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

[billyjoeallen]

dammit, somebody got my cheap coins. You take one morning off...

[1715037857]

1715037857

[1715037857]

1715037857

[bitdig]

lets see who starts the selling first.. when it comes to news like BBC:
http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fcbr.ru%2Fpress%2FPR.aspx%3Ffile%3D27012014_1825052.htm

Bitcoin is officially illegal in Russia!

[electronistul]

Allrite, is that about it ? can I go eat my dinner now ?

Bitdig, I think your news above was already factored-in in the rally that just ended.

[ShroomsKit]

the ones that sold looked more like whales than sheeps.....and they are still selling....

As always a few whales sell and make money buying back at the right time. The other 90% are small fish who lose coins. Because they are always too late.

[MANofthePEOPLE]

it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  

If that would make you feel slightly better, I don't consider myself worst trader ever but I still do such stuff pretty regularly

haha I have an amazing track record though.. almost every time I sell in the dips I manage to do it at the lowest point. Should just sit on them but not as fun and expensive. Everyone knows it costs money to have a good time

Try not selling all your coins at once, that's most common mistake.

If you sell small part only and price continue to go down you can sell more on the way down. If it goes up, you won't have too much to buy and lose.

Selling and buying all at once is never good thing.

Alright thanks, I'll try that!

[seleme]

I noticed one lovely pattern. Last 3 crashes and "crashes" happened on a day when I made nice profit trading other crypto stuff so watching the crash or "crash" after making nice gain hours before feels much better and make me much calmer

[Arvicco]

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

[Holliday]

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Good for them! The people get the government they deserve!

[adamstgBit]

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

 

[bitdig]

I just posted about it few posts above.
Metabank.ru one of the biggest "middle man" already closed..

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

[seleme]

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

They have not banned BTC nor cryptocurrency, their rule is even softer than China's.

They did word it though to make mining illegal there, as the strongest words were that it is illegal to emmision currency on their soil. Everything else is softer than Chinas.

Miners will barely give a fuck about it though selling mining equipment probably won't happen in Russia anymore.

[MonadTran]

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Good for them! The people get the government they deserve!

It's not true. Russian government "warns the businesses that getting involved with virtual currencies may be in violation of certain AML laws or something".

[dasein]

CCMF!

[Holliday]

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Good for them! The people get the government they deserve!

It's not true. Russian government "warns the businesses that getting involved with virtual currencies may be in violation of certain AML laws or something".

I've read the thread about it already.

Often, I tend to comment in jest.

[ShroomsKit]

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Stop spreading lies.

[OldGeek]

$30 uptick incoming!  (hey it worked before so why not)

[JorgeStolfi]

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia.

From what I can understand of the Google translation they did not quite ban it, but declared it illegal for use as currency (like China did), forbade banks to handle it (like China did, and banks in most other countries prudently refrained on their own), warned citizens of its high investment risk, and finally scared everybody with "you may find yourself involved in nasty crimes if you try to work with it".   

[bitdig]

not exactly, it states more closely to: if you will use bitcoins, we might consider you are involved in terrorism and/or money laundering and such...

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia.

From what I can understand of the Google translation they did not quite ban it, but declared it illegal for use as currency (like China did), forbade banks to handle it (like China did, and banks in most other countries prudently refrained on their own), warned citizens of its high investment risk, and finally scared everybody with "you may find yourself involved in nasty crimes if you try to work with it".  

[magicmexican]

not exactly, it states more closely to: if you will use bitcoins, we might consider you are involved in terrorism and/or money laundering and such...

Only if you are a legal entity, f.e. exchange. Not in a context that any citizen using btc = terrorist

[KFR]

In Soviet Russia Bitcoin hodls you.