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

[adamstgBit]

I dont know why noone is talking about this: http://techcitynews.com/2014/01/13/etoro-launches-bitcoin-trade/

Its a really big deal. Maybe people are somewhat numb after the Fortress announcement or something, but that is in the future. This is right now.

never heard of etoro

i never heard of it either but wtv its another bitcoin market, bullish news, the bottom target just moved up.

[mellowyellow]

I dont know why noone is talking about this: http://techcitynews.com/2014/01/13/etoro-launches-bitcoin-trade/

Its a really big deal. Maybe people are somewhat numb after the Fortress announcement or something, but that is in the future. This is right now.

"eToro will execute Bitcoin orders four times each day"

Will be interesting how that pans out.

[lebing]

I dont know why noone is talking about this: http://techcitynews.com/2014/01/13/etoro-launches-bitcoin-trade/

Its a really big deal. Maybe people are somewhat numb after the Fortress announcement or something, but that is in the future. This is right now.

never heard of etoro

i never heard of it either but wtv its another bitcoin market, bullish news, the bottom target just moved up.

3 million accounts there. Its an enormous social network style financial service.

[MAbtc]

Failure swings on 12-hour scale:

[Bunkervogel]

The wall on bitstamp (820$) is growing larger and larger...

[pera]

where is the "support" anyway?

[Davyd05]

The wall on bitstamp (820$) is growing larger and larger...

no one is biting it, build it up to make it look scary

pera : you can see where it is silly

[adamstgBit]

where is the "support" anyway?

there is none

we be moving down down down until we find it

[adamstgBit]

the bearishness can you feel it? 

[Bunkervogel]

no one is biting it, build it up to make it look scary

btc-e support 800$: 510BTC
bitstamp support 800$: 86BTC

[EFS]

You can see fixed eToro advertisements in every Paid-to-Click site.

[aminorex]

btw so cool that Sir Branson is among us

You don't think it's so cool after I dump some coins 

Actually, yes, I do.  You sacrifice your future in order to enrich mine.  Thank you, Sir.

[gizmoh]

Heads Up: Traders are short term bullish on Bitfinex.  A local low reached maybe..

[adamstgBit]

Heads Up: Traders are short term bullish on Bitfinex.  A local low reached maybe..

when their bet doesn't pay off and they get squeezed i'll be buying.

[ChartBuddy]

Explanation

[aminorex]

I moved all my 401k money from stock mutual funds to very low interest mutual funds when it hit 15,500 on Dow.  I am not sure we see 6-7k again but I think we see 11k.

An article on the San Fran FRB web persuasively argues on the basis of boomer demographics that the S&P P/E will tend to bottom around 8.4 in 2024.

I personally doubt that sovereign currencies will exist at that time.  They are a very new experiment, only having existed since 1971, and they are built on the delusional notion that exponential growth in the underlying economy will permit exponential growth in debt.  The notion that this can be made stable by open market operations and variations in interest rates is a highly improbable one.  Fiat bears all the marks of a failed social experiment since 2011.  Heck, since 1997.

[versace]

waking up still above 800 is nice but will it hold??

[aminorex]

Market wants the 820 wall gone and is willing to commit suicide in order to destroy it.

[adamstgBit]

 

this is so exciting!

[mmitech]

who still trade at Mtgox ?  well this news is not really pleasant http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/

Prevailing sentiment at the time leaned towards the notion that the government was actively cracking down on bitcoin companies, starting with the largest. Recent testimonies by federal agencies indicate that the account seizures were in fact related to the multi-year pursuit of Silk Road operators, rather than a crackdown on money transmission infractions for their own sake. In particular, the written statements not aired on television provide additional insight into the motives behind the seizures.

Notably, the statement by U.S. Immigration and Customs Enforcement (ICE) states,

“In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox, which was moving approximately $60 million per month into a number of Internet-based hidden black markets operating on the Tor network, including Silk Road, were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license. The bulk of the funds were associated with the illicit purchase of drugs, firearms, and child pornography.”