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

[thejaytiesto]

so 275 is the bottom for you?

I have no idea, but I would guess so.

It is difficult to value btc but the price has been higher than 275 for over a year now. In that time a lot of positive things have happened in the space, many that would not have been predicted with a straight face just a year ago.

We are in Holiday season and nothing that happens now is really that significant IMO (see volume). I think we see another pump next year which will draw in the next adoption wave.

Bottom is around 245 for me right now. Panic buys should start if it goes below there.

[Davyd05]

so 275 is the bottom for you?

I have no idea, but I would guess so.

It is difficult to value btc but the price has been higher than 275 for over a year now. In that time a lot of positive things have happened in the space, many that would not have been predicted with a straight face just a year ago.

We are in Holiday season and nothing that happens now is really that significant IMO (see volume). I think we see another pump next year which will draw in the next adoption wave.

Bottom is around 245 for me right now. Panic buys should start if it goes below there.

Breaking the old ath of, will be an intense time frame.. we'll find out if we have lots of support or capitulation shall be interesting to see what happens.

[BitAddict]

Coming from Russia I won't believe it until they have some real laws about that, not just words.
Personally I don't buy it, but here you have the news.

"Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers"
http://rt.com/news/218019-bill-ban-bitcoin-russia/

[ChartBuddy]

Explanation

[JorgeStolfi]

Coming from Russia I won't believe it until they have some real laws about that, not just words.
Personally I don't buy it, but here you have the news.

"Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers"
http://rt.com/news/218019-bill-ban-bitcoin-russia/

I did not see any "Yes to bitcoin" in the Minister's objections.  He complains that "the proposed definition lacks precision", namely it would apply also to merchant points and the like, besides its intended targets. He did not call for the bill to be rejected, but wants the ban to be limited to other things. Guess whether bitcoin would be one of those other things.

Besides, the bill was requested by Putin Almighty, so it probably was motivated by security issues, not economic ones.  In that case, bitcoin would surely be a target.

[rebuilder]

Coming from Russia I won't believe it until they have some real laws about that, not just words.
Personally I don't buy it, but here you have the news.

"Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers"
http://rt.com/news/218019-bill-ban-bitcoin-russia/

I did not see any "Yes to bitcoin" in the Minister's objections.  He complains that "the proposed definition lacks precision", namely it would apply also to merchant points and the like, besides its intended targets. He did not call for the bill to be rejected, but wants the ban to be limited to other things. Guess whether bitcoin would be one of those other things.

Besides, the bill was requested by Putin Almighty, so it probably was motivated by security issues, not economic ones.  In that case, bitcoin would surely be a target.

It seems hard to me to ignore that the Russian Bitcoin ban coincides with Russia's Ukraine intervention. Seeing as they were apparently analyzing the economic ramifications of military intervention, closing off venues for cashflow out of the country seems logical. Russia hasn't put capital controls in place yet, but I'd be surprised if they didn't have plans for such, if things deteriorate beyond their ability to reasonably prop the rouble up.

[ChartBuddy]

Explanation

[macsga]

Coming from Russia I won't believe it until they have some real laws about that, not just words.
Personally I don't buy it, but here you have the news.

"Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers"
http://rt.com/news/218019-bill-ban-bitcoin-russia/

I did not see any "Yes to bitcoin" in the Minister's objections.  He complains that "the proposed definition lacks precision", namely it would apply also to merchant points and the like, besides its intended targets. He did not call for the bill to be rejected, but wants the ban to be limited to other things. Guess whether bitcoin would be one of those other things.

Besides, the bill was requested by Putin Almighty, so it probably was motivated by security issues, not economic ones.  In that case, bitcoin would surely be a target.

It seems hard to me to ignore that the Russian Bitcoin ban coincides with Russia's Ukraine intervention. Seeing as they were apparently analyzing the economic ramifications of military intervention, closing off venues for cashflow out of the country seems logical. Russia hasn't put capital controls in place yet, but I'd be surprised if they didn't have plans for such, if things deteriorate beyond their ability to reasonably prop the rouble up.

While keeping my tinfoil hat on, I'd say the next rally will be triggered by some big (bigger than Cyprus) country in desperation. Maybe it's close, maybe it's far far away; but believe me the next bank run won't be easy to handle.

/tinfoil hat off.

[bizz]

Coming from Russia I won't believe it until they have some real laws about that, not just words.
Personally I don't buy it, but here you have the news.

"Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers"
http://rt.com/news/218019-bill-ban-bitcoin-russia/

I did not see any "Yes to bitcoin" in the Minister's objections.  He complains that "the proposed definition lacks precision", namely it would apply also to merchant points and the like, besides its intended targets. He did not call for the bill to be rejected, but wants the ban to be limited to other things. Guess whether bitcoin would be one of those other things.

Besides, the bill was requested by Putin Almighty, so it probably was motivated by security issues, not economic ones.  In that case, bitcoin would surely be a target.

It seems hard to me to ignore that the Russian Bitcoin ban coincides with Russia's Ukraine intervention. Seeing as they were apparently analyzing the economic ramifications of military intervention, closing off venues for cashflow out of the country seems logical. Russia hasn't put capital controls in place yet, but I'd be surprised if they didn't have plans for such, if things deteriorate beyond their ability to reasonably prop the rouble up.

While keeping my tinfoil hat on, I'd say the next rally will be triggered by some big (bigger than Cyprus) country in desperation. Maybe it's close, maybe it's far far away; but believe me the next bank run won't be easy to handle.

/tinfoil hat off.

Sure. But we are years from that. Look at Russia few days ago. No one will run to banks or bitcoin or even gold. They will run to stores for iPhones & TVs... 

[kryptopojken]

DDOS + dump

[findftp]

Anyone have an idea why bitcointalk was down?
Is it because of the bitcoinbowl?

[Wandererfromthenorth]

Le dump

[NotLambchop]

Good morning, gentlemen.

[Cebuu]

Bitcoin is dying? 

[Son0fLamb]

Bitcoin is dying? 

How do you kill that which has no life?

[LFC_Bitcoin]

People be dumping.
Might buy a bit.
Cheap coins.

[Cebuu]

Im a little bit nervous... I open long at 430 some time ago and I have big loses

[cbeast]

You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.

[Cebuu]

You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.

Maybe is overvalued and other altcoins are undervalued 

[cbeast]

You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.

Maybe is overvalued and other altcoins are undervalued 

Or maybe it's not. Who knows? Let's let the market decide, shall we?