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

[barbs]

It seems dirty fiat money is today's preference....

[TERA]

Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!

ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare

It's becuase the LTC rally is event-based  (btcchina, huobi)

[rjp55]

It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.

[mmitech]

Anyone able to load Bitfinex.com ?

Works for me.

Its loading now, but during the dumps it went kaput.

On another note, LTC is holding like a man!

ltc always holds, the dump always comes later.

usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare

It's becuase the LTC rally is event-based  (btcchina, huobi)

oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today and I am not selling yet, $100 till the end of this year seems very possible


http://www.mmitech.info/?p=63

[arepo]

It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.

having just started to post in this thread again with frequency, i take personal offense to that

[oda.krell]

Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. They are all drawn after the fact, arbitrarily, using the latest data, which may be skewed high or low if we are currently at a very high or low point. What if the price doesnt actually follow that trendline, or more importantly what if our slope of the trendline is completely wrong? The correct trendline and the correct slope would be revealed only after a major price correction (like 2011) and then we'd follow the new trendline. For example, it could be like this (in purple):





We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.

Perfectly valid observation. It's similar to the longest bear market scenario I can reasonably conjure myself, and probably also matches the EW theory motivated scenario that keeps floating around, in which the bear market lasts into 2015.

That said, I'll start worrying about it once it's clear that the following two, already rather pessimistic, triangles don't play out ultimately, i.e. a clear reversal towards the end of one of the 2 (and a half) triangles. I still consider those  more likely than the scenario above.

[pheL]

Huobi's hodling.

[ChartBuddy]

Explanation

[mah87]

CRASH CRASH CRASH !!

[barbs]

Looks like we're hodling @ 600 for now

[JorgeStolfi]

What bitcoin needs to really take off is an exchange where one can buy BTC and pay with bitcoin. 

[UnDerDoG81]

Looks like that 2k dip was a try to force panic sell but it ain't work ^^

We will see, as I stupidly bought at 685 I have to hodl through this.

[FTWbitcoinFTW]

Looks like that 2k dip was a try to force panic sell but it ain't work ^^

Or bitpay cashout for customer
Could someone can check the last bigs dumps, 1000+, to verify if it's morning in EST ?
Anyway, just a deadcat bounce, we'll test 590/600 again 

[tarmi]

no need to speculate about that 2 k dump with those record low volumes @ 630 and no buy action.

that is what usually happens when nobody buys.

btw, this aint over. this is merely a bounce.

I am shorting like there is no tomorrow.

[JorgeStolfi]

If I understand correctly, three hours from now Huobi will open LTC trading.  Their clients may be assuming that LTC will go up after that, so they are switching to Yuan now in order to buy LTC as cheaply as possible.

[UnDerDoG81]

If I understand correctly, three hours from now Huobi will open LTC trading.  Their clients may be assuming that LTC will go up after that, so they are switching to Yuan now in order to buy LTC as cheaply as possible.

Possible and horrible scenario   

[JorgeStolfi]

If I understand correctly, three hours from now Huobi will open LTC trading.  Their clients may be assuming that LTC will go up after that, so they are switching to Yuan now in order to buy LTC as cheaply as possible.

Possible and horrible scenario   

Actually just two hours from now, IIUC.

[UnDerDoG81]

Never thought ltc could go up to 0.03 btc. And I still can't imagine it ll go up to 0.04 but only because I missed the ltc train

[Walsoraj]

http://online.wsj.com/news/articles/SB10001424052702303563304579447020246651110

Treasury's Cohen Warns Unregistered Bitcoin Exchanges
Says Government's Approach Focuses on Fostering Innovation, Transparency
By MICHAEL J. CASEY
March 18, 2014 9:26 a.m. ET

The Treasury Department will come after the many digital currency exchanges and administrators that haven't registered with the Financial Crimes Enforcement Network, the Department's top official for terrorism and financial intelligence said Tuesday.

However, David S. Cohen, Treasury Under Secretary for Terrorism and Financial Intelligence, stressed that the U.S. government's approach to regulating digital currencies such as bitcoin is driven by a desire to foster innovation and transparency in an industry that has significant potential.

We "know there are many virtual currency exchangers and administrators that have not registered with FinCEN and are not fulfilling their recordkeeping and reporting requirements," Mr. Cohen said, speaking at an event at Bloomberg News in New York. "Those that do not comply with these rules should understand that their actions will have consequences."

He said Treasury's approach to enforcing and devising rules for digital currency use "is rooted in two guiding principles: fostering innovation and ensuring transparency." He described this stance as "more measured and, I would submit, more sensible" than those of countries such as Russia, which sought to ban digital currencies outright.

"We place real value on the benefits of financial innovation," Mr. Cohen said. "Advancements in technology that allow entrepreneurs and businesses to innovate, grow and hire are crucial to our country's long-term economic success."

But he added, "we have a critical responsibility to protect the U.S. economy from illicit finance threats," which he cited as real concern with virtual currencies, one that threatened their long-term viability.

Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector.

He also said that the Treasury will include a representative from the digital currency sector to sit on its Bank Secrecy Act Advisory Board.

[GaliX]

Never thought ltc could go up to 0.03 btc. And I still can't imagine it ll go up to 0.04 but only because I missed the ltc train

I guess it's hurting as a BTC holder double.
LTC rises and BTC is falling because people get into LTC.