very healthy bids at stamp, there are over 1000 coins worth USD at 1000 USD, no big single walls, people want to buy cheap coins
/\12OO = I load the boat ~ Wall Street is sleeping!
LOL!!! 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31599. (Read 26731493 times)
December 01, 2013, 05:38:28 AM
/\12OO = I load the boat ~ Wall Street is sleeping!
LOL!!! December 01, 2013, 05:31:02 AM
You can say the same about bitcoins. With a 12 billion dollar market cap it's not very easy anymore for one person to move the price.
And what if I own some Apple stocks trough a hedge fund or something? Should I not be allowed to say publically that I think iPhones are nice phones?
I don't know. Just thinking aloud. It'd probably be limited to anything considered financial advice, not necessarily just positive reporting. And what if I own some Apple stocks trough a hedge fund or something? Should I not be allowed to say publically that I think iPhones are nice phones?
December 01, 2013, 05:24:24 AM
very healthy bids at stamp, there are over 1000 coins worth USD at 1000 USD, no big single walls, people want to buy cheap coins
December 01, 2013, 05:10:07 AM
No because you would see no significant gain from mentioning something positive about Euros.
You can say the same about bitcoins. With a 12 billion dollar market cap it's not very easy anymore for one person to move the price.
And what if I own some Apple stocks trough a hedge fund or something? Should I not be allowed to say publically that I think iPhones are nice phones?
December 01, 2013, 05:03:15 AM
December 01, 2013, 04:59:55 AM
No because you would see no significant gain from mentioning something positive about Euros.
December 01, 2013, 04:58:22 AM
I think all those benefits would be quite marginal, if even recognizable. Consider that people on TV who speak positively of equities of which they have a stake but don't disclose their position can be fined or jailed for that (at least, I believe so).
Yeah but think about what you are implying. You are basically saying that anyone in the media who owns bitcoins can't talk positively about bitcoins (without always mentioning they have some). I think that's absurd. It's like I would have to mention I own euros every time I say something nice about EU.
December 01, 2013, 04:51:32 AM
what about the ones that have bank accounts and promote banks and have money in tax havens. Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.
I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so?Yeah but come on you can make the same accusation for pretty much anything the reporters write about. Maybe they own an iPhone and give nice reviews for them, which basically strengthens the ecosystem and thus benefits the reporters. Or maybe they write a nasty story about democrats because they like republicans better. How about giving US economics positive articles because they live in US and don't want to have a depression? They could also throw dirt at bitcoin simply because their boss tells them to do so, because the boss has an interest to keep bitcoins from spreading. Drawing the lines becomes impossible.
December 01, 2013, 04:49:09 AM
Now why would someone in China decide to drop so much BTC on sunday is another question
To make money off of the poor trading decisions made by others.
How about alot of fiat is coing in this week (no brainer). And their "friends" want to set them up nice, low
and healthy ventilated for the coming week?
December 01, 2013, 04:47:29 AM
what about the ones that have bank accounts and promote banks and have money in tax havens. Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.
I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so?Yeah but come on you can make the same accusation for pretty much anything the reporters write about. Maybe they own an iPhone and give nice reviews for them, which basically strengthens the ecosystem and thus benefits the reporters. Or maybe they write a nasty story about democrats because they like republicans better. How about giving US economics positive articles because they live in US and don't want to have a depression? They could also throw dirt at bitcoin simply because their boss tells them to do so, because the boss has an interest to keep bitcoins from spreading. Drawing the lines becomes quickly impossible.
December 01, 2013, 04:45:23 AM
I'd actually like to know how many writers that published positive BTC news articles actually own BTC and neglect full disclosure. Curious if that would violate some laws due to conflict of interest. You know things might shift when you get the media doing the pumping for ya.
what about the ones that have bank accounts and promote banks and have money in tax havens. Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.
December 01, 2013, 04:38:05 AM
what about the ones that have bank accounts and promote banks and have money in tax havens. Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.
I'm not really sure what you mean, but if you're saying what I think you're saying I don't think that's necessarily a fair analogy. Right now BTC is being traded as a brand new asset class. It's not like anyone in the public eye is actually promoting a generic "bank account" and if they were, how would they possibly gain from doing so? December 01, 2013, 04:35:46 AM
I'd actually like to know how many writers that published positive BTC news articles actually own BTC and neglect full disclosure. Curious if that would violate some laws due to conflict of interest. You know things might shift when you get the media doing the pumping for ya.
what about the ones that have bank accounts and promote banks and have money in tax havens. Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there. December 01, 2013, 04:21:24 AM
I'd actually like to know how many writers that published positive BTC news articles actually own BTC and neglect full disclosure. Curious if that would violate some laws due to conflict of interest. You know things might shift when you get the media doing the pumping for ya.
December 01, 2013, 04:17:41 AM
Most editors are sporting a raging Bitcoin boner right now
Probably due to their positionThat didn't sound right
December 01, 2013, 04:15:56 AM
I believe the kid promised to donate everything beyond 2 BTC to Sean's Outpost, so it's not hard to spin those big transactions as donations.
Ah I see, didn't know that. Definitely softens the story. Will be interesting to see how it plays out nonetheless. I have a feeling it'll be buried in the shuffle of other news or marginalized to tech-related outlets, though.We'll see. Most editors are sporting a raging Bitcoin boner right now, if the number of articles about that "$7.5M hard drive" is any indication. This is probably an even better story: college kid shows QR code on national TV, money gets sent from all over the country, he donates it to charity.
December 01, 2013, 04:10:12 AM
Not sure how valid it is, but if it's true it sounds orchestrated.
It's true that there were some very large donors. But my guess is it went like this: Some whales quickly realized that they could buy huge publicity for bitcoin by sending large amounts to this kid. I do not believe the kid himself was involved in any orchestration.
On the matter now: Any publicity is a good one. So pros for whoever orchestrated this.
I believe the kid promised to donate everything beyond 2 BTC to Sean's Outpost, so it's not hard to spin those big transactions as donations.
Ah I see, didn't know that. Definitely softens the story. Will be interesting to see how it plays out nonetheless. I have a feeling it'll be buried in the shuffle of other news or marginalized to tech-related outlets, though. December 01, 2013, 04:10:09 AM
Not sure how valid it is, but if it's true it sounds orchestrated.
It's true that there were some very large donors. But my guess is it went like this: Some whales quickly realized that they could buy huge publicity for bitcoin by sending large amounts to this kid. I do not believe the kid himself was involved in any orchestration.
I believe the kid promised to donate everything beyond 2 BTC to Sean's Outpost, so it's not hard to spin those big transactions as donations.
Here: http://www.reddit.com/r/Bitcoin/comments/1rs2zf/on_college_gameday_this_morning_new_way_for/cdqjazp
http://www.reddit.com/r/Bitcoin/comments/1rtcql/over_26000_was_donated_to_the_kid_that_held_up/cdqpbpg
December 01, 2013, 04:09:07 AM
Nah I don't think he is either, I just mean someone with some money to spare saw an opportunity to manipulate the media and they capitalized. Not exactly ethical, and if the media does any research (I know, laughable), they might reveal the news as such. That'd play into their "pump & dump" rhetoric quite nicely.
I agree. On one hand, no matter what the motives behind these donations were, the kid did receive a CRAZY amount of money for nothing and that alone is perfect material for a news story.
i should follow the local news van around, and wait for the cameras to start rolling. then i'll run across the screen naked, shouting "i love bitcooooooooin."
December 01, 2013, 04:08:33 AM
Not sure how valid it is, but if it's true it sounds orchestrated.
It's true that there were some very large donors. But my guess is it went like this: Some whales quickly realized that they could buy huge publicity for bitcoin by sending large amounts to this kid. I do not believe the kid himself was involved in any orchestration.
On the matter now: Any publicity is a good one. So pros for whoever orchestrated this.
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