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

[ElectricMucus]

I don't think anybody was speaking of Bitcoin itself rather than exchanges and anti money laundering regulations.

He was speaking about Bitcoin because he made a precisa reference about the Fincen statement that cited explicitly Bitcoin. 

That was still about exchanges.

[Rampion]

I don't think anybody was speaking of Bitcoin itself rather than exchanges and anti money laundering regulations.

He was speaking about Bitcoin because he made a precisa reference about the Fincen statement that cited explicitly Bitcoin. 

That was still about exchanges.

What he said is that they are not against virtual currencies at all,  they just want exchanges to comply to regulation. 

Thus, they know they cannot simply "shut down" BTC as they did with LR.

That's bullish.

[Richy_T]

I agree it's good news for Bitcoin, if it's sincere.  Now submit to regulations and hope for the best.

You still don't get it do you? Exchanges have to play by the rules ofcourse but bitcoin itself can not and will not be regulated. Sorry if that hurts your regulated feelings.

That's why there's a need for a decentralized exchange that can't be touched as well (eg bittorrent). Until then, it's gonna be a risky game playing on these exchanges.

The problem with Bitcoin is fiat.

[Rampion]

I agree it's good news for Bitcoin, if it's sincere.  Now submit to regulations and hope for the best.

You still don't get it do you? Exchanges have to play by the rules ofcourse but bitcoin itself can not and will not be regulated. Sorry if that hurts your regulated feelings.

That's why there's a need for a decentralized exchange that can't be touched as well (eg bittorrent). Until then, it's gonna be a risky game playing on these exchanges.

The problem with Bitcoin is fiat.

Yeah, final victory is breaking the loop fiat->btc–>fiat. As long as BTC's value is linked to fiat, they still have an enormous power. They are still the owners of "money", and while they cannot shut down the protocol, they can play with its perceived value at will.

Still, quite a challenge  for the establishment.

Gotta love to be part of this experiment. 

[Coinseeker]

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

[Its About Sharing]

http://www.thegenesisblock.com/bitcoin-trading-market-reaction-to-regulatory-news-is-remarkably-consistent/

Is the same thing happening right now? Interesting stuff...

Expected.

Only coinseeker would sell if the US says "Bitcoin is bad". Normal people will just buy all the coins they can with their fiat and transfer them to their wallets

Leaving jokes apart, all this is quite bullish for BTC. Despite of MtGox's fuck up, it's a fact that main BTC exchanges are trying to comply with regulations. And the sheriffs that busted LR say clearly that they are NOT after virtual currencies if they abid to FinCEN rules:

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

That's the sheriffs press conference, listen carefully from minute 28:00

I want to make clear that today's actions does not mean that we are against virtual currencies

And you can see how the guy is implicitly referring to BTC, saying that it's ok if the exchanges are registered as MSB's

Thanks for the link. I like how he starts off - "This might be the biggest international money laundering case..."   NO - HSBC 8 billion and Wachovia 100's of billions.

And he went on to say "To the contrary, mobile and internet based financial technologies, including virtual currencies, have great promise to empower consumers, to encourage the development of innovative financial products and expand access to financial services. In fact FinCen issued guidance in March 2013 to bring clarity and regulatory certainty to businesses and individuals...."

" Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear..."

[Its About Sharing]

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

Come on. Stick to your FUD and stop bringing discordance to the forum. Did you sell those XRP's for that outrageous price you were asking btw?  

[Coinseeker]

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

Come on. Stick to your FUD and stop bringing discordance to the forum. Did you sell those XRP's for that outrageous price you were asking btw?  

Patience is a virtue.  

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

You are speaking to the wrong audience Coinseeker. Bulls on the forum are largely invested. New money will come from the unenlighened rabble.

Excuses, excuses.    All talk, no action.  It's becoming clearer now. 

[PrintMule]

how self-observant of you

[ChartBuddy]

[wonkytonky]

4h ema aboot to cross ?

[TsuyokuNaritai]

  I know you guys hate that word...that's why I use it.

Obvious Troll is Confessing!

[Rampion]

http://www.thegenesisblock.com/bitcoin-trading-market-reaction-to-regulatory-news-is-remarkably-consistent/

Is the same thing happening right now? Interesting stuff...

Expected.

Only coinseeker would sell if the US says "Bitcoin is bad". Normal people will just buy all the coins they can with their fiat and transfer them to their wallets

Leaving jokes apart, all this is quite bullish for BTC. Despite of MtGox's fuck up, it's a fact that main BTC exchanges are trying to comply with regulations. And the sheriffs that busted LR say clearly that they are NOT after virtual currencies if they abid to FinCEN rules:

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

That's the sheriffs press conference, listen carefully from minute 28:00

I want to make clear that today's actions does not mean that we are against virtual currencies

And you can see how the guy is implicitly referring to BTC, saying that it's ok if the exchanges are registered as MSB's

Thanks for the link. I like how he starts off - "This might be the biggest international money laundering case..."   NO - HSBC 8 billion and Wachovia 100's of billions.

And he went on to say "To the contrary, mobile and internet based financial technologies, including virtual currencies, have great promise to empower consumers, to encourage the development of innovative financial products and expand access to financial services. In fact FinCen issued guidance in March 2013 to bring clarity and regulatory certainty to businesses and individuals...."

" Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear..."

Thanks for the transcription, I was too lazy to do it.

"Virtual currencies have great promise to empower consumers"

"They have nothing to fear"

He really wanted to make it clear.

[smoothie]

So....












Did you bears finish selling yet?



Can the choo choo continue? Or do you want to lower the bulls average cost of bitcoins?

Please sell...

[samson]

So....












Did you bears finish selling yet?



Can the choo choo continue? Or do you want to lower the bulls average cost of bitcoins?

Please sell...

Let me hazard a guess : Up, Up, Up ?

[Coinseeker]

Let me hazard a guess : Up, Up, Up ?

As if this thread consists of any other type of speculation.   

[dwdoc]

Let me hazard a guess : Up, Up, Up ?

As if this thread consists of any other type of speculation.   

Other type of speculation:

I mine, therefore I am.

[Quantum_Negatum]

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

mmm well there's a reason the price is going up.... economics 099 the demand is stronger than the offer... but I'm sure you knew that already...

Unwise to assume no manipulation or insider trading, especially in a speculative market like Bitcoin.

[Quantum_Negatum]

I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.  Sell everything and buy bitcoin.  You shouldn't even have a computer right now.  It's depreciating anyway.  Aren't you in reality, losing money based on your delusions thinking?  Or is it really just all talk?

mmm well there's a reason the price is going up.... economics 099 the demand is stronger than the offer... but I'm sure you knew that already...

Unwise to assume no manipulation or insider trading, especially in a speculative market like Bitcoin.

don't confuse the term demand with the term manipulation much less inside trading.
demand refers just to the amount of "people" looking to buy bitcoins, the reason behind that demand can be interpreted in many ways and it's beyond my statement. If they are buying to manipulate the price or to generate network traffic or because they want to click their mouse multiple times, that's irrelevant. The bottom line is that there's a demand and that's why the price goes up regardless of the end goal of the individual buying the coins.

Demand = pretend demand (i.e. not demand). Ok, whatever.

But given your definition, which I admit may be the generally accepted one, then your analysis goes without saying and is therefore useless. Thanks.

[wachtwoord]

Insider trading Bitcoin is impossible by definition ....