Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32372.

spooderman

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Quote from: Wary on August 27, 2013, 06:22:07 PM

The whale purchase was because of the meeting: the officials passed some good news to the foundation people and they made the whale purchase.

I think it's other way around:

Officials had nothing new to say to bitcoiners. Government talk to bitcoin community not by chatting on meetings but by issuing regulations and making seizures

The purpose of the meeting was not to pass some information to the BTC people, but to get it from them.

Therefore: the whale was not a bitcoiner, but one of the officials. After the meeting he decided to invest his personal money in BTC. And he has vested interest in BTC now.

tl;dr: The whale is our new secret ally in the enemy's camp

I "liek" your style, but how did he get his money into gox so fast?

elg

full member

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https://www.youtube.com/watch?feature=player_embedded&v=xLJ6Z3AcvBw

Wary

hero member

Activity: 798

Merit: 1000

Who's there?

The whale purchase was because of the meeting: the officials passed some good news to the foundation people and they made the whale purchase.

I think it's other way around:

Officials had nothing new to say to bitcoiners. Government talk to bitcoin community not by chatting on meetings but by issuing regulations and making seizures

The purpose of the meeting was not to pass some information to the BTC people, but to get it from them.

Therefore: the whale was not a bitcoiner, but one of the officials. After the meeting he decided to invest his personal money in BTC. And he has vested interest in BTC now.

tl;dr: The whale is our new secret ally in the enemy's camp

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: herzmeister on August 27, 2013, 05:50:30 PM

rallying because WW3 will require heavy money printing

lol

hmmm...

ya! thats right.

Cheesy

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

herzmeister

legendary

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rallying because WW3 will require heavy money printing

ChartBuddy

legendary

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bitcodo

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Can't upload avatar

Quote from: Coinseeker on August 27, 2013, 04:00:44 PM

Quote from: NewLiberty on August 27, 2013, 03:55:11 PM

Quote from: Walsoraj on August 27, 2013, 01:23:03 PM

Quote from: elux on August 27, 2013, 01:08:34 PM

... they had nothing to fear from the government as long as they followed U.S. financial rules.

^could be problematic for most, if not all, companies currently involved in bitcoin. First, it is super expensive. Second, who knows what those recent 20+ subpoenas will reveal. Would anyone be surprised if the regulatory bodies determine that no current bitcoin-related companies have adequate KYC and anti money laundering procedures in place?

KYC is not really that hard or expensive. There are service desks that will do it for you for a few bucks a customer. Perhaps it is the non-monetary costs that have been more daunting?

It's actually the fees and bonds to get registered in the individual states thats a problem. Estimates are as high as $7 million and at least a year to be within compliance in all 50 states. Maybe you could get it in a year and that's if you spend tons more on a team of great lawyers.

Yes, just wanted to write that. http://thegenesisblock.com/town-hall-discussion-with-gavin-andresen-and-patrick-murck/

Quote from: molecular on August 27, 2013, 03:55:16 PM

Quote from: MonadTran on August 27, 2013, 03:40:24 PM

Quote from: el_rlee on August 27, 2013, 03:31:16 PM

Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

src?

Might make some sense: http://www.marketwatch.com/story/syria-intervention-fears-hit-global-markets-2013-08-27

Stocks drop, maybe due to some Syria news, maybe not, maybe people are using some Syria news to rationalize their irrational behavior. Anyway, there's a selloff on the stock market, where does the money go? Might as well go our way.

indeed could make some sense. money flows to gold/silver/bitcoin.

You can't just decide to invest in BTC in a minute. It takes many days. Not $ flowing in. Just $ from mtgox to BTC.

And I really don't read it as so good. You need to obey all USA rules - they said this before - nothing new. Again, pay 7M$, wait 1 year and do your business - not so good. And still we just have exchanges, mining, SilkRoad and gambling - nothing new.

Quote from: smoothie on August 27, 2013, 06:49:58 AM

Lift-off commencing! Grin

http://www.youtube.com/watch?v=D67kmFzSh_o

ChartBuddy

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Coinseeker

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Quote from: NewLiberty on August 27, 2013, 03:55:11 PM

Quote from: Walsoraj on August 27, 2013, 01:23:03 PM

Quote from: elux on August 27, 2013, 01:08:34 PM

... they had nothing to fear from the government as long as they followed U.S. financial rules.

^could be problematic for most, if not all, companies currently involved in bitcoin. First, it is super expensive. Second, who knows what those recent 20+ subpoenas will reveal. Would anyone be surprised if the regulatory bodies determine that no current bitcoin-related companies have adequate KYC and anti money laundering procedures in place?

KYC is not really that hard or expensive. There are service desks that will do it for you for a few bucks a customer. Perhaps it is the non-monetary costs that have been more daunting?

It's actually the fees and bonds to get registered in the individual states thats a problem. Estimates are as high as $7 million and at least a year to be within compliance in all 50 states. Maybe you could get it in a year and that's if you spend tons more on a team of great lawyers.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: MonadTran on August 27, 2013, 03:40:24 PM

Quote from: el_rlee on August 27, 2013, 03:31:16 PM

Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

src?

Might make some sense: http://www.marketwatch.com/story/syria-intervention-fears-hit-global-markets-2013-08-27

Stocks drop, maybe due to some Syria news, maybe not, maybe people are using some Syria news to rationalize their irrational behavior. Anyway, there's a selloff on the stock market, where does the money go? Might as well go our way.

indeed could make some sense. money flows to gold/silver/bitcoin.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: Walsoraj on August 27, 2013, 01:23:03 PM

Quote from: elux on August 27, 2013, 01:08:34 PM

... they had nothing to fear from the government as long as they followed U.S. financial rules.

^could be problematic for most, if not all, companies currently involved in bitcoin. First, it is super expensive. Second, who knows what those recent 20+ subpoenas will reveal. Would anyone be surprised if the regulatory bodies determine that no current bitcoin-related companies have adequate KYC and anti money laundering procedures in place?

KYC is not really that hard or expensive. There are service desks that will do it for you for a few bucks a customer. Perhaps it is the non-monetary costs that have been more daunting?

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

gold rises a bit too and btc is the new gold

Walsoraj

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Activity: 686

Merit: 500

Ultranode

Quote from: MonadTran on August 27, 2013, 03:40:24 PM

Quote from: el_rlee on August 27, 2013, 03:31:16 PM

Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

src?

Might make some sense: http://www.marketwatch.com/story/syria-intervention-fears-hit-global-markets-2013-08-27

Stocks drop, maybe due to some Syria news, maybe not, maybe people are using some Syria news to rationalize their irrational behavior. Anyway, there's a selloff on the stock market, where does the money go? Might as well go our way.

The money goes to fiat and stays there until the future is less uncertain.

MonadTran

full member

Activity: 181

Merit: 100

Quote from: el_rlee on August 27, 2013, 03:31:16 PM

Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

src?

Might make some sense: http://www.marketwatch.com/story/syria-intervention-fears-hit-global-markets-2013-08-27

Stocks drop, maybe due to some Syria news, maybe not, maybe people are using some Syria news to rationalize their irrational behavior. Anyway, there's a selloff on the stock market, where does the money go? Might as well go our way.

derpinheimer

legendary

Activity: 896

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400 coins between 125 and 118... lol

Odalv

legendary

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Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

I think the price is affected by the ants and their effect on the corrosion of the earth's axis

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: romerun on August 27, 2013, 03:27:32 PM

syria is responsible for the current rally apparently

src?

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

syria is responsible for the current rally apparently

ChartBuddy

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Merit: 1801

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32372. (Read 26470003 times)