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

[KeyserSoze]

Maybe we should let rich folks know where to park their dough?
http://www.cnbc.com/id/101157290

[DougTanner]

$250 on Stamp

[klee]

I think we will break ATH @Stamp/Gox in the next 12h - or correction 20-30$
Or...

 

[strawbs]

Looks like there are no SEPA deposit-queue problems on Bitstamp.

Not at all, I did a transfer yesterday morning from UK and it was in by lunch time ready to trade.

I've just yesterday morning done an international wire from UK to Bitstamp but it hasn't arrived yet.  Can you do SEPA from UK? Was it from a Euro account?

[Nemo1024]

Does everybody realize that public opinion is changing positive towards Bitcoin?

And you thinck that. why

Step one: The public is starting to form an opinion.  That alone is positive.

In my straw polls, I am coming across an increasing frequency of folks that have at least heard of Bitcoin.

I was riding the bus home from work tonight and saw a man in the seat next to me checking bitcoin price developmen in "Bitcoin Ticker" app. Had a pleasant conversation with him, turning a boring bus ride into an entertaining trip, and advising him to move from Gox to Stamp in the process.  

Oh, and it seems Bitcoin awareness does rise lately.

A few people at work know of Bitcoin, and I had even one colleague, who previously never showed any interest in it, come up to me and enquire about it.

[derpinheimer]

$1m bid wall on bitstamp and some nice buys

[miningnew]

just real quick what are the advantages of stamp?
Still on gox   .

[hyphymikey]

$1m bid wall on bitstamp and some nice buys

Along with some Wall Chess Matches going on.

[mccorvic]

just real quick what are the advantages of stamp?
Still on gox   .

Better chance to actually get your money/btc out when you want.

[micalith]

Looks like there are no SEPA deposit-queue problems on Bitstamp.

Not at all, I did a transfer yesterday morning from UK and it was in by lunch time ready to trade.

I've just yesterday morning done an international wire from UK to Bitstamp but it hasn't arrived yet.  Can you do SEPA from UK? Was it from a Euro account?

You can SEPA from a UK account, but I think you have to convert to euros, which costs more than wiring pounds to Bitstamp's excellent exchange rate. SEPA is faster though, yes

edit: Citi-bank does euro and dollar accounts. That would be the way to go with your'e doing allot of trading or arbitrage

[theonewhowaskazu]

just real quick what are the advantages of stamp?
Still on gox   .

Better chance to actually get your money/btc out when you want.

If you want money out of gox, sell on coinbase (If you're in the US).
If you're not in the US, then you can just ask for Gox withdraw in your local currency, it'll take a month though.

[hazek]

Looks like there are no SEPA deposit-queue problems on Bitstamp.

Not at all, I did a transfer yesterday morning from UK and it was in by lunch time ready to trade.

I've just yesterday morning done an international wire from UK to Bitstamp but it hasn't arrived yet.  Can you do SEPA from UK? Was it from a Euro account?

You can SEPA from a UK account, but I think you have to convert to euros, which costs more than wiring pounds to Bitstamp's excellent exchange rate. SEPA is faster though, yes

edit: Citi-bank does euro and dollar accounts. That would be the way to go with your'e doing allot of trading or arbitrage

Yeah, SEPA is tricky from UK because you are exposed to two currency exchanges, on your end GBP -> EUR and on our end EUR -> USD which even if a SEPA deposit is free can be costlier. Btw on our end currency conversion is done automatically by our bank free of charge at their daily exchange rate spreads: http://www.unicreditbank.si/tecajna_lista/?t=1&id_menu=&language=ENG

[barbs]

I just did a sepa from the UK, because I'd rather get the funds sooner and lose a couple £'s then wait for a few days..

Also, trading.i286.org is back with stamp data

[gambitv]

I would be very wary talking about public opinion. Wait to a few of the new bloods have committed to bitcoin only to see there $250 dollar coins be worth less than $100 in a month. ( or days even if sentiment changes ).

I think we will know when bitcoin has attracted too much attention when the US Government outlaw it. As in, anyone doing business in bitcoins is classified as a money transfer business and either has to get a licence or quit it. At the moment the wall street bankers are attracting most of the attention of Government trying to recoup some money from 2008 fiasco. But if bitcoin gains too much attention, and somehow is no longer is allowed in the USA, see how strong the coin will be then.

The 'world police' only have to shine the spotlight on bitcoin and tell the rest of the world to back off...and it will be back to competing with all the other alt-coins for under a dollar a coin.






(... ahhh, you guessed it, I want to buy back in )

[Buster]

Btw on our end currency conversion is done automatically by our bank free of charge at their daily exchange rate spreads: http://www.unicreditbank.si/tecajna_lista/?t=1&id_menu=&language=ENG

In my experience over several deposits in a month, it's not quite free of charge, the rate given is ~0.8% less than the unicredit rates listed.

[the_sunship]

I think we will know when bitcoin has attracted too much attention when the US Government outlaw it. As in, anyone doing business in bitcoins is classified as a money transfer business and either has to get a licence or quit it. At the moment the wall street bankers are attracting most of the attention of Government trying to recoup some money from 2008 fiasco. But if bitcoin gains too much attention, and somehow is no longer is allowed in the USA, see how strong the coin will be then.

i'm in the us and am worried about this scenario. I assume the price would drop dramatically if the US tried to ban it, but if China and much of the world uses bitcoin, wouldn't the value simply spring back up?

[bassclef]

I think we will know when bitcoin has attracted too much attention when the US Government outlaw it. As in, anyone doing business in bitcoins is classified as a money transfer business and either has to get a licence or quit it. At the moment the wall street bankers are attracting most of the attention of Government trying to recoup some money from 2008 fiasco. But if bitcoin gains too much attention, and somehow is no longer is allowed in the USA, see how strong the coin will be then.

i'm in the us and am worried about this scenario. I assume the price would drop dramatically if the US tried to ban it, but if China and much of the world uses bitcoin, wouldn't the value simply spring back up?

Yes, the US would simply get left behind in this scenario, and would be incredibly stupid and short-sighted to do so.

[reactor]

I think we will know when bitcoin has attracted too much attention when the US Government outlaw it. As in, anyone doing business in bitcoins is classified as a money transfer business and either has to get a licence or quit it. At the moment the wall street bankers are attracting most of the attention of Government trying to recoup some money from 2008 fiasco. But if bitcoin gains too much attention, and somehow is no longer is allowed in the USA, see how strong the coin will be then.

i'm in the us and am worried about this scenario. I assume the price would drop dramatically if the US tried to ban it, but if China and much of the world uses bitcoin, wouldn't the value simply spring back up?

Yes, things can exist without US involvement.  Would just suck for those of us in the US who are interested in the currency.

[Spaceman_Spiff]

From a somewhat noobish and and amateur..

The -11 crash came after that hacked account right? And bitcoin lost its real virginity
The april -12 came after a serious targeted attack that caused panic again.

Will next real crash (not correction) again come from something going wrong in a technical sense?

The crash at 266 was due. The DDOS was just the trigger.

Agreed on this, we had a freaking fork with a guy doublespending $10k (or something like that) during the last bubble runup, when BTC was at 50.  If it wants to go higher, a slow exchange site isn't going to stop bitcoin.

[BitchicksHusband]

I think we will know when bitcoin has attracted too much attention when the US Government outlaw it. As in, anyone doing business in bitcoins is classified as a money transfer business and either has to get a licence or quit it. At the moment the wall street bankers are attracting most of the attention of Government trying to recoup some money from 2008 fiasco. But if bitcoin gains too much attention, and somehow is no longer is allowed in the USA, see how strong the coin will be then.

i'm in the us and am worried about this scenario. I assume the price would drop dramatically if the US tried to ban it, but if China and much of the world uses bitcoin, wouldn't the value simply spring back up?

If the Second Market list is investing in Bitcoin, then this is extremely unlikely.  The more hedge fund managers that get involved, the better.