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

[DougTanner]

No new fiat into Bitstamp for 4 days (banking holidays). I think it will be a boring weekend.

https://www.bitstamp.net/article/upcoming-bank-holidays-oct-31st-and-nov-1st/

But Monday on the other hand 

[NewLiberty]

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz. 

If WU bought MTGox wouldn't they instantly lose all their US licenses and be liable for all fines the US wants to pin on MTGox for things that happened in the past?

WU would lose no licenses.  WU is already doing money transfer and have the channels in Washington to negotiate on the fines.  WU will be slain by bitcoin faster than they think, unless they do something.  This would be a big win for Gox and a big win for WU, if they can get to "yes" before their independent death spirals sweep them into the dustbin of history.

It would give Gox the largest localbitcoin franchise globally there is, and WU would cut costs tremendously.  All bitcoin holders would benefit.  Its win-win-win.
But... I'm betting they don't, and am holding my WU shorts until its a penny stock

[wachtwoord]

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz. 

If WU bought MTGox wouldn't they instantly lose all their US licenses and be liable for all fines the US wants to pin on MTGox for things that happened in the past?

WU would lose no licenses.  WU is already doing money transfer and have the channels in Washington to negotiate on the fines.  WU will be slain by bitcoin faster than they think, unless they do something.  This would be a big win for Gox and a big win for WU, if they can get to "yes" before their independent death spirals sweep them into the dustbin of history.

It would give Gox the largest localbitcoin franchise globally there is, and WU would cut costs tremendously.  All bitcoin holders would benefit.  Its win-win-win.
But... I'm betting they don't, and am holding my WU shorts until its a penny stock

And I'm holding my WU longs. If WU loses market share at the rate you're predicting, I'll profit way more from my Bitcoin holdings than I can ever lose of my (limited) WU investment.

[NewLiberty]

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz.  

Hi-five!! I covered it right at the open and reshorted it on the bounce. Interesting future targets are Visa and Mastercard.

I went over the conference call transcript and interestingly there was no mention of bitcoin specifically, but they did say that the "competition" is becoming stronger.

Great minds think alike.

[NewLiberty]

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz. 

If WU bought MTGox wouldn't they instantly lose all their US licenses and be liable for all fines the US wants to pin on MTGox for things that happened in the past?

WU would lose no licenses.  WU is already doing money transfer and have the channels in Washington to negotiate on the fines.  WU will be slain by bitcoin faster than they think, unless they do something.  This would be a big win for Gox and a big win for WU, if they can get to "yes" before their independent death spirals sweep them into the dustbin of history.

It would give Gox the largest localbitcoin franchise globally there is, and WU would cut costs tremendously.  All bitcoin holders would benefit.  Its win-win-win.
But... I'm betting they don't, and am holding my WU shorts until its a penny stock

And I'm holding my WU longs. If WU loses market share at the rate you're predicting, I'll profit way more from my Bitcoin holdings than I can ever lose of my (limited) WU investment.

If WU closes a bitcoin deal, you will win on both, if not, I will.  Either way we both win on bitcoin. 

[ChartBuddy]

[rpietila]

By giving a sthi about WU, I am able to serve the Bitcoin community much more:

Coin is undervalued. Target for November $310, see how.

[molecular]

By giving a sthi about WU, I am able to serve the Bitcoin community much more:

Coin is undervalued. Target for November $310, see how.

$310 per mBit?

[MAbtc]

Looks like asks are up a couple thousand coins since I went to bad last night.

[el_rlee]

Gox is 4th on volume,

Seems about right.

Battling for third place with btc-e.  

[samson]

By giving a sthi about WU, I am able to serve the Bitcoin community much more:

Coin is undervalued. Target for November $310, see how.

Here you go again...

[ChartBuddy]

[rpietila]

By giving a sthi about WU, I am able to serve the Bitcoin community much more:

Coin is undervalued. Target for November $310, see how.

Here you go again...

Yeah, it is absolutely a sign of craziness to care to do linear regression these days. 

[LOADING.READY.RUN]

Yeah, it is absolutely a sign of craziness to care to do linear regression these days. 

Absolutely! You should fit an exponential growth law (Which you did essentially by taking the log() of the price). Anyway, an average 10-folding time of 10 months is impressive! Let's see how long BTC can keep this up!

[mah87]

Yeah, it is absolutely a sign of craziness to care to do linear regression these days. 

Absolutely! You should fit an exponential growth law (Which you did essentially by taking the log() of the price). Anyway, an average 10-folding time of 10 months is impressive! Let's see how long BTC can keep this up!

it's ready to plunge trust me.

[DougTanner]

Gox climbing upwards slowly on low volume (basically no one wants to sell there under $215).

[SheHadMANHands]

Yeah, it is absolutely a sign of craziness to care to do linear regression these days.  

Absolutely! You should fit an exponential growth law (Which you did essentially by taking the log() of the price). Anyway, an average 10-folding time of 10 months is impressive! Let's see how long BTC can keep this up!

it's ready to plunge trust me.

So many broke Joes trying to get cheap coins by making completely empty statements that no one will take seriously.  "Trust him" lol!

Not too late to swallow your ego and buy back in before you miss the boat.  Bon voyage!

[mccorvic]

Gox climbing upwards slowly on low volume (basically no one wants to sell there under $215).

The idea that Gox users are, for once, not desperate to sell their coins for less than what they're worth is blowing my mind.

[MAbtc]

15k to break 233, 7k to break 192.

[mah87]

15k to break 233, 7k to break 192.

I told you, prepare you swimming suit.