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

[JayJuanGee]

Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  

no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Yeah, right....     Is this a joke?

[macsga]

yeah sick of it too....feel played

Searing
 

Price is up 40% in 45 days.  What's not to like?

well maybe I'm nit picking but man that was 4 days of really really good news imho ..kinda stayed flat after it all settled out
newegg taking bitcoin and the guy winning auction to promote bitcoin to promote currency in 3rd world did not budge the market at all

the bank announcement by EU on the other hand down she goes

even thou it is not a lot and not that big a deal..it just has the same effect when i see such stuff as fingernails on a chalk board

so yeah I'm nit picking but still would like to see a bit more even handed ness in the news then eh ..bitcoin is OK to the first little
post of doubt the press and the newbies then shout (the press to sell content) PROOF it is gonna go boom and we have to say that
every time just in case we are right....press sees it does not go boom they ignore us like paris hilton would ignore me laying on the highway
hit by a car

grrrr....(maybe I'm taking this all to hard...need ice cream..yeah thats the ticket hard to be cynical about ice cream...DAMN IT no ice cream....crap)

Searing

[ImI]

Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  

no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Yeah, right....     Is this a joke?

erm....no. the US is two,three steps ahead to europe when it comes to legalisation, regulation and law.

[magicmexican]

Unfortunately i think we are in small bulltrap now, the 30min-2h macd appear to be recovering, but i expect them to be denied with a fat red dildo, seen it too many times :/

[CoinHamster]

link to the EBA paper to read yourself (have not found that in this thread):
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf
 

[Bagatell]

and a reply from the Bitcoin Foundation.

And that raises a meta-issue lurking behind the EBA report: It was written over many months, of course, but it arrives in the wake of an EU election that signaled a rejection of Brussels’ “bureaucratic overreach,” as the New York Times put it last week.

This raises an important question: Will Europe—that is, the EU member states and their people—listen to this report from “Europe”—the EU bureaucracy? Or will they continue to work in a decentralized fashion on getting the benefits of Bitcoin while controlling the risks?

https://bitcoinfoundation.org/2014/07/04/will-europe-listen-to-europe/

[runam0k]

The EBA report is of almost no consequence right now.  Banks don't hold or sell bitcoins and why would we want them to?

Newsflash: using bitcoins does not require banks!  You only need a bank for your fiat money and the EBA report says very clearly that banks should not be disuaded from offering fiat current accounts to Bitcoin businesses.

[JayJuanGee]

Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  

no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Yeah, right....     Is this a joke?

erm....no. the US is two,three steps ahead to europe when it comes to legalisation, regulation and law.

Probably the truth of this statement depends upon the type lf legislation that you are discussing, and the devil is in the details .  Surely, also, there are differences between the two; however, such differences should NOT cause one to conclude that the US is some bastion of progressiveness and acceptance.  In other words, I believe the circumstances surrounding bitcoin are much too complex to make general statements regarding the US as compared with the EU and to suggest that the US is going to be less hostile to bitcoin.

[ChartBuddy]

Explanation

[Patel]

bear logic: I'm going to sell now and buy back when the EU has some clear rules for banks buying massive amounts of bitcoins.

bull logic: I am going to buy as much as I can Next month we will hit $800 with no problem!

hodlers logic: I am going to hodl until moon

[CoinHamster]

The EBA report is of almost no consequence right now.  Banks don't hold or sell bitcoins and why would we want them to?

Newsflash: using bitcoins does not require banks!  You only need a bank for your fiat money and the EBA report says very clearly that banks should not be disuaded from offering fiat current accounts to Bitcoin businesses.

the EBA report is a promotion paper of the EBA, that there is a lot of work to be done in regulation, that it will cost a lot of money and manpower to be done and that it is suggestest to be done because the EBA says, bitcoin is, after checking bei the EBA, to be regulated, because of the risks that are bigger than the advantages... - so please give us the task/money/manpower to do the paperwork.
 

[adamstgBit]

bear logic: I'm going to sell now and buy back when the EU has some clear rules for banks buying massive amounts of bitcoins.

bull logic: I am going to buy as much as I can Next month we will hit $800 with no problem!

hodlers logic: I am going to hodl until moon

adam logic: if 1 million poeple buy 12$ worth of bitcoin all at once, bears are DOOMED!

[aminorex]

I hate

Now I feel polluted for having read your post.

Your puerile contempt means squat.  Try facts and sound reasoning next time.

[ChartBuddy]

Explanation

[aminorex]

ye well, first it was China, then Russian, now EU.

USA is next ?

I welcome all government restrictions. Reminds people to not tell how many coins they have.

It is not likee they don't have the means to find out anyhow

[Peter R]

...try using http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

God, I hate that site. Right at the center of the snake oil infrastructure of Bitcoin.

This entire circlejerk about the 200 Trillion Coin is so intellectually lazy and deceiving, I personally believe it to be the least ethical side of Bitcoin as a social phenomenon. Yes. Worse than Mtgox, SR and Leah McGrath's doxing of an old dude who had nothing to do with Bitcoin.

Oda, can you explain this comment in more detail? 

[Davyd05]

http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf reddit fud

however seems like a good read on what the EBA thinks of Bitcoin

[Tzupy]

...
adam logic: if 1 million poeple buy 12$ worth of bitcoin all at once, bears are DOOMED!

I don't think so. A 12M$ sudden buy spread over all exchanges may secure the uptrend and repel the fear of capitulation.
Or maybe not: from the 25th May it took a 12M$ increase in $ swaps on BFX to raise above 600$ and sustain this range.

[shmadz]

Perhaps some soothing music to calm frayed nerves?

https://www.youtube.com/watch?v=WMQg546agpU

 

[dreamspark]

ye well, first it was China, then Russian, now EU.

USA is next ?

I welcome all government restrictions. Reminds people to not tell how many coins they have.

It is not likee they don't have the means to find out anyhow

Precisely why a completely anon currency will be so vital