http://www.marketwired.com/press-release/new-bitcoin-ira-offered-by-broad-financial-1865581.htm
go go IRAs
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30607. (Read 26710890 times)
December 31, 2013, 01:32:59 AM
December 31, 2013, 01:12:46 AM
Less than 5 coin traded on stamp in the last 20 minutes! About the same on Gox. This sucks... I'm sitting on a quick short trade.
December 31, 2013, 01:02:26 AM
December 31, 2013, 12:46:40 AM
After reading through that list earlier of all the shady moves that can be pulled by manipulators, isn't it precisely the regulations that make all that shit possible?
The regulating body makes a set of rules, then decides how and when to enforce those rules.
Someone (wisely) said: All human systems will be gamed.
I am not often robbed, but when I am, I prefer for it not to be under color of law.
December 31, 2013, 12:44:20 AM
715 becomes important support now for Gox. Can it hold until January the 6th. Will be interesting to see.
*shake*
outlook not so good
December 31, 2013, 12:26:51 AM
How much of a hike?
The back n' forth here covers it pretty well:
http://www.reddit.com/r/Bitcoin/comments/1tx6u0/in_us_preserve_2013_bitcoin_gains_before_2014/
I'm positive that it is in fact a year late and was either ignorance, or an attempt at FUD. As I believe that is the case, forgive me for even mentioning it in the first place.
December 31, 2013, 12:20:07 AM
Regarding US capital gains changes, I doubt many holders are looking to trade in dramatic fashion tomorrow to avoid the 2014 hike, but I'm not Nostradamus.
How much of a hike?
December 31, 2013, 12:18:47 AM
Regarding US capital gains changes, I doubt many hodlers are looking to trade in dramatic fashion tomorrow to avoid the 2014 hike, but I'm not Nostradamus.
edit: spelling error - holders to hodlers
edit: spelling error - holders to hodlers
December 31, 2013, 12:18:00 AM
715 becomes important support now for Gox. Can it hold until January the 6th. Will be interesting to see.
December 31, 2013, 12:10:06 AM
ok the china deadline is tomorrow
why is the market not reacting?
why is the market not reacting?
Tomorrow? It was the Chinese New Year, not? So, the deadline should be the 30.1.14.
shit
i thought it was tomorrow
There is a different deadline tomorrow: Swiss Banking and USA Foreign Account Disclosure Compliance and taxation.
Swiss banks have a deadline of tomorrow to sign up for compliance. Some are doing so:
http://www.reuters.com/article/2013/12/27/us-tax-switzerland-lombardodier-idUSBRE9BQ03T20131227
Everyone I know pays their taxes, and usually end up overpaying to be conservative... But I imagine there might be some folks in the USA that have used Swiss accounts to hide money. They might want to do something else with that money.
December 31, 2013, 12:04:13 AM
It [fraud] also requires the deception to be practiced "in order to secure unfair or unlawful gain." This second half is one thing that makes it different from a "hoax."
Of course this merely pushes the question back a square: What is unfair?Yes, exactly! The Wikipedia definition requires the arbitror to not only conclude that the deception was deliberate, but that the gain that resulted from it was "unfair." So we are back a square, indeed. If a whale places a 3000 BTC ask wall to scare the small fish into selling, does that qualify as "deception"? A larger whale could eat his wall in a single bite. And even if one concludes that this is deliberate deception, is this also "unfair"? The market participants are playing by the same rules, some of them just happen to hold more capital. Lastly, I'm not even convinced that profitable manipulation is even possible over the long term.
One reason that I'm excited about bitcoin and the power of the blockchain is that I believe it will allow us to write more exact contracts and motivate de-ambiguity or our legal system.
After reading through that list earlier of all the shady moves that can be pulled by manipulators, isn't it precisely the regulations that make all that shit possible?
The regulating body makes a set of rules, then decides how and when to enforce those rules.
Manipulation is a time-honoured tradition of the legacy financial system, and the regulators seem quite accustomed to looking the other way.
I say gloves off, anything goes, let bitcoin regulate itself.
December 30, 2013, 11:51:30 PM
It [fraud] also requires the deception to be practiced "in order to secure unfair or unlawful gain." This second half is one thing that makes it different from a "hoax."
Of course this merely pushes the question back a square: What is unfair?Yes, exactly! The Wikipedia definition requires the arbitror to not only conclude that the deception was deliberate, but that the gain that resulted from it was "unfair." So we are back a square, indeed. If a whale places a 3000 BTC ask wall to scare the small fish into selling, does that qualify as "deception"? A larger whale could eat his wall in a single bite. And even if one concludes that this is deliberate deception, is this also "unfair"? The market participants are playing by the same rules, some of them just happen to hold more capital. Lastly, I'm not even convinced that profitable manipulation is even possible over the long term.
One reason that I'm excited about bitcoin and the power of the blockchain is that I believe it will allow us to write more exact contracts and motivate de-ambiguity or our legal system.
I think this is happening right now. 1100 BTC volume in the last hour and we barely moved.
December 30, 2013, 11:38:25 PM
It [fraud] also requires the deception to be practiced "in order to secure unfair or unlawful gain." This second half is one thing that makes it different from a "hoax."
Of course this merely pushes the question back a square: What is unfair?Yes, exactly! The Wikipedia definition requires the arbitror to not only conclude that the deception was deliberate, but that the gain that resulted from it was "unfair." So we are back a square, indeed. If a whale places a 3000 BTC ask wall to scare the small fish into selling, does that qualify as "deception"? A larger whale could eat his wall in a single bite. And even if one concludes that this is deliberate deception, is this also "unfair"? The market participants are playing by the same rules, some of them just happen to hold more capital. Lastly, I'm not even convinced that profitable manipulation is even possible over the long term.
One reason that I'm excited about bitcoin and the power of the blockchain is that I believe it will allow us to write more exact contracts and motivate de-ambiguity or our legal system.
December 30, 2013, 11:33:27 PM
Look at this guy. He was somehow able to turn an entire 1000 red candle into green. 
December 30, 2013, 11:32:16 PM
Before July, it was very normal for individuals to have 10,000 or so coins.
Some people are under the impression that in 4 months there's been a complete paradigm shift, all the coins have been distributed, and nobody owns coins like that anymore. I think of it more like a well-played hand.
Some people are under the impression that in 4 months there's been a complete paradigm shift, all the coins have been distributed, and nobody owns coins like that anymore. I think of it more like a well-played hand.
December 30, 2013, 11:28:55 PM
600 or so coins dumped. Small potatoes. 
Why does this feel like 1 individual doing this?
December 30, 2013, 11:20:00 PM
600 or so coins dumped. Small potatoes.
December 30, 2013, 11:19:32 PM
Mtgox 500 support wall at $781 was obliterated instantly.
December 30, 2013, 11:16:42 PM
It [fraud] also requires the deception to be practiced "in order to secure unfair or unlawful gain." This second half is one thing that makes it different from a "hoax."
Of course this merely pushes the question back a square: What is unfair?
December 30, 2013, 10:23:48 PM
monetary economics is the only sphere of human activity immune to technological improvement.
That's a bold statement. Never really thought about it that way, but I'm not so sure I agree..
Where is it coming from? Could you explain it?
I would, intuitively and with not enough knowledge, say that technological improvement should somehow positively affect monetary economics. Why not?
Ah. You misread my post. I am summarizing Krugman's latest view - and disagree with it.
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