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

[ChartBuddy]

Explanation

[1714763617]

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[1714763617]

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[1714763617]

1714763617

[1714763617]

1714763617

[1714763617]

1714763617

[JimboToronto]

the cheapest was $0.1 when it started 5 years past...

Actually didn't it reach a dime about 4 years ago when it was almost 2 years old?

[spooderman]

I'm sorry but....save 8%ish on every transaction? (I think that's what NY sales tax is)

Wtf?? And we are dropping?

http://www.reddit.com/r/Bitcoin/comments/2oqb7z/new_york_state_lays_down_the_law_for_bitcoin/?utm_source=twitterfeed&utm_medium=twitter

[creekbore]

Virtex is not going to drop much, as the dollar [CDN] has slipped below 87 cents, and will continue to slide, with oil @ 63.05 and falling.  We are really in for it.  Welcome [back] to the shitter.

Thanks Brian.

(Risks Godwin)



Worst ever PM. Even worse than Mulroney. Should be hung for treason.

[lay785]

I'm sorry but....save 8%ish on every transaction? (I think that's what NY sales tax is)

Wtf?? And we are dropping?

http://www.reddit.com/r/Bitcoin/comments/2oqb7z/new_york_state_lays_down_the_law_for_bitcoin/?utm_source=twitterfeed&utm_medium=twitter

wow very bullish if true...

[JimboToronto]

Explanation

Chartbuddy's getting bald again.

Better call Sy Sperling.

[JorgeStolfi]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

[hdbuck]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

lol srlsy? dump cause by china? again? and then news denied but eh, still dumping?
wtf get your shit straight.

it dumped because the price flatness asked for it.

[JorgeStolfi]

"Falcon Global Capital closed its bitcoin fund because of slow demand, said co-founder Brett Stapper. "
http://www.moneynews.com/investinganalysis/bitcoin-fund-slow-demand/2014/12/08/id/611833/

[JorgeStolfi]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

lol srlsy? dump cause by china? again? and then news denied but eh, still dumping?
wtf get your shit straight.

it dumped because the price flatness asked for it.

Yeah, sure. 

[jl2012]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

Unionpay has NEVER played any important role in the transfer of fiat to and from Chinese exchanges. Even if the news was true the impact would be small.

[Sellman]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

lol srlsy? dump cause by china? again? and then news denied but eh, still dumping?
wtf get your shit straight.

it dumped because the price flatness asked for it.

Yeah, sure.  

.... jesus ....

But i'm happy, i take @ 350$ !!! thnx fudder

[Deadstock]

This is what the "CHEAP COIN CREW" wanted all along right?  

[Newbie1022]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

lol srlsy? dump cause by china? again? and then news denied but eh, still dumping?
wtf get your shit straight.

it dumped because the price flatness asked for it.

Yeah, sure. 

Thanks Stolfi for the news. Very interesting. My only wonder is whether the news will have reverberating negative effects because it tossed us off TA levels. But, thanks. I closed my short upon seeing this. My hunch is that the truth isn't really on the market, yet. People are still panicking, responding to the drop the best they can, and potentially associating it with the USMS sale (which was generally negative as far as I can tell -- the coins were divided across). Thus, accurate news hitting the market (positive) v. USMS effects (negative) and sprinkle in some confusion. It's a good time to sit on the sidelines. Again, thanks for the heads up.

[Newbie1022]

The dip may have been due to a rumor about China's Unionpay doing something about their connection to bitcoin exchanges.
The rumor however has been denied, it is claimed.
http://www.reddit.com/r/Bitcoin/comments/2oqf3i/someone_disclosed_the_news_china_unionpay_will/

Unionpay has NEVER played any important role in the transfer of fiat to and from Chinese exchanges. Even if the news was true the impact would be small.

Not necessarily... not if understood by people as a first step towards greater regulation. I think Stolfi's call is accurate. It would, at minimum, explain why the drop sped up over night.

[ChartBuddy]

Explanation

[lyth0s]

I'm sorry but....save 8%ish on every transaction? (I think that's what NY sales tax is)

Wtf?? And we are dropping?

http://www.reddit.com/r/Bitcoin/comments/2oqb7z/new_york_state_lays_down_the_law_for_bitcoin/?utm_source=twitterfeed&utm_medium=twitter

That's not what it seems to be. If you purchase taxable goods with bitcoin, the purchaser will still have to pay sales tax (based on the USD value of the coins at that time), BUT the retailer won't have to pay sales tax on the bitcoin that they technically just "bought" with their goods.

If you use bitcoin to purchase a non-sales tax item, such as c++ source/code in NY, then there is no tax for either party. But there are very limited number of goods and services that aren't taxed in NY.

[JorgeStolfi]

Yesterday's Blockchain.info debacle (weak keys, sometimes same private keys given to different users; coins stolen, unknow losses) happened because someone decided to "improve"  the random number generator:
https://github.com/blockchain/My-Wallet/commit/98d5a7ca59ef04d06ac6aee468634b12975a0f5c

[jl2012]

"Falcon Global Capital closed its bitcoin fund because of slow demand, said co-founder Brett Stapper. "
http://www.moneynews.com/investinganalysis/bitcoin-fund-slow-demand/2014/12/08/id/611833/

Bitcoin didn't make them 50x richer in 10 months so they close fund?

Anyway, the secondmarket fund is still doing well

[Tzupy]

5m MACD of Chinese exchanges suggests another drop is possible soon.