The EBA report is of almost no consequence right now. Banks don't hold or sell bitcoins and why would we want them to?
Newsflash: using bitcoins does not require banks! You only need a bank for your fiat money and the EBA report says very clearly that banks should not be disuaded from offering fiat current accounts to Bitcoin businesses.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26939. (Read 26719591 times)
July 04, 2014, 10:57:51 AM
July 04, 2014, 10:44:18 AM
and a reply from the Bitcoin Foundation.
https://bitcoinfoundation.org/2014/07/04/will-europe-listen-to-europe/
Quote
And that raises a meta-issue lurking behind the EBA report: It was written over many months, of course, but it arrives in the wake of an EU election that signaled a rejection of Brussels’ “bureaucratic overreach,” as the New York Times put it last week.
This raises an important question: Will Europe—that is, the EU member states and their people—listen to this report from “Europe”—the EU bureaucracy? Or will they continue to work in a decentralized fashion on getting the benefits of Bitcoin while controlling the risks?
This raises an important question: Will Europe—that is, the EU member states and their people—listen to this report from “Europe”—the EU bureaucracy? Or will they continue to work in a decentralized fashion on getting the benefits of Bitcoin while controlling the risks?
https://bitcoinfoundation.org/2014/07/04/will-europe-listen-to-europe/
July 04, 2014, 10:40:33 AM
link to the EBA paper to read yourself (have not found that in this thread):
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf
July 04, 2014, 10:32:33 AM
Unfortunately i think we are in small bulltrap now, the 30min-2h macd appear to be recovering, but i expect them to be denied with a fat red dildo, seen it too many times :/
July 04, 2014, 10:32:19 AM
Bye Bye Institutional Money
http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
Will SEC follow EBA and reject Winkle's ETF
http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
Will SEC follow EBA and reject Winkle's ETF
no, the US is much more open-minded when it comes to innovation and new opportunities than europe
Yeah, right....
Is this a joke?erm....no. the US is two,three steps ahead to europe when it comes to legalisation, regulation and law.
July 04, 2014, 10:26:44 AM
yeah sick of it too....feel played
Searing
Price is up 40% in 45 days. What's not to like?
well maybe I'm nit picking but man that was 4 days of really really good news imho ..kinda stayed flat after it all settled out
newegg taking bitcoin and the guy winning auction to promote bitcoin to promote currency in 3rd world did not budge the market at all
the bank announcement by EU on the other hand down she goes
even thou it is not a lot and not that big a deal..it just has the same effect when i see such stuff as fingernails on a chalk board
so yeah I'm nit picking but still would like to see a bit more even handed ness in the news then eh ..bitcoin is OK to the first little
post of doubt the press and the newbies then shout (the press to sell content) PROOF it is gonna go boom and we have to say that
every time just in case we are right....press sees it does not go boom they ignore us like paris hilton would ignore me laying on the highway
hit by a car
grrrr....(maybe I'm taking this all to hard...need ice cream..yeah thats the ticket hard to be cynical about ice cream...DAMN IT no ice cream....crap)
Searing
July 04, 2014, 10:25:56 AM
Bye Bye Institutional Money
http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
Will SEC follow EBA and reject Winkle's ETF
http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/
Will SEC follow EBA and reject Winkle's ETF
no, the US is much more open-minded when it comes to innovation and new opportunities than europe
Yeah, right....
Is this a joke? 
July 04, 2014, 10:23:29 AM
bear logic: I'm going to sell now and buy back when the EU has some clear rules for banks buying massive amounts of bitcoins.
Loser logic.
July 04, 2014, 10:23:15 AM
yeah sick of it too....feel played
Searing
Price is up 40% in 45 days. What's not to like?
well maybe I'm nit picking but man that was 4 days of really really good news imho ..kinda stayed flat after it all settled out
newegg taking bitcoin and the guy winning auction to promote bitcoin to promote currency in 3rd world did not budge the market at all
the bank announcement by EU on the other hand down she goes
even thou it is not a lot and not that big a deal..it just has the same effect when i see such stuff as fingernails on a chalk board
so yeah I'm nit picking but still would like to see a bit more even handed ness in the news then eh ..bitcoin is OK to the first little
post of doubt the press and the newbies then shout (the press to sell content) PROOF it is gonna go boom and we have to say that
every time just in case we are right....press sees it does not go boom they ignore us like paris hilton would ignore me laying on the highway
hit by a car
grrrr....(maybe I'm taking this all to hard...need ice cream..yeah thats the ticket hard to be cynical about ice cream...DAMN IT no ice cream....crap)
Searing
July 04, 2014, 10:23:10 AM
bear logic: I'm going to sell now and buy back when the EU has some clear rules for banks buying massive amounts of bitcoins.
bull logic: I am going to buy as much as I can
Next month we will hit $800 with no problem! 
July 04, 2014, 10:21:55 AM
bear logic: I'm going to sell now and buy back when the EU has some clear rules for banks buying massive amounts of bitcoins.
July 04, 2014, 10:20:00 AM
My bids were filled. Thanks panic sellers!
Hehe
Good job man I am so sad that I cannot place any bids but indeed panic sellers are doing great job for those who can buy some more.
July 04, 2014, 10:15:55 AM
My bids were filled. Thanks panic sellers!
July 04, 2014, 10:11:21 AM
This is not the first time that EBA is signaling a "Warning" about Virtual Currencies: https://www.eba.europa.eu/-/eba-warns-consumers-on-virtual-currencies
The first one was on Dec 2013. Those chaps are the ones that make the rules whether to draw money out of thin air to cover their asses after their "Derivatives" reached their margin call point. Simple as that. Yes they fear of bitcoin, because their business goes down the drain if this becomes huge.
I'd give it a couple of weeks before this takes off. The news today should only be focused on a single subject:
http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html
July 2 (bloomberg) -- Bitcoin Shop CEO Charles Allen and Bloomberg's Eric Balchunas discuss Cameron and Tyler Winklevoss’s proposed bitcoin exchange-traded fund with Trish Regan on "Street Smart." (Source: Bloomberg)
CCMF!!!1
The first one was on Dec 2013. Those chaps are the ones that make the rules whether to draw money out of thin air to cover their asses after their "Derivatives" reached their margin call point. Simple as that. Yes they fear of bitcoin, because their business goes down the drain if this becomes huge.
I'd give it a couple of weeks before this takes off. The news today should only be focused on a single subject:
http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html
July 2 (bloomberg) -- Bitcoin Shop CEO Charles Allen and Bloomberg's Eric Balchunas discuss Cameron and Tyler Winklevoss’s proposed bitcoin exchange-traded fund with Trish Regan on "Street Smart." (Source: Bloomberg)
CCMF!!!1
July 04, 2014, 10:11:17 AM
yeah sick of it too....feel played
Searing
Price is up 40% in 45 days. What's not to like?
July 04, 2014, 10:06:06 AM
Banks shunning bitcoin means fiat stuck on exchanges, which in turn means the only way out is to buy. Once again, bull market for all the wrong reasons.
July 04, 2014, 10:06:02 AM
There is no reason for a dump at all -- the news has been wonderful. And yet I have this sick feeling that we are going to have some dramatic movement like a flash crash or some other bull----
I'm still expecting quite a crash as well. People are waiting to go up which isn't happening. Sooner or later they will start selling instead. Then they will panic and think this is as high as we will go and dump it all.
It would suck so bad if we're going to 600 or mid 500's again
As i said before all this good news and nothing happens. Even the media is very positive. Unless Amazon accepts Bitcoin tomorrow it really can't get much better atm. Everything is there to go up. Yet we go down instead. It really looks very bad. Give me a good reason why this suddenly would change? Why would everybody start buying instead?
Next week will be boring. No auction, no big new companies, nothing. If we already go down this week then next week won't be pretty. And when that happens i'm almost sure some fresh new FUD will appear out of nowhere to make sure we crash hard.
The good news will have an effect in a month - now the USD on the exchanges is spent - no more up movements and people want to lock in their profits from the recent rally. It's always the same.
Besides Coinbase: Supposedly, Circle is going to be offering invitations in August, too.... for some of those people who requested....
July 04, 2014, 10:04:57 AM
Risk phamplet from UA. Note last one:
E31 Should VC's gain widespread acceptance, central bank as issuer of FC can no longer steer the economy, as the impact of its monetary measures become difficult to predict.
E31 Should VC's gain widespread acceptance, central bank as issuer of FC can no longer steer the economy, as the impact of its monetary measures become difficult to predict.
A41 made me chuckle:
User suffers loss as a result of VC prices being manipulated
July 04, 2014, 10:03:12 AM
Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
[tinfoil]Someone has trained the market using pavlovian conditioning so that they and their rich buddies can fleece it. Once regular folks fear owning bitcoins they will take the market magnitudes higher. The zombies will wake up, rush in all at once in an attempt to catch up, and make the rich even richer.[/tinfoil]
yep 4 items of good news this week nothing moves
1) guy that one the auction is gonna use it in 3rd world nations to promote bitcoin in countries with weak currency
2) the facebook twins move farther along with ETF on NASDAQ with the symbol (coin)
3) newegg.com takes bitcoin
4) US Marshal's office shows legit bitcoin worth with a sale of 30000 bitcoin at around 19 million dollars
the market just sits and does zip neither rises nor falls
1) EU banker memo on that banks should avoid bitcoin till more regulations
blamo...drops
( we should really pay a consortium of teenagers in China to blog rumors like 'China is gonna stop fiat xfer to all asic manufactuers in China" we could play the market like a yo/yo
yeah sick of it too....feel played
Searing
July 04, 2014, 10:00:32 AM
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