Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31939. (Read 26608341 times)
November 18, 2013, 07:17:01 AM
just join us at bitstamp, 500 is still where we are...
November 18, 2013, 07:11:43 AM
550 tryng to hold... if not.. sub 500 coins???
The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low?
I know. $500 coins are so last week...
November 18, 2013, 07:08:05 AM
From bloomberg:
"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html
As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.
Depends a bit on how industry-killing the regulations are or not. "The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html
As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.
November 18, 2013, 07:07:16 AM
Put your ask at 3600 USD =D http://btctrading.wordpress.com/2013/11/18/long-term-update-next-top-at-3600/
November 18, 2013, 07:05:29 AM
From bloomberg:
"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html
As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.
"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html
As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.
November 18, 2013, 07:01:39 AM
November 18, 2013, 07:01:00 AM
Panelists testified on digital currencies, the online decentralized systems that allow people to exchange goods and services without using real money. One of the more popular digital currencies today is Bitcoin, which will be represented at the hearing by Bitcoin Foundation General Counsel Patrick Murck. Senators will be looking at the impact of digital currencies on everything from tax collection to the enforcement of money laundering laws.
http://c-spanvideo.org/program/Currenci#
I'm getting my popcorn ready for this!
http://c-spanvideo.org/program/Currenci#
I'm getting my popcorn ready for this!
November 18, 2013, 06:49:55 AM
Just like if at 266 ATH april 2013, If I buy now at this ATH and it corrects I'd probably only buy more 
I'm confident with my valuations of btc in the long, and just continue to monitor the weaknesses and threats as they develop related to bitcoin.
I'm confident with my valuations of btc in the long, and just continue to monitor the weaknesses and threats as they develop related to bitcoin.
November 18, 2013, 06:49:47 AM
Since when is bitstamp lower than btc-e? What's going on?
I've heard that fiat deposits on Bitstamp are being processed slowly for some reason, so not enough USD coming in fast enough to catch up with the other exchanges.
Colleague of mine is suppose to be buying on behalf of a small group of people here. He sent funds last week. Apparently still not cleared on bitstamp. Perhaps banking restrictions slowing it down? Doing a gox and no one knows about it?
and....
November 18, 2013, 06:48:34 AM
How do you know ? the crash has not started yet....
It is borderline possible that the "big crash" just started, but even if this is the case, BTC is not going below $250 and it takes no more than 4 months to surpass the old highs.
I just don't see the reason for big players to move just yet. Even I haven't moved or sold a single bitcoin during 200->600, because it is just too difficult to buy back in quantity. At 1500 it will be different, because there is money to be made after it crashes to 500.
By playing only big moves and playing them right, you gain much more than by worrying every 25% change in price.
When Gox was down in 11th April, I personally walked around the town buying goxbux and bought at $62-$90 next day. I think I made hundreds of BTC profit that week. I haven't made any profit since. This is not to underline how good I am. Just that you (collectively) would spend more time thinking and only execute the plan when you have one + the circumstances are right.
All those bitcoins came from the pockets of those whom I try to educate
i'm going to /\flag you bro! LOL~do you have those $700 bitcoins ready for me? wtf!
November 18, 2013, 06:46:59 AM
It's so quiet. Perhaps people have the time to vote! 
What products do you want to see in a new alt-money depository?
What products do you want to see in a new alt-money depository?
November 18, 2013, 06:45:43 AM
I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
We've all been through that. First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up. After I bought, the price fell 30%. The time between the fall and when things picked up again was a little stressful, to say the least.
that´s exactly what happened to me. that was in 2011 in my case.
this way it gets burned deep in your nervous system what a donkey cart banks/fiat transaction are compared to this formula 1 race machine called bitcoin.
November 18, 2013, 06:40:41 AM
November 18, 2013, 06:39:25 AM
I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
We've all been through that. First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up. After I bought, the price fell 30%. The time between the fall and when things picked up again was a little stressful, to say the least.
loved your song. Could you make another?
November 18, 2013, 06:37:05 AM
I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
We've all been through that. First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up. After I bought, the price fell 30%. The time between the fall and when things picked up again was a little stressful, to say the least.
November 18, 2013, 06:36:55 AM
I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
Don't feel bad mate, I'm the same. My funds cleared at $280 and I thought 'no chance, I'll buy when it crashes'
Money hit at 300-320 waited till it hit 340 and said no time like the present with this kind of growth and my overall bullish feelings...the next transfer will not be so small..
Also I wish I bought more at 142.50 cause I did get some lol, I will admit I should've bought twice while waiting for verification...the fee added by localbitcoins would've been justified in full LOL November 18, 2013, 06:32:20 AM
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
http://www.youtube.com/watch?v=Dr64ssOtI_A
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
Can we get much higher? So high
Oh, oh, oh, oh, oh, oh, oh, oh
http://www.youtube.com/watch?v=Dr64ssOtI_A
November 18, 2013, 06:32:00 AM
I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.
Don't feel bad mate, I'm the same. My funds cleared at $280 and I thought 'no chance, I'll buy when it crashes'
November 18, 2013, 06:31:39 AM
Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?
Because the BTC you bought "at the time of use" may be worth $100 more the next day and could buy you a whole lot more?
Try it with numbers and maybe you will understand.
Say you have $1000 and 2 BTC and bitcoin is US$500ea and you want to buy something for 1BTC or $500. Seller's offer is that they will ship sameday express if you use BTC (because they have no risk).
I want to buy this thing and maximize my BTC. I can either spend 1 BTC and buy 2 and end up with 3 BTC and sameday shipping, or spend US$500 and buy 1 BTC and end up with 3 BTC and wait on shipping.
Either way I have 3 BTC but by spending the BTC I get shipping faster, seller has less risk and less fees.
When you spend them, everyone wins, so your worry is silly.
Make sense now?
It does make sense given the condition of an incentive by the supplier to use bitcoin. I'm not convinced sellers would see bitcoin as having "less risk" factoring in price volatility at the moment.
November 18, 2013, 06:28:08 AM
Since when is bitstamp lower than btc-e? What's going on?
I've heard that fiat deposits on Bitstamp are being processed slowly for some reason, so not enough USD coming in fast enough to catch up with the other exchanges.
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