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

[windjc]

http://seekingalpha.com/news/1514731-report-prospects-for-winklevoss-bitcoin-etf-approval-look-good

ETF review going smoothly, once it is approved we can properly short!

I thought too much shorting hurt the price in the long run?  

Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible.  Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float.  The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market.  Only redemptions (if the fund allows them) can free those coins to float on an exchange.

What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).

You should have read the original Forbes article this snippet was stolen from.

The lawyer answered your question. Basically the SEC likes the ETF idea directly because it will provide more stability for bitcion price AND allow for an official U.S. bitcoin exchange.

There will be one, probably multiple, fully licensed US bitcoin exchanges started in 2014. And they will be game changers.

[Vigil]

We must introduce this guy to bitcoin and bitcoin to this guy. Amazing speech!
http://www.upworthy.com/one-of-matt-damons-finest-performances-was-never-in-theaters?c=ufb1

No. Stop introducing people to Bitcoin. We don't need more people coming in an buying up coins right now. Don't you want to accumulate more coins? If yes, then stop spreading the word about bitcoin.

[RandyMagnum]

Choo Choo?

*edit: and gone, what a pansy.
*edit 2: removed image here to reduce my contribution to image bloat, update below.

[JimboToronto]

We don't need more people coming in an buying up coins right now. Don't you want to accumulate more coins? If yes, then stop spreading the word about bitcoin.

Dude, we've already had a whole 5 year period to get our coins together.

It's time to move on to widespread adoption.

[RandyMagnum]

Mega Choo Choo.


I doubt it sticks around for more than a minute.  So, own up, which one of you posted it? Perhaps it was pate since he was chatty during that period.

[ChartBuddy]

Explanation

[adamstgBit]

Mega Choo Choo.


I doubt it sticks around for more than a minute.  So, own up, which one of you posted it? haha

 

and its gone

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Davyd05]

why so silent

[BitChick]

why so silent

The bears have nothing to say.  They are going back to hibernation.

[virtualfaqs]

why so silent

The bears have nothing to say.  They are going back to hibernation.

Yes... until the next FUD... 

[NewLiberty]

http://www.pfhub.com/bitcoin-violates-numerous-laws-according-to-indonesia-central-bank-303/

Who cares!

The 247 million indonesians probably care.

Then they'll find their way! Or so I hope!

An Newton cares, (the price violates the law of gravity).

[MAbtc]

why so silent

The bears have nothing to say.  They are going back to hibernation.

Yes... until the next FUD... 

Volatility is usually what brings people out. Right now, we have little. 

One had to expect a bounce at some point after dropping 10% in a couple days.... right?

[Davyd05]

why so silent

The bears have nothing to say.  They are going back to hibernation.

Yes... until the next FUD... 

Volatility is usually what brings people out. Right now, we have little. 

One had to expect a bounce at some point after dropping 10% in a couple days.... right?

for the most part this seems liike a real test of what the market feels about 850 or higher on gox and 750 on stamp. week long consolidation random buyers on the weekend or no?

[Ashitank]

Guys do I need to be AML verified to withdraw BTC @ gox ?

Does AML verification @ Gox only apply to fiat deposit & withdrawals or to bitcoins as well.

[aminorex]

Oh, better far to live and die
Under the brave black flag I fly,
Than play a sanctimonious part,
With a protein head and a protein heart.
Away to the cheating world go you,
Where acids all are well-to-do;
But I’ll be true to the song I sing,
And live and die a Protein King.

For I am a Protein King!
And it is, it is a glorious thing
To be a Protein King!

For I am a Protein King!

You are!
Hurrah for the Protein King!
King.

And it is, it is a glorious thing
To be a Protein King.

It is!
Hurrah for the Protein King!
Hurrah for the Protein King!

When I sally forth to seek my prey
I help myself in a royal way.
I sink a few more coins, it’s true,
Than a well-bred monarch ought to do;
But many a king on a first-class throne,
If he wants to call his crown his own,
Must manage somehow to get through
More dirty work than ever I do,

For I am a Protein King!
And it is, it is a glorious thing
To be a Protein King!
For I am a Protein King!

You are!
Hurrah for the Protein King!
King.

And it is, it is a glorious thing
To be a Protein King.

It is!
Hurrah for the Protein King!

[Blue]

Oh, better far to live and die
Under the brave black flag I fly,

...  die a Protein King.

Great !

Is that your morning prayer ?

[JorgeStolfi]

O Market Pundits: is the volume low because the price is stable, or is the price stable because the volume is low?

[kurious]

O Market Pundits: is the volume low because the price is stable, or is the price stable because the volume is low?

By 'stable' you mean - it hasn't moved much over a Friday night...?