Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28735. (Read 26634224 times)

Something to read  

COINING  A NEW PHASE
The decentralised virtual currency Bitcoin could revolutionise finance, says UK life insurance actuary Peter McCrudden

The Actuary Online Edition: http://www.theactuary.com/archive/digital-edition/

Hooray for Morgie! Morganucodon "Morgie" is an early mammalian genus that lived during the Late Triassic. It is our ancestor, a survivor of the meteor strike which likely decimated the dinosaurs and allowed us to take over the planet. Thanks, Morgie!
http://en.wikipedia.org/wiki/Morganucodon
http://www.smithsonianmag.com/science-nature/New_Hall_on_the_Mall.html

Nice little cup and handle forming (or double bottom).

The wall around 600 might be the same as the one around 710 a few days ago, i don't see that one around anymore.

You almost get it. And then you don't. It will preserve the wealth of the individual from the clutches of those who control the presses in fiat currencies.

What ever happened with that? Was that a dump of stolen LTC or really somebody panicked that hard?

How about air superiority? The flying dinosaurs killed and ate all the land-borne dinosaurs. Then, without food, they adapted to eat things birds eat (millet etc). Then the mammals moved into the space vacated by the land-based dinosaurs. By which logic, the flying dinosaurs, a proper food supply having returned, should be re-evolving and attacking us from the skies. Watch out.

LTC on the pump, i bet the guy who sold them @1CNY is mad

To be fair, this is just the flip side of the Gox coins being "removed" from the market. Most people around here made the case that this perception of decreased supply on the exchanges would inevitably cause a bull run. Now we potentially have a reversal of that situation. Will 100% get dumped? Of course not. Could 10% be dumped? That's conceivable -- why not? And 70,000 coins in a market where the vast majority are hoarded is nothing to sneeze at. I'm just playing with hypotheticals here.

nobody should trust that tweet.... its completely suspect.... the guy tweets everything in turkish language for his whole tweet history, then suddenly says that in english, he said something earlier about the 200,000 would be found... but that was after everyone figured it out already on reddit. Its just some dude looking to close his short.

The fuck is going on there? First it's all been stolen by hackers.

The whole world talks about hackers and bitcoins. That it's not safe etc etc.

And now, some "insider" speaks about finding a total of 670K BTC? Is this with or without the additional 200k BTC that has been found earlier on?

I am confused, that shitpile should have just burned. On the othernote. It's great fucking news for the people who lost so much, and I honestly hope that they will see some in return in the near future.

Because there seem to be no news about them after their opening and this reply to the central bank.  How important is the world is anyway? 

Boy. If you are wrong, you're going to look really stupid.

I doubt it.

That note is partly bad news (to some bitcoiners) because the IRS made it clear that all taxes apply to bitcoin transfers like they do to any other property transfer.  (I recall reading claims that payments in bitcoin, being invisible to governments, would be free from taxes.  The governments do not agree, of course.)

It is partly good news (to some bitcoiners) because the IRS recognizes that bitcoins, like cars and stock, are property and have value.  That note should help convince judges and cops who still may see bitcoins as "nothings".  The IRS view implies that stealing bitcoins or obtaining them through fraud are common crimes, that can be investigated by the police and can send people to jail.

That note does not imply, one way or the other, whether bitcoins are "solid" enough to satisfy the Securities and Exchanges Commision.  The US government is certainly much friendlier to bitcoin than most other countries, but even so I doubt that it will allow banks and the like to invest in bitcoin, or bitcoin-based funds to be traded at NYSE, any time soon.

Really, what is money, is what traders say is money.  So a trade consist of selling some good for money, which is the same as buying money and paying with that good. Sales tax is bad, but tax on buying or selling money is just absurd. Still, some governments tax buying gold, as if gold is not money. If gold is money, taxing the trading of it is also absurd.

Therefore, governments will not define bitcoin as money, at least they will defer it till it is obvious to everybody that it is money.

I wonder if the proposition that bitcoin is money, could be confirmed in some international court for human rights, probably not.

Rumor talking about an insider who confirms that Mtgox found a total of 670K BTC that was supposedly lost, I wonder how this will effect the price if it turns out to be true... http://theblogchain.com/news/mtgox-found-bitcoin/

huobi 300 coins away from breaking all down triangle of doom trendlines from the peak...

I think I understand how money works.  I understand in particular that issuing new money transfers real wealth from the society that uses it (not just those individuals who own or use it) to  those who issue it (and "of course" keep some of it for themselves).

That is the reason why there are so many altcoins, by the way: everybody loves the idea of becoming filthy rich without working or having special skills.

And, as I wrote before, that is one of the reasons why I am very pessimistic about bitcoin's future.

It will hardly "perserve wealth".  It will transfer a lot of wealth from some people to other people.  Who will be the winners and who will be the losers depends on whether it will succeed or fail. 

Terrible analogy.  "Civilization" means government, taxes, laws, police, and, yes, banks.  Those inventions are basically good, although they can break down and get corrupted, and we must constantly struggle to try to keep them working as intended.

In contrast, the anarchic pipedream of an unregulated global economy without banks and outside the reach of governments, laws and police is not only impossible to succeed, but would be a barbaric nightmare if it did.  How many MtGOXes will have to pass before bitcoiners understand that?


Dinosaurs did not become extinct, they are called "birds" now.  Considering that dinosaurs can fly faster, better, higher and longer than any mammal, one could argue that they just left the inferior parts of the environment to the inferior life forms. 

It is not clear yet what killed all the other non-flying dinosaurs, and why the ancestors of the mammals (which were smaller than mice, AFAIK) survived.  I am not aware of any evidence that they were more intelligent.  Perhaps it was a multi-year cold spell that killed the non-flying dinosaurs, and the pre-mammals survived only because they had better body temperature regulation (oops, sorry for the dirty word  ) and lived off insects which lived off fungi that lived off the corpses of the dinosaurs.  Or whatever.

Regarding the IRS announcement-

Isn't this the clarification Wall Street needed to really make a legitimate move?

Edit : fuck it i'll start a thread

Shit.. it wants to break out so BAD!

When this dumper is out of coins.. coins will hit the fan. AND BEYOND!

Choo choo.