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

[gentlemand]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

[1713253439]

1713253439

[1713253439]

1713253439

[BitcoinAshley]

Whatever happens Jan.31, it's already priced in by the whales. 

[shields]

Whatever happens Jan.31, it's already priced in by the whales.  

which would mean they sold, which would mean we most likely get buying pressure after the event.

[notme]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Nope, US.  Although to be fair, there aren't any bitcoin ATMs at all around here.  It's cool though, coinbase takes care of me when I can't find a local contact to trade with.

[JorgeStolfi]

If people can withdraw USD from MtGOX, then what is maintaining the 20% spread between them and all other exchanges?  Arbitrage traders should be hogging the place...

[gentlemand]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Nope, US.  Although to be fair, there aren't any bitcoin ATMs at all around here.  It's cool though, coinbase takes care of me when I can't find a local contact to trade with.

They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.

[notme]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Nope, US.  Although to be fair, there aren't any bitcoin ATMs at all around here.  It's cool though, coinbase takes care of me when I can't find a local contact to trade with.

They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.

They would need a money transmission license in each state they wished to service customers.  Most states require a "surety bond" as a condition of licensure.  For example, in my home state they would have to put down $300,000 in addition to any processing and legal fees.  Some estimates put this cost at about $20 million to be able to service all 50 states.  No wonder there is no competition in the banking sector....

[gentlemand]

Yes, I can see why that would be a small obstacle.

[mellowyellow]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Maybe because so under serviced at the moment? And you're right, nowhere in the UK is 5-6 hours away from a shop or bank, you could travel half the length of the country in that time.

[MatTheCat]

Bots on stamp battering microstransactions at 803.34 in desperation.

[ChartBuddy]

Explanation

[Phinnaeus Gage]

Blast from the past, acting as a reminding to have on hand if the 1K milestone is hit later this evening.

[spooderman]

It all seems a little chewy chewy mother fuckery to me.

[podyx]

1 thing is sure

u dont wanna be a bear in feb-march

 

[josiahgarber]

1 thing is sure

u dont wanna be a bear in feb-march

 

I am thinking march could be a particularly bad time to be a bear, but who knows.

[josiahgarber]

I think we're going to see some serious action after the 31st.  Anyone else get that feeling?

[delphic]

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Nope, US.  Although to be fair, there aren't any bitcoin ATMs at all around here.  It's cool though, coinbase takes care of me when I can't find a local contact to trade with.

They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.

Don't forget the NY hearings coming up on 28/29 Jan. They should make things clearer and possibly set precedents.

[Richy_T]

B_tc=C²MF

[TERA]

B_tc=C²MF

[ChartBuddy]

Explanation