Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28835. (Read 26634232 times)

oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today and I am not selling yet, $100 till the end of this year seems very possible


http://www.mmitech.info/?p=63

We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish....

It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  

Looks like that 2k dip was a try to force panic sell but it ain't work ^^

We will see, as I stupidly bought at 685 I have to hodl through this.

It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.

Never thought ltc could go up to 0.03 btc. And I still can't imagine it ll go up to 0.04 but only because I missed the ltc train

Treasury's Cohen Warns Unregistered Bitcoin Exchanges
Says Government's Approach Focuses on Fostering Innovation, Transparency
By MICHAEL J. CASEY
March 18, 2014 9:26 a.m. ET

The Treasury Department will come after the many digital currency exchanges and administrators that haven't registered with the Financial Crimes Enforcement Network, the Department's top official for terrorism and financial intelligence said Tuesday.

However, David S. Cohen, Treasury Under Secretary for Terrorism and Financial Intelligence, stressed that the U.S. government's approach to regulating digital currencies such as bitcoin is driven by a desire to foster innovation and transparency in an industry that has significant potential.

We "know there are many virtual currency exchangers and administrators that have not registered with FinCEN and are not fulfilling their recordkeeping and reporting requirements," Mr. Cohen said, speaking at an event at Bloomberg News in New York. "Those that do not comply with these rules should understand that their actions will have consequences."

He said Treasury's approach to enforcing and devising rules for digital currency use "is rooted in two guiding principles: fostering innovation and ensuring transparency." He described this stance as "more measured and, I would submit, more sensible" than those of countries such as Russia, which sought to ban digital currencies outright.

"We place real value on the benefits of financial innovation," Mr. Cohen said. "Advancements in technology that allow entrepreneurs and businesses to innovate, grow and hire are crucial to our country's long-term economic success."

But he added, "we have a critical responsibility to protect the U.S. economy from illicit finance threats," which he cited as real concern with virtual currencies, one that threatened their long-term viability.

Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector.

He also said that the Treasury will include a representative from the digital currency sector to sit on its Bank Secrecy Act Advisory Board.

Possible and horrible scenario   

If I understand correctly, three hours from now Huobi will open LTC trading.  Their clients may be assuming that LTC will go up after that, so they are switching to Yuan now in order to buy LTC as cheaply as possible.

Looks like that 2k dip was a try to force panic sell but it ain't work ^^