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Question: Apr. 30 Bitcoin Price
<$6,000 - 12 (9.3%)
$6,000-$6,500 - 2 (1.6%)
$6,500-$7,000 - 5 (3.9%)
$7,000-$7,500 - 3 (2.3%)
$7,500-$8,000 - 4 (3.1%)
$8,000-$8,500 - 8 (6.2%)
$8,500-$9,000 - 16 (12.4%)
$9,000-$9,500 - 16 (12.4%)
$9,500-$10,000 - 15 (11.6%)
$10,000-$10,500 - 6 (4.7%)
$10,500-$11,000 - 4 (3.1%)
>$11,000 - 38 (29.5%)
Total Voters: 129

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20246440 times)
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JorgeStolfi
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January 26, 2014, 12:21:06 AM
 #79781

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...
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January 26, 2014, 12:23:10 AM
 #79782

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.
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January 26, 2014, 12:26:57 AM
 #79783

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....
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January 26, 2014, 12:30:02 AM
 #79784

Yes, I can see why that would be a small obstacle.
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January 26, 2014, 12:32:38 AM
 #79785

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.
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January 26, 2014, 12:41:28 AM
 #79786

Bots on stamp battering microstransactions at 803.34 in desperation.
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January 26, 2014, 01:02:45 AM
 #79787


Explanation
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January 26, 2014, 01:08:04 AM
 #79788

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

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January 26, 2014, 01:08:10 AM
 #79789

It all seems a little chewy chewy mother fuckery to me.
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January 26, 2014, 01:09:32 AM
 #79790

1 thing is sure

u dont wanna be a bear in feb-march

 Grin Grin Grin
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January 26, 2014, 01:15:11 AM
 #79791

1 thing is sure

u dont wanna be a bear in feb-march

 Grin Grin Grin

I am thinking march could be a particularly bad time to be a bear, but who knows.
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January 26, 2014, 01:17:06 AM
 #79792

I think we're going to see some serious action after the 31st.  Anyone else get that feeling?
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January 26, 2014, 01:24:39 AM
 #79793

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.
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January 26, 2014, 01:39:20 AM
 #79794

Btc=C2MF
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January 26, 2014, 01:43:33 AM
 #79795

Btc=C2MF
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January 26, 2014, 02:02:32 AM
 #79796


Explanation
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January 26, 2014, 02:08:56 AM
 #79797

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

which would mean they sold, which would mean we most likely get buying pressure after the event.
why would that mean they sold? it looks like they bought a lot at 500..... now its trending up, what more can I say?
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January 26, 2014, 03:00:07 AM
 #79798

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.
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January 26, 2014, 03:02:32 AM
 #79799


Explanation
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January 26, 2014, 03:23:17 AM
 #79800

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.
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