Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23954. (Read 26720637 times)
December 27, 2014, 09:28:14 AM
Bitcoin is dying?
December 27, 2014, 09:26:17 AM
Good morning, gentlemen.
December 27, 2014, 09:25:57 AM
Le dump
December 27, 2014, 09:25:24 AM
Anyone have an idea why bitcointalk was down?
Is it because of the bitcoinbowl?
Is it because of the bitcoinbowl?
December 27, 2014, 09:24:10 AM
DDOS + dump 
December 27, 2014, 08:26:08 AM
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/
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...
December 27, 2014, 08:20:12 AM
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/
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.
December 27, 2014, 08:00:22 AM
December 27, 2014, 07:47:25 AM
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/
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.
December 27, 2014, 07:13:24 AM
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/
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.
December 27, 2014, 07:00:24 AM
December 27, 2014, 06:58:42 AM
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/
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/
December 27, 2014, 06:45:28 AM
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.
December 27, 2014, 06:43:53 AM
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.
December 27, 2014, 06:05:45 AM
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.
Edit: I see stolfi is now posting in buttcoin. Impartial academic my arse!
December 27, 2014, 06:00:35 AM
What kind of business model dumps large amounts at market?
* Owner needed some money quickly
* Bitcoiners made many purchases through Bitpay when price was 318$; Bitpay sees that price is 327$, sells the coins before it drops back to 318$ and below.
* Private investor bought a bunch off-exchange for 320$; ditto.
Probably many more...
Bills come in at the end of the month/quarter and businesses need money to pay them.
December 27, 2014, 06:00:26 AM
December 27, 2014, 05:46:03 AM
You cannot take this period of time into consideration as its the holidays and people need to sell.There is really no liquidity in the market just now and medium size sales can have large effects on the market.Fact 80% of all mined btc is in wallets not opened in 6 months.
December 27, 2014, 05:44:53 AM
What kind of business model dumps large amounts at market?
* Owner needed some money quickly
* Bitcoiners made many purchases through Bitpay when price was 318$; Bitpay sees that price is 327$, sells the coins before it drops back to 318$ and below.
* Private investor bought a bunch off-exchange for 320$; ditto.
Probably many more...
December 27, 2014, 05:44:47 AM
so 275 is the bottom for you?
if we see a big dumper coming around like the last sub 300, we might even hit sub 250
or 175...if we see a big dumper coming around like the last sub 300, we might even hit sub 250
it'll go as low as the support will allow. But still in the process what I can only hope is new joiners are getting some coins, and not purely for speculative purposes.
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