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

[ShroomsKit]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

[Its About Sharing]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

[ShroomsKit]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox.

[crumbs]

A potent PR move, if nothing else.  

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

Wasn't it you who mentioned that they were mining?  Technically (afaik), that qualifies as "transmitting money."

[klee]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox.

Damn, I just bought!

[Pale Phoenix]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

[ElectricMucus]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

[ShroomsKit]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox.

Damn, I just bought!

Dude, i'm just guessing. Please don't take any of this seriously.

[rdsc]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

If the definition "facilitating the the transfer of money domestically or internationally outside of the conventional financial institutions system" is sufficient for them to build a case, then I think this is a serious challenge.  Funding the infrastructure and developing the code-base has to meet a definition of "facilitating" I would have thought.

[klee]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox.

Damn, I just bought!

Dude, i'm just guessing. Please don't take any of this seriously.

2BTC won't hurt much (I think....)

[QuestionAuthority]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

What if the state already knows they aren't a money transmitter but are looking to engage the membership all at once. Some of them are money transmitters. Remember, California is broke. Fines represent real income for the state. On a side note, they just raised the parking meter violation fine next to my house in SF. It's $90 now! This place is fucked!

[klee]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

What if the state already knows they aren't a money transmitter but are looking to engage the membership all at once. Some of them are money transmitters. Remember, California is broke. Fines represent real income for the state. On a side note, they just raised the parking meter violation fine next to my house in SF. It's $90 now! This place is fucked!

What the hell happened with Arnold? I like this dude (I am not US citizen)...

[Pale Phoenix]

Wasn't it you who mentioned that they were mining?  Technically (afaik), that qualifies as "transmitting money."

I hadn't heard that they were mining, but that could subject them to the law if they sell their mined BTC. I can't imagine they would do that after reading the FinCen guidelines.

[ElectricMucus]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

What if the state already knows they aren't a money transmitter but are looking to engage the membership all at once. Some of them are money transmitters. Remember, California is broke. Fines represent real income for the state. On a side note, they just raised the parking meter violation fine next to my house in SF. It's $90 now! This place is fucked!

Yes that also makes sense, understanding how Buerocrats think isn't that hard...

[QuestionAuthority]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

What if the state already knows they aren't a money transmitter but are looking to engage the membership all at once. Some of them are money transmitters. Remember, California is broke. Fines represent real income for the state. On a side note, they just raised the parking meter violation fine next to my house in SF. It's $90 now! This place is fucked!

What the hell happened with Arnold? I like this dude (I am not US citizen)...

He got caught making a baby with his house keeper. No joke.

[klee]

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.

No, there is no specific allegation in the document, just a general admonishment against violating the statute. California clearly has their wires crossed because, even under the most expansive interpretation of the law, the foundation is not a money transmitter.

They cannot be a money transmitter simply for advocating for Bitcoin as there are first amendment issues preventing regulation of that type of speech.

The point here is: They are a conglomerate of mtgox, bitpay and others which do fit the term money transmitter.

What if the state already knows they aren't a money transmitter but are looking to engage the membership all at once. Some of them are money transmitters. Remember, California is broke. Fines represent real income for the state. On a side note, they just raised the parking meter violation fine next to my house in SF. It's $90 now! This place is fucked!

What the hell happened with Arnold? I like this dude (I am not US citizen)...

He got caught making a baby with his house keeper. No joke.

LMAO I had forgot about that one!

[ChartBuddy]

[QuestionAuthority]

And not just his housekeeper, go look up a picture of her.
Unbelievable.

I kind of miss the Govenator.

[klee]

And not just his housekeeper, go look up a picture of her.
Unbelievable.

Down Down Down!!  
Well this is the price of injecting supraridiculous doses of Test on your butt!

[kickinyou]

Now we will see some dumps !