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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23531. (Read 26713582 times)

hero member
Activity: 748
Merit: 500
I'm sure that it's good that this drop is happening. Drop is caused by large influx of stolen coins (probably from Gox theft) to exchanges. In some way, scammers are returning stolen coins to community. When they are done, community will control those coins and things will be more stable and optimistic, unless some other bitcoin company is hacked, but I'm sure that they got more mature by now.

agree, theft is a big issue in this downtrend and resulting crash. nevertheless i am not so sure about exchanges being safer today. only stamp has implemented multisig for example.

Could it not be also because Gavin warned people to stay away from bitcoin (it's dangerous) and compared it to the dotcom bubble... Just a thought  Roll Eyes

Someone should tell Gavin to limit his public appearances and stick to CIA meetings.
Its a little like Elon Musk saying TSLA is overvalued "market cap is kinda high right now..." lol

Gavin said the true...same like Satoshi did about the Steam, saying it was too early for the integration for such a big network and the same state we are seeing now...we are not even ready for the mainstream yet and people are calling the Bitcoin dead  Wink...i thing drop is caused by the fact, that more people wanted to sell than buy, simple as that  Wink which mean, we were not supposed to be in 1200 price in 2013...we should go there first time this or next year...this is shake out of non believers in cryptocurrencies...nothing fundamental has changed nor the working on the blockchain and btc related projects - quite the opposite...everything is just starting
hero member
Activity: 910
Merit: 1003
Bump for Jorge's attention.

I saw that, yes.  Pretty interesting, thanks for posting.
sr. member
Activity: 373
Merit: 250

The more I talk to people like you the more I love my camel. Wink

BTW: that picture in my profile is a piece of historical art...not that you really know what art or who Etienne dinet is



Such an intent gaze...

He was a tit man that's for sure.



Phwoooooaaaarrr!



We're all so impressed by how cultured you are mmitech, please tell us heathens more about the things that interest you...

legendary
Activity: 876
Merit: 1000
If you love the technology it doesn't matter what the price in USD because the technology is free  Grin

The big problem is 100000 people bought bitcoins off 10000 people and made them super rich  Grin this incentivised 1000000 to buy the coins off them so their coins 2 da mooned.

Many people didn't stop to consider where the next wave was coming from because they're thick as shit and blind greedy! Kama for suing Zuckerberg Winklevosses he's a business genius you're not Grin

Wiklevosses may be good rowers, but their understanding of finance is either very immature or they're knowingly running an highly unethical and possibly illegal scheme with bitcoin.
N12
donator
Activity: 1610
Merit: 1010
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)
Looks like more bad news?

Learn to read: https://twitter.com/AdamGuerbuez/status/555293365567492097

Quote
when the news hits though, you will thank me, that is if you are holding onto a nice stash of BTC currently...
legendary
Activity: 2198
Merit: 1000
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)

Not much of a prediction, heads are already turning, I mean there's not much room left for BTC to fall as it is lol shit at this point I really can't think of much that can make it really any worse.  Smiley 150, 100, 75 does it really matter now?

I'm just waiting for the big difficulty level to drop... got to wait on that one...

EDIT: unless of course he sees something big happening pushing price back up now?   Shocked
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)
Looks like more bad news?

Au contraire, but who knows?

Adam Guerbuez ‏@AdamGuerbuez  5h5 hours ago
@BitcoinRat when the news hits though, you will thank me, that is if you are holding onto a nice stash of BTC currently...
legendary
Activity: 1092
Merit: 1000
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)


yeah we need keep our eye on adam guerbuez. when he talks about bitcoin shiat happens.
legendary
Activity: 1568
Merit: 1002
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)

who is that guy? and has he become the bitcoin prophet? Cheesy

Quote
@BitcoinRat when the news hits though, you will thank me, that is if you are holding onto a nice stash of BTC currently.

looks like bullish news..
legendary
Activity: 1092
Merit: 1000
Blood in the streets.
Is anybody going to buy?
I'm a lot of $ down but would anybody recommend buying now?



yeah. i am evaluating the bear situation with the USGS as prepare to buy. https://twitter.com/USGS/status/555087405451988992
unfortunately i just got back from california and decided i needed this firebird that was used as an undercover by the LA police dept.
so i wont buy very much cuz i dont have liquidity on hand atm. and because of the threat from polar bears that are being ranked.
probably be more time to buy though cuz they still have to get all the illegal mexicans money in the banks w obama's new 'illegal immigrants get ur money in the bank' cards he is about to issue.
the coins i am about to buy will likely be used to start trading with since my mined coins are hoarded in storage. i am evolving from a miner to a trader.
it's hammer time, blood is in the streets, it's time to buy... imo.
hero member
Activity: 588
Merit: 500
What will friday bring. Cheesy
https://twitter.com/AdamGuerbuez/status/555289659958628352
(guy who twitted about stamp problems 24h before stamp went down...)
Looks like more bad news?
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
Bitcoin price now below 200$
on BTER.com (Chinese Based Exchange)
member
Activity: 98
Merit: 10
I'm sure that it's good that this drop is happening. Drop is caused by large influx of stolen coins (probably from Gox theft) to exchanges. In some way, scammers are returning stolen coins to community. When they are done, community will control those coins and things will be more stable and optimistic, unless some other bitcoin company is hacked, but I'm sure that they got more mature by now.

agree, theft is a big issue in this downtrend and resulting crash. nevertheless i am not so sure about exchanges being safer today. only stamp has implemented multisig for example.

Could it not be also because Gavin warned people to stay away from bitcoin (it's dangerous) and compared it to the dotcom bubble... Just a thought  Roll Eyes

Someone should tell Gavin to limit his public appearances and stick to CIA meetings.
Its a little like Elon Musk saying TSLA is overvalued "market cap is kinda high right now..." lol
hero member
Activity: 686
Merit: 500
Ultranode
https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/

Quote
Firstly,some news maybe are not true,it only flows in the weibo or QQ.(what is weibo or QQ,u can see them as facebook or skype,or log on wikipedia)
 
1、Chinese famous finance investor Duan Hongbin(端宏斌) said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V(investor holding many coin or cash)have transfer their eyes onto the a stock or Hongkong stock,especially when the Shanghai-Hongkong Stock Connecting  started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
 
At last: i also want to say WTF Chinese for those bad guys

Some clarification: https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/?p=61839

Quote
enrique11, on 13 Jan 2015 - 9:41 PM, said:
That's the interesting part that I don't understand.  What is going on with xrp in all this. From stephanlau's 2 point above it doesn't sound good:
 
"2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps."
 
This is he weibo
 
http://weibo.com/cha...eibo_s&nick=薛蛮子
 
He didn't say : clear xrp

 Grin Cheesy Cool



Bump for Jorge's attention.
legendary
Activity: 3794
Merit: 5474

So, my guess is that the Chinese government does not care anymore about what happens on the exchanges, because it is no different than what was happening before bitcoin, with the speculation in those commodities.

The PBoC does not care any more, because bitcoin trading is confined to the exchanges, and cannot interfere with the role of the yuan in e-commece and with the banking and financial sectors -- which is what they care about.  Some other parts of the government were concerned with criminal use of bitcoin, but the exchanges got scared into fully cooperating with the police through AML/KYC.  I believe that they also got a scolding from some other sector of the government about their attempts to market bitcoin to the masses, so they pulled back on that too -- no more sponsoring of bitcoin conferences, and no more open houses featuring the Bitcoin Goddess.

In short, the Chinese government must now be worried about the fairness of bitcoin exchanges to the same degree that they worry about the fairness of the casino tables in Macau.  That is, not at all.

I'm quoting you on this Jorge, and I'm going to completely throw it in your face in the future during the next bubble when the Chinese Govt and the PBoC starts up again with more threats of banning and other such nonsense.  They only care about popping supposed bubbles in their crap shadow Ponzi economy, that is all.
hero member
Activity: 714
Merit: 502
If you love the technology it doesn't matter what the price in USD because the technology is free  Grin

The big problem is 100000 people bought bitcoins off 10000 people and made them super rich  Grin this incentivised 1000000 to buy the coins off them so their coins 2 da mooned.

Many people didn't stop to consider where the next wave was coming from because they're thick as shit and blind greedy! Kama for suing Zuckerberg Winklevosses he's a business genius you're not Grin
hero member
Activity: 910
Merit: 1003
The one silver lining to this disaster is the the USG ain't gonna get shit for their silk road coins.

And the irony is that they sold only 50'000 of the 145'000 coins in the last auction because they did not want to disturb the market too much.
legendary
Activity: 2338
Merit: 1035
Woke up not too long ago and just wiped the vomit off my mouth........

I did too when I woke up
Atleast I slept while we touched $150 but I suspect we will be going down again in a couple days
hero member
Activity: 910
Merit: 1003
BTW anyone else suspecting the Chinese exchanges to be almost completely fake? There was just dump, flatline, dump, flatline. The volume was also completely ludicrous.
PBOC should have shut them down a long time ago.

Since the Nov/2013 bubble I saw only two articles where the reporter actually bothered to find out who were the Chinese who created it by buying all those coins.  Not in the bitcoin media, of course. (The most informative one was in the Christian Science Monitor, of all places.)  

The Chinese who have been setting the price of bitcoin were day-trading funny commodities before, as a form of gambling.  They just moved to a new asset that was a lot more volatile, and did not have complicating isssues like quality grades, location, shelf time, etc. (all hail to 'fungibility').

So, my guess is that the Chinese government does not care anymore about what happens on the exchanges, because it is no different than what was happening before bitcoin, with the speculation in those commodities.

The PBoC does not care any more, because bitcoin trading is confined to the exchanges, and cannot interfere with the role of the yuan in e-commece and with the banking and financial sectors -- which is what they care about.  Some other parts of the government were concerned with criminal use of bitcoin, but the exchanges got scared into fully cooperating with the police through AML/KYC.  I believe that they also got a scolding from some other sector of the government about their attempts to market bitcoin to the masses, so they pulled back on that too -- no more sponsoring of bitcoin conferences, and no more open houses featuring the Bitcoin Goddess.

In short, the Chinese government must now be worried about the fairness of bitcoin exchanges to the same degree that they worry about the fairness of the casino tables in Macau.  That is, not at all.
hero member
Activity: 545
Merit: 500
I'm sure that it's good that this drop is happening. Drop is caused by large influx of stolen coins (probably from Gox theft) to exchanges. In some way, scammers are returning stolen coins to community. When they are done, community will control those coins and things will be more stable and optimistic, unless some other bitcoin company is hacked, but I'm sure that they got more mature by now.

agree, theft is a big issue in this downtrend and resulting crash. nevertheless i am not so sure about exchanges being safer today. only stamp has implemented multisig for example.

Could it not be also because Gavin warned people to stay away from bitcoin (it's dangerous) and compared it to the dotcom bubble... Just a thought  Roll Eyes
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