Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29931. (Read 26664518 times)

Bitcoin sinks 10 USD in 5 minutes. not a good sign 

I was inclined to think the Russia scare was FUD.  Watching BTC-e now I'm not so sure.  A lot of pressure there.

Monitoring the situation of handling the so-called virtual currencies (kriptovalyut) shows a growing interest to them, including the purpose of legalization (laundering) of proceeds from crime.
In this regard, the General Prosecutor of the Russian Federation, chaired by Chief of the supervision of the execution of federal law Anatoly Palamarchuk expert group meeting held at the Interagency Working Group on combating crimes in the sphere of the economy devoted to the use of the territory of the Russian anonymous payment systems and kriptovalyut.
The work of this group was attended by Deputy Chairman of the Central Bank of Russia Dmitry Skobelkin, heads of relevant departments of the Bank of Russia, as well as officials of the Russian FSB and the Russian Interior Ministry, central staff of the General Prosecutor of Russia.
In accordance with Art. 27 of the Federal Law "On the Central Bank of the Russian Federation", "the official currency (currency) of the Russian Federation is the ruble. Introduction on the territory of Russia and other monetary units issue money substitutes is prohibited. " Certain distribution received anonymous payment systems and kriptovalyuty, including the most famous of them - Bitcoin are money substitutes and can not be used by individuals and legal entities.
Moreover, the distinguishing feature Bitcoin as a virtual mutual funds for accumulation and lack of security is a real value. Its price is determined solely by speculative actions that entails a high risk of loss of value and as a consequence, the violation of the right to keep its citizens and organizations.
Please keep in mind that the owners kriptovalyut today denied in Russia and other states ability to protect its interests in court or administrative order.
Following the meeting, outlining specific joint actions of the Bank of Russia and law enforcement to prevent possible violations in the sphere of money circulation in Russia, a number of specific solutions aimed at preventing violations of property rights of citizens and organizations associated with the use kriptovalyut. Taking into account international experience identified further areas of work on the legal regulation of this sector.
Development of the situation and the implementation of the above activities will be discussed at the next meeting of the expert group.

I was inclined to think the Russia scare was FUD.  Watching BTC-e now I'm not so sure.  A lot of pressure there.

 
Watch 3 hour video...
Bitcoin is 715 USD  
WTF?

Well this is moving much faster than I expected...

I'm curious as to which mining equipment purchase put you under water on your mining operation?

Even the most expensive miner I have ever purchased - a Jupiter for 70 bitcoins, I walk past it every day as a reminder of my "$70,000" mistake, even though it's getting close to breaking even -  even that was not such a bad deal to turn me off of bitcoin mining...

I'm just curious to hear what might have been the straw to break the back of your mining operation, in the hopes that I can avoid a similar fate. Also curious as to what equipment you have on order.

thanks