Coincidence? | Bitcointalksearch.org

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Walsoraj on August 30, 2013, 04:25:20 PM

Quote from: Wekkel on August 30, 2013, 04:23:43 PM

Quote from: Walsoraj on August 30, 2013, 04:10:18 PM

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

It will require some superb timing.

It requires zero timing. It is inevitable. There almost no new money flowing into the exchanges, not nearly at the right it is leaving.

Nothing rises forever. Its about getting out in time and buy back at lower prices. The only risk is Gox seizing up with my cash/coins inside.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Walsoraj on August 30, 2013, 04:25:20 PM

Quote from: Wekkel on August 30, 2013, 04:23:43 PM

Quote from: Walsoraj on August 30, 2013, 04:10:18 PM

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

It will require some superb timing.

It requires zero timing. It is inevitable. There almost no new money flowing into the exchanges, not nearly at the right it is leaving.

This is what I was wondering about. Search trends look like there is no new interest in bitcoin; a price spike may change that. But the atmosphere and volume over the past couple months hasn't felt like there is much of any new blood, which makes me think there is little basis for sustaining the recent uptrend.

600watt

legendary

Activity: 2338

Merit: 2106

a regular bit coincidence Grin

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Wekkel on August 30, 2013, 04:23:43 PM

Quote from: Walsoraj on August 30, 2013, 04:10:18 PM

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

It will require some superb timing.

It requires zero timing. It is inevitable. There almost no new money flowing into the exchanges, not nearly at the rate it is leaving.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Walsoraj on August 30, 2013, 04:10:18 PM

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

It will require some superb timing.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Walsoraj on August 30, 2013, 04:10:18 PM

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

as long as the arbitrage opportunity exists, the fiat will not dry up.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Wekkel on August 30, 2013, 04:07:00 PM

Less supply = higher prices.

Until all the fiat dries up, then mega crash

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: rampantparanoia on August 30, 2013, 04:00:42 PM

Quote from: bitcon on August 30, 2013, 03:58:45 PM

there will always be ways of getting coins without being "monitored" or traced. not that possessing them is illegal anyways.

...yet.

see http://en.wikipedia.org/wiki/Executive_Order_6102

good thing that law applies to gold and certificates and not bitcoin. besides the genius of bitcoin is that its so easy to hide; the govt would never know who was hoarding.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Less supply = higher prices.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Joe200 on August 30, 2013, 03:50:23 PM

Dwolla stopped processing coin related payments. Yes, I can still do the money orders with BX.

Huh? i thought dwolla still processed payments from a fincen registered exchange like CampBX, but DID stop processing non-exchange transactions (i.e., person to person, not registered w fincen).

*edit*

Yup, you are an idiot. Dwolla is shown on the CampBX homepage, indicating they still work together. I'm seeing recent BX facebook posts implying dwolla still works too. Check: https://campbx.com/dwolla.php

My guess is your dwolla account got suspended because you were doing person to person transactions. Maybe via localbitcoins?

rampantparanoia

sr. member

Activity: 516

Merit: 283

Quote from: bitcon on August 30, 2013, 03:58:45 PM

there will always be ways of getting coins without being "monitored" or traced. not that possessing them is illegal anyways.

...yet.

see http://en.wikipedia.org/wiki/Executive_Order_6102

Joe200

sr. member

Activity: 317

Merit: 252

Quote from: bitcon on August 30, 2013, 03:58:45 PM

there will always be ways of getting coins without being "monitored" or traced. not that possessing them is illegal anyways.

Speaking of which. What's a good way of moving money from a US bank account to bitstamp? I am confused. I don't have international wire.

bitcon

legendary

Activity: 2212

Merit: 1008

there will always be ways of getting coins without being "monitored" or traced. not that possessing them is illegal anyways.

rampantparanoia

sr. member

Activity: 516

Merit: 283

whew... good thing I withdrew everything 2 days ago via Dwolla

I guess to really add to the discussion:
It sounds like US gov't is starting to crack down on these exchanges for not following proper procedure. Well, more like they're trying to squeeze the money transmitters to the exchange.
Now you'll see the evolved exchanges emerge - exchanges that follow US money transmitting laws and such. Which means, all BTC transactions originating in the US will be monitored.

Joe200

sr. member

Activity: 317

Merit: 252

Dwolla stopped processing coin related payments. Yes, I can still do the money orders with BX.

rampantparanoia

sr. member

Activity: 516

Merit: 283

Quote from: Joe200 on August 30, 2013, 03:45:15 PM

We are moving up pretty rapidly. Not saying this is the rocket, but the up moves have been very strong.

At the same time, it's getting harder and harder to buy coins. Gox, CampBX, now Tradehill. What's going on? Just when I need the coins, I can't get them. Is there a conspiracy of some kind?

Discuss.

Campbx is having problems? I wasn't aware... then again I don't use money orders.

Joe200

sr. member

Activity: 317

Merit: 252

We are moving up pretty rapidly. Not saying this is the rocket, but the up moves have been very strong.

At the same time, it's getting harder and harder to buy coins. Gox, CampBX, now Tradehill. What's going on? Just when I need the coins, I can't get them. Is there a conspiracy of some kind?

Discuss.

Topic: Coincidence? (Read 1948 times)