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

[chopstick]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

You have 10's of thousands dead over there..

[Thomas-s]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

You have 10's of thousands dead over there..

It doesn't matter, it's about the news.

[ChartBuddy]

Explanation

[Miz4r]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

If your national currency is plummeting there would be plenty reason to think about bitcoin.

[JorgeStolfi]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

If your national currency is plummeting there would be plenty reason to think about bitcoin.

Since January, Ukraine's currency lost 43% of its dollar value.  Bitcoin lost 56%.  Not yet, maybe soon... 

(Erm, it used to be the evil bankers who drooled when a coutry was collapsing.)

[noobtrader]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

If your national currency is plummeting there would be plenty reason to think about bitcoin.

Since January, Ukraine's currency lost 43% of its dollar value.  Bitcoin lost 56%.  Not yet, maybe soon... 

(Erm, it used to be the evil bankers who drooled when a coutry was collapsing.)

bitcoiner makes a banker looks like a saint

bwahahahahahaha

[NotLambchop]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

If your national currency is plummeting there would be plenty reason to think about bitcoin.

Those closeted Nazis didn't even know how good they had it under Comrade Stalin

[Miz4r]

Ukraine is in the middle of a bloody civil war that was financed and enflamed by none other than America's CIA agency.

The last thing anyone in ukraine is worrying about would be bitcoin.

If your national currency is plummeting there would be plenty reason to think about bitcoin.

Since January, Ukraine's currency lost 43% of its dollar value.  Bitcoin lost 56%.  Not yet, maybe soon... 

(Erm, it used to be the evil bankers who drooled when a coutry was collapsing.)

I am not drooling about Ukraine, I think it's horrible what's happening over there and our current banking system can be blamed for that together with imperialism. And the two specific dates you pick to compare the two show your own bias, you could pick two other dates to prove the opposite.

[elasticband]

300euro on stamp  

[oda.krell]

Hey. Hope you guys don't mind if I stroke my cock ego a bit more in full public view

Very volume.

http://s12.postimg.org/jzqk0m3el/bored.gif

Huh. Sure you're looking at the right thing?

https://i.imgur.com/OCen3ZC.png

https://i.imgur.com/ZiGp4hA.png


Between this (new Chinese volume peak, even higher than volume at capitulation bottom), the major Bitfinex market buys yesterday, and the ramping up of Bitstamp's bid/ask I already mentioned, I'd be seriously surprised if we don't make at least an attempt to get back to 380 within the next 10 days.

Posted November 5th.

November 10th:



Gotta milk it when you're right for a change

[abercrombie]

[keystroke]

Posted November 5th.

November 10th:



Gotta milk it when you're right for a change

Very impressive prediction oda.krell! No, but seriously, I watch your posts carefully.

Just in Mumbai at the moment and I should be out exploring but instead I'm in my room watching the bitcoin price. Sigh.

[ThatDGuy]

Very impressive prediction oda.krell! No, but seriously, I watch your posts carefully.

Just in Mumbai at the moment and I should be out exploring but instead I'm in my room watching the bitcoin price. Sigh.

Go explore! Bitcoin will be here when you get back

[keystroke]

Very impressive prediction oda.krell! No, but seriously, I watch your posts carefully.

Just in Mumbai at the moment and I should be out exploring but instead I'm in my room watching the bitcoin price. Sigh.

Go explore! Bitcoin will be here when you get back

Thanks... I should. $&*($@&# bitcoin addiction sucks!

[oda.krell]

Very impressive prediction oda.krell! No, but seriously, I watch your posts carefully.

Just in Mumbai at the moment and I should be out exploring but instead I'm in my room watching the bitcoin price. Sigh.

Thanks Seriously, go out and do more interesting stuff though. Price won't go all rocket most likely anyway (actually, I'm more thinking dip incoming). Mumbai sounds awesome. Wonder if I could tolerate the food... heard some horror stories from people with non-iron cast stomachs

[Toxonaut]

https://i.imgur.com/XqqscdS.jpg

[Walsoraj]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

November 10, 2014

Statement

FinCEN Statement on Providing Banking Services to Money Services Businesses

The Financial Crimes Enforcement Network (“FinCEN”), as the agency primarily responsible for administering the Bank Secrecy Act, is issuing this Statement to reiterate expectations regarding banking institutions’ obligations under the Bank Secrecy Act for money services businesses.

Money services businesses (“MSBs”),1 including money transmitters important to the global flow of remittances, are losing access to banking services, which may in part be a result of concerns about regulatory scrutiny, the perceived risks presented by money services business accounts, and the costs and burdens associated with maintaining such accounts.

MSBs play an important role in a transparent financial system, particularly because they often provide financial services to people less likely to use traditional banking services and because of their prominent role in providing remittance services. FinCEN believes it is important to reiterate the fact that banking organizations can serve the MSB industry while meeting their Bank Secrecy Act obligations.2

Currently, there is concern that banks are indiscriminately terminating the accounts of all MSBs, or refusing to open accounts for any MSBs, thereby eliminating them as a category of customers. Such a wholesale approach runs counter to the expectation that financial institutions can and should assess the risks of customers on a case-by-case basis. Similarly, a blanket direction by U.S. banks to their foreign correspondents not to process fund transfers of any foreign MSBs, simply because they are MSBs, also runs counter to the risk-based approach. Refusing financial services to an entire segment of the industry can lead to an overall reduction in financial sector transparency that is critical to making the sector resistant to the efforts of illicit actors. This is particularly important with MSB remittance operations.

FinCEN, the IRS, and state regulators have all taken steps to increase the effectiveness of their oversight of MSB Bank Secrecy Act compliance. In 2005, FinCEN issued guidance to MSBs to explain their Bank Secrecy Act regulatory obligations and to notify them of the type of information that they may be expected to produce to a bank in the course of opening or maintaining an account. In 2008, FinCEN, working with the Internal Revenue Service and the states, issued an examination manual for MSB examiners to strengthen the examination process and make it more consistent nationally. In 2010, the Federal Financial Institution Examination Council BSA/AML Examination Manual provided updated information in connection with the examination of banks for, among other things, providing services to money services businesses.3 In addition, state efforts to coordinate supervision and examination practices have increased. States have expanded their use of the Nationwide Multistate Licensing System and Registry (NMLS) for collecting and storing information on MSBs.4 FinCEN and the IRS will continue to work with state regulators, consistent with the Money Remittances Improvement Act of 2014, to strengthen examination and oversight of the MSB industry with respect to Bank Secrecy Act compliance by leveraging appropriate state efforts.

FinCEN does not support the wholesale termination of MSB accounts without regard to the risks presented or the bank’s ability to manage the risk. As noted, MSBs present varying degrees of risk, and not all money services businesses are high-risk. Therefore, when deciding whether to provide services to an MSB customer, financial institutions should assess the risks associated with that particular MSB customer. A financial institution’s risk assessment should include considering whether customer risks can be managed appropriately and the financial institution should maintain levels of controls commensurate with the customer risks presented. Banks that can properly manage customer relationships and effectively mitigate risks are neither prohibited nor discouraged from providing services to MSB customers, regardless of any MSB’s specific business model.

A banking organization’s due diligence should be commensurate with the level of risk presented by the MSB customer as identified in the bank’s risk assessment. If a banking organization’s risk assessment indicates a heightened risk of money laundering or terrorist financing, then the organization should conduct further due diligence in a manner commensurate with the heightened risk. A bank needs to know and understand its MSB customer. To do so, it should understand the MSB’s business model and the general nature of the MSB’s own customer base, but it does not need to know the MSB’s individual customers to comply with the Bank Secrecy Act. This is no different from requirements applicable to any other business customer.

Banking organizations are expected to manage the risk associated with all accounts, including MSB accounts. However, the Bank Secrecy Act does not require, and neither does FinCEN expect, banking institutions to serve as the de facto regulator of the money services business industry any more than of any other industry. FinCEN recognizes that, as a practical matter, it is not possible for a bank to detect and report all potentially illicit transactions that flow through an institution.5 But where an institution follows existing guidance and establishes and maintains an appropriate risk-based program, the institution will be well-positioned to appropriately manage such accounts, while generally detecting and deterring illicit transactions.

In summary, FinCEN, as the agency primarily responsible for administering the Bank Secrecy Act, expects banking organizations that open and maintain accounts for MSBs to apply the requirements of the Bank Secrecy Act, as they do with all accountholders, based on risk. Banking organizations must have appropriately designed policies and procedures to assess an MSB’s money laundering and terrorist financing risks. As with any category of accountholder, the levels of risk will vary; therefore, MSBs should be treated on a case-by-case basis. FinCEN and its regulatory colleagues will continue to monitor trends with respect to the provision of banking services to MSBs and are committed to taking steps to address the wholesale de-banking of an important part of the financial system.

[NotLambchop]

Well this sure is gonna end well
Don't worry tho, I'll be here to dry your tears.

[keystroke]

Thanks Seriously, go out and do more interesting stuff though. Price won't go all rocket most likely anyway (actually, I'm more thinking dip incoming). Mumbai sounds awesome. Wonder if I could tolerate the food... heard some horror stories from people with non-iron cast stomachs

Ahh, thanks for the encouragement! My excuse now is that it is after 9pm now and I spent the day trying to find a place to rent for a month which isn't easy here as they all want long term leases. But I should turn off the bitcoin switch for a few weeks. One of my happiest times in India was when I accidentally stayed somewhere with no Internet (in south Goa) and couldn't easily get a good connection for a month. It was annoying at times but overall made life more fun. Oh the food is one of the best parts (mmm, pav bhaji).

[Tzupy]

I didn't look for a while, was there a 5k dump on OKcoin?