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

[rezurect]

1.The Cease & Desist

"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.

2.The news comes just days after  Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.

I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.

[Dalib]

It seems that the next 2-3 weeks will be decisive for the next trend...



it is difficult to predict whether the downward trend breaks and where

[Rampion]

weeeeeeeeee

double digits knock knock knocking at Gox's door

[N12]

I thought Coinsetter isn't a standalone exchange? As I understood it, they're just a trading platform and hedging on other exchanges, like Bitcoinica was.

By the way, when Bitcoinica came up I believe in September 2011 and offered shorting, it only served to strengthen the downtrend's severity, leading to an epic short squeeze from $2.

[samson]

It seems that the next 2-3 weeks will be decisive for the next trend...



it is difficult to predict whether the downward trend breaks and where

I think it's quite obvious where we're heading : into the crash zone.


$20-$30 Bitcoins here we come.

[Its About Sharing]

I think since the cash out problems at Mt Gox Bitstamp immediately anticipated Gox coins coming over again to cash out and so the price went back to the latest strong support level there. I think all the movement we're seeing now is uncertainty because of these problems, the price will probably hover between 98-110 with very low volume until the two week period is over. Then depending on how the issue is resolved we'll either see a sell off to test support at 90 or we're going back to test the 115 high.

We've gone down from roughly $130 since the beginning of this month. To say that the recent down trend is just about the Gox issue is ignoring a larger picture. I don't deny that Gox's slip up contributed to the recent down move, but it isn't really a big deal though it adds uncertainty to the already uncertain picture. Perhaps the recent down trend and the Gox thing cumulatively are responsible, but I'd say the larger of the two is the $30 down movement.

If we break and stay below $100, I think it will be clear that this is a part of the post bubble adjustment.

IAS

I never said that the downtrend that brought us down from 130 and formed a higher low at 88 was caused by this particular Gox issue. I however don't believe in the entire bubble deflation BS going on around here, although it could become a self-fulfilling prophecy if the issues at Gox are not resolved with a positive outcome. If Gox would have had no problems with USD withdrawals and services like Dwolla would still work we would not be sitting around 100-110 right now, I am pretty sure of that.

I didn't say you did. I'm just talking about the recent 3 day down trend that started with the Gox news.
It is a valide perspective about the bubble. I'm a strong bull and don't see it as BS. I didn't like it, but I have to accept that it is starting to look like it from a TA perspective. If I am wrong I will lose a bit of $$$ getting back in but that is the cost. I wasn't even a speculator (I had a BTC paper wallet only, no trading) and just got out after $130 didn't hold.

I don't doubt we would be sitting near 110. (We are still above 100 so all is not lost).

[N12]

BTCe 96.5
Bitstamp 98.11
MtGox 103.0011

Bitstamp and BTCe lead, MtGox follows!

[Its About Sharing]

1.The Cease & Desist

"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.

2.The news comes just days after  Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.

I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.

Note that that is from May 30th so it isn't a coordinated attack, but I wonder why the foundation might not have mentioned it sooner?

[samson]

1.The Cease & Desist

"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.

2.The news comes just days after  Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.

I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.

Note that that is from May 30th so it isn't a coordinated attack, but I wonder why the foundation might not have mentioned it sooner?

When I get a baseless horseshit letter like that (and I've had a few over the years) I generally ignore it.

[Dalib]

It seems that the next 2-3 weeks will be decisive for the next trend...

...

it is difficult to predict whether the downward trend breaks and where

I think it's quite obvious where we're heading : into the crash zone.


$20-$30 Bitcoins here we come.

By the way a lot of skeptical Mondays at btc-e Bitcoin 96.4, LTC 2.57 ...

there all weekend bought, today sold only

[samson]

It seems that the next 2-3 weeks will be decisive for the next trend...

...

it is difficult to predict whether the downward trend breaks and where

I think it's quite obvious where we're heading : into the crash zone.


$20-$30 Bitcoins here we come.

By the way a lot of skeptical Mondays at btc-e Bitcoin 96.4, LTC 2.57 ...

there all weekend bought, today sold only

If Litecoin comes down to $2 or even lower I'll load up with them.

[Jaroslaw]

103$ wall removed by me.

[Dalib]

It seems that the next 2-3 weeks will be decisive for the next trend...

...

it is difficult to predict whether the downward trend breaks and where

I think it's quite obvious where we're heading : into the crash zone.


$20-$30 Bitcoins here we come.

By the way a lot of skeptical Mondays at btc-e Bitcoin 96.4, LTC 2.57 ...

there all weekend bought, today sold only

If Litecoin comes down to $2 or even lower I'll load up with them.

hmm, and bitcoin on BTC still falls, well below the 96 ...

[Jaroslaw]

i have enough of waiting some serious drop will go off

[ardana123]

i have enough of waiting some serious drop will go off

[massivebitman]

103$ wall removed by me.

You're full of shit!!!

[samson]

i have enough of waiting some serious drop will go off

I thought you said only an hour or so ago that you could wait 10 years ?

[Jaroslaw]

i have enough of waiting some serious drop will go off

I thought you said only an hour or so ago that you could wait 10 years ?

yep 10 years for 100k, 200k, 500k, but i will drop today 25k.

[N12]

bitstamp and btce 95 and 93.

MtGox soon to follow.

[Jaroslaw]

PLEASE STOP QUOTING JARO-JAW

I will drop 5k to eat $100 wall and you will see no-brainer