Shopify is effectively acting as an exchange. Are they FINCEN compliant? If not, only a matter of time before they get shut down.
*edit*
and bitpay was also acting as an exchange, which is probably related to their recent shutting down.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32148. (Read 26644224 times)
November 09, 2013, 10:13:31 AM
November 09, 2013, 10:07:34 AM
I wonder if this has anything to do with the resilience in price over the past 24hs.
https://twitter.com/maxkeiser/status/399173865026224128
Quote
Max Keiser @maxkeiser
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
https://twitter.com/maxkeiser/status/399173865026224128
If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.
I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/
November 09, 2013, 10:03:40 AM
Fear is what is driving this rally. It's not about utility or long term use, but purely fear of missing the boat. "Last chance to get in and get rich". "Last chance to own a Bitcoin." I do believe we're going to break $1000 on this fear and maybe more. The fall however, is going to be something else all together.
The good news is, no one need sell when it dips....because of the below events.
Bitcoin value doubled in 3 months
19 times in a row
19 times in a row
It is a nonsense.
a) 2^19 = 524 288
b) $266 / 524 288 = $ 0,000507354736328125
November 09, 2013, 10:03:05 AM
Price will continue to rise until some of the big holders of coins have decided that this is my price and I should sell. I think there is still alot of coins in a few hands and not enough to go around for everyone else.
November 09, 2013, 10:01:57 AM
November 09, 2013, 10:01:23 AM
One big risk is big bubble burst followed by Chinese government involvement. They don't like civil and financial unrest.
November 09, 2013, 09:56:34 AM
+1 so spot on
Let's not forget that back in April there was only ONE significant exchange out there... Now many exchanges are moving similar or greater amounts of BTC/fiat and that's why one cannot "manipulate" the market anymore. As posted by gandhibt, there are not so many players with 100K of BTC handy nowadays. Now even a user with 3K is considered *significant* player... And this is gonna look much worse in the near future as more people getting involved... 
November 09, 2013, 09:55:02 AM
Bitcoin value doubled in 3 months
19 times in a row
19 times in a row
It is a nonsense.
a) 2^19 = 524 288
b) $266 / 524 288 = $ 0,000507354736328125
19*3 = 57 months. 57 months ago was January 2009.
$400 / 2^19 = $0.001 which was the electricity cost to mine them back then.
November 09, 2013, 09:54:43 AM
I remembered the first barrier, it is called USD 266 on April 2013.
The second wave may be about the infamous debt. I think at the December, if there are more bad news, more mature services introduced, the price will be stabilized at USD $450 per BTC on December 2013.
The second wave may be about the infamous debt. I think at the December, if there are more bad news, more mature services introduced, the price will be stabilized at USD $450 per BTC on December 2013.
November 09, 2013, 09:54:09 AM
Politicians will soon be able to accept Bitcoin for their campaigns. BUY BUY BUY
http://motherboard.vice.com/blog/politiciansnow-accepting-bitcoin
http://saos.nictusa.com/aodocs/201315.pdf
http://motherboard.vice.com/blog/politiciansnow-accepting-bitcoin
http://saos.nictusa.com/aodocs/201315.pdf
Genius! nothing gets political backing faster then "donations"
November 09, 2013, 09:49:42 AM
We might see a lot of more well-funded start ups begin jumping into the Bitcoin space soon. The incentives increase with the market cap.
Naval @3:10, says ~$3-5B market cap range:
http://www.youtube.com/watch?v=Jl-HZWfxUFw
We're sitting over $4B at Stamp rates now. Passed $3B a while ago as well (sat around ~$2B for quite a while).
Naval @3:10, says ~$3-5B market cap range:
http://www.youtube.com/watch?v=Jl-HZWfxUFw
We're sitting over $4B at Stamp rates now. Passed $3B a while ago as well (sat around ~$2B for quite a while).
November 09, 2013, 09:49:08 AM
We will see xbt hit 500 before it does a correction, if at all with those crazy Chinese...
November 09, 2013, 09:45:48 AM
November 09, 2013, 09:45:01 AM
Code:
Market Last Volume (24h) Bid Ask High Low
btcnCNY 2506.1000 92,470.89 2510.00 2518.00 2630.00 1982.02
mtgoxUSD 390.2000 51,499.85 390.10 392.35 392.57 336.28
bitstampUSD 357.7700 47,938.32 352.12 355.88 360.00 298.95
China almost double than Gox... btcnCNY 2506.1000 92,470.89 2510.00 2518.00 2630.00 1982.02
mtgoxUSD 390.2000 51,499.85 390.10 392.35 392.57 336.28
bitstampUSD 357.7700 47,938.32 352.12 355.88 360.00 298.95
November 09, 2013, 09:37:55 AM
$360
November 09, 2013, 09:34:51 AM
November 09, 2013, 09:28:52 AM
I'm now on the 7-day chart for this rally. 
November 09, 2013, 09:26:01 AM
So I sold 1 BTC at 350 yesterday ...
..... on gox, and its gone up by 40+$ in 24h
..... on gox, and its gone up by 40+$ in 24h
Yeah, against my better judgement, I sold 2% of my coins yesterday trying to play the dip. It missed my buy target by <5$.
I am glad I bought them back earlier today. 
November 09, 2013, 09:25:11 AM
Fear is what is driving this rally. It's not about utility or long term use, but purely fear of missing the boat. "Last chance to get in and get rich". "Last chance to own a Bitcoin." I do believe we're going to break $1000 on this fear and maybe more. The fall however, is going to be something else all together.
The good news is, no one need sell when it dips....because of the below events.
Bitcoin value doubled in 3 months
19 times in a row
19 times in a row
It is a nonsense.
a) 2^19 = 524 288
b) $266 / 524 288 = $ 0,000507354736328125
November 09, 2013, 09:24:15 AM
So I sold 1 BTC at 350 yesterday ...
..... on gox, and its gone up by 40+$ in 24h
..... on gox, and its gone up by 40+$ in 24h
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