Flashcrash this month

[JimCGSavings]

There is only one US official listed as a speaker. This looks like nothing more than a lobbyist soiree sponsored by big banks. The folks with power may be in attendance, but I doubt they will be paying attention to the speakers.

Really? Looks like more than one. Oh well. let me play devil's advocate and put words in their mouths:

David Mills, Federal Reserve Board of Governors: "BTC is a blackmarket payment system with no accountability"
-
Emery Kober, USA Department of Treasury: "FinCEN has tried to work with them to no avail. We're very concerned."
-
Iddo De Jong, European Central Bank: "We're carefully monitoring the effect this unregulated currency is having on our efforts to save the Euro. We're very concerned."
-
Jason Thomas, Thomson Reuters: It's really cool! All we need to do is let it replace fiat currency and bank fees and it'll rock! It's harmless! Wait...why am I being escorted to the door? It's harmless I tell you!
-
Ernie Allen, International Centre for Missing & Exploited Children: "Would you like to see Britannia Rule again, my friend? All you have to do is follow the worms."
(grin)

[BitcoinAshley]

Really? Looks like more than one. Oh well. let me play devil's advocate and put words in their mouths:
[...]
Ernie Allen, International Centre for Missing & Exploited Children: "Would you like to see Britannia Rule again, my friend? All you have to do is follow the worms."
(grin)

Jim, as much as I hate people with "insider information" making predictions - you have officially redeemed yourself in my eyes.

[AliceWonder]

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. 

I'm a n00b too but I think regulation will be good because it will reduce the scam exchanges and legitimatize bitcoin in the eyes of the American public and *hopefully* result in more exchanges popping up - legitimate exchanges that are safer than the guy behind the counter where you use to buy MTG cards before you had to grow up and get a job.

[BitcoinAshley]

Regulation reduces supply. Regulation increases demand. Especially in the case of a product that is almost specifically designed to thwart regulatory oversight.

Bingo!

Of course it is a bit more complicated than supply and demand, but you get the picture.

[italeffect]

http://www.reddit.com/r/Bitcoin/comments/1g9zgu/reuters_icmec_equate_digital_currency_with_child/

quite negative

[BitPirate]

http://www.reddit.com/r/Bitcoin/comments/1g9zgu/reuters_icmec_equate_digital_currency_with_child/

quite negative

The article itself concludes fairly enough...

In an increasingly interconnected global economy how do we embrace emerging Internet-based technology for legitimate use and prevent the use of these technologies to operate illegal enterprises, such as the trade and selling of children and child pornography under a veil of secrecy and anonymity? That is the challenge.

However there is no data on any of this presented. I think the human trafficking business is worst in developing countries and ostensibly unlikely to depend significantly on the Internet and other emerging technologies.

[CoinEntropy]

Great, another idiot who thinks regulation lowers price. "Hint" or not, that's baloney. If destroying bitcoin were as easy as that, FinCEN would have done it ages ago.

Be as vague as possible and provide no information (other than the classic "I have insider info, I swear!")
A few people might believe you! Good luck 

It will cause short term lower price, because people will think that it may cause it.

Are you Malfoy?

[JimCGSavings]

Really? Looks like more than one. Oh well. let me play devil's advocate and put words in their mouths:
[...]
Ernie Allen, International Centre for Missing & Exploited Children: "Would you like to see Britannia Rule again, my friend? All you have to do is follow the worms."
(grin)

Jim, as much as I hate people with "insider information" making predictions - you have officially redeemed yourself in my eyes.
http://sp0.fotolog.com/photo/0/14/31/cievoloth/1203395128_f.jpg

Thanks! My all time favorite album. I use to play the cassette in my Walkman while I was reading gas meters. Over and over and over. I still play the CD while grinding on F2P EQ2. And now I'm gonna have to watch the movie again. Nice to meet a fellow addict. (grin)

[JimCGSavings]

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. 

I'm a n00b too but I think regulation will be good because it will reduce the scam exchanges and legitimatize bitcoin in the eyes of the American public and *hopefully* result in more exchanges popping up - legitimate exchanges that are safer than the guy behind the counter where you use to buy MTG cards before you had to grow up and get a job.

The problem I see with regulation at this point is that the people that would be doing it are akin to the foxes guarding the hen house. They'd want excessive fees, account verification, chargeback ability, background checks, your first born child as collateral...(grin)

[JimCGSavings]

http://www.reddit.com/r/Bitcoin/comments/1g9zgu/reuters_icmec_equate_digital_currency_with_child/

quite negative

+1 I believe the whole purpose is to pull the public's visceral trigger.

[Rampion]

So much fail in this thread.

[JimCGSavings]

So much fail in this thread.

Could be. If so, it's all mine. I stand by my OP. "And yet it moves" (grin)

[JimCGSavings]

Oh, I can't wait for this crash and burn, I don't mean Bitcoins crash and burn, but you're wild ass guesses and claiming insider information. Burn baby burn!

I don't think anything can kill Bitcoin, if that's what you mean by burn. But I'll deserve all the ridicule I'll get if I'm wrong. I'm all in. (grin)

[JimCGSavings]

Logged.

Seriously? The Wall of Fame? I guess that means I'm famous! Oh shit! That means I'm famous! Time to head for the bunker and put on my tinfoil hat!

It's really a Wall of Fame/Wall of Shame

Either way I'm scared. (grin)

[Rampion]

So much fail in this thread.

Could be. If so, it's all mine. I stand by my OP. "And yet it moves" (grin)

It moves because we are in a motherfucking bear market, you have to be blind not to see it.

We have been trading on decreasing volume since Sunday, while ask sum increased.

A dip was expected for obvious reasons (again: bear market after bubble bursts), regardless of this world Bank FUD gathering. In fact, first dip happened way before that gathering started.

[JimCGSavings]

So much fail in this thread.

Could be. If so, it's all mine. I stand by my OP. "And yet it moves" (grin)

It moves because we are in a motherfucking bear market, you have to be blind not to see it.

We have been trading on decreasing volume since Sunday, while ask sum increased.

A dip was expected for obvious reasons (again: bear market after bubble bursts), regardless of this world Bank FUD gathering. In fact, first dip happened way before that gathering started.

Bottomline is that even if I'm right I'm still a noob who got lucky because of a different point of view. Doesn't mean I suddenly understand BTC trading. I've been reading the Wall Observer thread and I didn't want to post this "epiphany" there because I haven't a clue. BTC has to stay below 99 for me to think my prediction is right. And that's just today. It has to keep dropping to below 88, and stay below 88 on Tuesday as well.

[Its About Sharing]

Any clues as to a time of this 'event' tomorrow?   

9:00 am - 12:00 pm tomorrow.

what time zone?

EDT

11am EDT NOW...

[BitcoinAshley]

Doesn't want to stay below $100 but who knows what the weekend will bring us... 

[Its About Sharing]

Doesn't want to stay below $100 but who knows what the weekend will bring us... 

I've been surprised at the buying pressure. But perhaps, the bigger surprise is that sellers have been careful not to bring the price down much.

[ft73]

Doesn't want to stay below $100 but who knows what the weekend will bring us...  

I've been surprised at the buying pressure. But perhaps, the bigger surprise is that sellers have been careful not to bring the price down much.

Exactly.
Careful for many days now.
Fearful to break their toy?