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

[stompix]

choo choo??!

-> http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution

For what reason this should cause Cho-Cho?

'cause people should trust more in a BTC, that is currently falling like a stone?

Now , for the first time I feel like panicking ..
When people stop searching for good news in order for bitcoin prices to go up and instead search for disasters to achieve the same goal , that's a bad sign.

Wishing for another Cyprus?

[1714102408]

1714102408

[dgarcia]

choo choo??!

-> http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution

For what reason this should cause Cho-Cho?

'cause people should trust more in a BTC, that is currently falling like a stone?

Now , for the first time I feel like panicking ..
When people stop searching for good news in order for bitcoin prices to go up and instead search for disasters to achieve the same goal , that's a bad sign.

Wishing for another Cyprus?

I'm not so bearish as it seems. But I can't image that people which are scared of beeing dispossessed by the state, will put money in Bitcoins with the risk of even lose more.

That's not bearish, that's realistic. At the moment Bitcoin is scaring more than states and the threat of dispossession.

I hope this will change soon...

[billyjoeallen]

EU confiscation would boost Bitcoin like 10 Cypruses (Cypri?) squared. No, we don't hope it'll happen. It would be a disaster, but it would be a worse disaster if we couldn't help the poor bastards by selling them some crypto.

[stompix]

EU confiscation would boost Bitcoin like 10 Cypruses (Cypri?) squared. No, we don't hope it'll happen. It would be a disaster, but it would be a worse disaster if we couldn't help the poor bastards by selling them some crypto.

A whole Eu confiscation will bring disaster to more people than bitcoin could save.
And with banks having accounts locked , I doubt bitcoin prices will go too much up , since most people use .. lol, banks to buy bitcoins.

[runam0k]

Wishing for another Cyprus?

No, not wishing for another Cyprus.  A lot of Europeans think Cyprus was a one-off, which IMO is incredibly naive.  Maybe this report will prompt people to consider how safe their money really is.  If even a small % of savings are moved to Bitcoin, it's choo choo, whether another Cyprus happens or not.  Personally I think another Cyprus - or a Europe-wide measure as described in the report - is inevitable.

[hdbuck]

EU confiscation would boost Bitcoin like 10 Cypruses (Cypri?) squared. No, we don't hope it'll happen. It would be a disaster, but it would be a worse disaster if we couldn't help the poor bastards by selling them some crypto.

Yup! IMO it got to be worse before getting better anyway... Another Cyprus scenario at EU scale could definitely launch Bitcoin to da moon!! I mean, come on we all know cyprus was a test before implementing it on a larger scale anyway... Shit is about to hit the fan people.. And i see Bitcoin as the only credible safehaven from those corrupted banksters and governements.

PS: but i know it will be a disaster for most EU citizens having their savings seized/robbed Gox style..

[delphic]

The Polish government seized part of peoples private pensions last September. Didn't seem to affect BTC prices - perhaps people had too little warning.

Anyway, the precedent is already set.

http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load

[solex]

choo choo??!

-> http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution

When ZH first posted that article it had a title like "Why aren't Europeans buying Bitcoin".
Then they quickly amended it.

[billyjoeallen]

choo choo??!

-> http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution

When ZH first posted that article it had a title like "Why aren't Europeans buying Bitcoin".
Then they quickly amended it.

They aren't buying bitcoin (yet) for the same reason people kept their funds at Gox. They didn't see or didn't pay attention to the signs. I took about a 15% hit getting the last of my money out. The price premium was an ominous indicator. Many people didn't race for the lifeboats on the Titanic, either. http://en.wikipedia.org/wiki/Normalcy_bias

[GreekGeek]

http://www.forbes.com/sites/leoking/2014/02/13/mt-gox-ceo-mark-karpeles-responds-to-widespread-bitcoin-criticism/

[fluidjax]

They aren't buying bitcoin (yet) for the same reason people kept their funds at Gox. They didn't see or didn't pay attention to the signs. I took about a 15% hit getting the last of my money out. The price premium was an ominous indicator. Many people didn't race for the lifeboats on the Titanic, either. http://en.wikipedia.org/wiki/Normalcy_bias

People won't panic until everyone else panics, the stampede type effect. Its the media that will instigate this panic, and the mainstream media as we saw with Cypress are happy to downplay it as a small story.

[electronistul]

This is an interesting option.
I'd like that to happen, but as someone who holds some millions of euros in several accounts, spread all over - what would be the incentive to buy bitcoin instead of gold, or real estate for that matter...

[empowering]

Dunno, will be interesting to see if malleability fix has a strong enough reaction to reverse direction for some time.

I highly doubt that. Once the bitcoin gets unstuck, people will sell sell sell.

People can only sell sell sell, if some one is going to buy buy buy...

and I will be one of those buy buy buyers...

[billyjoeallen]

This is an interesting option.
I'd like that to happen, but as someone who holds some millions of euros in several accounts, spread all over - what would be the incentive to buy bitcoin instead of gold, or real estate for that matter...

It's harder to smuggle gold out in the event of capital controls and damn impossible for land. If you have to pay property tax or are subject to use restrictions, you never really own land anyway.

[creekbore]

your feelings matter but you're ostensibly a man, so you should know that they don't.

Seriously, if you think like that then your idea of being a 'man' is pretty juvenile and you are a pretty strong contender to have mental health issues.

You could argue that emoting is more useful than thinking. You would be wrong, but you could argue that. What you can't credibly say is that juveniles more typically act on what they think as opposed to what they feel, especially when compared to mature adults. You just discredit yourself when you do that. Same goes for comparing men to women, unless you get all your info from The View.

I have no idea what any of that means.  

I'm not sure you understand or even comprehend emotional intelligence; but the male of the species who repress their feelings often end up sucking a tail pipe or a shotgun.  You seem the sort of 'man' I've spent my life trying not to be.

My ignore list is small and select - have fun there.

[empowering]

In 2+ years of using crypto, not one of my real life friends has ever posted anything about bitcoin on their Pussbook.

Today DOGE just hit my facebook news feed................. the world is doomed

Where are you from? This DOGE mem is completely unknown in Germany...

Good good... I think you guys are the right guys for the job....  I think that you should track all Doge fans down within German borders, maybe anex a neighbouring country, and build special camps for the Doge fans, and keep them all there, well labelled, and prevent them from any Doge trading.... this would in the meantime until we come up with a longer term fix........ or to coin a phrase.........a final solution.

Wow such bad
Much poor taste
Very could not help myself
Bad joke.

 

No seriously... crank that machine back up again and and verboten dem pesky Doge'rs  

DOGECOIN Das ist streng verboten!

[JoeyD]

This is an interesting option.
I'd like that to happen, but as someone who holds some millions of euros in several accounts, spread all over - what would be the incentive to buy bitcoin instead of gold, or real estate for that matter...

Confiscation, although it will have another name, like how the Netherlands is now "cutting spending" by robbing all large pools of money like the funds of pensions and housing-corporations in an effort to stimulate the economy and spending. Funny how the press just repeated the statement like it was the most normal thing in the world. However if I were to follow their example and cut my spending at a cash register or with the help of some wealthy looking person in a dark alley I'd be put in jail for days. No wait, jailtime in days was for murder small scale economic crimes off course deserve far harsher punishment, I'm talking weeks maybe months man, the inhumanity.

[surfer43]

DDos #btc-e 

[surfer43]

LOL they posted on twitter again

https://twitter.com/btcecom/status/433940858597961729

[pinky]

This is an interesting option.
I'd like that to happen, but as someone who holds some millions of euros in several accounts, spread all over - what would be the incentive to buy bitcoin instead of gold, or real estate for that matter...

It's harder to smuggle gold out in the event of capital controls and damn impossible for land. If you have to pay property tax or are subject to use restrictions, you never really own land anyway.

But don't forget that rich participate in writing new laws and they will create few loop-holes. Rich own things - mostly international businesses and transfering things will never be a problem for them. Beside politics is in bed with them.