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

[micalith]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

[Davyd05]

It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.

damn i woke to the sound of dumps. and missed it still shitttttttt

Even had you been awake to place orders you still would have missed it because Gox was running minutes behind. so, everytime you placed a buy the price had already moved far away from your bid.

on a cad exchange. i would've been able to sell if I woke up an hr ago

I caught it @ virtex, but it was a bit nerve wracking with the delays and glitchy performance. I got all safely back in, price came back up, and then my latest deposit cleared LOL.  

The one night I don't set price alarms for sub 1100 or 1000..

[niothor]

Waking up , seeing 9** , people panicking , nothing new..
Going to have a coffee now and a beer in the afternoon when it hits 1000 again.

[maz]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

[inca]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

I think as a permabear he is hinting the selling is not over (the price is > 0)

[nocturnal]

wrong news sorry

[KieranJones1]

Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the Southeast Asian country.

According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.

Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.

 Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.

"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.

Please ignore this. This is news from July. nocturnal is trying to cause a further crash by posting to the BitcoinTalk forum, which in itself is hilarious.

http://www.cnbc.com/id/100923551

[micalith]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

[CryptStorm]

Continued disruption by a disruptive technology. Hmmm, the sky is falling. Nice consolidation though! 

[NewLiberty]

Bitcoin is a distributed timestamping and script processing engine.

Currency and payment processing is just the first program that we've decided to run on it.

QFT

[nocturnal]

Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the Southeast Asian country.

According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.

Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.

 Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.

"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.

Please ignore this. This is news from July. nocturnal is trying to cause a further crash by posting to the BitcoinTalk forum, which in itself is hilarious.

http://www.cnbc.com/id/100923551

lol i didnt knew this news was from july. I just read it from Turkish forum , but thanks for warning , gonna post your link there.

BTW I am not trying to speculate btc.. lol

[KieranJones1]

I see, sorry for accusing you of bearishness. You can never be too careful

[maz]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

[ChartBuddy]

[wachtwoord]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

It's neutral news. As was the US lovefest.

[Vigil]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

This basically means that financial institutions are going to die in China. Why would China promote Bitcoin and then start banning its use?

[Davyd05]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

They banned financial institutions and the like from themselves trading bitcoins as I've understood it.. don't think its a blanket ban.

[Drabla]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

"At this stage, all financial institutions and payment institutions..." - http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

Do you actually inform yourself before posting? I take this as "We'll first check how we can tax the shit out of this"

[maz]

This is just getting started guys, stop suffering from myopia.

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

"At this stage, all financial institutions and payment institutions" - http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

Do you actually inform yourself before posting? I take this as "We'll first check how we can tax the shit out of this"

The important thing is that the Chinese government have eventually 'showed their hand', which we have all been waiting for. And it's not good news.

[Davyd05]

All I see is a bear trap forming but am pretty bummed I missed the opt to sell high buy low..