Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31149. (Read 26484406 times)
December 05, 2013, 07:59:52 AM
I see, sorry for accusing you of bearishness. You can never be too careful
December 05, 2013, 07:58:32 AM
Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the Southeast Asian country.
According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.
Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.
Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.
"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.
Please ignore this. This is news from July. nocturnal is trying to cause a further crash by posting to the BitcoinTalk forum, which in itself is hilarious.According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.
Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.
Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.
"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.
http://www.cnbc.com/id/100923551
lol i didnt knew this news was from july. I just read it from Turkish forum , but thanks for warning , gonna post your link there.
BTW I am not trying to speculate btc.. lol
December 05, 2013, 07:58:03 AM
Bitcoin is a distributed timestamping and script processing engine.
Currency and payment processing is just the first program that we've decided to run on it.
Currency and payment processing is just the first program that we've decided to run on it.
QFT
December 05, 2013, 07:57:37 AM
Continued disruption by a disruptive technology. Hmmm, the sky is falling. Nice consolidation though! 
December 05, 2013, 07:56:48 AM
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.
But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.
December 05, 2013, 07:55:28 AM
Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the Southeast Asian country.
According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.
Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.
Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.
"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.
Please ignore this. This is news from July. nocturnal is trying to cause a further crash by posting to the BitcoinTalk forum, which in itself is hilarious.According to Bitcoin Co., a Bangkok-based website that trades the digital currency, it had been in the process of registering with governmental agencies but the application was turned down and the currency has now been made illegal.
Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.
Thailand's central bank initially bypassed the Bitcoin Co.'s money exchange license on the basis that bitcoin was not a currency, the exchange said. It was given the opportunity to present the merits of the currency to the central bank on Monday but was given news of the move to outlaw it shortly afterwards.
"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets, the following bitcoin activities are illegal in Thailand," a statement on Bitcoin Co.'s website said on Monday.
http://www.cnbc.com/id/100923551
December 05, 2013, 07:52:14 AM
wrong news sorry
December 05, 2013, 07:52:05 AM
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
I think as a permabear he is hinting the selling is not over (the price is > 0)
December 05, 2013, 07:51:41 AM
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.
December 05, 2013, 07:50:50 AM
Waking up , seeing 9** , people panicking , nothing new..
Going to have a coffee now and a beer in the afternoon when it hits 1000 again.
Going to have a coffee now and a beer in the afternoon when it hits 1000 again.
December 05, 2013, 07:49:43 AM
It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.
damn i woke to the sound of dumps. and missed it still shitttttttt
i would've been able to sell if I woke up an hr ago I caught it @ virtex, but it was a bit nerve wracking with the delays and glitchy performance. I got all safely back in, price came back up, and then my latest deposit cleared LOL.
The one night I don't set price alarms for sub 1100 or 1000..
December 05, 2013, 07:49:25 AM
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
December 05, 2013, 07:48:07 AM
Guys if we don't go down to $500 or even lower, the Xmass will be greeeeen as never before.
There you have it folks... Mark It!this is actually all bullish. media alert with buzz words "china/bitcoin/ban" instant flashcrash - but still hoovering around 1000 $. if we are still in this area in 24 hours bitcoin will come out superstrong.
compared to past crashes, we should be around 450 now.
Id agree with that......and at least we know the party is not going to be in Beijing!!
December 05, 2013, 07:48:00 AM
Am I the only one that feels like BTCChina exists primarily as a vehicle to surreptitiously get money *out* of China? I feel like that's the elephant in the room. Let's see, can't get over 50K out, but, no problem with these BitThings, nothing to see here...
The problem lies with, what Chinese bank will want to be associated with a BTC exchange after that announcement?
December 05, 2013, 07:47:19 AM
It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.
I was filled at 919 USD on this last down leg with no problem. The trick is not to use market order.
December 05, 2013, 07:46:33 AM
Am I the only one that feels like BTCChina exists primarily as a vehicle to surreptitiously get money *out* of China? I feel like that's the elephant in the room. Let's see, can't get over 50K out, but, no problem with these BitThings, nothing to see here...
December 05, 2013, 07:45:24 AM
It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.
damn i woke to the sound of dumps. and missed it still shitttttttt
i would've been able to sell if I woke up an hr ago I caught it @ virtex, but it was a bit nerve wracking with the delays and glitchy performance. I got all safely back in, price came back up, and then my latest deposit cleared LOL.
December 05, 2013, 07:45:16 AM
This is just getting started guys, stop suffering from myopia.
December 05, 2013, 07:45:08 AM
It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.
I was filled at 919 USD on this last down leg with no problem. The trick is not to use market order.
December 05, 2013, 07:44:24 AM
Guys if we don't go down to $500 or even lower, the Xmass will be greeeeen as never before.
There you have it folks... Mark It!this is actually all bullish. media alert with buzz words "china/bitcoin/ban" instant flashcrash - but still hoovering around 1000 $. if we are still in this area in 24 hours bitcoin will come out superstrong.
compared to past crashes, we should be around 450 now.
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