hdbuck
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April 08, 2014, 04:57:59 PM |
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The Bitcoin Foundation says this could lead to unrealistic reporting. Rep. Steve Stockman said that he is introducing this bill “to build awareness and create a consensus in the Bitcoin community around government regulation of virtual currencies… I don’t think anyone really has a flavor of what they want and I want to start the Bitcoin conversations.”http://www.forbes.com/sites/perianneboring/2014/04/08/breaking-rep-stockman-to-introduce-first-bitcoin-bill/ APOLOGIES IF PAYWALLED HAVE MY FREE VIEWS STILL FOR DA WEEK >> sorry for caps lmao so now what? we should directly pay our taxes in bitcoin? so that the IRS -> tresor -> FED -> The Bank directly amasses bitcoins and squeeze wealth out of our poor hands which they first filled with paper?? they're loosing control and start desparate moves imho ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) my advice, pay them with their own paper. not bitcoins. nor gold. ^^
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ChartBuddy
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April 08, 2014, 05:00:30 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 08, 2014, 05:01:10 PM |
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20% of the people think that we will be below $440 levels within the next to hours? I doubt that...
I answered that poll like 14 hours ago, or maybe my clock is NOT working properly.. It surely seems like 14 hours when I answered that.. I went to sleep.. etc. etc.. Maybe that's why I still feel tired, didn't sleep enough, less than 2 hours of sleep? Fuck!!!
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JorgeStolfi
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April 08, 2014, 05:04:24 PM |
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Jorge's like the villain in a cheap action movie. Bruised, battered and bleeding, Bitcoin keeps coming. He keeps wondering "Why won't you die??"
I came into the theater when the movie had already gone through three plot changes. Maybe that is why I am still confused about who are the heroes and who are the villains.
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CoinHamster
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฿ ฿ ฿ ฿ ฿
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April 08, 2014, 05:06:35 PM |
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just noticed: MCAD thrillcoaster is running flat since several hours... [4h bitcoinwisdom of BTC-e, Bitstamp, Kraken; Huobi still has red amplitudes]
the calm before the storm? - the omen of an volcanic Event?
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KFR
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April 08, 2014, 05:06:58 PM |
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Jorge's like the villain in a cheap action movie. Bruised, battered and bleeding, Bitcoin keeps coming. He keeps wondering "Why won't you die??"
I came into the theater when the movie had already gone through three plot changes. Maybe that is why I am still confused about who are the heroes and who are the villains. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 08, 2014, 05:07:46 PM |
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Anyone notice that now $458 is compared to Mt. Everest, by a Bull! My estimate that $400 will hold is back up to 60%.
FWIW mine is 70%. We're NOT going below $425 absent some major negative news... so getting down to $400 is even a bigger stretch of the imagination. Without knowing what the news is going to be, it is difficult to assign probabilities.... If we just hypothesize that there is NO major news for the next few months and we just float in the mid-$400s... then I would say the inclination is up and not down.. In other words, we only gonna go up, absent some major negative news.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 08, 2014, 05:11:12 PM |
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Jorge's like the villain in a cheap action movie. Bruised, battered and bleeding, Bitcoin keeps coming. He keeps wondering "Why won't you die??"
I came into the theater when the movie had already gone through three plot changes. Maybe that is why I am still confused about who are the heroes and who are the villains. WOW!!!! Seems like an admission that you may come around... maybe you will buy a bitcoin or two, too?
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aminorex
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Sine secretum non libertas
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April 08, 2014, 05:14:01 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
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Bronstad
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April 08, 2014, 05:15:33 PM |
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Anyone notice that now $458 is compared to Mt. Everest, by a Bull! My estimate that $400 will hold is back up to 60%.
FWIW mine is 70%. I've been at 80% all along tbh - might nudge that up to 90% soon. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fozi1s.gif&t=665&c=PH4j3n4rGQgHUQ) Mine's 100% Satoshi take the wheel!
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Davyd05
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April 08, 2014, 05:16:44 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
every time we have a month long of sideways, I debate how much money to send, either I'm buying on a dip or before a rally lol
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adamstgBit
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April 08, 2014, 05:20:58 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
every time we have a month long of sideways, I debate how much money to send, either I'm buying on a dip or before a rally lol send cash and coins look to either buy the dip or sell the rally. repeat until rich. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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rpietila
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April 08, 2014, 05:32:19 PM |
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I've been at 80% all along tbh - might nudge that up to 90% soon. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Mine's 100% I can bet against at 90% or especially at 100% odds
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ChartBuddy
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April 08, 2014, 06:00:30 PM |
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spooderman
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April 08, 2014, 06:04:10 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp.
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billyjoeallen
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Hide your women
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April 08, 2014, 06:12:27 PM |
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Jorge's like the villain in a cheap action movie. Bruised, battered and bleeding, Bitcoin keeps coming. He keeps wondering "Why won't you die??"
I came into the theater when the movie had already gone through three plot changes. Maybe that is why I am still confused about who are the heroes and who are the villains. It's simple: A stable bitcoin is more valuable for transactions. When it becomes more valuable, the price goes up. When the price goes up too far, it looses value for transactions and the price drops until it finds a new base and stabilizes. Rinse and repeat. A falling bitcoin becomes more attractive the more it falls. It may be attractive to only one person, some idiot like me who thinks that dying with the biggest pile would be kind of neat. As long as there is one person buying, the price will never drop to zero. Price stabilizes when exactly half the market thinks it is overvalued and half think it is undervalued. This means corrections, overcorrections, and finally, stability...until it's transactional value rises again. As long as it has some value at all, it has potentially near-unlimited value. ~$450 could very well be the base for the next rally. It may be lower, but it's unlikely going to be much higher. Every day we stay in this range creates a stronger psychological impression that higher priced coins are expensive. It would even possibly cause a slow slide into oblivion if it wasn't being compared to State-backed currency which has a much greater probability of a slow slide into oblivion. We'll find a base somewhere. The get-rich-quick crowd will eventually figure out that the next ATH is many months if not years away, and reluctantly give us hodlers their coins. As soon as the last one of them throws in the towel, the trend will reverse.
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KFR
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April 08, 2014, 06:14:57 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp. That was quickly patched. More quickly than some old money online banking web sites from what I understand. https://www.ssllabs.com/ssltest/analyze.html?d=bitstamp.net
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JorgeStolfi
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April 08, 2014, 06:16:32 PM |
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Does that mean there won't any meaningful audit for exchanges account? Indeed this is obvious. Why all the experts don't see this? Or, people do not want to see? Any chance to have real audit? Does a real audit mean that must be anominated?
A bank audit relies on the fact that banks must maintain detailed and redundant internal records, kept in different places by many people, in order to prevent internal fraud against themselves, and in order to satisfy various government agencies (IRS, FED, SEC, etc.). Banks and other corporations also have records that are outside their control (such as tax filings, invoices and receipts, transaction records from other banks, etc.) A serious audit will check those records by random sampling. I don't know about stock exchanges, but registration (and the fact that all bitcoin exchanges and stock markets still avoid it) must mean something. Since the company can move assets from one form to another, a serious audit covers all assets and money flows of the company at once. While the balance, transactions, and ownership of a bank account are supposed to be confidential information protected by law, that information is available to many bank workers, and can easily be obtained by law enforcement. Thus there is no fundamental reason why auditors should be prevented from seeing and checking it. Like lawyers and physicians, they are bound by professional ethics, contract, and law to keep that information confidential. There cannot be meaningful audits of bitcoin exchanges unless they are either strictly regulated (which includes keeping standardized and tamper-proof records of all their money and crypto activity) under penalty of law, or fully transparent (meaning that their entire account and transaction databases, including owner identity and deposits/withdrawals, is available at all times). I do not see any chance of either happening... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 08, 2014, 06:21:14 PM |
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp. So the only way that you can trade on Bitstamp is if you have NOT been logged out.. How long could that last? I do NOT have a Bitstamp account, but I know that on some of my bitcoin accounts, I get automatically logged off, periodically.
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oda.krell
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April 08, 2014, 06:23:20 PM |
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A bank audit relies on the fact that banks must maintain detailed and redundant internal records, kept in different places by many people, in order to prevent internal fraud against themselves, and in order to satisfy various government agencies (IRS, FED, SEC, etc.). Banks and other corporations also have records that are outside their control (such as tax filings, invoices and receipts, transaction records from other banks, etc.) A serious audit will check those records by random sampling. I don't know about stock exchanges, but registration (and the fact that all bitcoin exchanges and stock markets still avoid it) must mean something. Since the company can move assets from one form to another, a serious audit covers all assets and money flows of the company at once. While the balance, transactions, and ownership of a bank account are supposed to be confidential information protected by law, that information is available to many bank workers, and can easily be obtained by law enforcement. Thus there is no fundamental reason why auditors should be prevented from seeing and checking it. Like lawyers and physicians, they are bound by professional ethics, contract, and law to keep that information confidential. There cannot be meaningful audits of bitcoin exchanges unless they are either strictly regulated (which includes keeping standardized and tamper-proof records of all their money and crypto activity) under penalty of law, or fully transparent (meaning that their entire account and transaction databases, including owner identity and deposits/withdrawals, is available at all times). I do not see any chance of either happening... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) What you ignore, however, is that while the current series of exchange audits are far from complete, they are still preferable (from a customer's perspective) over the alternative of no audits at all. In particular, the current type of audits, as incomplete as they may be, would have discovered the huge btc hole in mtgox' book a long time ago. It's simply impossible that mtgox, lacking control over a large amount of coins, could have simply "borrowed" control over enough coins to pass the audit.
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