

[deathcode]

Silly question: If the DHS seized the mtgox account @ dwolla, then why wouldn't they seize coinbase or any other american exchange? The end goal for the DHS is the same, you can use coinbase to buy btc and gamble illegally so basically it's the same...
Are we going to see more court orders for other exchanges?

[Ares]

Silly question: If the DHS seized the mtgox account @ dwolla, then why wouldn't they seize coinbase or any other american exchange? The end goal for the DHS is the same, you can use coinbase to buy btc and gamble illegally so basically it's the same...
Are we going to see more court orders for other exchanges?

Some are speculating that it is likely due to KYC or other business regulations that Mt.Gox may not have been complying with

[rpietila]

I think it was a well played crash last night, but I also think that it's over. When I decided to buy 205,727mBTC using market order from .10273->.103 in 7th May, 15:46 UTC after 2 visitations sub-.1, I did that in anticipation that we would never see .103 again. I think we are going up from now.

EDIT: Seems that we visited .10302, so the others also thought that it is unlikely to go that low again.

EDIT2: I did not play last night, I slept with my family in my home in Helsinki.

EDIT3: Rampion is not welcome to post to my thread (I needed to lock it due to his harassment). I don't think he understands when he lost, though. He seems to be too young to be given a reminder of the importance of thinking before posting.

[blackreplica]

How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

A few days ago I took some profits at $119. Queued a buy order at $106 at the same time and it triggered while I was sleeping last night.

I was a bit worried at first seeing the price sit square on the longterm trendline at $105 when I awoke. Any further downward movement would, to me, be trigger another downwards breakout but I'm glad I held and the recovery we're seeing here is a great demonstration of confidence (though not exuberance, which is a good thing) in the market

My trading activity is thin these days. Reduced volatility makes things a bit dull but its good for the economy overall.

Occasional events like this are still good opportunities to make a few bucks though which keeps things interesting

[solex]

How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

A few days ago I took some profits at $119. Queued a buy order at $106 at the same time and it triggered while I was sleeping last night.

My trading activity is thin these days. Reduced volatility makes things a bit dull but its good for the economy overall.

Occasional events like this are still good opportunities to make a few bucks though which keeps things interesting

Smart trading. Well done for applying planning and patience.

[blackreplica]

How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

A few days ago I took some profits at $119. Queued a buy order at $106 at the same time and it triggered while I was sleeping last night.

My trading activity is thin these days. Reduced volatility makes things a bit dull but its good for the economy overall.

Occasional events like this are still good opportunities to make a few bucks though which keeps things interesting

Smart trading. Well done for applying planning and patience.

Thank you. To be honest, i wasn't expecting my buy order to hit. Was a just-in-case thing. We've showed amazing stability of late. Bitcoin sure has a way of surprising you when you least expect

[Its About Sharing]

If anyone is interested, frozenlock and coinseeker have now used their BTC profits in a joint venture.
Others have obviously invested some funds as well:

[Frozenlock]

It is a lucrative investment, I must say.  


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

[UltimateReaper]

It is a lucrative investment, I must say.  


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

Sorry I fucked up the satanic ritual earlier today.

Silly me, everyone knows you need to add a few extra pints of animal blood

[Frozenlock]

Sorry I fucked up the satanic ritual earlier today.

Silly me, everyone knows you need to add a few extra pints of animal blood

Ah! You're proud of yourself now?
Think of all those who had bids at $90!

[Its About Sharing]

So, there was just a small fire because DHS is trying to crack down on online gambling. First, I feel safer and second, look at all those who showed their true colors with this blip of news.

We are still in this sideways price channel on essentially, no news and some people online trying to create a sell off.

$115 and the same wall at $120.