Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28935. (Read 26609927 times)

News on Gox 180 kBTC: http://www.reddit.com/r/Bitcoin/comments/1zwpic/180k_btc_update_not_good/

First BTC originated from the 180k kBTC arrived at destination and now in mixing process. See this address: 15kHtw93J7Ua1tfwGqqG7YdckxcATgEMwr

http://techcrunch.com/2014/03/08/googles-jared-cohen-its-obvious-bitcoin-like-currencies-are-inevitable/

Google now jumping in. Already seeing a rise but not sure if Cohen's statement is why.

But maybe.

Ironically part of the reason exchanges are unreliable is because banks aren't very inviting towards businesses involved in Bitcoin.

Unlikely they're buying anything right now.  The total dollar value in play on the exchanges is so small any activity on their part would change the market. 
It's the same reason big investment blocks don't play with penny stocks.  There just isn't money to made on the scale a bank would be interested in

Add to that the fact that the exchanges at this point are unreliable. Banks aren't about to put money into something they can't easily get it back out of.

I count 7 so far. 

The ignore button was invented because of people like him.

I bought a little at $607 - hoping that we are NOT going any lower....  As I type, we continue to float in that price territory....  Yet if we do go lower, then I suppose my next buy price will be around $570-ish or lower.. depending upon how long it takes to get to that price, if at all.   I do tend to think that we have a hard time shooting to the moon with this potential damning news regarding the bitcoin foundation hanging over our heads to be released some time on Monday.

Why the crash this morning? Simply a correction?

It looks like we also have blockchain evidence that a large sum of old coins was just moved:

https://blockchain.info/charts/bitcoin-days-destroyed-min-year

(I think people tend to over react to large bitcoin-days-destroyed events, however.)

I have a small collection of animation cels and if I recall correctly I have a Speed Buggy one stashed away. I believe I picked that up at the same time as my Jabberjaw cel. Good stuff!

*applause*
You should go into writing, if you don't do it already.

Slightly less obnoxious (still salesman after all), but if you don't watch out, they 'll make a meal out of you, and not figuratively speaking  .

Everything must go! Got bad credit? NO PROBLEM! Got NO credit? NO PROBLEM!

My speculation on Bitcoin's origin is that Nick Szabo is merely a mouthpiece for the true genius living chained in shame within the walls of his parent's attic. By combing hospital records I've determined Nick likely has an otherwise unknown older brother, inbred, and grotesquely malformed. Though the sad creature is a horror to behold it is all the more brilliant.

Scandalous guilt drove the family to imprison it at birth, to keep it hid away from the world. Little did they know its financial acumen could not be denied.

The family barely tended to its secret humiliation. Supplied with the barest of essentials (plus an occasional odd math book or two which Nick rummaged from a nearby abandoned schoolhouse), it never learned to speak, only muttering husky grunts.  Nick thought the monster knew only gibberish until 18 years had passed. Nick, now living on his own yet visiting infrequently, desperate to communicate with his sibling as an adult, supplied a fresh box of 120-color Crayolas to the man-beast on an early Sunday morning.

From one incongruous eye flashed a glint of light. The creature mewled in delight. Freakish paws grabbed at the box of crayons.

Code poured from its wretched hands with feverish fluidity. The Thing That Shant Be Named growled and snarled as it bore down wax stick to wood floor. Paper tore from the crayons as it scrawled. Magenta, thistle then periwinkle. Plum, shamrock, then apricot. The air was heavy as of burnt candle.

Nick, not entirely sure what the scribblings meant, still understood on some preternatural level he must share it. But what to do? He could not risk the family's abasement, for afterall, even worse than his brother's hideous visage and inbred nature was the fact the creature lived with its mother and liked model trains. The family would be ruined.

Szabo knew the answer almost immediately. It must be shared anonymously with the world. The rest, folks, is financial history.

Like I said, they are just waiting for that green light from US regulators, hopefully they don't fuck it up!(which I could see happening with todays politicians) Every single election in the US has the same thing for number 1 priority. The economy and jobs. Its just a matter of time before someone comes out and says "hey how about we take the lead on the Bitcoin movement," and boom you just entered a golden age of jobs. I'm actually surprised these so called leaders haven't seen the light on this movement yet, it's an economic stimulus package like no other.

Rather unlikely that it will break through all the support at $600?

If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need.

...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that).

You are joking right? Banks follow the money, I would say a worldwide currency with 100s of thousands of users would maybe be some sort of incentive to get involved.

There is a "special page" on coinsight regarding Mtgox BTC transactions with some note : "Mt.Gox reports at least the following types of transactions through this API: withdrawals, dust sweeping, big output splitting. Some transactions have been spotted on this API recently with multiple successful block confirmations, which could just be a result of Mt.Gox wallet software not seeing the confirmations or could be new undocumented API behavior." :

http://coinsight.org/mtgox/largest

What supports this theory? What do the banks gain buy getting into BTC?

Yes they could but lets be honest, without reasonable regulations from the US markets they are not going to do anything. They are not the type to dump millions of dollars without at least some sort of guidelines from the biggest market in the world.