Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24455. (Read 26713218 times)

Explanation

Found a bearisher scenario than mine (I doubt support at 320$ will be broken soon):
https://www.tradingview.com/v/UH3pISov/

It doesn't matter if you use moving averages or not, we have not had a double bottom because the second dip had far less volume and it should have had more.  $300 is likely to be retested and it may not hold.

I don't personally care either way because I have a pile of coins to sell if it goes up and a pile of cash to trade if it goes down. What I am most afraid of is a slow grind down and a slog through resistance on low volume. If that happens, then the next stop down is ~270.

The people who bough the seized bitcoins in the first auction in July when price was around $650 should double-down.  If they indeed want to cost-average down.

Finland Classifies Bitcoin as VAT-Exempt Financial Service

Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status.

The Finnish Central Board of Taxes (CBT) judged bitcoin to be a financial service in ruling 034/2014, which states that bitcoin purchases qualify as “banking services” under the EU Value Added Tax (VAT) Directive.

The ruling was issued after a court classified bitcoin as a payment instrument and sets Finland’s approach to the cryptocurrency apart from most European jurisdictions, which generally treat bitcoin as a commodity.

However, the Scandinavian nation is not completely alone in taking this approach: Belgium’s Federal Public Service Finance (FPS) issued a similar ruling in September.

Full article: http://www.coindesk.com/finland-classifies-bitcoin-vat-exempt-financial-service/

https://twitter.com/maraoz/status/535066347060080640

Bitpay doing $1million daily

Indeed.

Maybe we get a kind of damped oscillation after the crash, sideways after that?

http://bitcoincharts.com/charts/bitstampUSD#rg60zig6-hourzczsg2014-09-25zeg2014-11-22ztgCzm1g10zm2g45zx

Civil servants are not immune from influence ranging from flattery to bribes. Bureaucrats act in their own perceived best interests just like everybody else does. They are not angels. They are not perfectly impartial. They are human, and when the personal benefits outweigh the personal costs for a given official action, they are likely to take it.

People with faulty ideology are capable of great evil in service to their false gods. They commit that evil with a clear conscience and that's what makes them so dangerous.

The bulls are in full-on spin/damage control mode.  No time to trade.

Almost everyone will disagree with you, but its hard to say anything right now.

Are you suggesting that the total value of seized assets they process has no effect on the number of gold stars on their resume?

Civil asset forfeiture does not need to go directly into the pockets of civil servants to create financial incentives.

total sum of active swaps
USD   0.0796%   0.0678%   24,413,894.06 USD
BTC   0.0066%   0.0286%   7,095.62 BTC


dear bulls,

I would really really like to see usd swaps hitting 30 mil and the price hitting 420 mark.

thank you.

Strongly disagree.

but lets see

I'll answer your question, but not in that thread.

If When Bitcoin fails, Ripple wins. 

stop trying to fool us! the confiscated drug money is used to buy more batteries for their flash lights.

If the price is 1$ but all people use it is a good option for cryptos.
If the price is high and nobody use it... is a bad option for BTC but good for us ($$$)

I think it is a bit different.  The 30'000 BTC June lot was seized property, and the the government is suposed to auction seized property as soon as possible, irrespective of market conditions.  It took so long only because they had to wait for permission by the court, and "soon" in government means "only a few months". 

This 150'000 lot is still disputed property, and Ross has not been convicted yet, so the government must consider what happens if he is cleared and the bitcoins are determined to be his property (as unlikely as they may think).  In that case, Ross could sue the government for the loss he suffered by not being able to sell them.  That would be bad for the career and prestige of the people responsible.  Thus the agreement.

Auctioning "perishable" goods in these circumstances probably has many precedents.  In any case, after the coins are converted to legal tender, with Ross's agreement, the people responsible cannot be blamed if the price goes up again.  They were as considerate as possible given the circumstances.

Civil servants do not get a cut of the money from the auction; that money goes to the Treasury (or to some general fund for the public good).  They are motivated by gold stars in their resumé, that eventually lead to promotions.  Catching and convicting criminals yields gold stars for all involved.  Carrying out a smooth auction of a weird item, with no complaints of bad press,  also yields gold stars.  They do not care if the auction messes the market or gets a lousy price, but they worry about doing something stupid that could stain their resumés -- such as auctioning a bunch of seized game tickets after the game, or auctioning so much stuff at one time that they cannot get enough bidders for it.

Need your opinions, gentlemen:
https://bitcointalksearch.org/topic/if-bitcoin-fails-all-cryptos-fail-865080

It drives the traders nuts that their coins are worth 375. They will do everything they can to take us back to 330. Then they're happy again. Then they're like thank god my coins are worth less now. I can finally relax.