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

[aminorex]

...gloom...

Best news I've had all day.

[aminorex]

what does btc have to drop bellow before its seen as trend reversal?

443

[Bronstad]

More lows to come i'm afraid.

Shorty be shortin'

You ain't fooling anyone! 

[JustBetweenUs]

Sorry to break the party, but there is too much optimism/bulls in here..
Terrorist using BTC = Bad Image for Btc.
It will be a good excuse to impose stiff control by govts/banks on VC exchanges/services.


More bad news for Goxers:
www.coindesk.com/leak-documents-suggest-mt-gox-paid-200k-parent-company-may/

In other alarming news, the documents, if genuine, reveal Mt. Gox’s remaining funds total only $7.6m – significantly less than the $38m in assets claimed in its bankruptcy application.

can you link to this terrorist connection thing?

https://uk.news.yahoo.com/global-jihad-could-funded-bitcoin-105333920.html

The US Department of Defense is currently conducting a counter-terrorism investigation of virtual currencies like bitcoin.

More lows to come i'm afraid.

In other news, 99.99% of all terrorists are funded by dollars.

Weak, weak FUD.

[kodtycoon]

what does btc have to drop bellow before its seen as trend reversal?

443

seriously that low?

[magicmexican]

"And you call this a dump? Even we did better" - PboC

[derpinheimer]

China had a 25CNY slippage buy.. nice..

You rarely see such spikes on Huobi, since it has fairly good depth..

[Globb0]

This is the latest scam. Governments confiscating all the coins. Lets guess, perhaps an auction?   mmmmm

http://www.reuters.com/article/2014/07/07/us-france-bitcoin-idUSKBN0FC19220140707


"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit"

ooo they had the good ones hehe

[gizmoh]

More lows to come i'm afraid.

Shorty be shortin'

You ain't fooling anyone!  

Too risky to short without a confirmed ban from the US Department of Defense report 
I'm patiently waiting for 400's from a crash ^soon

[aminorex]

what does btc have to drop bellow before its seen as trend reversal?

443

seriously that low?

SRSLY

It's the daily support line.  Gotta remember, we were buying at 341 in April.

[Sandia]

That was great timing.  I had just convinced myself to go margin long at 629, then the ISIS news hit and the price dropped to 616 before I could pull the trigger.

This skittishness is cringe worthy.  There is a hint of FUD, so everyone sells.  There is no thought of whether the story is even important (see the auction for a great example).  BTC traders need to put on their big boy pants and stop being pansies.  Or stop trying to make a living from $5 profits.

[hodl_2015]

And more to the point what coin were terrorist using before the advent of btc? Bars of gold?

Probably German-Marks. The German Mark was used far outside Europe, and many of these users have followed the switch to Euro's. (Or dollars, since most people will make exceptions for money)

The switch to Euro's would have been the perfect event to get rid of all existing black money, I don't remember that having happened. I even read somewhere that converting all black-money to euros (unreported savings, plain money-laundering but also large criminal assets) was crucial for making the switch a success.

If Obama had a switch to instantly prevent the use of dollars in illegal activities and unreported savings anywhere in the world, would he touch it? I think the result would not be pretty.
It's well worth trying to minimize questionable use of a currency, but in the end, currencies need to be exchanged more-or-less without restrictions, or it isn't a real currency any more.

[empowering]

Sorry to break the party, but there is too much optimism/bulls in here..
Terrorist using BTC = Bad Image for Btc.
It will be a good excuse to impose stiff control by govts/banks on VC exchanges/services.


More bad news for Goxers:
www.coindesk.com/leak-documents-suggest-mt-gox-paid-200k-parent-company-may/

In other alarming news, the documents, if genuine, reveal Mt. Gox’s remaining funds total only $7.6m – significantly less than the $38m in assets claimed in its bankruptcy application.

can you link to this terrorist connection thing?

And more to the point what coin were terrorist using before the advent of btc? Bars of gold?

anything that HSBC could get their hands on 

http://www.bbc.co.uk/news/business-18880269

[byronbb]

what does btc have to drop bellow before its seen as trend reversal?

443

seriously that low?

$560

[samsonn25]

I see next support level 550-560

[Timmmaahh]

550 isnt going to hold when they start buying their guns from overstock.com

double digits tomorrow!

RIP bitcoin

thanks obama!

and he's trolling again

[ChartBuddy]

Explanation

[conspirosphere.tk]

https://uk.news.yahoo.com/global-jihad-could-funded-bitcoin-105333920.html

The US Department of Defense is currently conducting a counter-terrorism investigation of virtual currencies like bitcoin.

we're all terrorists now.
Join (and enjoy) the party.

Still, I will take any crash as a good buy opportunity.

[Dotto]

Too much irrationallity in the markets this days. This islamist FUD tastes so cheesiely good!

[klondike_bar]

That was great timing.  I had just convinced myself to go margin long at 629, then the ISIS news hit and the price dropped to 616 before I could pull the trigger.

This skittishness is cringe worthy.  There is a hint of FUD, so everyone sells.  There is no thought of whether the story is even important (see the auction for a great example).  BTC traders need to put on their big boy pants and stop being pansies.  Or stop trying to make a living from $5 profits.

if you are confident take advantage of the low price, or chase the rally

I know the time will come, just need to be patient. gains rarely happen overnight