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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30183. (Read 26720206 times)

full member
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full member
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Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Good for them! The people get the government they deserve!

It's not true. Russian government "warns the businesses that getting involved with virtual currencies may be in violation of certain AML laws or something".
legendary
Activity: 2772
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Duelbits.com
While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

They have not banned BTC nor cryptocurrency, their rule is even softer than China's.

They did word it though to make mining illegal there, as the strongest words were that it is illegal to emmision currency on their soil. Everything else is softer than Chinas.

Miners will barely give a fuck about it though selling mining equipment probably won't happen in Russia anymore.
full member
Activity: 208
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I just posted about it few posts above.
Metabank.ru one of the biggest "middle man" already closed..

While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

 Shocked
legendary
Activity: 1120
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Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).

Good for them! The people get the government they deserve!
hero member
Activity: 574
Merit: 501
Please bear with me
While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia. No English language news source yet, but Russian newssites are all abuzz about it: http://bitnovosti.com/2014/01/27/bank-rossii-ozvuchil-poziciyu/

Use Google translate, everything is quite clear. Everything is banned, including mining, exchanges, transfers and payment processing. Each company accepting Bitcoin will be automatically charged with "supporting terrorism".

Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).
legendary
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Duelbits.com
I noticed one lovely pattern. Last 3 crashes and "crashes" happened on a day when I made nice profit trading other crypto stuff so watching the crash or "crash" after making nice gain hours before feels much better and make me much calmer Tongue
full member
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it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  Cheesy

If that would make you feel slightly better, I don't consider myself worst trader ever but I still do such stuff pretty regularly Cheesy

haha I have an amazing track record though.. almost every time I sell in the dips I manage to do it at the lowest point. Should just sit on them but not as fun and expensive. Everyone knows it costs money to have a good time

Try not selling all your coins at once, that's most common mistake.

If you sell small part only and price continue to go down you can sell more on the way down. If it goes up, you won't have too much to buy and lose.

Selling and buying all at once is never good thing.

Alright thanks, I'll try that!
hero member
Activity: 672
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the ones that sold looked more like whales than sheeps.....and they are still selling....

As always a few whales sell and make money buying back at the right time. The other 90% are small fish who lose coins. Because they are always too late.
full member
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Allrite, is that about it ? can I go eat my dinner now ?

Bitdig, I think your news above was already factored-in in the rally that just ended.
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legendary
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Hide your women
dammit, somebody got my cheap coins. You take one morning off...
legendary
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Duelbits.com
the ones that sold looked more like whales than sheeps.....and they are still selling....

Whales sold at top, that's how they became whales  Grin
legendary
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the ones that sold looked more like whales than sheeps.....and they are still selling....
hehe
full member
Activity: 171
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the ones that sold looked more like whales than sheeps.....and they are still selling....
legendary
Activity: 2772
Merit: 1028
Duelbits.com
it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  Cheesy

If that would make you feel slightly better, I don't consider myself worst trader ever but I still do such stuff pretty regularly Cheesy

haha I have an amazing track record though.. almost every time I sell in the dips I manage to do it at the lowest point. Should just sit on them but not as fun and expensive. Everyone knows it costs money to have a good time

Try not selling all your coins at once, that's most common mistake.

If you sell small part only and price continue to go down you can sell more on the way down. If it goes up, you won't have too much to buy and lose.

Selling and buying all at once is never good thing.
full member
Activity: 181
Merit: 100
But maybe they have that proof and are not stupid to do it without it. I don't know guy, so I certainly won't take his corner just like that.

Even if they have the proof, the charges boil down to him buying a piece of vegetation, and maybe trading with people who trade with people who sell pieces of vegetation. It's not a valid reason to put a person into a cage. He's not accused of murder, or theft, or rape. He's accused of trading with the wrong people. Meanwhile, some of the banks are known to have been involved in the same activities, at a larger scale, and all it ended up was a fine (they essentially took some of their bailout money back). The charges are both unjust in and of itself, and biased/disproportional, compared to other such cases.
hero member
Activity: 672
Merit: 500
it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  Cheesy

Like 90% of the sheep that just panic sold. They will never learn.
full member
Activity: 182
Merit: 100
it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775  Cheesy

If that would make you feel slightly better, I don't consider myself worst trader ever but I still do such stuff pretty regularly Cheesy

haha I have an amazing track record though.. almost every time I sell in the dips I manage to do it at the lowest point. Should just sit on them but not as fun and expensive. Everyone knows it costs money to have a good time
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