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

[lumierre]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

[ShroomsKit_Disgrace]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait.... 

[Vigil]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.

[lumierre]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait.... 

I hope they interview this guy again in a few years:
http://www.bloomberg.com/video/bitcoin-a-ponzi-scheme-fraud-marathon-s-richards-xkVBN0BCTYOh5O13JTt2Ug.html

[Dragonkiller]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

well to the average user/investor having a fully regulated exchange > an exchange that can gox you at any time

exchanges are free to open anywhere they want, doesn't mean people will trust/use them especially when there are regulated, credible exchanges available

[neilol]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait.... 

I hope they interview this guy again in a few years:
http://www.bloomberg.com/video/bitcoin-a-ponzi-scheme-fraud-marathon-s-richards-xkVBN0BCTYOh5O13JTt2Ug.html

It wont matter - they already have been proven wrong and still hold that view...

If btc settles at $10,000 it will have fallen from a much higher number, and people will be crying crash..

[seleme]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

And those exchanges will be shit just like any others built for few thousands.

We need exchange built for millions, and that will happen in USA only, and that won't happen before every bit of thing is regulated as nobody will invest that amount of money in something that isn't defined by law.

[meanig]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

[deadfi$h]

The title mentions MtGox insolvency, but they never mention MtGox being insolvent in the article.

You can put anything in the URL

http://blog.coinbase.com/post/77766809700/karpeles-denies-involvement-in-perverted-frappucino-incident

LOL!

http://blog.coinbase.com/post/77766809700/karpeles-vows-to-return-investments-in-form-of-magic-the-gathering-cards

[kkaspar]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.

Regulations don't have to come from state. The bitcoin market system can be self-regulatory when it would just get off it's ass and act. Nice to see that this idea isn't getting so much numb-minded "regulation is eeevil! eeevil I tell you! the free market will sort out everything!" as it got couple of weeks ago.

You can check out this topic: https://bitcointalk.org/index.php?topic=458364.msg5055548#msg5055548

[lumierre]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

And that crisis is about to happen after the Federal Reserve tapers (They already started tapering). History tells us again and again that the stock market always crashes after rampant market intervention and manipulation.

[Vigil]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

And those exchanges will be shit just like any others built for few thousands.

We need exchange built for millions, and that will happen in USA only, and that won't happen before every bit of thing is regulated as nobody will invest that amount of money in something that isn't defined by law.

You don't know that. That is the beauty of the free market... it more than likely tends to develop better innovations than regulated ones, despite the bumps along the way.

[Todorius]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.

[modrobert]

Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.

Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.

I don't live in USA but USA is all that matters for Bitcoin to prosper. So, US regulation is coming and I am very happy for it.

Either troll or naive.

Regulation as in using global accounting firms to launder your money and evade tax by moving money between countries as corporations do, but only if you are a member of the club.

Is that your idea of prosperity?

[Vigil]

jeremy liew asking lawsky to expedite regulation

What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.

Regulations don't have to come from state. The bitcoin market system can be self-regulatory when it would just get off it's ass and act. Nice to see that this idea isn't getting so much numb-minded "regulation is eeevil! eeevil I tell you! the free market will sort out everything!" as it got couple of weeks ago.

You can check out this topic: https://bitcointalk.org/index.php?topic=458364.msg5058843#msg5058843

He is talking about US government regulation. I agree, regulations can take different forms, and I am for those free market regulatory forms. I think Bitcoin could allow the demonstration of this to the public, where such possibilities have been prohibited by government and people's lack of understanding of the self regulatory nature of markets.

[kkaspar]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.

Bitcoin isn't a ponzi scheme, because it's just a neutral piece of software. What it is however, is a very good platform to grow ponzi schemes (goxes) on.

[magicmexican]

[21:20:32] <ne0futur> ok, my updated position
[21:20:32] <ne0futur> I still trust mark to try and do the best he can for users
[21:20:33] <ne0futur> which probably means trying to sell to a big player who can cover user deposits

[ajax3592]

Mtgox 750,000 BTC – LOST BY BUG OR INSIDER JOB?

https://twitter.com/CoinRamble/status/438361730201034752

[Todorius]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.

Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.

Bitcoin isn't a ponzi scheme, because it's just a neutral piece of software. What it is however, is a very good platform to grow ponzi schemes (goxes) on.

Yes, I know that, you know that, but not the average guy unfortunately. But they will be forced to learn it the hard way one day, at the latest during the next financial meltdown  

[thoughtfan]

I hope they interview this guy again in a few years:
http://www.bloomberg.com/video/bitcoin-a-ponzi-scheme-fraud-marathon-s-richards-xkVBN0BCTYOh5O13JTt2Ug.html

"Visa, Mastercard, we know what they are...."

He's saying he doesn't know what bitcoin is.  So the fault is not his, it's the network for not asking the question when asking him on.  Do you know what Bitcoins is?!!